Europe Rolling Stock Management Market Forecast to 2028
Europe Rolling Stock Management Market Forecast to 2028 – Regional Analysis – by Management Type (Rail Management and Infrastructure Management) and Maintenance Service (Corrective Maintenance, Preventive Maintenance, and Predictive Maintenance)
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Description
Rising Safety and Security Concerns Regarding Rail Infrastructure fuel the Europe Rolling Stock Management Market
As per the International Energy Agency (IEA), passenger rail activity is expected to reach 15 trillion passenger-km by 2050 due to the rising development of transport systems and rail networks for the better convenience of passengers. Thus, there is a rise in the need for efficient and reliable maintenance and management of the rolling stock to maintain the safety and security of passengers. The management of rail assets and traffic control plays an important role in the rail industry in boosting the security of passengers by avoiding any accidents and derailment situations. Derailment is one of the most common issues in the rail industry. It is an operational error that causes the train to come off the railway track due to the mechanical failure of the tracks or train. Therefore, the rolling stock management system engages in the maintenance of these tracks to avoid such accidents. Preventive and predictive maintenance of rail infrastructure allows the workers to monitor and check the condition of the railway tracks to detect any mechanical error. Predictive maintenance allows the rail industry to be prepared for emergency situations that are caused by the failure of the critical component of the rolling stock. Thus, the benefits of the rolling stock management help to maintain security and safety in the rail industry, which drives the demand for the rolling stock management system and fuels its market growth.
Europe Rolling Stock Management Market Overview
Europe has one of the worlds largest train networks. The European Union has been planning to double freight rails model share by 2030 to ease the congestion of major road connections and reduce the transport sectors CO2 emissions. Countries in the region are signing contracts with various companies for rail or infrastructure expansion. For instance, in October 2020, Bombardier Transportation signed a three-year extension of its Train Services Agreement (TSA) with Arriva Cross-country in the UK. According to this agreement, Bombardier continued to overhaul, service, maintain, and clean a fleet of 24 class 221 Super Voyagers and 34 class 220 Voyagers. The contract is for three years and is worth US$ 248 million.
Europe Rolling Stock Management Market Revenue and Forecast to 2028 (US$ Million)
Europe Rolling Stock Management Market Segmentation
The Europe rolling stock management market is segmented based on management type, maintenance service, and country. Based on management type, the Europe rolling stock management market is bifurcated into rail management and infrastructure management. The rail management segment held a larger market share in 2022. The rail management segment is further subsegmented into remote diagnostic management, wayside management, train management, asset management, cab advisory, and others. Additionally, the infrastructure management segment is categorized into control room management, station management, automatic fare collection management, and others.
Based on maintenance service, the Europe rolling stock management market is segmented into corrective maintenance, preventive maintenance, and predictive maintenance. The corrective maintenance segment held the largest market share in 2022.
Based on country, the Europe rolling stock management market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. Germany dominated the Europe rolling stock management market share in 2022.
Alstom SA, ABB Ltd, Hitachi Rail Ltd, Mitsubishi Electric Corp, LocoTech LLC, Siemens Mobility GmbH, Talgo SA, Thales SA, Toshiba Infrastructure Systems and Solutions Corp, and Trimble Inc. are some of the leading companies operating in the Europe rolling stock management market.
Summary Info
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According to the Research Team’ research, the Europe rolling stock management market was valued at US$ 16,539.86 million in 2022 and is expected to reach US$ 22,614.86 million by 2028, registering a CAGR of 5.4% from 2022 to 2028. Expansion of rail industry and rising safety and security concerns regarding rail infrastructure are the critical factors attributed to the Europe rolling stock management market expansion.
The use of 5G in the rolling stock management provides higher bandwidth for the data transmission between the rolling stock and authorities engaged in its management. It also improves train-to-ground communications and helps the operators make better decisions regarding the action needed to maintain the reliable operation of the rolling stock. The capability of the 5G allows the rolling stock and the operator to gain real-time connectivity for the ticketing services, travel information, and IoT-based maintenance data collection for engineering staff. The IoT-based devices in the rolling stock management system improve the operator efficiency to better manage and control the rolling stock. For example, the IoT-based sensor attached to the rolling stock carriage can detect unusual activity, providing early alerts to the operator and authorities regarding potential component failure. IoT-based devices collect real-time information about the rolling stock and help the operator to better plan and manage the preventative maintenance cycles to reduce the consequence of component failure. This factor improves the performance and lifespan of the rolling stock and further contributes to the overall security of the passengers and cargo activities. Thus, the integration of advanced technologies such as 5G and IoT with rolling stock and its management system is likely to create a lucrative opportunity for the Europe rolling stock management market growth in the coming years.
On the contrary, limited use of rolling stock for transportation hurdles the growth of Europe rolling stock management market.
Based on management type, the Europe rolling stock management market is bifurcated into rail management and infrastructure management. The rail management segment held 62.9% market share in 2022, amassing US$ 10,405.51 million. It is projected to garner US$ 13,303.10 million by 2028 to expand at 4.2% CAGR during 2022–2028. The rail management segment is further subsegmented into remote diagnostic management, wayside management, train management, asset management, cab advisory, and others. Additionally, the infrastructure management segment is categorized into control room management, station management, automatic fare collection management, and others.
Based on maintenance service, the Europe rolling stock management market is categorized into corrective maintenance, preventive maintenance, and predictive maintenance. The corrective maintenance segment held 50.0% share of Europe rolling stock management market in 2022, amassing US$ 8,269.13 million. It is projected to garner US$ 10,930.00 million by 2028 to expand at 4.8% CAGR during 2022–2028.
Based on country, the Europe rolling stock management market has been categorized into France, Germany, the UK, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 23.8% share of Europe rolling stock management market in 2022. It was assessed at US$ 3,936.86 million in 2022 and is likely to hit US$ 5,646.44 million by 2028, exhibiting a CAGR of 6.2% during 2022–2028.
Key players operating in the Europe rolling stock management market are Alstom SA, ABB Ltd, Hitachi Rail Ltd, Mitsubishi Electric Corp, SS Siemens Mobility GmbH, Talgo SA, Thales SA, Toshiba Infrastructure Systems and Solutions Corp, and Trimble Inc., among others.
In April 2023, Great Western Railway extends Hitachi Rail’s maintenance contract to secure hundreds of jobs and support the U.K. supply chain. In Oct 2022, Siemens Mobility inaugurated the extended Rail Service Center in Novara.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the Europe rolling stock management market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
TABLE OF CONTENTS
1.1 Study Scope
1.2 the Research Team Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Rolling Stock Management Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Rolling Stock Management Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Expansion of Rail Industry
5.1.2 Rising Safety and Security Concerns Regarding Rail Infrastructure
5.2 Market Restraints
5.2.1 Limited Use of Rolling Stock for Transportation
5.3 Market Opportunities
5.3.1 Integration of 5G and IoT in Rolling Stock Management System
5.4 Future Trends
5.4.1 Use of Robotics in Rolling Stock Management
5.5 Impact Analysis of Drivers and Restraints
6. Rolling Stock Management – Europe Market Analysis
6.1 Europe Rolling Stock Management Market Revenue Forecast and Analysis
7. Europe Rolling Stock Management Market – by Management type
7.1 Overview
7.2 Rolling Stock Management Market, by Management Type (2022 and 2028)
7.3 Rail Management
7.3.1 Overview
7.3.2 Rail Management: Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.1 Remote Diagnostic Management
7.3.2.1.1 Overview
7.3.2.1.2 Remote Diagnostic Management: Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.2 Wayside Management
7.3.2.2.1 Overview
7.3.2.2.2 Wayside Management: Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.3 Train management
7.3.2.3.1 Overview
7.3.2.3.2 Train management: Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.4 Asset Management
7.3.2.4.1 Overview
7.3.2.4.2 Asset Management: Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.5 Cab Advisory
7.3.2.5.1 Overview
7.3.2.5.2 Cab Advisory: Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
7.3.2.6 Others
7.3.2.6.1 Overview
7.3.2.6.2 Others: Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Infrastructure Management
7.4.1 Overview
7.4.2 Infrastructure Management: Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
7.4.2.1 Control Room Management
7.4.2.1.1 Overview
7.4.2.1.2 Control Room Management: Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
7.4.2.2 Station Management
7.4.2.2.1 Overview
7.4.2.2.2 Station Management: Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
7.4.2.3 Automatic Fare Collection Management
7.4.2.3.1 Overview
7.4.2.3.2 Automatic Fare Collection Management: Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
7.4.2.4 Others
7.4.2.4.1 Overview
7.4.2.4.2 Others: Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Rolling Stock Management Market – by Maintenance Service
8.1 Overview
8.2 Rolling Stock Management Market, by Maintenance Service (2022 and 2028)
8.3 Corrective Maintenance
8.3.1 Overview
8.3.2 Corrective Maintenance: Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Preventive Maintenance
8.4.1 Overview
8.4.2 Preventive Maintenance: Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Predictive Maintenance
8.5.1 Overview
8.5.2 Predictive Maintenance: Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Rolling Stock Management Market – Country Analysis
9.1 Europe: Rolling Stock Management Market
9.1.1 Europe: Rolling stock management Market, by Key Country
9.1.1.1 Germany: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Rolling Stock Management Market, by Management Type
9.1.1.1.1.1 Germany: Rolling Stock Management Market, by Rail Management
9.1.1.1.1.2 Germany: Rolling Stock Management Market, by Infrastructure Management
9.1.1.1.2 Germany: Rolling Stock Management Market, by Maintenance Services
9.1.1.2 UK: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 UK: Rolling Stock Management Market, by Management Type
9.1.1.2.1.1 UK: Rolling Stock Management Market, by Rail Management
9.1.1.2.1.2 UK: Rolling Stock Management Market, by Infrastructure Management
9.1.1.2.2 UK: Rolling Stock Management Market, by Maintenance Services
9.1.1.3 France: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 France: Rolling Stock Management Market, by Management Type
9.1.1.3.1.1 France: Rolling Stock Management Market, by Rail Management
9.1.1.3.1.2 France: Rolling Stock Management Market, by Infrastructure Management
9.1.1.3.2 France: Rolling Stock Management Market, by Maintenance Services
9.1.1.4 Italy: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Italy: Rolling Stock Management Market, by Management Type
9.1.1.4.1.1 Italy: Rolling Stock Management Market, by Rail Management
9.1.1.4.1.2 Italy: Rolling Stock Management Market, by Infrastructure Management
9.1.1.4.2 Italy: Rolling Stock Management Market, by Maintenance Services
9.1.1.5 Russia: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Rolling Stock Management Market, by Management Type
9.1.1.5.1.1 Russia: Rolling Stock Management Market, by Rail Management
9.1.1.5.1.2 Russia: Rolling Stock Management Market, by Infrastructure Management
9.1.1.5.2 Russia: Rolling Stock Management Market, by Maintenance Services
9.1.1.6 Rest of Europe: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Rolling Stock Management Market, by Management Type
9.1.1.6.1.1 Rest of Europe: Rolling Stock Management Market, by Rail Management
9.1.1.6.1.2 Rest of Europe: Rolling Stock Management Market, by Infrastructure Management
9.1.1.6.2 Rest of Europe: Rolling Stock Management Market, by Maintenance Services
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Product Development
11. Company Profiles
11.1 Alstom SA
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 ABB Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Hitachi Rail Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Mitsubishi Electric Corp
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Siemens Mobility GmbH
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Talgo SA
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Thales SA
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Toshiba Infrastructure Systems and Solutions Corp
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Trimble Inc
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 LocoTech LLC
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Research Team
12.2 Word Index
LIST OF TABLES
Table 1. Europe Rolling Stock Management Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Rolling stock management Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Rolling Stock Management Market, by Management Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Rolling Stock Management Market, by Rail Management – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Rolling Stock Management Market, by Infrastructure Management – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Rolling Stock Management Market, by Maintenance Services – Revenue and Forecast to 2028 (US$ Million)
Table 7. UK: Rolling Stock Management Market, by Management Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. UK: Rolling Stock Management Market, by Rail Management – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Rolling Stock Management Market, by Infrastructure Management – Revenue and Forecast to 2028 (US$ Million)
Table 10. UK: Rolling Stock Management Market, by Maintenance Services – Revenue and Forecast to 2028 (US$ Million)
Table 11. France: Rolling Stock Management Market, by Management Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. France: Rolling Stock Management Market, by Rail Management – Revenue and Forecast to 2028 (US$ Million)
Table 13. France: Rolling Stock Management Market, by Infrastructure Management – Revenue and Forecast to 2028 (US$ Million)
Table 14. France: Rolling Stock Management Market, by Maintenance Services – Revenue and Forecast to 2028 (US$ Million)
Table 15. Italy: Rolling Stock Management Market, by Management Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy: Rolling Stock Management Market, by Rail Management – Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy: Rolling Stock Management Market, by Infrastructure Management – Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy: Rolling Stock Management Market, by Maintenance Services – Revenue and Forecast to 2028 (US$ Million)
Table 19. Russia: Rolling Stock Management Market, by Management Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia: Rolling Stock Management Market, by Rail Management – Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia: Rolling Stock Management Market, by Infrastructure Management – Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia: Rolling Stock Management Market, by Maintenance Services – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe: Rolling Stock Management Market, by Management Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe: Rolling Stock Management Market, by Rail Management – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe: Rolling Stock Management Market, by Infrastructure Management – Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of Europe: Rolling Stock Management Market, by Maintenance Services – Revenue and Forecast to 2028 (US$ Million)
Table 27. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Rolling stock management Market Segmentation
Figure 2. Europe Rolling Stock Management Market Segmentation – by Country
Figure 3. Europe Rolling Stock Management Market Overview
Figure 4. Europe Rolling Stock Management Market, by Management Type
Figure 5. Europe Rolling Stock Management Market, by Maintenance Services
Figure 6. Europe Rolling Stock Management Market, by Country
Figure 7. Europe – PEST Analysis
Figure 8. Europe Rolling Stock Management Market- Ecosystem Analysis
Figure 9. Europe Expert Opinions
Figure 10. Europe Rolling Stock Management Market: Impact Analysis of Drivers and Restraints
Figure 11. Europe Rolling Stock Management Market Revenue Forecast and Analysis (US$ Million)
Figure 12. Europe Rolling Stock Management Market Revenue Share, by Management Type (2022 and 2028)
Figure 13. Rail Management: Europe Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Remote Diagnostic Management: Europe Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Wayside Management: Europe Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Train management: Europe Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Asset Management: Europe Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Cab Advisory: Europe Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: Europe Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Infrastructure Management: Europe Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Control Room Management: Europe Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Station Management: Europe Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Automatic Fare Collection Management: Europe Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Europe Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe Rolling Stock Management Market Revenue Share, by Maintenance Service (2022 and 2028)
Figure 26. Corrective Maintenance: Europe Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Preventive Maintenance: Europe Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Predictive Maintenance: Europe Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Europe Rolling Stock Management Market, by Key Country – Revenue (2022) (US$ Million)
Figure 30. Europe: Rolling Stock Management Market Revenue Share, by Key Country (2022 and 2028)
Figure 31. Germany: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. UK: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. France: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Italy: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Russia: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Rest of Europe: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
The List of Companies – Europe Rolling Stock Management Market
1. ABB Ltd
2. Alstom SA
3. Hitachi Rail Ltd
4. LocoTech LLC
5. Mitsubishi Electric Corp
6. Siemens Mobility GmbH
7. Talgo SA
8. Thales SA
9. Toshiba Infrastructure Systems and Solutions Corp
10. Trimble Inc.
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