Indian Rail Composites Market likely to be a US$ 122.3 Million opportunity in 2023
This market report, from Stratview Research, studies the Indian rail composites market over the trend and forecast period of 2012 to 2017 and 2018 to 2023, respectively.
(EMAILWIRE.COM, February 05, 2019 )
Stratview Research announces the launch of a new research report on Indian Rail Composites Market by Rail Type (Rail Coaches, Locomotives, and Metro Rails), by Composite Type (Polyester Composites, Phenolic Composites, and Others), by Process Type (Resin Infusion, Open Mold, Filament Winding, and Others), by Application Type (Front-End Modules, Toilet Modules, Brake Blocks, Doors & Windows, Interior Panels, and Others), and by Region (North India, South India, East India, and West India), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
This market report, from Stratview Research, studies the Indian rail composites market over the trend and forecast period of 2012 to 2017 and 2018 to 2023, respectively. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Indian Rail Composites Market: Research Highlights
As per Stratview Research, the Indian rail composites market is forecasted to grow at an impressive rate over the next five years to reach an estimated US$ 122.3 million in 2023. The rail industry is one of the largest consumers of composite materials in India and has efficaciously witnessed a continuous increase in the penetration of composites over the last ten years. The penetration of composites would not cede here and is likely to increase further with the development of new composite applications as well as to address changing customer demands with evolving trends, rapid transformations in technologies, and intense market competition.
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Expansion of the existing rail network to support the rising passenger traffic, expansion of existing metro rail projects in Tier 1 cities and ongoing/upcoming metro rail projects in Tier II cities, an incessant shift from traditional heavyweight parts to lightweight composite parts and massive retrofit plans of the Ministry of Indian Railways are some of the major factors driving the Indian rail composites market.
As per the study, polyester composite is expected to remain the choice of composites in the market during the forecast period, driven by its low-cost advantage and good performance. In India, all the major composite applications, such as front-end modules, toilet modules, and interior panels, are preferably fabricated with glass fibers impregnated with polyester resins.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research announces the launch of a new research report on Indian Rail Composites Market by Rail Type (Rail Coaches, Locomotives, and Metro Rails), by Composite Type (Polyester Composites, Phenolic Composites, and Others), by Process Type (Resin Infusion, Open Mold, Filament Winding, and Others), by Application Type (Front-End Modules, Toilet Modules, Brake Blocks, Doors & Windows, Interior Panels, and Others), and by Region (North India, South India, East India, and West India), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
This market report, from Stratview Research, studies the Indian rail composites market over the trend and forecast period of 2012 to 2017 and 2018 to 2023, respectively. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Indian Rail Composites Market: Research Highlights
As per Stratview Research, the Indian rail composites market is forecasted to grow at an impressive rate over the next five years to reach an estimated US$ 122.3 million in 2023. The rail industry is one of the largest consumers of composite materials in India and has efficaciously witnessed a continuous increase in the penetration of composites over the last ten years. The penetration of composites would not cede here and is likely to increase further with the development of new composite applications as well as to address changing customer demands with evolving trends, rapid transformations in technologies, and intense market competition.
Click here for table of contents:- https://www.stratviewresearch.com/toc/321/Indian-Rail-Composites-Market.html
Or
Request a sample here:- https://www.stratviewresearch.com/Request-Sample/321/Indian-Rail-Composites-Market.html
Expansion of the existing rail network to support the rising passenger traffic, expansion of existing metro rail projects in Tier 1 cities and ongoing/upcoming metro rail projects in Tier II cities, an incessant shift from traditional heavyweight parts to lightweight composite parts and massive retrofit plans of the Ministry of Indian Railways are some of the major factors driving the Indian rail composites market.
As per the study, polyester composite is expected to remain the choice of composites in the market during the forecast period, driven by its low-cost advantage and good performance. In India, all the major composite applications, such as front-end modules, toilet modules, and interior panels, are preferably fabricated with glass fibers impregnated with polyester resins.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results