Railway Aftermarket Overview By Future Trends and Opportunities 2027
Railway aftermarket is poised to garner exponential growth given to the pressing requirement for corrective and preventive maintenance measures in railway systems. In order to streamline day to day operations, the global railway sector is constantly 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.
Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/4511
Rail operators are highly focusing on preventive and corrective maintenance methods & periodic system overhauling, which will spur railway aftermarket growth. Railway track breakdowns and malfunctions create inconvenience for commuters and generate huge financial losses. Rising adoption of advanced knowhows for maintenance of technical systems is likely to drive railway aftermarket demand. Railway systems are adopting automation and real-time monitoring techniques to deliver information regarding rail tracks. Also, electrification in railways is expected to generate several growth opportunities for development and installation of traction systems.
Amplifying inclination of rail operators towards the utilization of innovative methods to maintain technical systems will escalate railway aftermarket share. Railway systems face massive financial losses due to malfunctioning and breakdown of tracks. Thus, rail operators are focusing on automation and real-time monitoring to predict future maintenance decisions and reduce financial losses. For example, the European Union invested in the OPTIRAIL project built on AI and computational intelligence technologies, which provides implications and cost for repairing rail geometrical conditions and new installations.
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.
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.
Request for a Customization of this research report @ https://www.decresearch.com/roc/4511
Chapter 5 Railway Aftermarket, By Product
5.1 Global market share by product, 2020 & 2027
5.2 Rail Infrastructure
5.2.1 Global market estimates and forecasts, 2017 – 2027
5.2.2 Market estimates and forecast, by region, 2017 – 2027
5.3 Rolling stock
5.3.1 Global market estimates and forecasts, 2017 – 2027
5.3.2 Market estimates and forecast, by region, 2017 – 2027
5.3.3 Metro
5.3.3.1 Global market estimates and forecasts, 2017 – 2027
5.3.3.2 Market estimates and forecast, by region, 2017 – 2027
5.3.4 High speed railways
5.3.4.1 Global market estimates and forecasts, 2017 – 2027
5.3.4.2 Market estimates and forecast, by region, 2017 – 2027
5.3.5 Light rail & trams
5.3.5.1 Global market estimates and forecasts, 2017 – 2027
5.3.5.2 Market estimates and forecast, by region, 2017 – 2027
5.3.6 Locomotives
5.3.6.1 Global market estimates and forecasts, 2017 – 2027
5.3.6.2 Market estimates and forecast, by region, 2017 – 2027
5.3.7 Passenger coaches
5.3.7.1 Global market estimates and forecasts, 2017 – 2027
5.3.7.2 Market estimates and forecast, by region, 2017 – 2027
5.3.8 Freight wagons
5.3.8.1 Global market estimates and forecasts, 2017 – 2027
5.3.8.2 Market estimates and forecast, by region, 2017 – 2027
Chapter 6 Railway Aftermarket, By Service provider
6.1 Global market share by service provider, 2020 & 2027
6.2 OEM
6.2.1 Global market estimates and forecasts, 2017 – 2027
6.2.2 Market estimates and forecast, by region, 2017 – 2027
6.3 Railway operators
6.3.1 Global market estimates and forecasts, 2017 – 2027
6.3.2 Market estimates and forecast, by region, 2017 – 2027
6.4 Third party/component suppliers
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/railway-aftermarket