Europe Rail Glazing Market Set to Reach $484.2 Million by 2028 Amid Rising Demand for High-Speed Rail Solutions

The Europe Rail Glazing Market size was valued at $340.8 million in 2020, and is projected to reach $484.2 million by 2028, registering a CAGR of 4.3% from 2021 to 2028. The report offers detailed segmentation of the Europe rail glazing market based on product, application, coach type, glazing technology, and country.

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The railway industry in Europe is adopting electric-driven railway transportation medium to lower carbon footprints and support green mobility. Adoption of green mobility is expected to implement high-end technology enabled components to cater to changing needs. This is expected to create demand for advanced rail glazing technology in the coming years. The coated segment is anticipated to hold leading market share in terms of value, owing to its operational efficiency along with improved safety of rail passengers. The Europe rail glazing market is witnessed as a consolidated market as limited number of players is operating in the market.

Surge in demand for passenger capacity, concerns for safe, green, and economical public transportation solution, and refurbishment of existing rolling stock drive the growth of the Europe rail glazing market. In addition, strategic partnerships with rail operators and technological innovations in railway transportation are expected to present new opportunities in the coming years.

Top Market Players:

The key players profiled in the Europe rail glazing market report are AGC Inc., Dellner Romag Ltd., Fuyao Glass Industry Group Co., Ltd., GL Spezialverglasung GmbH, Independent Glass Co. Ltd., Lippert, Nippon Sheet Glass Company, Limited, OSG, Russian Glass Company (RGC), and Saint-Gobain.

Based on product, the side windows segment held the highest market share in 2020, accounting for more than four-fifths of the total share, and is expected to maintain its lead position during the forecast period. Moreover, this segment is projected to register the highest CAGR of 4.4% from 2021 to 2028. The report also discusses the aftermarket segment.

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Factors, such as rolling stock manufacturing and refurbishment projects, are estimated to create lucrative opportunity for rail glazing solutions as rail glazing is a crucial component of any rail transportation medium. The EMU segment is expected to create significant opportunity in the coming years, owing to electrification trend of rolling stock as well as planned manufacturing projects across Europe.

Based on application, the OEM segment accounted for the largest share in 2020, holding nearly four-fifths of the Europe rail glazing market, and is estimated to maintain its leadership status during the forecast period. In addition, this segment is estimated to witness the fastest CAGR of 4.5% from 2021 to 2028. The research also analyzes the aftermarket segment.

Market participants of rail glazing are following certain approaches to manage operations by slashed budgets, extended equipment lifecycles, decreased staff sizes, and reduced salaries in the short term to overcome financial downturn. This positive demand outlook for railway transportation and rolling stock solution is estimated to witness positive growth for rail glazing as it is associated with safe and cost-effective glazing solution.

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KEY FINDINGS OF THE STUDY

By product, the side windows segment is expected to register significant growth during the forecast period.

On the basis of application, the OEM segment is projected to lead the rail glazing market in Europe, in terms of market share, by the end of the forecast period.

Depending on coach type, the EMU segment is expected to register significant CAGR during the forecast period.

The UK is anticipated to witness leading market growth during the forecast period, owing to upcoming refurbishment as well as new rolling stock projects.

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