Global Passenger Coach Market Overview:
Railway vehicle capacity requirements differ extensively according to the distance and density of occupation and standing spaces are measured as passengers per square meter. This range of passenger coaches is from 4 meters per square, considered tolerable in the US and Western Europe to 8 meters per square in Asian cities. Growing population, industrialization and government initiatives to deliver faster, cleaner and safest transport systems is encouraging growth of the global passenger coach market.
- Growing Demand for Energy-Efficient Transport
- Increasing Demand for Comfort and Safety
- Technological Advancement Related to Passenger Coaches
- Big Data Applications in the Rail Industry
- Increasing Investment by Government in Passenger Coaches
- High Overhaul and Maintenance Costs
- High Expenditure for Research and Development
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Knorr-Bremse (Germany), Siemens (Germany), EKE-Electronics Ltd (Finland), Talgo (Spain), Tver Carriage Works (Russia), Hyundai Rotem (South Korea), Hitachi Rail Systems (Japan), CRRC (China), Bombardier (Canada), GE Transportation (United States), Qiqihar Railway Rolling Stock Co. Ltd. (China) and Advantech (Taiwan). Additionally, following companies can also be profiled that are part of our coverage like Alstom (France) and Stadler Rail AG (Switzerland). Analyst at AdvanceMarketAnalytics see European Manufacturers to retain maximum share of Global Passenger Coach market by 2025. Considering Market by Seating Capacity, the sub-segment i.e. Up to 25 Passengers will boost the Passenger Coach market. Considering Market by End-User, the sub-segment i.e. Coach Companies will boost the Passenger Coach market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Passenger Coach market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Passenger Coach market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Passenger Coach, Suppliers of Passenger Coach, Wholesalers, Distributors and Retailers of Passenger Coach, Railway Industry and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.