Description
Global market for simulators in train driver training
The global market size for simulators in education is forecast to increase from EUR 375.96 million in 2023 to EUR 487.85 million in 2030. This corresponds to a compound annual growth rate (CAGR) of 3.79% from 2024 to 2030. The continuous growth is mainly driven by the strong demand in China, Europe and other regions, which are pushing ahead with the expansion of their high-speed railroads and the implementation of new mass transit projects.
The market is dominated by many well-known international suppliers such as CORYS, Chengdu Yunda and SOGECLAIR Simulation. In addition, numerous local companies and specialized providers are entering the competition to cover specific application areas.
With Railway Training Simulation System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Railway Training Simulation System industry.
This Insight Report provides a comprehensive analysis of the global Railway Training Simulation System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and Mergers & Acquisitions activity. This report also analyzes the strategies of leading global companies with a focus on Railway Training Simulation System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Railway Training Simulation System market.
This Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Railway Training Simulation System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Railway Training Simulation System.
– United States market for Railway Training Simulation System is estimated to increase from US$ 46.30 million in 2023 to US$ 53.85 million by 2030, at a CAGR of 2.21% from 2024 through 2030.
– China market for Railway Training Simulation System is estimated to increase from US$ 96.88 million in 2023 to US$ 132.79 million by 2030, at a CAGR of 4.52% from 2024 through 2030.
– Europe market for Railway Training Simulation System is estimated to increase from US$ 137.20 million in 2023 to US$ 182.51 million by 2030, at a CAGR of 3.72% from 2024 through 2030.
The information on which this study is based was obtained from the following sources:
– financial reports of the companies presented,
– company websites and social media presences,
– professional articles and
– websites and other freely accessible publications and information.
The report focuses on the 15 largest manufacturers in the field of simulation for education and training in rail-bound transportation. The appendix contains companies that were not included in the analyses in detail but are nevertheless considered relevant.
The year 2023 serves as the base year for the company profiles; if no data was available, information from the previous year was used. The report provides a market overview and forecasts for the years 2019 to 2030, broken down by company, application, region and country. All calculations containing quantitative data are based on the values for 2023. The figures presented in the report are actual values for 2023, while the values for the period 2024-2030 are based on estimates.
