The Impact of COVID-19 is included in Freight Railcar Part Market Report. Buy it today to get an advantage.
Request the impact of COVID-19 on your product or industry
Freight Railcar Part Trends and Forecast
The future of the global freight railcar part market looks promising with opportunities in the OEM and aftermarket markets. The global freight railcar part market is expected to reach an estimated $14.51 billion by 2030 with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are growing demand for rail transportation in global logistics industry, rising need for parts replacements and upgrades, and expansion and modernization of rail network in the developing countries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Freight Railcar Part by Segment
The study includes a forecast for the global freight railcar part by type, distribution channel, component, and region.
Freight Railcar Part Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Autocar
• Box Car
• Center Beam
• Covered Hopper
• Coil Car
• Flat Car
• Gondola
• Open To Hopper
• Refrigerant Boxcar
• Others
Freight Railcar Part Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• OEM
• Aftermarket
Freight Railcar Part Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Gears
• Wheels, Axles and Bearings
• Side Frames
• Draft Systems
• Couplers & Yokes
• Airbrakes
• Others
Freight Railcar Part Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Freight Railcar Part Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies freight railcar part companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the freight railcar part companies profiled in this report include-
• Freightcar America
• Penn Machine
• Greenbrier
• Trinity Industries
• Wabtec
• New York Air Brake
• Progress Rail
Freight Railcar Part Market Insights
Lucintel forecasts that autocar is expected to witness the highest growth over the forecast period due to high demand for automotive transportation.
Within this market, OEM will remain the larger segment due to rising demand for high-speed freight trains across the emerging countries.
North America is expected to witness highest growth over the forecast period due to growing demand for rail transportation and rising R&D investments in the development of new material railcar parts.
Features of the Global Freight Railcar Part Market
Market Size Estimates: Freight railcar part market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Freight railcar part market size by type, distribution channel, component, and region in terms of value ($B).
Regional Analysis: Freight railcar part market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, distribution channels, components, and regions for the freight railcar part market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the freight railcar part market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the freight railcar part market size?
Answer: The global freight railcar part market is expected to reach an estimated $14.51 billion by 2030.
Q2. What is the growth forecast for freight railcar part market?
Answer: The global freight railcar part market is expected to grow with a CAGR of 6.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the freight railcar part market?
Answer: The major drivers for this market are growing demand for rail transportation in global logistics industry, rising need for parts replacements and upgrades, and expansion and modernization of rail network in the developing countries.
Q4. What are the major segments for freight railcar part market?
Answer: The future of the freight railcar part market looks promising with opportunities in the OEM and aftermarket markets.
Q5. Who are the key freight railcar part market companies?
Answer: Some of the key freight railcar part companies are as follows:
• Freightcar America
• Penn Machine
• Greenbrier
• Trinity Industries
• Wabtec
• New York Air Brake
• Progress Rail
Q6. Which freight railcar part market segment will be the largest in future?
Answer: Lucintel forecasts that autocar is expected to witness the highest growth over the forecast period due to high demand for automotive transportation.
Q7. In freight railcar part market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to growing demand for rail transportation and rising R&D investments in the development of new material railcar parts.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the freight railcar part market by type (autocar, box car, center beam, covered hopper, coil car, flat car, gondola, open to hopper, refrigerant boxcar, and others), distribution channel (OEM and aftermarket), component (gears, wheels, axles and bearings, side frames, draft systems, couplers & yokes, airbrakes, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Freight Railcar Part Market, Freight Railcar Part Market Size, Freight Railcar Part Market Growth, Freight Railcar Part Market Analysis, Freight Railcar Part Market Report, Freight Railcar Part Market Share, Freight Railcar Part Market Trends, Freight Railcar Part Market Forecast, Freight Railcar Part Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Freight Railcar Part Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Freight Railcar Part Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Freight Railcar Part Market by Type
3.3.1: Autocar
3.3.2: Box Car
3.3.3: Center Beam
3.3.4: Covered Hopper
3.3.5: Coil Car
3.3.6: Flat Car
3.3.7: Gondola
3.3.8: Open to Hopper
3.3.9: Refrigerant Boxcar
3.4: Global Freight Railcar Part Market by Distribution Channel
3.4.1: OEM
3.4.2: Aftermarket
3.5: Global Freight Railcar Part Market by Component
3.5.1: Gears
3.5.2: Wheels, Axles and Bearings
3.5.3: Side Frames
3.5.4: Draft Systems
3.5.5: Couplers & Yokes
3.5.6: Airbrakes
3.5.7: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Freight Railcar Part Market by Region
4.2: North American Freight Railcar Part Market
4.2.2: North American Freight Railcar Part Market by Distribution Channel: OEM and Aftermarket
4.3: European Freight Railcar Part Market
4.3.1: European Freight Railcar Part Market by Type: Autocar, Box Car, Center Beam, Covered Hopper, Coil Car, Flat Car, Gondola, Open to Hopper, Refrigerant Boxcar, and Others
4.3.2: European Freight Railcar Part Market by Distribution Channel: OEM and Aftermarket
4.4: APAC Freight Railcar Part Market
4.4.1: APAC Freight Railcar Part Market by Type: Autocar, Box Car, Center Beam, Covered Hopper, Coil Car, Flat Car, Gondola, Open to Hopper, Refrigerant Boxcar, and Others
4.4.2: APAC Freight Railcar Part Market by Distribution Channel: OEM and Aftermarket
4.5: ROW Freight Railcar Part Market
4.5.1: ROW Freight Railcar Part Market by Type: Autocar, Box Car, Center Beam, Covered Hopper, Coil Car, Flat Car, Gondola, Open to Hopper, Refrigerant Boxcar, and Others
4.5.2: ROW Freight Railcar Part Market by Distribution Channel: OEM and Aftermarket
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Freight Railcar Part Market by Type
6.1.2: Growth Opportunities for the Global Freight Railcar Part Market by Distribution Channel
6.1.3: Growth Opportunities for the Global Freight Railcar Part Market by Component
6.1.4: Growth Opportunities for the Global Freight Railcar Part Market by Region
6.2: Emerging Trends in the Global Freight Railcar Part Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Freight Railcar Part Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Freight Railcar Part Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: FreightCar America
7.2: Penn Machine
7.3: Greenbrier
7.4: Trinity Industries
7.5: Wabtec
7.6: New York Air Brake
7.7: Progress Rail
.
Buy full report or by chapter as follows
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
Please sign in below to get report brochure - Freight Railcar Part Market Report.