The report titled “Global Rail Equipment Market: Trends and Opportunities (2014-2019)” provides an insight into overall rail equipment sector over the years with a special focus on major categories- rolling stock, infrastructure, services and signaling. The report includes detailed information on market size, geographical segmentation and product lines segmentation in rail equipment sector. It also discusses key growth drivers, challenges and trends of the market. Further, companies like CSR Corp, Zhuzhou CSR Times Electric Co. Ltd, China CNR Corp, Alstom are profiled in the report.?
- Rolling Stock - Infrastructure - Services - Signalling
- North America - Europe - Asia Pacific – China, India
- CSR Corp - Zhuzhou CSR Times Electric Co. Ltd - China CNR Corp - Alstom
The rail equipment market has benefited from strong growth over the past few years, driven by economic growth, urbanization and a rising concern for environment. Moreover, existing transport infrastructures are increasingly saturated, causing modal shift from air and road to rail. The rail equipment market is divided into rolling stock and non-rolling stock. Rolling Stock (rail vehicles) comprises all the vehicles that move on a railway and includes locomotives, metro, very high speed trains, intercity passenger rail, regional railways, light rail trains and trams. Non Rolling Stock consists of railway infrastructure (construction of railway tracks, electrification), control systems (signaling and information solutions) and services (maintenance support and technical support). Rolling stock is the largest sub-segment by market share followed by infrastructure, services and signaling.
Key rail equipment markets are Europe, North America and Asia/Pacific with Europe representing maximum share of the market. Asia and Latin America regions are expected to register the highest growth rates. The European market is expected to experience a slower growth in coming years due to economic slowdown and increased public deficits. Middle East and Africa region will continue to grow mainly by significant orders for EMUs (Electric Multiple Unit) and locomotives in South Africa, as well as by urban transportation and main line transportation projects in Saudi Arabia, Qatar and the United Arab Emirates.
Factors contributing to rail equipment market include demographic growth, increased urbanization, infrastructure saturation, increased environmental awareness and new projects being approved by Government. Government budget constraints are a risk to the overall industry. Given its high concentration of customers, the sector’s price bargaining power is low.
The rail equipment market is characterized by intense competition with numerous players competing on the basis of product performance, continuous research and development, introduction of new technology. The leading companies in the sector include CSR Corp, Zhuzhou CSR Times Electric Co. Ltd, China CNR Corp, Alstom and Bombardier among others.
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