Market Overview:
The global train and components manufacturing market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for railway transportation across the globe, coupled with the growing investments in railway infrastructure projects. In terms of type, locomotives segment is expected to hold a dominant share in the global train and components manufacturing market during the forecast period. This can be attributed to increasing demand for high-speed trains across developed and developing countries.
Product Definition:
Train and Components Manufacturing is the process of manufacturing parts and components for trains. This is an important process, as it ensures that trains are able to run smoothly and efficiently. Without properly manufactured parts and components, trains would not be able to function properly.
Locomotives, Wagons and Other Rolling Stock Manufacturing:
Locomotives, wagons and other rolling stock manufacturing is a part of transportation industry which includes the manufacture of locomotive, rail cars/wagons along with their parts and accessories. It’s usage in various end-use industries such as for freight transport (by rail or by road) from one destination to another.
Parts and Accessories for Railway Vehicles Manufacturing:
The global parts and accessories for railway vehicles manufacturing and it's usage in train & components manufacturing market size was valued at USD 4.5 billion in 2016. The industry is expected to witness significant growth over the forecast period owing to increasing demand for high-quality, cost-effective, reliable, and durable products across the globe.
Application Insights:
The transportation application segment led the global train and components manufacturing market in 2017. The segment is also projected to hold the largest share by 2030 as railways are one of the most important modes of transport for goods across countries. Industrial applications include assembly and manufacturing of railway vehicles, which includes passenger coaches, freight wagons, tankers and locomotives among others. Transportation is further categorized into industrial applications including automotive parts & accessories manufacturers along with railway vehicle manufacturers that primarily cater to interiors products such as seating, carpeting etc., These segments together form a significant part of overall industry demand worldwide.
The other applications include construction materials used in bridges or tunnels that support trains on them along with maintenance services for these infrastructure projects such as track repair or cleaning services provided by rail cleaning contractors globally.
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 foreign investments in India, China, Japan, South Korea, Singapore and Malaysia. For instance; In 2015-2016 Union Budget of India Railway Ministry received USD X billion (Rs 10 lakh crores) for investment plan worth USD X billion (Rs 90,000 crores) over a period of five years from 2016-2017 to 2019-2020 which includes modernization projects like installation of new signaling system with digital communication between trains and upgradation/additionals at stations including construction or expansion of platforms as well as building footbridges or escalators etc.
Growth Factors:
- Increasing demand for high-speed trains and metros in developing countries
- Rising investments in railway infrastructure by governments across the globe
- Proliferation of advanced technologies and automation in the manufacturing process
- Growing popularity of rail transport over other modes of transportation
- Emergence of new players in the market with innovative products and services
Scope Of The Report
Report Attributes
Report Details
Report Title
Train and Components Manufacturing Market Research Report
By Type
Locomotives, Wagons and Other Rolling Stock Manufacturing, Parts and Accessories for Railway Vehicles Manufacturing
By Application
Industrial, Transportation, Others
By Companies
CRRC, Siemens, Alstom, Bombardier, GE Transportation
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
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Train and Components Manufacturing Market Report Segments:
The global Train and Components Manufacturing market is segmented on the basis of:
Types
Locomotives, Wagons and Other Rolling Stock Manufacturing, Parts and Accessories for Railway Vehicles Manufacturing
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
Industrial, Transportation, 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:
- CRRC
- Siemens
- Alstom
- Bombardier
- GE Transportation
Highlights of The Train and Components Manufacturing 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:
- Locomotives, Wagons and Other Rolling Stock Manufacturing
- Parts and Accessories for Railway Vehicles Manufacturing
- By Application:
- Industrial
- Transportation
- 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 Train and Components Manufacturing 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?
Train and components manufacturing is the process of assembling a train from individual parts.
Some of the major companies in the train and components manufacturing market are CRRC, Siemens, Alstom, Bombardier, GE Transportation.
The train and components manufacturing 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 Train and Components Manufacturing 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 Train and Components Manufacturing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Train and Components Manufacturing 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 Train and Components Manufacturing 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 Train and Components Manufacturing Market Size & Forecast, 2020-2028
4.5.1 Train and Components Manufacturing Market Size and Y-o-Y Growth
4.5.2 Train and Components Manufacturing 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 Locomotives
5.2.2 Wagons and Other Rolling Stock Manufacturing
5.2.3 Parts and Accessories for Railway Vehicles Manufacturing
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 Industrial
6.2.2 Transportation
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Train and Components Manufacturing 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 Train and Components Manufacturing 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 Locomotives
9.6.2 Wagons and Other Rolling Stock Manufacturing
9.6.3 Parts and Accessories for Railway Vehicles Manufacturing
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 Industrial
9.10.2 Transportation
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 Locomotives
10.6.2 Wagons and Other Rolling Stock Manufacturing
10.6.3 Parts and Accessories for Railway Vehicles Manufacturing
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 Industrial
10.10.2 Transportation
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 Locomotives
11.6.2 Wagons and Other Rolling Stock Manufacturing
11.6.3 Parts and Accessories for Railway Vehicles Manufacturing
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 Industrial
11.10.2 Transportation
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 Locomotives
12.6.2 Wagons and Other Rolling Stock Manufacturing
12.6.3 Parts and Accessories for Railway Vehicles Manufacturing
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 Industrial
12.10.2 Transportation
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 Locomotives
13.6.2 Wagons and Other Rolling Stock Manufacturing
13.6.3 Parts and Accessories for Railway Vehicles Manufacturing
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 Industrial
13.10.2 Transportation
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 Train and Components Manufacturing Market: Competitive Dashboard
14.2 Global Train and Components Manufacturing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CRRC
14.3.2 Siemens
14.3.3 Alstom
14.3.4 Bombardier
14.3.5 GE Transportation
