Railway systems include propulsion systems, auxiliary power supply systems, HVAC, on board vehicle control, train information, and train safety systems. Development of advanced rail systems offers enhanced performance to mass transit passengers in terms of safety, comfort, reliability and dependability. Railway information and safety systems also ensure optimum usage and efficient management of transport network and infrastructure.
The railway industry has witnessed significant growth in passenger ridership as compared to other public transit, owing to its fare frequency and overall commute time. According to the Organization for Economic Cooperation and Development (OECD), passenger transport by rail for million passenger-kilometers has witnessed steady growth in the past decade. China registered 0.37 million rail passenger-kilometers in 1998, which reached 1.41 million rail passenger-kilometers in 2018. Moreover, India registered 0.40 million rail-kilometers in 1998, which reached 1.16 million rail passenger-kilometers in 2017.
Moreover, in 2019, the U.S. witnessed around 60% increase in rail ridership since 1997, and is expected to continue the same trend in the future. Rail transit in the U.S. holds around 48% of the total public transit. Railway has witnessed a significant rise in ridership, and is expected to continue in the upcoming years. Advanced railway system is expected to deliver various services such as smooth passenger & freight operations management, safety & security monitoring, and rail communication & networking, which are expected to cater to changing demands for passengers along with reducing commute time and enhancing travel experience.
Rolling stock infrastructure within a country increases the speed and efficiency of railway systems for freight and passenger transportation. In addition, the implementation of autonomous trains requires to be backed by a large investment. Governments of developing countries are investing significantly to meet the latest technology setups required for autonomous trains. For instance, in 2018, India invested $1.97 billion toward its infrastructure development to meet the latest automation demand, and is estimated to further invest $777.73 billion by 2022 to cater to the required infrastructure demand, which includes railway infrastructure development. This is anticipated to offer numerous opportunities for train automation players operating in the country. Hence, such improvements in developing countries are opportunistic for the growth of the railway system market.
The railway system market is segmented on the basis of type, end use, system type and region. By type, it is segmented into locomotives, metros, monorails, trams, freight wagons, passenger coaches, and others. By end use, the market is classified into passenger transit, and cargo train. By system type, it is segmented into auxiliary power, HVAC, propulsion, on-board vehicle control, train information, and train safety. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include Alstom SA, CRRC Corporation Limited, Siemens AG, Hitachi Ltd., Stadler Rail AG, Transmashholding, Knorr-Bremse AG, ABB Ltd., Toshiba Corporation, and Wabtec Corporation.
The railway industry has witnessed significant growth in passenger ridership as compared to other public transit, owing to its fare frequency and overall commute time. According to the Organization for Economic Cooperation and Development (OECD), passenger transport by rail for million passenger-kilometers has witnessed steady growth in the past decade. China registered 0.37 million rail passenger-kilometers in 1998, which reached 1.41 million rail passenger-kilometers in 2018. Moreover, India registered 0.40 million rail-kilometers in 1998, which reached 1.16 million rail passenger-kilometers in 2017.
Moreover, in 2019, the U.S. witnessed around 60% increase in rail ridership since 1997, and is expected to continue the same trend in the future. Rail transit in the U.S. holds around 48% of the total public transit. Railway has witnessed a significant rise in ridership, and is expected to continue in the upcoming years. Advanced railway system is expected to deliver various services such as smooth passenger & freight operations management, safety & security monitoring, and rail communication & networking, which are expected to cater to changing demands for passengers along with reducing commute time and enhancing travel experience.
Rolling stock infrastructure within a country increases the speed and efficiency of railway systems for freight and passenger transportation. In addition, the implementation of autonomous trains requires to be backed by a large investment. Governments of developing countries are investing significantly to meet the latest technology setups required for autonomous trains. For instance, in 2018, India invested $1.97 billion toward its infrastructure development to meet the latest automation demand, and is estimated to further invest $777.73 billion by 2022 to cater to the required infrastructure demand, which includes railway infrastructure development. This is anticipated to offer numerous opportunities for train automation players operating in the country. Hence, such improvements in developing countries are opportunistic for the growth of the railway system market.
The railway system market is segmented on the basis of type, end use, system type and region. By type, it is segmented into locomotives, metros, monorails, trams, freight wagons, passenger coaches, and others. By end use, the market is classified into passenger transit, and cargo train. By system type, it is segmented into auxiliary power, HVAC, propulsion, on-board vehicle control, train information, and train safety. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include Alstom SA, CRRC Corporation Limited, Siemens AG, Hitachi Ltd., Stadler Rail AG, Transmashholding, Knorr-Bremse AG, ABB Ltd., Toshiba Corporation, and Wabtec Corporation.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the railway system market analysis from 2021 to 2031 to identify the prevailing railway system market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the railway system market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global railway system market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Locomotive
- Metros
- Monorails
- Trams
- Freight wagons
- Passenger coaches
- Others
By End Use
- Passenger transit
- Cargo train
By System Type
- Auxiliary Power
- HVAC
- Propulsion
- On board vehicle control
- Train information
- Train safety
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Alstom SA
- CRRC CORPORATION LIMITED
- Siemens AG
- STADLER RAIL AG
- Knorr-Bremse AG
- Toshiba Corporation
- Hitachi Ltd.
- TRANSMASHHOLDING
- Wabtec Corporation
- ABB Ltd.
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in the allocation of budget for development of railways
3.4.1.2. Rise in demand for secure, safer, and efficient transport system
3.4.1.3. Rise in the use of public transport services as a solution to minimize traffic congestion
3.4.1.4. Growth in demand for safety and compliance in rail transit
3.4.1.5. Increase in demand for passenger and freight capacity
3.4.2. Restraints
3.4.2.1. High capital requirement
3.4.2.2. Lack of technology infrastructure and consistency in developing countries
3.4.2.3. High overhaul and maintenance costs
3.4.3. Opportunities
3.4.3.1. Improvement of railway infrastructure in developing countries
3.4.3.2. Technological advancements associated with autonomous rail and green transport
3.4.3.3. Integration of automation and advanced technologies in railway systems
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: RAILWAY SYSTEM MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2. Locomotive
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3. Metros
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4. Monorails
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5. Trams
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
4.6. Freight wagons
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market share analysis by country
4.7. Passenger coaches
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market share analysis by country
4.8. Others
4.8.1 Key market trends, growth factors and opportunities
4.8.2 Market size and forecast, by region
4.8.3 Market share analysis by country
CHAPTER 5: RAILWAY SYSTEM MARKET, BY END USE
5.1 Overview
5.1.1 Market size and forecast
5.2. Passenger transit
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Cargo train
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
CHAPTER 6: RAILWAY SYSTEM MARKET, BY SYSTEM TYPE
6.1 Overview
6.1.1 Market size and forecast
6.2. Auxiliary Power
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3. HVAC
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4. Propulsion
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
6.5. On board vehicle control
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market share analysis by country
6.6. Train information
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market share analysis by country
6.7. Train safety
6.7.1 Key market trends, growth factors and opportunities
6.7.2 Market size and forecast, by region
6.7.3 Market share analysis by country
CHAPTER 7: RAILWAY SYSTEM MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.3 North America Market size and forecast, by End Use
7.2.4 North America Market size and forecast, by System Type
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Type
7.2.5.1.3 Market size and forecast, by End Use
7.2.5.1.4 Market size and forecast, by System Type
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Type
7.2.5.2.3 Market size and forecast, by End Use
7.2.5.2.4 Market size and forecast, by System Type
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Type
7.2.5.3.3 Market size and forecast, by End Use
7.2.5.3.4 Market size and forecast, by System Type
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.3 Europe Market size and forecast, by End Use
7.3.4 Europe Market size and forecast, by System Type
7.3.5 Europe Market size and forecast, by country
7.3.5.1 France
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Type
7.3.5.1.3 Market size and forecast, by End Use
7.3.5.1.4 Market size and forecast, by System Type
7.3.5.2 Germany
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Type
7.3.5.2.3 Market size and forecast, by End Use
7.3.5.2.4 Market size and forecast, by System Type
7.3.5.3 UK
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Type
7.3.5.3.3 Market size and forecast, by End Use
7.3.5.3.4 Market size and forecast, by System Type
7.3.5.4 Russia
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Type
7.3.5.4.3 Market size and forecast, by End Use
7.3.5.4.4 Market size and forecast, by System Type
7.3.5.5 Rest of Europe
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Type
7.3.5.5.3 Market size and forecast, by End Use
7.3.5.5.4 Market size and forecast, by System Type
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.3 Asia-Pacific Market size and forecast, by End Use
7.4.4 Asia-Pacific Market size and forecast, by System Type
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Type
7.4.5.1.3 Market size and forecast, by End Use
7.4.5.1.4 Market size and forecast, by System Type
7.4.5.2 Japan
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Type
7.4.5.2.3 Market size and forecast, by End Use
7.4.5.2.4 Market size and forecast, by System Type
7.4.5.3 India
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Type
7.4.5.3.3 Market size and forecast, by End Use
7.4.5.3.4 Market size and forecast, by System Type
7.4.5.4 Australia
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Type
7.4.5.4.3 Market size and forecast, by End Use
7.4.5.4.4 Market size and forecast, by System Type
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Type
7.4.5.5.3 Market size and forecast, by End Use
7.4.5.5.4 Market size and forecast, by System Type
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.3 LAMEA Market size and forecast, by End Use
7.5.4 LAMEA Market size and forecast, by System Type
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Type
7.5.5.1.3 Market size and forecast, by End Use
7.5.5.1.4 Market size and forecast, by System Type
7.5.5.2 Middle East
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Type
7.5.5.2.3 Market size and forecast, by End Use
7.5.5.2.4 Market size and forecast, by System Type
7.5.5.3 Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Type
7.5.5.3.3 Market size and forecast, by End Use
7.5.5.3.4 Market size and forecast, by System Type
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1 Alstom SA
9.1.1 Company overview
9.1.2 Key Executives
9.1.3 Company snapshot
9.1.4 Operating business segments
9.1.5 Product portfolio
9.1.6 Business performance
9.1.7 Key strategic moves and developments
9.2 CRRC CORPORATION LIMITED
9.2.1 Company overview
9.2.2 Key Executives
9.2.3 Company snapshot
9.2.4 Operating business segments
9.2.5 Product portfolio
9.2.6 Business performance
9.2.7 Key strategic moves and developments
9.3 Siemens AG
9.3.1 Company overview
9.3.2 Key Executives
9.3.3 Company snapshot
9.3.4 Operating business segments
9.3.5 Product portfolio
9.3.6 Business performance
9.3.7 Key strategic moves and developments
9.4 STADLER RAIL AG
9.4.1 Company overview
9.4.2 Key Executives
9.4.3 Company snapshot
9.4.4 Operating business segments
9.4.5 Product portfolio
9.4.6 Business performance
9.4.7 Key strategic moves and developments
9.5 Knorr-Bremse AG
9.5.1 Company overview
9.5.2 Key Executives
9.5.3 Company snapshot
9.5.4 Operating business segments
9.5.5 Product portfolio
9.5.6 Business performance
9.5.7 Key strategic moves and developments
9.6 Toshiba Corporation
9.6.1 Company overview
9.6.2 Key Executives
9.6.3 Company snapshot
9.6.4 Operating business segments
9.6.5 Product portfolio
9.6.6 Business performance
9.6.7 Key strategic moves and developments
9.7 Hitachi Ltd.
9.7.1 Company overview
9.7.2 Key Executives
9.7.3 Company snapshot
9.7.4 Operating business segments
9.7.5 Product portfolio
9.7.6 Business performance
9.7.7 Key strategic moves and developments
9.8 TRANSMASHHOLDING
9.8.1 Company overview
9.8.2 Key Executives
9.8.3 Company snapshot
9.8.4 Operating business segments
9.8.5 Product portfolio
9.8.6 Business performance
9.8.7 Key strategic moves and developments
9.9 Wabtec Corporation
9.9.1 Company overview
9.9.2 Key Executives
9.9.3 Company snapshot
9.9.4 Operating business segments
9.9.5 Product portfolio
9.9.6 Business performance
9.9.7 Key strategic moves and developments
9.10 ABB Ltd.
9.10.1 Company overview
9.10.2 Key Executives
9.10.3 Company snapshot
9.10.4 Operating business segments
9.10.5 Product portfolio
9.10.6 Business performance
9.10.7 Key strategic moves and developments
List of Tables
Table 1. Global Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 2. Railway System Market for Locomotive, by Region, 2021-2031 (Revenue, $Million)
Table 3. Railway System Market for Metros, by Region, 2021-2031 (Revenue, $Million)
Table 4. Railway System Market for Monorails, by Region, 2021-2031 (Revenue, $Million)
Table 5. Railway System Market for Trams, by Region, 2021-2031 (Revenue, $Million)
Table 6. Railway System Market for Freight Wagons, by Region, 2021-2031 (Revenue, $Million)
Table 7. Railway System Market for Passenger Coaches, by Region, 2021-2031 (Revenue, $Million)
Table 8. Railway System Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 9. Global Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 10. Railway System Market for Passenger Transit, by Region, 2021-2031 (Revenue, $Million)
Table 11. Railway System Market for Cargo Train, by Region, 2021-2031 (Revenue, $Million)
Table 12. Global Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 13. Railway System Market for Auxiliary Power, by Region, 2021-2031 (Revenue, $Million)
Table 14. Railway System Market for Hvac, by Region, 2021-2031 (Revenue, $Million)
Table 15. Railway System Market for Propulsion, by Region, 2021-2031 (Revenue, $Million)
Table 16. Railway System Market for on Board Vehicle Control, by Region, 2021-2031 (Revenue, $Million)
Table 17. Railway System Market for Train Information, by Region, 2021-2031 (Revenue, $Million)
Table 18. Railway System Market for Train Safety, by Region, 2021-2031 (Revenue, $Million)
Table 19. Railway System Market, by Region, 2021-2031 (Revenue, $Million)
Table 20. North America Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 21. North America Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 22. North America Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 23. North America Railway System Market, by Country, 2021-2031 (Revenue, $Million)
Table 24. U.S. Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 25. U.S. Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 26. U.S. Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 27. Canada Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 28. Canada Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 29. Canada Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 30. Mexico Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 31. Mexico Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 32. Mexico Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 33. Europe Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 34. Europe Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 35. Europe Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 36. Europe Railway System Market, by Country, 2021-2031 (Revenue, $Million)
Table 37. France Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 38. France Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 39. France Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 40. Germany Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 41. Germany Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 42. Germany Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 43. UK Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 44. UK Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 45. UK Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 46. Russia Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 47. Russia Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 48. Russia Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 49. Rest of Europe Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 50. Rest of Europe Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 51. Rest of Europe Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 52. Asia-Pacific Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 53. Asia-Pacific Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 54. Asia-Pacific Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 55. Asia-Pacific Railway System Market, by Country, 2021-2031 (Revenue, $Million)
Table 56. China Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 57. China Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 58. China Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 59. Japan Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 60. Japan Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 61. Japan Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 62. India Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 63. India Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 64. India Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 65. Australia Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 66. Australia Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 67. Australia Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 68. Rest of Asia-Pacific Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 69. Rest of Asia-Pacific Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 70. Rest of Asia-Pacific Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 71. LAMEA Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 72. LAMEA Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 73. LAMEA Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 74. LAMEA Railway System Market, by Country, 2021-2031 (Revenue, $Million)
Table 75. Latin America Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 76. Latin America Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 77. Latin America Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 78. Middle East Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 79. Middle East Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 80. Middle East Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 81. Africa Railway System Market, by Type, 2021-2031 (Revenue, $Million)
Table 82. Africa Railway System Market, by End Use, 2021-2031 (Revenue, $Million)
Table 83. Africa Railway System Market, by System Type, 2021-2031 (Revenue, $Million)
Table 84. Alstom Sa: Key Executives
Table 85. Alstom Sa: Company Snapshot
Table 86. Alstom Sa: Operating Segments
Table 87. Alstom Sa: Product Portfolio
Table 88. Alstom Sa: Net Sales
Table 89. Alstom Sa: Key Stratergies
Table 90. Crrc Corporation Limited: Key Executives
Table 91. Crrc Corporation Limited: Company Snapshot
Table 92. Crrc Corporation Limited: Operating Segments
Table 93. Crrc Corporation Limited: Product Portfolio
Table 94. Crrc Corporation Limited: Net Sales
Table 95. Crrc Corporation Limited: Key Stratergies
Table 96. Siemens Ag: Key Executives
Table 97. Siemens Ag: Company Snapshot
Table 98. Siemens Ag: Operating Segments
Table 99. Siemens Ag: Product Portfolio
Table 100. Siemens Ag: Net Sales
Table 101. Siemens Ag: Key Stratergies
Table 102. Stadler Rail Ag: Key Executives
Table 103. Stadler Rail Ag: Company Snapshot
Table 104. Stadler Rail Ag: Operating Segments
Table 105. Stadler Rail Ag: Product Portfolio
Table 106. Stadler Rail Ag: Net Sales
Table 107. Stadler Rail Ag: Key Stratergies
Table 108. Knorr-Bremse Ag: Key Executives
Table 109. Knorr-Bremse Ag: Company Snapshot
Table 110. Knorr-Bremse Ag: Operating Segments
Table 111. Knorr-Bremse Ag: Product Portfolio
Table 112. Knorr-Bremse Ag: Net Sales
Table 113. Knorr-Bremse Ag: Key Stratergies
Table 114. Toshiba Corporation: Key Executives
Table 115. Toshiba Corporation: Company Snapshot
Table 116. Toshiba Corporation: Operating Segments
Table 117. Toshiba Corporation: Product Portfolio
Table 118. Toshiba Corporation: Net Sales
Table 119. Toshiba Corporation: Key Stratergies
Table 120. Hitachi Ltd.: Key Executives
Table 121. Hitachi Ltd.: Company Snapshot
Table 122. Hitachi Ltd.: Operating Segments
Table 123. Hitachi Ltd.: Product Portfolio
Table 124. Hitachi Ltd.: Net Sales
Table 125. Hitachi Ltd.: Key Stratergies
Table 126. Transmashholding: Key Executives
Table 127. Transmashholding: Company Snapshot
Table 128. Transmashholding: Operating Segments
Table 129. Transmashholding: Product Portfolio
Table 130. Transmashholding: Net Sales
Table 131. Transmashholding: Key Stratergies
Table 132. Wabtec Corporation: Key Executives
Table 133. Wabtec Corporation: Company Snapshot
Table 134. Wabtec Corporation: Operating Segments
Table 135. Wabtec Corporation: Product Portfolio
Table 136. Wabtec Corporation: Net Sales
Table 137. Wabtec Corporation: Key Stratergies
Table 138. Abb Ltd.: Key Executives
Table 139. Abb Ltd.: Company Snapshot
Table 140. Abb Ltd.: Operating Segments
Table 141. Abb Ltd.: Product Portfolio
Table 142. Abb Ltd.: Net Sales
Table 143. Abb Ltd.: Key Stratergies
List of Figures
Figure 1. Segmentation of Railway System Market, 2021-2031
Figure 2. Railway System Market, 2021-2031
Figure 3. Top Investment Pockets, by Region
Figure 4. Porter Five-1
Figure 5. Porter Five-2
Figure 6. Porter Five-3
Figure 7. Porter Five-4
Figure 8. Porter Five-5
Figure 9. Railway System Market: Drivers, Restraints and Opportunities
Figure 10. Railway System Market, by Type, 2021 (%)
Figure 11. Comparative Share Analysis of Locomotive Railway System Market, 2021 and 2031 (%)
Figure 12. Comparative Share Analysis of Metros Railway System Market, 2021 and 2031 (%)
Figure 13. Comparative Share Analysis of Monorails Railway System Market, 2021 and 2031 (%)
Figure 14. Comparative Share Analysis of Trams Railway System Market, 2021 and 2031 (%)
Figure 15. Comparative Share Analysis of Freight Wagons Railway System Market, 2021 and 2031 (%)
Figure 16. Comparative Share Analysis of Passenger Coaches Railway System Market, 2021 and 2031 (%)
Figure 17. Comparative Share Analysis of Others Railway System Market, 2021 and 2031 (%)
Figure 18. Railway System Market, by End Use, 2021 (%)
Figure 19. Comparative Share Analysis of Passenger Transit Railway System Market, 2021 and 2031 (%)
Figure 20. Comparative Share Analysis of Cargo Train Railway System Market, 2021 and 2031 (%)
Figure 21. Railway System Market, by System Type, 2021 (%)
Figure 22. Comparative Share Analysis of Auxiliary Power Railway System Market, 2021 and 2031 (%)
Figure 23. Comparative Share Analysis of Hvac Railway System Market, 2021 and 2031 (%)
Figure 24. Comparative Share Analysis of Propulsion Railway System Market, 2021 and 2031 (%)
Figure 25. Comparative Share Analysis of on Board Vehicle Control Railway System Market, 2021 and 2031 (%)
Figure 26. Comparative Share Analysis of Train Information Railway System Market, 2021 and 2031 (%)
Figure 27. Comparative Share Analysis of Train Safety Railway System Market, 2021 and 2031 (%)
Figure 28. Railway System Market by Region, 2021
Figure 29. U.S. Railway System Market, 2021-2031 ($Million)
Figure 30. Canada Railway System Market, 2021-2031 ($Million)
Figure 31. Mexico Railway System Market, 2021-2031 ($Million)
Figure 32. France Railway System Market, 2021-2031 ($Million)
Figure 33. Germany Railway System Market, 2021-2031 ($Million)
Figure 34. UK Railway System Market, 2021-2031 ($Million)
Figure 35. Russia Railway System Market, 2021-2031 ($Million)
Figure 36. Rest of Europe Railway System Market, 2021-2031 ($Million)
Figure 37. China Railway System Market, 2021-2031 ($Million)
Figure 38. Japan Railway System Market, 2021-2031 ($Million)
Figure 39. India Railway System Market, 2021-2031 ($Million)
Figure 40. Australia Railway System Market, 2021-2031 ($Million)
Figure 41. Rest of Asia-Pacific Railway System Market, 2021-2031 ($Million)
Figure 42. Latin America Railway System Market, 2021-2031 ($Million)
Figure 43. Middle East Railway System Market, 2021-2031 ($Million)
Figure 44. Africa Railway System Market, 2021-2031 ($Million)
Figure 45. Top Winning Strategies, by Year
Figure 46. Top Winning Strategies, by Development
Figure 47. Top Winning Strategies, by Company
Figure 48. Product Mapping of Top 10 Players
Figure 49. Competitive Dashboard
Figure 50. Competitive Heatmap of Top 10 Key Players
Figure 51. Top Player Positioning, 2021
Figure 52. Alstom Sa.: Net Sales ($Million)
Figure 53. Crrc Corporation Limited.: Net Sales ($Million)
Figure 54. Siemens Ag.: Net Sales ($Million)
Figure 55. Stadler Rail Ag.: Net Sales ($Million)
Figure 56. Knorr-Bremse Ag.: Net Sales ($Million)
Figure 57. Toshiba Corporation.: Net Sales ($Million)
Figure 58. Hitachi Ltd..: Net Sales ($Million)
Figure 59. Transmashholding.: Net Sales ($Million)
Figure 60. Wabtec Corporation.: Net Sales ($Million)
Figure 61. Abb Ltd..: Net Sales ($Million)
Executive Summary
The Railway System Market is likely to experience a growth rate of 4.6% from 2022-2031 owing to increasing market demand from passenger transit sector.Railway system consists of auxiliary power, HVAC, propulsion, on-board vehicle control, train information, and train safety. The propulsion system provides motive power for a train, where traction or driving force is derived from various sources such as diesel engine drives, steam engine drives, and electric motors. The propulsion system can be non-electric, or electric. The propulsion system of electric trains comprises transformers, rectifiers, DC-link, inverters, AC motors, gearboxes, and wheels. The auxiliary power system provides power to the auxiliaries such as lights, heating ventilation, and air conditioning (HVAC) on trains, avoids power outages, and enables easy backup operation. The HVAC system is installed in rolling stocks to control the temperature & humidity, and provide thermal comfort.
Significant impacting factors in growth of the global railway system market include increase in allocation of budget for development of railways, rise in demand for secure, safer, and efficient transport system, rise in use of public transport services as a solution to minimize traffic congestion, growth in demand for safety and compliance in rail transit, and increase in demand for passenger and freight capacity. However, high capital requirement, lack of technology infrastructure and consistency in developing countries, and high overhaul and maintenance costs hamper the growth of the market. Furthermore, improvement in railway infrastructure in developing countries, technological advancements in autonomous rail and green transport, and integration of automation and advanced technologies in railway systems are factors expected to offer growth opportunities during the forecast period.
The market also offers growth opportunities to the key players in the market. Increasing focus on development of autonomous trains is expected to propel market growth during the forecast period. Semi-autonomous and autonomous train technologies and electric-powered rails are witnessing rapid development with substantial technological advancements. Autonomous trains drive themselves with negligible or no human involvement. Though large-scale adoption of autonomous trains is extremely low, several railway operators are expected to adopt semi-autonomous trains in the future. For instance, in Brazil, fully automated Line 4 of the Sao Paulo metro system carries human cargo sometimes as many as 800,000 people a day along an 11km route through one of the most populous cities on the planet.
The railway system market is segmented on the basis of type, end use, system type and region. By type, it is segmented into locomotives, metros, monorails, trams, freight wagons, passenger coaches, and others. By end use, the market is classified into passenger transit, and cargo train. By system type, it is segmented into auxiliary power, HVAC, propulsion, on-board vehicle control, train information, and train safety. By region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players profiled in the study include Alstom SA, CRRC Corporation Limited, Siemens AG, Hitachi Ltd., Stadler Rail AG, Transmashholding, Knorr-Bremse AG, ABB Ltd., Toshiba Corporation, and Wabtec Corporation. The players in the market have been actively engaged in the adoption various strategies such as acquisition, product launch and partnership to remain competitive and gain advantage over the competitors in the market. For instance, in September 2022, Knorr-Bremse acquired DSB Component Workshops from Danske Statsbaner (DSB). The acquired business is the service unit for systems and components of DSB's rail vehicles with expertise in overhauls and repair, parts and components for subsystems for trains, coaches, and locomotives. This would strengthen the company's offering in the market.
Key Market Insights
- By type, the freight wagons segment was the highest revenue contributor to the market, and is estimated to reach $17.5 billion by 2031, with a CAGR of 3.7%. However, the metro segment is estimated to be the fastest growing segment with the CAGR of 7.2% during the forecast period.
- Based on end use, the cargo train segment was the highest revenue contributor to the market, with $16.1 billion in 2021, and is estimated to reach $23.9 billion by 2031, with a CAGR of 4.1%.
- Based on region, Europe was the highest revenue contributor, accounting for $8.8 billion in 2021, and is estimated to reach $11.7 billion by 2031, with a CAGR of 3.0%.
Companies Mentioned
- Alstom SA
- CRRC CORPORATION LIMITED
- Siemens AG
- STADLER RAIL AG
- Knorr-Bremse AG
- Toshiba Corporation
- Hitachi Ltd.
- TRANSMASHHOLDING
- Wabtec Corporation
- ABB Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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