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Railway System Market by System Type, Transit Type, Application & Region - Global Forecast to 2025

  • ID: 4763771
  • Report
  • Region: Global
  • 140 Pages
  • Markets and Markets
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Global Railway System Market Estimated to Grow at a CAGR of 5.2%, from USD 26.0 Billion in 2019 to USD 35.3 Billion by 2025

FEATURED COMPANIES

  • ABB
  • Bombardier
  • CRRC
  • General Electric
  • Hyundai Rotem
  • Medcom
  • MORE

Railway System Market by System Type (Auxiliary Power, HVAC, Propulsion, On-board Vehicle Control, Train Information & Train Safety), Transit Type (Conventional & Rapid), Application (Passenger & Freight Transportation) & Region - Global Forecast to 2025

Increase in user preference for public transportation and growing demand for energy-efficient transport to drive the railway system market.

The global railway system market is estimated to grow at a CAGR of 5.2%, from USD 26.0 billion in 2019 to USD 35.3 billion by 2025. Rising income levels have increased the demand for personal mobility and led to a rise in road traffic in major cities across the globe, which has increased the demand for public transportation such as metros and high-speed trains. The increasing demand for these rolling stocks will fuel the growth of the railway system market. However, refurbishment of existing rolling stock and its capital-intensive nature are inhibiting the growth of the market.

Freight transportation to grow at a significant rate during the forecast period.

Freight transportation segment is estimated to be the fastest growing segment of the railway system market during the forecast period. The demand for freight transportation is high in the US, China, and Russia. This is because of the increasing replacement of old fleets and the growth of the manufacturing sector in these countries. Custom-made and technologically advanced systems are being introduced in locomotives. The increased mining activities in emerging economies are expected to impact the market for freight transportation positively. The growth of freight transportation is expected to propel the railway system market consequently.

The propulsion system segment is estimated to be the largest market, in terms of value.

The propulsion system segment is estimated to hold the largest market share. The propulsion system is a standard component in railways. Several countries in Europe, Asia Pacific, and the Middle East have introduced various rail projects to encourage mass rapid transit. The market for propulsion systems is expected to grow in line with the increased demand for rail transit systems. Moreover, the increasing number of hybrid propulsion systems and battery-operated propulsion systems will propel the overall market for propulsion systems.

Asia Pacific is estimated to be the fastest growing railway system market during the forecast period.

The Asia Pacific railway system market is estimated to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific region is due to increased production and capacity expansions by rolling stock manufacturers. This is to cope with rising consumer demand and comply with fuel-efficiency norms and regulations. In April 2018, CRRC, China’s leading rolling stock manufacturer, bagged a deal to supply 200 train cars to Argentina.

The study contains insights from various industry experts, ranging from component suppliers to tier I companies and OEMs.

The break-up of the primaries is as follows:

  • By Company Type: Tier I: 27%, Tier II: 27%, OEM: 46%
  • By Designation: C level: 32%, D level: 38%, Others: 30%
  • By Region: North America: 15%, Europe: 27%, Asia Pacific: 50%, Rest of the World: 8%

Major players profiled in the report are:

  • CRRC (China)
  • Bombardier (Canada)
  • Alstom (France)
  • ABB (Switzerland)
  • Siemens (Germany)
  • General Electric (US)
  • Hyundai Rotem (South Korea)
  • Mitsubishi Heavy Industries (Japan)
  • Toshiba (Japan)
  • Hitachi (South Korea)

Research Coverage:

The report segments the railway system market, by value, on the basis of region (Asia Pacific, Europe, North America, and the Rest of the World), application (passenger transportation and freight transportation), system type (auxiliary power system, HVAC, propulsion system, onboard vehicle control, train information system, train safety system), and transit type (conventional and rapid). The report contains various levels of analysis, including industry analysis, industry trends, and company profiles, which together comprise and discuss the basic views on the emerging and high-growth segments of the railway system market, high-growth regions and countries, government initiatives, and market dynamics such as drivers, restraints, opportunities, and challenges.

Reasons to Buy the Report:

The report enables new entrants and smaller firms as well as established firms to understand the market better to help them acquire a larger market share. Firms purchasing the report could use any one or a combination of the 4 strategies (market development, product development/innovation, market diversification, and competitive assessment) mentioned below to strengthen their position in the market.

The report provides insights into the following points:

  • Market Penetration: The report offers comprehensive information about the railway system market and the top players in the market.
  • Product Development/Innovation: The report provides detailed insights into upcoming technologies, R&D activities, and new product launches in the railway system market.
  • Market Development: The report offers comprehensive information about the railway system market. The report analyzes the railway system market across regions and provides comprehensive information about lucrative emerging markets.
  • Market Diversification: The report provides exhaustive information about new products, untapped regional markets, recent developments, and investments in the railway system market.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Bombardier
  • CRRC
  • General Electric
  • Hyundai Rotem
  • Medcom
  • MORE

1 Railway System Market Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Secondary Sources
2.2.2 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Market Breakdown & Data Triangulation
2.5 Market Size Estimation
2.5.1 Top-Down Approach
2.6 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Railway System Market
4.2 Railway System Market in Europe, By Transit Type and Country
4.3 Market: Major Countries
4.4 Market, By Application
4.5 Market, By Transit Type
4.6 Market, By System Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in User Preference for Public Transportation
5.2.1.2 Growing Demand for Energy-Efficient Transport
5.2.2 Restraints
5.2.2.1 Refurbishment of Existing Rolling Stock
5.2.2.2 Capital-Intensive Nature of Rolling Stock
5.2.3 Opportunities
5.2.3.1 Increasing Railway Projects Across the Globe
5.2.3.2 the Inclination of Emerging Countries Toward High-Speed Rail for Rapid Transit
5.2.3.3 Increase in the Use of Railways for Industrial and Mining Activities
5.2.4 Challenges
5.2.4.1 High Overhaul and Maintenance Costs

6 Industry Trends
6.1 Technological Overview
6.1.1 Type of Propulsion System
6.1.1.1 Diesel
6.1.1.2 Electric
6.1.1.3 Hybrid
6.1.2 Train Signaling System
6.1.2.1 Positive Train Control (PTC)
6.1.2.2 Communication/Computer-Based Train Control (CBTC)
6.1.2.3 Automatic/Integrated Train Control (ATC)
6.1.2.4 Passenger Information System (PIS)
6.1.2.5 Automatic Warning System (AWS)
6.1.3 Internet of Trains (IoT in Railways)
6.1.4 Big Data Analytics and Cloud Computing in Railways
6.1.5 Predictive Maintainance
6.1.6 Autonomous Train
6.1.7 High-Speed Trains
6.1.8 Camera System for Trains
6.2 Macro indicator Analysis
6.2.1 Growth of Railway System Market
6.2.2 GDP (USD Billion)
6.2.3 GNI Per Capita, Atlas Method (USD)
6.2.4 GDP Per Capita Ppp (USD)
6.2.5 Macro indicators Influencing the Market, Top 3 Countries
6.2.5.1 Germany
6.2.5.2 US
6.2.5.3 China
6.3 Porter’s Five Forces

7 Railway System Market, By Transit Type
7.1 Introduction
7.2 Conventional
7.2.1 Trend of Electrification Will Propel the Demand for Locomotives
7.2.2 Diesel Locomotive
7.2.3 Electric Locomotive
7.2.4 Electro-Diesel Locomotive
7.2.5 Coaches
7.3 Rapid
7.3.1 Increasing Investments By Developing Countries for the Development of Metro Projects Will Boost the Metro Market
7.3.2 Diesel Multiple Unit (DMU)
7.3.3 Electric Multiple Unit (EMU)
7.3.4 Light Rail/ Tram
7.3.5 Metro/Subways

8 Railway System Market, By System Type
8.1 Introduction
8.2 Propulsion System
8.2.1 Growing Demand for Hybrid and Battery Operated Trains Will Propel the Propulsion System Market
8.3 Auxiliary Power System
8.3.1 Asia Pacific is Expected to Be the Fastest Growing Market for Auxiliary Power System
8.4 Train Information System
8.4.1 Europe is Estimated to Be the Largest Train Information System Market
8.5 Train Safety System
8.5.1 Increasing Government Norms Related to Passenger Safety Will Propel Train Safety System Market
8.6 HVAC System
8.6.1 Growing Demand for Comfort Features Will Propel HVAC System Market
8.7 On-Board Vehicle Control
8.7.1 Europe is the Largest Market for On-Board Vehicle Control

9 Railway System Market, By Application
9.1 Introduction
9.2 Freight Transportation
9.2.1 Growing Mining and Industrial Transportation Will Propel Freight Transportation
9.3 Passenger Transportation
9.3.1 Increasing Mass Transportation Due to Increase in Urbanization is Expected to Fuel Passenger Transportation

10 Railway System Market, By Region
10.1 Introduction
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Huge Investments in Railway Infrastructure is Boosting the Chinese Rapid Transit Market
10.2.2 India
10.2.2.1 Upcoming Railway Projects are Expected to Drive the Indian Railway System Market
10.2.3 Japan
10.2.3.1 Technological Advancements in High-Speed Trains are Driving the Japanese Rapid Transit Market
10.2.4 South Korea
10.2.4.1 Expansion in Urban Rail is Expected to Propel the South Korean Rapid Transit Market
10.3 Europe
10.3.1 France
10.3.1.1 Increasing Adoption of Light Rails/Trams Will Boost the French Rapid Transit Market
10.3.2 Germany
10.3.2.1 High Investments in Digital Technologies Will Drive the German Rapid Transit Market
10.3.3 Italy
10.3.3.1 Ambitious Investment Programs are Expected to Drive the Italian Rapid Transit Market
10.3.4 Russia
10.3.4.1 Several Government Initiatives to Promote Public Transport Will Propel the Russian Conventional Transit Market
10.3.5 Spain
10.3.5.1 Investments in High-Speed Trains Will Fuel the Spanish Rapid Transit Market
10.3.6 UK
10.3.6.1 Increase in Train Fleet Will Boost the UK Rapid Transit Market
10.4 North America
10.4.1 US
10.4.1.1 US is Considered to Be A Pioneer in Freight Transportation Which Will Drive the Conventional Transit Market
10.4.2 Mexico
10.4.2.1 Emergence of Private Players to Drive the Mexican Conventional Transit Market
10.4.3 Canada
10.4.3.1 Growing Concerns Over Traffic Congestion to Drive the Canadian Railway System Market
10.5 Rest of the World (RoW)
10.5.1 Brazil
10.5.1.1 Huge Spending on Urban Mobility Projects is Expected to Fuel the Brazilian Rapid Transit Market
10.5.2 United Arab Emirates (UAE)
10.5.2.1 Increasing Use of Technologically Advanced Trains is Expected to Boost the UAE Railway System Market

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis
11.3 Competitive Scenario
11.3.1 New Product Developments
11.3.2 Mergers & Acquisitions
11.3.3 Partnerships/Supply Contracts/Collaborations/ Joint Ventures/License Agreements
11.3.4 Expansions
11.4 Competitive Leadership Mapping
11.4.1 Visionary Leaders
11.4.2 Innovators
11.4.3 Dynamic Differentiators
11.4.4 Emerging Companies

12 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, View)*
12.1 CRRC
12.2 Bombardier
12.3 Alstom
12.4 ABB
12.5 Siemens
12.6 General Electric
12.7 Hyundai Rotem
12.8 Mitsubishi Heavy Industries
12.9 Toshiba
12.10 Hitachi
12.11 Additional Companies
12.11.1 Construcciones Y Auxiliar De Ferrocarriles (CAF)
12.11.2 Strukton
12.11.3 Woojin Industrial Systems
12.11.4 American Equipment Company
12.11.5 Ingeteam
12.11.6 Calamp
12.11.7 Sinara Transport Machines
12.11.8 Fuji Electric
12.11.9 Skoda Transportation
12.11.10 Medcom

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, View Might Not Be Captured in Case of Unlisted Companies.

List of Tables
Table 1 Currency Exchange Rates (Wrt USD)
Table 2 Railway System Market, By Transit Type, 2017–2025 (USD Million)
Table 3 Conventional Transit: Market, By Region, 2017–2025 (USD Million)
Table 4 Rapid Transit: Market, By Region, 2017–2025 (USD Million)
Table 5 Market, By System Type, 2017–2025 (USD Million)
Table 6 Propulsion System: Market, By Region, 2017–2025 (USD Million)
Table 7 Auxiliary Power System: Market, By Region, 2017–2025 (USD Million)
Table 8 Train Information System: Market, By Region, 2017–2025 (USD Million)
Table 9 Train Safety System: Market, By Region, 2017–2025 (USD Million)
Table 10 HVAC System: Market Size, By Region, 2017–2025 (USD Million)
Table 11 On-Board Vehicle Control: Market, By Region, 2017–2025 (USD Million)
Table 12 Market Size, By Application, 2017–2025 (USD Million)
Table 13 Freight Transportation: Market, By Region, 2017–2025 (USD Million)
Table 14 Passenger Transportation: Market, By Region, 2017–2025 (USD Million)
Table 15 Market, By Region, 2017–2025 (USD Million)
Table 16 Asia Pacific: Market, By Country, 2017–2025 (USD Million)
Table 17 China: Market, By Transit Type, 2017–2025 (USD Million)
Table 18 India: Market, By Transit Type, 2017–2025 (USD Million)
Table 19 Japan: Market, By Transit Type, 2017–2025 (USD Million)
Table 20 South Korea: Market, By Transit Type, 2017–2025 (USD Million)
Table 21 Europe: Railway System Market, By Country, 2017–2025 (USD Million)
Table 22 France: Market, By Transit Type, 2017–2025 (USD Million)
Table 23 Germany: Market, By Transit Type, 2017–2025 (USD Million)
Table 24 Italy: Market, By Transit Type, 2017–2025 (USD Million)
Table 25 Russia: Market, By Transit Type, 2017-2025 (USD Million)
Table 26 Spain: Market, By Transit Type, 2017–2025 (USD Million)
Table 27 UK: Market, By Transit Type, 2017–2025 (USD Million)
Table 28 North America: Market, By Country, 2017–2025 (USD Million)
Table 29 US: Market, By Transit Type, 2017–2025 (USD Million)
Table 30 Mexico: Market, By Transit Type, 2017–2025 (USD Million)
Table 31 Canada: Market, By Transit Type, 2017–2025 (USD Million)
Table 32 Rest of the World: Market, By Country, 2017–2025 (USD Million)
Table 33 Brazil: Market, By Transit Type, 2017–2025 (USD Million)
Table 34 UAE: Market, By Transit Type, 2017–2025 (USD Million)
Table 35 New Product Developments, 2017–2018
Table 36 Mergers & Acquisitions, 2016–2019
Table 37 Partnerships/Supply Contracts/Collaborations/Joint Ventures/ Agreements, 2016–2019
Table 38 Expansions, 2015–2018

List of Figures
Figure 1 Railway System Market Segmentation
Figure 2 Market Segmentation, By Region
Figure 3 Market: Research Design
Figure 4 Research Methodology Model
Figure 5 Breakdown of Primary Interviews
Figure 6 Data Triangulation
Figure 7 Market: Top-Down Approach
Figure 8 Market: Market Dynamics
Figure 9 Used for Passenger Transportation to Hold the Largest Share in the Market, 2019 vs. 2025 (USD Million)
Figure 10 Conventional Transit Segment to Witness the Highest Growth in the Market (USD Million)
Figure 11 Railway System Market: Market Size
Figure 12 Increase in User Preference for Public Transportation and Growing Demand for Energy-Efficient Transport to Drive the Market Growth During the Forecast Period
Figure 13 Rapid Transit and Germany Account for the Largest Share of the Market in Europe in 2019
Figure 14 Market in the UAE to Grow at the Highest Rate During the Forecast Period
Figure 15 Passenger Transportation is Estimated to Lead the Market, 2019 vs. 2025 (USD Million)
Figure 16 Conventional Transit Segment is Estimated to Be the Fastest Growing Market During the Forecast Period
Figure 17 Propulsion System is Estimated to Lead the Market, 2019 vs. 2025 (USD Million)
Figure 18 Railway System Market: Market Dynamics
Figure 19 Driving Time Spent in Traffic Congestion, 2017
Figure 20 North American Freight Transportation, By Transportation Mode, 2016 vs. 2017 (USD Billion)
Figure 21 Evolution of Connected Railways
Figure 22 Porter’s Five Forces: Market
Figure 23 Market, By Transit Type, 2019 vs 2025 (USD Million)
Figure 24 Market, By System Type, 2019 vs. 2025 (USD Million)
Figure 25 Market, By Application, 2019 vs. 2025 (USD Million)
Figure 26 Market, By Region, 2019–2025
Figure 27 Asia Pacific: Railway System Market Snapshot
Figure 28 Europe: Market Snapshot
Figure 29 North America: Market Snapshots
Figure 30 Rest of the World: Market, By Country, 2019 vs 2025 (USD Million)
Figure 31 Key Developments By Leading Players in the Market, 2016–2019
Figure 32 Market Ranking 2018
Figure 33 Market: Competitive Leadership Mapping, 2018
Figure 34 CRRC: Company Snapshot
Figure 35 CRRC Corporation: SWOT Analysis
Figure 36 Bombardier: Company Snapshot
Figure 37 Bombardier: SWOT Analysis
Figure 38 Alstom: Company Snapshot
Figure 39 Alstom: SWOT Analysis
Figure 40 ABB: Company Snapshot
Figure 41 ABB: SWOT Analysis
Figure 42 Siemens: Company Snapshot
Figure 43 Siemens: SWOT Analysis
Figure 44 General Electric: Company Snapshot
Figure 45 Hyundai Rotem Company: Company Snapshot
Figure 46 Mitsubishi Heavy Industries: Company Snapshot
Figure 47 Toshiba: Company Snapshot
Figure 48 Hitachi: Company Snapshot

Note: Product cover images may vary from those shown
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  • ABB
  • Alstom
  • American Equipment Company
  • Bombardier
  • Calamp
  • Construcciones Y Auxiliar De Ferrocarriles (CAF)
  • CRRC
  • Fuji Electric
  • General Electric
  • Hitachi
  • Hyundai Rotem
  • Ingeteam
  • Medcom
  • Mitsubishi Heavy Industries
  • Siemens
  • Sinara Transport Machines
  • Skoda Transportation
  • Strukton
  • Toshiba
  • Woojin Industrial Systems
Note: Product cover images may vary from those shown
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