鉄道試験市場規模、シェア、動向、2032年までの世界予測

Railway Testing Market - Global Forecast To 2032

Railway Testing Market by End Use, Superstructure Testing Equipment, Electrification Testing Equipment, Use case, Application, and Region - Global Forecast to 2032

商品番号 : SMB-92011

出版社MarketsandMarkets
出版年月2025年12月
ページ数281
図表数210
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

鉄道試験市場 – 最終用途、上部構造試験装置、電動化試験装置、ユースケース、用途、地域別 – 2032年までの世界予測

鉄道試験市場は、2025年の39億1,000万米ドルから2032年には53億4,000万米ドルへと、年平均成長率4.6%で成長すると予測されています。鉄道試験装置は、鉄道分野における運用効率、安全確保、そしてインフラの長寿命化において、ますます重要な役割を担うようになっています。鉄道車両、信号システム、そして軌道網の複雑化に伴い、高度な計測・診断ソリューションへの需要が高まっています。さらに、データ収集(DAQ)システム、車載センサー、そしてポータブル試験装置により、車軸荷重、軌道形状、ブレーキ性能、推進効率といったパラメータの正確なモニタリングが可能になっています。

調査対象:

本レポートは、鉄道試験市場を、エンドユーザー(鉄道車両試験装置、軌道/インフラ試験装置、その他の試験装置)、上部構造試験装置(レール機械試験装置、電子機器およびDAQ試験装置、分岐器/分岐器試験装置、枕木/枕木、締結具試験装置、軌道測定装置、その他の上部構造試験装置)、電化試験装置(車載電子機器試験装置、電車線試験装置、牽引電力供給・変電所試験装置、鉄道電力供給試験装置)、ユースケース(制御指令、列車制御、運用テレマティクス)、アプリケーション(設計・開発、製造・加工、納入前試験、納入後・保守点検)、地域(アジア太平洋、欧州、北米、その他の地域)の観点から調査対象としています。また、鉄道試験市場エコシステムにおける主要企業の競争環境と企業プロファイルも網羅しています。

レポート購入の主なメリット:

  • 本レポートは、鉄道試験エコシステム全体とそのサブセグメントの収益数値の近似値に関する情報を提供し、市場リーダー/新規参入企業を支援します。
  • 本レポートは、ステークホルダーが競争環境を理解し、ビジネスポジショニングを改善し、適切な市場開拓戦略を策定するための洞察を深めるのに役立ちます。
  • また、本レポートは、ステークホルダーが市場の動向を理解し、主要な市場牽引要因、制約要因、課題、機会に関する情報を提供するのにも役立ちます。

本レポートでは、以下の点について洞察を提供しています。

  • 主要な推進要因(鉄道近代化への世界的な関心、鉄道の安全性と信頼性基準の向上、都市高速地下鉄プロジェクトの拡大、重量輸送および貨物回廊開発による需要の増加)、制約要因(分断された鉄道インフラ、標準化の欠如、試験装置の高コスト)、課題(複雑なステークホルダーエコシステムにより試験装置に対する要件が変化)、機会(新興市場における鉄道インフラの推進とデジタル技術の統合による試験装置需要の増加)の分析
  • 製品開発/イノベーション:鉄道試験市場における今後の技術、研究開発活動、製品投入に関する詳細な洞察
  • 市場開発:収益性の高い市場に関する包括的な情報 – 本レポートでは、様々な地域における鉄道試験市場を分析しています
  • 市場多様化:鉄道試験市場における新製品、未開拓地域、最近の動向、投資に関する包括的な情報
  • 競合評価:鉄道試験市場におけるKnorr-Bremse AG(ドイツ)、ZF Friedrichshafen AG(ドイツ)、Wabtec Corporation(米国)、HORIBA Group(日本)、RENK Group AG(ドイツ)といった主要企業の市場ランキング、成長戦略、サービス提供に関する詳細な評価

Report Description

The railway testing market is projected to grow from USD 3.91 billion in 2025 to USD 5.34 billion by 2032, at a CAGR of 4.6%. Railway testing equipment is becoming increasingly central to operational efficiency, safety assurance, and infrastructure longevity in the rail sector. Growing complexity in rolling stock, signaling systems, and track networks is driving demand for advanced measurement and diagnostic solutions. Additionally, data acquisition (DAQ) systems, on-board sensors, and portable testing devices are enabling precise monitoring of parameters, such as axle loads, track geometry, brake performance, and propulsion efficiency.

鉄道試験市場規模、シェア、動向、2032年までの世界予測
Railway Testing Market – Global Forecast To 2032

Some of the other key drivers of this market include rising safety and reliability standards, the need for predictive maintenance, and pressure to minimize service disruptions. Integration of real-time analytics with testing platforms is allowing operators to identify deviations early, optimize maintenance schedules, and improve lifecycle management of assets.

The railway testing market is witnessing a shift toward automated, high-precision, and modular testing solutions that support post delivery inspection and ongoing operational monitoring, positioning railway testing equipment as a critical enabler of modern rail system performance.

“The railway power supply testing equipment is projected to be the fastest-growing market during the forecast period.”

By electrification testing equipment, the railway power supply testing equipment is projected to be the fastest-growing segment during the forecast period, as railway operators are upgrading traction substations and overhead electrification systems to handle higher power demand from modern trains. These upgrades require tighter verification of power quality, load behaviour, and protection system responses. Networks that are adding high-speed, metro, and heavy haul freight capacity are facing greater pressure to maintain stable voltage and rapid fault isolation, which is driving the use of advanced testing tools that can assess harmonics, transient behaviour, and substation control logic with higher accuracy. This shift is strategic because power supply performance directly affects acceleration capability, punctuality, and system safety. Thus,  operators seek equipment that reduces commissioning time and supports predictive maintenance planning.

Agencies in India and Japan are validating new traction substation configurations on upgraded corridors using high-precision power analysers and simulation-based load testing units, which confirm performance under peak operational demand and ensure that electrical systems can support the expected service intensity.

鉄道試験市場規模、シェア、動向、2032年までの世界予測 - by end use
Railway Testing Market – Global Forecast To 2032 – by end use

“The post-delivery & upkeep inspection segment is projected to be the fastest-growing segment during the forecast period.”

By application, the post-delivery & upkeep inspection segment is projected to be the fastest-growing application segment during the forecast period, because operators are tightening their performance assurance processes as networks expand, train frequencies increase, and system upgrades become more complex. This shift in operating conditions is creating the need for continuous validation of new and in-service assets, since any deviation in track geometry, overhead line parameters, braking performance, or on-board control systems can disrupt service reliability and raise lifecycle costs. As a result, operators are adopting structured inspection cycles supported by automated measurement cars, portable diagnostics, and digital monitoring platforms that provide consistent and repeatable data throughout the asset lifecycle. This is strengthening the role of upkeep inspections as a strategic function rather than a routine compliance activity.

Leading metro systems in Asia are applying dedicated post-delivery acceptance tests for new trainsets and conducting high-frequency upkeep inspections on recently upgraded traction, signalling, and electrification assets, using precise measurement tools that verify operational readiness before deployment and maintain performance standards across intensive daily schedules.

鉄道試験市場規模、シェア、動向、2032年までの世界予測 - 地域
Railway Testing Market – Global Forecast To 2032 – region

“Asia Pacific is projected to be the fastest-growing market during the forecast period.”

Asia Pacific is projected to be the fastest-growing market during the forecast period as national rail programs are expanding their capital expenditure on new corridors, suburban upgrades, and modern rolling stock, which is increasing the requirement for advanced measurement technologies that can manage high volumes of construction and maintenance activity. Additionally, governments are accelerating timelines for high-speed and freight projects, and operators are introducing tighter reliability targets, which is pushing the shift toward automated track geometry systems, overhead line inspection platforms, and on-board diagnostic solutions. The region is also adopting digital condition monitoring tools that reduce manual inspection time and improve asset availability, especially on networks that are adding capacity at a rapid pace.

The Indian Railways has rolled out automated track geometry systems, overhead line monitoring units, and real-time measurement platforms across dedicated freight corridors and semi-high-speed routes. This development is creating consistent demand for suppliers that can support broad network scale testing and monitoring requirements.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.

  • By Company Type: Test Equipment Manufacturers – 40%, Railway Testing Service Providers  – 40%, Track Measurement Equipment Providers & Others – 20%
  • By Designation: Directors – 40%, CXOs – 25%, Others – 35%
  • By Country: North America – 25%, Europe – 25%, Asia Pacific – 40%, and Rest of the World – 10%
鉄道試験市場規模、シェア、動向、2032年までの世界予測 - 対象企業
Railway Testing Market – Global Forecast To 2032 – ecosystem

The railway testing market is dominated by a few globally established players, such as Knorr-Bremse AG (Germany), ZF Friedrichshafen AG (Germany), Wabtec Corporation (US), HORIBA Group (Japan), and RENK Group AG (Germany). These companies manufacture and supply railway testing equipment to various countries globally. These companies have set up R&D infrastructure and offer best-in-class solutions to their customers.

Research Coverage:

The report covers the railway testing market, in terms of end use (Rolling stock test equipment, track/infrastructure test equipment, other test equipment), superstructure testing equipment (Rail mechanical testing equipment, electronics and DAQ testing equipment, switches/turnouts testing equipment, sleepers/crossties, fastenings testing equipment, track measurement equipment, other superstructure testing equipment), electrification testing equipment (On-board electronics test equipment, contact lines test equipment, traction power supply & substation testing equipment, railway power supply testing equipment), use case (control command, train control, operational telematics), application (Design & development, manufacturing & fabrication, pre-delivery testing, post-delivery & upkeep inspection), Region (Asia Pacific, Europe, North America, and Rest of the World). It covers the competitive landscape and company profiles of the major players in the railway testing market ecosystem.

The study includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

  • This report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall railway testing ecosystem and its subsegments.
  • This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies.
  • This report will also help stakeholders understand the market’s pulse and provide information on key market drivers, restraints, challenges, and opportunities.

The report provides insight into the following pointers:

  • Analysis of key drivers (Global focus on rail modernization, improved rail safety and reliability standards, expansion of high speed urban metro projects and growing demand from heavy-haul and freight corridor development), restraints (Fragmented rail infrastructure and lack of standardization and high cost of testing equipment), challenges (Complex stakeholder ecosystem leads to shifting requirements for testing equipment), and opportunities (Emerging markets rail infrastructure push and Integration of digital technologies to increase demand for testing equipment)
  • Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and product launches in the railway testing market
  • Market Development: Comprehensive information about lucrative markets – the report analyses the railway testing market across varied regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the railway testing market.
  • Competitive Assessment: In-depth assessment of market ranking, growth strategies, and service offerings of leading players like Knorr-Bremse AG (Germany), ZF Friedrichshafen AG (Germany), Wabtec Corporation (US), HORIBA Group (Japan), and RENK Group AG (Germany), among others, in the railway testing market

Table of Contents

1               INTRODUCTION              23

1.1           STUDY OBJECTIVES       23

1.2           MARKET DEFINITION   24

1.3           STUDY SCOPE   28

1.3.1        MARKET SEGMENTATION & REGIONAL SCOPE 28

1.3.2        INCLUSIONS & EXCLUSIONS       28

1.4           YEARS CONSIDERED      30

1.5           CURRENCY CONSIDERED            30

1.6           STAKEHOLDERS               31

2               EXECUTIVE SUMMARY  32

2.1           MARKET HIGHLIGHTS AND KEY INSIGHTS          32

2.2           KEY MARKET PARTICIPANTS: MAPPING OF STRATEGIC DEVELOPMENTS              33

2.3           DISRUPTIVE TRENDS IN RAILWAY TESTING MARKET                 34

2.4           HIGH-GROWTH SEGMENTS IN RAILWAY TESTING MARKET               34

2.5           REGIONAL SNAPSHOT: MARKET SIZE, GROWTH RATE, AND FORECAST                35

3               PREMIUM INSIGHTS       37

3.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN RAILWAY TESTING MARKET       37

3.2           RAILWAY TESTING MARKET, BY END USE            38

3.3           RAILWAY TESTING MARKET, BY SUPERSTRUCTURE TESTING EQUIPMENT  38

3.4           RAILWAY TESTING MARKET, BY ELECTRIFICATION TESTING EQUIPMENT  39

3.5           RAILWAY TESTING MARKET, BY USE CASE           39

3.6           RAILWAY TESTING MARKET, BY APPLICATION 40

3.7           RAILWAY TESTING MARKET, BY REGION              40

4               MARKET OVERVIEW       41

4.1           INTRODUCTION              41

4.2           MARKET DYNAMICS       42

4.2.1        DRIVERS               42

4.2.1.1    Global focus on rail modernization    42

4.2.1.2    Need for improved rail safety and reliability standards  44

4.2.1.3    Expansion of high-speed urban metro projects                45

4.2.1.4    Growing demand from heavy-haul and freight corridor development          47

4.2.2        RESTRAINTS      47

4.2.2.1    Fragmented rail infrastructure and lack of standardization                 47

4.2.2.2    High cost of railway testing equipment             48

4.2.3        OPPORTUNITIES              48

4.2.3.1    Emerging markets in railway infrastructure     48

4.2.3.2    Integration of digital technologies     49

4.2.4        CHALLENGES    51

4.2.4.1    Complex stakeholder ecosystem         51

4.3           UNMET NEEDS AND WHITE SPACES       52

4.3.1        LIMITED INTEGRATION ACROSS MULTI-MODAL AND

CROSS-PLATFORM DATA SYSTEMS         52

4.3.2        INADEQUATE LOW-COST AND MODULAR TESTING SOLUTIONS

FOR SECONDARY RAIL LINES     53

4.3.3        LIMITED TESTING INFRASTRUCTURE FOR NEW MATERIALS AND

HYBRID TRACK SYSTEMS             53

4.4           INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES              54

4.5           STRATEGIC MOVES BY KEY PLAYERS IN RAILWAY TESTING MARKET           54

5               INDUSTRY TRENDS         56

5.1           PORTER’S FIVE FORCES ANALYSIS           56

5.1.1        INTRODUCTION              56

5.1.2        THREAT FROM NEW ENTRANTS                56

5.1.3        BARGAINING POWER OF SUPPLIERS       56

5.1.4        BARGAINING POWER OF BUYERS             56

5.1.5        THREAT FROM SUBSTITUTES   56

5.1.6        INTENSITY OF COMPETITIVE RIVALRY 57

5.2           MACROECONOMIC INDICATORS              57

5.2.1        INTRODUCTION              57

5.2.2        GDP TRENDS AND FORECAST   57

5.2.3        TRENDS IN GLOBAL ROLLING STOCK INDUSTRY                 58

5.2.4        TRENDS IN GLOBAL AUTOMOTIVE & TRANSPORTATION INDUSTRY  58

5.3           ECOSYSTEM ANALYSIS  59

5.3.1        RAW MATERIAL & COMPONENT SUPPLIERS       60

5.3.2        RAILWAY EQUIPMENT MANUFACTURERS            60

5.3.3        TECHNOLOGY PROVIDERS         60

5.3.4        INFRASTRUCTURE PROVIDERS 60

5.3.5        MAINTENANCE & SERVICE PROVIDERS 60

5.3.6        REGULATORY & POLICY MAKERS             60

5.3.7        RAILWAY OPERATORS   60

5.4           SUPPLY CHAIN ANALYSIS             62

5.5           VALUE CHAIN ANALYSIS               63

5.5.1        RAW MATERIAL PROVIDERS AND COMPONENT SUPPLIERS          64

5.5.2        ORIGINAL EQUIPMENT MANUFACTURERS          64

5.5.3        OPERATORS AND END USERS    65

5.6           PRICING ANALYSIS          65

5.6.1        AVERAGE SELLING PRICE OF RAILWAY SYSTEMS, BY KEY PLAYER       65

5.6.2       AVERAGE SELLING PRICE TREND OF RAILWAY SYSTEMS, BY TYPE               66

5.6.3        AVERAGE SELLING PRICE TREND, BY REGION   67

5.7           TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS            68

5.8           INVESTMENT & FUNDING SCENARIO     69

5.9           HS CODE              71

5.9.1        IMPORT SCENARIO         71

5.9.2        EXPORT SCENARIO         72

5.10         KEY CONFERENCES & EVENTS, 2025–2026              74

5.11         CASE STUDY ANALYSIS 75

5.11.1      NETWORK RAIL DEPLOYED NEW MEASUREMENT TRAIN EQUIPPED

WITH LASER GEOMETRY SYSTEMS, INERTIAL SENSORS,

AND HIGH-SPEED IMAGING       75

5.11.2      SBB INTRODUCED ULTRASONIC TESTING VEHICLES THAT

SCANNED RAILS FOR INTERNAL FATIGUE CRACKS          75

5.11.3      MTR DEPLOYED GROUND-PENETRATING RADAR ON INSPECTION

VEHICLES TO MAP BALLAST AND SUBGRADE CONDITION                 76

5.12         IMPACT OF 2025 US TARIFF         76

5.12.1      INTRODUCTION              76

5.12.2      KEY TARIFF RATES          76

5.12.3      PRICE IMPACT ANALYSIS             77

5.12.4      IMPACT ON COUNTRY/REGION                77

5.12.4.1  US           77

5.12.4.2  Europe   77

5.12.4.3  Asia Pacific            77

5.12.5      IMPACT ON END-USE INDUSTRIES          77

5.13         MNM INSIGHTS INTO RAILWAY TESTING SERVICE PROVIDERS        77

5.14         MNM INSIGHTS INTO PRIVATE-PUBLIC PARTNERSHIPS FOR RAILWAY TESTING MARKET              80

5.15         MNM INSIGHTS INTO TESTING EQUIPMENT FOR AUTONOMOUS RAILWAYS           80

6               CUSTOMER LANDSCAPE & BUYER BEHAVIOR    81

6.1           DECISION-MAKING PROCESS     81

6.2           BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA             81

6.2.1        KEY STAKEHOLDERS IN BUYING PROCESS           82

6.2.2        BUYING CRITERIA           82

7               REGULATORY LANDSCAPE         85

7.1           REGULATORY LANDSCAPE         85

7.1.1        REGULATORY ANALYSIS, BY KEY COUNTRY/REGION                 85

7.1.1.1    US           85

7.1.1.2    Europe   86

7.1.1.3    India       87

7.1.1.4    South Korea           88

7.1.1.5    China      88

7.1.2        REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  88

8               STRATEGIC DISRUPTION THROUGH TECHNOLOGY, PATENTS, DIGITAL,

AND AI ADOPTION         97

8.1           KEY EMERGING TECHNOLOGIES              97

8.1.1        INTRODUCTION              97

8.1.2        AI-BASED DIAGNOSTICS               97

8.1.3        FIBER OPTIC-BASED TRACK HEALTH MONITORING                 98

8.1.4        DIGITAL TWIN-BASED SIMULATION FOR TRACK AND ROLLING STOCK              99

8.2           COMPLEMENTARY TECHNOLOGIES       100

8.2.1        REGENERATIVE BRAKING IN TRAINS      100

8.2.2        AUTONOMOUS TRAINS                 100

8.2.3        TRI-MODE TRAINS          102

8.2.4        TILTING TRAINS               103

8.3           TECHNOLOGY/PRODUCT ROADMAP    104

8.4           PATENT ANALYSIS          104

8.4.1        INTRODUCTION              104

8.4.1.1    Methodology         104

8.4.1.2    Document type     105

8.4.1.3    Insights  106

8.4.1.4    Legal status of patents         106

8.4.1.5    Jurisdiction analysis              107

8.4.1.6    Top applicants      107

8.5           FUTURE APPLICATIONS               111

8.5.1        ADVANCED AUTOMATED MEASUREMENT TO ENABLE PREDICTIVE

AND HIGH AVAILABILITY RAILWAY OPERATIONS            111

8.6           IMPACT OF AI/GEN AI ON RAILWAY TESTING MARKET                 111

8.6.1        ENHANCEMENT OF DEFECT DETECTION AND PREDICTIVE INSIGHTS 112

8.6.2        ACCELERATION OF FIELD MEASUREMENTS AND REPORTING       112

8.6.3        IMPROVED INTEGRATION WITH DIGITAL ASSET MANAGEMENT PLATFORMS       112

8.6.4        ENHANCEMENT OF AUTONOMOUS AND REMOTE INSPECTION CAPABILITIES        112

8.6.5        REDUCTION OF LIFECYCLE COSTS FOR EQUIPMENT USERS   112

8.6.6        STRENGTHENING OF COMPLIANCE AND QUALITY MANAGEMENT 112

8.6.7        EXPANSION OF REAL-TIME MONITORING AND ALERTS                 112

8.7           SUCCESS STORIES AND REAL-WORLD APPLICATIONS                 113

8.7.1        NEW SOUTH WALES, AUSTRALIA: AUTOMATED TRACK GEOMETRY MONITORING FOR HIGH-DENSITY CORRIDORS                 113

8.7.2        NORTH RHINE-WESTPHALIA, GERMANY: WAYSIDE CONDITION MONITORING FOR WHEEL AND BRAKE HEALTH                 113

9               RAILWAY TESTING MARKET, BY SUPERSTRUCTURE TESTING EQUIPMENT  114

9.1           INTRODUCTION              115

9.2           RAIL MECHANICAL TESTING EQUIPMENT           117

9.2.1        NEED FOR DATA-DRIVEN RAIL TESTING SYSTEMS TO BOOST MARKET               117

9.2.2        RAIL PROFILE MEASUREMENT SYSTEMS               118

9.3           ELECTRONICS & DAQ TESTING EQUIPMENT     119

9.3.1        FOCUS ON CONTINUOUS COMMAND EXCHANGE AND PREDICTABLE EXECUTION OF DRIVING FUNCTIONS TO BOOST MARKET               119

9.3.2        ULTRASONIC FLAW DETECTORS              120

9.3.3        EDDY CURRENT TESTERS            120

9.4           SWITCHES/TURNOUTS TESTING EQUIPMENT MARKET                 121

9.4.1        FOCUS ON EVALUATING PERFORMANCE OF TURNOUTS, FROGS, POINT BLADES, AND CROSSING COMPONENTS TO DRIVE GROWTH        121

9.4.2        GEOMETRY MEASUREMENT TOOLS       122

9.4.3        LASER ALIGNMENT TOOLS         123

9.4.4        SWITCH DIAGNOSTIC SYSTEMS                123

9.5           SLEEPERS/CROSSTIES, FASTENING TESTING EQUIPMENT      124

9.5.1        EMPHASIS ON STRUCTURAL INTEGRITY, LOAD-BEARING CAPACITY, AND FASTENING PERFORMANCE OF SLEEPERS AND THEIR ASSOCIATED RAIL CLIPS TO BOOST MARKET               124

9.5.2        VIBRATION SENSORS     125

9.5.3        TORQUE MEASUREMENT TOOLS             126

9.6           TRACK MEASUREMENT EQUIPMENT     126

9.6.1        NEED FOR ASSESSING GEOMETRY, STIFFNESS, LOAD DISTRIBUTION, AND LONG-TERM STRUCTURAL INTEGRITY OF SLAB TRACK SYSTEMS TO BOOST GROWTH       126

9.6.2        GROUND-PENETRATING RADARS            127

9.6.3        SLAB GEOMETRY MEASUREMENT DEVICES        128

9.7           OTHER SUPERSTRUCTURE TESTING EQUIPMENT                 128

9.7.1        LOAD STRAIN GAUGES 130

9.7.2        WEAR MONITORING SYSTEMS  130

9.8           KEY PRIMARY INSIGHTS                131

10            RAILWAY TESTING MARKET, BY APPLICATION 132

10.1         INTRODUCTION              133

10.2         DESIGN & DEVELOPMENT           134

10.2.1      NEED FOR DEPENDABLE RAILWAY SYSTEM TO BOOST GROWTH             134

10.3         MANUFACTURING & FABRICATION        135

10.3.1      FOCUS ON IMPROVING QUALITY AND CONSISTENCY IN RAILWAY MANUFACTURING TO DRIVE MARKET               135

10.4         PRE-DELIVERY TESTING               137

10.4.1      FOCUS ON COMMISSIONING READINESS AND DELIVERY RELIABILITY IN RAILWAY TESTING TO BOOST GROWTH             137

10.5         POST-DELIVERY & UPKEEP INSPECTION              138

10.5.1      NEED FOR ROBUST MAINTENANCE DIAGNOSTICS TO

REDUCE SERVICE DISRUPTIONS TO DRIVE MARKET       138

10.6         KEY PRIMARY INSIGHTS                139

11            RAILWAY TESTING MARKET, BY ELECTRIFICATION TESTING EQUIPMENT  140

11.1         INTRODUCTION              141

11.2         ON-BOARD ELECTRONICS TEST EQUIPMENT    142

11.2.1      NEED FOR ATP SYSTEM COMPLIANCE TO DRIVE GROWTH             142

11.3         CONTACT LINE TEST EQUIPMENT          144

11.3.1      DEMAND FOR HIGH-SPEED, NON-CONTACT LINES TO BOOST MARKET               144

11.3.2      CONTACT WIRE HEIGHT AND STAGGER MEASURING INSTRUMENTS 145

11.3.3      PANTOGRAPH MONITORING SYSTEMS 145

11.4         TRACTION POWER SUPPLY & SUBSTATION TESTING EQUIPMENT      146

11.4.1      EMPHASIS ON SUBSTATION MODERNIZATION TO PROPEL DEMAND            146

11.4.2      POWER ANALYZERS        147

11.4.3      INSULATION RESISTANCE TESTERS        148

11.4.4      SCADA DIAGNOSTICS   148

11.5         RAILWAY POWER SUPPLY TESTING EQUIPMENT                 149

11.5.1      GROWING ELECTRIFICATION OF RAILWAY INFRASTRUCTURE

TO BOOST DEMAND      149

11.5.2      VOLTAGE MEASUREMENT TOOLS           150

11.5.3      THERMAL CAMERAS       151

11.5.4      CIRCUIT TESTERS            151

11.6         KEY PRIMARY INSIGHTS                152

12            RAILWAY TESTING MARKET, BY END USE            153

12.1         INTRODUCTION              154

12.2         ROLLING STOCK TEST EQUIPMENT       155

12.2.1      DEMAND FOR ADVANCED DIAGNOSTICS TO DRIVE MARKET               155

12.3         TRACK/INFRASTRUCTURE TEST EQUIPMENT   156

12.3.1      NEED FOR ENABLING STABLE AND PREDICTABLE NETWORK

PERFORMANCE TO DRIVE MARKET        156

12.4         OTHER TEST EQUIPMENT           157

12.5         KEY PRIMARY INSIGHTS                159

13            RAILWAY TESTING MARKET, BY USE CASE           160

13.1         INTRODUCTION              161

13.2         CONTROL COMMAND   162

13.2.1      NEED FOR STRONG COMMAND VALIDATION FOR SAFE AND

PREDICTABLE TRAIN OPERATIONS TO DRIVE MARKET                 162

13.3         TRAIN CONTROL              162

13.3.1      TRAIN CONTROL SERVES AS OPERATIONAL BACKBONE OF

MODERN RAILWAY SYSTEMS     162

13.3.2      AUTOMATIC TRAIN PROTECTION           163

13.3.3      AUTOMATIC TRAIN CONTROL  163

13.3.4      AUTOMATIC TRAIN OPERATION              164

13.3.5      CENTRALIZED TRAFFIC CONTROL          164

13.4         OPERATIONAL TELEMATICS      165

13.4.1      FOCUS ON STRENGTHENING REAL-TIME DECISION SUPPORT IN RAIL OPERATIONS TO BOOST MARKET      165

13.4.2      COMMUNICATION-BASED TRAIN CONTROL      165

13.4.3      TRAIN CONTROL & MONITORING SYSTEM          165

13.5         KEY PRIMARY INSIGHTS                166

14            RAILWAY TESTING MARKET, BY REGION              167

14.1         INTRODUCTION              168

14.2         ASIA PACIFIC     169

14.2.1      INDIA    171

14.2.1.1  Need for improving safety standards to drive market     171

14.2.2      JAPAN   172

14.2.2.1  Rising focus on high-speed rail reliability to drive growth                 172

14.2.3      CHINA  172

14.2.3.1  Increasing passenger volume to boost market 172

14.2.4      SOUTH KOREA  173

14.2.4.1  Need for upgrading ageing rail infrastructure to drive market                 173

14.3         EUROPE               173

14.3.1      GERMANY           176

14.3.1.1  Focus on prioritizing digital rail operations across national and regional systems to drive market        176

14.3.2      UK          177

14.3.2.1  Emphasis on improving reliability, safety, and capacity across heavily utilized rail network to drive market    177

14.3.3      FRANCE                177

14.3.3.1  Large-scale public investments to boost growth of railways                 177

14.3.4      ITALY    178

14.3.4.1  Need for modernization of railway lines to drive investments in railway testing market          178

14.3.5      SPAIN    179

14.3.5.1  Need for enhanced regional rail connectivity to boost growth                 179

14.4         NORTH AMERICA             179

14.4.1      US           181

14.4.1.1  Rapid increase in railway enhancement projects to boost growth                 181

14.4.2      CANADA               182

14.4.2.1  Federal programs to support sustained capital allocation for track renewal and signal upgrades               182

14.5         REST OF THE WORLD    182

14.5.1      SAUDI ARABIA  184

14.5.1.1  Demand for accelerated rail network expansion to boost market                 184

14.5.2      UAE        185

14.5.2.1  Need for increasing scale and technical complexity of rail assets to drive market      185

14.5.3      SOUTH AFRICA 185

14.5.3.1  Focus on renewing metropolitan rail network to drive market                 185

15            COMPETITIVE LANDSCAPE         187

15.1         OVERVIEW          187

15.2         KEY PLAYER STRATEGIES/RIGHT TO WIN            187

15.3         MARKET SHARE ANALYSIS, 2025                 188

15.4         REVENUE ANALYSIS OF TOP FIVE PLAYERS         190

15.5         COMPANY VALUATION AND FINANCIAL METRICS                 191

15.5.1      COMPANY VALUATION 191

15.5.2      FINANCIAL METRICS      191

15.6         BRAND/PRODUCT COMPARISON             192

15.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2025                 193

15.7.1      STARS   194

15.7.2      EMERGING LEADERS     194

15.7.3      PERVASIVE PLAYERS      194

15.7.4      PARTICIPANTS 194

15.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2025         196

15.7.5.1  Company footprint               196

15.7.5.2  Region footprint   197

15.7.5.3  End use footprint  197

15.7.5.4  Application footprint            198

15.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2025        198

15.8.1      PROGRESSIVE COMPANIES         199

15.8.2      RESPONSIVE COMPANIES            199

15.8.3      DYNAMIC COMPANIES  199

15.8.4      STARTING BLOCKS         199

15.8.5      COMPETITIVE BENCHMARKING OF STARTUPS/SMES                 201

15.9         COMPETITIVE SCENARIO             201

15.9.1      PRODUCT LAUNCHES   201

15.9.2      DEALS  202

15.9.3      EXPANSIONS     205

15.9.4      OTHER DEVELOPMENTS              206

16            COMPANY PROFILES      207

16.1         INTRODUCTION              207

16.1.1      KNORR-BREMSE AG        207

16.1.1.1  Business overview 207

16.1.1.2  Products offered   208

16.1.1.3  Recent developments           209

16.1.1.3.1                Product launches  209

16.1.1.3.2                Deals      209

16.1.1.3.3                Other developments             210

16.1.1.4  MnM view              210

16.1.1.4.1                Key strengths        210

16.1.1.4.2                Strategic choices   210

16.1.1.4.3                Weaknesses and competitive threats 210

16.1.2      ZF FRIEDRICHSHAFEN AG            211

16.1.2.1  Business overview 211

16.1.2.2  Products offered   212

16.1.2.3  Recent developments           214

16.1.2.3.1                Product launches  214

16.1.2.3.2                Deals      215

16.1.2.4  MnM view              215

16.1.2.4.1                Key strengths        215

16.1.2.4.2                Strategic choices   215

16.1.2.4.3                Weaknesses and competitive threats 215

16.1.3      WABTEC CORPORATION              216

16.1.3.1  Business overview 216

16.1.3.2  Products offered   217

16.1.3.3  Recent developments           218

16.1.3.3.1                Deals      218

16.1.3.3.2                Expansions             220

16.1.3.4  MnM view              220

16.1.3.4.1                Key strengths        220

16.1.3.4.2                Strategic choices   220

16.1.3.4.3                Weaknesses and competitive threats 220

16.1.4      HORIBA GROUP                221

16.1.4.1  Business overview 221

16.1.4.2  Products offered   222

16.1.4.3  MnM view              223

16.1.4.3.1                Key strengths        223

16.1.4.3.2                Strategic choices   223

16.1.4.3.3                Weaknesses and competitive threats 223

16.1.5      RENK GROUP AG.             224

16.1.5.1  Business overview 224

16.1.5.2  Products offered   225

16.1.5.3  Recent developments           225

16.1.5.3.1                Deals      225

16.1.5.3.2                Expansions             226

16.1.5.4  MnM view              226

16.1.5.4.1                Key strengths        226

16.1.5.4.2                Strategic choices   226

16.1.5.4.3                Weaknesses and competitive threats 226

16.1.6      SPECTRIS             227

16.1.6.1  Business overview 227

16.1.6.2  Products offered   228

16.1.6.3  Recent developments           229

16.1.6.3.1                Deals      229

16.1.6.3.2                Other developments             230

16.1.7      WAGO   231

16.1.7.1  Business overview 231

16.1.7.2  Products offered   231

16.1.7.3  Recent developments           232

16.1.7.3.1                Product launches  232

16.1.8      ADOR TECH INC.              234

16.1.8.1  Business overview 234

16.1.8.2  Products offered   235

16.1.9      AMETEK INC.     236

16.1.9.1  Business overview 236

16.1.9.2  Products offered   237

16.1.9.3  Recent developments           237

16.1.9.3.1                Deals      237

16.1.10   KEYSIGHT TECHNOLOGIES        239

16.1.10.1                 Business overview 239

16.1.10.2                 Products offered   240

16.1.10.3                 Recent developments           241

16.1.10.3.1             Product launches  241

16.1.10.3.2             Deals      242

16.1.11   NATIONAL INSTRUMENTS CORP.             243

16.1.11.1                 Business overview 243

16.1.11.2                 Products offered   243

16.1.11.3                 Recent developments           244

16.1.11.3.1             Product launches  244

16.1.12   AKEBONO BRAKE INDUSTRY CO., LTD. 245

16.1.12.1                 Business overview 245

16.1.12.2                 Products offered   246

16.2         OTHER PLAYERS              247

16.2.1      MTS SYSTEMS   247

16.2.2      HEXAGON AB    248

16.2.3      TRIMBLE INC.    249

16.2.4      INTERTEK PLC  250

16.2.5      TÜV SÜD              251

16.2.6      AVL        252

16.2.7      DSPACE                253

16.2.8      RICARDO             254

16.2.9      ROHDE & SCHWARZ       255

16.2.10   ILLINOIS TOOL WORKS INC.       256

16.2.11   ROBERT BOSCH GMBH 257

16.2.12   MB DYNAMICS, INC.       258

16.2.13   PANDROL            259

16.2.14   KINGSINE ELECTRIC AUTOMATION CO., LTD.   260

17            RESEARCH METHODOLOGY       261

17.1         RESEARCH DATA              261

17.1.1      SECONDARY DATA          262

17.1.1.1  List of secondary sources    263

17.1.1.2  Key data from secondary sources       264

17.1.2      PRIMARY DATA 264

17.1.2.1  Primary interviews: Demand and supply sides                265

17.1.2.2  Key industry insights and breakdown of primary interviews                 265

17.1.2.3  List of primary participants 266

17.2         MARKET SIZE ESTIMATION         266

17.2.1      TOP-DOWN APPROACH                268

17.3         DATA TRIANGULATION                269

17.4         FACTOR ANALYSIS          271

17.5         RESEARCH ASSUMPTIONS           271

17.6         RESEARCH LIMITATIONS             272

17.7         RISK ASSESSMENT           272

18            APPENDIX           274

18.1         KEY INSIGHTS FROM INDUSTRY EXPERTS            274

18.2         DISCUSSION GUIDE        274

18.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                277

18.4         CUSTOMIZATION OPTIONS        279

18.4.1      RAILWAY TESTING MARKET, BY TRACK GEOMETRY EQUIPMENT TYPE, AT REGIONAL LEVEL (FOR REGIONS COVERED IN REPORT)  279

18.4.2      RAILWAY TESTING MARKET, BY RAILWAY HARDWARE TEST EQUIPMENT, AT REGIONAL LEVEL (FOR REGIONS COVERED IN REPORT)  279

18.4.3      COMPANY INFORMATION           279

18.5         RELATED REPORTS         279

18.6         AUTHOR DETAILS           280

LIST OF TABLES

TABLE 1                RAILWAY TESTING MARKET DEFINITION, BY END USE              24

TABLE 2                RAILWAY TESTING MARKET DEFINITION, BY SUPERSTRUCTURE TEST EQUIPMENT  25

TABLE 3                RAILWAY TESTING MARKET DEFINITION, BY ELECTRIFICATION TEST EQUIPMENT   26

TABLE 4                RAILWAY TESTING MARKET DEFINITION, BY APPLICATION   26

TABLE 5                RAILWAY TESTING MARKET DEFINITION, BY USE CASE             27

TABLE 6                CURRENCY EXCHANGE RATES, 2020–2025                 30

TABLE 7                ANNOUNCEMENT OF INVESTMENTS IN RAILWAY MODERNIZATION PROJECTS,

BY COUNTRY     43

TABLE 8                STANDARDS FOLLOWED FOR RAILWAY AND TRACK TESTING               44

TABLE 9                RAILWAY TESTING MARKET: IMPACT OF MARKET DYNAMICS       52

TABLE 10              STRATEGIC MOVES BY KEY PLAYERS OPERATING IN RAILWAY

TESTING MARKET ECOSYSTEM 55

TABLE 11              GDP PERCENTAGE CHANGE, BY KEY COUNTRY, 2021–2030              57

TABLE 12              ROLE OF COMPANIES IN MARKET ECOSYSTEM                 61

TABLE 13             AVERAGE SELLING PRICE OF RAILWAY SYSTEMS, BY KEY PLAYER,

2025 (USD MILLION)       65

TABLE 14              AVERAGE SELLING PRICE TREND OF RAILWAY SYSTEMS, BY TYPE,

2023–2025 (USD MILLION)            66

TABLE 15              AVERAGE SELLING PRICE, BY REGION, 2023–2025 (USD MILLION)       67

TABLE 16              LIST OF FUNDING, 2021–2025      70

TABLE 17              IMPORT DATA FOR HS CODE 8604-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD MILLION)            72

TABLE 18              EXPORT DATA FOR HS CODE 8604-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD MILLION)            73

TABLE 19              KEY CONFERENCES & EVENTS, 2025–2026                 74

TABLE 20              RECIPROCAL TARIFF RATES ADJUSTED BY US                 76

TABLE 21              COMPARISON BETWEEN RAILWAY TESTING SERVICE

PROVIDERS ACROSS PARAMETERS          78

TABLE 22              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USE  82

TABLE 23              KEY BUYING CRITERIA FOR RAILWAY TESTING EQUIPMENT, BY END USE            83

TABLE 24              RAIL TRACTION ENGINE (STAGE III A) STANDARDS      86

TABLE 25              RAIL TRACTION ENGINE (STAGE III B) STANDARDS      86

TABLE 26              STANDARDS FOR DESIGN OF EQUIPMENT, SYSTEMS, AND SUBSYSTEMS      87

TABLE 27              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  88

TABLE 28              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  90

TABLE 29              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  92

TABLE 30              REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  96

TABLE 31              AUTONOMOUS TRAIN TECHNOLOGIES AND ASSOCIATED BENEFITS 101

TABLE 32              LEVELS OF AUTONOMY FOR ROLLING STOCK                 102

TABLE 33              NUMBER OF PATENTS, 2015–2025              105

TABLE 34              LIST OF PATENTS IN RAILWAY TESTING MARKET               108

TABLE 35              RAILWAY TESTING MARKET, BY SUPERSTRUCTURE TESTING EQUIPMENT,

2021–2024 (USD MILLION)            116

TABLE 36              RAILWAY TESTING MARKET, BY SUPERSTRUCTURE TESTING EQUIPMENT,

2025–2032 (USD MILLION)            116

TABLE 37              RAIL MECHANICAL TESTING EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            117

TABLE 38              RAIL MECHANICAL TESTING EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            118

TABLE 39              ELECTRONICS & DAQ TESTING EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            119

TABLE 40              ELECTRONICS & DAQ TESTING EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            119

TABLE 41              SWITCHES/TURNOUTS TESTING EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            121

TABLE 42              SWITCHES/TURNOUTS TESTING EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            122

TABLE 43              SLEEPERS/CROSSTIES, FASTENING TESTING EQUIPMENT MARKET, BY REGION, 2021–2024 (USD MILLION)                 124

TABLE 44              SLEEPERS/CROSSTIES, FASTENING TESTING EQUIPMENT MARKET, BY REGION, 2025–2032 (USD MILLION)                 125

TABLE 45              TRACK MEASUREMENT EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            127

TABLE 46              TRACK MEASUREMENT EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            127

TABLE 47              OTHER TESTING EQUIPMENT MARKET, BY REGION, 2021–2024 (USD MILLION)          129

TABLE 48              OTHER TESTING EQUIPMENT MARKET, BY REGION, 2025–2032 (USD MILLION)          129

TABLE 49              RAILWAY TESTING MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            133

TABLE 50              RAILWAY TESTING MARKET, BY APPLICATION, 2025–2032 (USD MILLION)            134

TABLE 51             DESIGN & DEVELOPMENT MARKET, BY REGION, 2021–2024 (USD MILLION)            135

TABLE 52             DESIGN & DEVELOPMENT MARKET, BY REGION, 2025–2032 (USD MILLION)            135

TABLE 53              MANUFACTURING & FABRICATION MARKET, BY REGION,

2021–2024 (USD MILLION)            136

TABLE 54              MANUFACTURING & FABRICATION MARKET, BY REGION,

2025–2032 (USD MILLION)            136

TABLE 55              PRE-DELIVERY TESTING MARKET, BY REGION, 2021–2024 (USD MILLION)            137

TABLE 56              PRE-DELIVERY TESTING MARKET, BY REGION, 2025–2032 (USD MILLION)            137

TABLE 57              POST-DELIVERY & UPKEEP INSPECTION MARKET, BY REGION,

2021–2024 (USD MILLION)            138

TABLE 58              POST-DELIVERY & UPKEEP INSPECTION MARKET, BY REGION,

2025–2032 (USD MILLION)            138

TABLE 59              RAILWAY TESTING MARKET, BY ELECTRIFICATION TESTING EQUIPMENT,

2021–2024 (USD MILLION)            142

TABLE 60              RAILWAY TESTING MARKET, BY ELECTRIFICATION TESTING EQUIPMENT,

2025–2032 (USD MILLION)            142

TABLE 61              ON-BOARD ELECTRONICS TEST EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            143

TABLE 62              ON-BOARD ELECTRONICS TEST EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            143

TABLE 63              CONTACT LINE TEST EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            144

TABLE 64              CONTACT LINE TEST EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            144

TABLE 65              TRACTION POWER SUPPLY & SUBSTATION TESTING EQUIPMENT MARKET,

BY REGION, 2021–2024 (USD MILLION)   146

TABLE 66              TRACTION POWER SUPPLY & SUBSTATION TESTING EQUIPMENT MARKET,

BY REGION, 2025–2032 (USD MILLION)   147

TABLE 67              RAILWAY POWER SUPPLY TESTING EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            149

TABLE 68              RAILWAY POWER SUPPLY TESTING EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            150

TABLE 69              RAILWAY TESTING MARKET, BY END USE, 2021–2024 (USD MILLION)       154

TABLE 70              RAILWAY TESTING MARKET, BY END USE, 2025–2032 (USD MILLION)       155

TABLE 71              ROLLING STOCK TEST EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            156

TABLE 72              ROLLING STOCK TEST EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            156

TABLE 73              TRACK/INFRASTRUCTURE TEST EQUIPMENT, BY REGION,

2021–2024 (USD MILLION)            157

TABLE 74              TRACK/INFRASTRUCTURE TEST EQUIPMENT, BY REGION,

2025–2032 (USD MILLION)            157

TABLE 75              OTHER TEST EQUIPMENT MARKET, BY REGION, 2021–2024 (USD MILLION)            158

TABLE 76              OTHER TEST EQUIPMENT MARKET, BY REGION, 2025–2032 (USD MILLION)            158

TABLE 77              RAILWAY TESTING MARKET, BY USE CASE, 2021–2024 (USD MILLION)       161

TABLE 78              RAILWAY TESTING MARKET, BY USE CASE, 2025–2032 (USD MILLION)       161

TABLE 79              RAILWAY TESTING MARKET, BY REGION, 2021–2024 (USD MILLION)       168

TABLE 80              RAILWAY TESTING MARKET, BY REGION, 2025–2032 (USD MILLION)       169

TABLE 81              ASIA PACIFIC: RAILWAY TESTING MARKET, BY END USE,

2021–2024 (USD MILLION)            171

TABLE 82              ASIA PACIFIC: RAILWAY TESTING MARKET, BY END USE,

2025–2032 (USD MILLION)            171

TABLE 83              EUROPE: RAILWAY TESTING MARKET, BY END USE, 2021–2024 (USD MILLION)  175

TABLE 84              EUROPE: RAILWAY TESTING MARKET, BY END USE, 2025–2032 (USD MILLION)  176

TABLE 85              NORTH AMERICA: RAILWAY TESTING MARKET, BY END USE,

2021–2024 (USD MILLION)            181

TABLE 86              NORTH AMERICA: RAILWAY TESTING MARKET, BY END USE,

2025–2032 (USD MILLION)            181

TABLE 87              REST OF THE WORLD: RAILWAY TESTING MARKET, BY END USE,

2021–2024 (USD MILLION)            184

TABLE 88              REST OF THE WORLD: RAILWAY TESTING MARKET, BY END USE,

2025–2032 (USD MILLION)            184

TABLE 89              KEY PLAYER STRATEGIES/RIGHT TO WIN, 2023–2025        187

TABLE 90              RAILWAY TESTING MARKET: REGION FOOTPRINT       197

TABLE 91              RAILWAY TESTING MARKET: END USE FOOTPRINT       197

TABLE 92              RAILWAY TESTING MARKET: APPLICATION FOOTPRINT       198

TABLE 93              COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES              201

TABLE 94              RAILWAY TESTING MARKET: PRODUCT LAUNCHES,

JANUARY 2022–NOVEMBER 2025                 202

TABLE 95              RAILWAY TESTING MARKET: DEALS, JANUARY 2022–NOVEMBER 2025    203

TABLE 96              RAILWAY TESTING MARKET: EXPANSIONS, JANUARY 2022–NOVEMBER 2025                 205

TABLE 97              RAILWAY TESTING MARKET: OTHER DEVELOPMENTS,

JANUARY 2022–NOVEMBER 2025                 206

TABLE 98              KNORR-BREMSE AG: COMPANY OVERVIEW                 207

TABLE 99              KNORR-BREMSE AG: PRODUCTS OFFERED                 208

TABLE 100            KNORR-BREMSE AG: PRODUCT LAUNCHES                 209

TABLE 101            KNORR-BREMSE AG: DEALS        209

TABLE 102            KNORR-BREMSE AG: OTHER DEVELOPMENTS                 210

TABLE 103            ZF FRIEDRICHSHAFEN AG: COMPANY OVERVIEW          211

TABLE 104            ZF FRIEDRICHSHAFEN AG: PRODUCTS OFFERED             212

TABLE 105            ZF FRIEDRICHSHAFEN AG: PRODUCT LAUNCHES          214

TABLE 106            ZF FRIEDRICHSHAFEN AG: DEALS            215

TABLE 107            WABTEC CORPORATION: COMPANY OVERVIEW                 216

TABLE 108            WABTEC CORPORATION: PRODUCTS OFFERED                 217

TABLE 109            WABTEC CORPORATION: DEALS              218

TABLE 110            WABTEC CORPORATION: EXPANSIONS 220

TABLE 111            HORIBA GROUP: COMPANY OVERVIEW 221

TABLE 112            HORIBA GROUP: PRODUCTS OFFERED 222

TABLE 113            RENK GROUP AG.: COMPANY OVERVIEW                 224

TABLE 114            RENK GROUP AG.: PRODUCTS OFFERED                 225

TABLE 115            RENK GROUP AG.: DEALS             225

TABLE 116            RENK GROUP AG.: EXPANSIONS                226

TABLE 117            SPECTRIS: COMPANY OVERVIEW              227

TABLE 118            SPECTRIS: PRODUCTS OFFERED               228

TABLE 119            SPECTRIS: DEALS             229

TABLE 120            SPECTRIS: OTHER DEVELOPMENTS       230

TABLE 121            WAGO: COMPANY OVERVIEW   231

TABLE 122            WAGO: PRODUCTS OFFERED    231

TABLE 123            WAGO: PRODUCT LAUNCHES    232

TABLE 124            ADOR TECH INC.: COMPANY OVERVIEW                 234

TABLE 125            ADOR TECH INC.: PRODUCTS OFFERED                 235

TABLE 126            AMETEK INC.: COMPANY OVERVIEW      236

TABLE 127            AMETEK INC.: PRODUCTS OFFERED       237

TABLE 128            AMETEK INC.: DEALS     237

TABLE 129            KEYSIGHT TECHNOLOGIES: COMPANY OVERVIEW          239

TABLE 130            KEYSIGHT TECHNOLOGIES: PRODUCTS OFFERED             240

TABLE 131            KEYSIGHT TECHNOLOGIES: PRODUCT LAUNCHES          241

TABLE 132            KEYSIGHT TECHNOLOGIES: DEALS         242

TABLE 133            NATIONAL INSTRUMENTS CORP.: COMPANY OVERVIEW          243

TABLE 134            NATIONAL INSTRUMENTS CORP.: PRODUCTS OFFERED             243

TABLE 135            NATIONAL INSTRUMENTS CORP.: PRODUCT LAUNCHES          244

TABLE 136            AKEBONO BRAKE INDUSTRY CO., LTD.: COMPANY OVERVIEW   245

TABLE 137            AKEBONO BRAKE INDUSTRY CO., LTD.: PRODUCTS OFFERED    246

LIST OF FIGURES

FIGURE 1              RAILWAY TESTING MARKET SCENARIO 32

FIGURE 2              RAILWAY TESTING MARKET, BY END USE, 2025–2032        32

FIGURE 3              MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN RAILWAY

TESTING MARKET, 2020–2025      33

FIGURE 4              DISRUPTIONS INFLUENCING GROWTH OF RAILWAY TESTING MARKET       34

FIGURE 5              HIGH-GROWTH SEGMENTS IN RAILWAY TESTING MARKET, 2025–2032      34

FIGURE 6              ASIA PACIFIC TO REGISTER HIGHEST GROWTH IN RAILWAY TESTING

MARKET, IN TERMS OF VALUE, DURING FORECAST PERIOD                 35

FIGURE 7              NEED FOR INFRASTRUCTURE EXPANSION AND SAFETY MANDATES TO DRIVE DEMAND FOR ADVANCED DIAGNOSTIC SYSTEMS IN RAILWAY TESTING    37

FIGURE 8              TRACK/INFRASTRUCTURE TEST AND GEOMETRY MEASUREMENT EQUIPMENT SEGMENT TO ACHIEVE HIGHEST GROWTH BY 2032     38

FIGURE 9              RAIL MECHANICAL TESTING EQUIPMENT SEGMENT TO LEAD MARKET BY 2032     38

FIGURE 10            RAILWAY POWER SUPPLY TESTING EQUIPMENT SEGMENT

TO ACHIEVE HIGHEST GROWTH BY 2032              39

FIGURE 11            TRAIN CONTROL SEGMENT TO LEAD MARKET BY 2032 39

FIGURE 12            POST-DELIVERY UPKEEP INSPECTION SEGMENT TO LEAD MARKET BY 2032     40

FIGURE 13            EUROPE TO ACCOUNT FOR LARGEST MARKET SHARE IN 2025   40

FIGURE 14            RAILWAY TESTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES          42

FIGURE 15            GLOBAL HIGH SPEED RAILWAY LAYOUT                 46

FIGURE 16            DIGITALIZATION OF RAILWAY SYSTEMS                 50

FIGURE 17            ECOSYSTEM ANALYSIS  59

FIGURE 18            SUPPLY CHAIN ANALYSIS             62

FIGURE 19            VALUE CHAIN ANALYSIS               64

FIGURE 20            AVERAGE SELLING PRICE TREND OF RAILWAY SYSTEMS, BY TYPE,

2023–2025 (USD MILLION)            67

FIGURE 21            AVERAGE SELLING PRICE TREND, BY REGION, 2023–2025 (USD MILLION)            68

FIGURE 22            TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS   68

FIGURE 23            INVESTMENT & FUNDING SCENARIO, 2022–2025 (USD MILLION) 69

FIGURE 24            IMPORT DATA FOR HS CODE 8604-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD MILLION)            71

FIGURE 25            EXPORT DATA FOR HS CODE 8604-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD MILLION)            73

FIGURE 26            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USE  82

FIGURE 27            KEY BUYING CRITERIA FOR RAILWAY TESTING EQUIPMENT, BY END USE            83

FIGURE 28            PROGRESSIVE INTEGRATION OF AI: FUTURE OF RAILWAY MAINTENANCE             97

FIGURE 29            FIBER OPTIC-BASED SENSOR NETWORK FOR STRUCTURAL INTEGRITY            98

FIGURE 30            DIGITAL TWIN TECHNOLOGY FOR AUTOMOTIVE EMISSIONS VALIDATION                99

FIGURE 31            REGENERATIVE BRAKING IN TRAINS      100

FIGURE 32            SPECIFICATIONS OF TRI-MODE BATTERY TRAINS 103

FIGURE 33            NUMBER OF PATENTS, BY DOCUMENT TYPE, 2015–2025              105

FIGURE 34            PATENT PUBLICATION TRENDS IN RAILWAY TESTING MARKET, 2014−2024    106

FIGURE 35            LEGAL STATUS OF PATENTS, 2014–2024 106

FIGURE 36            PERCENTAGE OF PATENTS REGISTERED, BY REGION, 2015–2024           107

FIGURE 37            TOP PATENT APPLICANTS, JANUARY 2015–DECEMBER 2024                107

FIGURE 38            RAIL MECHANICAL TESTING EQUIPMENT SEGMENT TO ACCOUNT

FOR LARGEST MARKET BY 2032 115

FIGURE 39            POST-DELIVERY & UPKEEP INSPECTION SEGMENT TO DOMINATE

MARKET DURING FORECAST PERIOD    133

FIGURE 40            ON-BOARD ELECTRONICS TEST EQUIPMENT SEGMENT TO LEAD MARKET BY 2032     141

FIGURE 41            ROLLING STOCK TEST EQUIPMENT SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 154

FIGURE 42            TRAIN CONTROL SEGMENT TO LEAD MARKET BY 2032 161

FIGURE 43            RAILWAY TESTING MARKET, BY REGION, 2025 VS. 2032 (USD MILLION)                168

FIGURE 44            ASIA PACIFIC: RAILWAY TESTING MARKET SNAPSHOT          170

FIGURE 45            EUROPE: RAILWAY TESTING MARKET SNAPSHOT          175

FIGURE 46            NORTH AMERICA: RAILWAY TESTING MARKET SNAPSHOT          180

FIGURE 47            REST OF THE WORLD: RAILWAY TESTING MARKET SNAPSHOT       183

FIGURE 48            MARKET SHARE ANALYSIS OF KEY RAILWAY TESTING EQUIPMENT MANUFACTURERS, 2025  189

FIGURE 49            REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020–2024 (USD BILLION)             190

FIGURE 50            COMPANY VALUATION, 2025 (USD BILLION)                 191

FIGURE 51            FINANCIAL METRICS, 2025            192

FIGURE 52            BRAND/PRODUCT COMPARISON             193

FIGURE 53            RAILWAY TESTING MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2025         195

FIGURE 54            RAILWAY TESTING MARKET: COMPANY FOOTPRINT       196

FIGURE 55            RAILWAY TESTING MARKET: COMPANY EVALUATION

MATRIX (STARTUPS/SMES), 2025               200

FIGURE 56            KNORR-BREMSE AG: COMPANY SNAPSHOT                 208

FIGURE 57            ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT          212

FIGURE 58            WABTEC CORPORATION: COMPANY SNAPSHOT          217

FIGURE 59            HORIBA GROUP: COMPANY SNAPSHOT                 222

FIGURE 60            RENK GROUP AG.: COMPANY SNAPSHOT                 224

FIGURE 61            SPECTRIS: COMPANY SNAPSHOT             228

FIGURE 62            ADOR TECH INC.: COMPANY SNAPSHOT                 234

FIGURE 63            AMETEK INC.: COMPANY SNAPSHOT     236

FIGURE 64            KEYSIGHT TECHNOLOGIES: COMPANY SNAPSHOT          240

FIGURE 65            AKEBONO BRAKE INDUSTRY CO., LTD.: COMPANY SNAPSHOT   246

FIGURE 66            RESEARCH DESIGN         261

FIGURE 67            RESEARCH DESIGN MODEL         262

FIGURE 68            KEY INDUSTRY INSIGHTS             265

FIGURE 69            BREAKDOWN OF PRIMARY INTERVIEWS                 265

FIGURE 70            RESEARCH METHODOLOGY: HYPOTHESIS BUILDING           267

FIGURE 71            TOP-DOWN APPROACH                268

FIGURE 72            MARKET BREAKDOWN AND DATA TRIANGULATION             269

FIGURE 73            MARKET GROWTH PROJECTIONS FROM SUPPLY-SIDE DRIVERS  270