North America Rolling Stock Management Market Forecast to 2028
North America 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
Integration of 5G and IoT in Rolling Stock Management System fuel the North America Rolling Stock Management Market
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 North America rolling stock management market growth in the coming years.
North America Rolling Stock Management Market Overview
The North America rolling stock management market is segmented into the US, Canada, and Mexico. In North America, rolling stock management is increasingly adopted in the railway infrastructure industry. The railway network is one of the most valuable infrastructure assets and one of the main means of transportation in the country. Renewal and maintenance of railway infrastructure play a vital role in safety performance, ride quality, train punctuality, and the life cycle cost of railway assets. According to the International Transport Forum, in 2019, North America accounted for 6% of the total rail infrastructure investment, making up 0.1% of the regions GDP. The US government is taking various initiatives to improve the rail infrastructure. In June 2022, the Biden Administration announced an investment of $ 368 million in Consolidated Rail Infrastructure and Safety Improvements (CRISI) and granted program funds to 46 projects in 32 states to improve rail infrastructure and maintenance and enhance and strengthen supply chains in North America.
North America Rolling Stock Management Market Revenue and Forecast to 2028 (US$ Million)
North America Rolling Stock Management Market Segmentation
The North America rolling stock management market is segmented based on management type, maintenance service, and country. Based on management type, the North America 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 North America 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 North America rolling stock management market is segmented into the US, Canada, and Mexico. The US dominated the North America rolling stock management market share in 2022.
Alstom SA, ABB Ltd, Hitachi Rail 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 North America rolling stock management market.
Summary Info
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According to the Research Team’ research, the North America rolling stock management market was valued at US$ 11,435.98 million in 2022 and is expected to reach US$ 16,361.42 million by 2028, registering a CAGR of 6.2% from 2022 to 2028. Expansion of rail industry and rising safety and security concerns regarding rail infrastructure are the critical factors attributed to the North America rolling stock management market expansion.
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. For instance, the Société nationale des chemins de fer français (SNCF), France’s state-owned railway company, uses modern robotics and drone technologies in its maintenance workshop, Atelier 57. The technician in the workshop uses automated guided vehicle (AGV) systems to place the uncoupled carriages and carriage components in the right place. In addition, the robotic sanding machine used in the workshop provides a finish to the surfaces of the train’s 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 North America rolling stock management market growth during the forecast period.
On the contrary, limited use of rolling stock for transportation hurdles the growth of North America rolling stock management market.
Based on management type, the North America rolling stock management market is bifurcated into rail management and infrastructure management. The rail management segment held 75.7% market share in 2022, amassing US$ 8,651.58 million. It is projected to garner US$ 11,899.27 million by 2028 to expand at 5.5% 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 North America rolling stock management market is categorized into corrective maintenance, preventive maintenance, and predictive maintenance. The corrective maintenance segment held 48.0% share of North America rolling stock management market in 2022, amassing US$ 5,484.78 million. It is projected to garner US$ 7,583.68 million by 2028 to expand at 5.5% CAGR during 2022–2028.
Based on country, the North America rolling stock management market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 82.3% share of North America rolling stock management market in 2022. It was assessed at US$ 9,415.34 million in 2022 and is likely to hit US$ 1,3661.78 million by 2028, exhibiting a CAGR of 6.4% during 2022–2028.
Key players operating in the North America rolling stock management market are Alstom SA, ABB Ltd, Hitachi Rail Ltd, Mitsubishi Electric Corp, Siemens Mobility GmbH, Talgo SA, Thales SA, Toshiba Infrastructure Systems and Solutions Corp, and Trimble Inc., among others.
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 North America 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 North America market trends and outlook coupled with the factors driving the North America 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. North America Rolling Stock Management Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America 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 – North America Market Analysis
6.1 North America Rolling Stock Management Market Overview
6.2 North America Rolling Stock Management Market Revenue Forecast and Analysis
7. North America 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. North America 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. North America Rolling Stock Management Market – Country Analysis
9.1 Overview
9.1.1 North America: Rolling stock management Market, by Key Country
9.1.1.1 US: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Rolling Stock Management Market, by Management Type
9.1.1.1.1.1 US: Rolling Stock Management Market, by Rail Management
9.1.1.1.1.2 US: Rolling Stock Management Market, by Infrastructure Management
9.1.1.1.2 US: Rolling Stock Management Market, by Maintenance Services
9.1.1.2 Canada: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Rolling Stock Management Market, by Management Type
9.1.1.2.1.1 Canada: Rolling Stock Management Market, by Rail Management
9.1.1.2.1.2 Canada: Rolling Stock Management Market, by Infrastructure Management
9.1.1.2.2 Canada: Rolling Stock Management Market, by Maintenance Services
9.1.1.3 Mexico: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Rolling Stock Management Market, by Management Type
9.1.1.3.1.1 Mexico: Rolling Stock Management Market, by Rail Management
9.1.1.3.1.2 Mexico: Rolling Stock Management Market, by Infrastructure Management
9.1.1.3.2 Mexico: 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
12. Appendix
12.1 About the Research Team
12.2 Word Index
LIST OF TABLES
Table 1. North America Rolling Stock Management Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Rolling stock management Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Rolling Stock Management Market, by Management Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Rolling Stock Management Market, by Rail Management – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Rolling Stock Management Market, by Infrastructure Management – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Rolling Stock Management Market, by Maintenance Services – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Rolling Stock Management Market, by Management Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Rolling Stock Management Market, by Rail Management – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Rolling Stock Management Market, by Infrastructure Management – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Rolling Stock Management Market, by Maintenance Services – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Rolling Stock Management Market, by Management Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Rolling Stock Management Market, by Rail Management – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Rolling Stock Management Market, by Infrastructure Management – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Rolling Stock Management Market, by Maintenance Services – Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Rolling stock management Market Segmentation
Figure 2. North America Rolling Stock Management Market Segmentation – by Country
Figure 3. North America Rolling Stock Management Market Overview
Figure 4. North America Rolling Stock Management Market, by Management Type
Figure 5. North America Rolling Stock Management Market, by Maintenance Services
Figure 6. North America Rolling Stock Management Market, by Country
Figure 7. North America – PEST Analysis
Figure 8. North America Rolling Stock Management Market- Ecosystem Analysis
Figure 9. North America Expert Opinions
Figure 10. North America Rolling Stock Management Market: Impact Analysis of Drivers and Restraints
Figure 11. North America Rolling Stock Management Market Revenue Forecast and Analysis (US$ Million)
Figure 12. North America Rolling Stock Management Market Revenue Share, by Management Type (2022 and 2028)
Figure 13. Rail Management: North America Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Remote Diagnostic Management: North America Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Wayside Management: North America Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Train management: North America Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Asset Management: North America Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Cab Advisory: North America Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: North America Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Infrastructure Management: North America Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Control Room Management: North America Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Station Management: North America Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Automatic Fare Collection Management: North America Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: North America Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America Rolling Stock Management Market Revenue Share, by Maintenance Service (2022 and 2028)
Figure 26. Corrective Maintenance: North America Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Preventive Maintenance: North America Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Predictive Maintenance: North America Rolling Stock Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America: Rolling Stock Management Market, by Key Country – Revenue (2022) (US$ Million)
Figure 30. North America: Rolling Stock Management Market Revenue Share, by Key Country (2022 and 2028)
Figure 31. US: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Canada: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Mexico: Rolling stock management Market – Revenue and Forecast to 2028 (US$ Million)
The List of Companies – North America Rolling Stock Management Market
1. Alstom SA
2. ABB Ltd
3. Hitachi Rail Ltd
4. Mitsubishi Electric Corp
5. Siemens Mobility GmbH
6. Talgo SA
7. Thales SA
8. Toshiba Infrastructure Systems and Solutions Corp
9. Trimble Inc
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