Railway System Market by System Type (Auxiliary Power, HVAC, Propulsion, On-board Vehicle Control, Train Information & Train Safety), Transit Type, Application (Passenger & Freight Transportation), & Region - Global Forecast to 2027

Abstract
The global railway system market is estimated to grow at a CAGR of 4.2%, from USD 25.1 billion in 2022 to USD 30.9 billion by 2027. High-speed trains are premium trains equipped with advanced features and connectivity solutions such as advanced electronic train control systems, video surveillance, passenger information display, and network video recorders. The adoption of these systems in high-speed trains will drive the market for railway systems. Thus, the increasing network of high-speed rail in emerging countries, as well as developed countries, provides an opportunity for the growth of the railway system market.

The world railway market has grown significantly in the last decade. Globally, the railway industry has witnessed incremental growth in the recent past. Several countries in Europe, Asia Pacific, and the Middle East have introduced high-speed rail projects to encourage rapid mass transit. The government authorities of countries such as France, Germany, China, India, and Saudi Arabia are pushing the growth of rail infrastructure to ease the increasing stress on current transportation. This development of the rail market and railway infrastructure will directly foster the growth of the railway system market

“Europe is expected to be the largest Railway system market for Passenger Train transportation during the forecast period.”

Most European rails are equipped with high-end technologies that include wireless radio connection, wireless data transmission, eco-friendly cars, and comfort features. However, the adoption of high-end technologies is lower in Eastern Europe compared to Western Europe countries such as the UK, Germany, France, and Spain. This offers railway system vendors an opportunity to increase their presence in Eastern Europe. The EU Railway’s target is to build 31,000 km of high-speed rail track by 2030. Furthermore, projects such as the European Rail Research Advisory Council (ERRAC), FP7 projects, Horizon 2020, and SHIFT2RAIL will boost the growth of the European railway system market.

“The train information system is expected to grow at a significant rate for the forecasted year.”

Train Information System (TIS) is a communication system used for providing information to passengers and enables two-way communication between passengers and operators. It is an electronically operated device that provides visual and acoustic information about the route, which is operated automatically and programmed manually. TIS can provide real-time tracking, route information on the go, travel planning, real-time arrival prediction systems, online connectivity solution. The onboard resources needed to host a variety of applications, including entertainment, passenger information, and passenger counting, are provided through edge computing (decentralized data management). 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.

“Japan is estimated to have significant market share in railway system market during the forecast period.”

Japan is a technology leader in the railway system market. The country is continuously investing in the development of innovative technologies in the railway system market. The Japanese railway system market is primarily driven by Shinkansen trains (high-speed trains). These trains are equipped with advanced systems for their operations. Japanese manufacturers offer one of the best train safety and train information systems. For instance, Toshiba provides train information control systems that incorporate extremely dependable CPUs and fast transmission technologies. These systems functionally combine high efficiency rolling stock equipment control, secure operation, and adequate passenger notification services. Furthermore, Toshiba offers integrated systems that communicate between rolling stock and the ground to provide information about operation and maintenance.

The study contains insights from various industry experts, ranging from component suppliers to tier I companies and OEMs.

The break-up of the primaries is as follows:
•By Company Type: Tier I: 27%, Tier II: 27%, OEM: 46%
•By Designation: C level: 32%, D level: 38%, Others: 30%
•By Region: Asia Pacific: 50%, Europe: 27%, North America: 15%, Rest of the World: 8%

Major players profiled in the report are:
•CRRC (China)
•Alstom (France)
•ABB (Switzerland)
•Siemens (Germany)
•Thermo King (US)
•Knorr Bremse (Germany)
•Hyundai Rotem (South Korea)
•Mitsubishi Heavy Industries (Japan)
•Toshiba (Japan)
•Hitachi (South Korea)

Research Coverage:
The report segments the railway system market, by value, on the basis of region (Asia Pacific, Europe, North America, and the Rest of the World), application (passenger transportation and freight transportation), system type (auxiliary power system, HVAC, propulsion system, onboard vehicle control, train information system, train safety system), and transit type (conventional and rapid). The report contains various levels of analysis, including industry analysis, industry trends, and company profiles, which together comprise and discuss the basic views on the emerging and high-growth segments of the railway system market, high-growth regions and countries, government initiatives, and market dynamics such as drivers, restraints, opportunities, and challenges.

Reasons to Buy the Report:
•The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall railway system market and its subsegments.
•This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
•The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

Content
Table of Contents

1INTRODUCTION21
1.1STUDY OBJECTIVES21
1.2MARKET DEFINITION21
1.3MARKET SCOPE24
1.3.1MARKETS COVERED24
FIGURE 1RAILWAY SYSTEM MARKET SEGMENTATION24
1.3.2YEARS CONSIDERED24
1.4CURRENCY CONSIDERED25
TABLE 1CURRENCY EXCHANGE RATES (WRT USD)25
1.5STAKEHOLDERS25
1.6SUMMARY OF CHANGES26
2RESEARCH METHODOLOGY27
2.1RESEARCH DATA27
FIGURE 2RAILWAY SYSTEM MARKET: RESEARCH DESIGN27
FIGURE 3RESEARCH METHODOLOGY MODEL28
2.2SECONDARY DATA28
2.2.1KEY SECONDARY SOURCES29
2.2.2KEY DATA FROM SECONDARY SOURCES30
2.3PRIMARY DATA30
FIGURE 4BREAKDOWN OF PRIMARY INTERVIEWS31
2.3.1PRIMARY PARTICIPANTS31
2.4MARKET ESTIMATION METHODOLOGY32
FIGURE 5RESEARCH METHODOLOGY: HYPOTHESIS BUILDING32
2.5MARKET BREAKDOWN AND DATA TRIANGULATION33
FIGURE 6DATA TRIANGULATION33
2.6MARKET SIZE ESTIMATION34
2.6.1TOP-DOWN APPROACH34
FIGURE 7RAILWAY SYSTEM MARKET: TOP-DOWN APPROACH34
2.7FACTOR ANALYSIS34
FIGURE 8FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES35
2.8ASSUMPTIONS35
2.9LIMITATIONS36
3EXECUTIVE SUMMARY37
FIGURE 9RAILWAY SYSTEM MARKET OVERVIEW38
FIGURE 10RAILWAY SYSTEM MARKET, BY REGION, 2022–202739
FIGURE 11RAILWAY SYSTEM MARKET, BY TRANSIT, 2022 VS. 2027 (USD MILLION)40
FIGURE 12KEY PLAYERS OPERATING IN RAILWAY SYSTEM MARKET, BY REGION41
4PREMIUM INSIGHTS42
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN RAILWAY SYSTEM MARKET42
FIGURE 13INCREASING PREFERENCE FOR RAIL-BASED PUBLIC TRANSPORT TO DRIVE MARKET42
4.2RAILWAY SYSTEM MARKET SHARE, BY REGION43
FIGURE 14EUROPE IS ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF RAILWAY SYSTEM MARKET IN 202243
4.3RAILWAY SYSTEM MARKET, BY TRANSIT43
FIGURE 15RAPID TRANSIT SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD43
4.4RAILWAY SYSTEM MARKET, BY APPLICATION44
FIGURE 16PASSENGER TRANSPORTATION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD44
4.5RAILWAY SYSTEM MARKET, BY SYSTEM44
FIGURE 17TRAIN INFORMATION SYSTEMS TO DOMINATE FROM 2022 TO 202744
5MARKET OVERVIEW45
5.1INTRODUCTION45
5.2MARKET DYNAMICS46
FIGURE 18RAILWAY SYSTEM MARKET: MARKET DYNAMICS46
5.2.1DRIVERS47
5.2.1.1Increasing preference for public rail transport to reduce traffic congestion47
FIGURE 19DRIVING TIME SPENT IN TRAFFIC CONGESTION, 202047
FIGURE 20DRIVING TIME SPENT IN TRAFFIC CONGESTION IN US, BY CITY, 202148
5.2.1.2Growing demand for energy-efficient transport48
FIGURE 21GLOBAL CO2 EMISSIONS FROM DIFFERENT TRANSPORT SEGMENTS, 2000-203049
5.2.1.3Increasing penetration of EMUs50
FIGURE 22ENERGY DEMAND IN GLOBAL RAILWAY INDUSTRY, 2017-205050
FIGURE 23ENERGY DEMAND IN GLOBAL RAILWAY INDUSTRY, 2017-205051
5.2.1.4Refurbishment of existing rolling stock51
5.2.2RESTRAINTS52
5.2.2.1Capital-intensive and high development complexities52
5.2.3OPPORTUNITIES52
5.2.3.1Increasing railway projects across the globe52
TABLE 2SOME LATEST RAILWAY PROJECTS AND THEIR COST53
5.2.3.2Government support for alternative fuel-powered railway operations53
5.2.3.3Inclination of emerging countries toward high-speed rail for rapid transit53
FIGURE 24WORLD’S LONGEST HIGH-SPEED RAIL NETWORKS54
5.2.3.4Increase in use of railways for industrial and mining activities54
TABLE 3DIFFERENT MODES OF FREIGHT TRANSPORTATION55
5.2.4CHALLENGES56
5.2.4.1High overhaul and maintenance costs56
5.2.5IMPACT OF MARKET DYNAMICS56
TABLE 4RAILWAY SYSTEM MARKET: IMPACT OF MARKET DYNAMICS56
5.3PORTER’S FIVE FORCES57
TABLE 5IMPACT OF PORTER’S FIVE FORCES ON RAILWAY SYSTEM MARKET57
FIGURE 25PORTER’S FIVE FORCES: RAILWAY SYSTEM MARKET57
5.3.1INTENSITY OF COMPETITIVE RIVALRY58
5.3.2THREAT OF SUBSTITUTES58
5.3.3BARGAINING POWER OF BUYERS58
5.3.4BARGAINING POWER OF SUPPLIERS58
5.3.5THREAT OF NEW ENTRANTS59
5.4TRENDS IMPACTING CUSTOMER BUSINESS59
FIGURE 26TRENDS IMPACTING CUSTOMER BUSINESS IN RAILWAY SYSTEM MARKET59
5.5PATENT ANALYSIS60
5.5.1INTRODUCTION60
FIGURE 27PATENT TREND, 2011–202160
5.5.2LEGAL STATUS OF PATENTS60
FIGURE 28LEGAL STATUS OF PATENTS FILED FOR RAILWAY SYSTEMS60
5.5.3TOP PATENT APPLICANTS61
FIGURE 29RAILWAY SYSTEM PATENTS61
TABLE 6PATENT ANALYSIS: RAILWAY SYSTEM MARKET (ACTIVE PATENTS)61
5.6CASE STUDY ANALYSIS66
TABLE 7EXCAVATION OF BIG ANALOG DATA VALUE: COMPACTRIO & NI INSIGHTCM66
5.6.1GOLINC-M MODULES67
5.7TRADE ANALYSIS67
FIGURE 30IMPORT OF RAILWAY SYSTEMS, KEY COUNTRIES (2017-2021), USD MILLION67
FIGURE 31EXPORT OF RAILWAY SYSTEMS, KEY COUNTRIES, (2017-2021), USD MILLION68
5.8KEY CONFERENCES & EVENTS, 2022–202368
TABLE 8RAILWAY SYSTEM MARKET: LIST OF CONFERENCES & EVENTS68
5.9TARIFF AND REGULATORY LANDSCAPE69
5.9.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS69
TABLE 9NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS69
TABLE 10EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS70
TABLE 11ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
TABLE 12REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS72
5.10MACROINDICATOR ANALYSIS72
5.10.1GROWTH OF RAILWAY SYSTEM MARKET72
5.10.2GDP (USD BILLION)72
5.10.3GNI PER CAPITA, ATLAS METHOD (USD)72
5.10.4GDP PER CAPITA PPP (USD)73
5.10.5MACROINDICATORS INFLUENCING RAILWAY SYSTEM MARKET, TOP THREE COUNTRIES73
5.10.5.1Germany73
5.10.5.2US74
5.10.5.3China74
5.11ECOSYSTEM ANALYSIS75
FIGURE 32RAILWAY SYSTEM MARKET: ECOSYSTEM ANALYSIS75
TABLE 13ROLE OF COMPANIES IN RAILWAY SYSTEM ECOSYSTEM75
5.12TECHNOLOGY ANALYSIS76
5.12.1INTRODUCTION76
5.12.2REGENERATIVE BRAKING IN TRAINS77
5.12.3AUTONOMOUS TRAINS77
5.13RAILWAY SYSTEM MARKET, SCENARIOS (2022–2027)77
FIGURE 33FUTURE TRENDS & SCENARIOS: RAILWAY SYSTEM MARKET, 2022–2027 (USD MILLION)78
5.13.1MOST LIKELY SCENARIO78
TABLE 14MOST LIKELY SCENARIO: RAILWAY SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)78
5.13.2OPTIMISTIC SCENARIO79
TABLE 15OPTIMISTIC SCENARIO: RAILWAY SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)79
5.13.3PESSIMISTIC SCENARIO79
TABLE 16PESSIMISTIC SCENARIO: EV TEST EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)79
6RAILWAY SYSTEM MARKET, BY TRANSIT80
6.1INTRODUCTION81
FIGURE 34RAILWAY SYSTEM MARKET, BY TRANSIT, 2022 VS. 2027 (USD MILLION)82
TABLE 17RAILWAY SYSTEM MARKET, BY TRANSIT, 2018–2021 (USD MILLION)82
TABLE 18RAILWAY SYSTEM MARKET, BY TRANSIT, 2022–2027 (USD MILLION)82
6.2OPERATIONAL DATA83
TABLE 19RAILWAY SYSTEM OFFERINGS, BY COMPANY83
6.2.1ASSUMPTIONS83
TABLE 20ASSUMPTIONS: BY TRANSIT83
6.2.2RESEARCH METHODOLOGY84
6.3CONVENTIONAL84
6.3.1GROWING TREND OF ELECTRIFICATION84
6.3.2DIESEL LOCOMOTIVES84
6.3.3ELECTRIC LOCOMOTIVES84
6.3.4ELECTRO-DIESEL LOCOMOTIVES85
6.3.5COACHES85
TABLE 21CONVENTIONAL TRANSIT: RAILWAY SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)85
TABLE 22CONVENTIONAL TRANSIT: RAILWAY SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)85
6.4RAPID86
6.4.1INCREASING INVESTMENTS BY EMERGING COUNTRIES IN METRO PROJECTS86
6.4.2DIESEL MULTIPLE UNIT (DMU)86
6.4.3ELECTRIC MULTIPLE UNIT (EMU)86
6.4.4LIGHT RAIL/TRAM86
6.4.5METRO/SUBWAYS86
TABLE 23RAPID TRANSIT: RAILWAY SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)87
TABLE 24RAPID TRANSIT: RAILWAY SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)87
7RAILWAY SYSTEM MARKET, BY SYSTEM88
7.1INTRODUCTION89
FIGURE 35RAILWAY SYSTEM MARKET, BY SYSTEM, 2022 VS. 2027 (USD MILLION)89
TABLE 25RAILWAY SYSTEM MARKET, BY SYSTEM, 2018–2021 (USD MILLION)90
TABLE 26RAILWAY SYSTEM MARKET, BY SYSTEM, 2022–2027 (USD MILLION)90
7.2OPERATIONAL DATA91
TABLE 27RAILWAY SYSTEM MARKET, BY SYSTEM91
7.2.1ASSUMPTIONS91
TABLE 28ASSUMPTIONS: BY SYSTEM91
7.2.2RESEARCH METHODOLOGY91
7.3PROPULSION SYSTEM92
7.3.1GROWING DEMAND FOR HYBRID AND BATTERY-OPERATED TRAINS92
TABLE 29PROPULSION SYSTEM: RAILWAY SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)92
TABLE 30PROPULSION SYSTEM: RAILWAY SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)92
7.4AUXILIARY POWER SYSTEM93
7.4.1NEED FOR MODERN, LIGHTWEIGHT AUXILIARY POWER SYSTEMS93
TABLE 31AUXILIARY POWER SYSTEM: RAILWAY SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)93
TABLE 32AUXILIARY POWER SYSTEM: RAILWAY SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)93
7.5TRAIN INFORMATION SYSTEM94
7.5.1INTEGRATION OF IT AND EDGE COMPUTING94
TABLE 33TRAIN INFORMATION SYSTEM: RAILWAY SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)94
TABLE 34TRAIN INFORMATION SYSTEM: RAILWAY SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)94
7.6TRAIN SAFETY SYSTEM95
7.6.1FOR SAFE AND COMFORTABLE PASSENGER TRANSPORT95
TABLE 35TRAIN SAFETY SYSTEM: RAILWAY SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)96
TABLE 36TRAIN SAFETY SYSTEM: RAILWAY SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)96
7.7HVAC SYSTEM96
7.7.1REQUIRED TO REDUCE DEGREE OF INFECTIONS POST-COVID-1996
TABLE 37HVAC SYSTEM: RAILWAY SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)97
TABLE 38HVAC SYSTEM: RAILWAY SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)97
7.8ON-BOARD VEHICLE CONTROL98
7.8.1TECHNOLOGY COLLABORATIONS LEAD TO ADVANCEMENTS98
TABLE 39ON-BOARD VEHICLE CONTROL SYSTEM: RAILWAY SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)98
TABLE 40ON-BOARD VEHICLE CONTROL SYSTEM: RAILWAY SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)99
8RAILWAY SYSTEM MARKET, BY APPLICATION100
8.1INTRODUCTION101
FIGURE 36RAILWAY SYSTEM MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION)101
TABLE 41RAILWAY SYSTEM MARKET, BY APPLICATION, 2018–2021 (USD MILLION)102
TABLE 42RAILWAY SYSTEM MARKET, BY APPLICATION, 2022–2027 (USD MILLION)102
8.1.1OPERATIONAL DATA102
FIGURE 37FREIGHT TRANSPORTATION SERVICES INDEX, DECEMBER 2018 – DECEMBER 2021102
8.1.2ASSUMPTIONS103
TABLE 43ASSUMPTIONS: BY APPLICATION103
8.1.3RESEARCH METHODOLOGY103
8.2FREIGHT TRANSPORTATION103
8.2.1GROWING MINING AND INDUSTRIAL ACTIVITIES103
TABLE 44FREIGHT TRANSPORTATION: RAILWAY SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)104
TABLE 45FREIGHT TRANSPORTATION: RAILWAY SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)104
8.3PASSENGER TRANSPORTATION104
8.3.1RAPID URBANIZATION EXPECTED TO FUEL SEGMENT104
TABLE 46PASSENGER TRANSPORTATION: RAILWAY SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)105
TABLE 47PASSENGER TRANSPORTATION: RAILWAY SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)105
9RAILWAY SYSTEM MARKET, BY REGION106
9.1INTRODUCTION107
FIGURE 38RAILWAY SYSTEM MARKET, BY REGION, 2022–2027107
TABLE 48RAILWAY SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)108
TABLE 49RAILWAY SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)108
9.2ASIA PACIFIC108
FIGURE 39ASIA PACIFIC: RAILWAY SYSTEM MARKET SNAPSHOT110
TABLE 50ASIA PACIFIC: RAILWAY SYSTEM MARKET, BY COUNTRY, 2018–2021 (USD MILLION)110
TABLE 51ASIA PACIFIC: RAILWAY SYSTEM MARKET, BY COUNTRY, 2022–2027 (USD MILLION)111
9.2.1CHINA111
9.2.1.1High investments in railway infrastructure111
TABLE 52CHINA: RAILWAY SYSTEM MARKET, BY TRANSIT, 2018–2021 (USD MILLION)111
TABLE 53CHINA: RAILWAY SYSTEM MARKET, BY TRANSIT, 2022–2027 (USD MILLION)112
9.2.2INDIA112
9.2.2.1Upcoming railway projects112
TABLE 54INDIA: RAILWAY SYSTEM MARKET, BY TRANSIT, 2018–2021 (USD MILLION)112
TABLE 55INDIA: RAILWAY SYSTEM MARKET, BY TRANSIT, 2022–2027 (USD MILLION)112
9.2.3JAPAN113
9.2.3.1Technological advancements in high-speed trains113
TABLE 56JAPAN: RAILWAY SYSTEM MARKET, BY TRANSIT, 2018–2021 (USD MILLION)113
TABLE 57JAPAN: RAILWAY SYSTEM MARKET, BY TRANSIT, 2022–2027 (USD MILLION)113
9.2.4SOUTH KOREA114
9.2.4.1Expansion of urban rail networks114
TABLE 58SOUTH KOREA: RAILWAY SYSTEM MARKET, BY TRANSIT, 2018–2021 (USD MILLION)114
TABLE 59SOUTH KOREA: RAILWAY SYSTEM MARKET, BY TRANSIT, 2022–2027 (USD MILLION)114
9.3EUROPE114
FIGURE 40EUROPE: RAILWAY SYSTEM MARKET, BY COUNTRY, 2022 VS. 2027115
TABLE 60EUROPE: RAILWAY SYSTEM MARKET, BY COUNTRY, 2018–2021 (USD MILLION)115
TABLE 61EUROPE: RAILWAY SYSTEM MARKET, BY COUNTRY, 2022–2027 (USD MILLION)116
9.3.1FRANCE116
9.3.1.1Increasing adoption of light rails/trams116
TABLE 62FRANCE: RAILWAY SYSTEM MARKET, BY TRANSIT, 2018–2021 (USD MILLION)116
TABLE 63FRANCE: RAILWAY SYSTEM MARKET, BY TRANSIT, 2022–2027 (USD MILLION)117
9.3.2GERMANY117
9.3.2.1High investments in digital technologies117
TABLE 64GERMANY: RAILWAY SYSTEM MARKET, BY TRANSIT, 2018–2021 (USD MILLION)117
TABLE 65GERMANY: RAILWAY SYSTEM MARKET, BY TRANSIT, 2022–2027 (USD MILLION)117
9.3.3ITALY118
9.3.3.1Ambitious investment programs for rapid transit118
TABLE 66ITALY: RAILWAY SYSTEM MARKET, BY TRANSIT, 2018–2021 (USD MILLION)118
TABLE 67ITALY: RAILWAY SYSTEM MARKET, BY TRANSIT, 2022–2027 (USD MILLION)118
9.3.4RUSSIA119
9.3.4.1Government initiatives to promote public transport119
TABLE 68RUSSIA: RAILWAY SYSTEM MARKET, BY TRANSIT, 2018–2021 (USD MILLION)119
TABLE 69RUSSIA: RAILWAY SYSTEM MARKET, BY TRANSIT, 2022–2027 (USD MILLION)119
9.3.5SPAIN120
9.3.5.1Investments in high-speed trains120
TABLE 70SPAIN: RAILWAY SYSTEM MARKET, BY TRANSIT, 2018–2021 (USD MILLION)120
TABLE 71SPAIN: RAILWAY SYSTEM MARKET, BY TRANSIT, 2022–2027 (USD MILLION)120
9.3.6UK120
9.3.6.1Upcoming projects and government funding120
TABLE 72UK: RAILWAY SYSTEM MARKET, BY TRANSIT, 2018–2021 (USD MILLION)121
TABLE 73UK: RAILWAY SYSTEM MARKET, BY TRANSIT, 2022–2027 (USD MILLION)121
9.4NORTH AMERICA121
9.4.1UPCOMING RAPID TRANSIT PROJECTS IN NORTH AMERICA122
TABLE 74MAJOR RAPID TRANSIT PROJECTS IN NORTH AMERICA122
FIGURE 41NORTH AMERICA: RAILWAY SYSTEM MARKET SNAPSHOT123
TABLE 75NORTH AMERICA: RAILWAY SYSTEM MARKET, BY COUNTRY, 2018–2021 (USD MILLION)123
TABLE 76NORTH AMERICA: RAILWAY SYSTEM MARKET, BY COUNTRY, 2022–2027 (USD MILLION)124
9.4.2US124
9.4.2.1Increasing urban mobility and OEM investments124
TABLE 77US: RAILWAY SYSTEM MARKET, BY TRANSIT, 2018–2021 (USD MILLION)124
TABLE 78US: RAILWAY SYSTEM MARKET, BY TRANSIT, 2022–2027 (USD MILLION)125
9.4.3MEXICO125
9.4.3.1Emergence of private players in conventional transit125
TABLE 79MEXICO: RAILWAY SYSTEM MARKET, BY TRANSIT, 2018–2021 (USD MILLION)125
TABLE 80MEXICO: RAILWAY SYSTEM MARKET, BY TRANSIT, 2022–2027 (USD MILLION)125
9.4.4CANADA126
9.4.4.1Growing concerns over traffic congestion126
TABLE 81CANADA: RAILWAY SYSTEM MARKET, BY TRANSIT, 2018–2021 (USD MILLION)126
TABLE 82CANADA: RAILWAY SYSTEM MARKET, BY TRANSIT, 2022–2027 (USD MILLION)126
9.5REST OF THE WORLD (ROW)127
FIGURE 42REST OF THE WORLD: RAILWAY SYSTEM MARKET, BY COUNTRY, 2022 VS. 2027 (USD MILLION)127
TABLE 83REST OF THE WORLD: RAILWAY SYSTEM MARKET, BY COUNTRY, 2018–2021 (USD MILLION)127
TABLE 84REST OF THE WORLD: RAILWAY SYSTEM MARKET, BY COUNTRY, 2022–2027 (USD MILLION)128
9.5.1BRAZIL128
9.5.1.1High spending on urban mobility projects128
TABLE 85BRAZIL: RAILWAY SYSTEM MARKET, BY TRANSIT, 2018–2021 (USD MILLION)128
TABLE 86BRAZIL: RAILWAY SYSTEM MARKET, BY TRANSIT, 2022–2027 (USD MILLION)129
9.5.2UNITED ARAB EMIRATES (UAE)129
9.5.2.1Increasing use of technologically advanced metro trains129
TABLE 87UAE: RAILWAY SYSTEM MARKET, BY TRANSIT, 2018–2021 (USD MILLION)129
TABLE 88UAE: RAILWAY SYSTEM MARKET, BY TRANSIT, 2022–2027 (USD MILLION)130
10COMPETITIVE LANDSCAPE131
10.1OVERVIEW131
TABLE 89OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN ROLLING STOCK MARKET131
10.2MARKET RANKING ANALYSIS133
FIGURE 43MARKET RANKING, 2021133
10.3REVENUE ANALYSIS OF TOP PLAYERS134
FIGURE 44TOP PLAYERS IN RAILWAY SYSTEM MARKET DURING LAST THREE YEARS134
10.4COMPETITIVE SCENARIO134
10.4.1NEW PRODUCT DEVELOPMENTS134
TABLE 90NEW PRODUCT DEVELOPMENTS, 2019–2022135
10.4.2PARTNERSHIPS/SUPPLY CONTRACTS/COLLABORATIONS/ JOINT VENTURES/LICENSE AGREEMENTS135
TABLE 91PARTNERSHIPS/SUPPLY CONTRACTS/COLLABORATIONS/JOINT VENTURES/ AGREEMENTS, 2019–2022136
10.4.3EXPANSIONS137
TABLE 92EXPANSIONS, 2019–2022137
10.5COMPETITIVE LEADERSHIP MAPPING137
10.5.1STARS138
10.5.2PERVASIVE COMPANIES138
10.5.3EMERGING LEADERS138
10.5.4PARTICIPANTS138
FIGURE 45RAILWAY SYSTEM MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021139
10.6COMPANY EVALUATION QUADRANT140
TABLE 93COMPANY REGION FOOTPRINT140
TABLE 94COMPANY APPLICATION TYPE FOOTPRINT140
TABLE 95COMPANY APPLICATION & REGION FOOTPRINT141
10.7SME EVALUATION QUADRANT141
10.7.1PROGRESSIVE COMPANIES141
10.7.2RESPONSIVE COMPANIES141
10.7.3DYNAMIC COMPANIES141
10.7.4STARTING BLOCKS142
FIGURE 46RAILWAY SYSTEM MARKET: COMPANY EVALUATION MATRIX FOR SMES, 2021142
10.8SME EVALUATION QUADRANT143
TABLE 96SME REGION FOOTPRINT143
TABLE 97SME APPLICATION FOOTPRINT143
TABLE 98SME APPLICATION & REGION FOOTPRINT144
11COMPANY PROFILES145
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
11.1KEY PLAYERS145
11.1.1CRRC145
TABLE 99CRRC: BUSINESS OVERVIEW145
FIGURE 47CRRC: COMPANY SNAPSHOT146
TABLE 100CRRC: PRODUCTS OFFERED146
TABLE 101CRRC: NEW PRODUCT LAUNCHES147
TABLE 102CRRC: DEALS148
11.1.2ALSTOM149
TABLE 103ALSTOM: BUSINESS OVERVIEW149
FIGURE 48ALSTOM: COMPANY SNAPSHOT150
TABLE 104ALSTOM: PRODUCTS OFFERED150
TABLE 105ALSTOM: NEW PRODUCT LAUNCHES151
TABLE 106ALSTOM: DEALS151
TABLE 107ALSTOM: OTHERS152
11.1.3ABB154
TABLE 108ABB: BUSINESS OVERVIEW154
FIGURE 49ABB: COMPANY SNAPSHOT155
TABLE 109ABB: PRODUCTS OFFERED155
TABLE 110ABB: DEALS156
1.1.4KNORR-BREMSE158
TABLE 111KNORR-BREMSE: BUSINESS OVERVIEW158
TABLE 112KNORR-BREMSE: PRODUCTS OFFERED158
TABLE 113KNORR-BREMSE: OTHERS160
11.1.5THERMO KING162
TABLE 114THERMO KING: BUSINESS OVERVIEW162
FIGURE 50THERMO KING: COMPANY SNAPSHOT162
TABLE 115THERMO KING: PRODUCTS OFFERED163
TABLE 116THERMO KING: NEW PRODUCT DEVELOPMENTS164
11.1.6SIEMENS165
TABLE 117SIEMENS: BUSINESS OVERVIEW165
FIGURE 51SIEMENS: COMPANY SNAPSHOT166
TABLE 118SIEMENS: PRODUCTS OFFERED166
TABLE 119SIEMENS: NEW PRODUCT LAUNCHES167
TABLE 120SIEMENS: DEALS167
TABLE 121HYUNDAI ROTEM: BUSINESS OVERVIEW169
FIGURE 52HYUNDAI ROTEM COMPANY: COMPANY SNAPSHOT169
TABLE 122HYUNDAI ROTEM: PRODUCTS OFFERED170
TABLE 123HYUNDAI ROTEM: DEALS170
11.1.8MITSUBISHI HEAVY INDUSTRIES172
TABLE 124MITSUBISHI HEAVY INDUSTRIES: BUSINESS OVERVIEW172
TABLE 125MITSUBISHI HEAVY INDUSTRIES: PRODUCTS OFFERED172
TABLE 126MITSUBISHI HEAVY INDUSTRIES: DEALS173
11.1.9TOSHIBA174
TABLE 127TOSHIBA: BUSINESS OVERVIEW174
FIGURE 53TOSHIBA: COMPANY SNAPSHOT175
TABLE 128TOSHIBA: PRODUCTS OFFERED175
TABLE 129TOSHIBA: OTHERS177
11.1.10HITACHI179
TABLE 130HITACHI: BUSINESS OVERVIEW179
FIGURE 54HITACHI: COMPANY SNAPSHOT180
11.1.10.2Products offered180
TABLE 131HITACHI: PRODUCTS OFFERED180
11.1.10.3Recent Developments181
TABLE 132HITACHI: PRODUCT LAUNCHES181
TABLE 133HITACHI: DEALS181
TABLE 134HITACHI: OTHERS182
11.2OTHER KEY PLAYERS183
11.2.1CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES (CAF)183
TABLE 135CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES (CAF): BUSINESS OVERVIEW183
11.2.2STRUKTON183
TABLE 136STRUKTON: BUSINESS OVERVIEW183
11.2.3WOOJIN INDUSTRIAL SYSTEMS184
TABLE 137WOOJIN INDUSTRIAL SYSTEMS: BUSINESS OVERVIEW184
11.2.4AMERICAN EQUIPMENT COMPANY184
TABLE 138AMERICAN EQUIPMENT COMPANY: BUSINESS OVERVIEW184
11.2.5INGETEAM185
TABLE 139INGETEAM: BUSINESS OVERVIEW185
11.2.6CALAMP185
TABLE 140CALAMP: BUSINESS OVERVIEW185
11.2.7SINARA TRANSPORT MACHINES186
TABLE 141SINARA TRANSPORT MACHINES: BUSINESS OVERVIEW186
11.2.8FUJI ELECTRIC186
TABLE 142FUJI ELECTRIC: BUSINESS OVERVIEW186
11.2.9SKODA TRANSPORTATION187
TABLE 143SKODA TRANSPORTATION: BUSINESS OVERVIEW187
11.2.10MEDCOM187
TABLE 144MEDCOM: BUSINESS OVERVIEW187
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
12RECOMMENDATIONS BY MARKETSANDMARKETS188
12.1ASIA PACIFIC TO BE MAJOR MARKET FOR RAILWAY SYSTEMS188
12.2DEVELOPMENT OF NEXT-GEN CLEAN PROPULSION SYSTEMS189
12.3RAPID TRANSIT TO BE MOST PROFITABLE SEGMENT OF RAILWAY SYSTEM MARKET189
12.4CONCLUSION190
13APPENDIX191
13.1KEY INSIGHTS FROM INDUSTRY EXPERTS191
13.2DISCUSSION GUIDE192
13.3KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL196
13.4CUSTOMIZATION OPTIONS198
13.5RELATED REPORTS198
13.6AUTHOR DETAILS199