News Contact Us

Railway Aftermarket 2019-2026 : Share Forecasts, Regional Trends & Growth drivers

Author : Ronak Bora | Published Date : 2020-09-15 

Railway aftermarket is estimated to record significant gains over the forthcoming years. Rail is the transport backbone of a sustainable economy and is a vital service to the global security. Today, it has an exceptional opportunity to achieve the sustainability that is needed to stay afloat in the present efficiency and emission-conscious world. Railways can also effectively respond to the expected growth in demand for transport, in freight as well as passenger, thereby augmenting railway aftermarket.

Based on subsystem, the railway aftermarket is bifurcated into body structures, auxiliary systems, braking systems, boggies/wheelsets & suspension, rail tracks & equipment, traction & propulsion, and others. Among these the body structures segment held a market share of 6% in 2018 and is projected to grow at a CAGR of over 2.8% throughout the assessment period.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/4511

Lightweight vehicles generally reduce axle loads, thereby resulting in cost benefits by minimizing maintenance costs of rail track as well as consumption of energy required to drive vehicles. High speed trains will not emerge without the efforts for weight-saving. These efforts are would be one of the key factors responsible for impelling the growth of the body structures segment.

Lightweight vehicle production can also be achieved in numerous ways including design modifications created using optimization techniques, by eliminating overall number of components, via leveraging their multi-functionality, and by using lightweight materials.

Due to adoption of advanced materials, aluminum alloys, and fiber reinforced composites, stainless steel is gradually being phased out as the base material used for railway car body structures. To that end, the body structures segment will showcase momentous growth owing to the usage of lightweight vehicles.

Request for customization @ https://www.gminsights.com/roc/4511

Based on product, the market is divided into rail infrastructure, and rolling stock & locomotive. The rolling stock & locomotive segment is further bifurcated into passenger coaches, freight wagons, locomotives, light rail & trams, metro, and high-speed railway (HSR).

Among these, the passenger coaches segment held a revenue share of around 23% in 2018. Proliferating passenger rail transportation along with increasing rail networks across developing countries would spur the segment size over the coming years.

Citing an instance, the Modern Coach Factory, a coach manufacturing unit of the Railway Ministry of India, has increased the production of passenger coaches. There has been improvement in quality of coaches as well, leading to lesser amount of customer complaints. The railways have also increased the level of production and use of LHB (Linke Hoffmann Busch) coaches since these are lighter and have the ability to withstand accidents better, thereby ensuring safety of passengers.

With respect to the service provider landscape, the market is classified into rail operators, component suppliers and OEM. Among these, the railway operators segment is expected to exhibit a CAGR of over 3.2% through the anticipated time duration. Shifting inclination of fleet operators towards generating real time data and performance measurement of railway systems is also likely to escalate the growth of this segment.

From a regional frame of reference, the Middle East railway aftermarket is likely to grow at a CAGR of 2% with respect to revenue throughout the forecast time period. Owing to higher prices of oil and diversified revenue sources, the Gulf States are picking up speed in rail investments with numerous railway network expansion projects, thereby fueling the industry growth.

Get In-depth table of contents @ https://www.gminsights.com/toc/detail/railway-aftermarket

Report Content

Chapter 1. Methodology and Scope

1.1.  Methodology

1.1.1.   Initial data exploration

1.1.2.   Statistical model and forecast

1.1.3.   Industry insights and validation

1.1.4.   Scope, definition and forecast parameters

1.2.  Data Sources

1.2.1.   Secondary

1.2.2.   Primary

Chapter 2. Executive Summary

2.1.  Railway aftermarket industry 3600 synopsis, 2016 - 2026

2.1.1.   Business trends

2.1.2.   Subsystem trends

2.1.3.   Product trends

2.1.4.   Service provider trends

2.1.5.   Regional trends

Chapter 3. Railway Aftermarket Industry Insights

3.1.  Industry segmentation

3.2.  Industry landscape, 2016 - 2026

3.3.  Industry ecosystem analysis

3.3.1.   Raw material suppliers

3.3.2.   Manufacturers

3.3.3.   Profit margin analysis

3.3.4.   Service providers

3.3.5.   Vendor matrix

3.4.  Emerging maintenance ecosystem outlook

3.5.  Technology landscape

3.5.1.   Smart rail maintenance

3.6.  Key railway industry statistics

3.6.1.   Global railway network by country (kms)

3.6.2.   Global rail infrastructure investments by country (USD Billion)

3.6.3.   Global rail passenger transport, by country (million passenger-kilometers)

3.6.4.   Global freight rail transport, by country (million tonne-kilometers)

3.7.  Regulatory landscape

3.7.1.   North America

3.7.2.   Europe

3.7.3.   APAC

3.7.4.   LATAM

3.7.5.   MEA

3.8.  Industry impact forces

3.8.1.   Growth drivers Stringent regulations for railway emission reduction    Ageing railway fleet    Increasing rail freight transportation    Technological advancements in railway maintenance

3.8.2.   Industry pitfalls & challenges   High initial cost of predictive rail asset maintenance

3.9.  Innovation and sustainability

3.10.    Major global railway expansion and maintenance projects

3.11.    Growth potential analysis

3.12.    Porter's analysis

3.13.    Competitive landscape, 2018

3.13.1.   Company market share analysis, 2018

3.13.2.   Key stake holders

3.13.3.   Strategy dashboard

3.14.   PESTEL analysis

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

Related News

North America Beverage Refrigeration Market Growth Predicted at 5% CAGR through 2024

Published Date: 2020-09-21         Author: Ronak Bora

The research report on North America Beverage Refrigeration Market offers a thorough understanding on this industry with significant details subject to its overall foothold in the global landscape and its application across major end-user industries and sectors. According to this report, North Am... Read More

North America Breast Implants Market Size to Expand at Over 9% CAGR through 2025

Published Date: 2020-09-21         Author: Ronak Bora

The study on North America Breast Implants Market provides a complete view on the industry with intricate details subject to its overall stance in the global landscape along with specifying various applications across major end-user sectors. North America Breast Implants industry, as per the gi... Read More

North America Automotive Camera Market Revenue to Surpass USD 5 Billion by 2025

Published Date: 2020-09-21         Author: Ronak Bora

The research report on North America Automotive Camera Market provides a comprehensive understanding of the overall market with substantial details including its position in the global economy and its applications across myriad end-users segments. According to the given report, the North America aut... Read More

© 2020 Fractovia. All Rights Reserved