The future of the passenger rail market looks promising with opportunities in the interior and exterior market. Composites in the global passenger rail market is expected to reach an estimated $1.3 billion by 2027 with a CAGR of 4.7% from 2021 to 2027. The major drivers for the growth of this market are development of high speed trains, mono and metro rails, as well as the increasing demand for lightweight materials with superior mechanical performance, aesthetics, and fire safety.
Answer: The composites in the global passenger rail market is expected to reach an estimated $1.3 billion by 2027.
Q2. What is the growth forecast for composites in the global passenger rail market?
Answer: Composites in the global passenger rail market is expected to grow at a CAGR of 4.7% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the composites in the global passenger rail market?
Answer: The major drivers for the growth of this market are development of high speed trains, mono and metro rails, as well as the increasing demand for lightweight materials with superior mechanical performance, aesthetics, and fire safety.
Q4. What are the major applications or end use industries for composites in the global passenger rail market?
Answer: Interior and exterior are the major end uses for passenger rail.
Q5. What are the emerging trends in composites in the global passenger rail market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, includes development of green technology products and innovations guiding high performance composites for interior and exterior applications.
Q6. Who are the key composites in the global passenger rail companies?
Answer: Some of the key composites in the global passenger rail companies are as follows:
Answer: The analyst forecasts that RTM/VARTM is expected to remain the largest process in composites part manufacturing for rail industry, supported by the low cycle time and ease of manufacturing.
Q8: In composites in the global passenger rail market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this market?
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Emerging Trends in Composites in the Passenger Rail Market
Emerging trends, which have a direct impact on the dynamics of the industry, includes development of green technology products and innovations guiding high performance composites for interior and exterior applications.Composites in the Global Passenger Rail Market by Segment
The study includes trends and forecast for the composites in the global passenger rail market by application, fiber type, resin type, manufacturing process, and region as follows:Composites in the Global Passenger Rail Market by Application [Value ($M) and Volume (M lbs) shipment analysis for 2016-2027]:
- Interior
- Flooring
- Ceiling
- Wall Panel
- Toilet Module
- Seat Structures
- Others
- Exterior
- Doors
- Front End Structures/Console
- Others
Composites in the Global Passenger Rail Market by Fiber Type [Value ($M) and Volume (M lbs) shipment analysis for 2016-2027]:
- Glass Fiber
- Carbon Fiber and Others
Composites in the Global Passenger Rail Market by Resin Type [Value ($M) and Volume (M lbs) shipment analysis for 2016-2027]:
- Polyester
- Vinyl Ester
- Phenolic
- Epoxy
- Others
Composites in the Global Passenger Rail Market by Manufacturing Process [Value ($M) and Volume (M lbs) shipment analysis for 2016-2027]:
- Open Mold
- Pultrusion
- RTM/VARTM
- SCRIMP
- Injection Molding
- Others
Composites in the Global Passenger Rail Market by Region [Value ($M) and Volume (M lbs) shipment analysis for 2016-2027]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Composites in the Global Passenger Rail Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies passenger rail companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the passenger rail companies profiled in this report includes.- Joptek Oy Composites
- Able Manufacturing & Assembly, LLC
- Aviation Industry Corporation of China (AVIC)
- Sintex Wausaukee Composites
- Exel Composites
- Miles Fiberglass & Composites
- Premier Composite Technologies
- TPI Composites
- Stratiforme Industries
- Rochling Engineering Plastics
Composites in the Global Passenger Rail Market Insight
- The analyst forecasts that interior will remain the largest application segment and is also expected to witness the highest growth over the forecast period due to increasing demand of composites material in rail applications for its better mechanical properties.
- RTM/VARTM is expected to remain the largest process in composites part manufacturing for rail industry, supported by the low cycle time and ease of manufacturing.
- Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to expected increase in high speed train production and growing of mono and metro rail network.
Features of Composites in the Global Passenger Rail Market
- Market Size Estimates: Composites in the Global Passenger Rail Market size estimation in terms of value ($M) and volume (M lbs)
- Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
- Segmentation Analysis: Market size by application, fiber type, resin type, manufacturing process, and region
- Regional Analysis: Composites in the Global Passenger Rail Market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different application, fiber type, resin type, manufacturing process, and regions for the composites in the global passenger rail market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the composites in the global passenger rail market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQS
Q1. What is the composites in the global passenger rail market size?Answer: The composites in the global passenger rail market is expected to reach an estimated $1.3 billion by 2027.
Q2. What is the growth forecast for composites in the global passenger rail market?
Answer: Composites in the global passenger rail market is expected to grow at a CAGR of 4.7% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the composites in the global passenger rail market?
Answer: The major drivers for the growth of this market are development of high speed trains, mono and metro rails, as well as the increasing demand for lightweight materials with superior mechanical performance, aesthetics, and fire safety.
Q4. What are the major applications or end use industries for composites in the global passenger rail market?
Answer: Interior and exterior are the major end uses for passenger rail.
Q5. What are the emerging trends in composites in the global passenger rail market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, includes development of green technology products and innovations guiding high performance composites for interior and exterior applications.
Q6. Who are the key composites in the global passenger rail companies?
Answer: Some of the key composites in the global passenger rail companies are as follows:
- Able Manufacturing & Assembly, LLC
- Aviation Industry Corporation of China (AVIC)
- Sintex Wausaukee Composites
- Exel Composites
- Miles Fiberglass & Composites
- Premier Composite Technologies
- TPI Composites
- Stratiforme Industries
- Rochling Engineering Plastics
Answer: The analyst forecasts that RTM/VARTM is expected to remain the largest process in composites part manufacturing for rail industry, supported by the low cycle time and ease of manufacturing.
Q8: In composites in the global passenger rail market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
This report answers the following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for composites in the global passenger rail market by application (interior and exterior), fiber type (glass fiber, carbon fiber and others), resin type (polyester, vinyl ester, phenolic, epoxy, and others), manufacturing process (open mold, pultrusion, RTM/VARTM, SCRIMP, injection molding, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this market?
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Table of Contents
1. Executive Summary
2. Composites in the Global Passenger Rail Market Dynamics
3. Market Trends and Forecast Analysis from 2016 to 2027
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Joptek Oy Composites
- Able Manufacturing & Assembly, LLC
- Aviation Industry Corporation of China (AVIC)
- Sintex Wausaukee Composites
- Exel Composites
- Miles Fiberglass & Composites
- Premier Composite Technologies
- TPI Composites
- Stratiforme Industries
- Rochling Engineering Plastics
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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