Global Manufacture Of Parts And Accessories For Railway Vehicles Market Was Valued At $68 Billion
Posted July 31, 2018 by sainath
Asia Pacific was the largest geographic region accounting for $25.89 billion or 38.08% of the global market. China was the largest country accounting for $14.47 billion or 21.28% of the global parts and accessories for railway vehicles market.
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The global manufacture of parts and accessories for railway vehicles market was valued at $68 billion in 2017, because of the positive economic outlook, increasing demand for transportation services owing to rapid urbanization, policy makers’ green energy funding initiative, advancements in technology and increasing consumer demand for fuel efficient vehicles.
Asia- Pacific was the largest geographic region in the manufacture of parts and accessories for railway vehicles market in 2017, accounting for around two-fourth of the global market share.
Manufacture of parts and accessories for railway vehicles market is split into the following segments: locomotives equipment, transit cars equipment, railroad cars equipment and others - manufacture of parts & accessories for railway vehicles.
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China was the biggest player in the manufacture of parts and accessories for railway vehicles market in 2017, accounting for more than one-fifth of the global market share. China was followed by the USA as the next largest country in the market.
The top competitors in the market are Bombardier, Siemens Mobility, GE Transportation, Alstom and CAF. Bombardier is a global transportation company, headquartered in Montréal, Canada. It is present in more than 60 countries on five continents and is active in the manufacture of products, systems and the provision of services for the aviation (commercial and business jets) and rail transportation sectors. The division responsible for the company's aircraft manufacturing and related services is Bombardier Aerospace. The division is headquartered in Dorval, Quebec and ranks as the world’s third largest civil aircraft manufacturer, employing of 37,700 people.
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| Issued By | sainath |
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| Tags | locomotives equipment market report , manufacture of parts and accessories for railway vehicles global market report 2018 , others manufacture of parts and accessories for railway vehicle market report , railroad cars equipment market report , transit cars equipment market report |
| Last Updated | July 31, 2018 |