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Global Rail Components Market Size study, by Component (Bogie, Engine, Others), and Regional Forecasts 2021-2027

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Global Rail Components Market Size study, by Component (Bogie, Engine, Others), and Regional Forecasts 2021-2027
Published: June 5, 2021 Content info:
Description

Global Rail Components Market is valued at approximately USD 78 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3 % over the forecast period 2021-2027. Steel rail and railway sleepers are examples of railway track components that serve as inspiration for entire railway track systems. Rail components such as the railway fastening system, railway fishplate, and fish bolt also ensure railway safety by fixing rails and railway sleepers. Over the projected period, the rail components market is likely to benefit from increased demand for railways around the world. Governments are likely to increase demand for rail components by investing in and adopting automation technologies to improve network optimization. For instance, in January 2020, Portugal awarded CRRC a USD 55.5 overseas supply contract to supply 18 new light rails with a five-year maintenance period. In the rolling stock market, which is primarily used for passenger transportation, Japan is the technological leader. The country is constantly investing in the development of novel rolling stock technologies. To provide better products and services to clients in the rail components market, key businesses have implemented tactics such as business expansion, collaboration, acquisition, and product introduction. For instance,

  • In December 2019: Bombardier was awarded a contract of 26.8 million euros to renovate, maintain, and upgrade 59 bombardier Swedish Regina Electric Multiple Units Fleet.
  • The Ukraine Railway Speed Company and Hyundai Rotem have extended their maintenance contract (URSC). The contract is worth 64.8 billion won and covers 90 trains (around EUR 50 million). It's a five-year extension of a pact that started in 2022 and ends in 2027.

However, high initial cost of deployment and a lack of technology infrastructure and interoperability may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global Rail Components Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). North America is the leading region across the world in terms of market share due to intercity trade and commutation, forthcoming metro projects in the region. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, large scale rapid urban transit development across APAC.

Major market player included in this report are:

CRRC Corp. Ltd

Siemens AG

Bombardier Inc.

Alstom SA

Wabtec Corp.

Hyundai Rotem

Stadler Rail AG

The Greenbrier Companies

Trinity Industries Inc.

Construcciones Y Auxiliar De Ferrocarriles SA

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

Bogie

Engine

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2017, 2018-19

Base year - 2019-2020

Forecast period - 2021 to 2027.

Target Audience of the Global Rail Components Marketin Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
    • 1.2.1. Rail Components Market , by Region, 2019-2027 (USD Billion)
    • 1.2.2. Rail Components Market , by Component, 2019-2027 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Rail Components Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Rail Components Market Dynamics

  • 3.1. Rail Components Market Impact Analysis (2019-2027)
    • 3.1.1. Market Drivers
      • 3.1.1.1. Increasing railway network
      • 3.1.1.2. Rising demand for Recreation Vehicle
    • 3.1.2. Market Restraint
      • 3.1.2.1. Increasing demand for passenger and freight transportation
    • 3.1.3. Market Opportunities
      • 3.1.3.1. Adoption of automation technologies

Chapter 4. Global Rail Components Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Rail Components Market , by Component

  • 5.1. Market Snapshot
  • 5.2. Global Rail Components Market by Component , Performance - Potential Analysis
  • 5.3. Global Rail Components Market Estimates & Forecasts by Component 2018-2027 (USD Billion)
  • 5.4. Rail Components Market , Sub Segment Analysis
    • 5.4.1. Bogie
    • 5.4.2. Engine
    • 5.4.3. Others

Chapter 6. Global Rail Components Market , Regional Analysis

  • 6.1. Rail Components Market , Regional Market Snapshot
  • 6.2. North America Rail Components Market
    • 6.2.1. U.S. Rail Components Market
      • 6.2.1.1. Component breakdown estimates & forecasts, 2018-2027
    • 6.2.2. Canada Rail Components Market
  • 6.3. Europe Rail Components Market Snapshot
    • 6.3.1. U.K. Rail Components Market
    • 6.3.2. Germany Rail Components Market
    • 6.3.3. France Rail Components Market
    • 6.3.4. Spain Rail Components Market
    • 6.3.5. Italy Rail Components Market
    • 6.3.6. Rest of Europe Rail Components Market
  • 6.4. Asia-Pacific Rail Components Market Snapshot
    • 6.4.1. China Rail Components Market
    • 6.4.2. India Rail Components Market
    • 6.4.3. Japan Rail Components Market
    • 6.4.4. Australia Rail Components Market
    • 6.4.5. South Korea Rail Components Market
    • 6.4.6. Rest of Asia Pacific Rail Components Market
  • 6.5. Latin America Rail Components Market Snapshot
    • 6.5.1. Brazil Rail Components Market
    • 6.5.2. Mexico Rail Components Market
  • 6.6. Rest of The World Rail Components Market

Chapter 7. Competitive Intelligence

  • 7.1. Top Market Strategies
  • 7.2. Company Profiles
    • 7.2.1. CRRC Corp. Ltd
      • 7.2.1.1. Key Information
      • 7.2.1.2. Overview
      • 7.2.1.3. Financial (Subject to Data Availability)
      • 7.2.1.4. Product Summary
      • 7.2.1.5. Recent Developments
    • 7.2.2. Siemens AG
    • 7.2.3. Bombardier Inc.
    • 7.2.4. Alstom SA
    • 7.2.5. Wabtec Corp.
    • 7.2.6. Hyundai Rotem
    • 7.2.7. Stadler Rail AG
    • 7.2.8. The Greenbrier Companies
    • 7.2.9. Trinity Industries Inc.
    • 7.2.10. Construcciones Y Auxiliar De Ferrocarriles SA

Chapter 8. Research Material

  • 8.1. Research Material
    • 8.1.1. Data Mining
    • 8.1.2. Analysis
    • 8.1.3. Market Estimation
    • 8.1.4. Validation
    • 8.1.5. Publishing
  • 8.2. Research Attributes
  • 8.3. Research Assumption

LIST OF TABLES

  • TABLE 1. Global Rail Components Market , report scope
  • TABLE 2. Global Rail Components Market estimates & forecasts by region 2018-2027 (USD Billion)
  • TABLE 3. Global Rail Components Market estimates & forecasts by Component 2018-2027 (USD Billion)
  • TABLE 4. Global Rail Components Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 5. Global Rail Components Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 6. Global Rail Components Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 7. Global Rail Components Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 8. Global Rail Components Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 9. Global Rail Components Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 10. Global Rail Components Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 11. Global Rail Components Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 12. Global Rail Components Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 13. Global Rail Components Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 14. Global Rail Components Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 15. Global Rail Components Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 16. Global Rail Components Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 17. Global Rail Components Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 18. Global Rail Components Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 19. Global Rail Components Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 20. U.S. Rail Components Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 21. U.S. Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 22. U.S. Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 23. Canada Rail Components Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 24. Canada Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 25. Canada Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 26. UK Rail Components Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 27. UK Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 28. UK Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 29. Germany Rail Components Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 30. Germany Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 31. Germany Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 32. France Rail Components Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 33. France Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 34. France Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 35. Spain Rail Components Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 36. Spain Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 37. Spain Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 38. Italy Rail Components Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 39. Italy Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 40. Italy Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 41. ROE Rail Components Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 42. ROE Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 43. ROE Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 44. China Rail Components Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 45. China Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 46. China Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 47. India Rail Components Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 48. India Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 49. India Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 50. Japan Rail Components Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 51. Japan Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 52. Japan Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 53. Australia Rail Components Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 54. Australia Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 55. Australia Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 56. South Korea Rail Components Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 57. South Korea Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 58. South Korea Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 59. ROPAC Rail Components Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 60. ROPAC Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 61. ROPAC Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 62. Brazil Rail Components Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 63. Brazil Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 64. Brazil Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 65. Mexico Rail Components Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 66. Mexico Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 67. Mexico Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 68. ROLA Rail Components Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 69. ROLA Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 70. ROLA Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 71. ROW Rail Components Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 72. ROW Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 73. ROW Rail Components Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 74. List of secondary sources used in the study of global Rail Components Market .
  • TABLE 75. List of primary sources used in the study of global Rail Components Market .
  • TABLE 76. Years considered for the study.
  • TABLE 77. Exchange rates considered.

LIST OF FIGURES

List of figures

  • FIG 1. Global Rail Components Market , research methodology
  • FIG 2. Global Rail Components Market , market estimation techniques
  • FIG 3. Global market size estimates & forecast methods
  • FIG 4. Global Rail Components Market , key trends 2019
  • FIG 5. Global Rail Components Market , growth prospects 2020-2027
  • FIG 6. Global Rail Components Market , porters 5 force model
  • FIG 7. Global Rail Components Market , pest analysis
  • FIG 8. Global Rail Components Market , value chain analysis
  • FIG 9. Global Rail Components Market by segment, 2018 & 2027 (USD Billion)
  • FIG 10. Global Rail Components Market by segment, 2018 & 2027 (USD Billion)
  • FIG 11. Global Rail Components Market by segment, 2018 & 2027 (USD Billion)
  • FIG 12. Global Rail Components Market by segment, 2018 & 2027 (USD Billion)
  • FIG 13. Global Rail Components Market by segment, 2018 & 2027 (USD Billion)
  • FIG 14. Global Rail Components Market by segment, 2018 & 2027 (USD Billion)
  • FIG 15. Global Rail Components Market by segment, 2018 & 2027 (USD Billion)
  • FIG 16. Global Rail Components Market by segment, 2018 & 2027 (USD Billion)
  • FIG 17. Global Rail Components Market , regional snapshot 2018 & 2027
  • FIG 18. North America Rail Components Market 2018 & 2027 (USD Billion)
  • FIG 19. Europe Rail Components Market 2018 & 2027 (USD Billion)
  • FIG 20. Asia-Pacific Rail Components Market 2018 & 2027 (USD Billion)
  • FIG 21. Latin America Rail Components Market 2018 & 2027 (USD Billion)
  • FIG 22. Global Rail Components Market , company market share analysis (2019)
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