Parts & Accessories For Railway Vehicles Segment Forecast To Increase In The Train And Components Manufacturing Industry

(I-TravelNewswire.Com, September 21, 2018 ) The train and components manufacturing industry comprises establishments manufacturing and rebuilding, gauges, frames and locomotives parts and railroad cars. This industry also includes companies manufacturing rapid transit cars and special-purpose self-propelled railroad equipment, such as rail layers, ballast distributors, rail-tamping equipment and other railway track maintenance equipment.

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The global train and components manufacturing market has shown modest growth in the past years with a CAGR of over 4%. The year 2017 recorded highest ever growth in this market with a net value of about $150 billion as per TBRC’s inhouse consultants.

TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.

The report also shows the train and components manufacturing market to grow at a similar CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.

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Parts & accessories for railway vehicles segment had a CAGR of about 4% till 2017; this segment is expected to grow at a CAGR of 5% by 2021. The rapid expansion in the rail industry has also created demand for additional and more expensive maintenance. Many trains that entered in service six or seven years ago are now reaching their overhaul cycle, thus increasing the demand for parts and other components.

TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.

Companies included in the report are CRRC, Siemens, Alstom, Bombardier, and GE Transportation.

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