Global Railway System Market Forecast to 2025: Demand for Public Transportation Such as Metros and High-Speed Trains
DUBLIN, May 1, 2019 /PRNewswire/ -- The "Railway System Market by System Type, Transit Type, Application & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global railway system market is estimated to grow at a CAGR of 5.2%, from USD 26.0 billion in 2019 to USD 35.3 billion by 2025
Rising income levels have increased the demand for personal mobility and led to a rise in road traffic in major cities across the globe, which has increased the demand for public transportation such as metros and high-speed trains. The increasing demand for these rolling stocks will fuel the growth of the railway system market. However, refurbishment of existing rolling stock and its capital-intensive nature are inhibiting the growth of the market.
"Freight transportation to grow at a significant rate during the forecast period."
Freight transportation segment is estimated to be the fastest growing segment of the railway system market during the forecast period. The demand for freight transportation is high in the US, China, and Russia. This is because of the increasing replacement of old fleets and the growth of the manufacturing sector in these countries. Custom-made and technologically advanced systems are being introduced in locomotives. The increased mining activities in emerging economies are expected to impact the market for freight transportation positively. The growth of freight transportation is expected to propel the railway system market consequently.
"The propulsion system segment is estimated to be the largest market, in terms of value."
The propulsion system segment is estimated to hold the largest market share. The propulsion system is a standard component in railways. Several countries in Europe, Asia Pacific, and the Middle East have introduced various rail projects to encourage mass rapid transit. The market for propulsion systems is expected to grow in line with the increased demand for rail transit systems. Moreover, the increasing number of hybrid propulsion systems and battery-operated propulsion systems will propel the overall market for propulsion systems.
"Asia Pacific is estimated to be the fastest growing railway system market during the forecast period."
The Asia Pacific railway system market is estimated to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific region is due to increased production and capacity expansions by rolling stock manufacturers. This is to cope with rising consumer demand and comply with fuel-efficiency norms and regulations. In April 2018, CRRC, China's leading rolling stock manufacturer, bagged a deal to supply 200 train cars to Argentina.
Key Topics Covered:
1 Railway System Market Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
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
6.1 Technological Overview
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 Maintainance
6.1.6 Autonomous Train
6.1.7 High-Speed Trains
6.1.8 Camera System for Trains
6.2 Macro indicator 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 Macro indicators 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
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
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
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
11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis
11.3 Competitive Scenario
11.4 Competitive Leadership Mapping
12 Company Profiles
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
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