Lucintel Forecasts the Global Composites Opportunity for the Railway Application Market is expected to grow with a CAGR of 6.0% from 2024 to 2030
Lucintel Forecasts the Global Composites Opportunity for the Railway Application Market is expected to grow with a CAGR of 6.0% from 2024 to 2030
Blog Article
According to a market report by Lucintel, the future of the global composites opportunity for the railway application market looks promising with opportunities in the door, front end structure, floor, toilet module, interior panel, and seat structure markets. The global composites opportunity for the railway application market is expected to grow with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are increasingly focusing on lightweighting initiatives to improve fuel efficiency, reduce energy consumption, and enhance performance, regulatory standards and safety requirements, as well as, continuous research and development in composites materials and manufacturing processes.
A more than 150-page report to understand trends, opportunity and forecast in composites opportunity for the railway application market to 2030 by fiber type (glass fiber and carbon fiber), resin type (vinyl ester, epoxy, polyester, phenolic resin, and others), rail type (high-speed trains, rapid transit, regional/commuter trains, and locomotive), application (doors, front end structures, floor, toilet module, interior panels, seat structure, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the fiber type category, glass fiber is expected to witness the higher growth over the forecast period.
Within the application category, door is expected to witness the highest growth.
Download sample by clicking on composites opportunity for the railway application market
In terms of regions, APAC is expected to witness highest growth over the forecast period.
Owens Corning, Jushi Group, Nippon Electric Glass, CPIC, Toray Industries, Hexcel Compositess, Mitsubishi Rayon are the major suppliers in the composites opportunity for the railway application market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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