Global Railway Fleet Management Market 2024-2028

The railway fleet management market is forecasted to grow by USD 4.53 bn during 2023-2028, accelerating at a CAGR of 14.19% during the forecast period. The report on the railway fleet management market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in the adoption of wireless technology in railway industry, growing need for operational competency, and technological advancements in railway fleet management.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	13.63%
CAGR	14.19%
Incremental Value	$4.53bn

Technavio's railway fleet management market is segmented as below:

By Communication Technology

GNSS
Cellular system

By Component

Software
Hardware
Services

By Geographical Landscape

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the growing adoption of cloud computing for streamlining fleet management operations as one of the prime reasons driving the railway fleet management market growth during the next few years. Also, emergence of digital twins for railway asset management and climate change and resulting need for sustainable, clean, and high-speed transport will lead to sizable demand in the market.

The report on the railway fleet management market covers the following areas:

Railway fleet management market sizing
Railway fleet management market forecast
Railway fleet management market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading railway fleet management market vendors that include AllTranstek L.L.C, CLX Logistics LLC, CRX SOFTWARE, Geotab Inc., GMV Innovating Solutions SL, HaslerRail AG, KLS Logistics Services Inc., Masternaut Ltd., Network Rail Consulting, ORBCOMM Inc., Railcar Tracking Co., Railnova SA, Ricardo Plc, Sultran Ltd., The Greenbrier Companies Inc., Trimble Inc., Verizon Communications Inc., VTG GmbH, Westinghouse Air Brake Technologies Corp., and Arcadis NV. Also, the railway fleet management market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR40743

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Communication Technology
Exhibit 06: Executive Summary - Chart on Market Segmentation by Component
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global railway fleet management market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global railway fleet management market 2018 - 2022 ($ billion)
4.2 Communication Technology Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Communication Technology Segment 2018 - 2022 ($ billion)
4.3 Component Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Component Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Communication Technology

6.1 Market segments
Exhibit 30: Chart on Communication Technology - Market share 2023-2028 (%)
Exhibit 31: Data Table on Communication Technology - Market share 2023-2028 (%)
6.2 Comparison by Communication Technology
Exhibit 32: Chart on Comparison by Communication Technology
Exhibit 33: Data Table on Comparison by Communication Technology
6.3 GNSS - Market size and forecast 2023-2028
Exhibit 34: Chart on GNSS - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on GNSS - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on GNSS - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on GNSS - Year-over-year growth 2023-2028 (%)
6.4 Cellular system - Market size and forecast 2023-2028
Exhibit 38: Chart on Cellular system - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Cellular system - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Cellular system - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Cellular system - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Communication Technology
Exhibit 42: Market opportunity by Communication Technology ($ billion)
Exhibit 43: Data Table on Market opportunity by Communication Technology ($ billion)

7 Market Segmentation by Component

7.1 Market segments
Exhibit 44: Chart on Component - Market share 2023-2028 (%)
Exhibit 45: Data Table on Component - Market share 2023-2028 (%)
7.2 Comparison by Component
Exhibit 46: Chart on Comparison by Component
Exhibit 47: Data Table on Comparison by Component
7.3 Software - Market size and forecast 2023-2028
Exhibit 48: Chart on Software - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Data Table on Software - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Chart on Software - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Software - Year-over-year growth 2023-2028 (%)
7.4 Hardware - Market size and forecast 2023-2028
Exhibit 52: Chart on Hardware - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Hardware - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Hardware - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Hardware - Year-over-year growth 2023-2028 (%)
7.5 Services - Market size and forecast 2023-2028
Exhibit 56: Chart on Services - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Services - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Services - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Services - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Component
Exhibit 60: Market opportunity by Component ($ billion)
Exhibit 61: Data Table on Market opportunity by Component ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 France - Market size and forecast 2023-2028
Exhibit 95: Chart on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on France - Year-over-year growth 2023-2028 (%)
9.11 India - Market size and forecast 2023-2028
Exhibit 99: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on India - Year-over-year growth 2023-2028 (%)
9.12 Germany - Market size and forecast 2023-2028
Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ billion)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Arcadis NV
Exhibit 115: Arcadis NV - Overview
Exhibit 116: Arcadis NV - Business segments
Exhibit 117: Arcadis NV - Key offerings
Exhibit 118: Arcadis NV - Segment focus
12.4 CLX Logistics LLC
Exhibit 119: CLX Logistics LLC - Overview
Exhibit 120: CLX Logistics LLC - Product / Service
Exhibit 121: CLX Logistics LLC - Key offerings
12.5 CRX SOFTWARE
Exhibit 122: CRX SOFTWARE - Overview
Exhibit 123: CRX SOFTWARE - Product / Service
Exhibit 124: CRX SOFTWARE - Key offerings
12.6 GMV Innovating Solutions SL
Exhibit 125: GMV Innovating Solutions SL - Overview
Exhibit 126: GMV Innovating Solutions SL - Product / Service
Exhibit 127: GMV Innovating Solutions SL - Key offerings
12.7 KLS Logistics Services Inc.
Exhibit 128: KLS Logistics Services Inc. - Overview
Exhibit 129: KLS Logistics Services Inc. - Product / Service
Exhibit 130: KLS Logistics Services Inc. - Key offerings
12.8 Network Rail Consulting
Exhibit 131: Network Rail Consulting - Overview
Exhibit 132: Network Rail Consulting - Product / Service
Exhibit 133: Network Rail Consulting - Key offerings
12.9 ORBCOMM Inc.
Exhibit 134: ORBCOMM Inc. - Overview
Exhibit 135: ORBCOMM Inc. - Product / Service
Exhibit 136: ORBCOMM Inc. - Key offerings
12.10 Railcar Tracking Co.
Exhibit 137: Railcar Tracking Co. - Overview
Exhibit 138: Railcar Tracking Co. - Product / Service
Exhibit 139: Railcar Tracking Co. - Key offerings
12.11 Railnova SA
Exhibit 140: Railnova SA - Overview
Exhibit 141: Railnova SA - Product / Service
Exhibit 142: Railnova SA - Key offerings
12.12 Ricardo Plc
Exhibit 143: Ricardo Plc - Overview
Exhibit 144: Ricardo Plc - Business segments
Exhibit 145: Ricardo Plc - Key offerings
Exhibit 146: Ricardo Plc - Segment focus
12.13 Sultran Ltd.
Exhibit 147: Sultran Ltd. - Overview
Exhibit 148: Sultran Ltd. - Product / Service
Exhibit 149: Sultran Ltd. - Key offerings
12.14 The Greenbrier Companies Inc.
Exhibit 150: The Greenbrier Companies Inc. - Overview
Exhibit 151: The Greenbrier Companies Inc. - Business segments
Exhibit 152: The Greenbrier Companies Inc. - Key news
Exhibit 153: The Greenbrier Companies Inc. - Key offerings
Exhibit 154: The Greenbrier Companies Inc. - Segment focus
12.15 Trimble Inc.
Exhibit 155: Trimble Inc. - Overview
Exhibit 156: Trimble Inc. - Business segments
Exhibit 157: Trimble Inc. - Key offerings
Exhibit 158: Trimble Inc. - Segment focus
12.16 Verizon Communications Inc.
Exhibit 159: Verizon Communications Inc. - Overview
Exhibit 160: Verizon Communications Inc. - Business segments
Exhibit 161: Verizon Communications Inc. - Key offerings
Exhibit 162: Verizon Communications Inc. - Segment focus
12.17 VTG GmbH
Exhibit 163: VTG GmbH - Overview
Exhibit 164: VTG GmbH - Product / Service
Exhibit 165: VTG GmbH - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 166: Inclusions checklist
Exhibit 167: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 168: Currency conversion rates for US$
13.4 Research methodology
Exhibit 169: Research methodology
Exhibit 170: Validation techniques employed for market sizing
Exhibit 171: Information sources
13.5 List of abbreviations
Exhibit 172: List of abbreviations