Global Rail Asset Management Market Overview And Prospects

November 9, 2021November 9, 2021 by The Business Research Company

Learn about the global rail asset management market through The Business Research Company, which provides information on rail asset management market size, rail asset management market drivers and restraints, rail asset management market players, the COVID-19 impact on the rail asset management market, and more.

The global rail asset management market is expected to grow from $9.07 billion in 2020 to $9.85 billion in 2021 at a compound annual growth rate (CAGR) of 8.6%. The growth is in the rail asset management market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The rail asset management market is expected to reach $12.88 billion in 2025 at a CAGR of 6.9%.

Rising investments of various governments in rail infrastructure and digitalization projects worldwide are expected to drive innovation in rail asset management, thus driving the market during the forecast period.

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The rail asset management market consists of sales of rail asset management services by entities (organizations, sole traders, and partnerships) that plan, advise on and manage various kinds of rail assets. Rail assets management includes several solutions that enable improvement in the management of rail assets. It comprises several activities such as design, construction, operations, maintenance & support, traffic planning, infrastructure management, communication network, station control, rail-facility information management, among others. These solutions and services enable timely monitoring and efficient scheduling of assets with reduced downtime.

Global rail asset management market segments include:

By Solution: Asset Performance Management, Analytics, Asset Planning & Scheduling, Security, Workforce Management, Others

By Services: Professional Services, Managed Services

By Deployment Mode: Cloud, On-Premises

By Application: Rolling Stock, Infrastructure

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe was the largest region in the rail asset management market in 2020.

The companies operating in the rail asset management market are increasingly undergoing strategic partnerships and collaboration to improve their financial position, strengthen their product portfolio, and expand the global presence of the company.

TBRC’s rail asset management market report covers:

Major Market Players: Siemens, Hitachi, Wabtec, DXC Technology, L&T Technology Services, SAP, Capgemini, Cisco, Accenture, Atkins, Trimble Inc., WSP, Tego, KONUX, Oxplus, Bentley Systems, Trapeze Group, Uptake, Huawei, Cyient, Assetic, Machines With Vision, and ZEDAS, SNC-Lavalin, and Bombardier.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Rail Asset Management Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides rail asset management market overviews, analyzes and forecasts market size, share, rail asset management market players, rail asset management market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s rail asset management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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