Asia Oceania and Europe are estimated to dominate train lighting market during forecast period. While Asia Oceania estimated to be largest market, Europe estimated to be fastest growing market during the forecast period. Asia Oceania region comprises of emerging economies like China & India along with developed nations like Japan. Rail networks of China & India are among biggest rail networks in world.
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The train lighting market was valued at USD 330.8 million in 2017 and is projected to reach USD 370.8 million by 2025, growing at a CAGR of 1.44% during the forecast period. The major driving factors are the government mandates on lighting applications and infrastructural development for rail projects.
These projects will increase the rolling stock use and hence the lighting demand.
Key Target Audience
- Dealers and distributors of train lighting systems
- Government regulatory authorities
- Industry associations
- Suppliers of lighting source, module, and other components for train lighting systems
- Manufacturers of automotive lighting systems
- Organized and unorganized aftermarket suppliers
- Manufacturers of raw material for train lighting components (suppliers for Tier I)
- Regional manufacturers associations
- Train lighting technology suppliers
Train lighting market is projected to grow due to increasing demand for comfort & luxury features inside rolling stock, government mandates for train lighting applications, & increase in upcoming railway projects for metro trains, high-speed trains, & refurbished trains. “Main lights segment of Train lighting market estimated to show fastest growth in terms of value”.
“By technology, LED lights are estimated to have largest share in train lighting market”.
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The train lighting market is segmented By Rolling Stock Type (Diesel Locomotive, DMU, Electric Locomotive, EMU, Metro, Light Rail/Trams/Monorail, Passenger Coaches, Freight Wagon), By Position (Interior Train Lighting, Exterior Train Lighting), By Application (Cabin Lights, Door Lights, Emergency Lighting Systems, Reading Lights, Toilet Lights, Train Headlights, Train Indicator Lights, Train Led Spotlights, Train Main Lights, Marker Lights, Vestibule Lights, Other Train Lights), By Technology (Halogen, Xenon/HID, Fluorescent, LED), By Component (Alternator, Battery, Rectifier), By Region (Asia Oceania (China, India, Japan, South Korea), Europe(Germany, France, UK), North America (Canada, Mexico, US), RoW (Brazil, Russia).
Train Lighting Market, By Application
- Cabin Lights
- Door Lights
- Emergency Lighting Systems
- Reading Lights
- Toilet Lights
- Train Headlights
- Train Indicator Lights
- Train Led Spotlights
- Train Main Lights
- Marker Lights
- Vestibule Lights
Train Lighting Market, By Rolling Stock Type
- Diesel Locomotive
- Electric Locomotive
- Light Rail/Trams/Monorail
- Passenger Coaches
- Freight Wagon
Train lighting market research methodology used in report involved various secondary sources, including paid databases & directories. Experts from related industries & suppliers have been interviewed to understand future trends of train lighting market.
To understand train lighting market, rolling stock production/sales trends were evaluated. Different types of rolling stocks were considered at country level.
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The key companies profiled in the study are as Toshiba (Japan), General Electric (US), Hitachi (Japan), Koito (Japan), Federal-Mogul (US), Osram (Germany), Grupo Antolin (Spain), Dräxlmaier (Germany), and Teknoware (Finland).
Market Development: The report provides comprehensive information about lucrative emerging markets for train lighting across regions.
Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the train lighting market.
Market Diversification: The report offers detailed information about untapped markets, investments, new products, and recent developments in the train lighting market.
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