Rail Infrastructure Market worth 54.55 Billion USD by 2020


Posted June 20, 2019 by rechaldey

stimated market size of USD 45.73 Billion in 2015. It is projected to grow to 54.55 Billion by 2020

 
The report "Rail Infrastructure Market by Infrastructure (Rail Network, New Track Investment and Maintenance Investment), by Type (Locomotive, Rapid Transit Vehicle and Railcar) and Region (Europe, Asia-Pacific, North America and RoW) - Global Forecast 2020. Estimated market size of USD 45.73 Billion in 2015. It is projected to grow to 54.55 Billion by 2020, at a CAGR of 3.59%. The increasing urbanization across the globe and railway privatization in growing economies of Asia-Pacific are some of the key drivers fueling the growth of the rolling stock infrastructure market.

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Railroad car market: Set to grow at the highest CAGR market, in terms of value, during forecasted period
The report segments the global rail infrastructure market on the basis of type into railroad, rapid transit, and locomotive. Locomotives are traditionally used to haul freight and passenger wagons for long distance main line transport. However, vehicles such as metros, light rail vehicles, and subways are being used for intra-city as well as intercity transportation. The growth of this market can be attributed to factors such as the growing global population, increasing urbanization, rising need for cleaner and faster modes of transportation, and economic growth.

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Asia-Pacific: Fastest-growing’ market, in terms of value, for rolling stock and its infrastructure
Asia-Oceania comprises emerging and developing economies such as India, China, Japan, and Korea, and is experiencing a considerable growth in population. The rolling stock industry is witnessing growing demand after a weak performance in 2008, following the global recession. Global OEMs are investing in this region, following new market opportunities. Increasing urbanization, reduction of road congestion, and technological advancements in rolling stocks are driving growth of the rolling stock infrastructure industry in Asia-Pacific. This has resulted in a surge in demand for locomotives, rapid transit vehicles, and wagons. The region houses major players such as CSR Corporation Ltd. (China) and Kawasaki Heavy Industries Ltd. (Japan).

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North America:Promising market for rolling stock
North America is witnessing a growth in the demand for locomotives and rapid transit vehicles, which is positively impacting the rolling stock infrastructure industry. An increasing number of Eastern European and Asian players are forming joint ventures with U.S. manufacturers, as the rolling stock manufactured in the North American region is considered technologically advanced. Furthermore, North America is a major market for rolling stock owing to the increasing urbanization in the region. Major suppliers such as GE Transportation (U.S.) and Bombardier Inc. (Canada) are catering to the rising demand in the region.

Rail Infrastructure Market Key Players

The global rail infrastructure market ecosystem consists of manufacturers including CSR Corp. (China) Bombardier Transportation (Canada), and Alstom (France), Research Institutes such as the Railway Technical Research Institute of India, CNR Sifang Rolling Stock Research Institute China, and Qingdao Sifang Rolling Stock Research Institute Co., Ltd, and JSC Railway Research Institute (VNIIZHT) among others.

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Last Updated June 20, 2019