This statistic shows the average annual market size of the rail technology industry between 2017 and 2025. During the 2020 and 2022 time period, the market volume was estimated at *** billion euros on average. The market is expected to grow at a compound annual growth rate of *** percent to reach an average annual value of *** billion euros between 2023 and 2025.

The statistic represents the results of a 2017 survey regarding rail industry trends over the next five years, as predicted by people in such industries. Just over ** percent of the respondents believed that competition in the rail industry will increase over the next five years.

After having experienced a sharp decline in revenues during the COVID-19 pandemic, the global passenger rail sector is projected to grow significantly over the coming years. Between 2023 and 2027, global revenue from the sector is projected to grow by around ** percent.

The statistic illustrates the distribution of the compound annual growth rate of the global rail supply market between 2015-2017 and 2021-2023, with a breakdown by region. During this time period, the rail supply market in Latin America is expected to show the highest growth at *** percent.

Average revenue per user in the global passenger rail sector is expected to grow to just over *** U.S. dollars by 2029. In 2023, average revenue per user in the sector stood slightly higher, at close to *** U.S. dollars.

The global DIN Rail Terminal Blocks market has the potential to grow with xx million USD with growing CAGR in the forecast period from 2021f to 2026f.

In 2024, the global railway sleeper market decreased by -4.6% to $7.3B for the first time since 2016, thus ending a seven-year rising trend. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2023 when the market value increased by 9.4% against the previous year.

The Global Check Rails Market is projected to reach US$ 1,363.0 Mn in 2032. The growing railway network in mass transportation across the globe, reducing the wear of the rail, and preventing derailment due to flange climbing are the factors driving the demand for Check Rails.

Attributes	Details
Market Size (2021)	US$ 764.3 Million
Market Size 2022	US$ 805.6 Million
Market Size 2032	US$ 1,363.0 Million
Value CAGR (2022 to 2032)	5.40 %

Scope of the Report

Attribute	Details
Growth Rate	CAGR of 5.40% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2017 to 2021
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million, Volume in Units, and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Mounting position Gauge Type Rail track type Region
Regions Covered	North America Latin America Europe East Asia South Asia & Pacific The Middle East and Africa
Key Countries Covered	USA Canada Mexico Brazil Germany UK France BENELUX Italy Spain Russia China Japan India Turkey South Africa Northern Africa GCC Countries ANZ
Key Companies Profiled	Progress Rail Patil Group Moxon Industries Kimes Steel & Rail, Inc. Jindal Steel & Power Ltd N. Mohanlal Railtrack Private Limited Jekay International Track Pvt. Ltd. Zhongxiang Inc. ArcelorMittal British Steel
Customization & Pricing	Available upon Request

Queensland Rail has publicly published the Annual Report 2017-18. As part of their Annual Report process, this dataset contains additional information reported in lieu of inclusion in the Annual Report.

Resources include expenses relating to:

• Consultancy,
• Overseas travel and
• Government bodies.

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

ATTRIBUTES	DETAILS
STUDY PERIOD	2017-2030
BASE YEAR	2024
FORECAST PERIOD	2025-2030
HISTORICAL PERIOD	2017-2024
UNIT	VALUE (USD MILLION)
KEY COMPANIES PROFILED	SNCF, CN Railway, DB Schenker, SBB Cargo, Baltic Rail, Union Pacific, CTL Logistics, Colas Rail, Genesee & Wyoming, GeoMetrix Rail Logistics, Kuehne Nagel, Ozark Rail Logistics, RSI Logistics, Tschudi Logistics, VTG Rail Logistics, BNSF, DHL, Deutsche Bahn AG, Japan Freight Railway Company, NIPPON EXPRESS, China Railway Tielong Container Logistics, Others
SEGMENTS COVERED	By Product Type - Tank Wagons, Freight Cars, Intermodals By Application - Oil and Gas, Mining Industry, Logistic Industry, Chemical Industry, Other By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa

The number of passenger train users globally has grown consistently since 2017 and is projected to continue on an upward trend. In 2023, around *** million passenger rail users were recorded. By 2028, this number is expected to grow to **** billion users.

The French electric rail locomotive market dropped remarkably to $65M in 2024, which is down by -19.9% against the previous year. Over the period under review, consumption continues to indicate a abrupt slump. Electric rail locomotive consumption peaked at $287M in 2017; however, from 2018 to 2024, consumption failed to regain momentum.

Agencia Nacional de Transportes Terrestres (ANTT) is planning to construct a 930km railroad between Sinop in the state of Mato Grosso and Miritituba in the state of Pará in Brazil.The project involves the laying of railway lines, the construction of bridges, overpasses, stations and pedestrian bridges and the installation of signaling systems.70% of the construction cost will be financed by Banco Nacional de Desenvolvimento Econômico e Social (BNDES).In February 2014, Estação da Luz Participações (EDLP) filed a request to develop feasibility studies for a railway between Sinop (MT) and Miritituba (PA).In May 2015, EPL (Empresa de Planejamento e Logística SA) commenced the environmental study process for the development of the project.In November 2015, the trading companies Cargill, Bunge, Louis Dreyfus Commodities and Amaggi, intercropped with business structuring company EDLP, proposed their interest for the construction of the railway stretch between the cities of Sinop in Mato Grosso, and Miritituba in Para.In February 2016, the Ministry of Transport approved the feasibility, technical and environmental studies for the project.In October 2017, the public hearing commenced.In December 2017, the public consultation on the projects completed.Planning activities are underway to launch a concession tender by 2018. Read More

Australia GVA: 2017-18p: sa: Contribution to Growth: Transport, Postal & Warehousing: Rail, Pipeline & Other Transport data was reported at 0.000 Index Point in Sep 2019. This stayed constant from the previous number of 0.000 Index Point for Jun 2019. Australia GVA: 2017-18p: sa: Contribution to Growth: Transport, Postal & Warehousing: Rail, Pipeline & Other Transport data is updated quarterly, averaging 0.000 Index Point from Dec 1974 (Median) to Sep 2019, with 180 observations. The data reached an all-time high of 0.100 Index Point in Jun 2011 and a record low of -0.100 Index Point in Sep 2006. Australia GVA: 2017-18p: sa: Contribution to Growth: Transport, Postal & Warehousing: Rail, Pipeline & Other Transport data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A107: SNA08: Gross Value Added: by Industry: Chain Linked: 2017-18 Price: Seasonally Adjusted: Contribution to Growth.

Snapshot img { margin: 10px !important; } Outlook of the global mass transit security market

Technavio’s market research analyst predicts the global mass transit security market to grow steadily at a CAGR of around 9% by 2021. One of the major drivers responsible for this growth is the increasing need for public safety. A constant rise in the crime rate and an ever-increasing number of criminal attacks has raised awareness of security among local and federal governments. For instance, in August 2015, a heavily armed man attacked commuters on a train in France. Such terror attacks are increasing worldwide, and corrective methods are being taken especially in mass transit locations such as bus stops, railway stations, airports, and marine ports. Since catastrophic attacks can lead to irreparable losses, transit security systems are helpful in monitoring and scanning people and their luggage. Also law enforcement agents are expected to take precautionary measures to avoid such incidences.

The rising number of terrorist attacks has led to an increase in the demand for chip-embedded passports, also known as e-passports. With the rising number of cross-border travelers, the need for a better passport authentication method has become a priority for authorities across the globe. E-passports are embedded with smart chips that generate a unique code for the identification of the user. These codes are difficult to decode or forge, making e-passports more reliable than traditional paper booklets. The adoption of e-passports is rapidly increasing in European countries such as Finland, the Netherlands, Germany, France, Poland, Greece, and Macedonia.

Competitive landscape and key vendors

The mass transit security systems market is highly fragmented due to the presence of many small and large vendors. As the market is gaining traction and is expected to grow over the forecast period, many new players are entering the market. To survive this intensely competitive environment, it has become imperative for vendors to distinguish their products and services offered, through clear and unique value propositions. The market is expected to see intensified competition with an increase in product/service extensions, technological innovations, and mergers and acquisitions. Competition in this market is expected to intensify during the forecast period with the increase in development of new technologies and product lines.

Leading vendors in the market are -

Axis Communications
Bosch Security Systems
NICE Systems (Qognify)
Panasonic
Tyco 

The other prominent vendors in the mass transit security market include AngelTrax, Cisco Systems, Fortem, Genetec, Hikvision Digital Technology, IndigoVision, Intergraph, Kratos Defense and Security Solutions, and Teleste.

Segmentation by components and analysis of the mass transit security market

Access Control
Surveillance
Infrastructure Security

During 2016, the infrastructure security segment dominated the mass transit security market and accounted for a major part of the overall market share. The rise in the number of criminal activities, theft, and unauthorized access to secure areas, has increased the threat to infrastructures across the globe. Moreover, the rising number of infrastructure attacks have drastically increased the awareness of people for infrastructure security; this increasing awareness level has given rise to the rapid adoption of infrastructure security systems worldwide.

Geographical segmentation and analysis of the X-band radar market

Americas
APAC
EMEA

In this market study, analysts have estimated, the Americas are dominating the global mass transit security market during 2017. Since the 9/11 attack in 2001, the US authorities have taken precautionary measures to implement security systems to defend against possible terrorist attacks on parts of the ground transportation systems including subways, railroad trains, and bridges. The transportation sector is the most vulnerable to various types of threats, as millions of people in the US use mass transit systems every day and there is no fixed way to protect buses and trains from terror attacks.

Key questions answered in the report include

What will the market size, market forecast and the growth rate be of the global mass transit security market in 2021?
What are the key factors driving the global mass transit security market?
What are the key market trends impacting the growth of the global mass transit security market?
What are the challenges to market growth of the global mass transit security market?
Who are the key vendors in the global mass transit security market?
What are the market opportunities and threats faced by the vendors in the global mass transit security market?
Trending factors influencing the market shares of the of the global mass transit security market in Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global mass t

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

ATTRIBUTES	DETAILS
STUDY PERIOD	2017-2030
BASE YEAR	2024
FORECAST PERIOD	2025-2030
HISTORICAL PERIOD	2017-2024
UNIT	VALUE (USD MILLION)
KEY COMPANIES PROFILED	Vossloh, China Railway Material Sleeper of Pingdingshan, Abetong, L.B. Foster, Kirchdorfer Group, Shandong High Speed Rail Equipment Material, Weihai Ruihe Railway Sleeper, Hengchang Railroad Sleeper, Aveng Infraset, Patil Group, The Indian Hume Pipe, Kunming Railway Sleeper, Schwihag
SEGMENTS COVERED	By Product Type - Longitudinal Sleepers, Transverse Sleepers By Application - Railway, Subway, Others By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa

The revenue of the railway goods van market in the European Union amounted to $X in 2017, remaining constant against the previous year. The railway goods van consumption continues to indicate a drastic reduction. The most prominent rate of growth was recorded in 2015, with an increase of X% against the previous year. In that year, the railway goods van market reached their peak level of $X. From 2016 to 2017, growth of the railway goods van market failed to regain its momentum.In 2017, approx.

Employee Fatality, Canadian Pacific Railway, Yard assignment FS23, Mile 46.9, Adirondack Subdivision, St-Luc Yard, Montréal, Quebec, 08 November 2017

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

ATTRIBUTES	DETAILS
STUDY PERIOD	2017-2030
BASE YEAR	2024
FORECAST PERIOD	2025-2030
HISTORICAL PERIOD	2017-2024
UNIT	VALUE (USD MILLION)
KEY COMPANIES PROFILED	Ansteel, EVRAZ, BaoTou Steel, ArcelorMittal, Tata Steel, SAIL, Wuhan Iron and Steel, NSSMC, Voestalpine, JSPL, Mechel, ThyssenKrupp, JFE Steel, OneSteel, Hesteel Group, Getzner Werkstoffe, Atlantic Track, Harmer Steel, RailOne
SEGMENTS COVERED	By Product Type - 30-40 Kg/m Rail, 40-50 Kg/m Rail, 50-60 Kg/m Rail, Above 60 Kg/m Rail By Application - Railway Transit, Engineering & Construction By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa

GVA: 2014-15p: sa: Contribution to Growth: Transport, Postal & Warehousing: Rail, Pipeline & Other Transport data was reported at 0.000 Index Point in Jun 2017. This stayed constant from the previous number of 0.000 Index Point for Mar 2017. GVA: 2014-15p: sa: Contribution to Growth: Transport, Postal & Warehousing: Rail, Pipeline & Other Transport data is updated quarterly, averaging 0.000 Index Point from Dec 1974 (Median) to Jun 2017, with 171 observations. The data reached an all-time high of 0.100 Index Point in Jun 2011 and a record low of -0.100 Index Point in Sep 2006. GVA: 2014-15p: sa: Contribution to Growth: Transport, Postal & Warehousing: Rail, Pipeline & Other Transport data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A246: SNA08: Gross Value Added: by Industry: Chain Linked: 2014-15 Price: Seasonally Adjusted: Contribution to Growth.