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Market Share

Report ID: GMI4511
Published Date: Sep 2021
Report Format: PDF

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Railway AfterMarket Share

Some of the major railway aftermarket participants include

Siemens Mobility
CRRC Corporation Limited
ZF Friedrichshafen
Bombardier Transportation
ABB Ltd.
Caterpillar Inc.
Harsco Rai
Alstom

Prominent companies are delivering innovative solutions for better monitoring of railway subsystems. For instance, Bombardier introduced OPTIFLO, which comprises a wide portfolio of control service solutions designed to encounter the challenges confronted by railway infrastructure operators and owners. The initiative is poised to help the company to expand its existential product portfolio and further improve the business performance in terms of revenue.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The railway aftermarket size crossed USD 78 billion in 2020 and will expand at a CAGR of 4.6% between 2021 and 2027.

Traction & propulsion systems will record over 20% of the industry revenue through 2027 owing to their upgradation and modernization for curbing the levels of emission.

The share of rail infrastructure is expected to be around USD 19.5 billion by 2027 driven by surging preference for the improvement of track quality and ensuring safety via mechanized practices.

The Asia Pacific is estimated to register around 40% of the market revenue through 2027 propelled by the rising efforts of railway operators for the alleviation of overall downtime.