Growth Opportunities for Composites in the Global Rail Industry

  • ID: 4173018
  • Report
  • Region: Global
  • 137 pages
  • Lucintel
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Market for Composites Applications in the Global Rail Industry Is Expected To Reach an Estimated $821 Million By 2021

FEATURED COMPANIES

  • Exel Composites
  • Joptek Composites
  • Stratiforme Industries
  • TPI Composites
  • MORE

Trends, opportunities and forecast in this market to 2021 by by end use application (interior, exterior), manufacturing process (open mold, pultrusion, RTM/VARTM, SCRIMP, injection molding and others), fiber (glass fiber, carbon fiber and others), resin (polyester, vinyl ester, phenolic, epoxy and others) and by region (North America, Europe, Asia Pacific, and the Rest of the World)

The future of global rail composites market looks good with opportunities in the interior and exterior applications. The market for composites applications in the global rail industry is expected to reach an estimated $821 million by 2021 and it is forecast to grow at a CAGR of 3.6% from 2016 to 2021. The major drivers for the growth of this market are increased demand for lightweight materials and development of high speed trains. Furthermore, composites offer higher performance benefits than traditional materials like steel and aluminum.

Emerging trends which have a direct impact on the dynamics of the industry include the development of green technology products and high performance composites for interior and exterior applications.

The study includes a forecast for the growth opportunities for the global rail composites market by end use application, resin, fiber, manufacturing process, and region as follows:

Rail composites market by end use application [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:

  • Interior
  • Exterior

Rail composites market by manufacturing process [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:

  • Open mold
  • Pultrusion
  • RTM/VARTM
  • SCRIMP
  • Injection Molding
  • Others

Rail composites market by fiber [volume (M lbs) and Value ($ Million) from 2010 to 2021]:

  • Glass fiber
  • Carbon fiber and Others

Rail composites market by resin [volume (M lbs) and Value ($ Million) from 2010 to 2021]:

  • Polyester
  • Vinyl Ester
  • Phenolic
  • Epoxy
  • Others

Rail composites market by region [volume (M lbs) and Value ($ Million) from 2010 to 2021]:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Rail composites market companies profiled in this market report include Joptek Composites, Sintex Wausaukee Composites, Exel Composites, Miles Fiberglass & Composites, and TPI Composite.

On the basis of comprehensive research, the author forecasts that the interior segment is expected to show above average growth during the forecast period of 2016 to 2021.

By application in the global rail industry, the interior segment is expected to remain the largest market by volume. Increasing demand for high performance, fire retardant materials with good aesthetic properties are the major driving forces that spur growth for this segment over the forecast period.

Europe is expected to remain the largest market for composite consumption in the rail industry, whereas APAC is likely to witness the highest growth rate during the forecast period due to expected increase in high speed train production and growing demand for mass transportation in the region.

Some of the features of “Growth Opportunities for Composites in the Global Rail Industry 2016-2021: Trends, Forecast, and Opportunity Analysis” include:

  • Market size estimates: Rail composites market size estimation in terms of value ($M) and volume (M lbs.) shipment.
  • Trend and forecast analysis: Market trend (2010-2015) and forecast (2016-2021) by region and segments.
  • Segmentation analysis: Rail composites market size by various applications such as end use application, manufacturing process, fiber, and resin in terms of value and volume shipment
  • Regional analysis: Rail composites market breakdown by key regions such as North America, Europe, Asia Pacific, and Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions.
  • Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of rail composites market suppliers.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report addresses the following key questions:
Q.1. What are some of the most promising, high-growth opportunities for composites in rail industry by end use application (interior, exterior), manufacturing process (open mold, pultrusion, RTM/VARTM, SCRIMP, injection molding and others), fiber (glass fiber, carbon fiber and others), resin (polyester, vinyl ester, phenolic, epoxy and others) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which products segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in rail composites market ?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in rail composites market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11. What M&A activity has occurred in the last 5 years?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Exel Composites
  • Joptek Composites
  • Stratiforme Industries
  • TPI Composites
  • MORE

1. Executive Summary

2. Industry Background and Classifications
2.1: Introduction
2.2: Industry Classification
2.3: Supply Chain

3. Market Trends and Forecast Analysis
3.1: Market Analysis: 2015
3.1.1: Global Rail Composites Market by Application
 Interior
 Exterior
3.1.2: Global Rail Composites Market by Manufacturing Process
 Open Mold
 Pultrusion
 RTM/VARTM
 SCRIMP
 Injection Molding
 Others
3.1.3: Global Rail Composites Market by Fiber Type
 Glass Fiber
 Carbon Fiber and Others
3.1.4: Global Rail Composites Market by Resin Type
 Polyester
 Vinyl Ester
 Phenolic
 Epoxy
 Others
3.1.5: Global Rail Composites Market by Region
 North America
 Europe
 APAC
 ROW
3.2: Market Trends from 2010 to 2015
3.2.1: Macroeconomic Trends
3.2.2: Global Rail Composites Market Trends by Application
3.2.3: Global Rail Composites Market Trends by Manufacturing Process
3.2.4: Global Rail Composites Market Trends by Fiber Type
3.2.5: Global Rail Composites Market Trends by Resin Type
3.2.6: Global Rail Composites Market Trends by Region
3.2.7: Industry Drivers and Challenges
3.3: Market Forecast 2016-2021
3.3.1: Macroeconomic Forecasts
3.3.2: Global Rail Composites Market Forecast by Application
3.3.3: Global Rail Composites Market Forecast by Manufacturing Process
3.3.4: Global Rail Composites Market Forecast by Fiber Type
3.3.5: Global Rail Composites Market Forecast by Resin Type
3.3.6: Global Rail Composites Market Forecast by Region

4. Competitor Analysis
4.1: Product Portfolio Analysis
4.2: Geographical Reach
4.3: Operational Integration
4.4: Porter's Five Forces Analysis

5. Growth Opportunities and Strategic Analysis
5.1: Growth Opportunity Analysis
5.1.1: Growth Opportunity Analysis by Application Type
5.1.2: Growth Opportunity Analysis by Region Type
5.1.3: Growth Opportunity Analysis by Fiber Type
5.1.4: Growth Opportunity Analysis by Resin Type
5.1.5: Growth Opportunity Analysis by Manufacturing Process
5.2: Emerging Trends in Rail Composites Industry
5.3: Strategic Analysis
5.3.1: New Product Development
5.3.2: Mergers, Acquisitions and joint ventures in Rail Composites Industry

6. Company Profiles of Leading Players
6.1: Joptek Composites
6.2: Able Manufacturing & Assembly, LLC
6.3: Aviation Industry Corporation of China (AVIC)
6.4: Sintex Wausaukee Composites
6.5: Exel Composites
6.6: Miles Fiberglass & Composites
6.7: Premier Composite Technologies
6.8: TPI Composites
6.9: Stratiforme Industries
6.10: Rochling Engineering Plastics

List of Figures
Chapter 2. Industry Background and Classifications
Figure 2.1: Global Rail Composite Market Classification
Figure 2.2: SCRIMP Process
Figure 2.3: Toilet Modules
Figure 2.4: Rail Seats
Figure 2.5: Drivers Consoles
Figure 2.6: Cab Door Liner
Figure 2.7: Console Knee Panel
Figure 2.8: Energy Absorber
Figure 2.9: Rail Door
Figure 2.10: Aerodynamic Composite Front End Cabs
Figure 2.11: Supply Chain of Global Rail Composite Market

Chapter 3. Market Trends and Forecast Analysis
Figure 3.1: Global Rail Composites Market ($ Million) Distribution by Application in 2015
Figure 3.2: Global Rail Composites Market ($ Million) by Application in 2015
Figure 3.3: Global Rail Composites Market (Million Pounds) Distribution by Application in 2015
Figure 3.4: Global Rail Composites Market (Million Pounds) by Application in 2015
Figure 3.5: Global Rail Composites Market ($ Million) Distribution by Manufacturing Process in 2015
Figure 3.6: Global Rail Composites Market ($ Million) by Process in 2015
Figure 3.7: Global Rail Composites Market (Million Pounds) Distribution by Manufacturing Process in 2015
Figure 3.8: Global Rail Composites Market (Million Pounds) by Manufacturing Process in 2015
Figure 3.9: Global Rail Composites Market ($ Million) Distribution by Fiber Type in 2015
Figure 3.10: Global Rail Composites Market ($ Million) by Fiber Type in 2015
Figure 3.11: Global Rail Composites Market (Million Pounds) Distribution by Fiber Type in 2015
Figure 3.12: Global Rail Composites Market (Million Pounds) by Fiber Type in 2015
Figure 3.13: Global Rail Composites Market ($ Million) Distribution by Resin Type in 2015
Figure 3.14: Global Rail Composites Market ($ Million) by Resin Type in 2015
Figure 3.15: Global Rail Composites Market (Million Pounds) Distribution by Resin Type in 2015
Figure 3.16: Global Rail Composites Market (Million Pounds) by Resin Type in 2015
Figure 3.17: Global Rail Composites Market ($ Million) Distribution by Region in 2015
Figure 3.18: Global Rail Composites Market ($ Million) by Region in 2015
Figure 3.19: Global Rail Composites Market (Million Pounds) Distribution by Region in 2015
Figure 3.20: Global Rail Composites Market (Million Pounds) by Region in 2015
Figure 3.21: Trends of the Global GDP Growth Rate
Figure 3.22: Trends of the Global Population Growth Rate
Figure 3.23: Trends of the Regional GDP Growth Rate
Figure 3.24: Trends of the Regional Population Growth Rate
Figure 3.25: Trends of the Global Rolling Stock Market ($ Billion) from 2010 to 2015
Figure 3.26: Trends of the Global Rail Composites Market from 2010 to 2015
Figure 3.27: Global Rail Composites Market ($ Million) Trends by Application from 2010 to 2015
Figure 3.28: Year-over-Year Growth Rate of the Global Rail Composites Market ($ Million) by Application during 2014 to 2015
Figure 3.29: CAGR of the Global Rail Composites Market ($ Million) by Application from 2010 to 2015
Figure 3.30: Global Rail Composites Market (Million Pounds) Trends by Application from 2010 to 2015
Figure 3.31: Year-over-Year Growth Rate of the Global Rail Composites Market (Million Pounds) by Application from 2014 to 2015
Figure 3.32: CAGR of the Global Rail Composites Market (Million Pounds) by Application from 2010 to 2015
Figure 3.33: Global Rail Composites Market ($ Million) by Process from 2010 to 2015
Figure 3.34: Year-over-Year Growth Rate of the Global Rail Composites Market ($ Million) by Manufacturing Process from 2014 to 2015
Figure 3.35: CAGR of the Global Rail Composites Market ($ Million) by Manufacturing Process from 2010 to 2015
Figure 3.36: Global Rail Composites Market (Million Pounds) Trends by Manufacturing Process from 2010 to 2015
Figure 3.37: Year-over-Year Growth Rate of the Global Rail Composites Market (Million Pounds) by Manufacturing Process from 2014 to 2015
Figure 3.38: CAGR of the Global Rail Composites Market by (Million Pounds) by Manufacturing Process from 2010 to 2015
Figure 3.39: Global Rail Composites Market ($ Million) Trends by Fiber Type from 2010 to 2015
Figure 3.40: Year-over-Year Growth Rate of the Global Rail Composites Market ($ Million) by Fiber Type from 2014 to 2015
Figure 3.41: CAGR of the Global Rail Composites Market ($ Million) by Fiber Type from 2010 to 2015
Figure 3.42: Global Rail Composites Market (Million Pounds) Trends by Fiber Type from 2010 to 2015
Figure 3.43: Year-over-Year Growth Rate of the Global Rail Composites Market (Million Pounds) by Fiber Type from 2014 to 2015
Figure 3.44: CAGR of the Global Rail Composites Market (Million Pounds) by Fiber Type from 2010 to 2015
Figure 3.45: Global Rail Composites Market ($ Million) Trends by Resin Type from 2010 to 2015
Figure 3.46: Year-over-Year Growth Rate of the Global Rail Composites Market ($ Million) by Resin Type during 2014 to 2015
Figure 3.47: CAGR of the Global Rail Composites Market ($ Million) by Resin Type from 2010 to 2015
Figure 3.48: Global Rail Composites Market (Million Pounds) Trends by Resin Type from 2010 to 2015
Figure 3.49: Year-over-Year Growth Rate of the Global Rail Composites Market (Million Pounds) by Resin Type from 2014 to 2015
Figure 3.50: CAGR of the Global Rail Composites Market by Resin Type (Million Pounds) from 2010 to 2015
Figure 3.51: Trends of the Global Rail Composites Market ($ Million) by Region from 2010 to 2015
Figure 3.52: Year-over-Year Growth Rate of the Global Rail Composites Market ($ Million) by Region from 2014 to 2015
Figure 3.53: CAGR of the Global Rail Composites Market ($ Million) by Region from 2010 to 2015
Figure 3.54: Global Rail Composites Market (Million Pounds) Trends by Region from 2010 to 2015
Figure 3.55: Year-over-Year Growth of the Global Rail Composites Market (Million Pounds) by Region from 2014 to 2015
Figure 3.56: CAGR of the Global Rail Composites Market (Million Pounds) by Region from 2010 to 2015
Figure 3.57: Drivers and Challenges of the Global Rail Composites Market
Figure 3.58: Forecast for the Global GDP Growth Rate
Figure 3.59: Forecast for the Global Population Growth Rate
Figure 3.60: Global Rolling Stock Market ($ Billion) Forecast from 2016 to 2021
Figure 3.61: Global Rail Composites Market Forecast from 2016 to 2021
Figure 3.62: Global Rail Composites Market ($ Million) Forecast by Application from 2016 to 2021
Figure 3.63: Growth Forecast of the Global Rail Composites Market Segments ($ Million) by Application from 2015 to 2016
Figure 3.64: CAGR of the Global Rail Composites Market Segments ($ Million) by Application from 2016 to 2021
Figure 3.65: Global Rail Composites Market (Million Pounds) Forecast by Application from 2016 to 2021
Figure 3.66: Growth Forecast of the Global Rail Composites Market (Million Pounds) by Application from 2015 to 2016
Figure 3.67: CAGR of the Global Rail Composites Market (Million Pounds) by Application from 2016 to 2021
Figure 3.68: Global Rail Composites Market ($ Million) by Manufacturing Process from 2016 to 2021
Figure 3.69: Growth Forecast of the Global Rail Composites Market ($ Million) by Manufacturing Process from 2015 to 2016
Figure 3.70 CAGR of the Global Rail Composites Market ($ Million) by Manufacturing Process from 2016 to 2021
Figure 3.71: Global Rail Composites Market (Million Pounds) by Manufacturing Process from 2016 to 2021
Figure 3.72: Growth Forecast of the Global Rail Composites Market (Million Pounds) by Manufacturing Process from 2015 to 2016
Figure 3.73: CAGR of the Global Rail Composites Market (Million Pounds) by Manufacturing Process from 2016 to 2021
Figure 3.74: Global Rail Composites Market ($ Million) Forecast by Fiber Type from 2016 to 2021
Figure 3.75: Growth Forecast of the Global Rail Composites Market ($ Million) by Fiber Type from 2015 to 2016
Figure 3.76: CAGR of the Global Rail Composites Market ($ Million) by Fiber Type from 2016 to 2021
Figure 3.77: Global Rail Composites Market (Million Pounds) Forecast by Fiber Type from 2016 to 2021
Figure 3.78: Growth Forecast of the Global Rail Composites Market (Million Pounds) by Fiber from 2015 to 2016
Figure 3.79: CAGR of the Global Rail Composites Market (Million Pounds) by Fiber Type from 2016 to 2021
Figure 3.80: Global Rail Composites Market ($ Million) Forecast by Resin Type from 2016 to 2021
Figure 3.81: Growth Forecast of the Global Rail Composites Market ($ Million) by Resin Type from 2015 to 2016
Figure 3.82: CAGR of the Global Rail Composites Market ($ Million) by Resin Type from 2016 to 2021
Figure 3.83: Global Rail Composites Market (Million Pounds) Forecast by Resin Type from 2016 to 2021
Figure 3.84: Growth Forecast of the Global Rail Composites Market (Million Pounds) by Resin Type from 2015 to 2016
Figure 3.85: CAGR of the Global Rail Composites Market (Million Pounds) by Resin Type from 2016 to 2021
Figure 3.86: Global Rail Composites Market ($ Million) Forecast by Region from 2016 to 2021
Figure 3.87: Growth Forecast of the Global Rail Composites ($ Million) by Region from 2015 to 2016
Figure 3.88: CAGR of the Global Rail Composites ($ Million) by Region from 2016 to 2021
Figure 3.89: Global Rail Composites Market (Million Pounds) Forecast by Region from 2016 to 2021
Figure 3.90: Growth Forecast of the Global Rail Composites (Million Pounds) by Region from 2015 to 2016
Figure 3.91: CAGR Forecast of the Global Rail Composites Market (Million Pounds) by Region from 2016 to 2021

Chapter 4. Competitor Analysis
Figure 4.1: Geographical Footprint of Competitors in Global Rail Composite Market
Figure 4.2: Porter's Five Forces Model for Global Rail Composites Market

Chapter 5. Growth Opportunities and Strategic Analysis
Figure 5.1: Growth Opportunities for the Global Rail Composites Market by Application
Figure 5.2: Growth Opportunities for the Global Rail Composites Market by Region
Figure 5.3: Growth Opportunities for the Global Rail Composites Market by Fiber Type
Figure 5.4: Growth Opportunities for the Global Rail Composites Market by Resin Type
Figure 5.5: Growth Opportunities for the Global Rail Composites Market by Manufacturing Process
Figure 5.6: Emerging Trends in the Global Rail Composites Industry
Figure 5.7: Strategic Initiatives by Major Competitors in 2015
Figure 5.8: Strategic Initiatives by Major Competitors in 2014
Figure 5.9: Year-over-Year Comparison of Strategic Initiatives by Major Competitors in the Global Rail Composites Market

List of Tables
Chapter 1. Executive Summary
Table 1.1: Rail Composites Market Parameters and Attributes

Chapter 2. Industry Background and Classifications
Table 2.1: Fire Performance of Phenolic Resin
Table 2.2: Performance Comparison for Phenolic Composites, Polyester Composites, and Metals
Table 2.3: Properties of Fibers and Conventional Materials
Table 2.4: Processes Used and Parts Produced by Select Manufacturers of Composites Components for the Global Rail Industry
Table 2.5: List of Interior Application
Table 2.6: List of Exterior Application

Chapter 3. Market Trends and Forecast Analysis
Table 3.1: Trends from 2010 to 2015 in Global Rail Composites Market Shipment
Table 3.2: Average Growth Rates for One, Three, and Five years in the Global Rail Composites Market in Terms of $ Shipment
Table 3.3: Market Size and Annual Growth Rates in Various Segments of the Global Rail Composites Market in Terms of Value and Volume Shipment
Table 3.4: Market Size and CAGR in Various Market Segments of Global Rail Composites Market in Terms of Value and Volume Shipment from 2010 to 2015
Table 3.5: Market Size and Annual Growth Rates in Various Segments of Global Rail Composites Market by Process in Terms of Value and Volume Shipment
Table 3.6: Market Size and CAGR in the Global Rail Composites Market by Manufacturing Process, in Terms of Value and Volume Shipment from 2010 to 2015
Table 3.7: Market Size and Annual Growth Rates in Various Segments of the Global Rail Composites Market by Fiber Type in Terms of Value and Volume Shipment
Table 3.8: Market Size and CAGR in the Global Rail Composites Market by Fiber Type in Terms of Value and Volume Shipment from 2010 to 2015
Table 3.9: Market Size and Annual Growth Rates in Various Segments of the Global Rail Composites Market by Resin Type in Terms of Value and Volume Shipment
Table 3.10: Market Size and CAGR in the Global Rail Composites Market by Resin Type, in Terms of Value and Volume Shipment from 2010 to 2015
Table 3.11: Market Size and Annual Growth Rates in Regional Markets for Rail Composite Materials in Terms of Value and Volume Shipment
Table 3.12: Market Size and CAGR in the Global Rail Composites Market by Region in Terms of Value and Volume Shipment from 210 to 2015
Table 3.13: Global Rail Composites Market Forecast From 2016 To 2021
Table 3.14: Market Size and Annual Growth Forecasts for Shipment Value in Various Market Segments of the Global Rail Composites Market from 2016 to 2021
Table 3.15: Market Size and Annual Growth Forecasts for Shipment Volume in Various Market Segments of the Global Rail Composites Market from 2016 to 2021
Table 3.16: Market Size and Annual Growth Forecasts by Manufacturing Process of the Global Rail Composites Market from 2016 to 2021
Table 3.17: Market Size and CAGR Forecast by Process of the Global Rail Composites Market from 2016 to 2021
Table 3.18: Market Size and Annual Growth Rates in the Global Rail Composites Market by Fiber Type in Terms of Value and Volume Shipment
Table 3.19: Market Size and CAGR in the Global Rail Composites Market by Fiber in Terms of Value and Volume Shipment from 2016 to 2021
Table 3.20: Market Size and Annual Growth Rates in Various Segments of Global Rail Composites Market by Resin in Terms of Value and Volume Shipment
Table 3.21: Market Size and CAGR in the Global Rail Composites Market by Resin in Terms of Value and Volume Shipment from 2016 to 2021
Table 3.22: Market Size and Annual Growth Rates in Regional Markets for Rail Composite Materials in Terms of Value and Volume Shipment
Table 3.23: Market Size and Annual Growth Rates in Regional Markets for Rail Composite Materials in Terms of Value and Volume Shipment

Chapter 4. Competitor Analysis
Table 4.1: Presence of Major Rail Composites Part Fabricators by Application
Table 4.2: Presence of Major Rail Composites Part Fabricators by Material
Table 4.3: Presence of Major Rail Composite Material Suppliers by Product Type
Table 4.5: Operational Integration of Rail Composites Part Fabricators
Table 4.6: Operational Integration of Rail Composites Material Suppliers

Chapter 5. Growth Opportunities and Strategic Analysis
Table 5.1: New Product Launches by Major Rail Composites Manufacturer from 2010 to 2015

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  • Able Manufacturing & Assembly, LLC
  • Aviation Industry Corporation of China (AVIC)
  • Exel Composites
  • Joptek Composites
  • Miles Fiberglass & Composites
  • Premier Composite Technologies
  • Rochling Engineering Plastics
  • Sintex Wausaukee Composites
  • Stratiforme Industries
  • TPI Composites
Note: Product cover images may vary from those shown
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