India railway equipment market is expected to grow at a formidable rate during the forecast period. This can be majorly attributed to the large-scale investment by leading companies and government of the country. Moreover, due to the rising volume of transported products coupled with the increase in distance covered by logistics vehicles, the demand for railway equipment has intensified, thereby driving growth in the market. Furthermore, the key players operating in the railway equipment manufacturing industry are involved in the manufacturing of brakes, locomotives, passenger rail cars and freight, and other parts used in operating railways. However, the market is likely to get subdued in the upcoming years due to various policies related to railroads implemented by government of the country.

Based on type, the railway equipment market is categorized into rolling stock, railway infrastructure and others. Among them, the rolling stock demand is significantly increasing at a rapid pace in India railway equipment market. This demand can be attributed to the increasing fuel prices as it acts as the key source behind the working of the transportation industry. Based on application, the market is segmented into Locomotives, DMUs, EMUs, Freight Vehicles and Others. Among them, EMUs segment is expected to witness the high growth in the upcoming years owing to growing demand for dedicated freight corridor in the country.

Some of the market players in India railway equipment market are Nokia Corporation, Kawasaki Heavy Industries, Ltd, Toshiba India Pvt. Ltd., Hitachi India Pvt. Ltd., Siemens, General Electric, Hyundai Rotem, Alstom, Bombardier Transportation India Pvt Ltd and Metalocaucho MTC (Wabtec company). The key players are investing more to develop new technologies to develop energy efficient transportation and increase their customer base worldwide.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

  • To analyse and forecast the market size of India railway equipment market.
  • To forecast India railway equipment market based on type, application and regional distribution.
  • To identify drivers and challenges for India railway equipment market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India railway equipment market.
  • To conduct the pricing analysis for India railway equipment market.
  • To identify and analyze the profile of leading players operating in India railway equipment market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of railway equipment manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product types, application types and presence of all major railway equipment manufacturers across the globe.

TechSci Research calculated India railway equipment market size by using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Railway equipment manufacturers
  • Government bodies such as regulating authorities and policy makers
  • Industry associations
  • Organizations, forums and alliances related to railway equipment market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India railway equipment market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Type:
    • Rolling Stock
    • Railway Infrastructure
    • Others
  • Market, By Application:
    • Locomotives
    • DMUs
    • EMUs
    • Freight Vehicles
    • Others
  • Market, By Region:
    • North Region
    • West Region
    • East Region
    • South Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India railway equipment market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.
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1.     Product Overview

2.     Research Methodology

3.     Impact of COVID-19 on India Railway Equipment Market

4.     Executive Summary

5.     Voice of Customer

6.     India Railway Equipment Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value

6.2.   Market Share & Forecast

6.2.1. By Type (Rolling Stock, Railway Infrastructure and Others)

6.2.2. By Application (Locomotives, DMUs, EMUs, Freight Vehicles and Others)

6.2.3. By Region (North, West, South, East)

6.2.4. By Company

6.3.   Product Market Map

7.     North India Railway Equipment Market Outlook

7.1.   Market Size & Forecast

7.1.1. By Value  

7.2.   Market Share & Forecast

7.2.1. By Type

7.2.2. By Application

8.     West India Railway Equipment Market Outlook

8.1.   Market Size & Forecast

8.1.1. By Value

8.2.   Market Share & Forecast

8.2.1. By Type

8.2.2. By Application

9.     South India Railway Equipment Market Outlook

9.1.   Market Size & Forecast

9.1.1. By Value

9.2.   Market Share & Forecast

9.2.1. By Type

9.2.2. By Application

10.  East India Railway Equipment Market Outlook

10.1.              Market Size & Forecast

10.1.1.   By Value

10.2.              Market Share & Forecast

10.2.1.   By Type

10.2.2.   By Application

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

13.  Supply Chain Analysis

14.  Policy & Regulatory Landscape

15.  India Economic Profile

16.  Competitive Landscape

16.1.              Competition Outlook

16.2.              Company Profiles

16.2.1.   Nokia Corporation

16.2.2.   Kawasaki Heavy Industries, Ltd

16.2.3.   Toshiba India Pvt. Ltd.

16.2.4.   Hitachi India Pvt. Ltd.

16.2.5.   Siemens

16.2.6.   General Electric

16.2.7.   Hyundai Rotem

16.2.8.   Alstom

16.2.9.   Bombardier Transportation India Pvt Ltd

16.2.10.                Metalocaucho MTC (Wabtec company)

17.  Strategic Recommendations

18.  About Us and Disclaimer

 (Note: The companies list can be customized based on the client requirements)

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]