Railway Equipment Market (Updated Version Available)

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 demand for freight rolling stock is significantly high in the global railroad equipment manufacturing market. This demand is basically due to the hike in the prices of fuel across the globe at it acts as the key source behind the working of the transportation industry. This has shifted the trend of freight transport to rails from trucks.
Companies operating in the railroad equipment manufacturing industry are involved in the manufacturing of brakes, locomotives, passenger rail cars and freight, and other parts used in operating railroads. The transport equipment manufacturing industry has become the pivot for economic developments across several countries worldwide. The demand for these Equipment has intensified owing to the rising volume of transported products and the expansion of the distance covered by logistics vehicles. This particular trend is expected to gain traction over the coming years.
Region-wise, Europe and Asia Pacific are the leading regions in terms of manufacturing of railroad equipment. This growth is mainly due to effective policies and large scale investment by leading companies and governments. Brazil, China, and India have been identified as emerging markets in the Asia Pacific region. China's Ministry of Railways is the main purchaser of industry products, which are largely supplied by state-owned operator, CRRC Corporation Limited. The dominance of the company makes this industry a virtual duopoly.
The key companies are CRRC, Siemens, Alstom, Bombardier, CRECG, CRCC, General Electric, Hitachi, Transmashholding, Voestalpine, Toshiba, Kawasaki, Hyundai Rotem, CRSC, Wabtec and etc.

The report offers detailed coverage of Railway Equipment industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Railway Equipment by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Railway Equipment market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.

First, this report covers the present status and the future prospects of the global Railway Equipment market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
CRRC
Alstom
Siemens
Bombardier
CRCC
CRECG
General Electric
Hitachi
Hyundai Rotem
Transmashholding
Voestalpine
Toshiba
Kawasaki
CRSC
Wabtec

At the same time, we classify Railway Equipment according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
Market by Order Type
Rolling Stock
Railway Infrastructure
Others
Market by Application
Locomotives
DMUs
EMUs
Freight Vehicles
Others

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Railway Equipment market for the forecast period 2021 - 2025?
• What are the driving forces in the Railway Equipment market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Railway Equipment industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?