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Rail Vehicle Market by Product Type (Automated People Movers, Automated Monorails, Light Rail Vehicles, Metros, Locomotives, and Others), by Application (Passenger and Freight), and by Technology (Mechanical Drive, Electric Drive, and Hydraulic Drive) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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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 from 2017 to 2023 is provided to determine the market potential.

Rail Vehicle Market Key Segments:

By Product Type

  • Automated People Movers
  • Automated Monorails
  • Light Rail Vehicles
  • Metros
  • Locomotives
  • Others (High Speed Train, Freights/Goods Rail)

By Application

  • Passenger
  • Freight

By Technology

  • Mechanical Drive
  • Electric Drive
  • Hydraulic Drive

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
    • Latin America
    • Middle East
    • Africa

Key Market Players

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


1.1. Report description
1.2. Key benefits
1.3. Key market segments
1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tool & model


2.1. CXO Perspective


3.1. Market definition and scope
3.2. Key findings

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. Porters five force analysis
3.4. Market share analysis, 2016
3.5. Market dynamics

3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities


4.1. Overview

4.1.1. Market size and forecast

4.2. Automated People Movers

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. Automated Monorails

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

4.4. Light Rail Vehicles

4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast

4.5. Metros

4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast

4.6. Locomotives

4.6.1. Key market trends
4.6.2. Key growth factors and opportunities
4.6.3. Market size and forecast

4.7. Others

4.7.1. Key market trends
4.7.2. Key growth factors and opportunities
4.7.3. Market size and forecast


5.1. Overview

5.1.1. Market size and forecast

5.2. Passenger

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. Freight

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast


6.1. Overview

6.1.1. Market size and forecast

6.2. Mechanical Drive

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast

6.3. Electric Drive

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast

6.4. Hydraulic Drive

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast

Chapter: 7. RAIL VEHICLE MARKET, BY REGION, 2017-2023

7.1. Overview

7.1.1. Market size and forecast

7.2. North America

7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast U.S. market size and forecast Canada market size and forecast Mexico market size and forecast

7.2.4. North America rail vehicle market by product type
7.2.5. North America rail vehicle market by application
7.2.6. North America rail vehicle market by technology

7.3. Europe

7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast Germany France UK Italy Rest of Europe

7.3.4. Europe rail vehicle market by product type
7.3.5. Europe rail vehicle market by application
7.3.6. Europe rail vehicle market by technology

7.4. Asia-Pacific

7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast China India Japan Rest of Asia-Pacific

7.4.4. Asia-Pacific rail vehicle market by product type
7.4.5. Asia-Pacific rail vehicle market by application
7.4.6. Asia-Pacific rail vehicle market by technology

7.5. LAMEA

7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast Latin America Middle East Africa

7.5.4. LAMEA rail vehicle market by product type
7.5.5. LAMEA rail vehicle market by application
7.5.6. LAMEA rail vehicle market by technology


8.1. Alstom

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Business performance
8.1.4. Operating business segments
8.1.5. Strategic moves and developments

8.2. Bombardier

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Business performance
8.2.4. Operating business segments
8.2.5. Strategic moves and developments

8.3. China CNR

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Business performance
8.3.4. Operating business segments
8.3.5. Strategic moves and developments

8.4. General Electric

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Business performance
8.4.4. Operating business segments
8.4.5. Strategic moves and developments

8.5. Hyundai Rotem

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Business performance
8.5.4. Operating business segments
8.5.5. Strategic moves and developments

8.6. Inekon Trams

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Business performance
8.6.4. Operating business segments
8.6.5. Strategic moves and developments

8.7. Knorr- Bremse

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Business performance
8.7.4. Operating business segments
8.7.5. Strategic moves and developments

8.8. Siemens

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Business performance
8.8.4. Operating business segments
8.8.5. Strategic moves and developments

8.9. US Railcar

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Business performance
8.9.4. Operating business segments
8.9.5. Strategic moves and developments

8.10. Vossloh

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Business performance
8.10.4. Operating business segments
8.10.5. Strategic moves and developments

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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  • Chief executives and VPs of leading corporations specific to industry
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Analyst tools and models
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