Railway equipment are involved in locomotives, passenger rail cars, freight rail cars, subway, signal, infrastructure and other parts used in operating railroads. The railway equipment industry has become the pivot for economic developments across several countries worldwide. The demand for this equipment has intensified owing to the rising volume of transported products and the expansion of the distance covered by logistics vehicles.
The demand for freight rolling stock is significantly high in the global railroad equipment manufacturing market. This demand is basically due to the hike in the prices of fuel across the globe at it acts as the key source behind the working of the transportation industry. This has shifted the trend of freight transport to rails from trucks.
Companies operating in the railroad equipment manufacturing industry are involved in the manufacturing of brakes, locomotives, passenger rail cars and freight, and other parts used in operating railroads. The transport equipment manufacturing industry has become the pivot for economic developments across several countries worldwide. The demand for these Equipment has intensified owing to the rising volume of transported products and the expansion of the distance covered by logistics vehicles. This particular trend is expected to gain traction over the coming years.
Region-wise, Europe and Asia Pacific are the leading regions in terms of manufacturing of railroad equipment. This growth is mainly due to effective policies and large scale investment by leading companies and governments. Brazil, China, and India have been identified as emerging markets in the Asia Pacific region. China's Ministry of Railways is the main purchaser of industry products, which are largely supplied by state-owned operator, CRRC Corporation Limited. The dominance of the company makes this industry a virtual duopoly.
The key companies are CRRC, Siemens, Alstom, Bombardier, CRECG, CRCC, General Electric, Hitachi, Transmashholding, Voestalpine, Toshiba, Kawasaki, Hyundai Rotem, CRSC, Wabtec and etc.
The global Railway Equipment market is valued at 128400 million US$ in 2018 is expected to reach 189600 million US$ by the end of 2025, growing at a CAGR of 5.0% during 2019-2025.
This report focuses on Railway Equipment volume and value at global level, regional level and company level. From a global perspective, this report represents overall Railway Equipment market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
CRRC
Alstom
Siemens
Bombardier
CRCC
CRECG
General Electric
Hitachi
Hyundai Rotem
Transmashholding
Voestalpine
Toshiba
Kawasaki
CRSC
Wabtec
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Rolling Stock
Railway Infrastructure
Others
Segment by Application
Locomotives
DMUs
EMUs
Freight Vehicles
Others
Summary:
Get latest Market Research Reports on Railway Equipment . Industry analysis & Market Report on Railway Equipment is a syndicated market report, published as Global Railway Equipment Market Research Report 2019. It is complete Research Study and Industry Analysis of Railway Equipment market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.