Parts and accessories for Railway vehicles manufacturing companies manufacture brakes and parts for railroad rolling stock, lubrication systems, and rail laying and tamping equipment.
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. And China was the largest country accounting for $14.47 billion or 21.28% of the global parts and accessories for railway vehicles market.
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.
Companies Covered: Bombardier, Siemens Mobility, GE Transportation, Alstom, CAF
Market Segments Included: Locomotives Equipment, Transit Cars Equipment, Railroad Cars Equipment, Others - Manufacture of Parts & Accessories For Railway Vehicles
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