Market Overview:
The global rolling stock LED lights market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient lighting solutions and the growing adoption of LED lighting in rolling stock applications. The global rolling stock LED lights market by type is segmented into diesel locomotive, electric locomotive, and others. The diesel locomotive segment is expected to hold the largest share of the global rolling stock LED lights market by type during the forecast period. This can be attributed to factors such as rising demand for freight transportation and increasing investments in railway infrastructure across developing countries. The global Rolling Stock LED Lights Market by application is segmented into interior train lighting and exterior train lighting.
Product Definition:
LED lights are an important part of rolling stock. They help to keep the train running safely and efficiently.
Diesel Locomotive:
Diesel locomotive is a self-propelled railway vehicle that is used to carry the train load of freight. It has a large combustion engine mounted on an axel driven chassis, which provides power to drive the train. The diesel locomotive has faster acceleration and can run at higher speeds than electric or steam locomotives.
The global demand for diesel locomotives was 1,600 units in 2015.
Electric Locomotive:
Electric locomotive is a self-propelled railway vehicle that uses electricity as its source of propulsion and can be used for both freight and passenger transport. The first electric locomotive was introduced in 1825 by the British engineer William Tenter. Since then, continuous development has led to the production of high-performance vehicles with improved features, efficiency, and reduced noise & emissions.
Application Insights:
Interior train lighting application segment led the global rolling stock LED lights market in 2017. Increasing use of LEDs for interior applications such as pantographs, indicators, and other light sources is expected to drive the demand over the forecast period.
Exterior train lighting application segment is anticipated to witness significant growth over the forecast period owing to increasing use of LEDs for exterior applications such as locomotive headlights and passenger car headlamps. The growing railway infrastructure development across regions coupled with rising adoption of energy-efficient products are factors that are likely to propel industry growth over the coming years. For instance, Germany has been developing its railway network significantly in recent years; this trend is expected to continue through 2030s resulting in increased product demand from Germany during that time frame.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing government investments in railways infrastructure and rising passenger traffic. The Indian Ministry of Railways has planned to expand the network by 1,800 km over the next five years at an estimated cost of USD X billion. In addition, according to India Brand Equity Foundation (IBEF), foreign direct investment (FDI) in Indian railways increased from USD X million in 2014-15 to USD X million in 2017-18.
Europe was valued at approximately USD X billion in 2017 and is projecteded grow moderately during the forecast period owing as it one of major regions for rolling stock production coupled with high demand for diesel locomotives and electric locomotives on account its aging fleet particularly on rails across Germany, Italy, France.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED lights over traditional lighting sources
- Technological advancements in LED lighting technology
- Growing demand for Rolling Stock LED Lights in emerging markets
- Stringent government regulations mandating the use of energy-efficient lighting solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Rolling Stock LED Lights Market Research Report
By Type
Diesel Locomotive, Electric Locomotive, Others
By Application
Interior Train Lighting, Exterior Train Lighting
By Companies
Toshiba, General Electric, Hitachi, Koito, Federal-Mogul, Osram, Grupo Antolin, Dräxlmaier, Teknoware, Autolite, Toshiba
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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Rolling Stock LED Lights Market Report Segments:
The global Rolling Stock LED Lights market is segmented on the basis of:
Types
Diesel Locomotive, Electric Locomotive, Others
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
Interior Train Lighting, Exterior Train Lighting
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:
- Toshiba
- General Electric
- Hitachi
- Koito
- Federal-Mogul
- Osram
- Grupo Antolin
- Dräxlmaier
- Teknoware
- Autolite
- Toshiba
Highlights of The Rolling Stock LED Lights 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:
- Diesel Locomotive
- Electric Locomotive
- Others
- By Application:
- Interior Train Lighting
- Exterior Train Lighting
- 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 Rolling Stock LED Lights 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?
Rolling stock LED lights are a type of lighting that is used on trains and buses. They are made up of many small LEDs that can be turned on and off quickly, which makes them perfect for use in transportation applications.
Some of the key players operating in the rolling stock led lights market are Toshiba, General Electric, Hitachi, Koito, Federal-Mogul, Osram, Grupo Antolin, Dr¤xlmaier, Teknoware, Autolite, Toshiba.
The rolling stock led lights market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rolling Stock LED Lights 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 Rolling Stock LED Lights Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rolling Stock LED Lights 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 Rolling Stock LED Lights 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 Rolling Stock LED Lights Market Size & Forecast, 2018-2028
4.5.1 Rolling Stock LED Lights Market Size and Y-o-Y Growth
4.5.2 Rolling Stock LED Lights Market Absolute $ Opportunity
Chapter 5 Global Rolling Stock LED Lights 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 Rolling Stock LED Lights Market Size Forecast by Type
5.2.1 Diesel Locomotive
5.2.2 Electric Locomotive
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Rolling Stock LED Lights 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 Rolling Stock LED Lights Market Size Forecast by Applications
6.2.1 Interior Train Lighting
6.2.2 Exterior Train Lighting
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rolling Stock LED Lights 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 Rolling Stock LED Lights 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 Rolling Stock LED Lights Analysis and Forecast
9.1 Introduction
9.2 North America Rolling Stock LED Lights 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 Rolling Stock LED Lights Market Size Forecast by Type
9.6.1 Diesel Locomotive
9.6.2 Electric Locomotive
9.6.3 Others
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 Rolling Stock LED Lights Market Size Forecast by Applications
9.10.1 Interior Train Lighting
9.10.2 Exterior Train Lighting
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 Rolling Stock LED Lights Analysis and Forecast
10.1 Introduction
10.2 Europe Rolling Stock LED Lights 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 Rolling Stock LED Lights Market Size Forecast by Type
10.6.1 Diesel Locomotive
10.6.2 Electric Locomotive
10.6.3 Others
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 Rolling Stock LED Lights Market Size Forecast by Applications
10.10.1 Interior Train Lighting
10.10.2 Exterior Train Lighting
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 Rolling Stock LED Lights Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Rolling Stock LED Lights 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 Rolling Stock LED Lights Market Size Forecast by Type
11.6.1 Diesel Locomotive
11.6.2 Electric Locomotive
11.6.3 Others
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 Rolling Stock LED Lights Market Size Forecast by Applications
11.10.1 Interior Train Lighting
11.10.2 Exterior Train Lighting
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 Rolling Stock LED Lights Analysis and Forecast
12.1 Introduction
12.2 Latin America Rolling Stock LED Lights 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 Rolling Stock LED Lights Market Size Forecast by Type
12.6.1 Diesel Locomotive
12.6.2 Electric Locomotive
12.6.3 Others
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 Rolling Stock LED Lights Market Size Forecast by Applications
12.10.1 Interior Train Lighting
12.10.2 Exterior Train Lighting
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) Rolling Stock LED Lights Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Rolling Stock LED Lights 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) Rolling Stock LED Lights Market Size Forecast by Type
13.6.1 Diesel Locomotive
13.6.2 Electric Locomotive
13.6.3 Others
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) Rolling Stock LED Lights Market Size Forecast by Applications
13.10.1 Interior Train Lighting
13.10.2 Exterior Train Lighting
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 Rolling Stock LED Lights Market: Competitive Dashboard
14.2 Global Rolling Stock LED Lights Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toshiba
14.3.2 General Electric
14.3.3 Hitachi
14.3.4 Koito
14.3.5 Federal-Mogul
14.3.6 Osram
14.3.7 Grupo Antolin
14.3.8 Dräxlmaier
14.3.9 Teknoware
14.3.10 Autolite
14.3.11 Toshiba
