Rail Asset Management Global Market Report 2022 – By Solution (Asset Performance Management, Analytics, Asset Planning & Scheduling, Security, Workforce Management), By Services (Professional Services, Managed Services), By Deployment Mode (Cloud, On-Premises) – Market Size, Trends, And Global Forecast 2022-2026

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The rail asset management market consists of sales of rail asset management services by entities (organizations, sole traders, and partnerships) that plan, advise on and manage various kinds of rail assets. Rail assets management includes several solutions that enable improvement in the management of rail assets. It comprises several activities such as design, construction, operations, maintenance & support, traffic planning, infrastructure management, communication network, station control, rail-facility information management, among others. These solutions and services enable timely monitoring and efficient scheduling of assets with reduced downtime.

The main types in rail asset management solutions are asset performance management, analytics, asset planning and scheduling, security, workforce management, and others. Asset performance management solutions encompass the capabilities of data capture, integration, visualization and analytics tied together for the explicit purpose of improving the reliability and availability of physical assets. These solutions are offered through professional services and managed services and deployed through cloud and on-premise locations. Rail asset management solutions can be applied in areas such as rolling stock and infrastructure.

The global rail asset management market size is expected to grow from $9.85 billion in 2021 to $10.61 billion in 2022 at a compound annual growth rate (CAGR) of 7.7%. The change in the rail asset management market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $13.78 billion in 2026 at a CAGR of 6.8%.

Rising investments of various governments in rail infrastructure and digitalization projects worldwide are anticipated to contribute to the demand for the rail asset management market over the forecast period. The expansion of rail services necessitates the optimization of existing passenger and freight schedules to achieve higher output. For instance, according to the International Railway Journal (IRJ), in 2021, the Norwegian government has set up NKR 32.1 billion ($3.51 billion) for railway infrastructure investments, operations, and maintenance, an increase of 20% over 2020. Moreover, according to the Federation of Indian Industry (FII), Indian Railways is planning to invest $4 billion in world-class private passenger trains. Additionally, as per the Indian Railways report in 2021, railway projects can attract over $ 7.5 billion in investment over the next five years. Huge investments in the rail industry will generate higher demand for the management of rail asset services, thereby propelling the demand for the rail asset management market.

The companies operating in the rail asset management market are increasingly undergoing strategic partnerships and collaboration to improve their financial position, strengthen their product portfolio, and expand the global presence of the company. For instance, in April 2020, Cyient Limited, an India-based company focused on engineering, data analytics, network & operations, and manufacturing collaborated with Hitachi Rail to enhance the installation of signaling technology and improve Hitachi Rail’s project execution capabilities. Cyient will create and run a central distribution facility for Hitachi Rail in India, as well as a regional center in the USA, as part of the agreement. Additionally, in March 2019, Kapsch CarrierCom expands its portfolio for railway providers by building a strong partnership with 3Binfra, an Austrian rail asset management system specialist. Kapsch has been named as distributor and integrator of 3Binfra's INFRALIFE system as a result of this collaboration. INFRALIFE is a railway asset management system that includes master data management, condition monitoring, and maintenance operations.

In August 2020, Hitachi Rail Ltd., an Italy-based company that offers fully integrated, rail solutions across rolling stock, signaling, operation, service & maintenance, digital technology, and turnkey acquired Perpetuum for an undisclosed amount. With the acquisition of Perpetuum, Hitachi Rail Ltd. plans to accelerate the UK digitalization strategy through advancing and digitalizing its global train maintenance program. Perpetuum is a UK-based company that uses digital technology to optimize railway operations, improving safety, efficiency, and service quality.

Major players in the rail asset management market are Siemens, Hitachi, Wabtec, DXC Technology, L&T Technology Services, SAP, Capgemini, Cisco, Accenture, Atkins, Trimble Inc., WSP, Tego, KONUX, Oxplus, Bentley Systems, Trapeze Group, Uptake, Huawei, Cyient, Assetic, Machines With Vision, ZEDAS, SNC-Lavalin and Bombardier.

Europe was the largest region in the rail asset management market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rail asset market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the rail asset management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The global rail asset management market is segmented -

1) By Solution: Asset Performance Management, Analytics, Asset Planning and Scheduling, Security, Workforce Management, Others

2) By Service: Professional Services, Managed Services

3) By Deployment Mode: Cloud, On-Premises

4) By Application: Rolling Stock, Infrastructure

    Table Of Contents

    1. Executive Summary

    2. Rail Asset Management Market Characteristics

    3. Rail Asset Management Market Trends And Strategies

    4. Impact Of COVID-19 On Rail Asset Management

    5. Rail Asset Management Market Size And Growth

    5.1. Global Rail Asset Management Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Rail Asset Management Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Rail Asset Management Market Segmentation

    6.1. Global Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Asset Performance Management

    Analytics

    Asset Planning & Scheduling

    Security

    Workforce Management

    Others

    6.2. Global Rail Asset Management Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Professional Services

    Managed Services

    6.3. Global Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Cloud

    On-premises

    6.4. Global Rail Asset Management Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Rolling Stock

    Infrastructure

    7. Rail Asset Management Market Regional And Country Analysis

    7.1. Global Rail Asset Management Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Rail Asset Management Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Rail Asset Management Market  

    8.1. Asia-Pacific Rail Asset Management Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8.3. Asia-Pacific Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Rail Asset Management Market  

    9.1. China Rail Asset Management Market Overview  

    9.2. China Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    9.3. China Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Rail Asset Management Market  

    10.1. India Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    10.2. India Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Rail Asset Management Market  

    11.1. Japan Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11.2. Japan Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Rail Asset Management Market  

    12.1. Australia Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12.2. Australia Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Rail Asset Management Market  

    13.1. Indonesia Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13.2. Indonesia Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Rail Asset Management Market  

    14.1. South Korea Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14.2. South Korea Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Rail Asset Management Market  

    15.1. Western Europe Rail Asset Management Market Overview

    15.2. Western Europe Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15.3. Western Europe Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Rail Asset Management Market  

    16.1. UK Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16.2. UK Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Rail Asset Management Market  

    17.1. Germany Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17.2. Germany Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Rail Asset Management Market  

    18.4. France Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18.5. France Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Rail Asset Management Market  

    19.1. Eastern Europe Rail Asset Management Market Overview

    19.2. Eastern Europe Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19.3. Eastern Europe Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Rail Asset Management Market  

    20.1. Russia Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20.2. Russia Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Rail Asset Management Market  

    21.1. North America Rail Asset Management Market Overview

    21.2. North America Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21.3. North America Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Rail Asset Management Market  

    22.1. USA Rail Asset Management Market Overview

    22.2. USA Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22.3. USA Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Rail Asset Management Market  

    23.1. South America Rail Asset Management Market Overview

    23.2. South America Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23.3. South America Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Rail Asset Management Market  

    24.1. Brazil Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24.2. Brazil Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Rail Asset Management Market  

    25.1. Middle East Rail Asset Management Market Overview

    25.2. Middle East Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25.3. Middle East Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Rail Asset Management Market  

    26.1. Africa Rail Asset Management Market Overview

    26.2. Africa Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26.3. Africa Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Rail Asset Management Market Competitive Landscape And Company Profiles

    27.1. Rail Asset Management Market Competitive Landscape

    27.2. Rail Asset Management Market Company Profiles

    27.2.1. Siemens

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Hitachi

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Wabtec

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. DXC Technology

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. L&T Technology Services

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Rail Asset Management Market

    29. Rail Asset Management Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Rail Asset Management Market, Segmentation By Services, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Rail Asset Management Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Rail Asset Management Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Global Rail Asset Management Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Asia-Pacific, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: Asia-Pacific, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: China, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: China, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: India, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: India, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Japan, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: Japan, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Australia, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: Australia, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Indonesia, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Indonesia, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: South Korea, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: South Korea, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: Western Europe, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Western Europe, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: UK, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: UK, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Germany, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 28: Germany, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 29: France, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 30: France, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 31: Eastern Europe, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 32: Eastern Europe, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 33: Russia, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 34: Russia, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 35: North America, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 36: North America, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 37: USA, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 38: USA, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 39: South America, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 40: South America, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 41: Brazil, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 42: Brazil, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 43: Middle East, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 44: Middle East, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 45: Africa, Rail Asset Management Market, Segmentation By Solution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 46: Africa, Rail Asset Management Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 47: Siemens Financial Performance
  • Table 48: Hitachi Financial Performance
  • Table 49: Wabtec Financial Performance
  • Table 50: DXC Technology Financial Performance
  • Table 51: L&T Technology Services Financial Performance

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