Product Code: ETC048019 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia Railway Equipment Market is expected to grow at a CAGR of 7.4% during the forecast period (2020-2026). The market growth is mainly attributed to the growing need for efficient freight and passenger transport systems in Saudi Arabia, along with robust government initiatives towards the development of railway infrastructure. The country has been investing heavily on developing its railway infrastructure and network expansion projects over recent years, which includes both passenger and freight rail networks. Moreover, major investments from international investors have resulted in the establishment of numerous companies that are focused on providing equipment related services for railways in Saudi Arabia.
Growing Government Initiatives towards Developing Railway Infrastructure: The government of Saudi Arabia has been investing heavily on developing its railway infrastructure since 2017 with various projects such as Riyadh Metro Project, Makkah Monorail Project, Haramain High-Speed Rail project etc., which are expected to drive substantial opportunities for regional players in terms of providing railway equipment solutions across diverse sectors such as rolling stock & locomotives, trackwork & signaling technology, electrification systems amongst others. Increase In Demand For Efficient Freight And Passenger Transport Systems: With rapid urbanization and rising population levels in Saudi Arabia coupled with increase demand for transportation needs; it has become essential to develop reliable public transport solutions such as light rails or metro systems to meet this surge in demand adequately without compromising safety requirements. This further creates an opportunity wherein more number of companies will enter into this space offering their products & services thereby creating a positive outlook towards overall market growth over coming years.
Lack Of Skilled Professionals To Operate Modern Technology Installations: Despite extensive investments done by governments globally including those for rail construction activities; lack of highly skilled professionals capable enough to operate modern day technology installations may pose as challenge thus hindering potential growth prospects within global industry landscape pertaining mainly due to insufficient training facilities available currently across many countries including Middle Eastern nations like Saudi Arabia.
However, declining oil prices due to Covid-19 pandemic may hamper the investment opportunities offered by Saudi Arabia in various sectors including railway industry and create challenges for its economic plans which could adversely impact its overall economy. In addition, lack of skilled labor and stringent regulations pertaining to environmental issues should also be taken into account while estimating overall potentials of this market.
The key players operating in this country include Alstom SA (France), ABB Ltd (Switzerland), Siemens AG (Germany), Talgo S.A.(Spain), Bombardier Inc(Canada) Hitachi Ltd(Japan).
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Railway Equipment Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Railway Equipment Market Revenues & Volume, 2020 & 2030F |
3.3 Saudi Arabia Railway Equipment Market - Industry Life Cycle |
3.4 Saudi Arabia Railway Equipment Market - Porter's Five Forces |
3.5 Saudi Arabia Railway Equipment Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 Saudi Arabia Railway Equipment Market Revenues & Volume Share, By Applications, 2020 & 2030F |
4 Saudi Arabia Railway Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Railway Equipment Market Trends |
6 Saudi Arabia Railway Equipment Market, By Types |
6.1 Saudi Arabia Railway Equipment Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Railway Equipment Market Revenues & Volume, By Product Type, 2020-2030F |
6.1.3 Saudi Arabia Railway Equipment Market Revenues & Volume, By Rolling Stock, 2020-2030F |
6.1.4 Saudi Arabia Railway Equipment Market Revenues & Volume, By Railway Infrastructure, 2020-2030F |
6.1.5 Saudi Arabia Railway Equipment Market Revenues & Volume, By Others, 2020-2030F |
6.2 Saudi Arabia Railway Equipment Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Railway Equipment Market Revenues & Volume, By Locomotives, 2020-2030F |
6.2.3 Saudi Arabia Railway Equipment Market Revenues & Volume, By DMUs, 2020-2030F |
6.2.4 Saudi Arabia Railway Equipment Market Revenues & Volume, By EMUs, 2020-2030F |
6.2.5 Saudi Arabia Railway Equipment Market Revenues & Volume, By Freight Vehicles, 2020-2030F |
6.2.6 Saudi Arabia Railway Equipment Market Revenues & Volume, By Others, 2020-2030F |
7 Saudi Arabia Railway Equipment Market Import-Export Trade Statistics |
7.1 Saudi Arabia Railway Equipment Market Export to Major Countries |
7.2 Saudi Arabia Railway Equipment Market Imports from Major Countries |
8 Saudi Arabia Railway Equipment Market Key Performance Indicators |
9 Saudi Arabia Railway Equipment Market - Opportunity Assessment |
9.1 Saudi Arabia Railway Equipment Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 Saudi Arabia Railway Equipment Market Opportunity Assessment, By Applications, 2020 & 2030F |
10 Saudi Arabia Railway Equipment Market - Competitive Landscape |
10.1 Saudi Arabia Railway Equipment Market Revenue Share, By Companies, 2023 |
10.2 Saudi Arabia Railway Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |