Parts And Accessories For Railway Vehicles manufacturing companies manufacture brakes and parts for railroad rolling stock, lubrication systems, and rail laying and tamping equipment.
Manufacture of Parts and Accessories for Railway Vehicles Global Market Size
The global parts and accessories for railway vehicles market was valued at $68 billion in 2017. Asia Pacific was the largest geographic region accounting for $25.89 billion or 38.08% of the global market. China was the largest country accounting for $14.47 billion or 21.28% of the global parts and accessories for railway vehicles market.
Manufacture of Parts and Accessories for Railway Vehicles Global Market Trend
Train and components manufacturers are implementing both AR and VR technologies to enable assessment of the component performance 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. 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.
The companies covered are Bombardier, Siemens Mobility, GE Transportation, Alstom, and CAF.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Manufacture of Parts and Accessories for Railway Vehicles Global Market Segmentation
The manufacture of parts and accessories for railway vehicles market is segmented into Locomotives Equipment; Transit Cars Equipment; Railroad Cars Equipment; and Others - Manufacture of Parts & Accessories For Railway Vehicles.
Locomotives Equipment comprises establishments primarily engaged in manufacturing and/or rebuilding locomotives, locomotive frames and parts that provide motive power for a train. It is commonly used for transporting passengers.
Transit Cars Equipment establishments in this industry manufacture rapid transit cars and car equipment for operation on rails for freight and passenger service.
Railroad Cars Equipment establishments in this industry manufacture railroad cars and its equipment for operation on rails for freight and passenger service.
Others - Manufacture of Parts & Accessories For Railway Vehicles establishments in this industry manufacture rail layers, ballast distributors, rail tamping equipment and other railway vehicle maintenance equipment.