Quick Summary:
In the constantly evolving market landscape, the global Rail Composites industry is one key area that is projected to unveil substantial growth across the forthcoming years. As attested by a newly detailed market research report, the Rail Composites market, currently valued at US$1.5 Billion, is expected to swell to an impressive US$2.2 Billion by 2030, backed by a compound growth rate of 5% through the period of analysis; 2022 to 2030.
This comprehensive market research report has more to offer than mere growth projections. It gives you a chance to understand the competitors that you're up against, with detailed data on key players such as Aim Altitude, Cytec Industries, Inc., and Gurit Holding AG, among others. With specialized coverage on emerging trends, changes in market dynamics, global competitiveness and predictor market shares, this report provides a robust framework to help strategically navigate the Rail Composites market. Get a unique perspective on the market's potential while benefiting from online interactive peer-to-peer collaborative bespoke updates and complimentary one-year updates. Don't miss out on this opportunity to stay ahead of the curve in the Rail Composites industry.
Global Rail Composites Market to Reach $2.2 Billion by 2030
The global market for Rail Composites estimated at US$1.5 Billion in the year 2022, is projected to reach a revised size of US$2.2 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030. Glass Fiber, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$1.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Carbon Fiber segment is readjusted to a revised 4.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $401.7 Million, While China is Forecast to Grow at 8% CAGR
The Rail Composites market in the U.S. is estimated at US$401.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$477.7 Million by the year 2030 trailing a CAGR of 8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.Select Competitors (Total 42 Featured) -
- Aim Altitude
- Airex Composite Structures
- Cytec Industries, Inc.
- Dartforfd Composites Ltd.
- Gurit Holding AG
- Hexcel Corporation
- Joptek Oy Composites
- Premier Composite Technologies
- Teijin Ltd.
- Tpi Composites, Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Rail Composites?
What is the growth rate of the Global Market for Rail Composites?
What is the forecasted size of the Global Market for Rail Composites?
Who are the key companies in the Global Market for Rail Composites?
| Report Attribute | Details |
|---|---|
| No. of Pages | 194 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 1.5 Billion |
| Forecasted Market Value ( USD | $ 2.2 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Aim Altitude
- Airex Composite Structures
- Cytec Industries, Inc.
- Dartforfd Composites Ltd.
- Gurit Holding AG
- Hexcel Corporation
- Joptek Oy Composites
- Premier Composite Technologies
- Teijin Ltd.
- Tpi Composites, Inc.
