Transit And Ground Passenger Transport Global Market Report 2023– By Type (Commuter Rail And Public Bus Services, Taxi And Limousine Services, School And Employee Bus Services, Charter Bus Services, Other Transit And Ground Passenger Transport), By Distance (Long-Distance, Short-Distance), By Destination (Domestic, International) – Market Size, Trends, And Global Forecast 2023-2032

The powertrain and powertrain parts market consist of sales of powertrain and powertrain parts and related services. The powertrain refers to a system that converts power of the engine into vehicle`s movement. The powertrain parts include the engine, transmission, the driveshaft, differentials, and axles among others. The vehicle`s performance and efficiency are defined by its powertrain system and its related parts.

A motor vehicle engine is used to propel a motor vehicle and an arrangement of gears and related components that transfers power from an engine to a driving axle is known as power train. Vehicle engine and engine parts, power train, and power train parts are the three main types of motor vehicle engines, power trains, and parts. The vehicle engine and engine parts refer to the vehicle engine parts that are used in motor vehicles. The various applications include passenger vehicles and commercial vehicles. These are used in the OEM and aftermarket. The global motor vehicle engine, power train & parts market is segmented - 1) By Type: Vehicle Engine And Engine Parts, Power Train And Power Train Parts 2) By Application: Passenger Vehicle, Commercial Vehicle 3) By End Use: OEM, Aftermarket The global motor vehicle engine, power train & parts market size grew from $787.29 billion in 2022 to $865.65 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 motor vehicle engine, power train & parts market is expected to grow to $1217.26 billion in 2027 at a CAGR of 8.9%. The motor vehicle engine, power train and parts market are aided by 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, after a significant decline in the historical period, are further expected to aid the market's 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 the end-user markets, thereby driving the market during the forecast period. Major companies in the motor vehicle engine, power train and parts market include EXOR Group, Robert Bosch GmbH, Aisin Seiki Co Ltd., Toyota Motor Corp, Denso Corp, Schaeffler Technologies AG & Co KG, Continental AG, Gestamp Automoción, Tata Motor Group, and Dana Incorporated. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the motor vehicle engine, power train and parts markets 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 continues to hurt businesses throughout 2020 and into 2021. However, it is expected that the motor vehicle engine, power train and parts 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. Motor vehicle parts manufacturers are using IoT to reduce unscheduled downtimes, thereby increasing operational efficiency. IoT is a system of "connected devices" with the ability to collect and exchange data over a network without any human intervention or assistance. IoT helps motor vehicle parts manufacturers increase their efficiency by providing real-time information about production processes. In addition, IoT can be used by automobile parts manufacturers to obtain wear and tear data that can prevent equipment failures. For instance, German car parts maker Robert Bosch signed an agreement with software company SAP to connect its manufacturing machinery, tools, and vehicles to SAP's back-end software. This IoT technology uses SAP's real-time database HANA to monitor and support the production of automobile parts. The global automotive IoT market is expected to reach 106.32 billion by 2023. According to IDC and SAP, 60 % of global manufacturers use analytics data tracked from IoT-connected devices to analyze their manufacturing processes. Asia-Pacific was the largest region in the motor vehicle engines, power trains, & parts market in 2022. Western Europe was the second largest market in motor vehicle engines, power trains, & parts market. The regions covered in the motor vehicle engine, power train & parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in the motor vehicle engines, power trains, & parts markets 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 motor vehicle engine, power train and parts market consist of sales of engine, transmission, driveshaft, axles, and differential. 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 motor vehicle engine, power train & parts market research report is one of a series of new reports from The Business Research Company that provides motor vehicle engine, power train & parts market statistics, including motor vehicle engine, power train, & parts industry global market size, regional shares, competitors with a motor vehicle engine, power train & parts market share, detailed motor vehicle engine, power train & parts market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle engine, power train, & parts industry. This motor vehicle engine, power train and parts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Autonomous train are trains that have an automatic train protection (ATP) system enabled, which helps the train automatically stop at signals with speed control. The main train types in the autonomous train market are suburban trains, trams, monorails, subways, and long-distance trains. A tram is an electric vehicle that transports people, mainly in cities, along metal tracks. The technologies involved are automatic train control (ATC), communication-based train control (CBC), the European Railway Traffic Management System (TERMS), and positive train control (PTC). The grades of automation involved are GOA1, GOA2, GOA3, and GOA4. The applications involved are passenger trains, freight, and mining. The global autonomous trains market is segmented - 1) By Train Type: Suburban Trains, Tram, Monorail, Subway/Metro, Long Distance Trains 2) By Technology: Automatic Train Control (ATC), Communication-Based Train Control (CBTC), European Railway Traffic Management System (ERTMS), Positive Train Control (PTC) 3) By Grade of Automation: GOA1, GOA2, GOA3, GOA4 4) By Application: Passenger Train, Freight, Mining The global autonomous trains market size will grow from $9.08 billion in 2022 to $9.79 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. 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 market size of the autonomous trains is expected to grow to $13.00 billion in 2027 at a CAGR of 7.4%. The increased need for a safe, efficient, cheap, fast, and reliable mode of transportation is contributing to the growth of the global autonomous train market. Rail is the safest mode of land transport and the most attractive to the customer. It is also one of the fastest modes of transport, which moves on high-speed lines that are expected to average up to 300 km/hour. The distance of 1000 km can easily be reached within 5 to 7 hours. It offers much greater flexibility of time, allowing train frequencies to be better matched to demand at peak and off-peak times. This offers a much better service to potential passengers and drives an increase in passenger numbers. When it comes to fares, intra-modal competition among railway operators and competition among railway suppliers will keep fares affordable even in countries with low per capita income. Increased safety and cheaper fares compared to other transport options drove the autonomous train market. Major players in the autonomous trains market are Alstom S.A., ABB, Bombardier Transportation, CRRC Transportation, Hitachi Ltd., Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Siemens AG, Thales Group, and Ansaldo. High deployment and operational costs, along with increased security concerns, are expected to limit the growth of the autonomous train market. The capital costs of signalling and control equipment are likely to be associated with maintenance costs, operational costs, and large capital investments. On the other hand, the transfer of data between a train's safety-critical systems, in particular, is a potential target for hackers. ATO (Automatic Train Operation), with its interconnectivity with other systems, has an increased threat, making it potentially vulnerable to cyber-attack. As it transfers high resolution, real-time train determination information between the wayside, the train, and the control center, it is essential to ensure this vital data remains secure. LiDAR and artificial intelligence are increasingly being used in autonomous trains to improve the performance of the trains. The LIDAR (Light Detection and Ranging) system measures the speed of moving trains and captures irregularities in the track, evaluating the rail track quality. It uses two pairs of lenses to capture speed signals from both rails individually. The track speed, curvature, and lateral and vertical geometry variations on each side are determined. Artificial Intelligence (AI) is expected to improve the performance of automated metro lines by enabling predictive maintenance, which helps to reduce incidents and assist operators to recover from incidents more quickly. Controlling the control centre with visual and voice interactions during an incident is a time-consuming process. AI also helps to reduce these interactions and allows traffic controllers to focus on the core problem. In February 2020, Alstom, a France-based manufacturing company, acquired Bombardier Inc. for $7.02 billion to $7.50 billion. The acquisition of Bombardier Transportation is a one-time opportunity coming at the right moment for Alstom. It has significantly strengthened its operational and financial profile over the past 4 years to accelerate its strategic roadmap and add to Alstom's complementary commercial and industrial platforms. Bombardier Inc. is a Canada-based train transport company. Western Europe was the largest region in the autonomous trains market in 2022. Asia-Pacific was the second largest region in the global autonomous trains market share. The regions covered in the global autonomous trains market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the autonomous trains market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The autonomous trains market consists of sales of light trains, rapid transit trains, commuter trains, intercity trains, and high speed trains. 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 autonomous train market research report is one of a series of new reports from The Business Research Company that provides autonomous train market statistics, including global market size, regional shares, competitors with an autonomous train market share, detailed autonomous train market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous train industry. This autonomous train 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 torque sensor is a transducer that converts mechanical torque to an electrical signal. There are two types of torque sensors – reaction and rotary. Torque sensors are used in numerous applications in the automotive, motorsports, aerospace, rail, and construction industries. Some of the applications of torque sensors include drag torque measurement, precision mechanics, screwing technology, and testing tools. The main types of torque sensors are reaction and rotary torque sensors. Reaction torque sensors convert a reaction torque measurement into an electrical signal. Rotary sensors are commonly used in automotive engine testing, drive train measurements, electric motor testing, and gearbox testing. By technology, the major types of torque sensors are surface acoustic wave (SAW), optical, and magnetoelastic torque sensors. Major applications of torque sensors include the automotive, industrial, aerospace and defense, and healthcare industries. The global torque sensor market is segmented - 1) By Type: Reaction Torque Sensor, Rotary Torque Sensor 2) By Technology: Strain Gauge, Surface Acoustic Wave (SAW), Optical, Magnetoelastic 3) By Application: Automotive, Industrial, Aerospace and Defense, Healthcare The global torque sensor market size grew from $7.77 billion in 2022 to $9.13 billion in 2023 at a compound annual growth rate (CAGR) of 17.5%. 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 torque sensor is expected to grow to $19.68 billion in 2027 at a CAGR of 21.2%. The increasing adoption of electric vehicles is contributing to the growth of the torque sensor market. Electric automotive manufacturers use torque sensors for measuring drive and braking torque and efficiency. As of 2020, there were 10 million electric vehicles on the roads globally. In 2020, global electric car sales reached about 3 million, with new electric car registrations increasing by 40%. Therefore, the growing demand for electric vehicles is driving the growth of the torque sensor market. Major players in the torque sensor market are ABB Group, Applied Measurements Ltd., Crane Electronics Ltd., FUTEK Advanced Sensor Technology Inc., Honeywell International Inc., Infineon Technologies AG, Kistler Group (Kistler Holding AG), MagCanica Inc., Snap-On Inc. (Norbar Torque Tools), Datum Electronics Limited, HBM GmBH, PCB Piezotronics, Interface Inc., Teledyne Technologies Inc., TE Connectivity, Bota Systems, HITEC Sensor Solutions, KONUX, Mountz, Robotiq, S. Himmelstein & Company, Transense Technologies, and ATI Industrial Automation Inc. Technology advancements are a key trend gaining popularity in the torque sensor market. For example, in September 2021, Sensor Technology Ltd. launched a range of non-contact torque sensors that use surface acoustic wave detection. In January 2020, TE Connectivity, a Swiss manufacturer of sensors, announced a safety torque sensor for human-robot collaborations. In April 2021, Amphenol, a US-based producer of electronic and fibre optic connectors, cables, and sensors, acquired MTS Systems for an undisclosed amount. This acquisition, combined with the strength of the companies’ highly complementary sensor product portfolios, will allow them to offer customers an expanded array of innovative technologies across multiple end markets. MTS Systems is a US-based supplier of test systems and industrial sensors. North America was the largest region in the torque sensor market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global torque sensor market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Torque Sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The torque sensor market consists of sales of reaction sensors, rotary sensors, and other torque sensors. 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 torque sensor market research report is one of a series of new reports from The Business Research Company that provides torque sensor statistics, including torque sensor industry global market size, regional shares, competitors with torque sensor shares, detailed torque sensor segments, market trends and opportunities, and any further data you may need to thrive in the torque sensor industry. This torque sensor research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automotive drivetrain is a mechanical system inside a vehicle that connects the vehicle’s transmission to the drive axles.Theaxles. The automotive drivetrain is used to transfer the rotational power created by the vehicle’s engine to the wheels of the vehicle for movement. The automotive drivetrain market consists of the sales of automotive drivetrains by entities (organizations, sole traders, and partnerships) that are used to transfer the rotational power created by the vehicle’s engine to the wheels of the vehicle for movement. It is a mechanical system inside a vehicle that connects the vehicle’s transmission to the drive axles. The main vehicle types of the automotive drivetrain are passenger cars, light commercial vehicles (LCV), heavy commercial vehicles (HCV), and electric vehicles. Passenger cars and automotive drivetrains are used in passenger cars. Passenger vehicles cannot accommodate more than 9 people, including the drivers, for the purpose of transporting passengers. The different drive types include front-wheel drive, rear-wheel drive, and all-wheel drive and involve various technologies such as central motor, e-axle, and wheel hub module. The several transmission types include manual transmission, automatic transmission, continuous variable transmission, automated manual transmission, and dual-clutch transmission. The global automotive drivetrain market is segmented - 1) By Drive Type: Front-Wheel Drive, Rear-Wheel Drive, All-Wheel Drive 2) By Vehicle Type: Passenger Cars, Light Commercial Vehicle(LCV), Heavy Commercial Vehicle(HCV), Electric Vehicle 3) By Transmission: Manual Transmission, Automatic Transmission, Continuous Variable Transmission, Automated Manual Transmission, Dual-Clutch Transmission 4) By Technology: Central Motor, E-Axle, Wheel Hub Module The global automotive drivetrain market size will grow from $205.73 billion in 2022 to $227.96 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. 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 automotive drivetrain is expected to grow to $317.73 billion in 2027 at a CAGR of 8.7%. The increasing adoption of electric vehicles is expected to propel the growth of the automotive drivetrain market going forward. Electric vehicles are those that are partially or fully powered by electricity. The increasing adoption of electric vehicles helps increase the demand for automotive drivetrains. Electric drivetrains have a single-speed transmission that sends power from the motor to the wheels. For instance, in 2021, according to the International Energy Agency, a Paris-based intergovernmental organization, electric car sales more than doubled to 6.6 million, from 3 million in 2020, representing close to 9% of the global car market. Therefore, the increase in the adoption of electric vehicles will make the demand greater for the growth of the automotive drivetrains. Major players in the automotive drivetrain market are Aisin Seiki Co., BorgWarner Inc., ZF Friedrichshafen AG, Showa Corporation, Schaeffler Group, American Axle and Manufacturing Inc., Magna International Inc., JTEKT Corporation, Axletech International, Continental AG, NIDEC Corporation, and AVL List GmbH. Technological innovation is a key trend gaining popularity in the automotive drivetrain market. Companies operating in the automotive drivetrain market are focusing on new technological innovations to reinforce their position. For instance, in May 2022, Amsted Automotive, a US-based motor vehicle manufacturing company, introduced the Dynamic Controllable Clutch (DCC), an Electro-Mechanical E-axle Disconnect system, which provides seamless all-wheel drive (AWD) and 4WD disconnect and quick, reliable shifts. The Dynamic Controllable Clutch (DCC) technology allows the driveline system to engage and disengage the drive axles while conserving energy and maintaining on-road and off-road capabilities. In February 2022, Cummins Inc., a US-based engine, filtration, and power generation products company, acquired Meritor for $3.7 billion. This acquisition will position Cummins as a leading provider of integrated powertrain solutions across combustion and electric power applications. Meritor is a US-based manufacturer and supplier of drivetrain, mobility, braking, aftermarket, and electric powertrain solutions for commercial vehicles and industrial markets. Asia-Pacific was the largest region in the automotive drivetrain market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global automotive drivetrain market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive drivetrain market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive drivetrain market consists of sales of four-wheel drive.Valuesdrive. 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 automotive drivetrain market research report is one of a series of new reports from The Business Research Company that provides automotive drivetrain market statistics, including automotive drivetrain industry global market size, regional shares, competitors with an automotive drivetrain market share, detailed automotive drivetrain market segments, market trends and opportunities, and any further data you may need to thrive in the automotive drivetrain industry. This automotive drivetrain 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 automotive transmission engineering services outsourcing refer to services that provide outsourced development assistance for cutting-edge powertrain systems. Automotive transmission engineering is an important process in the manufacturing of automobiles and it is done to make sure that the power flow from the engine to the wheels for ensuring the movement of the vehicle. The main service types of automotive transmission engineering services outsourcing are designing, prototyping, testing, system engineering and integration, and simulation. The designing services include expert knowledge and modelling components, concept generation and assessment, and using components that are automatically proportioned. The designing services also include providing a fresh set of driveline components or systems to utilise as a starting point for the final design. The two types of powertrains are conventional and hybrid which support automatic and manual transmission types. The automotive transmission engineering services outsourcing services are applied for commercial automotive, industrial automotive, and passenger automotive. The global automotive transmission engineering services outsourcing market is segmented - 1) By Service Type: Designing, Prototyping, Testing, System Engineering and Integration, Simulation 2) By Powertrain: Conventional, Hybrid 3) By Transmission Type: Automatic, Manual 4) By Application: Commercial Automotive, Indstrial Automotive, Passenger Automotive The global automotive transmission engineering services outsourcing market size will grow from $11.72 billion in 2022 to $12.24 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. 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 automotive transmission engineering services outsourcing market is expected to grow to $14.54 billion in 2027 at a CAGR of 4.4%. The increasing production of vehicles and rising demand for hybrid vehicles will propel the growth of the automotive transmission engineering services outsourcing market during the forecast period. A hybrid automobile has two or more engines, one of which is an electric motor and the other is a traditional engine either petrol or diesel. The benefit of a hybrid car over a gasoline-powered car is leading an increase in automotive vehicles, resulting in the growth of the automotive transmission engineering services outsourcing across the globe. For instance, In 2021, hybrid vehicles accounted for 19.6% of all new passenger cars sold in The EU region. This is increased from the 11.9 % market share that was held in 2020. The environmentally friendly nature of hybrid vehicles has increased the demand for hybrid vehicles and it is driving the automotive transmission engineering services outsourcing market. The technological advancements in automotive transmission are a key trend followed in the automotive transmission engineering services outsourcing market. Adaptation of new technological advancements by companies is resulting in a major growth opportunity in the automotive transmission engineering services outsourcing market. For instance, in June 2021, IAV and the Massachusetts Institute of Technology (MIT) initiated a cooperative research project for alternative propulsion systems in June 2021, analysing and assessing various drive types in heavy-duty vehicles based on hydrogen, electrification, hybridization, and methane combustion. In February 2021, Apollo Future Mobility Group Limited, a China-based mobility technology solution provider acquired Ieenion Automobile AG for an un-disclosed amount. This acquisition will help the Apollo Future Mobility Group Limited to expand its new energy vehicle solutions as well as services and become a leading full-service provider. Ideenion Automobil AG is a Germany-based automotive engineering services outsourcing (ESO) provider. Major players in the automotive transmission engineering services outsourcing market are AVL GmbH, FEV GmbH, IAV GmbH, Ricardo PLC., Intertek Group PLC., Porsche Engineering, Tata Consultancy Services Limited, Magna International Inc., Magneti Marelli S.p.A, Horiba, Ltd., Intertek Group plc, Dr. Ing. h.c. F. Porsche AG., Marelli Holdings Co., Ltd., Bertrandt AG, ALTEN Group, Altran, AISIN SEIKI Co., Ltd., ZF Friedrichshafen AG, Schaeffler Engineering GmbH, Continental AG, Eaton, and Smart Manufacturing Technology Ltd. Asia-Pacific was the largest region in the automotive transmission engineering services outsourcing market share in 2022. The regions covered in the global automotive transmission engineering services outsourcing market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive transmission engineering services outsourcing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The automotive transmission engineering services outsourcing market includes revenues earned by entities by providing services such as backward vertical integration, conglomerate integration, forward vertical integration, horizontal integration. 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 automotive transmission engineering services outsourcing market research report is one of a series of new reports from The Business Research Company that provides automotive transmission engineering services outsourcing market statistics, including automotive transmission engineering services outsourcing industry global market size, regional shares, competitors with an automotive transmission engineering services outsourcing market share, detailed automotive transmission engineering services outsourcing market segments, market trends and opportunities, and any further data you may need to thrive in the automotive transmission engineering services outsourcing industry. This automotive transmission engineering services outsourcing 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.

Rail asset management comprises all systems, procedures and tools 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, and 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 is segmented - 1) By Solution: Asset Performance Management, Analytics, Asset Planning & Scheduling, Security, Workforce Management, Other Solutions 2) By Services: Professional Services, Managed Services 3) By Deployment Mode: Cloud, On-premises 4) By Application: Rolling Stock, Infrastructure The global rail asset management market size will grow from $10.51 billion in 2022 to $11.17 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. 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 the rail asset management is expected to grow to $14.11 billion in 2027 at a CAGR of 6.0%. 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 growth. 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, and ZEDAS, SNC-Lavalin, and Bombardier. 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 May 2022,The Copenhagen Metro, a Denmark-based metro service signed a digital asset management agreement with Hitachi Rail S.p.A, an Italy-based rail solutions provider, the agreement aims to optimize maintenance and investments in rolling stock and infrastructure over 30 years. 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. Europe was the largest region in the rail asset management market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rail asset management (DAM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the 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, USA. The rail asset management market includes revenues earned by entities by providing systems, methods, procedures, and tools to optimize costs, performance, and risks for the complete rail infrastructure life cycle. 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 asset management market research report is one of a series of new reports from The Business Research Company that provides rail asset management market statistics, including rail asset management industry global market size, regional shares, competitors with a rail asset management market share, detailed rail asset management market segments, market trends and opportunities, and any further data you may need to thrive in the rail asset management industry. This rail asset management 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.