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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
[139 Pages Report] Railway System Market report categorizes the global market by System Type (Auxiliary Power, HVAC, Propulsion, On-board Vehicle Control, Train Information & Train Safety), Transit Type (Conventional & Rapid), Application (Passenger & Freight Transportation) and Region.
Railway System Market -Insights and Briefing | Industry Report Analysis 2025
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.
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 eco-friendly 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, the majority of these transit vehicles have HVAC systems as well.
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The 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.
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.
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).
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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?
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 Email: [email protected]
Railway System Market Shares, Strategies and Forecast Worldwide, 2019 to 2025
According to the new market research report "Railway System Market by System Type (Auxiliary Power, HVAC, Propulsion, Onboard Vehicle Control, Train Information & Train Safety), Transit Type (Conventional & Rapid), Application (Passenger & Freight Transportation), & Region- Global Forecast to 2025" published by MarketsandMarkets™, The global 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%. The growing demand for public transport and increasing need for energy efficient transport are some of the key drivers for the growth of this market.
Browse and in-depth TOC on "Railway System Market"
38 - Tables 48 - Figures 139 - Pages
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Europe to be the largest railway system market
The European railway system market is estimated to be the largest in 2019. The EU represents the biggest absolute market for rail products and services, with the railway system segment representing the largest part of this market. The demand for rail vehicles in this region is triggered by the growing population of urban areas, where the existing transportation infrastructure is insufficient. The expansion of these networks is expected to drive the demand for new vehicles, which, in turn, will fuel the railway system market.
Passenger transportation, by application, is estimated to hold the largest market share during the forecast period
The major passenger transportation markets include countries such as Japan, India, China, and European countries. The increase in rapid transit systems equipped with advanced train information system, auxiliary power units, and onboard vehicle control is driving railway system market. Moreover, to provide safety systems, the rolling stock vendors are introducing cameras, video recorders, passenger information displays, and public address system. The increase in these functions will boost the passenger transportation segment of the railway system market.
A train information system is estimated to be the fastest growing segment, by system type, during the forecast period
The train information system market is estimated to be the fastest growing segment. A train information system is a communication system that provides information to passengers and enables two-way communication between passengers and operators. These communication systems are used in connected rails and high-speed trains for their efficient functioning.
The growing demand for connected and high-speed trains is propelling the demand for train information systems. Moreover, the advent of autonomous trains will act as a catalyst in the growth of the train information system market in the future.
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The report analyzes all major players in the railway system market including CRRC (China), Siemens (Germany), Bombardier (Canada), Alstom (France), and ABB (Switzerland).
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About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 Email: [email protected]
