Train lighting is an essential passenger amenities that help in building a strong image of the Railways. The train is designed, developed, and equipped with varied batteries which are used to supply lights in every interior and exterior applications. With endless advancement taking place in railways mode of transportation, lightings in the train would continue to nurture.
MARKET SCOPE
The "Global Train Lighting Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the train lighting market with detailed market segmentation by light type, rolling stock type, application, and geography. The report provides key statistics on the market status of the leading train lighting market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on light type, the global train lighting market is segmented into emergency lighting systems, train LED spotlights, train main lights, door lights, reading lights, and others.
- On the basis of rolling stock type, the market is segmented into electric locomotive, light rail/TRAM/monorail, metro, passenger coach, and others.
- Based on application, the market is segmented into exterior train lighting and interior train lighting.
MARKET DYNAMICS
Drivers:
- Increase in the number of travelers opting for railways and demand for enhanced lighting for greater comfort is responsible for driving the growth of the train lighting market.
- Trains are upgraded after a certain time in which improvement in lighting also plays a significant role. This up gradation of trains is projected to grow train lighting market in the future.
Restraints:
- Costly production and manufacturing may hinder the growth of the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The train lighting market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the train lighting market in these regions.
IMPACT OF COVID-19 ON TRAIN LIGHTING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the train lighting market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from train lighting market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the train lighting market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Autolite
- DR
- Federal-Mogul Corporation
- Grupo Antolin
- General Electric Company
- Koito Manufacturing Co.Ltd.
- KST Lighting (Deleuze Group)
- OSRAM Licht AG
- Teknoware
- Toshiba Corporation