Railway System Market

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

Report Code: AT 7019 Apr, 2019, by marketsandmarkets.com

[139 Pages Report] The railway system market is estimated to be USD 26.0 billion in 2019 and projected to reach USD 35.3 billion by 2025, at a CAGR of 5.2%. Increase in user preference for public transportation is projected to drive the market.

Railway System Market

The rapid transit segment is expected to be the largest contributor to the railway system market, by transit type, during the forecast period.

The current limitations of transport infrastructure in developed as well as developing economies have fueled the development for new and existing rail lines. Increasing traffic and growing population in urban areas have boosted the demand for ecofriendly transit options from commuters and governments. In metropolises, expansion of existing urban transit networks has generated demand for new vehicles which is fueling the demand for rapid transit. The vehicle fleet is larger in developed countries of Western Europe, while demand is expected to be higher in emerging economies such as China, Brazil, and India, where new infrastructure projects are being launched. These rapid transit vehicles are modern vehicles equipped with advanced safety and information systems. Moreover, majority of these transit vehicles have HVAC systems as well.

Freight transportation is expected to be the fastest growing segment in the railway system market, by application, during the forecast period.

The freight transportation segment is expected to be the fastest growing market during the forecast period. The main factors driving the market include globalization and rapid changes in the rolling stock manufacturing industry. Moreover, increasing cargo turnover between China and Europe is fueling the market.

Railway System Market

Train safety system is expected to be the second fastest growing market, by system type, during the forecast period.

The train safety system is expected to be the second fastest growing segment of the railway system market during the forecast period. To achieve high levels of safety and security in rail, governments from different regions have introduced laws on improving the safety factors of railways which is driving the train safety system market.

The key players in the market are CRRC (China), Bombardier (Canada), Alstom (France), ABB (Switzerland), Siemens (Germany), General Electric (US), Hyundai Rotem (South Korea), Mitsubishi Heavy Industries (Japan), and Toshiba (Japan). CRRC is anticipated to be a dominant player in the market. CRRC adopted the strategies of new product development, partnership, and mergers & acquisitions to retain its leading position in the market. The company strengthened its product portfolio and increased its global presence by building customer relationships. It has also increased its presence in emerging markets such as India.

Scope of the Report

Report Metric

Details

 

Market Size Available for Years

 

2017–2025

Base Year Considered

2018

Forecast Period

2019–2025

Forecast Units

Value (USD million)

Segments Covered

Application, System Type, Transit Type, and Region

Geographies Covered

Asia Pacific, Europe, North America, and RoW

Companies Covered

Bombardier (Canada), Alstom (France), Siemens (Germany), Hyundai Rotem (South Korea), General Electric (US), CRRC (China)
Total 20 major players covered

This research report categorizes the railway system market on the basis of application, transit type, system type, and region.

Railway System Market, by Application

  • Passenger Transportation
  • Freight Transportation

Market, by Transit Type

  • Conventional
  • Rapid

Market, by System Type

  • Auxiliary Power System
  • HVAC
  • Propulsion System
  • Onboard Vehicle Control
  • Train Information System
  • Train Safety System

Market, by Region

  • North America
  • Europe
  • Asia Pacific
  • RoW

Recent Developments

  • In February 2019, ABB received its largest traction equipment order in India, worth more than USD 42 million to supply state-of-the-art converters for electric locomotives from Diesel Locomotive Works (DLW), Varanasi. The converters are custom designed for Indian Railways and will be manufactured at one of ABB’s largest factories for locomotive applications in Nelamangala, near Bengaluru.
  • In January 2019, Wabtec and GE Transportation merged, creating a global leader for rail equipment, services, and software. Wabtec Corporation entered into a definitive agreement to combine with GE Transportation, a unit of General Electric Company. This move by the company boosted its presence in more than 50 countries.

Key questions addressed in the report

  • Where will all the development in the field of railway systems take the railway industry in the mid- to long-term?
  • How will the increasing adoption of high-speed trains and government safety norms impact the railway system market?
  • What are the new application areas of railway systems?
  • Which are the key players in the market and how intense is the competition?
  • How will the advent of autonomous and connected trains impact the market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst


Table of Contents

1 Railway System Market Introduction (Page No. - 15)
    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 (Page No. - 19)
    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 (Page No. - 27)

4 Premium Insights (Page No. - 33)
    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 (Page No. - 38)
    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 (Page No. - 44)
    6.1 Technological Ovrview
           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 Mainteinance
           6.1.6 Autonomous Train
           6.1.7 High Speed Trains
           6.1.8 Camera System for Trains
    6.2 Macroindicator 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 Macroindicators 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 (Page No. - 53)
    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 (Page No. - 59)
    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 (Page No. - 67)
    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 (Page No. - 72)
     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 (Page No. - 89)
     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 (Page No. - 98)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM 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, MnM View Might Not Be Captured in Case of Unlisted Companies. 

13 Appendix (Page No. - 132)
     13.1 Key Industry Insights
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details

List of Tables (38 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 (48 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: Comapany 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

    The study involves four main activities to estimate the current size of the railway system market. Exhaustive secondary research was done to collect information on the market such as the use of various systems in various applications and transit types. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. A top-down approach was employed to estimate the complete market size of different segments considered in this study.

    Secondary Research

    The secondary sources referred to in this research study include railway industry organizations such as the Association of the European Rail Industry (UNIFE), American Railway Association (ARA); corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by multiple industry experts.

    Primary Research

    Extensive primary research was conducted after acquiring an understanding of the scenario of the railway system market through secondary research. Several primary interviews were conducted with market experts from both, demand-side (in terms of component supply, country-level government associations, and trade associations) and supply-side (OEMs and component manufacturers) across 4 major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). Primary data was collected through questionnaires, emails, and telephonic interviews. In our canvassing of primaries, we strived to cover various departments within organizations, which included sales, operations, and administration, to provide a holistic viewpoint of the railway system market in our report.

    After interacting with the industry participants, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the opinions of the in-house subject-matter experts, led us to the findings as described in this report.

    Railway System Market

    To know about the assumptions considered for the study, download the pdf brochure

    Market Size Estimation

    The Railway System market, by application, has been calculated using the top-down approach. Extensive secondary and primary researches have been carried out to understand the global market scenario for the applications of railway systems. Several primary interviews were conducted with key opinion leaders involved in the development of the market including OEMs and Tier I companies. Various qualitative aspects such as drivers, restraints, opportunities, and challenges influencing the growth of the market were taken into consideration while calculating and forecasting the size of the market.

    Data Triangulation

    After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The data was triangulated by studying various factors and trends in the demand and supply sides of the market.

    Report Objectives

    • To define, segment, and forecast the railway system market, in terms of value, during the forecast period
    • To provide a detailed analysis of various factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
    • To segment and forecast the size of the market based on system type, application, transit type, and region
    • To forecast the size of the market for 4 regions, namely, Asia Pacific, Europe, North America, and Rest of the World (RoW)
    • To segment and forecast the size of the market, in terms of value, based on transit type (conventional and rapid)
    • To segment and forecast the size of the market, in terms of value, based on system type (auxiliary power system, HVAC, propulsion system, onboard vehicle control, train information system, and train safety system)
    • To segment and forecast the size of the railway system market, in terms of value, based on application (passenger transportation and freight transportation)
    • To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by the key players in the market

    Available Customizations

    With the given market data, MarketsandMarkets offers customizations in accordance with company-specific needs.

    The following customization options are available for the report:

    Additional Company Profiles

    • Business Overview
    • SWOT Analysis
    • Recent Developments
    • MnM View

    Detailed analysis of the market, by system type

    Detailed analysis of the market, by transit type

    Report Code
    AT 7019
    Published ON
    Apr, 2019
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