The recent research report "Train Lighting Market by Technology, Position, Rolling Stock, Application, Component, and Region - Global Forecast to 2025" by MarketsandMarkets sees the value of the global train lighting market growing conservatively to $370.8 Million by 2025 from $330.8 Million in 2017 at a CAGR of 1.44% during the forecast period.
The market is projected to grow due to the increasing demand for comfort and luxury features inside the rolling stock, government mandates for train lighting, and increases in different railway projects for metro, high-speed, and refurbished trains.
High points:
- LED technology is estimated to have the fastest growth in Train Lighting Market
- Cabin lighting is projected to have the largest demand in Train Lighting applications
- Infrastructure development and government mandates for lighting units would drive the Asia Oceania Train Lighting Market
- The key companies profiled in the study are Toshiba (Japan), General Electric (US), Hitachi (Japan), Koito (Japan), Federal-Mogul (US), Osram (Germany), Grupo Antolin (Spain), Dräxlmaier (Germany), and Teknoware (Finland).
Learn more about the train lighting market, browse the "Train Lighting Market" report.
MarketsandMarkets Inc.
Northbrook, IL
888-600-6441