Market Overview:
The global rail composites market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Rail composites refer to various synthetic materials used for enhancing flexibility in train designs and optimizing their performance. Some of the commonly used resins include polyester, phenolic, epoxy and vinyl esters. They are used to manufacture interior and exterior components of the trains, such as the ceiling, flooring, wall panels, seats, toilet modules and doors, as they offer resistance against high temperatures, moisture, corrosion, stress and fire. These materials also improve the aesthetic appeal of the compartment and minimize the energy consumption and noise and vibration levels to enhance the comfort for passengers.
Significant growth in the travel and tourism industry across the globe, along with the increasing preference for a luxurious travel experience by the passengers, represents one of the key factors creating a positive outlook for the market. Furthermore, the rising emphasis of rail manufacturers toward utilizing energy and cost-effective materials is providing a thrust to the market growth. With the escalating demand for high-speed rail (HSR), rail composites are being widely used to produce light-weight body shells, bogies, heating, ventilation and air conditioning (HVAC) systems and interior linings to minimize the overall weight of the train. Additionally, various product innovations, such as the development of alternative composite materials, such as phenolic sheet molding compounds (SMC), modified epoxy glass pre-preg and thermoplastics, are acting as other growth-inducing factors. Product manufacturers are also developing natural fiber and resin-based reinforcements that are biodegradable and sustainable alternatives to the existing composites. Other factors, including extensive research and development (R&D) activities, along with infrastructural developments, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global rail composites market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on fiber type, resin type and application.
Breakup by Fiber Type:
- Glass Fiber Composite
- Carbon Fiber Composite
- Others
Breakup by Resin Type:
- Polyester
- Vinyl Ester
- Phenolic
- Epoxy
- Others
Breakup by Application:
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 3A Composites Holding AG (Schweiter Technologies AG), AIM Altitude (AVIC International Aero-Development Corporation), Dartford Composites Ltd., FDC Composites Inc., Gurit Holding AG, Hexcel Corporation, Koninklijke Ten Cate B.V., Teijin Limited, Toray Industries Inc. and TPI Composites Inc.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2020 |
| Historical Period |
2015-2020 |
| Forecast Period |
2021-2026 |
| Units |
US$ Billion |
| Segment Coverage |
Fiber Type, Resin Type, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
3A Composites Holding AG (Schweiter Technologies AG), AIM Altitude (AVIC International Aero-Development Corporation), Dartford Composites Ltd., FDC Composites Inc., Gurit Holding AG, Hexcel Corporation, Koninklijke Ten Cate B.V., Teijin Limited, Toray Industries Inc. and TPI Composites Inc. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global rail composites market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global rail composites market?
- What are the key regional markets?
- What is the breakup of the market based on the fiber type?
- What is the breakup of the market based on the resin type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global rail composites market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Rail Composites Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Fiber Type
6.1 Glass Fiber Composite
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Carbon Fiber Composite
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Resin Type
7.1 Polyester
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Vinyl Ester
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Phenolic
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Epoxy
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Application
8.1 Interior
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Exterior
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 3A Composites Holding AG (Schweiter Technologies AG)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 AIM Altitude (AVIC International Aero-Development Corporation)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Dartford Composites Ltd.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 FDC Composites Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Gurit Holding AG
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 Hexcel Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Koninklijke Ten Cate B.V.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Teijin Limited
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Toray Industries Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 TPI Composites Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
List of Figures
Figure 1: Global: Rail Composites Market: Major Drivers and Challenges
Figure 2: Global: Rail Composites Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Rail Composites Market: Breakup by Fiber Type (in %), 2020
Figure 4: Global: Rail Composites Market: Breakup by Resin Type (in %), 2020
Figure 5: Global: Rail Composites Market: Breakup by Application (in %), 2020
Figure 6: Global: Rail Composites Market: Breakup by Region (in %), 2020
Figure 7: Global: Rail Composites Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: Global: Rail Composites (Glass Fiber Composite) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Rail Composites (Glass Fiber Composite) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Rail Composites (Carbon Fiber Composite) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11 Global: Rail Composites (Carbon Fiber Composite) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Rail Composites (Other Fiber Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Rail Composites (Other Fiber Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Rail Composites (Polyester) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Rail Composites (Polyester) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Rail Composites (Vinyl Ester) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Rail Composites (Vinyl Ester) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Rail Composites (Phenolic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Rail Composites (Phenolic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Rail Composites (Epoxy) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Rail Composites (Epoxy) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Rail Composites (Other Resin Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Rail Composites (Other Resin Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Rail Composites (Interior) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Rail Composites (Interior) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Rail Composites (Exterior) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Rail Composites (Exterior) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: North America: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: North America: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: United States: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: United States: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Canada: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Canada: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Asia Pacific: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Asia Pacific: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: China: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: China: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Japan: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Japan: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: India: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: India: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: South Korea: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: South Korea: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Australia: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Australia: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Indonesia: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Indonesia: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Others: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Others: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Europe: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Europe: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Germany: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Germany: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: France: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: France: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: United Kingdom: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: United Kingdom: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Italy: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Italy: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Spain: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Spain: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Russia: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Russia: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Others: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Others: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Latin America: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Latin America: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Brazil: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Brazil: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Mexico: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Mexico: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Others: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Others: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Middle East and Africa: Rail Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Middle East and Africa: Rail Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Global: Rail Composites Industry: SWOT Analysis
Figure 77: Global: Rail Composites Industry: Value Chain Analysis
Figure 78: Global: Rail Composites Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Rail Composites Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Rail Composites Market Forecast: Breakup by Fiber Type (in Million US$), 2021-2026
Table 3: Global: Rail Composites Market Forecast: Breakup by Resin Type (in Million US$), 2021-2026
Table 4: Global: Rail Composites Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Rail Composites Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Rail Composites Market Structure
Table 7: Global: Rail Composites Market: Key Players