India Rail Components Market (2022-2028) | Growth, Revenue, Size, Industry, Outlook, Share, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

Market Forecast By Component (Bogie, Engine) And Competitive Landscape

Product Code: ETC431600	Publication Date: Nov 2022	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

The India Rail Components Market Synopsis

The India Rail Components Market is expected to grow effectively in the years to come. The market has witnessed a growth owing to the rising demand for railway infrastructure and equipment, as well as an increase in the amount of ridership.

The growth of the Rail Components Market in India is mainly attributable to several factors, such as an increasing demand for railway infrastructure and equipment, growing ridership, and increased investment in railways. However, factors inhibiting the growth of this market include escalating prices of raw materials, stringent environmental regulations, and increasing dependency on imported rails.

According to 6Wresearch, the India Rail Components Market size is expected to grow during 2022-2028. A major factor driving the market growth is the increasing number of projects being undertaken by government agencies and private companies in India. The stringent regulations governing railway infrastructure are also contributing to market growth. There is a high demand for new rail lines and stations as well as for modernization and upgrading of existing networks. The increasing investment in renewable energy sources such as solar and wind is also fueling the demand for rail components.

COVID-19 Impact on India Rail Components Market

The COVID-19 pandemic acted as the major restraint on the India Rail Components Industry. Due to the decline in consumption and trade restrictions, the supply chain was completely disrupted. The market confronted various challenges during the pandemic. Imposed lockdown during the pandemic restricted the growth of the market. The pandemic was the major restraint to the market. The market is now recovering from all the challenges pandemic imposed to it. It is estimated the market will gain more success in the near future.

Market Analysis by Component

On the basis of component, the market can be divided into Bogie and Engine. Out of these, the bogie segment is growing more effectively in the market. This segment is expected to hold largest share in the market in the upcoming years. This is due to the increasing adoption of bogie designs in the country.

Key Players in India Rail Components Market

The Rail Component Market in India is highly competitive these days. The major players in this market are Alstom SA (France), Bombardier Inc. (Canada), GEC Alstom SA (Germany), Hitachi Ltd. (Japan), KEB Hana Bank Corporation (South Korea), Mitsubishi Heavy Industries, Ltd. (Japan), Nagoya Railroad Company Limited (Japan), POSCO Steel Corporation (South Korea), Siemens AG (Germany) and ThyssenKrupp AG (Germany). The market is estimated to become more competitive in the near future.

Drivers and Restraints of the Rail Components Market

The growth of the India rail components market is mainly attributable to several factors, such as an increasing demand for railway infrastructure and equipment, growing number of ridership, and increased investment in railways. Furthermore, the government's focus on widening and improving railway infrastructure is also contributing to the growth of this market. However, factors inhibiting the growth of this market include escalating prices of raw materials, stringent environmental regulations, and increasing dependency on imported rails. The India Rail Components Market which is a crucial part of the Asia-Pacific Rail Components Market is expected to grow rapidly in the years to come.

Key attractiveness of the report

COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2018 to 2021.
Base Year: 2021.
Forecast Data until 2028.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Key Highlights of the Report

India Rail Components Market Outlook
Market Size of India Rail Components Market, 2021
Forecast of India Rail Components Market, 2028
Historical Data and Forecast of India Rail Components Revenues & Volume for the Period 2018 - 2028
India Rail Components Market Trend Evolution
India Rail Components Market Drivers and Challenges
India Rail Components Price Trends
India Rail Components Porter's Five Forces
India Rail Components Industry Life Cycle
Historical Data and Forecast of India Rail Components Market Revenues & Volume By Component for the Period 2018 - 2028
Historical Data and Forecast of India Rail Components Market Revenues & Volume By Bogie for the Period 2018 - 2028
Historical Data and Forecast of India Rail Components Market Revenues & Volume By Engine for the Period 2018 - 2028
India Rail Components Import Export Trade Statistics
Market Opportunity Assessment By Component
India Rail Components Top Companies Market Share
India Rail Components Competitive Benchmarking By Technical and Operational Parameters
India Rail Components Company Profiles
India Rail Components Key Strategic Recommendations