Train and Components Manufacturing Market Global Briefing 2018

Train and Components Manufacturing Market Global Briefing 2018
Starting Price : $ 1000.00 | Pages : 40 | Published : January 2018

SKU CODE : 2810 | Format :

The train and components manufacturing industry comprises establishments manufacturing and rebuilding, gauges, frames and locomotives parts and railroad cars. This industry also includes companies manufacturing rapid transit cars and special-purpose self-propelled railroad equipment, such as rail layers, ballast distributors, rail-tamping equipment and other railway track maintenance equipment. This market does not include railway infrastructure products such as rail tracks, rail anchors and rail braces.

The global train and components manufacturing market was estimated to be around $155 billion as of 2017. The global train and components manufacturing made up around 2% of the overall transportation manufacturing market in 2017. The train and components manufacturing market was the smallest market in the global transportation manufacturing market in 2017.

Augmented Reality (AR) and Virtual Reality (VR) Technology Adoption
Train and components manufacturers are implementing both AR and VR technologies to enable train component manufacturing companies to assess the performance of components and identify and minimize the defects faster, thereby enabling manufacturers to reduce operational costs. While AR is a real-time integration of digital information with the user's environment, VR is a three-dimensional, computer generated environment that can be explored and interacted with.  ,  Both these technologies facilitate train and components manufacturers to accelerate and optimize their production, and minimize costs. For instance, in 2016, transport company Keolis Commuter Services launched smart glasses that use AR technology to link field staff at maintenance site and technicians at headquarters. This solution transmits images between two points via glasses to reduce maintenance time and costs. Similarly, Bombardier, a manufacturer of trains and aircrafts, uses VR technology to create a 3D model of its rail components and virtually test efficiency and performance of the component.

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