Global Railway Lighting Market Report, History and Forecast 2017-2028
Market Analysis and Insights: Global Railway Lighting Market
Due to the COVID-19 pandemic, the global Railway Lighting market size was value at US$ 1364.33 million in 2021 and is forecast to be a readjusted size of US$ 1817.58 million by 2028 with a CAGR of 4.34% during the forecast period 2022-2028.
The global main manufacturers of Railway Lighting include Signify, OSRAM, Panasonic, Opple, Grupo Antolin, Trilux, Toshiba, Teknoware, Koito Electric Industries, Ltd., Ideal Industries(Cree), Shenzhen Heng Zhi Yuan Electrical Appliance Co, Ltd. and Sesaly etc. In 2021, the global six largest players have a share approximately 34.76% in terms of revenue.
The North America Railway Lighting market size was US$ 264.13 million in 2021, while China was about US$ 234.44 million. The proportion of the China was 17.18% in 2021 and it is predicted that the share will reach 18.66 % in 2028, trailing a CAGR of 5.50 % through the analysis period. As for the Europe Railway Lighting landscape, Germany is projected to reach US$ 119.00 million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is 5.03 % and 4.63 % respectively for the next 6-year period.
Fully considering the economic change by the COVID-19, Interior Railway Lighting accounting for 26.67% of the Railway Lighting global market in 2021, is projected to value US$ 451.12 million by 2028, growing at a revised 3.25% CAGR from 2022 to 2028. While Ordinary Train segment is altered to an 4.55% CAGR throughout this forecast period and will hold a share about 35.42% in 2028.
Global Railway Lighting Scope and Market Size
The global Railway Lighting market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Railway Lighting market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2017-2028.
By Company
Signify
OSRAM
Panasonic
Opple
Grupo Antolin
Trilux
Toshiba
Teknoware
Koito Electric Industries
Ideal Industries
Shenzhen Heng Zhi Yuan Electrical Appliance
Sesaly
LECIP Corporation
LPA Group
Segment by Type
Interior Railway Lighting
Exterior Railway Lighting
Segment by Application
Ordinary Train
High-speed Train
By Region
North America
United States
Canada
Mexico
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Brazil
Argentina
Middle East & Africa
Middle East
Africa
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook