NEW YORK, May 7, 2018 /PRNewswire/ -- Executive Summary
Parts and accessories for Railway vehicles manufacturing companies manufacture brakes and parts for railroad rolling stock, lubrication systems, and rail laying and tamping equipment.
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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.
Manufacture of Parts & Accessories For Railway Vehicles Market Global Report 2018 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global manufacture of parts & accessories for railway vehicles market.
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Description:
Where is the largest and fastest growing market for the manufacture of parts & accessories for railway vehicles? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The manufacture of parts & accessories for railway vehicles market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider transportation manufacturing market, and compares it with other markets.
• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers all the regions, key developed countries and major emerging markets. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
• The manufacture of parts & accessories for railway vehicles market section of the report gives context. It compares the manufacture of parts & accessories for railway vehicles market with other segments of the manufacture of parts & accessories for railway vehicles market by size and growth, historic and forecast. It analyses Expenditure Per Capita, The Manufacture of Parts & Accessories For Railway Vehicles Market Indicators Comparison.
Scope
Markets Covered: Locomotives Equipment; Transit Cars Equipment; Railroad Cars Equipment; Others - Manufacture of Parts & Accessories For Railway Vehicles
Companies Mentioned: Bombardier, Siemens Mobility, GE Transportation, Alstom, CAF
Countries: Brazil, China, France, Germany, India, Italy, Japan, Spain, Russia, UK, USA and Australia.
Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East And Africa
Time series: Five years historic and forecast.
Data: Ratios of market size and growth to related markets, GDP, Expenditure Per Capita, The Manufacture of Parts & Accessories For Railway Vehicles Market Indicators Comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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