According to the recent study the composites in the passenger rail market is projected to reach an estimated $1.1 billion by 2030 from $0.8 billion in 2023, at a CAGR of 5.0% from 2023 to 2030. Growth in this market is primarily driven by development of high speed trains, mono and metro rails, as well as the increasing demand for lightweight materials with superior mechanical performance, aesthetics, and fire safety.Browse 107 figures / charts and 68 tables in this 205 -page report to understand trends, opportunities and forecast in composites in the passenger rail market by application (interior and exterior), fiber type (glass fiber, carbon fiber and others), resin type (polyester, vinyl ester, phenolic, epoxy, and others), manufacturing process (open mold, pultrusion, RTM/VARTM, SCRIMP, injection molding, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that interior will remain the largest application segment and is also expected to witness the highest growth over the forecast period due to increasing demand of composites material in rail applications for its better mechanical properties.
RTM/VARTM is expected to remain the largest process in composites part manufacturing for rail industry, supported by the low cycle time and ease of manufacturing.
Download sample by clicking oncomposites in the passenger rail market
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to expected increase in high speed train production and growing of mono and metro rail network.
JoptekOy Composites, Able Manufacturing & Assembly, LLC, Exel Composites, Miles Fiberglass & Composites, Premier Composite Technologies are the major supplier in the composites in the passenger rail market.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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