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Railway Traction System-Global Market Insights and Sales Trends 2025
Synopsis
Railway traction system can be simply defined as a driving force that causes propulsion of the railway. It consists of all the components that collect the power from its source, condition and convert this power, and use it to propel the locomotive and coaches.
The global Railway Traction System market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Railway Traction System in various end use industries. The expanding demands from the High-speed railways, Metro/ Subway, Trams and Suburban, are propelling Railway Traction System market. Electric Traction Systems, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the AC Electrification System segment is estimated at % CAGR for the next seven-year period.
According to the data of China Association of Metros, by the end of 2022, 55 cities in mainland China have opened urban rail transit and 308 operating lines. The total length of operating lines is 10287.45 km, ranking first in the world and accounting for 26.2% of the total global mileage. 1080.63 km of new operating lines were added in 2022. By the end of 2022, 545 cities in 78 countries and regions will have opened urban rail transit, with more than 41,386.12 km of operational mileage. Compared to 2021, the total mileage of urban rail transit worldwide would increase by 4,531.92 km, an increase of 11.0%, of which 1,293.45 km of subway mileage, 788.11 km of light rail mileage and 2,450.36 km of tram mileage would increase, accounting for 28.5%, 17.4% and 54.1% of the total increase respectively.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Railway Traction System, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Railway Traction System market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Railway Traction System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Railway Traction System sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Railway Traction System covered in this report include ABB, Alstom, CAF Power and Automation., Hitachi, Ltd, Infineon Technologies AG, Ingeteam Power Technology, Medha Servo Drives Private Limited, TOSHIBA CORPORATION and TOYO DENKI SEIZO K.K., etc.
The global Railway Traction System market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Alstom
CAF Power and Automation.
Hitachi, Ltd
Infineon Technologies AG
Ingeteam Power Technology
Medha Servo Drives Private Limited
TOSHIBA CORPORATION
TOYO DENKI SEIZO K.K.
Voith GmbH and Co. KGaA
Global Railway Traction System market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Railway Traction System market, Segment by Type:
Electric Traction Systems
AC Electrification System
DC Electrification System
Composite System
Diesel
Others (Steam, CNG, Battery, etc.)
Global Railway Traction System market, by Application
High-speed railways
Metro/ Subway
Trams
Suburban
Monorail
Freight
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Railway Traction System manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Railway Traction System in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Railway traction system can be simply defined as a driving force that causes propulsion of the railway. It consists of all the components that collect the power from its source, condition and convert this power, and use it to propel the locomotive and coaches.
The global Railway Traction System market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Railway Traction System in various end use industries. The expanding demands from the High-speed railways, Metro/ Subway, Trams and Suburban, are propelling Railway Traction System market. Electric Traction Systems, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the AC Electrification System segment is estimated at % CAGR for the next seven-year period.
According to the data of China Association of Metros, by the end of 2022, 55 cities in mainland China have opened urban rail transit and 308 operating lines. The total length of operating lines is 10287.45 km, ranking first in the world and accounting for 26.2% of the total global mileage. 1080.63 km of new operating lines were added in 2022. By the end of 2022, 545 cities in 78 countries and regions will have opened urban rail transit, with more than 41,386.12 km of operational mileage. Compared to 2021, the total mileage of urban rail transit worldwide would increase by 4,531.92 km, an increase of 11.0%, of which 1,293.45 km of subway mileage, 788.11 km of light rail mileage and 2,450.36 km of tram mileage would increase, accounting for 28.5%, 17.4% and 54.1% of the total increase respectively.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Railway Traction System, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Railway Traction System market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Railway Traction System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Railway Traction System sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Railway Traction System covered in this report include ABB, Alstom, CAF Power and Automation., Hitachi, Ltd, Infineon Technologies AG, Ingeteam Power Technology, Medha Servo Drives Private Limited, TOSHIBA CORPORATION and TOYO DENKI SEIZO K.K., etc.
The global Railway Traction System market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Alstom
CAF Power and Automation.
Hitachi, Ltd
Infineon Technologies AG
Ingeteam Power Technology
Medha Servo Drives Private Limited
TOSHIBA CORPORATION
TOYO DENKI SEIZO K.K.
Voith GmbH and Co. KGaA
Global Railway Traction System market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Railway Traction System market, Segment by Type:
Electric Traction Systems
AC Electrification System
DC Electrification System
Composite System
Diesel
Others (Steam, CNG, Battery, etc.)
Global Railway Traction System market, by Application
High-speed railways
Metro/ Subway
Trams
Suburban
Monorail
Freight
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Railway Traction System manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Railway Traction System in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Railway Traction System Market Overview
1.1 Railway Traction System Product Overview
1.2 Railway Traction System Market Segment by Type
1.2.1 Electric Traction Systems
1.2.2 AC Electrification System
1.2.3 DC Electrification System
1.2.4 Composite System
1.2.5 Diesel
1.2.6 Others (Steam, CNG, Battery, etc.)
1.3 Global Railway Traction System Market Size by Type
1.3.1 Global Railway Traction System Market Size Overview by Type (2018-2029)
1.3.2 Global Railway Traction System Historic Market Size Review by Type (2018-2023)
1.3.3 Global Railway Traction System Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Railway Traction System Sales Breakdown by Type (2018-2023)
1.4.2 Europe Railway Traction System Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Railway Traction System Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Railway Traction System Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Railway Traction System Sales Breakdown by Type (2018-2023)
2 Global Railway Traction System Market Competition by Company
2.1 Global Top Players by Railway Traction System Sales (2018-2023)
2.2 Global Top Players by Railway Traction System Revenue (2018-2023)
2.3 Global Top Players by Railway Traction System Price (2018-2023)
2.4 Global Top Manufacturers Railway Traction System Manufacturing Base Distribution, Sales Area, Product Type
2.5 Railway Traction System Market Competitive Situation and Trends
2.5.1 Railway Traction System Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Railway Traction System Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Railway Traction System as of 2022)
2.7 Date of Key Manufacturers Enter into Railway Traction System Market
2.8 Key Manufacturers Railway Traction System Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Railway Traction System Status and Outlook by Region
3.1 Global Railway Traction System Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Railway Traction System Historic Market Size by Region
3.2.1 Global Railway Traction System Sales in Volume by Region (2018-2023)
3.2.2 Global Railway Traction System Sales in Value by Region (2018-2023)
3.2.3 Global Railway Traction System Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Railway Traction System Forecasted Market Size by Region
3.3.1 Global Railway Traction System Sales in Volume by Region (2024-2029)
3.3.2 Global Railway Traction System Sales in Value by Region (2024-2029)
3.3.3 Global Railway Traction System Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Railway Traction System by Application
4.1 Railway Traction System Market Segment by Application
4.1.1 High-speed railways
4.1.2 Metro/ Subway
4.1.3 Trams
4.1.4 Suburban
4.1.5 Monorail
4.1.6 Freight
4.2 Global Railway Traction System Market Size by Application
4.2.1 Global Railway Traction System Market Size Overview by Application (2018-2029)
4.2.2 Global Railway Traction System Historic Market Size Review by Application (2018-2023)
4.2.3 Global Railway Traction System Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Railway Traction System Sales Breakdown by Application (2018-2023)
4.3.2 Europe Railway Traction System Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Railway Traction System Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Railway Traction System Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Railway Traction System Sales Breakdown by Application (2018-2023)
5 North America Railway Traction System by Country
5.1 North America Railway Traction System Historic Market Size by Country
5.1.1 North America Railway Traction System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Railway Traction System Sales in Volume by Country (2018-2023)
5.1.3 North America Railway Traction System Sales in Value by Country (2018-2023)
5.2 North America Railway Traction System Forecasted Market Size by Country
5.2.1 North America Railway Traction System Sales in Volume by Country (2024-2029)
5.2.2 North America Railway Traction System Sales in Value by Country (2024-2029)
6 Europe Railway Traction System by Country
6.1 Europe Railway Traction System Historic Market Size by Country
6.1.1 Europe Railway Traction System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Railway Traction System Sales in Volume by Country (2018-2023)
6.1.3 Europe Railway Traction System Sales in Value by Country (2018-2023)
6.2 Europe Railway Traction System Forecasted Market Size by Country
6.2.1 Europe Railway Traction System Sales in Volume by Country (2024-2029)
6.2.2 Europe Railway Traction System Sales in Value by Country (2024-2029)
7 Asia-Pacific Railway Traction System by Region
7.1 Asia-Pacific Railway Traction System Historic Market Size by Region
7.1.1 Asia-Pacific Railway Traction System Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Railway Traction System Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Railway Traction System Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Railway Traction System Forecasted Market Size by Region
7.2.1 Asia-Pacific Railway Traction System Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Railway Traction System Sales in Value by Region (2024-2029)
8 Latin America Railway Traction System by Country
8.1 Latin America Railway Traction System Historic Market Size by Country
8.1.1 Latin America Railway Traction System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Railway Traction System Sales in Volume by Country (2018-2023)
8.1.3 Latin America Railway Traction System Sales in Value by Country (2018-2023)
8.2 Latin America Railway Traction System Forecasted Market Size by Country
8.2.1 Latin America Railway Traction System Sales in Volume by Country (2024-2029)
8.2.2 Latin America Railway Traction System Sales in Value by Country (2024-2029)
9 Middle East and Africa Railway Traction System by Country
9.1 Middle East and Africa Railway Traction System Historic Market Size by Country
9.1.1 Middle East and Africa Railway Traction System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Railway Traction System Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Railway Traction System Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Railway Traction System Forecasted Market Size by Country
9.2.1 Middle East and Africa Railway Traction System Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Railway Traction System Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Railway Traction System Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Railway Traction System Products Offered
10.1.5 ABB Recent Development
10.2 Alstom
10.2.1 Alstom Company Information
10.2.2 Alstom Introduction and Business Overview
10.2.3 Alstom Railway Traction System Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Alstom Railway Traction System Products Offered
10.2.5 Alstom Recent Development
10.3 CAF Power and Automation.
10.3.1 CAF Power and Automation. Company Information
10.3.2 CAF Power and Automation. Introduction and Business Overview
10.3.3 CAF Power and Automation. Railway Traction System Sales, Revenue and Gross Margin (2018-2023)
10.3.4 CAF Power and Automation. Railway Traction System Products Offered
10.3.5 CAF Power and Automation. Recent Development
10.4 Hitachi, Ltd
10.4.1 Hitachi, Ltd Company Information
10.4.2 Hitachi, Ltd Introduction and Business Overview
10.4.3 Hitachi, Ltd Railway Traction System Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Hitachi, Ltd Railway Traction System Products Offered
10.4.5 Hitachi, Ltd Recent Development
10.5 Infineon Technologies AG
10.5.1 Infineon Technologies AG Company Information
10.5.2 Infineon Technologies AG Introduction and Business Overview
10.5.3 Infineon Technologies AG Railway Traction System Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Infineon Technologies AG Railway Traction System Products Offered
10.5.5 Infineon Technologies AG Recent Development
10.6 Ingeteam Power Technology
10.6.1 Ingeteam Power Technology Company Information
10.6.2 Ingeteam Power Technology Introduction and Business Overview
10.6.3 Ingeteam Power Technology Railway Traction System Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Ingeteam Power Technology Railway Traction System Products Offered
10.6.5 Ingeteam Power Technology Recent Development
10.7 Medha Servo Drives Private Limited
10.7.1 Medha Servo Drives Private Limited Company Information
10.7.2 Medha Servo Drives Private Limited Introduction and Business Overview
10.7.3 Medha Servo Drives Private Limited Railway Traction System Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Medha Servo Drives Private Limited Railway Traction System Products Offered
10.7.5 Medha Servo Drives Private Limited Recent Development
10.8 TOSHIBA CORPORATION
10.8.1 TOSHIBA CORPORATION Company Information
10.8.2 TOSHIBA CORPORATION Introduction and Business Overview
10.8.3 TOSHIBA CORPORATION Railway Traction System Sales, Revenue and Gross Margin (2018-2023)
10.8.4 TOSHIBA CORPORATION Railway Traction System Products Offered
10.8.5 TOSHIBA CORPORATION Recent Development
10.9 TOYO DENKI SEIZO K.K.
10.9.1 TOYO DENKI SEIZO K.K. Company Information
10.9.2 TOYO DENKI SEIZO K.K. Introduction and Business Overview
10.9.3 TOYO DENKI SEIZO K.K. Railway Traction System Sales, Revenue and Gross Margin (2018-2023)
10.9.4 TOYO DENKI SEIZO K.K. Railway Traction System Products Offered
10.9.5 TOYO DENKI SEIZO K.K. Recent Development
10.10 Voith GmbH and Co. KGaA
10.10.1 Voith GmbH and Co. KGaA Company Information
10.10.2 Voith GmbH and Co. KGaA Introduction and Business Overview
10.10.3 Voith GmbH and Co. KGaA Railway Traction System Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Voith GmbH and Co. KGaA Railway Traction System Products Offered
10.10.5 Voith GmbH and Co. KGaA Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Railway Traction System Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Railway Traction System Industrial Chain Analysis
11.4 Railway Traction System Market Dynamics
11.4.1 Railway Traction System Industry Trends
11.4.2 Railway Traction System Market Drivers
11.4.3 Railway Traction System Market Challenges
11.4.4 Railway Traction System Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Railway Traction System Distributors
12.3 Railway Traction System Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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