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Factors such as government initiatives and Public-Private Partnership (PPP), hyper-urbanization and high demographic growth, along with the adoption of automation technologies to improve optimization are anticipated to fuel the rail asset management industry growth in the coming few years. Hence The global rail asset management market size is anticipated to reach at USD 14 billion by 2025.
The rail asset management system includes several solutions that enable improved management of the rail system. It includes several activities such as operation management, traffic planning, maintenance & support, power supply, and infrastructure management, rail-facility information management, station control, and communication network, among others. Additionally, these solutions enable efficient scheduling and timely monitoring of assets which reduces downtime. Predictive and condition-based maintenance work over real-time analytics facilitates decreases the dependence over manual diagnostics of the systems.
Key Segments of the Global Rail Asset Management Market
Type Overview, 2018-2025 (USD Billion)
Application Overview, 2018-2025 (USD Billion)
Regional Overview, 2018-2025 (USD Billion)
Reasons for the study
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Rail asset management system provides enhanced control and operation, traffic planning, passenger and staff information management, data analytics, among others. Additionally, advanced train management solutions implement on-train processing and advanced digital communication to keep track of the location and speed of trains. On the other hand, rail asset management also delivers disaster management, which is upheld to be essential for the safeguarding of human lives and assets.
Governments throughout the globe are undertaking strategic investments within the rail industry to upgrade the current railway infrastructure, thus, enhancing the rail transportation system of the nation. For instance, the Norwegian government has planned to invest USD 15 billion into its rail infrastructure and digitization projects that would be occurring between 2018-2023. This would cover new railway projects & investments in the current infrastructure and digitization to meet the necessities of the increasing population, thus, decreasing road congestion and population. On the other hand, growing smart city projects and metro transportation within the developing economies is anticipated to have a positive impact on the rail asset management industry growth.
Type Segment
Based on the Type segment, the market is bifurcated into two sub-segments that are solutions, and services. The solutions segment is further classified into asset planning & scheduling, asset performance management, security, workforce management, analytics, and others. Whereas the services segment is further classified into managed services, and professional services. The analytics segment is anticipated to grow at a significant CAGR over the forecast period. However, the network management segment to witness the largest market share in 2019. The major share of indirect revenue is likely to come from the European region, owing to a wide application of modern rail infrastructure within the rail industry.
Application Segment
Based on the application, the market is segmented into rolling stock, and infrastructure. The market for rolling stock is anticipated to possess the largest market share in 2019. However, the infrastructure segment is likely to grow at the highest growth rate from 2020 to 2025.
The global personal market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. Europe is considered a mature market in the rail asset management applications, owing to an outsized presence of an organization with the availability of technical expertise and advanced IT infrastructure. Nations from Western Europe including France, Germany, and the UK, have well-established railway infrastructure equipped with advanced rail asset management systems. Moreover, Social, as well as trade agreements within the European Union nations, have encouraged cross border trade, as well as passenger traffic commute in Europe.
The major players of the global rail asset management market are Alstom, Siemens, IBM, Hitachi, Wabtec, SAP, Bentley Systems, Trimble, Bombardier, Atkins, DXC Technology, Cisco, and more. The rail asset management market is fragmented with the existence of well-known global and domestic players across the globe.
Factors such as government initiatives and Public-Private Partnership (PPP), hyper-urbanization and high demographic growth, along with the adoption of automation technologies to improve optimization are anticipated to fuel the rail asset management industry growth in the coming few years. Hence The global rail asset management market size is anticipated to reach at USD 14 billion by 2025.
The rail asset management system includes several solutions that enable improved management of the rail system. It includes several activities such as operation management, traffic planning, maintenance & support, power supply, and infrastructure management, rail-facility information management, station control, and communication network, among others. Additionally, these solutions enable efficient scheduling and timely monitoring of assets which reduces downtime. Predictive and condition-based maintenance work over real-time analytics facilitates decreases the dependence over manual diagnostics of the systems.
Key Segments of the Global Rail Asset Management Market
Type Overview, 2018-2025 (USD Billion)
Application Overview, 2018-2025 (USD Billion)
Regional Overview, 2018-2025 (USD Billion)
Reasons for the study
What does the report include?
Who should buy this report?
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 High Demographic Growth and Hyper-Urbanization
4.3.1.2 Increase in Government Initiatives and Public-Private Partnership Model
4.3.2 Restraints
4.3.2.1 High Initial Cost of Deployment
4.3.3 Opportunities
4.5 PEST Analysis
Chapter 5 Rail Asset Management Market by Type
5.1 Introduction
5.1.1 Solutions
5.1.1.1 Asset Performance Management
5.1.1.2 Analytics
5.1.1.3 Asset Planning & Scheduling
5.1.1.4 Security
5.1.1.5 Workforce Management
5.1.1.6 Others
5.1.2 Services
5.1.1.1 Professional Services
5.1.1.2 Managed Services
Chapter 6 Rail Asset Management Market by Application
6.1 Introduction
6.1.1 Rolling Stock
6.1.2 Infrastructure
Chapter 7 Rail Asset Management Market By Region
7.1 Introduction
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.3 Europe
7.3.1 Germany
7.3.2 France
7.3.3 UK
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Middle East & Africa
7.5.1 UAE
7.5.2 South Africa
7.5.3 Rest of Middle East & Africa
7.6 South America
7.6.1 Brazil
7.6.2 Rest of South America
Chapter 8 Competitive Landscape
8.1 Overview
8.2 Strategic Initiatives
8.2.1 Mergers & Acquisitions
8.2.2 New Product Launch
8.2.3 Investments
8.2.4 Expansion
8.2.5 Others
Chapter 9 Company Profiles
9.1 Siemens
9.1.1 Overview
9.1.2 Products and Services Portfolio
9.1.3 Recent Initiatives
9.1.4 Company Financials
9.1.5 SWOT
9.2 IBM
9.2.1 Overview
9.2.2 Products and Services Portfolio
9.2.3 Recent Initiatives
9.2.4 Company Financials
9.2.5 SWOT
9.3 Alstom
9.3.1 Overview
9.3.2 Products and Services Portfolio
9.3.3 Recent Initiatives
9.3.4 Company Financials
9.3.5 SWOT
9.4 Hitachi
9.4.1 Overview
9.4.2 Products and Services Portfolio
9.4.3 Recent Initiatives
9.4.4 Company Financials
9.4.5 SWOT
9.5 Wabtec
9.5.1 Overview
9.5.2 Products and Services Portfolio
9.5.3 Recent Initiatives
9.5.4 Company Financials
9.5.5 SWOT
9.6 SAP
9.6.1 Overview
9.6.2 Products and Services Portfolio
9.6.3 Recent Initiatives
9.6.4 Company Financials
9.6.5 SWOT
9.7 Trimble
9.7.1 Overview
9.7.2 Products and Services Portfolio
9.7.3 Recent Initiatives
9.7.4 Company Financials
9.7.5 SWOT
9.7 Bentley Systems
9.8.1 Overview
9.8.2 Products and Services Portfolio
9.8.3 Recent Initiatives
9.8.4 Company Financials
9.8.5 SWOT
9.8 Bombardier
9.9.1 Overview
9.9.2 Products and Services Portfolio
9.9.3 Recent Initiatives
9.9.4 Company Financials
9.9.5 SWOT
9.9 Atkins
9.10.1 Overview
9.10.2 Products and Services Portfolio
9.10.3 Recent Initiatives
9.10.4 Company Financials
9.10.5 SWOT
10.1 Other Companies