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.
.png "Global Rail Asset Management Market, 2018-2025 (USD Billion)")
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)
- Solution
- Asset Performance Management
- Analytics
- Asset Planning & Scheduling
- Security
- Workforce Management
- Others
- Services
- Professional Services
- Managed Services
Application Overview, 2018-2025 (USD Billion)
- Rolling Stock
- Infrastructure
Regional Overview, 2018-2025 (USD Billion)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global rail asset management market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global rail asset management market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the rail asset management industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on Type and applications. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global rail asset management market. The report will benefit:
- Every stakeholder involved in the rail asset management market.
- Managers within the Tech companies looking to publish recent and forecasted statistics about the global rail asset management market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global rail asset management market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
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.
.png "Europe Rail Asset Management Market, 2018-2025 (USD Billion)")
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.