Report Description
The global rail infrastructure market size was more than USD 49.04 billion in 2022, and it is anticipated to expand at USD 67.42 billion in 2031, at a CAGR of 3.6% during the forecast period 2023-2031. Growth of the market is attributed to increasing urbanization to propel the demand for intra-city mobility solutions in emerging nations.
Rail transportation offers an ideal, safe, comfortable, and environment friendly mobility solution for urban and interurban transportation systems which is expected to assist in the development of infrastructure for connectivity of metros to the suburbs. Increasing population is further expected to boost the demand for rolling stock and supporting infrastructure such as maintenance and services.
Rail infrastructure refers to the foundation that supports the transport system, which is a vital driver of social and economic development, connects railway stations, and airports. It connects individuals to jobs, health services, and education on a daily basis. It facilitates the supply of goods and services globally.
In 2020, the performance of the rail freight transport was decrease by 6.5%, due to COVID-19 pandemic, contact and travel restrictions as well as distance rules where there which estimates a significant reduction in passenger numbers for long-distance, regional and urban rail transport of approx. 34.6%.
Rail Infrastructure Market Drivers, Restraints, Trends, and Opportunities
-
Growing number of transportation due to rapid globalization, transport infrastructure aging, and increase in population is expected to propel the market.
-
Growing population has led to a rise in traffic, increase in fuel prices, and shrinking resources are creating robust demand for rail infrastructure market.
-
High capital investments restraint the market growth. The return on investment (ROI) period is also long and is projected to hinder the market growth.
-
Several nations lack sufficient capital or space to build additional roads and railways, which is estimated to hamper the market growth.
-
The rising demand for passenger rail in emerging nations and additional services in developed nations is anticipated to drive the market.
Scope of the Rail Infrastructure Market Report
The report on global rail infrastructure market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report
Attributes
|
Details
|
Report Title
|
Rail Infrastructure Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
Base Year
|
2022
|
Historic Data
|
2016–2021
|
Forecast Period
|
2023–2031
|
Segmentation
|
Types (Locomotive, Rapid Transit Vehicle, and Railcar) and Applications (Rail Network, New Track Investment, and Maintenance Investment)
|
Regional Scope
|
North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
|
Report Coverage
|
Company Share, Market Analysis & Size, Competitive Landscape, Growth Factors, Trends, and Revenue Forecast
|
Key Players Covered in the Report
|
GE Company, Bombardier Transportation, Alstom, Siemens, Kawasaki Heavy Industries, National Railroad Passenger Corporation, BNSF Railway Company, Norfolk Southern Corp, The Kansas City Southern Railway Company, and Union Pacific Railroad Company
|
Rail Infrastructure Market Segment Insights
The locomotive segment to hold a significant market share
On the basis of types, the market is divided into locomotive, rapid transit vehicle, and railcar. Locomotives are traditionally used to haul freight and passenger wagons for long distance main line transport whereas, vehicles such as metros, light rail vehicles, and subways are being used for intra-city as well as intercity transportation.
The rapid transit vehicle segment is expected at a substantial CAGR during the forecast period, attributed to factors such as rise in global population, increasing urbanization, rising need for cleaner and faster modes of transportation, and economic growth.
The rail track investment segment is expected to boost the market during the forecast period
In terms of applications, the market is segmented into rail network, new track investment, and maintenance investment. Increasing population in urban areas is anticipated to fuel the rail network segment in the near future. Rise in rail traffic is expected to propel investments in rail and rail track maintenance.
Growing global population, coupled with urbanization, increasing need for cleaner and faster modes of transportation, and economic growth all these factors are expected to hold a large market share during the forecast period.
Asia Pacific to account a considerable market share
In terms of regions, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific region comprises emerging and developing economies such as India, China, Japan, and South Korea these regions are experiencing a considerable growth due to urbanization, high growth rate of urban population, and railway privatization in countries like China and Japan.
Increasing demand from North America and Europe for locomotives and rapid transit vehicles are estimated to drive the market in the region. The stringent fuel economy norms in Europe are expected to expand market share in forecast period as they are estimated to promote research to develop renewable energy through new fuel and propulsion systems.
Segments
The global rail infrastructure market has been segmented on the basis of
Types
- Locomotive
- Rapid Transit Vehicle
- Railcar
Applications
- Rail Network
- New Track Investment
- Maintenance Investment
Regions
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Players
Competitive Landscape
Major players of the market are GE Company, Bombardier Transportation, Alstom, Siemens, Kawasaki Heavy Industries, National Railroad Passenger Corporation, BNSF Railway Company, Norfolk Southern Corp, The Kansas City Southern Railway Company, and Union Pacific Railroad Company.
Several business strategies adopted by major companies include mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rail Infrastructure Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Rail Infrastructure Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rail Infrastructure Market - Supply Chain
4.5. Global Rail Infrastructure Market Forecast
4.5.1. Rail Infrastructure Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rail Infrastructure Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Rail Infrastructure Market Absolute $ Opportunity
5. Global Rail Infrastructure Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Rail Infrastructure Market Size and Volume Forecast by Types
5.3.1. Locomotive
5.3.2.
Rapid Transit Vehicle
5.3.3.
Railcar
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Rail Infrastructure Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Rail Infrastructure Market Size and Volume Forecast by Applications
6.3.1. Rail Network
6.3.2.
New Track Investment
6.3.3.
Maintenance Investment
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Rail Infrastructure Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Rail Infrastructure Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Rail Infrastructure Demand Share Forecast, 2019-2026
8. North America Rail Infrastructure Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Rail Infrastructure Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Rail Infrastructure Market Size and Volume Forecast by Types
8.4.1. Locomotive
8.4.2.
Rapid Transit Vehicle
8.4.3.
Railcar
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Rail Infrastructure Market Size and Volume Forecast by Applications
8.7.1. Rail Network
8.7.2.
New Track Investment
8.7.3.
Maintenance Investment
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Rail Infrastructure Demand Share Forecast, 2019-2026
9. Latin America Rail Infrastructure Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Rail Infrastructure Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Rail Infrastructure Market Size and Volume Forecast by Types
9.4.1. Locomotive
9.4.2.
Rapid Transit Vehicle
9.4.3.
Railcar
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Rail Infrastructure Market Size and Volume Forecast by Applications
9.7.1. Rail Network
9.7.2.
New Track Investment
9.7.3.
Maintenance Investment
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Rail Infrastructure Demand Share Forecast, 2019-2026
10. Europe Rail Infrastructure Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Rail Infrastructure Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Rail Infrastructure Market Size and Volume Forecast by Types
10.4.1. Locomotive
10.4.2.
Rapid Transit Vehicle
10.4.3.
Railcar
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Rail Infrastructure Market Size and Volume Forecast by Applications
10.7.1. Rail Network
10.7.2.
New Track Investment
10.7.3.
Maintenance Investment
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Rail Infrastructure Demand Share Forecast, 2019-2026
11. Asia Pacific Rail Infrastructure Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Rail Infrastructure Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Rail Infrastructure Market Size and Volume Forecast by Types
11.4.1. Locomotive
11.4.2.
Rapid Transit Vehicle
11.4.3.
Railcar
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Rail Infrastructure Market Size and Volume Forecast by Applications
11.7.1. Rail Network
11.7.2.
New Track Investment
11.7.3.
Maintenance Investment
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Rail Infrastructure Demand Share Forecast, 2019-2026
12. Middle East & Africa Rail Infrastructure Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Rail Infrastructure Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Rail Infrastructure Market Size and Volume Forecast by Types
12.4.1. Locomotive
12.4.2.
Rapid Transit Vehicle
12.4.3.
Railcar
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Rail Infrastructure Market Size and Volume Forecast by Applications
12.7.1. Rail Network
12.7.2.
New Track Investment
12.7.3.
Maintenance Investment
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Rail Infrastructure Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Rail Infrastructure Market: Market Share Analysis
13.2. Rail Infrastructure Distributors and Customers
13.3. Rail Infrastructure Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. GE Company
13.4.2.
Bombardier Transportation
13.4.3.
Alstom
13.4.4.
Siemens
13.4.5.
Kawasaki Heavy Industries
13.4.6.
National Railroad Passenger Corporation
13.4.7.
BNSF Railway Company
13.4.8.
Norfolk Southern Corp
13.4.9.
The Kansas City Southern Railway Company
13.4.10.
Union Pacific Railroad Company