Summary

Global Railway Equipment Market stood at USD163.12 billion in 2020 and is forecast to grow at a CAGR of over 6.26% until 2026. Growth in the railway equipment market is driven by increasing investment in intercity high-speed rail lines, a growing number of industrial centers worldwide, and increasing technological innovations in the rail and transit industry. Furthermore, surge in demand for intercity and interurban connectivity, increasing population are anticipated to drive the global railway equipment market in the near future. Global rail sector has an innovative potential to deliver smart solutions which pertain to safety, security, punctuality, availability, accessibility, seamless operation, capacity, connectivity, sustainability, and other performances. The railway equipment industry has become pivotal for economic developments across several countries worldwide. Demand for these has risen amidst the rising volume of transported products and the expansion of the distance covered by logistics vehicles.

Based on product type, the market can be segmented into rolling stock, railway infrastructure and others. Rolling stock dominated the market in 2020 and is expected to maintain its market dominance during the forecast period owing to increasing demand from freight and transportation industry. The hike in the prices of fuel across the globe has shifted the trend of freight transport to rails. Railroads operate in a competitive environment, especially with the trucking industry, and are always seeking ways to improve safety, cost and reliability.
Based on application, the market can be bifurcated into freight wagons, locomotives, DMUs, EMUs and others. Freight wagons dominated the market in 2020 due to the increase in fuel prices globally and the low level of external costs generated by rail freight. Furthermore, rail is the most eco-friendly land transport mode for freight, with much lower carbon dioxide emissions and energy consumption per ton-kilometer than road freight or transport by inland waterways. Rail freight has become an efficient choice for transportation of bulk commodities such as coal, coke, ores, and metal waste and an important mode for the transportation of petroleum products and fertilizers.

Based on sales channel, the market can be bifurcated into after-sales & OEM. After-Sales segment dominated the market in 2020 and is expected to maintain its market dominance during the forecast period owing to the recurring after-market sales and services in the extensive installed base of railway equipment in regions such as Europe and North America.
On the basis of region, Europe held the largest share in Global Railway Equipment Market in 2020 and is expected to maintain the market dominance during the forecast period owing to the constant update of the existing railway vehicles and broad penetration of railway services across the region. However, Asia Pacific is the fastest-growing region for railway equipment market owing to the large scale investments and effective policies by governments in the region.
Some of the major players in the Global Railway Equipment Market include CRRC Corporation Limited, Siemens AG, Alstom SA, Hitachi Ltd., Caterpillar Inc., China Railway Signal & Communication Corporation Ltd., Wabtec Corporation, Knorr-Bremse AG, Stadler Rail and Thales Group.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021E
Forecast Period: 2022F-2026F
Objective of the Study:
• To analyze the historical growth in the market size of Global Railway Equipment Market from 2016 to 2020.
• To estimate and forecast the market size of the Global Railway Equipment Market from 2021 to 2026 and growth rate until 2026.
• To classify and forecast Global Railway Equipment Market based on Product Type, Type, Application, Sales Channel, Company and Region.
• To identify the dominant region or segment in the Global Railway Equipment Market.
• To identify drivers and challenges for Global Railway Equipment Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Railway Equipment Market.
• To conduct pricing analysis for Global Railway Equipment Market.
• To identify and analyze the profile of leading players operating in the Global Railway Equipment Market.
• To identify key sustainable strategies adopted by market players in the Global Railway Equipment Market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of Global Railway Equipment Market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
• Railway Equipment manufacturers, distributors and other stakeholders
• Maintenance and repair companies
• Organizations, forums and alliances related to railway equipment market
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, the Global Railway Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Global Railway Equipment Market, By Product Type:
o Rolling Stock
o Railway Infrastructure
o Others
• Global Railway Equipment Market, By Type:
o Passenger
 Intra city
 Inter city
o Cargo
• Global Railway Equipment Market, By Application:
o Freight Wagons
o Locomotives
o DMUs
o EMUs
o Others
• Global Railway Equipment Market, By Sales Channel:
o After-Sales
o OEM
• Global Railway Equipment Market, By Region:
o Europe
 Russia
 Germany
 France
 United Kingdom
 Spain
o Asia-Pacific
 China
 India
 Japan
 Australia
o North America
 United States
 Canada
 Mexico
o Middle East & Africa
 South Africa
 Iran
 Turkey
 Egypt
o South America
 Argentina
 Brazil
 Colombia
Competitive Landscape:

Company Profiles: Detailed analysis of the major companies present in the Global Railway Equipment Market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).

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Table of Contents

1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Railway Equipment Market
4. Executive Summary
5. Voice of Customer
5.1. Brand Awareness
5.2. Brand Satisfaction
5.3. Customer Satisfaction
6. Global Railway Equipment Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product Type (Rolling Stock, Railway Infrastructure and Others)
6.2.2. By Type (Passenger and Cargo)
6.2.2.1. By Passenger (Intra city, Inter city)
6.2.3. By Application (Freight Wagons, Locomotives, DMUs, EMUs and Others)
6.2.4. By Sales Channel (After-Sales and OEM)
6.2.5. By Region (Europe; Asia-Pacific; North America; Middle East & Africa; South America)
6.2.6. By Company (2020)
6.3. Product Market Map
7. Europe Railway Equipment Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By Type
7.2.2.1. By Passenger
7.2.3. By Application
7.2.4. By Sales Channel
7.2.5. By Country
7.3. Europe Railway Equipment Market Country Analysis
7.3.1. Russia Railway Equipment Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Product Type
7.3.1.2.2. By Type
7.3.1.2.2.1. By Passenger
7.3.1.2.3. By Application
7.3.1.2.4. By Sales Channel
7.3.2. Germany Railway Equipment Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Product Type
7.3.2.2.2. By Type
7.3.2.2.2.1. By Passenger
7.3.2.2.3. By Application
7.3.2.2.4. By Sales Channel
7.3.3. France Railway Equipment Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Product Type
7.3.3.2.2. By Type
7.3.3.2.2.1. By Passenger
7.3.3.2.3. By Application
7.3.3.2.4. By Sales Channel
7.3.4. United Kingdom Railway Equipment Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Product Type
7.3.4.2.2. By Type
7.3.4.2.2.1. By Passenger
7.3.4.2.3. By Application
7.3.4.2.4. By Sales Channel
7.3.5. Spain Railway Equipment Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Product Type
7.3.5.2.2. By Type
7.3.5.2.2.1. By Passenger
7.3.5.2.3. By Application
7.3.5.2.4. By Sales Channel
8. Asia-Pacific Railway Equipment Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By Type
8.2.2.1. By Passenger
8.2.3. By Application
8.2.4. By Sales Channel
8.2.5. By Country
8.3. Asia-Pacific Railway Equipment Market Country Analysis
8.3.1. China Railway Equipment Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Product Type
8.3.1.2.2. By Type
8.3.1.2.2.1. By Passenger
8.3.1.2.3. By Application
8.3.1.2.4. By Sales Channel
8.3.2. India Railway Equipment Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Product Type
8.3.2.2.2. By Type
8.3.2.2.2.1. By Passenger
8.3.2.2.3. By Application
8.3.2.2.4. By Sales Channel
8.3.3. Japan Railway Equipment Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Product Type
8.3.3.2.2. By Type
8.3.3.2.2.1. By Passenger
8.3.3.2.3. By Application
8.3.3.2.4. By Sales Channel
8.3.4. Australia Railway Equipment Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Product Type
8.3.4.2.2. By Type
8.3.4.2.2.1. By Passenger
8.3.4.2.3. By Application
8.3.4.2.4. By Sales Channel
9. North America Railway Equipment Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By Type
9.2.2.1. By Passenger
9.2.3. By Application
9.2.4. By Sales Channel
9.2.5. By Country
9.3. North America Railway Equipment Market Country Analysis
9.3.1. United States Railway Equipment Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Product Type
9.3.1.2.2. By Type
9.3.1.2.2.1. By Passenger
9.3.1.2.3. By Application
9.3.1.2.4. By Sales Channel
9.3.2. Canada Railway Equipment Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Product Type
9.3.2.2.2. By Type
9.3.2.2.2.1. By Passenger
9.3.2.2.3. By Application
9.3.2.2.4. By Sales Channel
9.3.3. Mexico Railway Equipment Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Product Type
9.3.3.2.2. By Type
9.3.3.2.2.1. By Passenger
9.3.3.2.3. By Application
9.3.3.2.4. By Sales Channel
10. Middle East & Africa Railway Equipment Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Product Type
10.2.2. By Type
10.2.2.1. By Passenger
10.2.3. By Application
10.2.4. By Sales Channel
10.2.5. By Country
10.3. Middle East & Africa Railway Equipment Market Country Analysis
10.3.1. South Africa Railway Equipment Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Product Type
10.3.1.2.2. By Type
10.3.1.2.2.1. By Passenger
10.3.1.2.3. By Application
10.3.1.2.4. By Sales Channel
10.3.2. Iran Railway Equipment Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Product Type
10.3.2.2.2. By Type
10.3.2.2.2.1. By Passenger
10.3.2.2.3. By Application
10.3.2.2.4. By Sales Channel
10.3.3. Turkey Railway Equipment Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Product Type
10.3.3.2.2. By Type
10.3.3.2.2.1. By Passenger
10.3.3.2.3. By Application
10.3.3.2.4. By Sales Channel
10.3.4. Egypt Railway Equipment Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Product Type
10.3.4.2.2. By Type
10.3.4.2.2.1. By Passenger
10.3.4.2.3. By Application
10.3.4.2.4. By Sales Channel
11. South America Railway Equipment Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Product Type
11.2.2. By Type
11.2.2.1. By Passenger
11.2.3. By Application
11.2.4. By Sales Channel
11.2.5. By Country
11.3. South America Railway Equipment Market Country Analysis
11.3.1. Argentina Railway Equipment Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Product Type
11.3.1.2.2. By Type
11.3.1.2.2.1. By Passenger
11.3.1.2.3. By Application
11.3.1.2.4. By Sales Channel
11.3.2. Brazil Railway Equipment Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Product Type
11.3.2.2.2. By Type
11.3.2.2.2.1. By Passenger
11.3.2.2.3. By Application
11.3.2.2.4. By Sales Channel
11.3.3. Colombia Railway Equipment Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Product Type
11.3.3.2.2. By Type
11.3.3.2.2.1. By Passenger
11.3.3.2.3. By Application
11.3.3.2.4. By Sales Channel
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Competitive Landscape
14.1. Company Profiles
14.1.1. CRRC Corporation Limited
14.1.2. Siemens AG
14.1.3. Alstom SA
14.1.4. Hitachi Ltd.
14.1.5. Caterpillar Inc.
14.1.6. China Railway Signal & Communication Corporation Ltd.
14.1.7. Wabtec Corporation
14.1.8. Knorr-Bremse AG
14.1.9. Stadler Rail
14.1.10. Thales Group
15. Strategic Recommendations
16. About Us & Disclaimer