The Business Research Company’s global train & components manufacturing market analysis covers the year-on-year growth of the global train & components manufacturing market historic and forecast growth. It also includes chapters on the train & components manufacturing market trends, geographical analysis, and competitive landscape.
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The global train & components market is forecast to grow at a CAGR (compound annual growth rate) of around 4.5% by 2020.
Train & Components Manufacturing Market Segmentation
According to TBRC’s global train & components manufacturing market research, the market is split by segments into locomotives, wagons, & other rolling stock and parts & accessories for railway vehicles.
Locomotives, Wagons, & Other Rolling Stock was the largest segment in the train and components manufacturing market accounting for about 60% of the market. This was mainly due to the presence of a large number of passenger and cargo train manufacturing companies around the world. This segment includes companies that manufacture or rebuild locomotives, wagons, railroad cars, light rail cars, rapid transit cars and subway cars.
Parts & Accessories For Railway Vehicles was the second largest segment in the train and components manufacturing market. This segment includes companies that manufacture brakes and parts for railroad rolling stock, lubrication systems and rail laying and tamping equipment.
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Locomotives, Wagons, & Other Rolling Stock is expected to have the lower CAGR (compound annual growth rate) 4.5% during 2017-2021 as compared to Parts & Accessories For Railway Vehicles with an expected CAGR of 5%. This can be attributed to the increasing demand for locomotives as a result of increase in passenger and cargo transportation mainly in developing economies such as China and India.
The global train & components manufacturing market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The global locomotives, wagons, & other rolling stock and parts & accessories for railway vehicles market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the report are CRRC, Siemens, Alstom, Bombardier and GE Transportation.
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