Rail Infrastructure Market

Rail Infrastructure Market

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akash

Author :

Akash Vedpathak

Amulya

Fact-checked by :

Amulya Agarwal

Shreyas

Editor :

Shreyas Tandon

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 Market Outlook

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.

Rail Infrastructure Market Types

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.

Rail Infrastructure Market Region

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.

 Rail Infrastructure Market Key Players

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

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