Abstract
Summary
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 global market for Railway Equipment was estimated to be worth US$ 138090 million in 2023 and is forecast to a readjusted size of US$ 189760 million by 2030 with a CAGR of 4.3% during the forecast period 2024-2030.
Global Railway Equipment key players include CRRC, Alstom, Siemens, Hitachi and Wabtec. Global top five manufacturers hold a share over 30%.
China is the largest market, with a share over 30%, followed by Europe and United States, both have a share over 40% percent.
In terms of product, Rolling Stock is the largest segment, with a share over 50%. And in terms of application, the largest application is Locomotives, followed by EMUs.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Railway Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyse their position in the current marketplace, and make informed business decisions regarding Railway Equipment.
The Railway Equipment market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Railway Equipment market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Railway Equipment companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.
Market Segmentation
By Company
CRRC
Alstom
Hitachi
Siemens
Wabtec
TMH
Stadler Rai
Knorr-Bremse
Greenbrier
CAF
Trinity Industries
Voestalpine
CRECG
CRSC
Bombardier
Segment by Type
Rolling Stock
Railway Infrastructure
Others
Segment by Application
Locomotives
DMUs
EMUs
Freight Vehicles
Others
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on.
Chapter 2: Revenue of Railway Equipment in global and regional level.
Chapter 3: Detailed analysis of Railway Equipment company competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Railway Equipment revenue, gross margin, and recent development, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, revenue for each segment.
Chapter 9: Asia Pacific by Type, by Application and by region, revenue for each segment.
Chapter 10: Latin America by Type, by Application and by country, revenue for each segment.
Chapter 11: Middle East and Africa, by Type, by Application and by country, revenue for each segment.
Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 13: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 14: Research Findings and Conclusion
The global market for Railway Equipment was estimated to be worth US$ 138090 million in 2023 and is forecast to a readjusted size of US$ 189760 million by 2030 with a CAGR of 4.3% during the forecast period 2024-2030.
Global Railway Equipment key players include CRRC, Alstom, Siemens, Hitachi and Wabtec. Global top five manufacturers hold a share over 30%.
China is the largest market, with a share over 30%, followed by Europe and United States, both have a share over 40% percent.
In terms of product, Rolling Stock is the largest segment, with a share over 50%. And in terms of application, the largest application is Locomotives, followed by EMUs.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Railway Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyse their position in the current marketplace, and make informed business decisions regarding Railway Equipment.
The Railway Equipment market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Railway Equipment market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Railway Equipment companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.
Market Segmentation
By Company
CRRC
Alstom
Hitachi
Siemens
Wabtec
TMH
Stadler Rai
Knorr-Bremse
Greenbrier
CAF
Trinity Industries
Voestalpine
CRECG
CRSC
Bombardier
Segment by Type
Rolling Stock
Railway Infrastructure
Others
Segment by Application
Locomotives
DMUs
EMUs
Freight Vehicles
Others
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on.
Chapter 2: Revenue of Railway Equipment in global and regional level.
Chapter 3: Detailed analysis of Railway Equipment company competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Railway Equipment revenue, gross margin, and recent development, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, revenue for each segment.
Chapter 9: Asia Pacific by Type, by Application and by region, revenue for each segment.
Chapter 10: Latin America by Type, by Application and by country, revenue for each segment.
Chapter 11: Middle East and Africa, by Type, by Application and by country, revenue for each segment.
Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 13: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 14: Research Findings and Conclusion
Table of Contents
1 Study Coverage
1.1 Railway Equipment Product Introduction
1.2 Market by Type
1.2.1 Global Railway Equipment Market Size Growth Rate by Type (2019 VS 2023 VS 2030)
1.2.2 Rolling Stock
1.2.3 Railway Infrastructure
1.2.4 Others
1.3 Market by Application
1.3.1 Global Railway Equipment Market Size Growth Rate by Application (2019 VS 2023 VS 2030)
1.3.2 Locomotives
1.3.3 DMUs
1.3.4 EMUs
1.3.5 Freight Vehicles
1.3.6 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Executive Summary
2.1 Global Railway Equipment Market Size Estimates and Forecasts
2.2 Railway Equipment Market Size by Region: 2023 Versus 2030
2.2.1 Global Railway Equipment Revenue by Region: 2019-2024
2.2.2 Global Railway Equipment Revenue Forecast by Region (2025-2030)
2.2.3 Global Railway Equipment Revenue Market Share by Region (2019-2030)
3 Global Railway Equipment by Company
3.1 Global Railway Equipment Revenue by Company (2019-2024)
3.2 Global Railway Equipment Revenue Share by Company (2019-2024)
3.3 Competitive Landscape
3.3.1 Key Railway Equipment Companies around the World: Ranking by Revenue
3.3.2 Global Railway Equipment Market Concentration Ratio (CR5 and HHI) & (2019-2024)
3.3.3 Global Railway Equipment Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.4 Global Railway Equipment Companies Headquarters & Product Type
3.4.1 Railway Equipment Companies Headquarters
3.4.2 Global Railway Equipment Companies Product & Service
3.4.3 Date of International Companies Enter into Railway Equipment Market
3.5 Global Railway Equipment Mergers & Acquisitions, Expansion Plans
4 Company Profiles
4.1 CRRC
4.1.1 CRRC Company Information
4.1.2 CRRC Description, Business Overview
4.1.3 CRRC Railway Equipment Products Offered
4.1.4 CRRC Railway Equipment Revenue and Gross Margin (2019-2024)
4.1.5 CRRC Railway Equipment Revenue by Product in 2023
4.1.6 CRRC Railway Equipment Revenue by Application in 2023
4.1.7 CRRC Railway Equipment Revenue by Geographic Area in 2023
4.1.8 CRRC Recent Developments
4.2 Alstom
4.2.1 Alstom Company Information
4.2.2 Alstom Description, Business Overview
4.2.3 Alstom Railway Equipment Products Offered
4.2.4 Alstom Railway Equipment Revenue and Gross Margin (2019-2024)
4.2.5 Alstom Railway Equipment Revenue by Product in 2023
4.2.6 Alstom Railway Equipment Revenue by Application in 2023
4.2.7 Alstom Railway Equipment Revenue by Geographic Area in 2023
4.2.8 Alstom Recent Developments
4.3 Hitachi
4.3.1 Hitachi Company Information
4.3.2 Hitachi Description, Business Overview
4.3.3 Hitachi Railway Equipment Products Offered
4.3.4 Hitachi Railway Equipment Revenue and Gross Margin (2019-2024)
4.3.5 Hitachi Railway Equipment Revenue by Product in 2023
4.3.6 Hitachi Railway Equipment Revenue by Application in 2023
4.3.7 Hitachi Railway Equipment Revenue by Geographic Area in 2023
4.3.8 Hitachi Recent Developments
4.4 Siemens
4.4.1 Siemens Company Information
4.4.2 Siemens Description, Business Overview
4.4.3 Siemens Railway Equipment Products Offered
4.4.4 Siemens Railway Equipment Revenue and Gross Margin (2019-2024)
4.4.5 Siemens Railway Equipment Revenue by Product in 2023
4.4.6 Siemens Railway Equipment Revenue by Application in 2023
4.4.7 Siemens Railway Equipment Revenue by Geographic Area in 2023
4.4.8 Siemens Recent Developments
4.5 Wabtec
4.5.1 Wabtec Company Information
4.5.2 Wabtec Description, Business Overview
4.5.3 Wabtec Railway Equipment Products Offered
4.5.4 Wabtec Railway Equipment Revenue and Gross Margin (2019-2024)
4.5.5 Wabtec Railway Equipment Revenue by Product in 2023
4.5.6 Wabtec Railway Equipment Revenue by Application in 2023
4.5.7 Wabtec Railway Equipment Revenue by Geographic Area in 2023
4.5.8 Wabtec Recent Developments
4.6 TMH
4.6.1 TMH Company Information
4.6.2 TMH Description, Business Overview
4.6.3 TMH Railway Equipment Products Offered
4.6.4 TMH Railway Equipment Revenue and Gross Margin (2019-2024)
4.6.5 TMH Railway Equipment Revenue by Product in 2023
4.6.6 TMH Railway Equipment Revenue by Application in 2023
4.6.7 TMH Railway Equipment Revenue by Geographic Area in 2023
4.6.8 TMH Recent Development
4.7 Stadler Rai
4.7.1 Stadler Rai Company Information
4.7.2 Stadler Rai Description, Business Overview
4.7.3 Stadler Rai Railway Equipment Products Offered
4.7.4 Stadler Rai Railway Equipment Revenue and Gross Margin (2019-2024)
4.7.5 Stadler Rai Railway Equipment Revenue by Product in 2023
4.7.6 Stadler Rai Railway Equipment Revenue by Application in 2023
4.7.7 Stadler Rai Railway Equipment Revenue by Geographic Area in 2023
4.7.8 Stadler Rai Recent Development
4.8 Knorr-Bremse
4.8.1 Knorr-Bremse Company Information
4.8.2 Knorr-Bremse Description, Business Overview
4.8.3 Knorr-Bremse Railway Equipment Products Offered
4.8.4 Knorr-Bremse Railway Equipment Revenue and Gross Margin (2019-2024)
4.8.5 Knorr-Bremse Railway Equipment Revenue by Product in 2023
4.8.6 Knorr-Bremse Railway Equipment Revenue by Application in 2023
4.8.7 Knorr-Bremse Railway Equipment Revenue by Geographic Area in 2023
4.8.8 Knorr-Bremse Recent Development
4.9 Greenbrier
4.9.1 Greenbrier Company Information
4.9.2 Greenbrier Description, Business Overview
4.9.3 Greenbrier Railway Equipment Products Offered
4.9.4 Greenbrier Railway Equipment Revenue and Gross Margin (2019-2024)
4.9.5 Greenbrier Railway Equipment Revenue by Product in 2023
4.9.6 Greenbrier Railway Equipment Revenue by Application in 2023
4.9.7 Greenbrier Railway Equipment Revenue by Geographic Area in 2023
4.9.8 Greenbrier Recent Development
4.10 CAF
4.10.1 CAF Company Information
4.10.2 CAF Description, Business Overview
4.10.3 CAF Railway Equipment Products Offered
4.10.4 CAF Railway Equipment Revenue and Gross Margin (2019-2024)
4.10.5 CAF Railway Equipment Revenue by Product in 2023
4.10.6 CAF Railway Equipment Revenue by Application in 2023
4.10.7 CAF Railway Equipment Revenue by Geographic Area in 2023
4.10.8 CAF Recent Development
4.11 Trinity Industries
4.11.1 Trinity Industries Company Information
4.11.2 Trinity Industries Description, Business Overview
4.11.3 Trinity Industries Railway Equipment Products Offered
4.11.4 Trinity Industries Railway Equipment Revenue and Gross Margin (2019-2024)
4.11.5 Trinity Industries Railway Equipment Revenue by Product in 2023
4.11.6 Trinity Industries Railway Equipment Revenue by Application in 2023
4.11.7 Trinity Industries Railway Equipment Revenue by Geographic Area in 2023
4.11.8 Trinity Industries Recent Development
4.12 Voestalpine
4.12.1 Voestalpine Company Information
4.12.2 Voestalpine Description, Business Overview
4.12.3 Voestalpine Railway Equipment Products Offered
4.12.4 Voestalpine Railway Equipment Revenue and Gross Margin (2019-2024)
4.12.5 Voestalpine Railway Equipment Revenue by Product in 2023
4.12.6 Voestalpine Railway Equipment Revenue by Application in 2023
4.12.7 Voestalpine Railway Equipment Revenue by Geographic Area in 2023
4.12.8 Voestalpine Recent Development
4.13 CRECG
4.13.1 CRECG Company Information
4.13.2 CRECG Description, Business Overview
4.13.3 CRECG Railway Equipment Products Offered
4.13.4 CRECG Railway Equipment Revenue and Gross Margin (2019-2024)
4.13.5 CRECG Railway Equipment Revenue by Product in 2023
4.13.6 CRECG Railway Equipment Revenue by Application in 2023
4.13.7 CRECG Railway Equipment Revenue by Geographic Area in 2023
4.13.8 CRECG Recent Development
4.14 CRSC
4.14.1 CRSC Company Information
4.14.2 CRSC Description, Business Overview
4.14.3 CRSC Railway Equipment Products Offered
4.14.4 CRSC Railway Equipment Revenue and Gross Margin (2019-2024)
4.14.5 CRSC Railway Equipment Revenue by Product in 2023
4.14.6 CRSC Railway Equipment Revenue by Application in 2023
4.14.7 CRSC Railway Equipment Revenue by Geographic Area in 2023
4.14.8 CRSC Recent Development
4.15 Bombardier
4.15.1 Bombardier Company Information
4.15.2 Bombardier Description, Business Overview
4.15.3 Bombardier Railway Equipment Products Offered
4.15.4 Bombardier Railway Equipment Revenue and Gross Margin (2019-2024)
4.15.5 Bombardier Railway Equipment Revenue by Product in 2023
4.15.6 Bombardier Railway Equipment Revenue by Application in 2023
4.15.7 Bombardier Railway Equipment Revenue by Geographic Area in 2023
4.15.8 Bombardier Recent Development
5 Breakdown Data by Type
5.1 Global Railway Equipment Revenue by Type (2019-2024)
5.2 Global Railway Equipment Revenue Forecast by Type (2025-2030)
5.3 Railway Equipment Revenue Market Share by Type (2019-2030)
6 Breakdown Data by Application
6.1 Global Railway Equipment Revenue by Application (2019-2024)
6.2 Global Railway Equipment Revenue Forecast by Application (2025-2030)
6.3 Railway Equipment Revenue Market Share by Application (2019-2030)
7 North America
7.1 North America Railway Equipment Market Size YoY Growth 2019-2030
7.2 North America Railway Equipment Market Facts & Figures by Country (2019-2030)
7.3 North America Railway Equipment Revenue by Type (2019-2024)
7.4 North America Railway Equipment Revenue by Application (2019-2024)
8 Asia-Pacific
8.1 Asia-Pacific Railway Equipment Market Size YoY Growth 2019-2030
8.2 Asia-Pacific Railway Equipment Market Facts & Figures by Region (2019-2030)
8.3 Asia-Pacific Railway Equipment Revenue by Type (2019-2024)
8.4 Asia-Pacific Railway Equipment Revenue by Application (2019-2024)
9 Europe
9.1 Europe Railway Equipment Market Size YoY Growth 2019-2030
9.2 Europe Railway Equipment Market Facts & Figures by Country (2019-2030)
9.3 Europe Railway Equipment Revenue by Type (2019-2024)
9.4 Europe Railway Equipment Revenue by Application (2019-2024)
10 Latin America
10.1 Latin America Railway Equipment Market Size YoY Growth 2019-2030
10.2 Latin America Railway Equipment Market Facts & Figures by Country (2019-2030)
10.3 Latin America Railway Equipment Revenue by Type (2019-2024)
10.4 Latin America Railway Equipment Revenue by Application (2019-2024)
11 Middle East and Africa
11.1 Middle East and Africa Railway Equipment Market Size YoY Growth 2019-2030
11.2 Middle East and Africa Railway Equipment Market Facts & Figures by Country (2019-2030)
11.3 Middle East and Africa Railway Equipment Revenue by Type (2019-2024)
11.4 Middle East and Africa Railway Equipment Revenue by Application (2019-2024)
12 Supply Chain and Sales Channel Analysis
12.1 Railway Equipment Supply Chain Analysis
12.2 Railway Equipment Key Raw Materials and Upstream Suppliers
12.3 Railway Equipment Clients Analysis
12.4 Railway Equipment Sales Channel and Sales Model Analysis
12.4.1 Railway Equipment Distribution Channel Analysis: Indirect Sales VS Direct Sales
12.4.2 Railway Equipment Distribution Channel Analysis: Online Sales VS Offline Sales
12.4.3 Railway Equipment Distributors
13 Market Dynamics
13.1 Railway Equipment Industry Trends
13.2 Railway Equipment Market Drivers
13.3 Railway Equipment Market Challenges
13.4 Railway Equipment Market Restraints
14 Research Findings and Conclusion
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Author Details
15.3 Disclaimer