Global Train And Components Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Train And Components Market Report by The Business Research Company covers train and components market drivers and restraints, train and components market size, major players, and the impact of COVID-19 on the train and components market.
The train and components market consists of sales of trains and components and related services by entities (organizations, sole traders and partnerships) that produce and rebuild locomotives, locomotive frames and parts, railroad, street, and rapid transit cars and car equipment for operation on rails for freight and passenger service, and/or rail layers, ballast distributors, rail tamping equipment and other railway track maintenance equipment.
Economic growth and a rapidly growing urban population are expected to increase the demand for new train and components manufacturing during the forecast period. Urbanization increases the demand for luxurious items among the population.
The global train and components market is expected to grow from $1.97 trillion in 2020 to $2.10 trillion in 2021 at a compound annual growth rate (CAGR) of 6.%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.86 trillion in 2025 at a CAGR of 8%.
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Some train and components market trends include locomotive parts manufacturers using nose suspension drivers as they reduce the shock loads due to tensile coupling between motor shaft and axle. Nose suspension drive is a mechanism used in electric railcars, which supports half of the weight of the traction motor by wheel axle made of metal and the rest by a bogie frame. The electric motor when integrated with nose mounted traction motor reduces the shock and vibrations caused due to irregularity in the track.
Global train and components market segments include:
By Type: Parts & Accessories For Railway Vehicles, Locomotives, Wagons, & Other Rolling Stock.
Subsegments Covered: Train Motors, Train Wheels, Train Doors, Train Bogies, Train Brake System, Other Parts & Accessories For Railway Vehicles.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe accounts for the largest global train and components market share.
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The Train And Components Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides train and components market overviews, analyses and forecasts market size, share, train and components market players, train and components market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The train and components market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Train And Components Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: CRRC, Siemens, Alstom, Bombardier, GE Transportation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Train And Components Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Train And Components Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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