Rail Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Rail Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A2802
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Market Overview:

The global rail composites market is expected to exhibit a CAGR of 5.68% during 2022-2027. 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.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on fiber type, resin type and application.

Breakup by Fiber Type:

 

 
 

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  • Glass Fiber Composite
  • Carbon Fiber Composite
  • Others
     

Breakup by Resin Type:

  • Polyester
  • Vinyl Ester
  • Phenolic
  • Epoxy
  • Others
     

Breakup by Application:

  • Interior
  • Exterior
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • 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 2021
Historical Period 2016-2021
Forecast Period 2022-2027
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$ 2499
Five User License: US$ 3499
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?

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Rail Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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