This industry produces part and
accessories for Railway vehicles manufacturing companies manufacture brakes and
parts for railroad rolling stock, lubrication systems, and rail laying and
tamping equipment.
The global manufacture of parts and
accessories for railway vehicles market was valued at $68 billion in 2017,
because of the positive economic outlook,
increasing demand for transportation services owing to rapid urbanization,
policy makers’ green energy funding initiative, advancements in technology and
increasing consumer demand for fuel efficient vehicles.
Asia- Pacific was
the largest geographic region in the manufacture of parts and accessories for
railway vehicles market in 2017, accounting for around two-fourth of the
global market share.
Manufacture of parts
and accessories for railway vehicles market is
split into the following segments: locomotives equipment, transit cars equipment,
railroad cars equipment and others - manufacture of parts & accessories for
railway vehicles.
China was the biggest player in the manufacture of parts and accessories for railway
vehicles market in 2017, accounting
for more than one-fifth of the global market
share. China was followed by the USA as the next largest country in the market.
The top competitors in the market
are Bombardier, Siemens Mobility, GE Transportation, Alstom and CAF. Bombardier is a global
transportation company, headquartered in Montréal, Canada. It is present in
more than 60 countries on five continents and is active in the manufacture
of products, systems and the provision of services for the aviation
(commercial and business jets) and rail transportation sectors. The
division responsible for the company's aircraft manufacturing and related
services is Bombardier Aerospace. The division is headquartered in Dorval,
Quebec and ranks as the world’s third largest civil aircraft manufacturer,
employing of 37,700 people.
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