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PUBLISHER: The Business Research Company | PRODUCT CODE: 1694872

PUBLISHER: The Business Research Company | PRODUCT CODE: 1694872

Railway System Global Market Report 2025

PUBLISHED: March 4, 2025

PAGES: 200 Pages

DELIVERY TIME: 2-10 business days

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Description

A railway system refers to the infrastructure, equipment, and operations involved in the transportation of passengers and goods via trains on a network of tracks or railways. Railways enable people to commute to work, education, and other locations by helping them connect to places.

The main transit types of railway system market covered are conventional and rapid. Conventional railway systems contribute to economic development by providing reliable transportation infrastructure for businesses to move goods efficiently and for workers to commute to job centers. The system types involved are auxiliary power system, train information system, propulsion system, train safety systems, HVAC system, and on-board vehicle control which have various applications including passenger transportation and freight transportation.

The railway system market size has grown strongly in recent years. It will grow from $33.92 billion in 2024 to $35.93 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to government investment, economic advantages, globalization and collaboration, rising demand for energy-efficient transport.

The railway system market size is expected to see steady growth in the next few years. It will grow to $42.98 billion in 2029 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to surging urbanization, government support for alternative fuel-powered operations, globalization and collaboration, focus on environmental sustainability, rising demand for energy-efficient transport. Major trends in the forecast period include adoption of advanced technology, focus on passenger transportation, government support and investment, environmental sustainability, globalization and collaboration.

Increasing infrastructure development is expected to propel the growth of the railway system market going forward. Infrastructure refers to the fundamental physical and organizational structures and facilities needed for the operation of a society, economy, or organization. Infrastructure development establishes and maintains the fundamental power sources, transportation, and communication networks that enable social advancement, economic expansion, and enhanced quality of life. The expansion of the railway system depends on infrastructure development to fulfil the growing demand for transportation, enhance operational effectiveness, promote economic growth, and address environmental concerns. For instance, in July 2023, according to the U.S. Census Bureau, a US-based government institution, the expected annual rate of construction spending in May 2023 was $1,925.6 billion, which was 0.9% higher than the April estimate of $1,909.0 billion. The May amount is 2.4% higher than the $1,880.9 billion May 2022 projection. Therefore, infrastructure development is expected to propel the growth of the railway system market.

Major companies operating in the railway system market are developing innovative technology, such as the multipurpose digital experience center, to better serve customers in this market. The digital experience center is a hub for developing and executing cutting-edge signaling solutions across urban, mainline, and freight operations for railway systems. For instance, in December 2023, Alstom SA, a France-based manufacturing company, launched the technological advanced digital experience center. The center's programs are designed to improve railway system efficiency and the purpose is for the implementation of integrated cybersecurity, end-to-end project testing, urban, mainline, freight, and mining projects, as well as for the development of innovations in remote system monitoring and troubleshooting. Additionally, over 7 million hours of engineering work for projects can be supported by the center's design.

In December 2023, SYSTRA Group, a France-based transport engineering company, acquired Rail Systems Australia for an undisclosed amount. With this acquisition, SYSTRA Group aims to expand its service offering and solidify its position as a systems integration expert in the expanding Australian and New Zealand rail system markets. Rail Systems Australia is an Australia-based rail systems integrator that offers rail transportation systems.

Major companies operating in the railway system market are Hitachi Ltd., Siemens AG, General Electric Company, Mitsubishi Heavy Industries Ltd., ABB Ltd., Toshiba Corporation, Alstom SA, Wabtec Corporation, Knorr-Bremse AG, Bombardier Inc., STADLER RAIL AG, Stadler Rail AG, Construcciones Y Auxiliar de Ferrocarriles, Hyundai Rotem Company, Thermo King, Trinity Industries Inc., Bharat Heavy Electricals Ltd., American Equipment Company, Fuji Electric Co. Ltd., Calamp Corporation, Skoda Transportation a.s, Medcom GmbH, TransMash Holding, CRR Corporation Limited, Ingeteam Power Technology S.A.

North America was the largest region in the railway system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the railway system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the railway system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The railway system market consists of revenues earned by entities by providing passenger transportation services, freight transportation services, ticketing and reservation services, logistics, and supply chain services. The market value includes the value of related goods sold by the service provider or included within the service offering. The railway system market also includes sales of ticketing and reservation systems, maintenance and repair equipment, and safety and security products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Railway System Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on railway system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for railway system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The railway system market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Transit Type: Conventional; Rapid
2) By System Type: Auxiliary Power System; Train Information System; Propulsion System; Train Safety System; HVAC System; On-Board Vehicle Control
3) By Application: Passenger Transportation; Freight Transportation
Subsegments:
1) By Conventional: Regional Rail; Commuter Rail; Freight Rail Services
2) By Rapid: Metro Systems; Light Rail Transit (LRT); High-Speed Rail; Automated People Movers (APM)
Companies Mentioned: Hitachi Ltd.; Siemens AG; General Electric Company; Mitsubishi Heavy Industries Ltd.; ABB Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r28849

1. Executive Summary

2. Railway System Market Characteristics

3. Railway System Market Trends And Strategies

4. Railway System Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

5. Global Railway System Growth Analysis And Strategic Analysis Framework

5.1. Global Railway System PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Railway System Market Growth Rate Analysis
5.4. Global Railway System Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Railway System Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Railway System Total Addressable Market (TAM)

6. Railway System Market Segmentation

6.1. Global Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Conventional
Rapid
6.2. Global Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Auxiliary Power System
Train Information System
Propulsion System
Train Safety System
HVAC System
On-Board Vehicle Control
6.3. Global Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Passenger Transportation
Freight Transportation
6.4. Global Railway System Market, Sub-Segmentation Of Conventional, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Regional Rail
Commuter Rail
Freight Rail Services
6.5. Global Railway System Market, Sub-Segmentation Of Rapid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Metro Systems
Light Rail Transit (LRT)
High-Speed Rail
Automated People Movers (APM)

7. Railway System Market Regional And Country Analysis

7.1. Global Railway System Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Railway System Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Railway System Market

8.1. Asia-Pacific Railway System Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Railway System Market

9.1. China Railway System Market Overview
9.2. China Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Railway System Market

10.1. India Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Railway System Market

11.1. Japan Railway System Market Overview
11.2. Japan Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Railway System Market

12.1. Australia Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Railway System Market

13.1. Indonesia Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Railway System Market

14.1. South Korea Railway System Market Overview
14.2. South Korea Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Railway System Market

15.1. Western Europe Railway System Market Overview
15.2. Western Europe Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Railway System Market

16.1. UK Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Railway System Market

17.1. Germany Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Railway System Market

18.1. France Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Railway System Market

19.1. Italy Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Railway System Market

20.1. Spain Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Railway System Market

21.1. Eastern Europe Railway System Market Overview
21.2. Eastern Europe Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Railway System Market

22.1. Russia Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Railway System Market

23.1. North America Railway System Market Overview
23.2. North America Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Railway System Market

24.1. USA Railway System Market Overview
24.2. USA Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Railway System Market

25.1. Canada Railway System Market Overview
25.2. Canada Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Railway System Market

26.1. South America Railway System Market Overview
26.2. South America Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Railway System Market

27.1. Brazil Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Railway System Market

28.1. Middle East Railway System Market Overview
28.2. Middle East Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Railway System Market

29.1. Africa Railway System Market Overview
29.2. Africa Railway System Market, Segmentation By Transit Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Railway System Market, Segmentation By System Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Railway System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Railway System Market Competitive Landscape And Company Profiles

30.1. Railway System Market Competitive Landscape
30.2. Railway System Market Company Profiles
- 30.2.1. Hitachi Ltd. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. Siemens AG Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. General Electric Company Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. Mitsubishi Heavy Industries Ltd. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. ABB Ltd. Overview, Products and Services, Strategy and Financial Analysis

31. Railway System Market Other Major And Innovative Companies

31.1. Toshiba Corporation
31.2. Alstom SA
31.3. Wabtec Corporation
31.4. Knorr-Bremse AG
31.5. Bombardier Inc.
31.6. STADLER RAIL AG
31.7. Stadler Rail AG
31.8. Construcciones Y Auxiliar de Ferrocarriles
31.9. Hyundai Rotem Company
31.10. Thermo King
31.11. Trinity Industries Inc.
31.12. Bharat Heavy Electricals Ltd.
31.13. American Equipment Company
31.14. Fuji Electric Co. Ltd.
31.15. Calamp Corporation

32. Global Railway System Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Railway System Market

34. Recent Developments In The Railway System Market

35. Railway System Market High Potential Countries, Segments and Strategies

35.1 Railway System Market In 2029 - Countries Offering Most New Opportunities
35.2 Railway System Market In 2029 - Segments Offering Most New Opportunities
35.3 Railway System Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer

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