Railway Control Stands Market Size, Share, and COVID-19 Impact Analysis, By Train Type (Passenger Trains and Freight Trains), By Application (Mainline Railways, Urban Rail Transit, and High-Speed Rail), and Regional Forecast, 2024-2032

The control stand is an arrangement of subsystems that integrates multiple functional controls of a train in a unified place where a loco pilot uses all the functional controls to manage the train and its accessories effectively. Advanced control stands comprise computer devices, software, human-machine interface, and data networks that are connected securely and seamlessly. The control stand system helps build a communication interface with other train systems, providing a safe interconnection system within the train.

The increasing population globally will fuel the market expansion. With rising population density and urbanization, there is an increase in office goers, leading to heavy congestion in the roadways. Consumers are continuously shifting their commuting means to metros and railways to circumvent this chaos, significantly propelling the railway control stands market. Additionally, nations are investing heavily in developing transportation infrastructure, such as high-speed rail networks and metros, to provide quick and comfortable rides to passengers.

The growing awareness of environmental concerns is a driving factor making consumers shift toward shared transportation. As the overall railway industry is moving more toward electrification and automation, more is the use of control stands system, which helps build safe and secure networking among the train systems, thus increasing the safety of the passengers. The growth in the market for railway control stands has been positively influenced by government initiatives to either introduce rail control solutions as part of their new rapid transit systems or to improve existing systems so that they also comply with these modern solutions.

Impact of COVID-19 on the Railway Control Stands Market

The pandemic introduced a temporary worldwide shutdown in many sectors. This temporary shutdown impacted various industries negatively, leading to revenue decline, loss of product sales, slowed production rate, unemployment, and many other severe impacts. This led to an economic downturn as the majority of the manufacturing facilities were suspended or working at half capacity.

The growth of the railway control stands market is positively correlated with the rising demand for overall railways as a means of transportation. As COVID-19 hit the world in early 2020, all the major economies had multiple setbacks due to lockdowns and supply chain bottlenecks. FY-20 and FY-21 were highly disappointed with the travel and transportation market as people have entirely refrained from leisure travels, and the work-from-home culture has significantly reduced the number of office goers, leading to plummeting demand for railways for commuting.

Industrial activities worldwide took a pause leading to lesser production and lesser shipments of goods globally. Reduced output lowered the need to transport goods, resulting in a deteriorating demand for the railways. The closure of production plants and shortage of workforce due to stricter social distancing norms also affected production. Another issue was regarding the challenges for procurement of raw materials. The supply chain tailback affected the companies to procure sufficient raw materials to meet their production needs, and at the same time, the elevated inflation significantly raised the cost of production.

Key Insights

The report will cover the following key insights:

• Key Industry Developments – Mergers, Acquisitions, and Partnerships


• Porter's Five Forces Analysis


• Technological Developments


• Impact of COVID-19 on the Railway control stands market

Regional Analysis

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Asia Pacific is expected to dominate the railway control stands market over the coming years. Multiple factors that strengthen Asia Pacific’s leadership include the rising populace migrating to the middle-income bracket, urbanization, increasing office goers, presence of rail manufacturers in China and Japan, cheap access to labor, the advent of 5G, and proliferation in technology adoption, among others. Additionally, Asia Pacific's growth is optimistic as Japan, China, and India are investing heavily to expand their railway infrastructure by introducing super-fast rails, bullet trains, and metro for greater convenience for its commuters, resulting in a proliferation in the railway control stands market. Increasing regulations and stricter environmental norms are continuously pushing manufacturers to produce electric and automated rails, which use advanced control system interface to achieve safety and high-tech specification, resulting in a growth of the railway control stand market.

Key Players Covered

The report includes the profiles of key players such as Asea Brown Boveri, General Electric, Hitachi Ltd, Mitsubishi Electric Corporation, Alstom SA, Bombardier Inc., MEN Mikro Elektronik GmbH, Siemens AG, Deuta-Werke GmbH, EKE Group, Strukton Rail, Toshiba Corporation and Thales Group.

Segmentation

Key Industry Developments:

• September 2022 – Indian Railways installed RTIS systems developed by ISRO, enabling the Train Control system to track the speed and location of RTIS-enabled locomotives without any manual intervention.


• May 2022 – With the launch of the Positive Train Control system (PTC), Railcar Telematics, and Dispatching Systems, Hitachi Rail has introduced several innovations in digitalization and automation.