Global Rail Track Components Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product;
Rail Sleepers, Rail Fasteners, and Rail Fishplates.By Component;
Bogie, Engine, and Others.By Application;
High Speed Lines, and Subway.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Rail Track Components (USD Million), 2021 - 2031
In the year 2024, the Global Rail Track Components Market was valued at USD 139,735.79 million. The size of this market is expected to increase to USD 243,390.14 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.3%.
The global rail track components market serves as a vital foundation for the efficient and safe operation of railway systems worldwide. Consisting of various elements such as rails, sleepers, fasteners, and ballasts, these components form the essential infrastructure upon which trains travel, facilitating the movement of passengers and goods across vast distances. As railways continue to play a crucial role in transportation networks, the demand for high-quality, durable track components remains steady, driving growth and innovation within the global market.
At the heart of the global rail track components market lies a commitment to safety, reliability, and efficiency. Railways are known for their reliability and ability to transport large volumes of cargo and passengers with minimal environmental impact. As such, the components that make up rail tracks must meet stringent quality standards to ensure smooth, uninterrupted operation and prevent accidents or derailments. Manufacturers in this sector prioritize the design, engineering, and manufacturing processes of track components to withstand heavy loads, extreme weather conditions, and constant wear and tear over time.
The global rail track components market operates within a dynamic landscape shaped by technological advancements, regulatory requirements, and market dynamics. The rise of high-speed rail networks, urbanization trends, and infrastructure development projects create opportunities for manufacturers to supply innovative track components that meet the evolving needs of railway operators and passengers. Additionally, sustainability considerations, such as energy efficiency, emissions reduction, and material recycling, drive investments in eco-friendly track components that promote environmental stewardship and resource conservation.
The global rail track components market encompasses a wide range of stakeholders, including railway operators, government agencies, infrastructure developers, and equipment manufacturers. Collaboration and partnerships among these stakeholders are essential to ensure the seamless integration and interoperability of track components within railway systems, fostering safety, reliability, and efficiency in rail transportation. By leveraging technology, innovation, and best practices from across the industry, stakeholders in the rail track components market can drive continuous improvement, address emerging challenges, and enhance the sustainability and resilience of railway infrastructure worldwide.
In summary, the global rail track components market plays a critical role in supporting the safe, efficient, and sustainable operation of railway systems globally. By prioritizing safety, reliability, and innovation, manufacturers and suppliers in this sector can contribute to the advancement and modernization of rail infrastructure, enabling railways to meet the growing demand for transportation while reducing environmental impact and enhancing the overall passenger experience.
Global Rail Track Components Market Recent Developments
-
In September 2023, the European Rail Infrastructure Managers (EIM) announced a major overhaul of rail track components to meet higher-speed rail requirements, including new ballast and rail materials for smoother, faster services
-
In June 2022, the US Department of Transportation approved funding for upgrading track components in the Northeast Corridor to reduce travel time between major cities
Segment Analysis
The global rail track components market is segmented based on product, component, application, and geography. By product, the market is categorized into rail sleepers, rail fasteners, and rail fishplates. Rail sleepers play a crucial role in maintaining track stability and load distribution, with concrete and composite sleepers gaining traction over traditional wooden ones. Rail fasteners ensure secure attachment of rails to sleepers, with demand driven by advancements in fastening systems that enhance durability and reduce maintenance. Rail fishplates, used to join two rails, continue to evolve with improved materials and designs, ensuring better performance and longevity in rail infrastructure.
By component, the market includes bogies, engines, and other rail track elements essential for efficient train operations. Bogies, which house wheels and axles, are integral to train stability, load distribution, and passenger comfort. The demand for lightweight and high-strength bogie designs is increasing due to efficiency concerns and rising high-speed rail projects. The engine segment benefits from technological advancements in hybrid and electric propulsion systems, which align with global sustainability goals. Other components, including signaling equipment and track monitoring systems, contribute to improved safety and operational efficiency, fostering innovation in rail transportation.
In terms of application, the market is categorized into high-speed lines and subways. High-speed rail networks are expanding globally, driven by the need for faster, more efficient, and environmentally friendly transportation. Governments and private investors are increasingly funding high-speed rail projects, particularly in Asia and Europe, where connectivity and economic integration are priorities. Subways, on the other hand, are essential for urban mobility, with rapid urbanization and growing populations fueling investments in metro rail infrastructure. The demand for advanced track components in subway systems is rising as cities seek to enhance commuter experience through modern, low-maintenance, and noise-reducing rail solutions.
From a geographical perspective, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America are key regions in the global rail track components market. Asia Pacific leads the market due to extensive rail network expansion in countries like China, India, and Japan. Europe follows closely, with substantial investments in high-speed rail and sustainability-driven rail infrastructure projects. North America sees steady growth with ongoing modernization efforts and freight rail developments. The Middle East & Africa witness rising investments in rail projects to improve connectivity, while Latin America focuses on upgrading aging rail infrastructure to support economic growth and logistics efficiency.
Global Rail Track Components Segment Analysis
In this report, the Global Rail Track Components Market has been segmented by Product, Component, Application and Geography.
Global Rail Track Components, Segmentation by Product
The Global Rail Track Components has been segmented by Poduct into Rail sleepers, Rail fasteners and Rail fishplates.
The segmentation of the global rail track components market by product highlights the essential elements that constitute the infrastructure of railway tracks, including rail sleepers, rail fasteners, and rail fishplates. These components play a crucial role in ensuring the stability, durability, and safety of railway tracks, facilitating the smooth and efficient movement of trains across vast distances.
Rail sleepers, also known as ties or crossties, serve as the foundation for railway tracks, providing support and stability for the rails. Typically made from wood, concrete, or composite materials, rail sleepers are positioned horizontally beneath the rails and secured to the ballast layer. Their primary function is to distribute the weight of passing trains evenly across the track structure, preventing deformation, and maintaining track alignment. As such, rail sleepers are critical components of railway infrastructure, requiring durability, resistance to wear and tear, and compatibility with various track configurations.
Rail fasteners are mechanical components used to secure rails to the sleepers, ensuring proper alignment and stability of the track structure. These fasteners come in various designs, including clips, bolts, and spikes, and are typically made from steel or other high-strength materials. Rail fasteners play a vital role in maintaining the integrity of railway tracks under the dynamic loads and vibrations generated by passing trains. They must withstand repeated stress cycles, temperature variations, and environmental conditions while providing secure attachment of rails to sleepers, minimizing track maintenance requirements and ensuring safe and reliable train operations.
Rail fishplates, also known as joint bars or splice bars, are used to connect individual rail sections or rails to form continuous track lengths. Fishplates are typically bolted or welded to the ends of adjacent rails, providing structural integrity and alignment at rail joints. These components are essential for maintaining track continuity, allowing for expansion and contraction of rails due to temperature changes and facilitating seamless passage of trains across track joints. Rail fishplates must be durable, corrosion-resistant, and capable of withstanding the forces exerted on rail joints during train operations, ensuring the safety and reliability of railway tracks.
In summary, rail sleepers, rail fasteners, and rail fishplates constitute the core components of railway tracks, providing essential support, stability, and connectivity for trains to travel safely and efficiently. Manufacturers and suppliers in the global rail track components market focus on designing, engineering, and manufacturing high-quality products that meet stringent industry standards and regulatory requirements, ensuring the integrity and longevity of railway infrastructure worldwide.
Global Rail Track Components, Segmentation by Component
The Global Rail Track Components has been segmented by Component into Bogie, Engine, and Others.
Segmentation of the Global Rail Track Components Market by Component into Bogie, Engine, and Others provides insight into the essential elements that contribute to the functionality, performance, and safety of rail vehicles and infrastructure.
One significant segment within the Global Rail Track Components Market is the Bogie, which serves as the structural foundation and suspension system for rail vehicles. Bogies, also known as trucks or undercarriages, support the weight of rail vehicles, distribute loads evenly across axles, and provide stability and maneuverability during train operations. Bogies consist of wheels, axles, bearings, suspension systems, and braking components, all of which work together to ensure smooth and safe train movements. Manufacturers of bogies prioritize factors such as weight distribution, ride comfort, and dynamic stability to optimize bogie performance and minimize wear and tear on track components. Investments in bogie technology include research and development initiatives, component upgrades, and maintenance programs aimed at enhancing ride quality, reducing noise and vibration, and improving energy efficiency in rail vehicles.
Another key segment is the Engine, which represents the power source and propulsion system for rail vehicles, including locomotives and multiple units. Rail engines encompass diesel engines, electric motors, and hybrid propulsion systems that convert fuel or electrical energy into mechanical power to drive trains along rail tracks. Engines vary in size, power output, and fuel efficiency depending on the type of service, operating conditions, and environmental regulations. Manufacturers of rail engines prioritize factors such as reliability, fuel economy, and emissions control to meet stringent performance standards and regulatory requirements. Investments in engine technology include engine upgrades, emissions reduction technologies, and fuel efficiency initiatives aimed at reducing operating costs, enhancing environmental sustainability, and improving the overall efficiency of rail operations.
Encompasses a variety of components and systems that contribute to the functionality, safety, and comfort of rail vehicles and infrastructure. This category may include braking systems, couplers, doors, HVAC (heating, ventilation, and air conditioning) systems, interiors, and onboard amenities designed to enhance passenger experience and operational efficiency. Manufacturers of rail track components in the "Others" category prioritize factors such as reliability, durability, and compliance with safety standards to ensure the seamless integration and operation of these components within rail vehicles and infrastructure. Investments in other rail track components include technology upgrades, product innovations, and maintenance programs aimed at optimizing component performance, minimizing downtime, and enhancing the overall quality of rail services.
Overall, segmentation of the Global Rail Track Components Market by Component into Bogie, Engine, and Others highlights the critical role of these elements in ensuring the functionality, performance, and safety of rail vehicles and infrastructure. By addressing the unique requirements of each segment, stakeholders can optimize investments, enhance operational efficiency, and ensure the reliability and sustainability of rail transportation systems for passengers and freight operators worldwide.
Global Rail Track Components, Segmentation by Application
The Global Rail Track Components has been segmented by Application into High Speed Lines, and Subway.
The Global Rail Track Components Market has been segmented by application into High-Speed Lines and Subway to address the distinct requirements of modern rail infrastructure. High-speed rail networks demand advanced track components that can withstand higher speeds, reduced friction, and minimal wear while ensuring passenger safety. These components include reinforced rails, specialized fasteners, and high-durability sleepers, all designed to accommodate the increased forces exerted by high-speed trains. The growing investment in high-speed rail infrastructure, particularly in regions like Asia-Pacific and Europe, is driving demand for innovative and resilient track components.
On the other hand, Subway systems require rail track components that prioritize durability, space efficiency, and resistance to environmental conditions such as moisture and corrosion. Given the frequent and heavy loads from daily commuting, subway tracks must incorporate high-strength materials, vibration-dampening fasteners, and low-maintenance solutions. The rising urbanization and increasing reliance on public transportation are fueling demand for subway rail components, especially in metropolitan areas where underground networks play a vital role in easing traffic congestion and reducing carbon emissions.
The segmentation by application highlights the diverse technological and material needs of the rail industry. While high-speed rail track components focus on speed optimization and minimal maintenance over long distances, subway components emphasize reliability, durability, and cost-effectiveness in high-traffic urban settings. As governments and private entities continue investing in railway expansion projects, the demand for specialized rail track components tailored to these applications is expected to grow, shaping the future of global railway infrastructure.
Global Rail Track Components Market, Segmentation by Geography
In this report, the Global Rail Track Components Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Rail Track Components Market Share (%), by Geographical Region, 2024
The Global Rail Track Components Market is intricately segmented by geography to accommodate the diverse regional characteristics and requirements prevalent in different parts of the world. Geographical segmentation acknowledges the varying infrastructure needs, regulatory landscapes, and economic conditions that influence the demand for rail track components across different regions. In North America, for instance, the market is shaped by a mix of established rail networks in countries like the United States and Canada, where ongoing maintenance and modernization projects sustain demand for track components. Moreover, investments in high-speed rail projects, particularly in regions such as California, further stimulate demand for specialized track components to accommodate faster train speeds and heavier loads.
In Europe, the rail track components market benefits from the continent's extensive rail infrastructure, which spans across countries and facilitates the movement of passengers and freight. The region's emphasis on interoperability and standardization drives demand for track components that comply with EU regulations, promoting seamless connectivity and compatibility across national rail networks. Moreover, initiatives like the European Rail Traffic Management System (ERTMS) and cross-border rail projects such as the Rail Baltica corridor stimulate investments in track components to enhance safety, efficiency, and capacity.
Asia Pacific represents a burgeoning market for rail track components, fueled by rapid urbanization, economic growth, and investments in transportation infrastructure. Countries such as China, India, and Japan are at the forefront of rail development, with ambitious plans for expanding and modernizing their rail networks to support urbanization and meet growing transportation demands. High-speed rail projects, urban transit systems, and freight corridors drive demand for track components tailored to the region's specific requirements, such as high-speed turnouts, electrification systems, and noise mitigation measures.
In other regions such as Latin America, Africa, and the Middle East, the rail track components market is characterized by diverse infrastructure development needs and investment priorities. In these regions, rail infrastructure projects often focus on enhancing connectivity, facilitating trade, and promoting economic development. Investments in track components support initiatives such as new rail lines, port connections, and industrial corridors, driving demand for rails, sleepers, ballast, and other essential track components tailored to local conditions and operational requirements.
Overall, geographical segmentation enables stakeholders in the global rail track components market to adapt their strategies, product offerings, and distribution channels to the unique characteristics and demands of each region. By understanding and addressing the specific needs of diverse markets worldwide, manufacturers, suppliers, and service providers can capitalize on emerging opportunities and contribute to the sustainable development of rail infrastructure on a global scale.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Rail Track Components Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Railway Infrastructure Investments
- High-Speed Rail Development
- Urbanization Trends
-
Population Growth -Population growth is a significant factor shaping the opportunities within the global rail track components market. As the world's population continues to expand, particularly in urban areas, the demand for efficient and reliable transportation infrastructure increases. Rail transportation, known for its capacity to move large numbers of people and goods with minimal environmental impact, becomes increasingly important in meeting the mobility needs of growing populations.
In urban centers experiencing rapid population growth, there is a heightened demand for mass transit systems, including metros, light rail, and commuter trains. These rail systems require robust track components to support the heavy traffic volumes and ensure safe and efficient operations. Rail sleepers, fasteners, and fishplates are critical elements in maintaining track stability and alignment, allowing rail networks to accommodate the increasing demand for urban transportation.
Population growth often leads to increased congestion on roads and highways, making rail transportation an attractive alternative for both passengers and freight. Rail freight transportation becomes essential for moving goods between growing urban centers and manufacturing hubs, requiring reliable track components to support the heavy loads and ensure timely deliveries. As e-commerce continues to thrive and supply chains become more complex, the demand for rail freight services is expected to grow, presenting opportunities for suppliers of rail track components.
Population growth drives investments in rail infrastructure expansion and modernization projects. Governments and transportation authorities recognize the need to invest in rail networks to accommodate rising demand, reduce congestion, and promote sustainable transportation solutions. These investments include the construction of new rail lines, the electrification of existing tracks, and the implementation of high-speed rail systems. Such projects require a wide range of track components to build and maintain the rail infrastructure, creating opportunities for manufacturers and suppliers in the rail track components market.
Population growth often correlates with increased urbanization, leading to the development of transit-oriented communities and mixed-use developments centered around rail stations. These developments drive demand for rail infrastructure enhancements, including upgraded track components, improved signaling systems, and enhanced passenger amenities. Manufacturers and suppliers that can provide innovative and sustainable track solutions tailored to the needs of urban environments stand to benefit from the opportunities presented by population growth and urbanization trends.
In summary, population growth is a key driver of demand within the global rail track components market, fueling investments in rail infrastructure expansion, urban transit systems, and freight transportation networks. Manufacturers and suppliers that can anticipate and respond to the evolving needs of growing populations stand to benefit from the opportunities presented by the increasing demand for rail transportation worldwide.
Restraints:
- Maintenance Backlogs
- Budget Constraints
- Material Shortages
-
Environmental Concerns -Environmental concerns play a significant role in shaping the trajectory of the Global Rail Track Components Market, driving innovation and prompting stakeholders to adopt sustainable practices and technologies throughout the rail industry.
One of the primary environmental considerations within the Global Rail Track Components Market is the impact of rail infrastructure on ecosystems and natural habitats. The construction and maintenance of rail tracks, bridges, and embankments can disrupt local ecosystems, fragment wildlife habitats, and contribute to habitat loss and biodiversity decline. To address these concerns, rail operators and infrastructure managers implement environmental impact assessments, habitat restoration programs, and ecological mitigation measures to minimize the environmental footprint of rail projects and mitigate adverse effects on biodiversity. Additionally, the adoption of eco-friendly construction practices, such as using recycled materials, minimizing land disturbance, and incorporating green infrastructure features, helps reduce the ecological footprint of rail infrastructure projects and promote environmental stewardship.
The carbon footprint of rail transportation is a key environmental consideration driving sustainability efforts within the Global Rail Track Components Market. While rail transport is inherently more energy-efficient and environmentally friendly than other modes of transportation, such as road or air travel, it still generates greenhouse gas emissions from energy consumption, locomotive operations, and manufacturing processes. To mitigate the carbon footprint of rail transportation, rail operators and rolling stock manufacturers invest in energy-efficient technologies, alternative fuels, and emission reduction strategies to minimize greenhouse gas emissions and improve the environmental performance of rail operations. Additionally, the electrification of rail networks, the adoption of regenerative braking systems, and the use of renewable energy sources help decarbonize rail transportation and contribute to global efforts to combat climate change.
The management of waste and pollution from rail operations is a pressing environmental concern within the Global Rail Track Components Market. Rail maintenance activities, such as track maintenance, cleaning, and lubrication, can generate waste materials, hazardous substances, and pollutants that pose environmental risks if not managed properly. To address these challenges, rail operators implement waste management programs, pollution prevention measures, and environmental monitoring protocols to minimize the release of contaminants into the environment and ensure compliance with environmental regulations. Additionally, the adoption of eco-friendly lubricants, non-toxic cleaning agents, and environmentally friendly materials helps reduce the environmental impact of rail maintenance activities and promote sustainable rail operations.
Overall, environmental concerns drive ongoing efforts within the Global Rail Track Components Market to minimize the environmental footprint of rail infrastructure and operations, promote sustainability, and preserve natural resources for future generations. By prioritizing environmental stewardship, embracing sustainable practices, and investing in green technologies, stakeholders in the rail industry can achieve a more sustainable and environmentally friendly transportation system that balances economic prosperity with ecological integrity.
Opportunities:
- Infrastructure Development Projects
- High-Speed Rail Expansion
- Maintenance and Replacement Needs
-
Sustainability Initiatives -Sustainability initiatives are increasingly shaping the global rail track components market, reflecting a growing emphasis on environmental responsibility and resource efficiency within the railway industry. Rail transportation is inherently more sustainable than other modes of transportation, emitting fewer greenhouse gases and consuming less energy per passenger or ton of freight transported. However, there is a concerted effort within the industry to further reduce the environmental impact of rail infrastructure through the adoption of sustainable practices and technologies.
One of the key sustainability initiatives driving the rail track components market is the use of eco-friendly materials and manufacturing processes. Manufacturers are exploring alternative materials such as recycled plastics, composite materials, and sustainable timber for rail sleepers, fasteners, and other track components. These materials offer comparable performance to traditional materials while reducing reliance on virgin resources and minimizing environmental footprint. Additionally, manufacturers are implementing energy-efficient production methods and reducing waste generation to minimize their environmental impact throughout the product lifecycle.
Rail infrastructure owners and operators are investing in sustainable track designs and maintenance practices to improve energy efficiency and reduce environmental impact. For example, the use of continuous welded rail (CWR) reduces noise, vibration, and energy consumption compared to jointed rail systems, leading to lower operating costs and environmental emissions. Furthermore, sustainable track maintenance practices, such as predictive maintenance and asset management, help optimize track performance, extend asset lifespan, and minimize disruptions to train operations, thereby enhancing sustainability and resource efficiency.
Another key aspect of sustainability initiatives in the rail track components market is the promotion of renewable energy sources for powering electrified rail networks. Railways are increasingly electrifying their networks to reduce dependence on fossil fuels and lower carbon emissions. Renewable energy sources such as solar, wind, and hydroelectric power are being integrated into rail electrification projects, providing clean and sustainable energy to power trains and track infrastructure. Additionally, regenerative braking systems are being deployed to capture and reuse energy from braking trains, further enhancing the energy efficiency of rail transportation systems.
Sustainability initiatives within the rail track components market extend beyond environmental considerations to encompass social and economic sustainability. Rail projects are increasingly incorporating principles of sustainable development, such as community engagement, job creation, and inclusive growth. Additionally, investments in rail infrastructure contribute to economic development by improving connectivity, facilitating trade, and creating opportunities for local businesses and industries.
In summary, sustainability initiatives are driving innovation and transformation within the global rail track components market, promoting the adoption of eco-friendly materials, energy-efficient technologies, and sustainable practices throughout the rail industry. Manufacturers, infrastructure owners, and operators that embrace sustainability as a core principle can enhance the environmental, social, and economic sustainability of rail transportation systems, positioning the industry for long-term growth and resilience in a rapidly changing world.
Competitive Landscape Analysis
Key players in Global Rail Track Components Market include:
- AGICO GROUP
- Harmer Steel
- Heidelberg Cement
- Kimes Steel & Rail.
- Kawasaki Heavy Industries Ltd
- CRRC Corporation Limited
- Nippon Sharyo Ltd
- Siemens AG
- Progress Rail
- Bombardier Inc
- Hitachi Ltd
- Alstom SA
- Escorts Group
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Component
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Rail Track Components Dynamics
- Drivers, Restraints and Opportunities
- Drivers
-
Railway Infrastructure Investments
-
High-Speed Rail Development
-
Urbanization Trends
-
Population Growth
-
- Restraints
-
Maintenance Backlogs
-
Budget Constraints
-
Material Shortages
-
Environmental Concerns
-
- Opportunities
-
Infrastructure Development Projects
-
High-Speed Rail Expansion
-
Maintenance and Replacement Needs
-
Sustainability Initiatives
-
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Rail Track Components, By Product, 2021 - 2031 (USD Million)
- Rail Sleepers
- Rail Fasteners
- Rail Fishplates
- Global Rail Track Components, By Component, 2021 - 2031 (USD Million)
- Bogie
- Engine
- Others
- Global Rail Track Components, By Application, 2021 - 2031 (USD Million)
- High Speed Lines
- Subway
- Global Rail Track Components, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Rail Track Components, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- AGICO GROUP
- Harmer Steel
- Heidelberg Cement
- Kimes Steel & Rail.
- Kawasaki Heavy Industries Ltd
- CRRC Corporation Limited
- Nippon Sharyo Ltd
- Siemens AG
- Progress Rail
- Bombardier Inc
- Hitachi Ltd
- Alstom SA
- Escorts Group
- Company Profiles
- Analyst Views
- Future Outlook of the Market