Autonomous Trains Global Market Report 2023 – By Train Type (Suburban Trains, Tram, Monorail, Subwayor Metro, Long Distance Trains), By Technology (Automatic Train Control (ATC), CommunicationBased Train Control (CBTC), European Railway Traffic Management System (ERTMS), Positive Train Control (PTC)), By Grade of Automation (GOA1, GOA2, GOA3, GOA4), By Application (Passenger Train, Freight, Mining) – Market Size, Trends, And Global Forecast 2023-2032

A train is made up of a group of connected vehicles on wheels that are pulled by an engine along a track. Trains transport both people and cargo between locations. The train components refer to any locomotive, engine, tender, railroad car, passenger car, freight car, or other railroad rolling stock. The main types in the train and components market are parts and accessories for railway vehicles, locomotives, wagons, and other rolling stock. A locomotive consists of several diesel-electric locomotives coupled together to offer power to a train, as it is called, consisting of locomotives. Light rail, bullet trains, and high-speed rail are examples of train types. These are used for passengers and freight. The global train and components market is segmented - 1) By Type: Parts & Accessories For Railway Vehicles, Locomotives, Wagons, & Other Rolling Stock 2) By Train Type: Metro, Light Rail, Bullet Train/HSR 3) By Application: Passenger, Freight Subsegments Covered: Train Motors, Train Wheels, Train Doors, Train Bogies, Train Brake System, Other Parts & Accessories For Railway Vehicles The global train and components market size grew from $205.07 billion in 2022 to $222.17 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The train and components market is expected to grow to $292.87 billion in 2027 at a CAGR of 7.2%. Economic growth and a rapidly growing urban population are expected to increase the demand for new trains and components manufactured during the forecast period. Urbanization increases the demand for luxurious items among the population. Globally, approximately 60% of urban settlements remained unbuilt. Large opportunities are expected to arise in Asian countries such as Indonesia, Vietnam, and the Philippines, which are becoming increasingly popular for export-oriented manufacturing. According to the World Bank, the urban population in South Asia is expected to grow by 250 million by 2030. This rapid urbanization is expected to boost the growth of the train and component manufacturing markets. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the train and component manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak is expected to continue to harm businesses throughout 2020 and into 2021. However, it is expected that the train and components manufacturing market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Locomotive parts manufacturers are using nose suspension drivers as they reduce the shock loads due to tensile coupling between the motor shaft and axle. A nose suspension drive is a mechanism used in electric railcars that supports half of the weight of the traction motor by a wheel axle made of metal and the rest by a bogie frame. The electric motor, when integrated with a nose-mounted traction motor, reduces the shock and vibrations caused by irregularities in the track. For instance, some of the major companies manufacturing these systems include WINDHOFF Bahn-und Anlagentechnik GmbH, Afcons Infrastructure Ltd., and Balfour Beatty Rail Ltd. Major companies in the train and components market include CRRC Co Ltd., Siemens AG, Wabtec Corporation, Alstom SA, Hyundai Motor Co Ltd., Hitachi Ltd., Knorr-Bremse AG, Stadler Rail AG, China Railway Signal & Communication Corporation Limited, and Construcciones y Auxiliar de Ferrocarril. Western Europe was the largest region in the train and components market in 2022. Asia-Pacific was the second largest market in train and components market. The regions covered in the train and components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries in the train and components market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India; Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The train and components market consists of sales of train motors, train wheels, train doors, train bogies, and train brake system. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The train and components market research report is one of a series of new reports from The Business Research Company that provides train and components market statistics, including train and components industry, global train and components market size, regional shares, competitors with a train and components market share, detailed train and components market segments, train and components market trends and opportunities, and any further data you may need to thrive in the train and components industry. This train and components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Electric locomotive is a locomotive that runs on electricity and gets its power from storage batteries, overhead wires, or third rails, or even generates it on its own. The main types of energy transfer in electric locomotives are overhead lines, third rail, and onboard energy storage. Overhead lines are a wire or cable suspended between poles that is used to distribute power or signals. The technologies involved are technology, IGBT module, GTO thyristor, and sic module. The traction units involved are ac traction units, DC traction units, and multi-system units. The application involved passenger transport and freight transport. The global electric locomotives market is segmented - 1) By Energy Transfer: Overhead Lines, Third Rail, On-board Energy Storage 2) By Technology: IGBT Module, GTO Thyristor, SiC Module 3) By Traction Units: AC Traction Units, DC Traction Units, Multi System Units 4) By Application: Passenger Transport, Freight Transport The global electric locomotives market size will grow from $1.67 billion in 2022 to $1.89 billion in 2023 at a compound annual growth rate (CAGR) of 13.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global electric locomotives is expected to grow to $2.90 billion in 2027 at a CAGR of 11.4%. Increasing preference for non-polluting and energy-efficient transport is contributing to the growth of the electric locomotives market. According to the UK Department of Transport, besides highly efficient electric motors in electric locomotives that regularly have an efficiency of around 90% due to advancements such as regenerative braking, which can recover energy from braking, they emit 20%–35% less carbon per passenger mile than those enabled by diesel, which helps in a reduction in carbon emissions. Concerns regarding a greener environment have resulted in increasing demand for non-polluting and energy-efficient transport systems, thereby driving the electric locomotives market. Major players in the electric locomotives market are CRRC Corporation Limited, Bombardier Inc., Alstom SA, Siemens AG, Kawasaki Heavy Industries Ltd., General Electric Company, Transmashholding AG, Stadler Rail AG, Hitachi Ltd., and AEG Power Solutions. Regular maintenance of the rolling stock is required to ensure its safety, which is very expensive, impacting the growth of the market. For example, the annual maintenance cost of the high-speed trainset is approximately $1 million. In addition to the cost of components that need to be replaced periodically, proper maintenance is needed for facilities such as stations and berthing sites. Moreover, rolling stock requires long-term maintenance once the train has reached half of its operating life. This involves maintenance work on electrical, mechanical, and hydraulic parts of the vehicle. A large investment is needed for such maintenance. For example, the overhaul and electrification project of the around 100 km Nis-Dimitrovgrad railway line (Serbia) is estimated to cost around $306 million, and a Memorandum of Understanding (MoU) was signed with CRBC (China) for the overhaul of the Belgrade-Nis railway line for $701 million. Therefore, the expensive maintenance and overhaul that is needed regularly will hamper the growth of the electric locomotives market. The emergence of dual-mode locomotive electric trains will be one of the major trends that will gain traction in the electric locomotives market in the forecast period. In May 2022, the Indian West Central Railways, launched Navdoot. Navdoot is a dual-mode locomotive that runs on batteries. The batteries and electricity are both used to power this engine. In February 2020, Alstom announced plans to acquire Bombardier Transportation for a price between EUR 5.8 billion and EUR 6.2 billion, which will be paid by cash and new Alstom shares. This acquisition will increase Alstom's global reach and its ability to respond to the ever-increasing need for sustainable mobility. Bombardier Transportation will bring to Alstom a complementary geographical presence and an industrial footprint in growing markets, as well as additional technological platforms. It will significantly increase innovation capabilities and lead to smart and green innovation. Bombardier Transportation is a Canadian multinational company that manufactures business jets and trains. Western Europe was the largest region in the electric locomotives market in 2022. Asia-Pacific was the second largest region in the global electric locomotives market share. The regions covered in the global electric locomotives market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the electric locomotives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The electric locomotives market consists of sales of direct current (DC) and alternating current (AC) locomotives. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electric locomotives market research report is one of a series of new reports from The Business Research Company that provides electric locomotives market statistics, including electric locomotives industry global market size, regional shares, competitors with an electric locomotives market share, detailed electric locomotives market segments, market trends and opportunities, and any further data you may need to thrive in the electric locomotives industry. This electric locomotives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The rolling stock refers to wheeled vehicles owned and used by a railroad or motor carrier used to maximize passenger capacity, enhance safety and security, and improve the bottom line. The main types of products in the rolling stock market are locomotives, rapid transit vehicles, and wagons. The locomotive rolling stock by entities is driven by the diesel oil, or electricity as fuel it is an internal combustion engine where it burns heavy diesel oil and generates energy from that for the movement of the engine or it helps for the locomotion. The different locomotive technologies include conventional locomotive, turbocharge locomotive, and maglev and involve several components such as pantograph, axle, wheelset, traction motor, auxiliary power system, and others. The various end-users include passenger transit and cargo trains. The global rolling stock market is segmented – 1) By Product: Locomotive, Rapid Transit Vehicle, Wagon 2) By Locomotive Technology: Conventional Locomotive, Turbocharge Locomotive, Maglev, Diesel Locomotive, Electric Locomotive, Electro-Diesel Locomotive 3) By Component: Pantograph, Axle, Wheelset, Traction Motor, Auxiliary Power System, Other Components 4) By End User: Passenger Transit, Cargo Train The global rolling stock market size will grow from $53.95 billion in 2022 to $58.67 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of rolling stock market is expected to grow to $72.67 billion in 2027 at a CAGR of 5.5%. The demand for energy-efficient transport systems is expected to propel the growth of the rolling stock market going forward. Efficient transportation systems allow people and products to move while saving time, money, and energy. Rolling stocks are used in trains and help to reduce energy consumption, as a result, rising demand for energy-efficient transportation systems drives up demand for rolling stocks. For instance, according to Council On Energy, Environment And Water, by 2030, one-third of the four-wheelers, and half of the two wheelers sold in India would be electric as the demand for energy efficiency on the rise. The number would climb to 75% and 90% repectively by 2050. Therefore, the demand for energy-efficient transport systems is driving the growth of the rolling stock market. Major players in the rolling stock market are Alstom Holdings SA, Bombardier Inc., Construcciones y Auxiliar de Ferrocarriles SA, CRRC Corporation Limited, GE Transportation, General Electric, Hitachi Ltd., Hyundai Rotem Company, Kawasaki Heavy Industries Ltd., Siemens AG, Stadler Rail AG, Transmash Holding, Electro-Motive Diesel (EMD), Skoda Transportation AS, Talgo SA, TrinityRail, and Wabtec Corporation. The conversion of diesel locomotives to electric and electro-diesel locomotives is a key trend gaining popularity in the rolling stock market. Diesel locomotives have a low life span upon conversion of diesel locomotives to electric and electro-diesel locomotives they have a lifespan of 5-10 years more. For instance, in July 2020, The Ministry of Railways ordered Railway Board to downsize Indian Railways’ fleet of diesel locomotives and increase its fleet of electric locomotives. In May 2020, CRRC Zhuzhou Locomotive, a subsidiary of China Railway Rolling Stock Corporation, a China-based rolling stock manufacturer, acquired locomotive manufacturer Vossloh Group for an undisclosed amount. The acquisition of Vossloh Locomotives by Chinese manufacturer CRRC marks a significant milestone in the company's entry into the European rail market. Vossloh Locomotives is a subsidiary of Vossloh AG, which is a Switzerland-based manufacturer of diesel-powered shunters used in rolling stocks, in the European Economic Area. Asia-Pacific was the largest region in the rolling stock market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the rolling stock market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the rolling stock market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The rolling stock market consists of sales of powered locomotives, unpowered freight wagons, and passenger coaches. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The rolling stock market research report is one of a series of new reports from The Business Research Company that provides rolling stock market statistics, including rolling stock industry global market size, regional shares, competitors with share, detailed rolling stock market segments, market trends and opportunities, and any further data you may need to thrive in the rolling stock industry. This rolling stock market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Rail freight refers to a mode of transportation that provides the carriage of goods from a point of loading, or goods station, to a point of unloading, as well as a station capable of handling the loading and unloading of the goods carried that are generally heavy in bulk and of low value in their bulk and that offer fuel efficiency and certain solutions for the movement of goods compared to other methods. The main types in the rail freight market are intermodal, tank wagons, and freight cars. Freight cars are used to transport and carry goods. The market is also segmented by freight type into containerized, liquid, commodities, and others and by application into oil and gas, mining industry, logistics industry, post-service, and others. The global rail freight market is segmented - 1) By Type: Intermodals, Tank Wagons, Freight Cars 2) By Destination: Domestic, International 3) By Application: Oil and Gas, Mining Industry, Logistic Industry, Post Service, Other Applications 4) By Freight Type: Containerized, Liquid, Commodities, Other Applications The global rail freight market size grew from $258.77 billion in 2022 to $273.23 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The rail freight market is expected to grow to $332.67 billion in 2027 at a CAGR of 5.0%. Tracking and tracing systems of rail freight using GPS and GSM help transportation organisations overcome the rail freight transportation drawbacks such as loss and theft. It provides full-fledged security and monetarization of freight and more effective and efficient freight transportation over short distances for smaller loads. The ViWaS project, equipped with smart telematics systems in Europe, has introduced tracking technology in rail freight. Major companies in the rail freight market include Duetsche Bahn AG, BNSF Railway, Indian Railways, JSC Russian Railways, Union Pacific Corp, China Railway Corporation, Berkshire Hathaway Inc., Canadian National Railway, CSX Corp, and Norfolk Southern Corp. Asia-Pacific was the largest region in the rail freight global market in 2022. North America was the second largest region in the rail freight global market. The regions covered in the rail freight market share analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the rail freight industry share are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The rail freight market includes revenues earned by entities by transporting bulk goods from one place to another using trains. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The rail freight market research report is one of a series of new reports from The Business Research Company that provides rail freight market statistics, including market size, regional shares, competitors with a rail freight market share, detailed rail freight market segments, market trends and opportunities, and any further data you may need to thrive in the rail freight industry. This rail freight market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Electricity and signal testing instruments are defined as instruments that are used for detecting faults in the operation of electronic devices, and capturing responses from electronic devices for the usage of measuring and testing the characteristics of electronic and electrical signals. The electricity and signal testing instruments are necessary to find and analyze the circuit conditions, and for checking electronic test equipment and maintenance in various industries. The main types of electricity and signal testing instruments are electricity testing instruments, other testing and measuring instruments, and semiconductor and signal testing instruments. Electricity and signal testing instruments can measure a wide range of electrical parameters from current and voltage to resistance, continuity, and beyond. Electrical contractors use an electricity testing instrument to inspect everything from live wires and circuit breakers to power transformers and electrical panels. The various services provided are calibration services and repair services/ after-sales services that are used for environmental protection, rail, water affairs, municipal, and other applications. The global electricity and signal testing instruments market is segmented – 1) By Type: Electricity Testing Instruments, Other Testing and Measuring Instruments, Semiconductor and Signal Testing Instruments 2) By Services: Calibration Services, Repair Services/ After-sales Services 3) By Application: Environmental Protection, Rail, Water Affairs, Municipal, Other Applications The global electricity and signal testing instruments market size will grow from $61.33 billion in 2022 to $65.92 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global electricity and signal testing instruments is expected to grow to $85.47 billion in 2027 at a CAGR of 6.7%. The increasing demand from construction industries drove the market for electricity and signal testing instruments. The electricity and signal testing instruments manufacturing market is registering strong growth due to the rise in construction activity. The increasing demand for construction activity was aided by rising disposable income, strong economic growth, a stable political environment, and increasing foreign investments. According to global information, the global construction market is expected to grow to $18,775.3 billion at a compound annual growth rate CAGR of 10.6% through 2022. Therefore, the increasing demand from construction activities is expected to drive the electricity and signal testing instruments market. Major players in the electricity and signal testing instruments market are Fortive Corporation, Rohde & Schwarz GmbH & Co., Anritsu Corporation, Advantest Corp., Teradyne Inc. and Good Will Instruments. Trade protectionism in the construction industry is expected to increase in most of the markets, this is expected to restrain the electricity and signal testing instruments manufacturing market. Many countries have imposed trade restrictions, especially on imports, to boost local wood and metal products which are widely used in the construction industry. The US also imposes many trade restrictions, especially with China, to improve its local production. For example, the US placed a tariff of 25% on steel and a tariff of 10% on aluminum. The increasing trade protectionism in the construction industry hurts the electricity and signal testing instruments market. Therefore, the increasing trade protectionism limits the growth of the electricity and signal testing instruments market. The companies in the electricity and signal testing instruments are increasingly investing in the miniaturization of the instruments. The fast growth in the electronics industry is leading to the development of small-sized electronic devices for which miniaturized tests and measurement equipment are required. Miniaturized test and measurement equipment are flexible and easy to use. For example, Advantest is currently offering miniaturized electricity and signal testing equipment to keep up with the growing end-user demand. In August 2022, Maschinenfabrik Reinhausen GmBH, a Germany-based company operating in the construction of high-voltage testing and diagnostic system acquired Advanced Testing Systems Inc. for an undisclosed amount. Through this acquisition, Maschinenfabrik Reinhausen GmBH aims to strengthen its product portfolio in the high voltage testing industry and expand its reach in the USA market. Advanced Testing Systems Inc. is a US-based electrical testing and maintenance company. Asia-Pacific was the largest region in the electricity and signal testing instruments market in 2022. North America was the second-largest region in the global electricity and signal testing instruments market share. The regions covered in the global electricity and signal testing instruments market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the electricity and signal testing instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The electricity and signal testing instruments market consist of sales of circuit and continuity testers, volt meters, ohm meters, watt meters, multimeters, semiconductor test equipment, and other electricity and signal testing instruments. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electricity and signal testing instruments market research report is one of a series of new reports from The Business Research Company that provides electricity and signal testing instruments market statistics, including electricity and signal testing instruments industry global market size, regional shares, competitors with an electricity and signal testing instruments market share, detailed electricity and signal testing instruments market segments, market trends and opportunities, and any further data you may need to thrive in the electricity and signal testing instruments industry. This electricity and signal testing instruments market research report delivers a complete perspective of everything you need, with an in-deptconsistsh analysis of the current and future scenario of the industry.

Commuter rail and public bus services refer to a mode of transportation that operates local and suburban ground passenger transit systems using more than one mode of transport over regular routes and on regular schedules within a metropolitan area and its adjacent nonurban areas and is usually characterized by reduced fares, multiple rides, and commuter tickets and is mostly used by passengers during the morning and evening peak periods. The main types of services in the commuter rail and public bus services market are commuter rail services (metro and mmts) and public bus services. Commuter rail services are usually characterised by reduced fares, multiple rides, and commuter tickets, and are mostly used by passengers during the morning and evening peak periods. The market is also segmented by distance into long-distance and short-distance and by application into adults and children. The global commuter rail and public bus services market is segmented - 1) By Type: Commuter Rail Services (Metro And MMTS), Public Bus Services 2) By Distance: Long-Distance, Short-Distance 3) By Application: Adults, Children The global commuter rail and public bus services market size grew from $361.18 billion in 2022 to $397.18 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The commuter rail and public bus services market is expected to grow to $562.62 billion in 2027 at a CAGR of 9.1%. The commuter rail and public bus service markets' growth is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, following a significant decline in the previous period, are expected to further aid market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in end-user markets, thereby driving the market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the commuter rail and public bus service markets in 2020 as governments imposed lockdowns and restricted the movement of people and goods to contain the transmission. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of "lock down" and the outbreak harmed businesses throughout 2020 and 2021. However, it is expected that the commuter rail and public bus markets will recover from the shock. Major companies in the commuter rail and public bus services market include Metropolitan Transportation Authority, Transport International Holdings Limited, Transport for London (TFL), Duetsche Bahn AG, FirstGroup PLC, MTR Corp Ltd., ComfortDelGro Corporation, Stagecoach Group plc, Guangzhou Metro, and Kyushu Railway Company. Many bus service providers are introducing hybrid buses to reduce carbon emissions. Buses are generally powered by diesel, which releases CO2 emissions into the environment. On the contrary, hybrid buses utilise alternate fuel and do not require heavy investment like electric buses. A hybrid bus is powered by two alternate fuels or fuel combined with electricity, diesel-natural gas, or diesel-electric. In addition to that, these buses offer a quieter experience and lower maintenance costs. According to research by the Environmental and Energy Study Institute, hybrid buses offer about 40% improvement in fuel economy in comparison to standard diesel coaches and nearly 90% improvement over compressed natural gas buses. Major companies involved in the manufacturing of hybrid buses are Arriva Bus, Stagecoach, Volvo Buses, Allison Transmission, and Jinlong. Western Europe was the largest region in the commuter rail and public bus services market in 2022. Asia-Pacific was the second largest region in the commuter rail and public bus services market share. The regions covered in the commuter rail and public bus services market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the commuter rail and public bus services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The commuter rail and public bus services market includes revenues earned by entities by transporting goods and people with less traffic congestion to enhance productivity and reduce operational costs. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The commuter rail and public bus services market research report is one of a series of new reports from The Business Research Company that provides commuter rail and public bus services market statistics, including commuter rail and public bus services industry, global commuter rail and public bus services market size, regional shares, competitors with a commuter rail and public bus services market share, detailed commuter rail and public bus services market segments, commuter rail and public bus services market trends and opportunities, and any further data you may need to thrive in the commuter rail and public bus services industry. This commuter rail and public bus services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Passenger rail transport refers to the transportation of people using wheeled vehicles that are specifically made to travel along railroads that operate either on networks with physical facilities, labor forces, and equipment spread over a wide geographic area or over a short distance on a local rail line. The main types of passenger rail transport in the passenger rail market are medium-distance passenger transport, long-distance passenger transport, and short-distance passenger transport. Medium-distance passenger transport uses trains to provide transport for passengers from a station to a medium distance. The market is segmented by service type into transportation and services allied to transportation (maintenance of railcars and rail tracks, switching of cargo, and storage) and by application into city and rural. The global passenger rail transport market is segmented - 1) By Type: Medium-Distance Passenger Transport, Long-Distance Passenger Transport, Short-Distance Passenger Transport 2) By Service Type: Transportation, Services Allied to Transportation (Maintenance of Railcars and Rail Tracks, Switching of Cargo, and Storage) 3) By Application: City, Rural The global passenger rail transport market size grew from $246.64 billion in 2022 to $265.31 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The passenger rail transport market is expected to grow to $345.12 billion in 2027 at a CAGR of 6.8%. Advanced driver assistance system (ADAS) technology is becoming popular in the rail transportation industry to optimise energy usage, enhance operational management, safety and aid in cost reduction. These systems provide automatic warning, protection, operation, supervision, and control arrangement. They also aid in meeting stringent government regulations towards passenger safety. Around 60 million units of advanced driver assistance systems were produced globally. Some companies providing these systems for locomotives are Thales Group, Alstom S.A., Bombardier Transportation, Hitachi Ltd., CRRC Corporation Limited, Ansaldo STS, and SIEMENS AG. Major companies in the passenger rail transport market include China Railway Corporation, Central Japan Railway Co, Duetsche Bahn AG, East Japan Railway Co, FerroviedelloStatoItalianeSpA, Indian Railways, FirstGroup PLC, JSC Russian Railways, Swiss Federal Railways, and Canadian Pacific Railway. Asia-Pacific was the largest region in the passenger rail transport market in 2022. Western Europe was the second largest region in the passenger rail transport market. The regions covered in the passenger rail transport market analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the passenger rail transport global market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The passenger rail transport market includes revenues earned by entities by providing transportation because it is unaffected by traffic and adverse weather conditions and can carry large amounts of goods. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The passenger rail transport market research report is one of a series of new reports from The Business Research Company that provides passenger rail transport market statistics, including passenger rail transport global market size, regional shares, competitors with a passenger rail transport market share, detailed passenger rail transport market segments, market trends and opportunities, and any further data you may need to thrive in the passenger rail transport industry. This passenger rail transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A train is made up of a group of connected vehicles on wheels that are pulled by an engine along a track. Trains transport both people and cargo between locations. The train components refer to any locomotive, engine, tender, railroad car, passenger car, freight car, or other railroad rolling stock. The main types in the train and components market are parts and accessories for railway vehicles, locomotives, wagons, and other rolling stock. A locomotive consists of several diesel-electric locomotives coupled together to offer power to a train, as it is called, consisting of locomotives. Light rail, bullet trains, and high-speed rail are examples of train types. These are used for passengers and freight. The global train and components market is segmented - 1) By Type: Parts & Accessories For Railway Vehicles, Locomotives, Wagons, & Other Rolling Stock 2) By Train Type: Metro, Light Rail, Bullet Train/HSR 3) By Application: Passenger, Freight Subsegments Covered: Train Motors, Train Wheels, Train Doors, Train Bogies, Train Brake System, Other Parts & Accessories For Railway Vehicles The global train and components market size grew from $205.07 billion in 2022 to $222.17 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The train and components market is expected to grow to $292.87 billion in 2027 at a CAGR of 7.2%. Economic growth and a rapidly growing urban population are expected to increase the demand for new trains and components manufactured during the forecast period. Urbanization increases the demand for luxurious items among the population. Globally, approximately 60% of urban settlements remained unbuilt. Large opportunities are expected to arise in Asian countries such as Indonesia, Vietnam, and the Philippines, which are becoming increasingly popular for export-oriented manufacturing. According to the World Bank, the urban population in South Asia is expected to grow by 250 million by 2030. This rapid urbanization is expected to boost the growth of the train and component manufacturing markets. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the train and component manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak is expected to continue to harm businesses throughout 2020 and into 2021. However, it is expected that the train and components manufacturing market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Locomotive parts manufacturers are using nose suspension drivers as they reduce the shock loads due to tensile coupling between the motor shaft and axle. A nose suspension drive is a mechanism used in electric railcars that supports half of the weight of the traction motor by a wheel axle made of metal and the rest by a bogie frame. The electric motor, when integrated with a nose-mounted traction motor, reduces the shock and vibrations caused by irregularities in the track. For instance, some of the major companies manufacturing these systems include WINDHOFF Bahn-und Anlagentechnik GmbH, Afcons Infrastructure Ltd., and Balfour Beatty Rail Ltd. Major companies in the train and components market include CRRC Co Ltd., Siemens AG, Wabtec Corporation, Alstom SA, Hyundai Motor Co Ltd., Hitachi Ltd., Knorr-Bremse AG, Stadler Rail AG, China Railway Signal & Communication Corporation Limited, and Construcciones y Auxiliar de Ferrocarril. Western Europe was the largest region in the train and components market in 2022. Asia-Pacific was the second largest market in train and components market. The regions covered in the train and components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries in the train and components market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India; Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The train and components market consists of sales of train motors, train wheels, train doors, train bogies, and train brake system. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The train and components market research report is one of a series of new reports from The Business Research Company that provides train and components market statistics, including train and components industry, global train and components market size, regional shares, competitors with a train and components market share, detailed train and components market segments, train and components market trends and opportunities, and any further data you may need to thrive in the train and components industry. This train and components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.