Rail infrastructure refers to the foundation that supports the transport system. Rail infrastructure connects railway stations, ports, and airports. The railway system is a vital driver of social and economic development that generates opportunities for the poor and facilitates economies that increase competitiveness. Rail infrastructure connects individuals to jobs, health services, and education on a daily basis. It facilitates the supply of goods and services globally.
The key driver that boosts the rail infrastructure market is increase in demand for transportation due to rapid globalization. In addition, the rapidly aging transport infrastructure is likely to drive the rail infrastructure market globally. Old urban transport systems can no longer cope with present requirements. Moreover, natural catastrophes such as earthquakes and landslides have led to the destruction of infrastructure in some areas. To address these problems and meet requirements, governments and investors are investing large amounts of money in infrastructure projects.
At present, the rail infrastructure market is trying to adopt new technologies. Rapid population growth has led to a rise in traffic and is creating robust demand for additional rail infrastructure. However, many nations lack sufficient capital or space to build additional roads and railways. Rapid urbanization along with the changing climate has raised critical concerns and has led to increased R&D to rethink new rail systems. This has encouraged new technological improvements such as Maglev trains, metro trains, mono rails, light rails, and hyper loop.
Global concerns such as global warming, increasing fuel prices, and shrinking resources have led to the emergence of green transport in several countries. In addition, major economies are encouraging the adoption of green transport infrastructure such as electric vehicles (EVs), electric motorcycles, rail transport, and mass rapid transit (MRT).
The global rail infrastructure market can be segmented based on infrastructure, type, and region. In terms of infrastructure, the rail infrastructure market can be classified into rail network and two other segments. The increase in population in urban areas is anticipated to fuel the rail network segment in the near future. Increase in rail traffic is expected to boost investments in rail and rail track maintenance. Based on type, the rail infrastructure market can be divided into locomotive, rapid transit vehicle, and railcar. Locomotives are traditionally used to haul freight and passenger wagons for long distance main line transport. However, vehicles such as metros, light rail vehicles, and subways are being used for intra-city as well as intercity transportation. The expansion of the rail infrastructure market can be attributed to factors such as rise in global population, increasing urbanization, rising need for cleaner and faster modes of transportation, and economic growth.
In terms of region, the rail infrastructure market can be categorized into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific region comprises emerging and developing economies such as India, China, Japan, and South Korea. The region is experiencing a considerable growth in population. The rolling stock industry in the region is witnessing a rise in demand after a weak performance during the global recession. Global OEMs are investing in this region, following new market opportunities. Increasing urbanization, reduction of road congestion, and technological advancements in rolling stocks are driving expansion of the rolling stock infrastructure industry in Asia Pacific.
Key player operating in the rail infrastructure market are CSR Corporation Ltd, Kawasaki Heavy Industries Ltd., GE Transportation, Bombardier Inc., Alstom SA, Siemens AG, and others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.