Global Train And Components Manufacturing Market Is Valued At $159 Billion In 2017 According to TBRC’s Latest Report

16/lug/2018 07:46:08 tbrc Contatta l'autore

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The train and components manufacturing industries comprise of establishments manufacturing and rebuilding, gauges, frames and locomotives parts and railroad cars.

Read More: https://www.thebusinessresearchcompany.com/report/train-and-components-manufacturing-global-market-report-2018

The global train and components manufacturing market is valued at $ 159 billion in 2017 due to the expected increase in demand for rail transportation, particularly in developing countries.

Stock market segments in the Business Research Company is segmented into two segments, namely locomotives, wagons, & other rolling stock and parts & accessories for railway vehicles. While the first segment accounts for nearly three-fifths of the market share, the remaining share is due to the parts and accessories for the railway vehicles segment.

Sample Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=9&type=smp

China was the largest country in the train and components manufacturing market in 2017, accounting for more than one-fifth of the market share. This was due to a robust passenger and cargo transportation. China was followed by the USA and Russia as the next largest countries in the market.

CRRC was the largest competitor in the train and components manufacturing market, followed by Siemens and Alstom. CRRC was founded in 2007 and is headquartered in Beijing, China. It is involved in researching, developing, manufacturing, selling, refurbishing, servicing, and leasing locomotives, metro cars, engineering machinery and related components worldwide.

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