Rail Components Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Rail Track Components Market Analysis Report is Segmented by Component Type (Bogie, Engine, and Other Component Types) and Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The Report Offers Market Size and Forecast for Rail Components Market in Value (USD billion) for the Above-mentioned Segments.

Rail Components Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Rail Components Market Size

rail components market
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 3.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Rail Components Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Rail Components Market with other markets in Automotive Industry

Automotive Materials & Coatings

Automotive Technology

Vehicles

Automotive Services

Auto Parts

Automotive Equipment

Rail Components Market Analysis

The Rail Components Market is expected to register a CAGR of greater than 3% during the forecast period.

The outbreak of COVID-19 acted as a massive restraint on the rail components market in 2020, as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally.

However, the market is expected to regain its growth post lockdown, as governments are going to introduce many new projects to maintain social distancing, as people will be more concerned about the safety and security and clean air in the bogies in the wake of the pandemic. These measures are likely to boost the production of new bogies and necessary rail components during the forecast period.

An increase in developments of metro projects and expansion of electrified network rail routes will further create opportunities for OEMs to expand their revenue stream and increase their geographical presence. Factors, such as the increase in investments in rail infrastructure and expansion of rail networks in densely populated regions, will enable the growth of the rail components market.

Asia-Pacific is expected to witness significant growth during the forecast period owing to the high demand for rail transportation from countries like China, Japan, South Korea, and India. Meanwhile, in Europe and North America, the market is anticipated to grow due to the rising demand for passenger and freight transportation.

Rail Components Industry Overview

The rail components market is consolidated due to the presence of major players in the market, such as Siemens AG, Bombardier Inc., CRRC Corporation Limited, Alstom, and Hitachi. The market witnessed various growth strategies, such as acquisitions, mergers, and collaborations, adopted by market players over the past few years. Major players in the market are focusing on expanding their product portfolio to augment their revenue share. For instance:

  • In February 2019, GE announced the completion of its merger with Wabtec for USD 2.9 million in cash and Wabtec nonvoting convertible preferred stock.
  • In December 2019, Bombardier won a EUR 26.8 million contract for refurbishment, maintenance, and upgradation of 59 bombardier Swedish Regina Electric Multiple Units Fleet.
  • Hyundai Rotem signed a maintenance contract extension with the Ukraine Railway Speed Company (URSC). The contract covers 90 trains and is valued at KRW 64.8 billion (around EUR 50 million). It is a five-year extension of a deal beginning in 2022 and running through to 2027.

Rail Components Market Leaders

  1. CRRC Corporation Limited

  2. Siemens AG

  3. Alstom SA

  4. Bombardier Inc.

  5. Hitachi Ltd

  6. *Disclaimer: Major Players sorted in no particular order
rail component mc.png
Need More Details on Market Players and Competiters?
Download PDF

Rail Components Market News

  • In May 2020, CRRC acquired the locomotive manufacturer, Vossloh Group, in Europe. The primary aim of the acquisition was to retain engineering expertise for the development of new products with innovative traction concepts through a partnership structure in the region.
  • In March 2020, Alstom acquired Bombardier's rail business worth USD 5.5 billion, which allows Alstom to have a more visible global presence and complements its activities in North America.
  • In March 2020, Stadler won a contract to supply 1,500 Metro cars to Berlin Verkehrsbetriebe. The agreement is worth USD 3.2 billion, which also includes the provision of spare parts.

Rail Components Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter's Five Force Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Component
    • 5.1.1 Bogie
    • 5.1.1.1 Brake System
    • 5.1.1.2 Suspension System
    • 5.1.1.3 Wheel and Axle
    • 5.1.1.4 Other Bogies ( Gear Box, Motor, and Supporting Frames)
    • 5.1.2 Engine
    • 5.1.3 Others ( Couplers, Body Frames, etc)
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.1.1 United States
    • 5.2.1.2 Canada
    • 5.2.1.3 Mexico
    • 5.2.2 Europe
    • 5.2.2.1 Germany
    • 5.2.2.2 United Kingdom
    • 5.2.2.3 France
    • 5.2.2.4 Rest of Europe
    • 5.2.3 Asia-Pacific
    • 5.2.3.1 India
    • 5.2.3.2 China
    • 5.2.3.3 Japan
    • 5.2.3.4 South Korea
    • 5.2.3.5 Rest of Asia-Pacific
    • 5.2.4 Rest of the World
    • 5.2.4.1 Brazil
    • 5.2.4.2 South Africa
    • 5.2.4.3 Other Countries

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 CRRC Corp. Ltd
    • 6.2.2 Siemens AG
    • 6.2.3 Bombardier Inc.
    • 6.2.4 Alstom SA
    • 6.2.5 Wabtec Corp. (previously GE Transportation)
    • 6.2.6 Hyundai Rotem
    • 6.2.7 Stadler Rail AG
    • 6.2.8 The Greenbrier Companies
    • 6.2.9 Trinity Industries Inc.
    • 6.2.10 Construcciones Y Auxiliar De Ferrocarriles SA
    • 6.2.11 Escorts Group
    • 6.2.12 Hitachi Ltd
    • 6.2.13 Progress Rail (Caterpillar Company)
    • 6.2.14 Nippon Sharyo Ltd
    • 6.2.15 Kawasaki Heavy Industries Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Rail Components Industry Segmentation

Rail components majorly include railway tracks, railway sleepers, turnout, rail fastening systems, and railway fish plates. The Rail Components Market report covers the latest trends, covid-19 impact followed by technological developments in the market. The scope of the report covers segmentation based on Component type and Geography.

By Component type, the market is segmented into Bogie, Engine, and Others and by Geography type, the market is segmented into North America, Europe, Asia-Pacific and Rest of the world. For each segment, the market sizing and forecast have been done on basis of value (USD billion).

By Component Bogie Brake System
Suspension System
Wheel and Axle
Other Bogies ( Gear Box, Motor, and Supporting Frames)
Engine
Others ( Couplers, Body Frames, etc)
Geography North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Rest of Europe
Asia-Pacific India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World Brazil
South Africa
Other Countries
Need A Different Region or Segment?
Customize Now

Rail Components Market Research FAQs

What is the current Rail Components Market size?

The Rail Components Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)

Who are the key players in Rail Components Market?

CRRC Corporation Limited, Siemens AG, Alstom SA, Bombardier Inc. and Hitachi Ltd are the major companies operating in the Rail Components Market.

Which is the fastest growing region in Rail Components Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Rail Components Market?

In 2025, the North America accounts for the largest market share in Rail Components Market.

What years does this Rail Components Market cover?

The report covers the Rail Components Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Rail Components Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Rail Components Industry Report

Statistics for the 2025 Rail Components market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Rail Components analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.