Global Rail Traffic Door Market will propel to garner USD 2,281.52 Mn, with a CAGR of 6.0% by 2025
05 June 2018
Rail doors have seen a gradual evolution since the days of bulky, hand-operated door panels linking carriages. Pneumatic systems control the speed of doors opening and closing, and modern electrical systems simplify the process to the touch of a button or the activation of an infrared sensor. Manufacturers of rail door actuators and door systems are now working on achieving greater integration of rail doors to the rest of the train through improved interfaces and LAN connections. Rail traffic door is used in subway and train etc.
In terms of volume, global rail traffic door market in 2017 stood at 220.21 thousand units and is expected to reach 301.05 thousand units by 2025 growing at a CAGR of 5.4% from 2018 to 2025. In terms of revenue, global rail traffic door market in 2017 stood at USD 1,614.86 Mn and is expected to reach USD 2,281.52 Mn by 2025 growing at a CAGR of 6.0% from 2018 to 2025.
On the basis of type rail traffic door can be classified as external door and internal door. External Door rail traffic door occupied larger market share as compared to internal door rail traffic door. While, internal door rail traffic door type is expected to grow at a faster growth rate during the forecast period. Major applications of rail traffic door can be classified as subway and train. Train application held the major market share and it is also expected to grow at a fastest growth rate during the forecast period.
Region wise global rail traffic door market is segmented into U.S., China, Europe, Japan, Southeast Asia, India and RoW. Europe held the largest market share followed by U.S. and China respectively. China is expected to grow at a fastest growth rate followed by Japan during the forecast period.
Some of the global major players operating in the rail traffic door market include KNORR-BREMSE, Faiveley TRANSPORT, Nabtesco, Wabtec, Nanjing Kangni, WEGH Group, Imi-precision, and others
The Global rail traffic door market is segmented as follows:
Global Rail Traffic Door Market: Product analysis
Global Rail Traffic Door Market: Application analysis