Railway Gearbox Market Size

Railway Gearbox Market size was estimated at USD 4.1 billion in 2024 and is expected to surpass USD 7.9 billion by the end of 2037, rising at a CAGR of 5.2% during the forecast period, i.e., 2025-2037. In 2025, the industry size of railway gearbox is estimated at USD 4.3 billion.

The railway industry is rapidly expanding due to advancements in rail technology and contemporary gearboxes. This has resulted in rising investments in developing advanced gearboxes with excellent performance and efficiency. The growing emphasis on incorporating energy-efficient technology in innovative gearbox designs to improve operational efficiencies is expected to drive railway gearbox market growth. For instance, in December 2023, to achieve zero emissions while upholding the highest standards of dependability and quality, CAF MiiRA unveiled its latest generation of lightweight, effective gearboxes. In addition to providing cost-effective solutions, this achievement reflects the company's development presence and market expertise and is committed to the development of full wheels for cars and platform diversity.