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Stratview Research’s latest market report on Indian Rail Composites Market covers the wide spectrum of the factors governing the future growth including drivers, challenges, emerging trends, technology changes, and environmental factors. The report is a perfect blend of insights and market figures which would enable the business strategists to churn out the future business strategies.Read complete report description here
According to the report Indian Rail Composites Market is likely to reach an estimated value of US$ 122.3 million in 2023.
The Indian rail industry has undergone a remarkable transition over a period of time with regards to the adoption of composite materials in various applications. 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. This will correspond to an attractive growth opportunity for both existing as well as new players.
However, the Indian rail industry currently lacks the presence of global composite part molders that have the capability to fabricate a large number of composite parts using advanced manufacturing processes. There is an immense requirement of such players that bring good composite technological capability in India and augment the overall composite capabilities for the Indian rail industry. Another restraint of the market is a relatively low awareness of the rail industry’s personnel about the benefits of composite materials over their rivals.
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The supply chain of this market comprises of raw material suppliers, composite part fabricators, rolling stock manufacturers, and the government. The major raw material suppliers are Owens Corning India, Goa Glass Fibre Ltd. Reichhold India Private Ltd., Satyen Polymers Pvt. Ltd., and Atul Pvt. Ltd., whereas the major composite part fabricators for the Indian rail industry are Arham Composites, Kineco Private Limited, Tech-Force Composites Pvt. Ltd., Permalli Wallace, and HCL India. The key rolling stock manufacturers are RCF Kapurthala, ICF Chennai, Chittaranjan Locomotive Works, Diesel Locomotive Works, Alstom Transport India Ltd., Bombardier Transportation India Private Ltd., and GE Transportation.
Stratview Research has done a rigorous study on Indian Rail Composites Market in its recently launched market report. Market forecast has been done after considering the views of key decision makers, extensive desk research, key market drivers and challenges, apart from our market expertise. Identify the most important factors and opportunities impacting your business decisions.
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Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
This report studies the, Indian Rail Composites Market and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the five ways in which the market is segmented:
Indian Rail Composites Market by Rail Type:
• Rail Coaches (Regional Analysis: North India, South India, East India, and West India)
• Locomotives (Regional Analysis: North India, South India, East India, and West India)
• Metro Rails (Regional Analysis: North India, South India, East India, and West India)
Indian Rail Composites Market by Composite Type:
• Polyester Composites (Regional Analysis: North India, South India, East India, and West India)
• Phenolic Composites (Regional Analysis: North India, South India, East India, and West India)
• Other Composites (Regional Analysis: North India, South India, East India, and West India)
Indian Rail Composites Market by Process Type:
• Resin Infusion (Regional Analysis: North India, South India, East India, and West India)
• Open Mold (Regional Analysis: North India, South India, East India, and West India)
• Filament Winding (Regional Analysis: North India, South India, East India, and West India)
• Others (Regional Analysis: North India, South India, East India, and West India)
Indian Rail Composites Market by Application Type:
• Front-End Modules (Regional Analysis: North India, South India, East India, and West India)
• Toilet Modules (Regional Analysis: North India, South India, East India, and West India)
• Brake Blocks (Regional Analysis: North India, South India, East India, and West India)
• Doors& Windows (Regional Analysis: North India, South India, East India, and West India)
• Interior Panels (Regional Analysis: North India, South India, East India, and West India)
• Others (Regional Analysis: North India, South India, East India, and West India)
Indian Rail Composites Market by Region:
• North India
• South India
• East India
• West India
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