Railway aftermarket is set to record exponential growth on account of growing need to employ corrective and preventive maintenance measures in railway systems. In order to stay updated, the global railway sector is required to overhaul its system periodically. 

Lately, numerous rail operators are preferring implementation of advanced maintenance solutions due to its various benefits to technical systems. As a result of this, the railway department is able to limit breakdowns and malfunctions during operations. Notably, these malfunctions cost heavy financial losses as well as impacts regular commuters.

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Metro rail is currently undergoing massive expansion, with numerous rail projects being implemented on a large scale that focuses on overhauling core rail systems and introducing new trains. In 2019, the Government of New South Wales (NSW) finalized an agreement with Northwest Rapid Transit (NRT) to extend Australia’s Sydney Metro rail project.

The deal involves an allocation of USD 1.3 billion for the maintenance and operation of Southwest lines and North West & City by 2034. Initiatives like this could provide remarkable opportunities for railway aftermarket manufacturers over the coming years.

Component suppliers are employing latest technologies like advanced analytics and big data solutions to expand their product portfolio. According to reports, third party/component supplier are anticipated to maintain nearly 20% of the railway aftermarket revenue share by 2026.

Growing demand for rail transport on account of burgeoning number of freight transportation and rail passengers could enhance Latin America railway aftermarket forecast. Estimates say that the region’s railway aftermarket would gross up to USD 7 billion by 2026.

Reportedly, the Mexican rail freight traffic had crossed 20.9 million tons in Jan-Feb 2018, recording a rise of 7% when compared to the previous year. With increasing number of rail line expansion and overhauling projects across Latin America, the demand for rail replacement and repair components could accelerate considerably over the forthcoming years.

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Charts & Figures

FIG 1    Railway aftermarket segmentation

FIG 2   Industry size and forecast, (USD Billion), 2016 – 2026

FIG 3   Industry ecosystem analysis

FIG 4   Growth potential analysis, 2018

FIG 5   Porter’s analysis

FIG 6   PESTEL analysis

FIG 7   SWOT analysis, CRRC

FIG 8   SWOT analysis, Siemens Mobility

FIG 9   SWOT analysis, ZF Friedrichshafen

FIG 10   SWOT analysis, Stadler

FIG 11   SWOT anaysis, Bombardier Transportation

FIG 12   SWOT analysis, Alstom

FIG 13   SWOT analysis, Knorr-Bremse

FIG 14   SWOT analysis, Harsco Rail

FIG 15   SWOT analysis, Tidyco Ltd

FIG 16   SWOT analysis, Wabtec

FIG 17   SWOT analysis, Kingrail

FIG 18   SWOT analysis, CIM Equipment

FIG 19   SWOT analysis, Powerail

FIG 20   SWOT analysis, Skinest Group

FIG 21   SWOT analysis, Caterpillar

FIG 22   SWOT analysis, ABB

FIG 23   SWOT analysis, Crown Rail Spares

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