Product Code: A05987
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.
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
- 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:INTRODUCTION
- 1.1.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