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 top five companies covered are CRRC, Siemens, Alstom, Bombardier and GE Transportation. CRRC was the largest company in the market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Train and Components Manufacturing Market Size
The global train and components manufacturing market was valued at around $159 billion in 2017. Asia Pacific was the largest region in the train and components manufacturing market in 2017, accounting for around 38% market share. China was the largest country in the market in 2017, accounting for around 21% market share.
Train and Components Manufacturing Market Trend
Train and components manufacturers are adopting advanced technologies in locomotives and railcars to prevent accidents, damages and delays. These improvements enable train and component manufacturers to identify and resolve glitches associated with their products. They are using sensors and detectors to detect and measure the intensity of the malfunction
Train and Components Manufacturing Market Segmentation
The train and components manufacturing industry is segmented into locomotives, wagons and other rolling stock manufacturing and parts and accessories for railway vehicles manufacturing.
Locomotives, wagons and other rolling stock manufacturing companies manufacture and/or rebuild locomotives, and locomotive frames and parts. This industry does not include manufacturing of locomotive fuel lubricating or cooling medium pumps, industrial locomotives and parts, and mining locomotives and parts.
Parts and accessories for railway vehicles manufacturing companies manufacture brakes and parts for railroad rolling stock, lubrication systems, and rail laying and tamping equipment.