Global Railway Aftermarket Market Overview 2025: Competitive Analysis & Growth Trends
30 Apr, 2025
The Railway Aftermarket Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Railway Aftermarket Market?
The size of the railway aftermarket market has seen considerable growth recently. It is projected to increase from $88.95 billion in 2024 to $94.77 billion in 2025, registering a compound annual growth rate (CAGR) of 6.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Railway Aftermarket Industry?
The Railway Aftermarket Global Market Report 2025 forecasts that by 2029, the market size will be $120.84 billion, growing at a compound annual growth rate (CAGR) of 6.3%.
Download Your Free Sample of the 2025 Railway Aftermarket Market Report and Uncover Key Trends Now!What are the Key Growth Drivers Fueling the Railway Aftermarket Market?
The key drivers in the railway aftermarket market are:
• Rising adoption of sustainable practices in the railway industry
• Increase in rail travel popularity
• Growing promotion and utilization of public transportation
• Influx of private sector participation in rail industry
Global Market Segmentation: Identifying Major Railway Aftermarket Industry Segments
The railway aftermarket market covered in this report is segmented –
1) By Product: Rail Infrastructure, Rolling Stock And Locomotives, Metro, High-Speed Railway (HSR), Light Rail And Trams, Locomotives, Passenger Coaches, Freight Wagons
2) By Subsystem: Traction And Propulsion, Bogies Or wheelsets And Suspension, Body Structures, Braking Systems, Auxiliary Systems, Rail Tracks, Other Subsystems
3) By Service Provider: Original Equipment Manufacturer (OEM), Railway Operators, Third-Party Or Component Suppliers
Subsegments:
1) By Rail Infrastructure: Tracks And Rails, Signaling Systems, Electrification Systems, Stations And Platforms
2) By Rolling Stock And Locomotives: Diesel Locomotives, Electric Locomotives, Hybrid Locomotives
3) By Metro: Rapid Transit Vehicles, Automated People Movers (APMs), Heavy Rail Metro Systems
4) By High-Speed Railway (HSR): Electric Multiple Units (EMUs), High-Speed Coaches, HSR Signaling Systems
5) By Light Rail And Trams: Streetcars, Light Metro Vehicles, Articulated Trams
6) By Locomotives: Freight Locomotives, Passenger Locomotives, Shunting Locomotives
7) By Passenger Coaches: Sleeper Coaches, Seating Coaches, Luxury Coaches
8) By Freight Wagons: Covered Wagons, Open-Top Wagons, Tank Wagons, Flat Wagons
What are the emerging Trends Shaping the Future of the Railway Aftermarket Market?
The key trends in the railway aftermarket market are:
• The adoption of sustainable practices is driving changes in the railway aftermarket global market.
• Technological advancements in rail propulsion systems are shaping the future of the market.
• The integration of big data analytics and 5G technology for rail communication is an emerging trend.
• There are advancements being made in rail vehicle design that are influencing the market.
Who Are the Top Competitors & Leading Players in the Railway Aftermarket Market?
Major players in the railway aftermarket market are:
• ZF Friedrichshafen AG
• ABB Ltd.
• Alstom SA
• Kiewit Corporation
• Siemens Mobility GmbH
• Wabtec Corporation
• Hitachi Rail Limited
• Knorr-Bremse AG
• Stadler Rail AG
• CRRC Corporation Limited
• Harsco Rail
• Unipart Group Ltd.
• RailWorks Corporation
• The Walsh Group Ltd.
• Loram Maintenance of Way Inc.
• Gemco Rail
• MERMEC S.p.A.
• CJSC Transmashholding
• Bemo Rail BV
• Plasser & Theurer Export von Bahnbaumaschinen GmbH
• Linsinger Maschinenbau GmbH
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the railway aftermarket market in 2024