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Railway Fleet Management Market Size to Increase by USD 3.31 Bn during 2022-2026 | 40% of the growth to originate from APAC| Technavio
[June 08, 2022]

Railway Fleet Management Market Size to Increase by USD 3.31 Bn during 2022-2026 | 40% of the growth to originate from APAC| Technavio


NEW YORK, June 8, 2022 /PRNewswire/ -- Technavio has been monitoring the global Railway Fleet Management Market and it is expected to grow by USD 3.84 billion from 2021 to 2026, at a CAGR of 13.66% during the forecast period.

 

This report extensively covers railway fleet management market segmentations by the following:

  • Communication technology - GNSS and cellular system
  • Geography - APAC, Europe, North America, Middle East and Africa, and South America

The report offers an up-to-date analysis of the current market scenario, latest trends and drivers, and the overall market environment. Request Latest Sample Report.

Market Dynamics

Factors such as growth in the adoption of wireless technology in the railway industry, the growing need for operational competency, and the investments in new railway projects will drive the growth of the Railway Fleet Management Market during the forecasted period. However, the slow adoption rate among small fleet owners might hamper the market growth.

The growing adoption of cloud computing for streamlining fleet management operations is expected to open multiple growth opportunities for players in the market. But the high cost of fleet management might impact the business of vendors during the forecast period.

Download sample Report for highlights on market Drivers & Challenges affecting the Railway Fleet Management Market.

Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.  

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • AT and T Inc.
  • Bourque Logistics
  • CLX Logistics LLC
  • CRX SOFTWARE
  • GeoMetrix Rail Logistics Inc.
  • Geotab Inc.
  • GMV Innovating Solutions SL
  • HaslerRail AG
  • KLS Logistics Services Inc.
  • Masternaut Ltd.
  • Nomad Technologies Holdings Ltd.
  • ORBCOMM Inc.
  • Railcar Tracking Co.
  • Railnova SA

Find additional highlights on the growth strategies adopted by vendors and their product
offerings,
Read our latest Sample Report.

Market Segmentation

GNSS will gain a major portion of the railway fleet management market during the forecast period. The Global Navigation Satellite System (GNSS) is one such technology that is frequently employed in the railway business. Rapid urbanisation in developing economies, many GNSS benefits, and government measures to upgrade their satellite navigation systems are driving the adoption of GNSS in railway fleet management.

View Sample Report: to know additional highlights and key points on various market
segments and their impact in coming years.

Railway Fleet Management Market Key Highlights
  • CAGR of the market during the forecast period
  • Detailed information on factors that will assist railway fleet management market growth during the next five years
  • Estimation of the railway fleet management market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the railway fleet management market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of railway fleet management market vendors

Do reach out to our analysts for more customized reports as per your requirements. Speak to our Analyst now!

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Railway Fleet Management Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 13.66%

Market growth 2022-2026

$ 3.31 billion

Market structure

Fragmented

YoY growth (%)

13.43

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 40%

Key consumer countries

US, China, India, France, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AT and T Inc., Bourque Logistics, CLX Logistics LLC, CRX SOFTWARE, GeoMetrix Rail Logistics Inc., Geotab Inc., GMV Innovating Solutions SL, HaslerRail AG, KLS Logistics Services Inc., Masternaut Ltd., Nomad Technologies Holdings Ltd., ORBCOMM Inc., Railcar Tracking Co., Railnova SA, Ricardo Plc, The Greenbrier Companies Inc., Trimble Inc., Verizon Communications Inc., VTG Aktiengesellschaft, and Westinghouse Air Brake Technologies Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.


Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Communication Technology
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Communication Technology

  • 5.1 Market segments
    • Exhibit 24: Chart on Communication Technology - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Communication Technology - Market share 2021-2026 (%)
  • 5.2 Comparison by Communication Technology
    • Exhibit 26: Chart on Comparison by Communication Technology
    • Exhibit 27: Data Table on Comparison by Communication Technology
  • 5.3 GNSS - Market size and forecast 2021-2026
    • Exhibit 28: Chart on GNSS - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on GNSS - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on GNSS - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on GNSS - Year-over-year growth 2021-2026 (%)
  • 5.4 Cellular system - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Cellular system - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Cellular system - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Cellular system - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Cellular system - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Communication Technology
    • Exhibit 36: Market opportunity by Communication Technology ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 APAC - Market size and forecast 2021-2026
    • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 North America - Market size and forecast 2021-2026
    • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 China - Market size and forecast 2021-2026
    • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.9 US - Market size and forecast 2021-2026
    • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.10 France - Market size and forecast 2021-2026
    • Exhibit 70: Chart on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on France - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on France - Year-over-year growth 2021-2026 (%)
  • 7.11 India - Market size and forecast 2021-2026
    • Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 7.12 Germany - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 AT and T Inc.
    • Exhibit 89: AT and T Inc. - Overview
    • Exhibit 90: AT and T Inc. - Business segments
    • Exhibit 91: AT and T Inc. - Key offerings
    • Exhibit 92: AT and T Inc. - Segment focus
  • 10.4 CLX Logistics LLC
    • Exhibit 93: CLX Logistics LLC - Overview
    • Exhibit 94: CLX Logistics LLC - Product / Service
    • Exhibit 95: CLX Logistics LLC - Key offerings
  • 10.5 GMV Innovating Solutions SL
    • Exhibit 96: GMV Innovating Solutions SL - Overview
    • Exhibit 97: GMV Innovating Solutions SL - Product / Service
    • Exhibit 98: GMV Innovating Solutions SL - Key offerings
  • 10.6 ORBCOMM Inc.
    • Exhibit 99: ORBCOMM Inc. - Overview
    • Exhibit 100: ORBCOMM Inc. - Product / Service
    • Exhibit 101: ORBCOMM Inc. - Key offerings
  • 10.7 Ricardo Plc
    • Exhibit 102: Ricardo Plc - Overview
    • Exhibit 103: Ricardo Plc - Business segments
    • Exhibit 104: Ricardo Plc - Key offerings
    • Exhibit 105: Ricardo Plc - Segment focus
  • 10.8 The Greenbrier Companies Inc.
    • Exhibit 106: The Greenbrier Companies Inc. - Overview
    • Exhibit 107: The Greenbrier Companies Inc. - Business segments
    • Exhibit 108: The Greenbrier Companies Inc. - Key news
    • Exhibit 109: The Greenbrier Companies Inc. - Key offerings
    • Exhibit 110: The Greenbrier Companies Inc. - Segment focus
  • 10.9 Trimble Inc.
    • Exhibit 111: Trimble Inc. - Overview
    • Exhibit 112: Trimble Inc. - Business segments
    • Exhibit 113: Trimble Inc. - Key offerings
    • Exhibit 114: Trimble Inc. - Segment focus
  • 10.10 Verizon Communications Inc.
    • Exhibit 115: Verizon Communications Inc. - Overview
    • Exhibit 116: Verizon Communications Inc. - Business segments
    • Exhibit 117: Verizon Communications Inc. - Key offerings
    • Exhibit 118: Verizon Communications Inc. - Segment focus
  • 10.11 VTG Aktiengesellschaft
    • Exhibit 119: VTG Aktiengesellschaft - Overview
    • Exhibit 120: VTG Aktiengesellschaft - Product / Service
    • Exhibit 121: VTG Aktiengesellschaft - Key news
    • Exhibit 122: VTG Aktiengesellschaft - Key offerings
  • 10.12 Westinghouse Air Brake Technologies Corp.
    • Exhibit 123: Westinghouse Air Brake Technologies Corp. - Overview
    • Exhibit 124: Westinghouse Air Brake Technologies Corp. - Business segments
    • Exhibit 125: Westinghouse Air Brake Technologies Corp. - Key news
    • Exhibit 126: Westinghouse Air Brake Technologies Corp. - Key offerings
    • Exhibit 127: Westinghouse Air Brake Technologies Corp. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 128: Inclusions checklist
    • Exhibit 129: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 130: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 131: Research methodology
    • Exhibit 132: Validation techniques employed for market sizing
    • Exhibit 133: Information sources
  • 11.5 List of abbreviations
    • Exhibit 134: List of abbreviations
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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