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Train Lighting Market by Technology, Position, Rolling Stock, Application, Component And Region - Global Forecast to 2025

Train Lighting Market: Global Forecast until 2025

  • March 2018
  • 155 pages
  • ID: 5370330
In this report:
Asia Oceania is expected to have the largest market, in terms of volume, and is projected to reach ##,##.## thousand units by 2025 from an estimated ##,##.## thousand units in 2017, at a CAGR of ##.##% during the forecast period.
Asia Oceania is expected to be the largest market, in terms of volume, and is projected to reach ##,##.## thousand units by 2025 from an estimated ##,##.## thousand units in 2017, at a CAGR of ##.##% during the forecast period.

Summary

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Growing demand for comfort & luxury features in rolling stock interiors, government mandates for train lighting, and growth in railway projects including metro train, high-speed train, and refurbished train to boost the overall train lighting market

The train lighting market was estimated at $330.80M in 2017 and is projected to extend $370.80M by 2025, increasing at a compound annual growth rate (CAGR) of 1.44% during the forecast horizon. The main driving factors are the government mandates on lighting applications and infrastructural development for rail projects. These projects will rise the rolling stock use and hence the lighting demand. Nevertheless, the limited demand for the rolling stock and government interventions in main countries are identified as the main key factors hindering the increase of train lighting market.

Main lights segment of the Train lighting market is expected to show the quickest rise in terms of value importance

Main lights segment is expected to grow at the quickest Compound annual growth rate during the estimate period between 2017 and 2022.The rise is due to the rise in the industry demand for rolling stock across the countries.

The main lights are mandated by the government to be installed in every rolling stock.

• By technology, LED lights are projected to have the biggest market share in train lighting market

LED technology is forecasted to have the biggest share during the outlook period between 2017 and 2022.Railway associations around the world are installing LED lights in trains as a result of its energy saving and environmental friendly benefits.

Also, the LEDs are profoundly used in rolling stock including metros DMU, EMU, and light rail.With the growth in demand for rolling stock, the industry for LED lights is also estimated to growth.

The LEDs are also used in high-speed trains and the upcoming projects including hyperloop as they are efficient in energy saving.

Asia Oceania and EU to lead the train lighting market

Asia Oceania and Europe (EU) are forecasted to dominate the train lighting market during the estimate period.While Asia Oceania is intended to be the biggest market, EU is forecasted to be the quickest increasing sector during the outlook period.

The Asia Oceania area comprises of emerging economies including China and India (IN) together with developed nations including Japan.The rail networks of China and India (IN) are among the biggest rail networks in the globe.

Generally, passenger trains are the primarily used mode of transportation in India (IN), China (CN), and South Korea (KR); because, high-speed rail and metro train are the most preferred modes of transportation in Japan (JP). Due to the rise in usage of various types of rolling stock the lighting requirement differs which has propelled the market rise in this area.

The market increase in Europe (EU) can be accredited to the availability of state-of-the-art technology, the presence of main OEMs, and rise in usage of high speed trains which will ultimately rise the application of train lights.

The report includes industry insights specified by different market experts. The break-up of the primaries is like:

• By Company category: Tier-1 - 70.0 percent, Tier-2 - 20.0 percent, and Train Operators/Original equipment manufacturers - 10.0 percent

• By Description: D-suite - 60.0 percent, C-suite - 25 % Other- 15.0 percent

• By Area: Asia Oceania - 35.0 percent, North America (NA) - 30.0 percent, EU - 20.0 percent, and rest of the world - 15.0 percent

Note: Tier 1 firms are lighting manufacturers, while Tier 2 are processed material suppliers and raw material suppliers

Note: Others includes managers and R&D engineers

Note: The company tiers are based on the value chain; the revenue of the company has been not considered

The main companies decribed in the market research are as Toshiba, General Electric, Hitachi, Koito, Federal-Mogul, Osram, Grupo Antolin, Dräxlmaier, and Teknoware.

Segment Research

The train lighting market is broken down By Rolling Stock Type (Diesel Locomotive, DMU, Electric Locomotive, EMU, Metro, Light Rail/Trams/Monorail, Passenger Coaches, Freight Wagon), By Position, By Application (Cabin Lights, Door Lights, Emergency Lighting Systems, Reading Lights, Toilet Lights, Train Headlights, Train Indicator Lights, Train Led Spotlights, Train Main Lights, Marker Lights, Vestibule Lights, Other Train Lights), By Technology (Halogen, Xenon/HID, Fluorescent, LED), By Component (Alternator, Battery, Rectifier), By Area (Asia Oceania (China (CN), India (IN), Japan (JP), South Korea (KR)), Europe (EU) (Germany (DE), France (FR), United Kingdom), North America continent (Canada (CA), Mexico (MX), US), RoW.

Why Purchasing This Study Can Help You:

This industry report offers business insights with reference to the following points:

• Market Size, by technology: The industry report affords detailed market sizing and forecast up to 10 years (2025), by technology including Halogen, Xenon/HID, Fluorescent, and LED. The market sizing for technology is covered for all main countries; because, application chapter is covered at regional level.

• The report affords lighting application required for rolling stock at regional level.

• The report also includes the sector by technology required for each application used for distinct rolling stock at country level

• Market Development: The study offers highlighted information about profitable emerging sectors for train lighting across localities.

• Product Development/Innovative products: The analysis contributes in-depth understanding into Research&development activities, up-on-coming technologies, and recent product launches in the train lighting market.

• industry diversification: The market research affords exhaustive information about untapped sectors, market investments, recent products, and recent evolutions in the train lighting market.

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