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Railway System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

February 2023 | 143 pages | ID: RF0160295C60EN
IMARC Group

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The global railway system market size reached US$ 27.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.

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.

Railway System Market Trends:
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:
IMARC Group provides an analysis of the key trends in each sub-segment of the global railway system market report, along with forecasts at the global, regional and country level from 2023-2028. 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, Љkoda 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?
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 Љkoda 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 TABLES

Table 1: Global: Railway System Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Railway System Market Forecast: Breakup by Transit Type (in Million US$), 2023-2028
Table 3: Global: Railway System Market Forecast: Breakup by System Type (in Million US$), 2023-2028
Table 4: Global: Railway System Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Railway System Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Railway System Market: Competitive Structure
Table 7: Global: Railway System Market: Key Players

LIST OF FIGURES

Figure 1: Global: Railway System Market: Major Drivers and Challenges
Figure 2: Global: Railway System Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Railway System Market: Breakup by Transit Type (in %), 2022
Figure 4: Global: Railway System Market: Breakup by System Type (in %), 2022
Figure 5: Global: Railway System Market: Breakup by Application (in %), 2022
Figure 6: Global: Railway System Market: Breakup by Region (in %), 2022
Figure 7: Global: Railway System Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Railway System (Conventional) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Railway System (Conventional) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Railway System (Rapid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Railway System (Rapid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Railway System (Auxiliary Power System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Railway System (Auxiliary Power System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Railway System (Train Information System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Railway System (Train Information System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Railway System (Propulsion System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Railway System (Propulsion System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Railway System (Train Safety System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Railway System (Train Safety System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Railway System (HVAC System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Railway System (HVAC System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Railway System (On-Board Vehicle Control) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Railway System (On-Board Vehicle Control) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Railway System (Freight Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Railway System (Freight Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Railway System (Passenger Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Railway System (Passenger Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia Pacific: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia Pacific: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Railway System Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Railway System Market Forecast: Sales Value (in Million US$), 2023-2028
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


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