Global Subway Accessories Market by Type (High-speed Circuit Breaker, Traction Inverter, Traction Motor, Coupling, Gearbox, Braking Resistor, Seat, Screen Door), By Application (Subway, Elevated Railway) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The global subway accessories market size, in terms of revenue is projected to grow from USD 2.74 billion in 2018 to USD 4.05 billion by 2028 at a CAGR of 6.8%. This growth can be attributed to factors such as the increase in investments for metro rail network projects and the growing urban population across the globe which has led to an increased demand for public transportation systems (railways and subways). Apart from this, there are other factors like increasing focus on energy efficiency with renewable sources of power and reducing carbon footprints - all these are expected to fuel the growth of this market during the forecast period.
The global subway accessories market is primarily driven by the factors such as increase in investments for metro rail network projects and growing urban population across the globe. Apart from these, there are other factors like increasing focus on energy efficiency with renewable sources of power and reducing carbon footprints - all this are expected to fuel the growth of this market during forecast period. The increased demand for public transportation systems (railways and subways) has led to an increase in the number of manufacturing companies involved in supplying equipment's needed for its operation. This rise has also been fueled by acceptance towards clean technologies that reduces emissions leading to lower greenhouse gas emission levels globally. Subway accessory manufacturers need to comply with stringent safety regulations set forth by government entities which is a key challenge faced by the market.
The market for subway accessories is segmented into high-speed circuit breaker, traction inverter, traction motor, coupling and gearbox. High-speed circuit breakers are expected to witness the highest growth in demand during forecast period due to its use as a safety device which helps protect people from electrocution by shutting down power supply when there's a fault or equipment failure in system. Traction inverters have been designed specifically for railways where they provide conversion of direct current (DC) electric energy to alternating current (AC). This type is anticipated fast growing owing to increasing number of railway networks all over the world. The other types such as coupling and gear box are also witnessing significant rise in demand largely driven by increase in requirement of this product in railway sector. The other types such as coupling and gear box are also witnessing significant rise in demand largely driven by increase in requirement of this product in railway sector. The increasing number of urban rail networks all over the world is driving traction inverters growth to a large extent, which accounts for its fastest-growing type segment from 2018 to 2028. Moreover, there's an increased need for these products globally because they provide conversion of direct current (DC) electric energy to alternating current (AC). Coupling segments too have been experiencing higher demand owing to the growing number of train network across different countries. Similarly, with more trains coming into operation every day around the globe, it means that braking resistors will be extensively needed during forecast period due to its higher demand in rail sector.
On basis of region, North America emerged as the largest market for global subway accessories, accounting for over one-fourth of total revenue share in 2018. In Asia Pacific region too, traction inverters and couplings are expected to dominate during forecast period with a 19% growth rate between 2019 and 2028 respectively. The demand for subway accessories is increasing owing to the growing number of trains across different countries. Couplings are experiencing higher demand because there are more train networks being built, and braking resistors will be needed during this period due to their high demand in rail sector. In North America, Europe, Asia Pacific and Middle East & Africa regions these segments too would dominate over coming decade with a growth rate of 19%, 14% 13% respectively between 2019-2028 while Latin American region would grow at 17%.
Report Scope
Report Attributes | Report Details |
Report Title | Subway Accessories Market Research Report |
By Type | High-speed Circuit Breaker, Traction Inverter, Traction Motor, Coupling, Gearbox, Braking Resistor, Seat, Screen Door |
By Application | Subway, Elevated Railway |
By Companies | Faurecia Automotive Seating, Fenix Group LLC, Freedman Seating Co., Grammar AG, Harita Seating System Ltd., Magna International Inc., Saira Seats, Sears Manufacturing Company, Nabtesco, Faiveley, Horton Automatics, Stanley |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 201 |
Number of Tables & Figures | 141 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Subway Accessories Market Report Segments:
The market is segmented by Type High-speed Circuit Breaker, Traction Inverter, Traction Motor, Coupling, Gearbox, Braking Resistor, Seat, Screen Door and By Application Subway, Elevated Railway.
Some of the companies that are profiled in this report are:
- Faurecia Automotive Seating
- Fenix Group LLC
- Freedman Seating Co.
- Grammar AG
- Harita Seating System Ltd.
- Magna International Inc.
- Saira Seats
- Sears Manufacturing Company
- Nabtesco
- Faiveley
- Horton Automatics
- Stanley
Subway Accessories Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Subway Accessories Market
Overview of the regional outlook of the Subway Accessories Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Subway Accessories Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Subway Accessories Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. High-speed Circuit Breaker
2. Traction Inverter
3. Traction Motor
4. Coupling
5. Gearbox
6. Braking Resistor
7. Seat
8. Screen Door
7. By Application:1. Subway
2. Elevated Railway
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Subway Accessories Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Subway Accessories Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Subway Accessories Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Subway Accessories Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Subway Accessories Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Subway Accessories Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Subway Accessories Market Size & Forecast, 2018-2028
4.5.1 Subway Accessories Market Size and Y-o-Y Growth
4.5.2 Subway Accessories Market Absolute $ Opportunity
Chapter 5 Global Subway Accessories Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Subway Accessories Market Size Forecast by Type
5.2.1 High-speed Circuit Breaker
5.2.2 Traction Inverter
5.2.3 Traction Motor
5.2.4 Coupling
5.2.5 Gearbox
5.2.6 Braking Resistor
5.2.7 Seat
5.2.8 Screen Door
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Subway Accessories Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Subway Accessories Market Size Forecast by Applications
6.2.1 Subway
6.2.2 Elevated Railway
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Subway Accessories Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Subway Accessories Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Subway Accessories Analysis and Forecast
9.1 Introduction
9.2 North America Subway Accessories Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Subway Accessories Market Size Forecast by Type
9.6.1 High-speed Circuit Breaker
9.6.2 Traction Inverter
9.6.3 Traction Motor
9.6.4 Coupling
9.6.5 Gearbox
9.6.6 Braking Resistor
9.6.7 Seat
9.6.8 Screen Door
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Subway Accessories Market Size Forecast by Applications
9.10.1 Subway
9.10.2 Elevated Railway
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Subway Accessories Analysis and Forecast
10.1 Introduction
10.2 Europe Subway Accessories Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Subway Accessories Market Size Forecast by Type
10.6.1 High-speed Circuit Breaker
10.6.2 Traction Inverter
10.6.3 Traction Motor
10.6.4 Coupling
10.6.5 Gearbox
10.6.6 Braking Resistor
10.6.7 Seat
10.6.8 Screen Door
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Subway Accessories Market Size Forecast by Applications
10.10.1 Subway
10.10.2 Elevated Railway
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Subway Accessories Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Subway Accessories Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Subway Accessories Market Size Forecast by Type
11.6.1 High-speed Circuit Breaker
11.6.2 Traction Inverter
11.6.3 Traction Motor
11.6.4 Coupling
11.6.5 Gearbox
11.6.6 Braking Resistor
11.6.7 Seat
11.6.8 Screen Door
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Subway Accessories Market Size Forecast by Applications
11.10.1 Subway
11.10.2 Elevated Railway
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Subway Accessories Analysis and Forecast
12.1 Introduction
12.2 Latin America Subway Accessories Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Subway Accessories Market Size Forecast by Type
12.6.1 High-speed Circuit Breaker
12.6.2 Traction Inverter
12.6.3 Traction Motor
12.6.4 Coupling
12.6.5 Gearbox
12.6.6 Braking Resistor
12.6.7 Seat
12.6.8 Screen Door
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Subway Accessories Market Size Forecast by Applications
12.10.1 Subway
12.10.2 Elevated Railway
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Subway Accessories Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Subway Accessories Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Subway Accessories Market Size Forecast by Type
13.6.1 High-speed Circuit Breaker
13.6.2 Traction Inverter
13.6.3 Traction Motor
13.6.4 Coupling
13.6.5 Gearbox
13.6.6 Braking Resistor
13.6.7 Seat
13.6.8 Screen Door
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Subway Accessories Market Size Forecast by Applications
13.10.1 Subway
13.10.2 Elevated Railway
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Subway Accessories Market: Competitive Dashboard
14.2 Global Subway Accessories Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Faurecia Automotive Seating
14.3.2 Fenix Group LLC
14.3.3 Freedman Seating Co.
14.3.4 Grammar AG
14.3.5 Harita Seating System Ltd.
14.3.6 Magna International Inc.
14.3.7 Saira Seats
14.3.8 Sears Manufacturing Company
14.3.9 Nabtesco
14.3.10 Faiveley
14.3.11 Horton Automatics
14.3.12 Stanley