About Railroad Equipment
The railroad equipment market encompasses a diverse range of products and services related to the rail transportation industry. This market includes the manufacturing and maintenance of locomotives, freight and passenger railcars, tracks, signaling systems, and other infrastructure components essential for rail operations. The demand for railroad equipment is influenced by factors such as urbanization, increasing freight transportation needs, and a focus on sustainable transportation options. Additionally, advancements in technology, such as automation and digitalization, are shaping the modernization of the railroad sector, making it more efficient and environmentally friendly. As the global transportation landscape evolves, the railroad equipment market continues to play a vital role in providing reliable and efficient transportation solutions.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The Global Railroad Equipment market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Railroad Equipment market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens Mobility (Germany), Bombardier Transportation (Canada), Alstom (France), CRRC Corporation Limited (China), General Electric Transportation (USA), Stadler Rail (Switzerland), Kawasaki Heavy Industries (Japan), Wabtec Corporation (USA), Hitachi Rail (Italy), Knorr-Bremse (Germany), Talgo (Spain), CAF - Construcciones y Auxiliar de Ferrocarriles (Spain), Hyundai Rotem (South Korea) and Plasser & Theurer (Austria) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Voith Group (Germany), Faiveley Transport (France), Progress Rail (USA), Hebei Yixin Fastener Co.,Ltd(China), Trinity Industries (USA), Vossloh AG (Germany) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Railroad Equipment market by Type (Locomotives, Rolling Stock, Passenger Railcars, Freight Railcars, Rapid Transit Vehicles, subway, tram, light rail vehicles, Track and Infrastructure, Rail tracks, Rail switches, Ballast regulators, Rail fasteners, Control Systems, Others, Components and Parts, Wheels, Axles, Bearings, Brakes, Couplers and Others), Application (Freight Transportation, Passenger Transportation, High-Speed Rail, Urban Transit and Others) and Region.
On the basis of geography, the market of Railroad Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Rail Operators will boost the Railroad Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Steel will boost the Railroad Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in the Number of Passengers Using Railways, The Rapid Adoption of IoT and Safety in Railways and Rising Demand for Scrap Produced During Steel Making
Market Growth Drivers:
Rise in Demand of Public Transport by the Government, Increasing Demand for Comfort Zone While Travelling, The Growing Number of Trains Worldwide and Increasing Disposable Income of People
Challenges:
High Initial Cost Investment in Railways
Restraints:
High Maintenance Cost and Mechanical Failure, Increasing Prices of Raw Material and Effect of Factors Such As Labor Laws and Environmental Cost on Production
Opportunities:
Increasing Construction Activities and Infrastructure in the Asia-Pacific Region
In May 2019, Pioneer Railcorp announced the merger with BRX for USD 18.81 per share in cash. This agreement is held between company railroads related businesses including railroad Equipment Company for switching to Service Company by enhancing its platform.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Railroad Equipment Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.