Lucintel Forecasts Composites In The Passenger Rail Market To Reach $1 Billion By 2030

By Author: Lucintel LLC
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According to the recent study the composites in the passenger rail market is projected to reach an estimated $1 billion by 2030 at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by 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.
Browse 93 figures/charts and 95 tables in this 163-page report to understand trends, opportunities and forecast in composites in the 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).
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.
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... 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.
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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.
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, and Rochling Engineering Plastics are the major supplier in the composites in the passenger rail market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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