Railway Aftermarket Market Report 2026

The railway aftermarket market size has grown strongly in recent years. It will grow from $94.25 billion in 2025 to $100.13 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to aging railway infrastructure, expansion of urban metro networks, growth in rolling stock fleets, increased outsourcing of maintenance services, adoption of scheduled maintenance practices.

The railway aftermarket market size is expected to see strong growth in the next few years. It will grow to $126.53 billion in 2030 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to increasing deployment of ai-driven rail diagnostics, rising investments in smart rail infrastructure, expansion of high-speed rail networks, growing focus on safety compliance upgrades, increasing demand for aftermarket modernization services. Major trends in the forecast period include increasing adoption of predictive maintenance solutions, rising demand for digital spare parts management, expansion of condition-based monitoring systems, growing focus on lifecycle extension services, enhanced integration of iot-enabled rail components.

The growing use of railway transportation is expected to drive the expansion of the railway aftermarket market. Railway transportation involves moving passengers and goods via trains on rail networks, providing efficiency, cost-effectiveness, and connectivity. This rise in railway transportation is largely due to environmental concerns and the increasing demand for efficient and sustainable transportation solutions. Rail transport is seen as an eco-friendly alternative to road and air travel because it generates lower carbon emissions per passenger or ton of freight. The railway aftermarket plays a key role in enhancing railway transportation by ensuring continuous performance, safety, and efficiency. It offers essential services such as maintenance, repair, and the supply of replacement parts, which help maintain trains in optimal working condition and reduce downtime. For example, in October 2024, The Office of Rail and Road (ORR), a UK-based independent safety and economic regulatory body, reported that Great Britain experienced 420 million rail passenger journeys from April to June 2024, a 7% increase compared to the same period in 2023. Thus, the rising use of railway transportation is fueling the growth of the railway aftermarket market.

Companies in the railway aftermarket market are focusing on advanced solutions, such as train maintenance services, to extend the lifespan of railway assets through predictive maintenance and digital diagnostics. A train maintenance service solution integrates predictive, preventive, and corrective strategies to improve railway safety, reliability, and efficiency. It utilizes advanced diagnostics, data analytics, and automation to optimize performance and reduce downtime. For instance, in March 2024, Hitachi Rail Limited, a UK-based rolling stock and railway signaling manufacturer, launched Train Maintenance DX as a Service. This service uses AI-based automatic inspection technology to identify faulty components before they fail and leverages 3D drawings in a vehicle metaverse. The service aims to modernize train maintenance by digitizing paper-based management systems and replacing traditional technical training with digital toolkits that can be easily distributed.

In March 2024, Alstom SA, a France-based provider of traction components and maintenance services, partnered with SLC Rail to introduce a new passenger rail service in the UK. This collaboration aims to provide a direct, open-access passenger train service between London, North Wales, Shropshire, and the Midlands, enhancing connectivity and offering competitive fares without relying on taxpayer subsidies. SLC Rail is a UK-based rail consultancy and project management firm that focuses on rail infrastructure.

Major companies operating in the railway aftermarket market are ZF Friedrichshafen AG, ABB Ltd., Alstom SA, Siemens Mobility GmbH, Wabtec Corporation, Hitachi Rail Limited, Knorr-Bremse AG, Stadler Rail AG, CRRC Corporation Limited, Harsco Rail, Unipart Group Ltd., RailWorks Corporation, Loram Maintenance of Way Inc., Gemco Rail, MERMEC S.p.A., CJSC Transmashholding, Bemo Rail BV, Plasser & Theurer Export von Bahnbaumaschinen GmbH, Linsinger Maschinenbau GmbH, Voestalpine Railway Systems GmbH, Amsted Rail Company Inc., Progress Rail, Vossloh AG, CAF Group.

North America was the largest region in the railway aftermarket market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the railway aftermarket market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the railway aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The railway aftermarket market consists of revenues earned by entities by providing services such as maintenance and repair, spare parts supply, upgrades and modernization, consulting and training, and digital solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The railway aftermarket market includes sales of signaling systems, track infrastructure, and electrical parts. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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