Allied Market Research

2024

Rail Vehicle Market

Rail Vehicle Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, by APPLICATION and by Market Technology : Global Opportunity Analysis and Industry Forecast, 2023-2032

CM : Engineering, Equipment and Machinery

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Author's: | Sonia Mutreja
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Amalgamation of technical innovations and appealing designs, the transport industry has introduced various rail vehicles with optimized operational performance. With alarming increase in road vehicles, public transportation faces numerous challenges such as heavy traffic, congestion, and accidents. Thus, rail vehicles are introduced to reshape the future of urban mobility system.

The need for energy efficient transportation systems is expected to drive the increase in demand for global rail vehicles market. Factors such as rise in rate of population & urbanization and growth in traffic congestions on roads are expected to fuel the growth of the market during the forecast period. Owing to its speedy transportation and sustainability, the market is expected to witness a significant growth during the forecast period. However, rail vehicles incur huge capital outlay in terms of construction and maintenance as compared to other modes of transport, which is therefore expected to limit the growth of the market.

The global rail vehicle market is segmented on the basis of product type, application, technology, and geography. On the basis of product type, the market is classified into automated people movers, automated monorails, light rail vehicles, metros, locomotives, and others (high speed train and freights/goods rail). Based on application, the market is bifurcated into passenger and freight. On the basis of technology, the market is categorized into mechanical drive, electric drive, and hydraulic drive. By geography, it is analyzed across North America, Asia-Pacific, Europe, and LAMEA.

The key players operating in the global rail vehicle market are General Electric, Siemens, US Railcar, Hyundai Rotem, Alstom, Inekon Trams, Knorr-Bremse, China CNR, Vossloh, and Bombardier.

Key Benefits

  • The study provides an in-depth analysis of the global rail vehicle industry and current & future trends to elucidate the imminent investment pockets.
  • Information about key drivers, restrains, and opportunities is provided.
  • Porters Five Forces analysis illustrates the potency of buyers & suppliers operating in the industry.
  • The quantitative analysis of the market¬†is provided to determine the market potential.

Rail Vehicle Market Report Highlights

Aspects Details
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By Product Type
  • AUTOMATED PEOPLE MOVERS
  • AUTOMATED MONORAILS
  • LIGHT RAIL VEHICLES
  • METROS
  • LOCOMOTIVES
  • OTHERS
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By APPLICATION
  • Passenger
  • Freight
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By Market Technology
  • Mechanical Drive
  • Electric Drive
  • Hydraulic Drive
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By Region
  • NORTH AMERICA  (U.S., Canada, Mexico)
  • EUROPE  (Germany, France, UK, Italy, Rest of Europe)
  • ASIA-PACIFIC  (China, India, Japan, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Siemens, Bombardier, China CNR, Hyundai Rotem, Alstom, General Electric, Knorr- Bremse, Vossloh, Inekon Trams, US Railcar

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Rail Vehicle Market

Global Opportunity Analysis and Industry Forecast, 2023-2032