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How Has the Railway Aftermarket Global Market Report 2025 Market Grown from 2024 to 2025?

In the past few years, the size of the railway aftermarket has seen a robust expansion. It is set to increase from $88.95 billion in 2024 to $94.77 billion in 2025, showcasing a compound annual growth rate (CAGR) of 6.5%. Factors attributing to this growth during the historical period include swift urbanization, industrialization upsurge, expansion in international trade, railway privatization, and standardization of rail parts.

What Growth Rate Is Anticipated for the Railway Aftermarket Global Market Report 2025 Market in the Coming Years?

Anticipated to witness substantial expansion in the approaching years, the railway aftermarket market is projected to increase to a value of $120.84 billion by 2029, boasting a compound annual growth rate (CAGR) of 6.3%. This predicted growth for the period being forecasted can be ascribed to several key factors such as the heightened adoption of eco-friendly approaches, the growing popularity of rail travel, an uptick in public transport promotion, the development of smart cities and a rise in private sector involvement. Noteworthy trend shifts during the forecast period encompass technological progression in rail propulsion systems, a selective move towards renewable energy sources, the utilisation of big data analytics, weaving in 5G technology within rail communication systems, and advances in the design aspects of rail vehicles.

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Who Are the Leading Companies in the Railway Aftermarket Global Market Report 2025 Market?

Major companies operating in the railway aftermarket market are ZF Friedrichshafen AG, ABB Ltd., Alstom SA, Kiewit Corporation, Siemens Mobility GmbH, Wabtec Corporation, Hitachi Rail Limited, Knorr-Bremse AG, Stadler Rail AG, CRRC Corporation Limited, Harsco Rail, Unipart Group Ltd., RailWorks Corporation, The Walsh Group Ltd., Loram Maintenance of Way Inc., Gemco Rail, MERMEC S.p.A., CJSC Transmashholding, Bemo Rail BV, Plasser & Theurer Export von Bahnbaumaschinen GmbH, Linsinger Maschinenbau GmbH

What Are the Key Drivers of the Railway Aftermarket Global Market Report 2025 Market?

The increased use of railway transportation is anticipated to boost the railway aftermarket market. Rail offers a greener, more efficient alternative to road and air travel. The aftermarket ensures continued operation through maintenance, parts replacement, and repair. The UK’s Office of Rail and Road reported that between April and June 2024, there were 420 million rail passenger journeys, a 7% increase from the same period in 2023. Thus, the railway sector’s expansion is driving the railway aftermarket market.

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What Are the Key Market Segments in the Railway Aftermarket Global Market Report 2025 Industry?

The railway aftermarket market covered in this report is segmented –

1) By Product: Rail Infrastructure, Rolling Stock And Locomotives, Metro, High-Speed Railway (HSR), Light Rail And Trams, Locomotives, Passenger Coaches, Freight Wagons

2) By Subsystem: Traction And Propulsion, Bogies Or wheelsets And Suspension, Body Structures, Braking Systems, Auxiliary Systems, Rail Tracks, Other Subsystems

3) By Service Provider: Original Equipment Manufacturer (OEM), Railway Operators, Third-Party Or Component Suppliers

Subsegments:

1) By Rail Infrastructure: Tracks And Rails, Signaling Systems, Electrification Systems, Stations And Platforms

2) By Rolling Stock And Locomotives: Diesel Locomotives, Electric Locomotives, Hybrid Locomotives

3) By Metro: Rapid Transit Vehicles, Automated People Movers (APMs), Heavy Rail Metro Systems

4) By High-Speed Railway (HSR): Electric Multiple Units (EMUs), High-Speed Coaches, HSR Signaling Systems

5) By Light Rail And Trams: Streetcars, Light Metro Vehicles, Articulated Trams

6) By Locomotives: Freight Locomotives, Passenger Locomotives, Shunting Locomotives

7) By Passenger Coaches: Sleeper Coaches, Seating Coaches, Luxury Coaches

8) By Freight Wagons: Covered Wagons, Open-Top Wagons, Tank Wagons, Flat Wagons

What Are the Latest Trends in the Railway Aftermarket Global Market Report 2025 Market?

Leading corporations in the railway aftermarket domain are concentrating on the creation of sophisticated solutions, such as services for train maintenance, to prolong the lifespan of railway assets via predictive maintenance and digital diagnostics. These solutions blend predictive, preventative, and corrective strategies to bolster railway safety, dependability, and effectiveness. They employ advanced diagnostics, data analysis, and automation to boost overall performance and minimize downtime. An example of this is the Train Maintenance DX as a Service introduced by Hitachi Rail Limited, a UK-based manufacturer of rolling stock and railway signals, in March 2024. These services leverage AI-driven automatic inspection technology to pinpoint failing parts in advance of their failure and make use of 3D schematics in the vehicle metaverse. The service is designed to update train maintenance processes, swapping out paper-based administrative systems for digital ones and replacing field training with easily disseminated digital toolkits.

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What Are the Key Regional Markets in the Railway Aftermarket Global Market Report 2025 Industry?

North America was the largest region in the railway aftermarket market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the railway aftermarket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This Report Delivers Insight On:

1. How big is the railway aftermarket global market report 2025 market, and how is it changing globally?

2. Who are the major companies in the railway aftermarket global market report 2025 market, and how are they performing?

3. What are the key opportunities and risks in the railway aftermarket global market report 2025 market right now?

4. Which products or customer segments are growing the most in the railway aftermarket global market report 2025 market?

5. What factors are helping or slowing down the growth of the railway aftermarket global market report 2025 market?

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