Market Overview:
The global railway composites market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the railway composites market can be attributed to the increasing demand for lightweight and durable materials for railway applications. Railway composites are used in various applications such as exterior, interior, and others. Exterior applications include components such as body panels, underframes, bogies frames, and roofing systems. Interior applications include flooring systems, wall cladding systems, ceiling panels and luggage racks among others.
Product Definition:
Railway composites are materials used in the construction of railway tracks. The most common type is concrete, but other materials such as wood, steel, and plastic are also used. These materials are important because they provide a surface for trains to travel on that is both smooth and durable.
Fibre Reinforced Plastics:
Fibre reinforced plastics (FRP) are composites of plastic and glass fibers, which are woven or knitted together to form a fabric. FRP materials find application in various industries such as transportation, marine, energy & power generation and construction. The global demand for these products is expected to witness significant growth on account of their excellent strength-to-weight ratio coupled with high durability.
Jute-Coir Composites:
Jute-coir composites are natural fibers that are obtained from the plant called Jute and the Coir. These products have high tensile strength, durability, abrasion resistance and they can be easily woven into any type of composite material. Jute-coir composites offer a cost effective solution to railway manufacturers as compared to other traditional materials such as wood or fiberglass.
Application Insights:
Exterior was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The exterior of railways comprises various components, such as handrails, seat backs, door panels and walls, which are made from wood or composite materials. Thermoset composites dominate the exterior application segment owing to their low cost and high durability. Other than this, fiber reinforced plastics also find considerable usage in exteriors due to their lightweight properties that make them easy to handle especially at high speeds.
Interior applications include seating compartments or coaches of a train where passengers sit on comfortable seats during long-distance travel. Increasing passenger traffic on account of rising disposable income levels has resulted in an increased demand for railway transportation services that have been fueling market growth over interior applications for composites since 2015.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing infrastructure development activities coupled with rising investments in high-speed rail projects across China, India, Japan, and Korea. Moreover, rising disposable income levels are anticipated to fuel demand for premium passenger trainsets from countries including China and India.
Europe accounted for a significant share of global revenue in 2017 owing to high demand from automotive industry on account of stringent regulations regarding fuel economy as well as carbon emissions associated with vehicles operating under European Union norms. In addition, growing trend towards bio-based plastics is expected drive product demand over the forecast period.
North America emerged as one of the major markets accounting for a share of more than 20% in terms of volume generated by Jute-coconut husk composites on account their lightweight properties along with ease in handling characteristics making it suitable for use within aerospace applications among others).
Growth Factors:
- Increasing demand for lightweight and fuel-efficient transportation vehicles
- Growing investments in railway infrastructure development projects
- Proliferation of high-speed railways across the globe
- Rising demand for advanced composites in railway applications
- Technological advancements in railway composites manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Composites Market Research Report
By Type
Fibre Reinforced Plastics, Jute-Coir Composites, Thermoset Composites, Other Composites
By Application
Exterior, Interior, Others
By Companies
Hexcel, Kansas Structural Composites, Euro-Composites, Premier Composite Technologies, Joptek Composites, Gurit, TRB Lightweight Structures
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Railway Composites Market Report Segments:
The global Railway Composites market is segmented on the basis of:
Types
Fibre Reinforced Plastics, Jute-Coir Composites, Thermoset Composites, Other Composites
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Exterior, Interior, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hexcel
- Kansas Structural Composites
- Euro-Composites
- Premier Composite Technologies
- Joptek Composites
- Gurit
- TRB Lightweight Structures
Highlights of The Railway Composites Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fibre Reinforced Plastics
- Jute-Coir Composites
- Thermoset Composites
- Other Composites
- By Application:
- Exterior
- Interior
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Railway Composites Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Railway composites are a type of composite material that is made up of multiple layers of materials. The top layer is usually a plastic or other strong material, and the bottom layer is made up of smaller pieces of plastic or other materials that have been bonded together. This creates a stronger and more durable product than traditional composites, which can be damaged by moisture or other elements.
Some of the major players in the railway composites market are Hexcel, Kansas Structural Composites, Euro-Composites, Premier Composite Technologies, Joptek Composites, Gurit, TRB Lightweight Structures.
The railway composites market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Railway Composites Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Railway Composites Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Railway Composites Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Railway Composites Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Railway Composites Market Size & Forecast, 2020-2028
4.5.1 Railway Composites Market Size and Y-o-Y Growth
4.5.2 Railway Composites Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fibre Reinforced Plastics
5.2.2 Jute-Coir Composites
5.2.3 Thermoset Composites
5.2.4 Other Composites
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Exterior
6.2.2 Interior
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Railway Composites Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Railway Composites Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fibre Reinforced Plastics
9.6.2 Jute-Coir Composites
9.6.3 Thermoset Composites
9.6.4 Other Composites
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Exterior
9.10.2 Interior
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fibre Reinforced Plastics
10.6.2 Jute-Coir Composites
10.6.3 Thermoset Composites
10.6.4 Other Composites
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Exterior
10.10.2 Interior
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fibre Reinforced Plastics
11.6.2 Jute-Coir Composites
11.6.3 Thermoset Composites
11.6.4 Other Composites
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Exterior
11.10.2 Interior
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fibre Reinforced Plastics
12.6.2 Jute-Coir Composites
12.6.3 Thermoset Composites
12.6.4 Other Composites
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Exterior
12.10.2 Interior
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fibre Reinforced Plastics
13.6.2 Jute-Coir Composites
13.6.3 Thermoset Composites
13.6.4 Other Composites
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Exterior
13.10.2 Interior
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Railway Composites Market: Competitive Dashboard
14.2 Global Railway Composites Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hexcel
14.3.2 Kansas Structural Composites
14.3.3 Euro-Composites
14.3.4 Premier Composite Technologies
14.3.5 Joptek Composites
14.3.6 Gurit
14.3.7 TRB Lightweight Structures
