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rushikesh-d · 6 months ago

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Railway Passenger Coaches Market To Witness the Highest Growth Globally in Coming Years

The report begins with an overview of the Railway Passenger Coaches Market and presents throughout its development. It provides a comprehensive analysis of all regional and key player segments providing closer insights into current market conditions and future market opportunities, along with drivers, trend segments, consumer behavior, price factors, and market performance and estimates. Forecast market information, SWOT analysis, Railway Passenger Coaches Market scenario, and feasibility study are the important aspects analyzed in this report.

The Railway Passenger Coaches Market is experiencing robust growth driven by the expanding globally. The Railway Passenger Coaches Market is poised for substantial growth as manufacturers across various industries embrace automation to enhance productivity, quality, and agility in their production processes. Railway Passenger Coaches Market leverage robotics, machine vision, and advanced control technologies to streamline assembly tasks, reduce labor costs, and minimize errors. With increasing demand for customized products, shorter product lifecycles, and labor shortages, there is a growing need for flexible and scalable automation solutions. As technology advances and automation becomes more accessible, the adoption of automated assembly systems is expected to accelerate, driving market growth and innovation in manufacturing.

The global railway passenger coaches market size was valued at USD 15.94 billion in 2022. The market is projected to grow from USD 16.48 billion in 2023 to USD 21.98 billion by 2030, exhibiting a CAGR of 4.2% during the forecast period.

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Key Strategies

Key strategies in the Railway Passenger Coaches Market revolve around optimizing production efficiency, quality, and flexibility. Integration of advanced robotics and machine vision technologies streamlines assembly processes, reducing cycle times and error rates. Customization options cater to diverse product requirements and manufacturing environments, ensuring solution scalability and adaptability. Collaboration with industry partners and automation experts fosters innovation and addresses evolving customer needs and market trends. Moreover, investment in employee training and skill development facilitates seamless integration and operation of Railway Passenger Coaches Market. By prioritizing these strategies, manufacturers can enhance competitiveness, accelerate time-to-market, and drive sustainable growth in the Railway Passenger Coaches Market.

Major Railway Passenger Coaches Market Manufacturers covered in the market report include:

Alstom (France)

CRRC Sifang Co., Ltd.(China)

Stadler Rail AG (Switzerland)

Kawasaki Heavy Industries, Ltd. (Taiwan)

Siemens AG (Germany)

Hitachi (U.K.)

SKODA TRANSPORTATION a.s. (Czech Republic)

TALGO (Spain)

TITAGARH WAGONS LIMITED (India)

Jupiter Wagons Limited (India)

Transmashholding (TMH) (Russia)

One of the key trends in this market is the increasing demand for energy-efficient and environment-friendly railway coaches. Governments and railway operators worldwide are implementing measures to lessen their carbon footprint and encourage sustainable transportation, driving the need for more efficient and eco-friendly rail vehicles.

Trends Analysis

The Railway Passenger Coaches Market is experiencing rapid expansion fueled by the manufacturing industry's pursuit of efficiency and productivity gains. Key trends include the adoption of collaborative robotics and advanced automation technologies to streamline assembly processes and reduce labor costs. With the rise of Industry 4.0 initiatives, manufacturers are investing in flexible and scalable Railway Passenger Coaches Market capable of handling diverse product portfolios. Moreover, advancements in machine vision and AI-driven quality control are enhancing production throughput and ensuring product consistency. The emphasis on sustainability and lean manufacturing principles is driving innovation in energy-efficient and eco-friendly Railway Passenger Coaches Market Solutions.

Regions Included in this Railway Passenger Coaches Market Report are as follows:

North America [U.S., Canada, Mexico]

Europe [Germany, UK, France, Italy, Rest of Europe]

Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]

South America [Brazil, Argentina, Rest of Latin America]

Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

Significant Features that are under offering and key highlights of the reports:

- Detailed overview of the Railway Passenger Coaches Market.

- Changing the Railway Passenger Coaches Market dynamics of the industry.

- In-depth market segmentation by Type, Application, etc.

- Historical, current, and projected Railway Passenger Coaches Market size in terms of volume and value.

- Recent industry trends and developments.

- Competitive landscape of the Railway Passenger Coaches Market.

- Strategies of key players and product offerings.

- Potential and niche segments/regions exhibiting promising growth.

Frequently Asked Questions (FAQs):

► What is the current market scenario?

► What was the historical demand scenario, and forecast outlook from 2024 to 2030?

► What are the key market dynamics influencing growth in the Global Railway Passenger Coaches Market?

► Who are the prominent players in the Global Railway Passenger Coaches Market?

► What is the consumer perspective in the Global Railway Passenger Coaches Market?

► What are the key demand-side and supply-side trends in the Global Railway Passenger Coaches Market?

► What are the largest and the fastest-growing geographies?

► Which segment dominated and which segment is expected to grow fastest?

► What was the COVID-19 impact on the Global Railway Passenger Coaches Market?

Table Of Contents:

1 Market Overview

1.1 Railway Passenger Coaches Market Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook

1.4.1.2 Canada Market States and Outlook

1.4.1.3 Mexico Market States and Outlook

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook

1.4.2.2 France Market States and Outlook

1.4.2.3 UK Market States and Outlook

1.4.2.4 Russia Market States and Outlook

1.4.2.5 Italy Market States and Outlook

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook

1.4.3.2 Japan Market States and Outlook

1.4.3.3 Korea Market States and Outlook

1.4.3.4 India Market States and Outlook

1.4.3.5 Southeast Asia Market States and Outlook

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook

1.4.4.2 Egypt Market States and Outlook

1.4.4.3 Saudi Arabia Market States and Outlook

1.4.4.4 South Africa Market States and Outlook

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

Continued…

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#Railway Passenger Coaches Market #Railway Passenger Coaches Market Share #Railway Passenger Coaches Market Size #Railway Passenger Coaches Market Trends #Railway Passenger Coaches Market Growth

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coachbuildersindia · 4 months ago

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The Evolution and Growth of the Indian Bus Industry

The Indian bus industry plays a crucial role in the country's transportation system, serving millions of passengers daily. As one of the most affordable and accessible modes of transport, it connects rural areas to urban centers, facilitates intercity travel, and supports the logistics of public transport within cities. The significance of the Indian bus industry cannot be overstated, especially given India’s vast geography and diverse population. In this article, we will delve into the history, development, challenges, and future of the Indian bus industry.

A Brief History of the Indian Bus Industry

The Indian bus industry has a rich history, tracing back to the early 20th century when buses began to operate in major cities like Mumbai (then Bombay) and Kolkata (then Calcutta). Over time, as industrialization picked up, the demand for reliable public transport increased, leading to the expansion of the Indian bus industry across various states. State governments began setting up their own transportation corporations to manage and regulate

Current Status of the Indian Bus Industry

Today, the Indian bus industry comprises both public and private players, offering a wide variety of services. From city buses and long-distance coaches to luxury buses and mini-buses, the industry caters to a diverse set of travelers. State-run bus services continue to dominate the market, but private bus operators have also made significant inroads, particularly in the intercity and luxury bus segments.

Types of Buses in the Indian Bus Industry

The Indian bus industry includes a wide variety of bus types to cater to different needs. City buses: These buses operate within cities, connecting residential areas to business hubs, schools, hospitals, and shopping areas.

Intercity buses: Operating between cities and towns, these buses provide affordable travel options for those who prefer road travel. Intercity buses in the Indian bus industry range from basic non-AC buses to luxury sleeper coaches.

Luxury and tourist buses: The demand for luxury buses in the Indian bus industry has grown significantly in recent years. These buses cater to tourists and business travelers who prefer comfortable and premium services.

Key Players in the Indian Bus Industry

The Indian bus industry is characterized by a mix of government-operated and private companies. Some of the prominent players include:

State-run corporations: These include the likes of MSRTC, KSRTC (Karnataka), APSRTC (Andhra Pradesh), and TNSTC, among others. They operate an extensive network of buses that cater to both intra-state and inter-state travel needs.

Private bus operators: Many private bus operators have carved out a niche for themselves in the luxury and tourist bus segments. Companies like VRL Travels, SRS Travels, and RedBus have become household names, offering online booking services and comfortable travel experiences.

Challenges Faced by the Indian Bus Industry

Despite its growth, the Indian bus industry faces several challenges that need to be addressed to ensure its continued success. Some of these challenges include:

Traffic congestion: In cities, traffic congestion is a major issue that affects the efficiency of bus services. Long delays and unpredictable travel times can deter people from using buses.

Poor infrastructure: In many parts of India, the road infrastructure is inadequate, especially in rural areas. This affects the smooth operation of buses and limits the reach of the Indian bus industry.

Competition from other modes of transport: With the expansion of the Indian Railways and the rise of affordable air travel, the Indian bus industry faces stiff competition, particularly for long-distance travel.

Environmental concerns: The environmental impact of diesel-powered buses is a growing concern. While electric buses have been introduced in some cities, the transition to greener alternatives in the Indian bus industry has been slow.

Regulation and coordination: There is a need for better regulation and coordination between state-run and private bus operators to ensure consistent service standards across the country.

The Future of the Indian Bus Industry

The Indian bus industry is at a crossroads, where it can either continue with the status quo or embrace innovation to ensure future growth. There are several trends and developments that could shape the future of the Indian bus industry:

Electric buses: Several state governments have already launched pilot projects to introduce electric buses into their fleets. These eco-friendly alternatives can help reduce the carbon footprint of the Indian bus industry.

Smart ticketing and digitalization: As India embraces digitalization, the Indian bus industry is not far behind. Several bus operators have introduced online ticketing services, GPS tracking, and real-time updates to improve the passenger experience.

Private sector growth: The involvement of private companies is likely to increase in the coming years, especially in the luxury and long-distance travel segments. With better services, competitive pricing, and the use of technology, private operators could transform the Indian bus industry.

Government initiatives: The government has launched several initiatives to improve public transportation in India. The National Electric Mobility Mission Plan (NEMMP) and the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme are aimed at promoting the use of electric vehicles, including buses. These initiatives could provide the necessary boost for the modernization of the Indian bus industry.

Conclusion

The Indian bus industry is an integral part of the country’s transport ecosystem, providing affordable and accessible travel to millions of people. Despite facing challenges like infrastructure issues and environmental concerns, the industry is poised for growth, thanks to advancements in technology and increasing private sector participation. The future of the Indian bus industry lies in its ability to adapt to changing trends and embrace sustainable practices.

As India continues to develop, the Indian bus industry will remain a critical player in ensuring that people can move efficiently and affordably across the country.

#indian bus industry

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forblogmostly · 6 months ago

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MIC Electronics Limited Receives Approval for Emergency Lighting System for Railway Coaches

MIC Electronics Limited, a company distinguished by its ISO 9001:2008 and ISO 14001:2004 certifications, is delighted to announce a major advancement in its service offerings. On July 1, 2024, the company received approval from the Ministry of Railways for its emergency lighting system designed for railway coaches. This milestone underscores MIC Electronics' commitment to innovation and excellence in the field of electronic systems.

Key Approval Details

In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations (LODR) 2015, MIC Electronics Limited shared the news of this significant approval with the BSE Limited and the National Stock Exchange of India Limited.

The company received the results of the capacity cum capability assessment against registration request ID 23647, dated April 12, 2024. The Competent Authority approved MIC Electronics' capacity and capability assessment for item ID: 2400027, which pertains to the Emergency Lighting System for EOG Type LHB AC & NAC Coaches.

This approval not only highlights the company's technical expertise but also paves the way for further contributions to the Indian Railways, enhancing safety and reliability for passengers.

Regulatory Compliance and Transparency

MIC Electronics Limited maintains a high standard of transparency and regulatory compliance. The official communication to the stock exchanges ensures that all stakeholders are informed about the company's latest achievements and regulatory milestones.

Additional Information:

Awarding Entity: Ministry of Railways, Government of India

Nature of Approval: Registration of Emergency Lighting System

Entity Type: Domestic

Promoter Interest: None of the promoters or promoter group companies have any interest in the awarding entity.

Related Party Transactions: The approval does not fall within related party transactions and is executed at arm's length.

This strategic approval from the Ministry of Railways is a testament to MIC Electronics' ongoing commitment to quality and innovation in electronic systems. The company's dedication to developing advanced solutions continues to drive its growth and success in the market.

About MIC Electronics Limited

MIC Electronics Limited, headquartered at Plot No. 192/B, Phase-II, IDA, Cherlapally, Hyderabad, Rangareddi, Telangana – 500051, is a leading provider of electronic display solutions and systems. With certifications in ISO 9001:2008 and ISO 14001:2004, the company ensures high standards of quality and environmental management in its operations.

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rajanreddy · 6 months ago

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Railway System Market driven by 4.8% CAGR to reach USD 45,192.2 Million by 2033

The Railway System Market is valued at USD 28,278.1 Million as of 2023. The market is expected to advance at a CAGR of 4.8% during the forecast period. By 2033, the market is expected to cross an estimate of USD 45,192.2 Million.

Surging urbanisation worldwide has resulted in rising disposable income. Owing to this a lot of people have started buying their own vehicles which has led to surge in road congestion. Thus, working professionals in particular have started adopting services from metro rails, electric trains, etc. This might increase the demand for railway system during the forecast period.

Furthermore, government authorities worldwide are investing mammoth amounts on railway infrastructure upgradation. This is mainly owing to surge in the freight transportation. Moreover, the usage of railways also stands in line with the adoption of renewable source of energy. There are a lot of economies which are laying emphasis on ‘Green Transportation’. This would ultimately lead to an increase in the adoption of railways, as the investors would focus on electrification of railway transportations. This would result in the reduction of greenhouse gases.

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Apart from that, even if the railways make use of fuel, the fuel consumption is way less as compared to airlines. In addition to that, the load capacity associated with railways is way higher than the airlines. Thus, the market might witness surge in the number of investors.

However, the railway system market is expected to witness renaissance in its truest sense with the application of internet of trains. Be it reliability, safety, maintenance, the internet of trains offers everything on the platter. Apart from that, it also has the ability to work in sync with AI, which would further revolutionise the market going ahead. All these factors are expected to surge the sales of railway system during the forecast period.

However, massive investment, and long time to recover the invested amount are expected to challenge the market growth.

Key Takeaways:

The railway system market is holding a valuation of USD 28,278.1 Million in 2023.

The market is expected to surge at a CAGR of 4.8% during the forecast period.

By 2033, the market might reach a valuation of USD 45,192.2 Million.

Based on the regional analysis, North America is expected to be the largest market during the forecast period.

USA market has a share of 21.8%.

Germany market has a share of 4.4%.

Japan market has a share of 5.7%.

Australia market has a share of 1.3%.

China market is expected to grow at a CAGR of 5.7%.

India Market is expected to grow at a CAGR of 7.1%.

UK market is expected to grow at a CAGR of 4.1%.

Based on the application, the passenger transportation currently has the largest market share of 64.8%.

Competitive Landscape:

The key players operating in the railway system market are investing on profitable mergers and acquisitions. Apart from that, there are also massive investments being made on the R&D. Furthermore, the key players are also appointing some of the veterans who have not only served this niche, but related niches as well. Moreover, the manufacturers are also taking important steps to work on the sustainability goals.

In December 2022, Alstom had announced that it would be supplying an additional 49 Coradia Stream trains to Renfe in Spain.

Railway System Market Segmentation

By Transit Type:

Conventional (Diesel Locomotive, Electric Locomotive, Electro-diesel Locomotive, Coaches),

Rapid (Diesel Multiple Unit, Electric Multiple Unit, Light Rail/Tram)

By Application:

Passenger Transportation,

Freight Transportation

By System Type:

Auxiliary Power System

Train Information System

Propulsion System

Train Safety System

HVAC System

On-board Vehicle Control

By Region:

North America

Latin America

Europe

South Asia

East Asia

Oceania

Middle East and Africa (MEA)

#Railway System Market

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marketsndata · 6 months ago

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Geogrid Market Size, Share and Growth Report 2031

Global geogrids market is projected to witness a CAGR of 5.7% during the forecast period 2024-2031, growing from USD 1.51 billion in 2023 to USD 2.35 billion in 2031. Geogrids are progressively benefitting in areas such as transportation, waste drainage systems, and road pathways. For instance, according to the recent data published by the Association of American Railroads, freight rail has become an integrated network of trains and trucks across the United States that substantially transports around 61 tons of essential goods per year.

The rising demand for crude oil and gas across the United States is accelerating the growth of the market. For instance, according to the recent statistics published by the Association of American Railroads, in 2022, the United States transported around 650 barrels of crude oil using country’s Class I railroads.

The geogrids market is experiencing massive growth due to the rising business of construction, pipeline projects, and erosion control in the soil solution. Geogrids comprise peculiar structures that are extensively used for reinforcement purposes and successively provide the required strength to reinforce the filling material to confine the soil particles. The newly designed geogrids are optimized with geometrical dimensions for providing maximum confinement of granular fill generating an effective stabilized layer. Severe weather conditions and challenging environment scenarios are disastrous for soil confinement and slopy areas where geogrids are more resilient to such prevailing conditions and can withstand them for a longer period. Consequently, the growing demand to build extensive rail and road networks is propelling the growth of the geogrids market.

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Transformation and Development of Long-Range Roads are Accomplished Using Geogrids

The growth and economy of any country depend on the network connectivity covering the entire region. Expressways and highways are significantly bringing every remote location to the upfront and advanced cities which requires massive road construction and its durability. The lifespan of roads and pavements depend on various unfavorable factors, traffic loads, subgrade soil conditions, etc. Geogrids are generally composed of polymers that potentially provide structural integrity by confining granular fill and uniform load distribution over surfaces. In road construction, geogrids provide remarkable tensile strength that subsequently holds the soil together, ultimately enhancing the load-carrying capacity. Companies are progressively developing advanced geogrids for reducing road construction costs, project time, and carbon emissions to meet sustainability goals. Flexible and rigid paved roads prominently require a stable concrete foundation which can be accomplished using sustainable geogrid. Hence, the overall positive market factors like long-range road connectivity are contributing to the growth of the geogrids market.

For instance, in 2022, the Biden administration cleared a huge amount of USD 550 billion to substantially upgrade various infrastructure projects, including roads, bridges, dams, etc. Data published by the International Transport Forum (ITF) progressively states that over the last decade, the European Union government has spent over USD 318 billion every year on transportation networks. In addition, in 2020, around 87.2% of inland passenger transport across the European Union was carried by traveling cars followed by buses, coaches, and trolleybuses accounting for 7.4%.

Incorporation of Geogrids for Stabilizing the Rail Track Substructure

For any country, railway infrastructure is always an economical mode of transportation, especially with the rising traffic congestion that substantially led to the increasing demand for high-speed railway lines. The construction of rail networks involves problems associated with the soil composition and prevailing environmental conditions. Geogrids are suitable materials for the construction of massive rail tracks that significantly reduce the deformation over the long network, further reducing necessary maintenance. Under immense load, the deformation and degradation response of applied geogrid is tested to assess and evaluate the performance of stabilized rail structures. Geogrids are generally placed between the existing formation and the ballast layer, significantly leading to structural integrity. Hence, the geogrids market is anticipated to experience massive growth due to the growing infrastructure of rail projects either goods carrier or human movement.

For instance, according to the Association of American Railroads, the United States has invested in freight railroads averaging over USD 23 billion every year for the past five years. The freight rail network across the United States is nearly 140,000 miles covering the entire country, comprising 49 states where the short lines complete over 44,000 route miles and Class I railroads running over 92,000 route miles. Likewise, the Federal Highway Administration estimated that the total United States freight movements will substantially increase from around 19.3 billion tons in 2020 to a huge 25.1 billion tons in 2040, which is a massive 30% rise.

Asia-Pacific is Progressively Contributing to the Growth of Geogrids Market

The higher demand for transportation in India and China is attributed to the rapid increase in the population, which has increased highway traffics, therefore leading to the development of the long-range rail network across the county. The growing infrastructure construction, including oil and thermal power plants, has also increased the traffic of heavy trucks on roads, which has led to the foundation of paved roads on soft and wet soils. Geogrids contribute significantly to building such highway roads for efficient transportation. The paved roads, highway stabilization, railway construction and ballast stabilization, and roadside drainage systems work are growing across the Asia region, which is accomplished by incorporating geogrids that provide long-term stability while simultaneously taking care of environmental concerns.

For instance, under the China Belt and Road Initiative (BRI), the investment for road projects in 2022 was USD 67.8 billion. In addition, the China State Railway Group in August 2022 progressively commissioned huge investments to enhance the railway network across the country by 2035. Moreover, China has always been involved in the list of water-scarce problems experiencing aggravated water scarcity situation. Jiangsu and Fujian provinces in China have commenced a “water-saving loan” service to encourage and implement water-saving renovation projects with an interest rate of 3.85%. Also, according to the data released by Modern Railways 2023 in China about the prospects of the railway industry development across China, with the 14th Five-year Plan (2021-2025), China will successively develop a total mileage of 165,000 km of railway lines to fulfil the the objective to transport 4.1 billion passengers and 4 billion tons of freight every year by 2025. Therefore, with such a definite investment, Asia-Pacific region is considered a prominent contributor to the growth of the global geogrids market.

Impact of COVID-19

The reduction in mobility and transportation, due to the imposed lockdown in response to the COVID-19 pandemic, the industry experienced deteriorated economic stability in 2020. The revenue for road, rail transportation, and construction industry were drastically reduced during the pandemic. The unavailability of resources and manpower for highways and roads also significantly affected the geogrids market growth. The COVID-19 pandemic had a devastating impact on various countries’ demands, along with numerous geopolitical uncertainties. The closure of the traveling network significantly affected sectors like tourism and travel, which is considered a prominent revenue-generating sector. The ease of China’s COVID-19 measures led to firm demand for commencing new rail and road projects while maintaining the existing ones. In the 2nd quarter of 2022, the supply of geogrids increased as there was a surge in the import and export activities at the global level. Consecutively, the ease in restrictions and removal of lockdown shifted the worst phase of the market to probable growth, deriving impeccable market opportunities for the geogrids market.

Report Scope

“Geogrids Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative & quantitative assessment of the current state of the global geogrids market, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 impact, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/geogrids-market

Contact

Mr. Vivek Gupta 5741 Cleveland street, Suite 120, VA beach, VA, USA 23462 Tel: +1 (757) 343–3258 Email: [email protected] Website: https://www.marketsandata.com

#Geogrid Market #Geogrid Market Size #Geogrid Market Share #Geogrid Market Growth

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techninja · 8 months ago

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Train Battery Market Trends and Insights: A Comprehensive Analysis of the Industry's Growth and Future Prospects

The train battery market is a rapidly growing industry, driven by the increasing demand for efficient and sustainable energy solutions in the rail transportation sector. The market is expected to continue its upward trend, with a projected growth rate of 4.6% from 2023 to 2030, according to a recent report by Intent Market Research. This growth is attributed to several factors, including the expanding railway networks, the development of high-speed trains, and the increasing adoption of electric and hybrid trains.

Market Size and Growth

The global train battery market was valued at USD 277 million in 2023 and is projected to reach USD 378 million by 2030, growing at a compound annual growth rate (CAGR) of 4.6% during the forecast period. The market is expected to witness significant growth, driven by the increasing demand for energy-efficient solutions in the rail sector.

Market Segmentation

The train battery market is segmented based on battery type, rolling stock type, application, and region. By battery type, the market is divided into lead-acid, nickel-cadmium, and lithium-ion batteries. Lead-acid batteries are the most widely used type, accounting for the largest market share. Nickel-cadmium batteries are used in emergency power applications, while lithium-ion batteries are used in advanced train applications.

By rolling stock type, the market is segmented into locomotives, metro, monorail, tram, freight wagons, and passenger coaches. The locomotive segment is expected to dominate the market, driven by the increasing demand for efficient and sustainable energy solutions in the rail sector.

Market Drivers

The train battery market is driven by several factors, including the expanding railway networks, the development of high-speed trains, and the increasing adoption of electric and hybrid trains. The growing demand for energy-efficient solutions in the rail sector is also driving the market growth.

Market Restraints

The train battery market faces several restraints, including the high capital costs associated with the development and implementation of advanced train battery technologies. Additionally, the market is also affected by the regulatory environment, which can impact the adoption of new technologies.

Market Opportunities

The train battery market presents several opportunities for growth, including the increasing demand for energy-efficient solutions in the rail sector, the development of high-speed trains, and the increasing adoption of electric and hybrid trains. The market also presents opportunities for the development of new battery technologies and the expansion of existing ones.

Competitive Landscape

The train battery market is highly competitive, with several major players operating in the market. The market is dominated by companies such as Hitachi Rail Limited, BorgWarner Akasol AG, and Toshiba Corporation. These companies are expanding their presence by acquiring other market participants and forming strategic alliances with other companies.

Future Prospects

The train battery market is expected to continue its upward trend, driven by the increasing demand for energy-efficient solutions in the rail sector. The market is expected to witness significant growth, driven by the increasing adoption of electric and hybrid trains, the development of high-speed trains, and the expanding railway networks.

Conclusion

The train battery market is a rapidly growing industry, driven by the increasing demand for efficient and sustainable energy solutions in the rail transportation sector. The market is expected to continue its upward trend, driven by the increasing adoption of electric and hybrid trains, the development of high-speed trains, and the expanding railway networks. The market presents several opportunities for growth, including the increasing demand for energy-efficient solutions in the rail sector and the development of new battery technologies.

#Train Battery Market #Train Battery Industry #Train Battery Trends #Train Battery Insights #Train Battery Growth #Train Battery Future Prospects

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eninrac-consulting · 1 year ago

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Railway Infrastructure Development Market in India 2019-2025 - Opportunities & Insights | Eninrac Reports

Explore upcoming opportunities in the Indian railway infrastructure development market. Insights on manufacturing locomotives and passenger coaches for growth in India's rail sector.

#Indian railway infrastructure

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ellinapark · 1 year ago

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Global Railway Air Conditioner Units Market Growing Popularity and Emerging Trends in the Industry

Latest added Railway Air Conditioner Units Market research study by AMA Research offers detailed outlook and elaborates market review till 2028. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario;

Some of the key players in the study are:

Liebherr Group (Germany)

Faiveley Transport (France)

Knorr-Bremse (Germany)

Shijiazhuang King Transportation Equipment Co., Ltd (China)

Thermo King (United States)

Hitachi (Japan)

Guangzhou Zhongche (China)

New United Group (China)

Toshiba (Japan)

Shandong Longertek Technology Co Ltd (China)

etc.

The Passengers in a railway journey are badly affected by infiltration of air unpleasantly laden with dust owing to open windows. Furthermore, in some countries, the temperature varies from 46 degrees C during summer to 2 degrees C during winter. Air conditioner unit of railway coaches is, therefore, necessary to provide the maximum comfort as well as well-being to the passengers in railway travel. In keeping with the modern trend, air conditioning of coaches for upper-class travelers and lately even for lower class travelers has been introduced by the railways of different countries.

Influencing Trend: The Rapid Upgradation of Energy Efficient Air Conditioner Units

Challenges: Heavy Weight of Air Conditioning System

Opportunities: The Rising Numbers of Air Conditioning Enabled Trains in APAC Regions

Market Growth Drivers: Rise in Demand of Public Transport by the Government

Increasing Demand for Comfort Zone While Travelling

The Growing Number of Trains Worldwide

The Global Railway Air Conditioner Units segments and Market Data Break Down by Type (AC Power, DC Power), Application (Rapid Transit Vehicles, Locomotives, Passenger Coaches)

Presented By

AMA Research & Media LLP

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priyanshisingh · 1 year ago

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Train Battery Market 2022 | Growth Strategies, Opportunity, Challenges, Rising Trends and Revenue Analysis 2030

The latest market report published by Credence Research, Inc. “Global Train Battery Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global Train battery market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 9.30% between 2023 and 2030. The market was valued at USD 0.45 billion in 2022 and is expected to reach USD 0.84 billion in 2030.

The Evolution and Significance of Battery Technology in Trains

Battery technology in trains has seen considerable advancements over the past two decades. The role of train batteries cannot be understated. Withstanding harsh conditions such as dusty environments, varying temperatures, and constant charge-discharge cycles, they've proven to be indispensable.

Train batteries serve crucial functions including locomotive starting, lighting, and powering on-board auxiliary systems. The shift from diesel engines, notorious for their high maintenance cost and harmful emissions, to batteries has promoted the electrification of railway systems.

Train Battery Market Drivers refer to the various factors that propel the growth and development of the train battery market. One significant driver is the increasing focus on sustainable transportation solutions, driven by environmental concerns and government regulations aiming to reduce carbon emissions. The adoption of electric trains powered by batteries provides an eco-friendly alternative to traditional diesel-powered locomotives, reducing greenhouse gas emissions and promoting cleaner air quality in urban areas. Another important driver is the need for reliable and efficient power sources for trains operating in remote or off-grid locations where electrification infrastructure may be limited or non-existent.

Expansive Market Segmentation

The train battery market is expansively segmented into Battery Type, Rolling Stock Type, Application, and Train Type. This segmentation has been instrumental in defining market strategies and understanding the unique requirements of each section.

Battery types include lead acid, nickel cadmium, and lithium ion. The rolling stock types encompass locomotives, metros, monorails, trams, freight wagons, and passenger coaches. Applications range from starter batteries to auxiliary batteries. Train types comprise hybrid, battery-operated, and others. This extensive segmentation ensures that every aspect of the market is catered for.

Case in Point: The Role of Allocated Budgets for Rail Development

To highlight the impact of budget allocations, we can look at the Indian scenario. In February 2021, India’s finance minister allocated a budget of $14.11 billion for its railway sector. The budget emphasized the plan for 100% electrification of the broad gauge network by December 2023.

Browse 250 pages report Train Battery Market By Battery type (Lead acid, Nickel-cadmium, Lithium Ion) By Rolling stock type (Locomotive, Metro, Monorail, Tram, Freight Wagons) -Growth, Future Prospects & Competitive Analysis, 2016 – 2030)- https://www.credenceresearch.com/report/train-battery-market

The Future of the Train Battery Market

As railway infrastructure develops and the testing of autonomous trains gains momentum, the train battery market is poised for a promising future. For instance, the Indian Railways announced plans to launch approximately 102 semi-high-speed Vande Bharat Expresses by 2024. These modernizations are expected to create ample opportunities for train automation players, thus fueling the growth of the train battery market.

Key Benefits and Opportunities for Stakeholders

The train battery market presents myriad opportunities for stakeholders. The in-depth analysis of the market segmentation, trends, key players, and application areas provide a clear understanding of the market's growth strategies. Furthermore, the rising demand for efficient, environmentally friendly rail transport systems worldwide presents significant growth potential for the train battery market. With promising CAGR projections and an increasing emphasis on sustainable transportation solutions, the train battery market looks set for a prosperous journey ahead.

The Unprecedented Impact of COVID-19 on the Railway Industry

The railway sector, like many others, has faced significant challenges due to the COVID-19 pandemic. However, despite the impact, a silver lining is emerging in the form of the rising demand for train batteries. As the world recovers and lockdown measures are eased, markets are opening up, prompting a surge in the requirement for train batteries.

Why to Buy This Report-

The report provides a qualitative as well as quantitative analysis of the global Train Battery Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.

The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.

Major nations in each region with their import/export statistics

The global Train Battery Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.

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efrost · 2 years ago

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Railway Infrastructure Market is Booming Worldwide | Gaining Revolution In Eyes of Global Exposure

A Latest intelligence report published by AMA Research with title "Global Railway Infrastructure Market Outlook to 2027. This detailed report on Railway Infrastructure Market provides a detailed overview of key factors in the Global Railway Infrastructure Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development.

Railway Infrastructure is the foundation which supports the railway transport system which connects railway stations, airports, and others public transport networks. The importance of railway infrastructure is vital in social and economic development of a country as it continues to be one of the major source of transportation. Lately, it has been observed that various countries are privatizing their railway infrastructure which in turn offer huge opportunity for companies involved in developing railway infrastructure.

Major Players in this Report Include are

ABB (Switzerland)

Akebono Brake (Japan)

Alstom (France)

Hitachi (Japan)

Kansas City Southern Railway Company (United States)

Union Pacific Railroad (United States)

BNSF Railway (United States)

Canadian Pacific Railway (Canada)

American Railcar Industries (United States)

CAF (Spain)

Canadian National Railway (Canada)

FreightCar America (United States)

GATX Corporation (United States)

Central Japan Railway (Japan)

Bombardier (Canada)

China Communications Construction (China)

China Railway Construction (China)

Delachaux (France)

East Japan Railway (Japan)

BLS Cargo AG (Switzerland)

Faiveley Transport (France)

China South Locomotive & Rolling Stock (China)

China Railway Group (China)

CSX Corporation (United States)

Guodian Nanjing Automation (China) Market Drivers: Rapid Globalization Led to Rise in Demand for Rail Networks

Growing Need to Revive the Existing Rail Infrastructure

Market Trend: Stringent Fuel Economy Norms in Developed Region

Opportunities: Growing Demand for Cleaner and Faster Mode of Transportation

Privatization of Railway in Leading Asia Pacific Countries

The Global Railway Infrastructure Market segments and Market Data Break Down by Type (Locomotive (Diesel Locomotive, and Electric Locomotive), Rapid Transit (Diesel Multiple Unit (DMU), Electric Multiple Unit (EMU), Light Rail/Tram,and Metro/Subway), Railroad Cars (Passenger Coach and Freight Wagon)), Application (High-Speed Rail, Common-Speed Rail), Infrastructure (Rail Network, New Track Investment, Maintenance Investment)

Geographically World Railway Infrastructure markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Global Railway Infrastructure markets will drive growth in the North American market over the next few years.

Presented By

AMA Research & Media LLP

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rushikesh-d · 7 months ago

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Railway Passenger Coaches Market To Witness the Highest Growth Globally in Coming Years

Get Sample PDF Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/107542

Key Strategies

Major Railway Passenger Coaches Market Manufacturers covered in the market report include:

Alstom (France)

CRRC Sifang Co., Ltd.(China)

Stadler Rail AG (Switzerland)

Kawasaki Heavy Industries, Ltd. (Taiwan)

Siemens AG (Germany)

Hitachi (U.K.)

SKODA TRANSPORTATION a.s. (Czech Republic)

TALGO (Spain)

TITAGARH WAGONS LIMITED (India)

Jupiter Wagons Limited (India)

Transmashholding (TMH) (Russia)

Trends Analysis

Regions Included in this Railway Passenger Coaches Market Report are as follows:

North America [U.S., Canada, Mexico]

Europe [Germany, UK, France, Italy, Rest of Europe]

Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]

South America [Brazil, Argentina, Rest of Latin America]

Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

Significant Features that are under offering and key highlights of the reports:

- Detailed overview of the Railway Passenger Coaches Market.

- Changing the Railway Passenger Coaches Market dynamics of the industry.

- In-depth market segmentation by Type, Application, etc.

- Historical, current, and projected Railway Passenger Coaches Market size in terms of volume and value.

- Recent industry trends and developments.

- Competitive landscape of the Railway Passenger Coaches Market.

- Strategies of key players and product offerings.

- Potential and niche segments/regions exhibiting promising growth.

Frequently Asked Questions (FAQs):

► What is the current market scenario?

► What was the historical demand scenario, and forecast outlook from 2024 to 2030?

► What are the key market dynamics influencing growth in the Global Railway Passenger Coaches Market?

► Who are the prominent players in the Global Railway Passenger Coaches Market?

► What is the consumer perspective in the Global Railway Passenger Coaches Market?

► What are the key demand-side and supply-side trends in the Global Railway Passenger Coaches Market?

► What are the largest and the fastest-growing geographies?

► Which segment dominated and which segment is expected to grow fastest?

► What was the COVID-19 impact on the Global Railway Passenger Coaches Market?

Table Of Contents:

1 Market Overview

1.1 Railway Passenger Coaches Market Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook

1.4.1.2 Canada Market States and Outlook

1.4.1.3 Mexico Market States and Outlook

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook

1.4.2.2 France Market States and Outlook

1.4.2.3 UK Market States and Outlook

1.4.2.4 Russia Market States and Outlook

1.4.2.5 Italy Market States and Outlook

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook

1.4.3.2 Japan Market States and Outlook

1.4.3.3 Korea Market States and Outlook

1.4.3.4 India Market States and Outlook

1.4.3.5 Southeast Asia Market States and Outlook

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook

1.4.4.2 Egypt Market States and Outlook

1.4.4.3 Saudi Arabia Market States and Outlook

1.4.4.4 South Africa Market States and Outlook

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

Continued…

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#Railway Passenger Coaches Market #Railway Passenger Coaches Market Share #Railway Passenger Coaches Market Size #Railway Passenger Coaches Market Trends

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researchvishal · 2 years ago

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Railway System Market Future Scenario, Key Insights, Top Companies 2033

The railway system market size is valued at US$ 28,278.1 million as of 2023. The market is expected to advance at a CAGR of 4.8% during the forecast period. By 2033, the market is expected to cross an estimate of US$ 45,192.2 million.

Key Takeaways:

The railway system market is holding a valuation of US$ 28,278.1 million in 2023.

The market is expected to surge at a CAGR of 4.8% during the forecast period.

By 2033, the market might reach a valuation of US$ 45,192.2 million.

Based on the regional analysis, North America is expected to be the largest market during the forecast period.

USA market has a share of 21.8%.

Germany market has a share of 4.4%.

Japan market has a share of 5.7%.

Australia market has a share of 1.3%.

China market is expected to grow at a CAGR of 5.7%.

India Market is expected to grow at a CAGR of 7.1%.

UK market is expected to grow at a CAGR of 4.1%.

Based on the application, the passenger transportation currently has the largest market share of 64.8%.

For more information: https://www.futuremarketinsights.com/reports/railway-system-market

However, massive investment, and long time to recover the invested amount are expected to challenge the market growth.

Thus, from the insights obtained from FMI analysts, it can be inferred that “surging urbanisation, increased government initiatives, application of internet of trains, and a number of other factors are expected to surge the market growth of railway system during the forecast period.”

Competitive Landscape:

In December 2022, Alstom had announced that it would be supplying an additional 49 Coradia Stream trains to Renfe in Spain.

Railway System Market Segmentation

By Transit Type:

Conventional (Diesel Locomotive, Electric Locomotive, Electro-diesel Locomotive, Coaches),

Rapid (Diesel Multiple Unit, Electric Multiple Unit, Light Rail/Tram)

By Application:

Passenger Transportation,

Freight Transportation

By System Type:

Auxiliary Power System

Train Information System

Propulsion System

Train Safety System

HVAC System

On-board Vehicle Control

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sanemyamen · 2 years ago

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Connected Rail Solutions Market is set for a Potential Growth Worldwide: Excellent Technology Trends with Business Analysis

Global Connected Rail Solutions Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions.

Major Players in This Report Include IBM (United States),ABB Ltd. (Switzerland),Schneider Electric SE (France),Siemens AG (Germany),Robert Bosch GmbH (Germany),Cisco Systems Inc. (United States),Nokia Corp. (Finland),General Electric Co. (United States),Hitachi Limited (Japan),Bombardier Inc. (Canada)

Connected Rail solution provides the communication path between the train, trackside and stations. The passengers are connected through WiFi in the train as well as platforms. The infrastructure of railways is also being replaced by train management system. Further, the data is bidirectional transmitted among trains and control center. The network control center acts as a CPU of train management system. Connected Rail solution includes passenger mobility, passenger information, predictive maintenance, IP video surveillance and other services. Market Drivers Increasing Need of Safety and Security in Railway System

Growing Population and Urbanization is leading to Increase in Passenger Traffic

Market Trend Increasing Implementation of Internet of Things

Development of Railway Infrastructure under Smart City Projects

Opportunities Increased Transportation through Rail Due to the Relaxations in Rail Tariffs

Government Investments on New Technology for Railways

Challenges Requirement of Large Capital Outlay May Hamper the Market in Developing Economies

Risk of Data Breach

The Connected Rail Solutions market study is being classified by Type (Train control automation, Operations intelligence and maintenance, Passenger experience, Digital operations, Others), Components (Train, Trackside, Station), Rolling Stock (Diesel Locomotive, Electric Locomotive, DMU, EMU, Light Rail/Tram Car, Subway/Metro Vehicle, Passenger Coach, Freight Wagon), Safety and Signaling System (Positive Train Control (PTC), Communication/Computer-Based Train Control (CBTC), Automated/Integrated Train Control (ATC)) Presented By

AMA Research & Media LLP

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mellowfartpost · 4 years ago

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Rolling Stocks Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2020-2025

The Global Top trends in Rolling Stocks Market report offers industry overview including definitions, applications, classifications, and chain structure. The report provides a comprehensive assessment of the studied market, including key trends, historic data, current market scenario, opportunities, growth drivers, potential roadmap, and strategies of the market players. The report further includes regional analysis to evaluate the global presence of Rolling Stocks Market.

In order to simplify the industry analysis and forecast estimation for the Rolling Stocks Market, our research report delivers well-defined market scope and systematically developed research methodology.

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ROLLING STOCKS MARKET SEGMENTATION:

By Component:

Pantograph

Axle

Wheelset

Traction Motor

Passenger Information system

Air Conditioning System

Auxiliary Power System

By Product Type:

Locomotives

Diesel Locomotives

Electric Locomotives

Electro-Diesel Locomotives

Rapid Transit

DMU

EMU

Light Rail/Tram

Subway/Metro

Monorail

Wagons

Coaches

By Application:

Passenger Transportation

Freight Transportation

By Locomotive Technology:

Conventional

Maglev

Turbochargers

Market Shares by Type of Wagon

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REGIONAL INSIGHT:

The Asia Pacific region is the largest and the fastest-growing region in the rolling stock market with growing installation of metro lines at a faster pace than other countries, increasing infrastructural developments, increase in government spending on the transportation sector, and the on-going/upcoming projects in various countries in the region etc. India and China are the major contributors in the region.

The European region is projected to report significant growth in the coming years owing to the presence of well-developed economies such as Germany, the UK, France, and Italy and the growth of the railway industry.

The North American region is expected to grow at a steady rate led by countries such as The U.S., Canada and Mexico in the region.

Key Questions Answered in the Global Rolling Stocks Industry Report

What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?

Which region would have high demand for product in the upcoming years?

What are the factors driving the growth of the market?

Which sub-market will make the most significant contribution to the market?

What are the market opportunities for existing and entry-level players?

What are various long-term and short-term strategies adopted by the market players?

FEW KEY PLAYERS IN ROLLING STOCKS MARKET:

CRRC

Alstom

Siemens

Bombardier

General Electric

Hyundai Rotem

Thales Group

Deutsche Bahn

Lamifil

Rhombergrail

Balfour Beatty

Intamin Bahntechnik

American Equipment Company

Wabtec

Ingeteam

Calamp

Urbanaut Monorail Technology

UGL

Randon

Other Players

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marketsndata · 7 months ago

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Geocells Market Size, Share and Trends forecast, 2031

Global geocells market is projected to witness a CAGR of 6.6% during the forecast period 2024-2031, growing from USD 551.2 million in 2023 to USD 919.11 million in 2031. Geocells are progressively benefitting areas like transportation, waste drainage systems, and road pathways, thereby driving market growth. According to the Association of American Railroads, freight rail has become an integrated network of trains and trucks across the United States that substantially transports around 61 tons of essential goods per American every year.

The rising demand for crude oil and gas across the United States is spurring the application of railroads, which is benefiting the market growth. In 2022, the United States transported around 650 barrels of crude oil using United States Class I railroads, as reported by the Association of American Railroads.

The geocells market is experiencing massive growth due to numerous civil engineering projects in constructing railway infrastructure, durable roads, water ports, etc. Geocells are usually comprised of 3-dimensional expandable cellular confinement systems (CCS) that are made from high-density polyethylene (HDPE) and are extensively used for essential confinement on slopes and channels. Geocells are progressively engineered for diversified applications, along with eco-friendly solutions. The problems associated with soil erosion and slope instability usually occur in road construction, parking lots, playgrounds, rail upliftment, etc. Geocells are considered an effective material for cellular confinement for benefiting projects like slope reinforcement, including plant root prevention from damage. A virtually invisible substance but still imparts enhanced durability and strength that counts its significance as an effective solution. Consequently, the growing demand to build extensive rail and road networks is propelling the growth of the geocells market.

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Need For Efficient Development of Roads and Railways Facilitating Market Demand

The growth and economy of any country depend on its network connectivity within and outside the region. Expressways and highways are significantly bringing every remote location to the upfront and advancing cities, which requires massive road construction with enhanced durability. The lifespan of roads and pavements depends on various factors, such as traffic loads, subgrade soil conditions, etc. Geocell HDPE materials are ultrasonically welded in honeycomb configuration and possess high strength that successively provides solutions to road and rail construction. In road construction, geocells provide remarkable tensile strength that subsequently holds the soil together, ultimately enhancing the load-carrying capacity. Companies are progressively developing advanced geocells for reducing road construction costs, providing weak soil reinforcement, along soil retention on steep slopes involved in rail embankments. Geocells are specifically designed as lightweight flexible materials that also improve installation costs and specifications. Hence, the overall positive market factors like long-range road connectivity are contributing to the growth of the geocells market.

For instance, the Biden administration has implemented a USD 550 billion plan to substantially upgrade various infrastructure projects, including roads, bridges, dams, etc. In addition, according to the data published by the International Transport Forum (ITF), over the last decade, the European Union government has spent over USD 318 billion every year on transportation networks. In 2020, around 87.2% of inland passenger transport across the European Union was carried by traveling cars, followed by buses, coaches, and trolleybuses, which account for 7.4%. Also, according to the Association of American Railroads, the United States has invested in freight railroads averaging over USD 23 billion every year for the past five years. The freight rail network across the United States is nearly 140,000 miles, covering the entire country comprising 49 states, where the short lines complete over 44,000 route miles and Class I railroads run over 92,000 route miles.

Progressive Infrastructure Development with Geocells

Civil engineering projects are an integral part of the development of a nation, where significant contributions can be recognized in enhancing the country’s GDP. The weak soil configuration successively leads to the deterioration of the surface, which affects the under-construction steep slopes on rail and highway embankments. Geocells are configured with HDPE cells that retain the soil-filled material, along with slope reinforcement, tree root protection, and concrete shuttering. The incorporated cell walls develop tensile strength, which acts as mini weirs that subsequently reduce runoff velocity and ultimately soil loss. Specific configurations of geocells in the horizontal layers can successfully provide earth retaining walls, developing significant structures for numerous constructions works. Perforated geocells provide a proper drainage system while restricting hydrostatic gradient development and ensuring a sufficient supply of water throughout the uniform distribution. Hence, the geocells market is anticipated to experience massive growth due to the increasing requirements of building wall strength for prominent construction projects.

The Federal Highway Administration estimated that the total United States freight movements will substantially increase from around 19.3 billion tons in 2020 to 25.1 billion tons in 2040, which is a massive 30% rise. In 2022, under Global Water Partnership (GPW), the management was strictly focused on incorporating 2020-2025 strategy plans where the investment is added around USD 368.86 million. In 2022, GPW encouraged the mobilization of USD 1.5 million for Southern African Development Community (SADC) countries under the GCP Project Preparation Facility. United States Agency for International Development (USAID) will closely work with partnered countries under the five-year (2022-2027) plan to directly benefit 22 million people with sustainable sanitation services and significantly allot USD 1 billion for financing water security, resilient watersheds, etc.

Asia-Pacific is Progressively Contributing to the Market Growth

The population explosion of India and China has consequently led to a higher demand for transportation, which, in turn, has increased highway traffic that has led to the development of a long-range rail network across the county accounting for intra and inter-country levels. The growing infrastructure construction, including oil and thermal power plants, has increased the traffic of heavy trucks on roads, further basing the foundation of paved roads on soft and wet soils. Geocells contribute to building such highway roads for efficient transportation. Activities, such as paved roads, highway stabilization railway construction ballast stabilization, and roadside drainage systems work, are growing across the Asia region, which is accomplished by incorporating geocells for long-term stability, while simultaneously taking care of environmental concerns.

For instance, under the China Belt and Road Initiative (BRI), the investment for road projects in 2022 was USD 67.8 billion. China State Railway Group in August 2022, progressively commissioned huge investments to enhance the railway network across the country by 2035. Furthermore, China has always been involved in the list of water-scarce problems experiencing aggravated water scarcity situation. Jiangsu and Fujian provinces in China have commenced a “water-saving loan” service to encourage and implement water-saving renovation projects with an interest rate of 3.85%. Data released by Modern Railways 2023 in China states the prospects of the railway industry development across China. According to the 14th Five-year Plan (2021-2025), China will successively develop a total mileage of 165,000 km of railway lines to transport 4.1 billion passengers and 4 billion tons of freight every year by 2025. Therefore, with such a definite investment, the Asia-Pacific region is considered a prominent contributor to the growth of the geocells market.

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Future Market Scenario (2024 – 2031F)

Development of essential design consisting of geocells will subsequently lead to more advanced pavement construction.

Road construction will be more environmentally friendly, as the geocell can be combined with locally available inferior infill, and such specific configurations can successfully provide earth retaining walls for developing significant structures.

The rapid implementation of geocells will significantly affect the cost structure of construction materials in the future across different sectors.

Middle East and Africa will witness faster implementation of geocells.

Report Scope

“Geocells Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the global geocells market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, future market scenario, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/geocells-market

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Mr. Vivek Gupta 5741 Cleveland street, Suite 120, VA beach, VA, USA 23462 Tel: +1 (757) 343–3258 Email: [email protected] Website: https://www.marketsandata.com

#Geocells Market #Geocells Market Size #Geocells Market Share #Geocells Market Trends

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latestmarketblogupdates · 2 years ago

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Connected Rail Market - Forecast 2022 - 2027

Connected Rail Market Overview

The Connected Rail market size is forecast to reach $115.2 billion by 2027, growing at a CAGR of 5.8% from 2022 to 2027. Increasing deployment of advanced technologies like IoT in railway industry for serving applications in train tracking, automated fare collection system, passenger information system and so on, rising passenger traffic, as well as increased emphasis on installation of smart railway systems, have been driving the growth of connected rail industry. With adoption of wireless connectivity, ethernet switches and digital signage within the rail industry, the need for offering modernized and optimized passenger experiences have been also catering to the market demand for connected rail systems. In addition, the growing adoption of communication-based train control for automating traffic management and infrastructure control along with governmental initiatives towards increasing rail connectivity and operational efficiency of train operations is assisting its market growth. Such factors are set to accelerate the growth of connected rail market in the long run.

Report Coverage

The report: “Connected Rail Market Outlook – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Connected Rail Market industry.

By Type: Passenger Mobility (Wi-Fi Devices, On Board Entertainment), Passenger Information System (Information Announcement System, Rail Display Systems), IP Video Surveillance, Automated Fare Collection System, Train tracking and Monitoring System, Predictive Maintenance, Freight Management System (Freight Operation Management, Freight Tracking) and Others By Signalling System: Positive Train Control (PTC), Automated/Integrated Train Control (ATC) and Communication/Computer Based Train Control (CBTC) By Rolling stock: Diesel Locomotive, Electric Locomotive, DMU (Diesel Multiple Unit), EMU (Electric Multiple Unit), Light Rail/Tram Car, Subway/Metro Vehicle, Passenger Coach and Freight Wagon. By Geography: North America (U.S, Canada, Mexico), Europe (U.K, Germany, France, Italy, Spain, Others), APAC (China, Japan India, South Korea, Australia, Others), South America (Brazil, Argentina, Others), RoW (Middle East, Africa)

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Key Takeaways

Passenger Information System is analyzed to grow with the highest CAGR in the connected rail market during the forecast period 2022-2027, due to rising emphasis on providing real-time transit information to passengers, shift towards smart public transportation, and so on. Connected Rail for Freight Wagons is analyzed to witness the fastest growth during 2022-2027, owing to government mandates for increasing last-mile trade connectivity for trade along with significant investments on logistic infrastructures. Connected rail Market in North America is anticipated to grow during the forecast period 2022-2027 owing to the rising investment towards digital transformation of railway infrastructures, growing emphasis on R& D activities on connected rail solutions and so on. Increasing deployment of advanced technologies like IoT in railway industry along with government initiatives towards increasing rail connectivity and operational efficiency of train operations is analyzed to significantly drive the market growth of connected rail during the forecast period 2022-2027.

Connected Rail Market Segment Analysis- By Type

Passenger Information System is analyzed to grow with the highest CAGR of 7.1% in the Connected Rail Market during the forecast period 2022-2027. Growing emphasis by rail authorities towards providing real-time transit information for passengers, shift towards smart public transportation, along with increased efforts on improving passenger experience have been attributing to the market growth. Increasing R&D activities towards passenger information systems, growing adoption of integrated passenger information systems by railway operators, alongside significant demand for trains offering live arrival, destination and path crossed related information can also fuel the market growth forward. In January 2022, Siemens Mobility in collaboration with a Vienna based public transit network operator, Wiener Linien had revealed about the launch of an innovative passenger information and guidance system, for the Vienna metro system. This was meant to provide dynamic as well as visual presentation of information in the metro car, thus ensuring easier and more convenient mass transit within the city. Such factors are set to accelerate the market demand towards passenger information system in the long run.

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Connected Rail Market Segment Analysis- By Rolling stock

Freight Wagon is analyzed to witness the fastest growth with a CAGR of 6.3% in the Connected Rail market during 2022-2027. Government mandates for increasing last-mile trade connectivity, along with rising number of investments towards expanding rail networks for logistic operations have been attributing to its market growth. Additionally, growing demand for cheaper modes of transport like railways for supply chain activities alongside governmental initiatives to support railways through free trade agreements can also cater to the market demand for connected rail. Moreover, rising construction or upgradation projects related to freight infrastructure, as well as increased integration of wireless technologies within freight wagons to ensure real-time tracking and monitoring, will further drive the market growth forward. In February 2022, Indian Railways had revealed its plan on equipping the rolling stock of freight wagons with GPS, for monitoring their real-time movement as well as provide information to the parties booking the wagons. Furthermore, the railways announced that around 600 crore will be allocated for this project completion, with plans of system installation only in the wagons being used on the dedicated freight corridors during the initial phase. Such factors are set to accelerate the market demand for freight wagons having connected rail capabilities in the long run.

Connected Rail Market Segment Analysis- By Geography

North America region dominated the global connected rail market with a share of around 37% in 2021, attributed to rising investment towards digital transformation of railway infrastructures, growing emphasis on R& D activities on connected rail solutions and so on. In addition to this, governmental regulations or initiatives towards ensuring passenger safety, growing adoption of rail transport, as well as significant focus of railway authorities to provide advanced and modernized passenger services will drive the market forward. Moreover, increasing utilization of advanced technologies like internet of things (IoT), artificial intelligence (AI) and many others to conduct predictive maintenance, rising rail fatalities, shift towards smart railways, growing investment on modernizing railway infrastructures overtime can also assist the market growth in the region. In May 2022, Slalom and Kawasaki Heavy Industries have collaborated in order to jointly develop a rail track maintenance support service, starting with deployment in the North American markets. This is meant to support safe as well as secure operation of rail mobility through leveraging advanced IoT, machine learning and AI capabilities for providing value-added services to freight rail operators. Such factors can be considered essential in driving the market growth of connected rail within North American region.

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Connected Rail Market Drivers

Increasing deployment of advanced technologies like IoT in railway industry is positively impacting the market growth of connected rail:

Increasing deployment of advanced technologies like IoT in railway industry can be considered as a major factor driving the market growth of connected rail. Adoption of IoT sensors helps in increasing operational efficiency, reducing congestion as well as enhance predictive or preventive maintenance services, thus impacting its market growth. With the rapid rise in accidents or fatalities in railway transport, the need to gain real-time insights regarding rail lines, weather conditions, and so on, have become highly essential. Factors like growing emphasis on data analytics by train operators, increasing need for improving mobility, high usage of telemetry systems and so on have been attributing to the market growth. In the recent years passenger rail services in Japan have become more efficient spanning around 27,000 km. With the integration of IoT in railways, Japan have emerged as one of the most utilized, punctual and least subsidized railway circuit across the world. In November 2020, Bombardier Rail Control Solutions announced about the launch of a digital service, named EBI Sense, capable of delivering predictive maintenance for railway signalling. This service leverages IoT, cloud and machine learning for converting asset performance data into maintenance data through wireless sensors installed on railways, thus making it an ideal choice for widely distributed rail systems. Such factors are set to accelerate the market growth of connected rail market in the long run.

Government initiatives towards increasing rail connectivity and operational efficiency of train operations will drive the market forward:

Government initiatives towards increasing rail connectivity and operational efficiency of train operations can also be considered as one of the prime factors boosting the growth of connected rail market. Governmental efforts towards improving interstate or intrastate railway transportation facilities, significant funding or investment towards utilization of advanced technologies for enhancing railway digitalization, as well as increased emphasis on conducting proper monitoring and inspection of railway tracks have been driving the market growth. Additionally, the growing installation of Wifi, CCTV cameras, and so on for improving rail infrastructures, modernization of existing railway facilities with digital technologies, and many others can further cater to its market growth. In June 2021, Indian Railways had revealed that 6001 railway stations have been provided Wifi facility under the government’s Wifi programme. Additionally, the Railway Ministry had further announced the extension of its Wifi facility for more 102 stations in the coming time as a part of connecting passengers as well as general public through digital systems. In April 2022, Etihad Rail has revealed about completion of construction of 264km of railway link between Abu Dhabi and Dubai. The network is 75% of stage 2 of the UAE national rail network, making it one of the largest infrastructure projects in the region. These factors can be considered highly essential in boosting the market growth of connected rail overtime.

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Connected Rail Market Challenges

Security and data privacy concerns associated with connected rail is hampering the market growth:

Data safety and security threats associated with the connected rail act as a major factor restraining the market growth towards connected rail. Sensors, GPS systems and many other connectivity devices have been highly utilized within railways, making it vulnerable to cyberattacks, causing potential threat to passenger security and privacy. Through dependency on connected technology, there is access to passengers' data, which in turn can impact passengers' safety, alongside contributing to accidents, through unauthorized driving access. In a move towards protecting passenger personal information, varied governmental authorities have mandated the need for system operators in public transit to meet cybersecurity-imposed regulations. Due to the rising complexities of cybercrimes related to data hacking, frauds and so on, the demand towards connected rail solutions is advancing at a slower pace. In July 2021, UK’s Northern Railway had revealed about facing a ransomware attack on its self-ticketing terminals, thus making the system turn offline. However, the British government further stated about working with the system supplier to investigate the situation and mitigate the issue at the earliest. These factors have been eventually hampering the market growth towards connected rail.

Connected Rail Market Landscape Product launches, acquisitions and R&D activities are key strategies adopted by players in the Connected Rail Market. The Connected Rail Market top 10 companies include:

Huawei Technologies Co. Ltd. Siemens AG Hitachi Limited Wabtec Corporation Trimble, Inc. Robert Bosch GmbH Cisco Systems, Inc. Nokia Corporation Atos Corporation IBM Corporation

Recent Developments

In December 2021, Siemens AG and VGF worked together to develop Digital Train Control System. The traditional train control system used in metro and monorail circuits is expected to be replaced by this technology. This system is being developed to reduce traffic, capacity enhancement and efficiency of train routes. In November 2021, Robert Bosch GmbH launched an innovative driver assistance system for city rail transit that will help in reducing the chances of accidents due to human or technical error by issuing a signal to the driver in the event of a possible accident. If the driver fails to intervene the system will automatically brake until it comes to a complete stop. In September 2021, Hitachi launched the PTC system to help automate product development processes, boost product innovation, and reduce train delivery times. This launch will also help in reducing the corporation's control costs and easing the manufacturing process.

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