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Global Train And Components Market Report: Size, Share, Trends, Growth, Technology, Application, Analysis And Forecast To 2032
Train And Components Market
As per the train and components market report by The Business Research Company, economic growth and a rapidly growing urban population are expected to increase the demand for new trains and components manufactured during the forecast period. Urbanization increases the demand for luxurious items among the population.
The global train and components market grew from $205.07 billion in 2022 to $222.17 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The train and components market is expected to grow to $292.87 billion in 2027 at a CAGR of 7.2%.
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Major competitors in the train and components market include CRRC Co Ltd., Siemens AG, Wabtec Corporation, Alstom SA, Hyundai Motor Co Ltd., Hitachi Ltd., Knorr-Bremse AG, Stadler Rail AG, China Railway Signal & Communication Corporation Limited, and Construcciones y Auxiliar de Ferrocarril
The train and components market is segmented -
By Type: Parts & Accessories For Railway Vehicles, Locomotives, Wagons, & Other Rolling Stock
By Train Type: Metro, Light Rail, Bullet Train/HSR
By Application: Passenger, Freight
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the train and components market.
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A train is made up of a group of connected vehicles on wheels that are pulled by an engine along a track. Trains transport both people and cargo between locations. The train components refer to any locomotive, engine, tender, railroad car, passenger car, freight car, or other railroad rolling stock.
The Table Of Content For The Train and components market Include:
1. Executive Summary
2. Report Structure
3. Train And Components Market Characteristics
4. Train And Components Market Product Analysis
5. Train And Components Market Supply Chain
......
22. Key Mergers And Acquisitions In The Train And Components Market
23. Market Background: Transportation Manufacturing Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer
The "Global Train and components market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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