Train Lighting Market to Rear Excessive Growth During 2018-2026 Estimated By Global Key Players Like Koito (Japan), General Electric (US), Toshiba (Japan), Federal-Mogul (US), Osram (Germany) and Grupo Antolin (Spain)

Study segments train lighting market by position, where interior lighting market is projected to grow as largest market. Train interior lighting includes applications like vestibule lights, door lights, emergency lights, bathroom lights, main lights, spot lights, & reading lights. Number of lights in interior is higher in high-speed train and passenger train compared to trains such as metro, mono, and freight train.

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Railway associations around globe are installing LED lights in train lighting market because of its energy saving and environmental friendly benefits. Also, the LEDs are profoundly used in rolling stock such as metros DMU, EMU, and light rail. With the increase in demand for rolling stock, the market for LED lights is also projected to increase.

Train lighting market is projected to grow due to increasing demand for comfort & luxury features inside rolling stock, government mandates for train lighting applications, & increase in upcoming railway projects for metro trains, high-speed trains, & refurbished trains. “Main lights segment of Train lighting market estimated to show fastest growth in terms of value”. “By technology, LED lights are estimated to have largest share in train lighting market”.

The train lighting market was valued at USD 330.8 million in 2017 and is projected to reach USD 370.8 million by 2025, growing at a CAGR of 1.44% during the forecast period. The major driving factors are the government mandates on lighting applications and infrastructural development for rail projects. These projects will increase the rolling stock use and hence the lighting demand.

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Train lighting market research methodology used in report involved various secondary sources, including paid databases & directories. Experts from related industries & suppliers have been interviewed to understand future trends of train lighting market. To understand train lighting market, rolling stock production/sales trends were evaluated. Different types of rolling stocks were considered at country level.

The segmentation of train lighting market by various interior & exterior applications Cabin Lights, Door Lights, Emergency Lighting Systems, Reading Lights, Toilet Lights, Train Headlights, Train Indicator Lights, Train Led Spotlights, Train Main Lights, Marker Lights, Vestibule Lights, and other Train Lights. Train marker lights are estimated to have the largest market during the forecast period. The marker lights are mandated by the government and are installed in every rolling stock. Thus, the growth of this segment is directly proportional to the demand for the rolling stock.

Key Target Audience
• Dealers and distributors of train lighting systems
• Government regulatory authorities
• Industry associations
• Suppliers of lighting source, module, and other components for train lighting systems
• Manufacturers of automotive lighting systems
• Organized and unorganized aftermarket suppliers
• Manufacturers of raw material for train lighting components (suppliers for Tier I)
• Regional manufacturers associations
• Train lighting technology suppliers

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The train lighting market is also segmented on the basis of technology used as Halogen, Xenon/HID, Fluorescent, and LED. LED is expected to be the fastest growing market and to have the largest market share. The growth can have attributed to the energy-saving capacity of LED and the increasing number of train lighting applications. The railway associations around the globe have started installing LED lights in train interior and exterior.

The Asia Oceania region comprises of emerging economies such as China and India along with developed nations such as Japan. The rail networks of China and India are among the biggest rail networks in the world. Generally, passenger trains are the mainly used mode of transportation in India, China, and South Korea.

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