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Composites in Passenger Rail Market Trends and Forecast
The future of the passenger rail market looks promising with opportunities in the interior and exterior market. Composites in the global passenger rail market is expected to reach an estimated $1.3 billion by 2027 with a CAGR of 4.7% from 2021 to 2027.  The major drivers for the growth of this market are development of high speed trains, mono and metro rails, as well as the increasing demand for lightweight materials with superior mechanical performance, aesthetics, and fire safety.
Composites in Passenger Rail Market by Application, Fiber Type, Resin Type, and Manufacturing Process
Emerging Trends in Composites in the Passenger Rail Market
Emerging trends, which have a direct impact on the dynamics of the industry, includes development of green technology products and innovations guiding high performance composites for interior and exterior applications.
A total of 93 figures / charts and 95 tables are provided in this 163-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the passenger rail market report, please download the report brochure.
Composites in the Global Passenger Rail Market by Segments
Composites in the Global Passenger Rail Market by Segment
The study includes trends and forecast for the composites in the global passenger rail market by application, fiber type, resin type, manufacturing process, and region as follows:
Composites in the Global Passenger Rail Market by Application [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
  • Interior
    • Flooring
    • Ceiling
    • Wall Panel
    • Toilet Module
    • Seat Structures
    • Others
  • Exterior
    • Doors
    • Front End Structures/Console
    • Others
Composites in the Global Passenger Rail Market by Fiber Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
Glass Fiber
Carbon Fiber and Others
Composites in the Global Passenger Rail Market by Resin Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]: Composites in the Global Passenger Rail Market by Manufacturing Process [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
  • Open Mold
  • Pultrusion
  • RTM/VARTM
  • SCRIMP
  • Injection Molding
  • Others
Composites in the Global Passenger Rail Market by Region [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World
List of Composites in the Global Passenger Rail 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 passenger rail companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the passenger rail companies profiled in this report includes. Composites in the Global Passenger Rail Market Insight
  • Lucintel forecasts that interior will remain the largest application segment and is also expected to witness the highest growth over the forecast period due to increasing demand of composites material in rail applications for its better mechanical properties.
  • RTM/VARTM is expected to remain the largest process in composites part manufacturing for rail industry, supported by the low cycle time and ease of manufacturing.
  • Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to expected increase in high speed train production and growing of mono and metro rail network.
Features of Composites in the Global Passenger Rail Market
  • Market Size Estimates: Composites in the Global Passenger Rail Market size estimation in terms of value ($M) and volume (M lbs)
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Market size by application, fiber type, resin type, manufacturing process, and region
  • Regional Analysis: Composites in the Global Passenger Rail Market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different application, fiber type, resin type, manufacturing process, and regions for the composites in the global passenger rail market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the composites in the global passenger rail market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the composites in the global passenger rail market size?
Answer: The composites in the global passenger rail market is expected to reach an estimated $1.3 billion by 2027.         
Q2. What is the growth forecast for composites in the global passenger rail market?
Answer: Composites in the global passenger rail market is expected to grow at a CAGR of 4.7% from 2021 to 2027.         
Q3. What are the major drivers influencing the growth of the composites in the global passenger rail market?
Answer: The major drivers for the growth of this market are development of high speed trains, mono and metro rails, as well as the increasing demand for lightweight materials with superior mechanical performance, aesthetics, and fire safety.  
Q4. What are the major applications or end use industries for composites in the global passenger rail market?
Answer: Interior and exterior are the major end uses for passenger rail.        
Q5. What are the emerging trends in composites in the global passenger rail market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, includes development of green technology products and innovations guiding high performance composites for interior and exterior applications.
Q6. Who are the key composites in the global passenger rail companies?
Answer: Some of the key composites in the global passenger rail companies are as follows:
  • Able Manufacturing & Assembly, LLC
  • Aviation Industry Corporation of China (AVIC)
  • Sintex Wausaukee Composites
  • Exel Composites
  • Miles Fiberglass & Composites
  • Premier Composite Technologies
  • TPI Composites
  • Stratiforme Industries
  • Rochling Engineering Plastics
Q7.Which composites in the global passenger rail manufacturing process segment will be the largest in future?
Answer: Lucintel forecasts that RTM/VARTM is expected to remain the largest process in composites part manufacturing for rail industry, supported by the low cycle time and ease of manufacturing.
Q8: In composites in the global passenger rail market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years  
Q9. 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 potential, high growth opportunities for composites in the global passenger rail market by application (interior and exterior), fiber type (glass fiber, carbon fiber and others), resin type (polyester, vinyl ester, phenolic, epoxy, and others), manufacturing process (open mold, pultrusion, RTM/VARTM, SCRIMP, injection molding, 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 regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are 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 being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

For any questions related to composites in the global passenger rail market or related to composites in the global passenger rail market share, composites in the global passenger rail market analysis, composites in the global passenger rail market size, and passenger rail manufacturers, write to Lucintel analysts at helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
 
2. Composites in the Global Passenger Rail 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 2016 to 2027
3.1: Macroeconomic Trends and Forecasts
3.2: Composites in the Global Passenger Rail Market Trends and Forecast
3.3: Composites in the Global Passenger Rail Market by Application
3.3.1: Interior
3.3.2: Exterior
3.4: Composites in the Global Passenger Rail Market by Fiber Type
3.4.1: Glass Fiber
3.4.2: Carbon Fiber and Others
3.5: Composites in the Global Passenger Rail Market by Resin Type
3.5.1: Polyester
3.5.2: Vinyl Ester
3.5.3: Phenolic
3.5.4: Epoxy
3.5.5: Others
3.6: Composites in the Global Passenger Rail Market by Manufacturing Process
3.6.1: Open Mold
3.6.2: Pultrusion
3.6.3: RTM/VARTM
3.6.4: SCRIMP
3.6.5: Injection Molding
3.6.6: Others

4. Market Trends and Forecast Analysis by Region
4.1: Composites in the Global Passenger Rail Market by Region
4.2: Composites in the North American Passenger Rail Market
4.3: Composites in the European Passenger Rail Market
4.4: Composites in the APAC Passenger Rail Market
4.5: Composites in the ROW Passenger Rail Market

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Geographical Reach
5.4: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Composites in the Global Passenger Rail Market by Application
6.1.2: Growth Opportunities for the Composites in the Global Passenger Rail Market by Fiber Type
6.1.3: Growth Opportunities for the Composites in the Global Passenger Rail Market by Resin Type
6.1.4: Growth Opportunities for the Composites in the Global Passenger Rail Market by Manufacturing Process
6.1.5: Growth Opportunities for the Composites in the Global Passenger Rail Market by Region
6.2: Emerging Trends in the Composites in the Global Passenger Rail Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Mergers and Acquisitions

7. Company Profiles of Leading Players
7.1: Joptek Oy Composites
7.2: Able Manufacturing & Assembly, LLC
7.3: Aviation Industry Corporation of China (AVIC)
7.4: Sintex Wausaukee Composites
7.5: Exel Composites
7.6: Miles Fiberglass & Composites
7.7: Premier Composite Technologies
7.8: TPI Composites
7.9: Stratiforme Industries
7.10: Rochling Engineering Plastics
.

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[Chapter Number] [Chapter Name] [Chapter Number Of Pages] [Chapter Price]
Title/Chapter Name Pages Price
Full Report: Composites In The Passenger Rail Market: Trends, Opportunities and Competitive Analysis Full Report $ 4,850
93 figures/charts and 95 tables are provided in this 163- page report
Chapter - 1: Executive Summary 6 $ 435
1. Executive Summary
Chapter - 2: Market Background and Classifications 18 $ 218
2. Market Background and Classifications
2.1 Introduction, Background, and Classifications
2.2 Supply Chain
2.3 Industry Drivers and Challenges
Chapter - 3: Market Trends and Forecast Analysis 60 $ 1,740
3. Market Trends and Forecast Analysis from 2011 to 2022
3.1 Macroeconomic Trends and Forecast 
3.2 Composites in the Global Passenger Rail Market Trends and Forecast 
3.3 Composites in the Global Passenger Rail Market by Application 
3.3.1 Interior
3.3.1.1 Ceiling 
3.3.1.2 Flooring 
3.3.1.3 Wall Panel 
3.3.1.4 Toilet Module
3.3.1.5 Seat Structures 
3.3.1.6 Other
3.3.2 Exterior
3.3.2.1 Doors 
3.3.2.2 Front End Structures/Console
3.3.2.3 Others 
3.4 Composites in the Global Passenger Rail Market by Fiber Type 
3.4.1 Glass Fiber 
3.4.2 Carbon Fiber and Others 
3.5 Composites in the Global Passenger Rail Market by Resin Type
3.5.1 Polyester 
3.5.2 Vinyl Ester 
3.5.3 Phenolic
3.5.4 Epoxy 
3.5.5 Others 
3.6 Composites in the Global Passenger Rail Market by Manufacturing Process
3.6.1 Open Mold 
3.6.2 Pultrusion
3.6.3 RTM/VARTM
3.6.4 SCRIMP 
3.6.5 Injection Molding 
3.6.6 Others
Chapter - 4: Regional Analysis 11 $ 2,248
4. Market Trends and Forecast Analysis by Region 
4.1 Composites in the Global Passenger Rail Market by Region 
4.2 Composites in the North American Passenger Rail Market 
4.3 Composites in the European Passenger Rail Market 
4.4 Composites in the APAC Passenger Rail Market 
4.5 Composites in the ROW Passenger Rail Market
Chapter - 5: Competitor Analysis 9 $ 725
5. Competitor Analysis 
5.1 Product Portfolio Analysis 
5.2 Operational Integration 
5.3 Geographical Reach
5.4 Porter’s Five Forces Analysis
Chapter - 6: Growth Opportunities and Strategic Analysis 15 $ 870
6. Growth Opportunities and Strategic Analysis 
6.1 Growth Opportunities Analysis 
6.1.1 Growth Opportunities for Composites in the Global Passenger Rail Market by Application 
6.1.2 Growth Opportunities for Composites in the Global Passenger Rail Market by Region 
6.1.3 Growth Opportunities for Composites in the Global Passenger Rail Market by Fiber 
6.1.4 Growth Opportunities for Composites in the Global Passenger Rail Market by Resin 
6.1.5 Growth Opportunities for Composites in the Global Passenger Rail Market by Manufacturing Process 
6.2 Emerging Trends of Composites in the Global Passenger Rail Market 
6.3 Strategic Analysis 
6.3.1 New Product Development 
6.3.2 Mergers, Acquisitions and Joint Ventures in Composites in the Passenger Rail Industry 
Chapter - 7: Company Profiles of Leading Players 24 $ 508
7. Company Profiles of Leading Players 
7.1 Joptek Oy Composites 
7.2 Able Manufacturing & Assembly, LLC
7.3 Aviation Industry Corporation of China (AVIC) 
7.4 Sintex Wausaukee Composites
7.5 Exel Composites 
7.6 Miles Fiberglass & Composites
7.7 Premier Composite Technologies 
7.8 TPI Composites 
7.9 Stratiforme Industries 
7.10 Rochling Engineering Plastics 
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.