Middle East & Africa Rolling Stock Management Market Forecast to 2028
Middle East & Africa 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
Use of Robotics in Rolling Stock Management fuel the Middle East & Africa Rolling Stock Management Market
With the emergence of manufacturing in Industry 4.0, the adoption of automation for mass customizations plays a crucial role in generating large production volumes in a limited amount of time. Robots and machinery help reduce the downtime of the production process, provide accurate results, and eliminate human errors. Therefore, major players in the market are adopting robotics technologies to generate desired accurate results. In addition, the robotic sanding machine used in the workshop provides a finish to the surfaces of the trains equipment. To check the finish, the workshop technician uses drones to inspect the roofs. Such use of robotics provides better maintenance of the rolling stock, which further helps the technician to carry out preventive maintenance to enhance security and safety in the rail industry. Furthermore, several benefits of deploying robotics technologies in rolling stock management systems have encouraged various rail industry players to leverage the advantages of such technology. Thus, the inclusion of robotics helps for the efficient management of rolling stock in the rail industry, which is expected to fuel the Middle East & Africa rolling stock management market growth during the forecast period.
Middle East & Africa Rolling Stock Management Market Overview
In recent years, rail transportation in the Middle East has experienced a significant transformation from traditional locomotives to modern and high-tech trains. Rail travel is becoming most preferred transporting solution in the region, and rail projects are changing the transportation model by providing safe, efficient, and sustainable transport options. Governments of countries in the Middle East & Africa are taking initiatives to establish new rail projects in the region. In Riyadh, the metro system is set to become completely operational by 2023. Jeddahs new metro system is expected to begin in 2025. The Jeddah metro project is a US$ 60 billion initiative. In Makkah, a four-line metro system, including 180 km with 88 stations, is being established in six phases over 20 years. In May 2023, Siemens Mobility announced a project of re-signaling in the authority of Gauteng, South Africa, to improve the safety and reliability of services functioned by the Passenger Rail Agency of South Africa (PRASA). Such projects show that the increasing infrastructure in the MEA and partnerships between companies in the Middle East & Africa will increase the demand for rolling stock maintenance services. Therefore, the rolling stock market is anticipated to grow significantly with an increase in the railway infrastructure and railway stations.
Middle East & Africa Rolling Stock Management Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Rolling Stock Management Market Segmentation
The Middle East & Africa rolling stock management market is segmented based on management type, maintenance service, and country. Based on management type, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa rolling stock management market is segmented into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa rolling stock management market share in 2022.
Alstom SA, ABB Ltd, Mitsubishi Electric Corp, 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 Middle East & Africa rolling stock management market.
Summary Info
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According to the Research Team’ research, the Middle East & Africa rolling stock management market was valued at US$ 2,185.68 million in 2022 and is expected to reach US$ 2,641.85 million by 2028, registering a CAGR of 3.2% from 2022 to 2028. Expansion of rail industry and rising safety and security concerns regarding rail infrastructure are the critical factors attributed to the Middle East & Africa rolling stock management market expansion.
The demand for improved transport services is growing rapidly across the region. As per the International Energy Agency (IEA), compared to 2019, passenger and freight activities are expected to double by 2050. Per The World Bank Group, railways are considered among the most efficient ways to transport passengers and freight. Due to growing transport activities, the World Bank Group is investing in the development of the rail industry to make it more efficient. Many organizations are extending their support to governments of various developing countries in reforming the railway infrastructure and incorporating railways into a country’s transportation network. In addition, governments of developing countries are investing to boost their railway industry. In addition, in January 2022, the Investment Minister of Saudi Arabia announced the country’s target to expand the rail network by 8,000 km. The rolling stock management system helps to improve the optimal performance of rolling stock. The rise in expansion and development of the rail industry is creating a demand for rolling stocks such as locomotives, freight cars, and passenger trains, which further boosts the demand for an efficient rolling stock management system.
On the contrary, limited use of rolling stock for transportation hurdles the growth of Middle East & Africa rolling stock management market.
Based on management type, the Middle East & Africa rolling stock management market is bifurcated into rail management and infrastructure management. The rail management segment held 63.2% market share in 2022, amassing US$ 1,380.94 million. It is projected to garner US$ 1,559.04 million by 2028 to expand at 2.0% 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 Middle East & Africa rolling stock management market is categorized into corrective maintenance, preventive maintenance, and predictive maintenance. The corrective maintenance segment held 53.5% share of Middle East & Africa rolling stock management market in 2022, amassing US$ 1,169.28 million. It is projected to garner US$ 1,382.07 million by 2028 to expand at 2.8% CAGR during 2022-2028.
Based on country, the Middle East & Africa rolling stock management market has been categorized into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 28.6% share of Middle East & Africa rolling stock management market in 2022. It was assessed at US$ 624.50 million in 2022 and is likely to hit US$ 806.05 million by 2028, exhibiting a CAGR of 4.3% during 2022-2028.
Key players operating in the Middle East & Africa rolling stock management market are Alstom SA, ABB Ltd, Mitsubishi Electric Corp, Siemens Mobility GmbH, Talgo SA, Thales SA, Toshiba Infrastructure Systems and Solutions Corp, and Trimble Inc. among others.
– In Nov 2022, Alstom and SMRT Trains collaborated to explore using 3D-printed spare parts and innovations for enhanced rail operations and maintenance.
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 Middle East & Africa 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 Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa rolling stock management 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. Middle East & Africa Rolling Stock Management Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Middle East and Africa
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Middle East & Africa 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 – Middle East & Africa Market Analysis
6.1 Middle East & Africa Rolling Stock Management Market Revenue Forecast and Analysis
7. Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa Rolling Stock Management Market – Country Analysis
9.1 Middle East & Africa: Rolling stock management Market
9.1.1 Middle East & Africa: Rolling stock management Market, by Key Country
9.1.1.1 Saudi Arabia: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Saudi Arabia: Rolling Stock Management Market, by Management Type
9.1.1.1.1.1 Saudi Arabia: Rolling Stock Management Market, by Rail Management
9.1.1.1.1.2 Saudi Arabia: Rolling Stock Management Market, by Infrastructure Management
9.1.1.1.2 Saudi Arabia: Rolling Stock Management Market, by Maintenance Services
9.1.1.2 UAE: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 UAE: Rolling Stock Management Market, by Management Type
9.1.1.2.1.1 UAE: Rolling Stock Management Market, by Rail Management
9.1.1.2.1.2 UAE: Rolling Stock Management Market, by Infrastructure Management
9.1.1.2.2 UAE: Rolling Stock Management Market, by Technology
9.1.1.3 South Africa: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 South Africa: Rolling Stock Management Market, by Management Type
9.1.1.3.1.1 South Africa: Rolling Stock Management Market, by Rail Management
9.1.1.3.1.2 South Africa: Rolling Stock Management Market, by Infrastructure Management
9.1.1.3.2 South Africa: Rolling Stock Management Market, by Maintenance Services
9.1.1.4 Rest of Middle East & Africa: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of Middle East & Africa: Rolling Stock Management Market, by Management Type
9.1.1.4.1.1 Rest of Middle East & Africa: Rolling Stock Management Market, by Rail Management
9.1.1.4.1.2 Rest of Middle East & Africa: Rolling Stock Management Market, by Infrastructure Management
9.1.1.4.2 Rest of Middle East & Africa: 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 Mitsubishi Electric Corp
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 Siemens Mobility GmbH
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 Talgo SA
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 Thales 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 Toshiba Infrastructure Systems and Solutions Corp
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 Trimble Inc
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
12. Appendix
12.1 About the Research Team
12.2 Word Index
LIST OF TABLES
Table 1. Middle East & Africa Rolling Stock Management Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Middle East & Africa: Rolling stock management Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Saudi Arabia: Rolling Stock Management Market, by Management Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia: Rolling Stock Management Market, by Rail Management – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia: Rolling Stock Management Market, by Infrastructure Management – Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia: Rolling Stock Management Market, by Maintenance Services – Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE: Rolling Stock Management Market, by Management Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. UAE: Rolling Stock Management Market, by Rail Management – Revenue and Forecast to 2028 (US$ Million)
Table 9. UAE: Rolling Stock Management Market, by Infrastructure Management – Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE: Rolling Stock Management Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 11. UAE: Rolling Stock Management Market, by Maintenance Services – Revenue and Forecast to 2028 (US$ Million)
Table 12. South Africa: Rolling Stock Management Market, by Management Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. South Africa: Rolling Stock Management Market, by Rail Management – Revenue and Forecast to 2028 (US$ Million)
Table 14. South Africa: Rolling Stock Management Market, by Infrastructure Management – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Africa: Rolling Stock Management Market, by Maintenance Services – Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of Middle East & Africa: Rolling Stock Management Market, by Management Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Middle East & Africa: Rolling Stock Management Market, by Rail Management – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Middle East & Africa: Rolling Stock Management Market, by Infrastructure Management – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Middle East & Africa: Rolling Stock Management Market, by Maintenance Services – Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Rolling stock management Market Segmentation
Figure 2. Middle East & Africa Rolling Stock Management Market Segmentation – by Country
Figure 3. Middle East & Africa Rolling Stock Management Market Overview
Figure 4. Middle East & Africa Rolling Stock Management Market, by Management Type
Figure 5. Middle East & Africa Rolling Stock Management Market, by Maintenance Services
Figure 6. Middle East & Africa Rolling Stock Management Market, by Country
Figure 7. Middle East and Africa – PEST Analysis
Figure 8. Middle East & Africa Rolling Stock Management Market- Ecosystem Analysis
Figure 9. Middle East & Africa Expert Opinions
Figure 10. Middle East & Africa Rolling Stock Management Market: Impact Analysis of Drivers and Restraints
Figure 11. Middle East & Africa Rolling Stock Management Market Revenue Forecast and Analysis (US$ Million)
Figure 12. Middle East & Africa Rolling Stock Management Market Revenue Share, by Management Type (2022 and 2028)
Figure 13. Rail Management: Middle East & Africa Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Remote Diagnostic Management: Middle East & Africa Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Wayside Management: Middle East & Africa Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Train management: Middle East & Africa Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Asset Management: Middle East & Africa Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Cab Advisory: Middle East & Africa Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: Middle East & Africa Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Infrastructure Management: Middle East & Africa Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Control Room Management: Middle East & Africa Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Station Management: Middle East & Africa Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Automatic Fare Collection Management: Middle East & Africa Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Middle East & Africa Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Middle East & Africa Rolling Stock Management Market Revenue Share, by Maintenance Service (2022 and 2028)
Figure 26. Corrective Maintenance: Middle East & Africa Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Preventive Maintenance: Middle East & Africa Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Predictive Maintenance: Middle East & Africa Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Middle East & Africa Rolling Stock Management Market, by Key Country – Revenue (2022) (US$ Million)
Figure 30. Middle East & Africa: Rolling Stock Management Market Revenue Share, by Key Country (2022 and 2028)
Figure 31. Saudi Arabia: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. UAE: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. South Africa: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of Middle East & Africa: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
The List of Companies – Middle East & Africa Rolling Stock Management Market
1. ABB Ltd
2. Alstom SA
3. Mitsubishi Electric Corp
4. Siemens Mobility GmbH
5. Talgo SA
6. Thales SA
7. Toshiba Infrastructure Systems and Solutions Corp
8. Trimble Inc.
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