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In 2022, the market for rail infrastructure in North America was estimated to be worth USD 114.36 billion. A CAGR of 6.52% is expected to be achieved by the market as it increases from USD 119.45 billion in 2023 to USD 162.75 billion in 2030. The global COVID-19 pandemic has been unexpected and shocking, and demand for North American rail infrastructure has been lower than expected compared to pre-pandemic levels. According to our research, the market for rail infrastructure in North America will experience a loss of -15.3% in 2020 compared to 2019.
The foundation of the rail transportation system is rail infrastructure. It creates a link between cities, railway stations, and ports. Freight, cargo, and handling are only a few of the economic activities that employ railway systems. Since the rail system is less expensive than other forms of transportation, it becomes a necessary component of many enterprises. Additionally, it is anticipated that growing globalisation will increase demand for transportation, spurring market expansion in the area. Additionally, due to worries about the environment on a worldwide scale, such as global warming, important actors are investing in the research and development of green transportation in a variety of areas, including mass rapid transit (MRT), electric trains, and others.
DRIVING FACTORS
High-speed Rail (HSR) is a significant component of the metropolitan rail network in North America. By enhancing connectivity, HSR fosters socioeconomic dynamics and the fundamental elements of economic growth. Accessibility has improved as a result of the significant changes in rail infrastructure development. They altered how labour, capital, transportation, raw materials, and other resources were distributed across diverse geographic areas.
The market for railway infrastructure is also driven by the rise in R&D spending for the implementation of artificial intelligence (AI) and big data in railway signalling. Additionally, it was discovered during the examination of trains that the primary cause of breakdowns or damage from train collisions was track clearance error. The rail signalling system has been considerably altered as a result of these accidents to decrease track clearance mistakes or delays. Furthermore, the use of AI has helped to cut down on train signalling delays, which in turn has helped to speed up train arrival and departure times.
RESTRAINING FACTORS
The market for railway infrastructure is only one of the industries where inflation is being felt. Rising labour costs, rising raw material costs, and other issues impede market expansion in different locations. In addition, steel prices have been rising steadily from March 2020, going from USD 500 to USD 800, and by July 2021, they had doubled to USD 1,800.
The entire rail infrastructure market is predicted to experience a decline in the upcoming years as a result of such a spike in raw material prices. Additionally, there are inflationary pressures on labour and other essential building supplies like cement. Along with logistical difficulties and rising fuel prices, this factor is predicted to decrease raw material availability and increase global material prices. Additionally, the COVID-19 pandemic has had a detrimental influence on the worldwide construction industry due to supply chain disruptions and lockdowns in numerous countries, which have caused delays in government projects involving North American railway infrastructure.
Report Coverage
Global Rail Infrastructure research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Rail Infrastructure report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Rail Infrastructure competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Rail Infrastructure market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Rail Infrastructure market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Rail Infrastructure market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
CSX (U.S.), Norfolk Southern (NS) (U.S.), Burlington Northern and Santa Fe (BNSF) (U.S.), Union Pacific (UP) (U.S.), Canadian Pacific (CP) (Canada), Canadian National Railway (CN) (Canada), Kansas City Southern (KCS) (U.S.), Via Rail Canada (Canada)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Rail Infrastructure market based on the below-mentioned segments:
Global Rail Infrastructure Market, By Service Provider
Railway Fleet Operator
Infrastructure Manager
Global Rail Infrastructure market, By Railway Fleet Operator
Rapid Transit Railway
Passenger Railway
Freight Railway
Global Rail Infrastructure Market, By Infrastructure Manager
Rail Network & Signaling
New Track Investment
Maintenance Investment
Global Rail Infrastructure market, Regional Analysis
The foundation of the rail transportation system is rail infrastructure. It creates a link between cities, railway stations, and ports. Freight, cargo, and handling are only a few of the economic activities that employ railway systems. Since the rail system is less expensive than other forms of transportation, it becomes a necessary component of many enterprises. Additionally, it is anticipated that growing globalisation will increase demand for transportation, spurring market expansion in the area. Additionally, due to worries about the environment on a worldwide scale, such as global warming, important actors are investing in the research and development of green transportation in a variety of areas, including mass rapid transit (MRT), electric trains, and others.
DRIVING FACTORS
High-speed Rail (HSR) is a significant component of the metropolitan rail network in North America. By enhancing connectivity, HSR fosters socioeconomic dynamics and the fundamental elements of economic growth. Accessibility has improved as a result of the significant changes in rail infrastructure development. They altered how labour, capital, transportation, raw materials, and other resources were distributed across diverse geographic areas.
The market for railway infrastructure is also driven by the rise in R&D spending for the implementation of artificial intelligence (AI) and big data in railway signalling. Additionally, it was discovered during the examination of trains that the primary cause of breakdowns or damage from train collisions was track clearance error. The rail signalling system has been considerably altered as a result of these accidents to decrease track clearance mistakes or delays. Furthermore, the use of AI has helped to cut down on train signalling delays, which in turn has helped to speed up train arrival and departure times.
RESTRAINING FACTORS
The market for railway infrastructure is only one of the industries where inflation is being felt. Rising labour costs, rising raw material costs, and other issues impede market expansion in different locations. In addition, steel prices have been rising steadily from March 2020, going from USD 500 to USD 800, and by July 2021, they had doubled to USD 1,800.
The entire rail infrastructure market is predicted to experience a decline in the upcoming years as a result of such a spike in raw material prices. Additionally, there are inflationary pressures on labour and other essential building supplies like cement. Along with logistical difficulties and rising fuel prices, this factor is predicted to decrease raw material availability and increase global material prices. Additionally, the COVID-19 pandemic has had a detrimental influence on the worldwide construction industry due to supply chain disruptions and lockdowns in numerous countries, which have caused delays in government projects involving North American railway infrastructure.
Report Coverage
Global Rail Infrastructure research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Rail Infrastructure report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Rail Infrastructure competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Rail Infrastructure market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | CSX (U.S.), Norfolk Southern (NS) (U.S.), Burlington Northern and Santa Fe (BNSF) (U.S.), Union Pacific (UP) (U.S.), Canadian Pacific (CP) (Canada), Canadian National Railway (CN) (Canada), Kansas City Southern (KCS) (U.S.), Via Rail Canada (Canada) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Rail Infrastructure Market from 2021 to 2030.
- Market Forecast for Rail Infrastructure Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Rail Infrastructure competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Rail Infrastructure
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Rail Infrastructure market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Rail Infrastructure market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
CSX (U.S.), Norfolk Southern (NS) (U.S.), Burlington Northern and Santa Fe (BNSF) (U.S.), Union Pacific (UP) (U.S.), Canadian Pacific (CP) (Canada), Canadian National Railway (CN) (Canada), Kansas City Southern (KCS) (U.S.), Via Rail Canada (Canada)
Primary Target Market
- Market Players of Rail Infrastructure
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Rail Infrastructure market based on the below-mentioned segments:
Global Rail Infrastructure Market, By Service Provider
Railway Fleet Operator
Infrastructure Manager
Global Rail Infrastructure market, By Railway Fleet Operator
Rapid Transit Railway
Passenger Railway
Freight Railway
Global Rail Infrastructure Market, By Infrastructure Manager
Rail Network & Signaling
New Track Investment
Maintenance Investment
Global Rail Infrastructure market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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