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Railway System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 143 Pages
  • June 2022
  • Region: Global
  • IMARC Group
  • ID: 5615151
The global railway system market reached a value of US$ 25.8 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 34.4 Billion by 2027, exhibiting a CAGR of 4.91% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.



The railway system refers to an organized arrangement that is responsible for managing the transportation of passenger and freight trains such as rail, monorail, scenic railway, metro, subway, cable and elevated railway. Over the years, rail transport has emerged as one of the most reliable modes of transportation with regards to security and safety. The railway system integrates technology with operations to streamline functions and deliver enhanced consumer satisfaction. It aids in managing train arrivals, departures, revenue, ticketing and cargo handling functions. Besides this, advanced railway systems use digital communications for disaster management and on-train processing to keep track of the speed and location of other trains.

Increasing urbanization and widespread digitalization across the globe are among the key factors driving the growth of the market. Growing population and rising expenditure capacities have augmented the demand for personal mobility across the world. Consumers are increasingly adopting public transportations, such as high-speed trains and metros to commute and avoid congestion on the road. Furthermore, the demand for dynamic and swift transportation systems by the rolling stock industry is also providing a boost to the market. Developing nations are extensively dependent on efficient asset and fleet management systems for remote diagnostics, asset planning and tracking services over long distances. Additionally, the integration of automation and the internet of things (IoT) technologies in railway systems is positively impacting the market growth. Railway systems are being combined with big data analytics solutions to control and manage the communication systems, which assist the operators to identify malfunctioning components and prevent breakdowns. Moreover, the implementation of favorable government policies supporting the emerging trend of smart cities is also projected to drive the market in the upcoming years.

Key Market Segmentation:


The publisher provides an analysis of the key trends in each sub-segment of the global railway system market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on transit type, system type and application.

Breakup by Transit Type:

  • Conventional
  • Diesel Locomotive
  • Electric Locomotive
  • Electro-Diesel Locomotive
  • Coaches
  • Rapid
  • Diesel Multiple Unit (DMU)
  • Electric Multiple Unit (EMU)
  • Light Rail/Tram

Breakup by System Type:

  • Auxiliary Power System
  • Train Information System
  • Propulsion System
  • Train Safety System
  • HVAC System
  • On-Board Vehicle Control

Breakup by Application:

  • Freight Transportation
  • Passenger Transportation

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:


The report has also analysed the competitive landscape of the market with some of the key players being ABB Ltd., Alstom, American Equipment Company, Bombardier Inc., Calamp Corporation, Construcciones y Auxiliar de Ferrocarriles, CRRC Corporation Limited, Fuji Electric, General Electric Company, Hitachi Ltd., Hyundai Rotem Company, Ingeteam Power Technology, Medcom, Mitsubishi Heavy Industries Ltd., Siemens Aktiengesellschaft, Škoda Transportation, Strukton Groep N.V., etc.

Key Questions Answered in This Report:

  • How has the global railway system market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the industry?
  • What has been the impact of COVID-19 on the global railway system market?
  • What is the breakup of the market based on the transit type?
  • What is the breakup of the market based on the system type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global railway system industry and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Railway System Market

What is the estimated value of the Global Railway System Market?

The Global Railway System Market was estimated to be valued at $25.8 Billion in 2021.

What is the growth rate of the Global Railway System Market?

The growth rate of the Global Railway System Market is 4.9%, with an estimated value of $34.4 Billion by 2027.

What is the forecasted size of the Global Railway System Market?

The Global Railway System Market is estimated to be worth $34.4 Billion by 2027.

Who are the key companies in the Global Railway System Market?

Key companies in the Global Railway System Market include ABB Ltd., Alstom, American Equipment Company, Bombardier Inc., Calamp Corporation, Construcciones y Auxiliar de Ferrocarriles, CRRC Corporation Limited, Fuji Electric and Hitachi Ltd..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Railway System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Transit Type
6.1 Conventional
6.1.1 Market Trends
6.1.2 Major Types
6.1.2.1 Diesel Locomotive
6.1.2.2 Electric Locomotive
6.1.2.3 Electro-Diesel Locomotive
6.1.2.4 Coaches
6.1.3 Market Forecast
6.2 Rapid
6.2.1 Market Trends
6.2.2 Major Types
6.2.2.1 Diesel Multiple Unit (DMU)
6.2.2.2 Electric Multiple Unit (EMU)
6.2.2.3 Light Rail/ Tram
6.2.3 Market Forecast
7 Market Breakup by System Type
7.1 Auxiliary Power System
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Train Information System
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Propulsion System
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Train Safety System
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 HVAC System
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 On-Board Vehicle Control
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Application
8.1 Freight Transportation
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Passenger Transportation
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Indicators
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ABB Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Alstom
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 American Equipment Company
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Bombardier Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Calamp Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Construcciones y Auxiliar de Ferrocarriles
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 CRRC Corporation Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Fuji Electric
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 General Electric Company
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Hitachi Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Hyundai Rotem Company
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.12 Ingeteam Power Technology
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.13 Medcom
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.14 Mitsubishi Heavy Industries Ltd.
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.14.3 Financials
14.3.14.4 SWOT Analysis
14.3.15 Siemens Aktiengesellschaft
14.3.15.1 Company Overview
14.3.15.2 Product Portfolio
14.3.15.3 Financials
14.3.15.4 SWOT Analysis
14.3.16 Škoda Transportation
14.3.16.1 Company Overview
14.3.16.2 Product Portfolio
14.3.17 Strukton Groep N.V.
14.3.17.1 Company Overview
14.3.17.2 Product Portfolio
14.3.17.3 Financials
List of Figures
Figure 1: Global: Railway System Market: Major Drivers and Challenges
Figure 2: Global: Railway System Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Railway System Market: Breakup by Transit Type (in %), 2021
Figure 4: Global: Railway System Market: Breakup by System Type (in %), 2021
Figure 5: Global: Railway System Market: Breakup by Application (in %), 2021
Figure 6: Global: Railway System Market: Breakup by Region (in %), 2021
Figure 7: Global: Railway System Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Railway System (Conventional) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Railway System (Conventional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Railway System (Rapid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Railway System (Rapid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Railway System (Auxiliary Power System) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Railway System (Auxiliary Power System) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Railway System (Train Information System) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Railway System (Train Information System) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Railway System (Propulsion System) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Railway System (Propulsion System) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Railway System (Train Safety System) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Railway System (Train Safety System) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Railway System (HVAC System) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Railway System (HVAC System) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Railway System (On-Board Vehicle Control) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Railway System (On-Board Vehicle Control) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Railway System (Freight Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Railway System (Freight Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Railway System (Passenger Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Railway System (Passenger Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia Pacific: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia Pacific: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Railway System Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Railway System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Global: Railway System Industry: SWOT Analysis
Figure 77: Global: Railway System Industry: Value Chain Analysis
Figure 78: Global: Railway System Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Railway System Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Railway System Market Forecast: Breakup by Transit Type (in Million US$), 2022-2027
Table 3: Global: Railway System Market Forecast: Breakup by System Type (in Million US$), 2022-2027
Table 4: Global: Railway System Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Railway System Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Railway System Market: Competitive Structure
Table 7: Global: Railway System Market: Key Players

Companies Mentioned

  • ABB Ltd.
  • Alstom
  • American Equipment Company
  • Bombardier Inc.
  • Calamp Corporation
  • Construcciones y Auxiliar de Ferrocarriles
  • CRRC Corporation Limited
  • Fuji Electric
  • General Electric Company
  • Hitachi Ltd.
  • Hyundai Rotem Company
  • Ingeteam Power Technology
  • Medcom
  • Mitsubishi Heavy Industries Ltd.
  • Siemens Aktiengesellschaft
  • Škoda Transportation
  • Strukton Groep N.V.

Methodology

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