Rail Asset Management Market Insights by Emerging Trends, Growth Forecast With Revenue Analysis

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

The global rail asset management market size is expected to grow from USD 9.4 billion in 2020 to USD 12.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period. Asset management is gaining popularity at a fast pace in the railway industry. Rail asset management encompasses all systems, methods, procedures, and tools to improve costs, performance, and manage risks of the complete rail infrastructure lifecycle. Rail asset management is not limited to the maintenance of rail assets, such as locomotives, coaches, and infrastructure. Rail asset management solutions and services help railway companies cover an asset’s entire lifecycle, from its design, construction, and operation to its renewal and disposal, as well as the management of operational costs of each activity. The increasing demand for rail services is straining the existing systems and requiring optimization of the existing passenger and freight schedules to achieve increased throughput on the current rail infrastructure.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Rail Asset Management Market Insights by Emerging Trends, Growth Forecast With Revenue Analysis – Global Forecast to 2025

“By deployment mode, on-premises segment to account for the largest market size during the forecast period”
By deployment mode, the on-premises segment is expected to record at the largest market size during the forecast period. The on-premises deployment mode refers to the installation of software and solutions in the premises of the organization. In this deployment mode, the organization is responsible for maintaining the solution and all its related processes. These solutions are delivered on a one-time license fee and an annual service agreement, which includes a free modification or upgrade and installation of new functionalities. The on-premises deployment of rail asset management solutions requires dedicated infrastructure and servers. It also requires dedicated IT staff for the maintenance and support of the high-end IT infrastructure. Organizations that can afford to manage dedicated servers usually deploy on-premises solutions. The on-premises deployment mode also offers offline data analytics and configuration and provides better control over systems and data.

“By application, rolling stock segment to hold the largest market size during the forecast period”
The rolling stock segment is expected to hold the largest market size. The railway is an asset-intensive industry, and rolling stock is one of the most important asset categories in the railway industry. Efficiently managing rolling stock can save a significant amount of resources for the rail operator. Rolling stocks usually have a long service life, hence keeping a vehicle in operation for such a long period of time can create various servicing challenges, such as securing parts, unplanned maintenance etc. Asset management solutions for rolling stocks can provide better control over asset performance, more efficient use of resources, and more effective risk management. Many rail operators are investing in rolling stock.

“By region, Asia Pacific to grow at the highest CAGR during the forecast period”
The Asia Pacific (APAC) market is projected to grow at the highest CAGR during the forecast period. The APAC region is witnessing high growth due to the increasing adoption of new technologies, the rising investments for digital transformation, and the growing GDP in APAC countries. A majority of potential economies in the region include Australia, Singapore, China, Korea, Hong Kong, and India, which are said to be rapidly investing in the rail technological transformation.

The breakup of the profiles of the primary participants is given below:
• By Company: Tier 1 – 35%, Tier 2 – 39%, and Tier 3 – 26%
• By Designation: C-Level Executives – 40%, Directors– 35%, Others*–25%
• By Region: North America – 38%, Europe – 20%, APAC – 30%, and RoW** – 12%

Research Coverage
The rail asset management market is segmented into offering (solutions and services), deployment mode (cloud and on-premises), application (rolling stock and infrastructure), and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new service and product launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the rail asset management market.

Reasons to Buy the Report
The report would help the market leaders and new entrants in the following ways:
• It comprehensively segments the rail asset management market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions.
• It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities in the market.
• It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes a competitor ecosystem, new product launch, product enahncememt, partnerships, mergers, and acquisitions.

1 INTRODUCTION 26
1.1 INTRODUCTION TO COVID-19 26
1.2 COVID-19 HEALTH ASSESSMENT 26
FIGURE 1 COVID-19: GLOBAL PROPAGATION 26
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES 27
1.3 COVID-19 ECONOMIC ASSESSMENT 28
FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS
FOR SELECT G20 COUNTRIES IN 2020 28
1.3.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT 29
FIGURE 4 FACTORS IMPACTING GLOBAL ECONOMY 29
FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY 30
1.4 OBJECTIVES OF THE STUDY 31
1.5 MARKET DEFINITION 31
1.5.1 INCLUSIONS AND EXCLUSIONS 32
1.6 MARKET SCOPE 32
1.6.1 MARKET SEGMENTATION 32
1.6.2 REGIONS COVERED 33
1.6.3 YEARS CONSIDERED FOR THE STUDY 33
1.7 CURRENCY CONSIDERED 33
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2017–2019 34
1.8 STAKEHOLDERS 34
1.9 SUMMARY OF CHANGES 34

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