Composites In The Passenger Rail Market: Trends, Opportunities and Competitive Analysis
Composites in Passenger Rail Market Trends and Forecast
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 $1.3 billion by 2027 with a CAGR of 4.7% from 2021 to 2027. The major drivers for the growth of this market are development of high speed trains, mono and metro rails, as well as the increasing demand for lightweight materials with superior mechanical performance, aesthetics, and fire safety.
Emerging Trends in Composites in the Passenger Rail Market
Emerging trends, which have a direct impact on the dynamics of the industry, includes development of green technology products and innovations guiding high performance composites for interior and exterior applications.
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Composites in the Global Passenger Rail Market by Segment
The study includes trends and forecast for the composites in the global passenger rail market by application, fiber type, resin type, manufacturing process, and region as follows:
Composites in the Global Passenger Rail Market by Application [Value ($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
Glass Fiber
Carbon Fiber and Others
Composites in the Global Passenger Rail Market by Resin Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
- Polyester
- Vinyl Ester
- Phenolic
- Epoxy
- Others
- Open Mold
- Pultrusion
- RTM/VARTM
- SCRIMP
- Injection Molding
- Others
- North America
- Europe
- Asia Pacific
- The Rest of the World
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies passenger rail companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the passenger rail companies profiled in this report includes.
- Joptek Oy Composites
- Able Manufacturing & Assembly, LLC
- Aviation Industry Corporation of China (AVIC)
- Sintex Wausaukee Composites
- Exel Composites
- Miles Fiberglass & Composites
- Premier Composite Technologies
- TPI Composites
- Stratiforme Industries
- Rochling Engineering Plastics
- Lucintel forecasts that interior will remain the largest application segment and is also expected to witness the highest growth over the forecast period due to increasing demand of composites material in rail applications for its better mechanical properties.
- RTM/VARTM is expected to remain the largest process in composites part manufacturing for rail industry, supported by the low cycle time and ease of manufacturing.
- Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to expected increase in high speed train production and growing of mono and metro rail network.
- Market Size Estimates: Composites in the Global Passenger Rail Market size estimation in terms of value ($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.
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: Lucintel 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, Lucintel provides 10% Customization Without any Additional Cost.
This report answers 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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- 1. Executive Summary
- 2. Global Polyurethane Foam Market Dynamics
- 2.1: Introduction, Background, and Classifications
- 2.2: Supply Chain
- 2.3: Industry Drivers and Challenges
- 3. Market Trends and Forecast Analysis from 2016 to 2027
- 3.1: Macroeconomic Trends and Forecasts
- 3.2: Global Polyurethane Foam Market Trends and Forecast
- 3.3 Global Polyurethane Foam Market by End Use
- 3.3.1: Building and Construction
- 3.3.2: Bedding and Furniture
- 3.3.3: Automotive and Transportation
- 3.3.4: Electrical & Electronics
- 3.3.5: Footwear
- 3.3.6: Others
- 3.4: Global Polyurethane Foam Market by Product Type
- 3.4.1: Rigid Foam
- 3.4.2: Flexible Foam
- 3.4.3: Spray Foams
- 3.5: Global Polyurethane Foam Market by Density
- 3.5.1: High Density Foam
- 3.5.2: Low Density Foam
- 3.6: Global Polyurethane Foam Market by Material
- 3.6.1: Methylene Diphenyl Diisocyanate (MDI)
- 3.6.2: Toluene Diisocyanate (TDI)
- 4. Market Trends and Forecast Analysis by Region
- 4.1: Global Polyurethane Foam Market by Region
- 4.2: North American Polyurethane Foam Market
- 4.2.1: Market by Application Building and Construction, Bedding and Furniture, Automotive and Transportation, Electrical and Electronics, Footwear and Others
- 4.2.2: Market by Types of Foam: Rigid, Flexible and Spray
- 4.2.3: Market by Types of Density: High Density Foam, Low Density Foam
- 4.2.4: Market by Material: MDI and TDI Based Foam
- 4.2.5: United States Polyurethane Foam Market
- 4.2.6: Canada Polyurethane Foam Market
- 4.2.7: Mexican Polyurethane Foam Market
- 4.3: European Polyurethane Foam Market
- 4.3.1: Market by Application: Building and Construction, Bedding and Furniture, Automotive and Transportation, Electrical and Electronics, Footwear and Others
- 4.3.2: Market by Type of Foam: Rigid, Flexible and Spray
- 4.3.3: Market by Type of Density: High Density Foam, Low Density Foam
- 4.3.4: Market by Material: MDI and TDI Based Foam
- 4.3.5: Western Europe Polyurethane Foam Market
- 4.3.6: Central/Eastern Europe Polyurethane Foam Market
- 4.4: APAC Polyurethane Foam Market
- 4.4.1: Market by Application: Building and Construction, Bedding and Furniture, Automotive and Transportation, Electrical and Electronics, Footwear, and Others
- 4.4.2: Market by Type of Foam: Rigid, Flexible and Spray
- 4.4.3: Market by Type of Density: High Density Foam, Low Density Foam
- 4.4.4: Market by Material: MDI and TDI
- 4.4.5: Chinese Polyurethane Foam Market
- 4.4.6: Indian Polyurethane Foam Market
- 4.4.7: South Korean Polyurethane Foam Market
- 4.4.8: Japanese Polyurethane Foam Market
- 4.5: ROW Polyurethane Foam Market
- 4.5.1: Market by Application: Building and Construction, Bedding and Furniture, Automotive and Transportation, Electrical and Electronics, Footwear and Others
- 4.5.2: Market by Type of Foam: Rigid, Flexible, and Spray
- 4.5.3: Market by Type of Density: High Density Foam, Low Density Foam
- 4.5.4: Market by Material: MDI and TDI
- 4.5.5: Middle East/Africa Polyurethane Foam Market
- 4.5.6: South America Polyurethane Foam Market
- 5. Competitor Analysis
- 5.1: Product Portfolio Analysis
- 5.2: Market Share Analysis
- 5.3: Operational Integration
- 5.4: Geographical Reach
- 5.5: Porter’s Five Forces Analysis
- 6. Growth Opportunities and Strategic Analysis
- 6.1: Growth Opportunity Analysis
- 6.1.1: Growth Opportunities for the Global Polyurethane Foam Market by Application
- 6.1.2: Growth Opportunities for the Global Polyurethane Foam Market by Foam
- 6.1.3: Growth Opportunities for the Global Polyurethane Foam Market by Density
- 6.1.4: Growth Opportunities for the Global Polyurethane Foam Market by Region
- 6.2: Emerging Trends in the Global Polyurethane Foam Market
- 6.3: Strategic Analysis
- 6.3.1: New Product Development
- 6.3.2: Capacity Expansions
- 6.3.3: Mergers and Acquisitions
- 6.3.4: Certificate and Licensing
- 7. Company Profiles of Leading Players
- 7.1: Recticel
- 7.2: Eurofoam Group
- 7.3: Carpenter
- 7.4: Mitsui Chemical
- 7.5: Vitafoam
- 7.6: NCFI
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