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

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:

1. Faurecia Automotive Seating
2. Fenix Group LLC
3. Freedman Seating Co.
4. Grammar AG
5. Harita Seating System Ltd.
6. Magna International Inc.
7. Saira Seats
8. Sears Manufacturing Company
9. Nabtesco
10. Faiveley
11. Horton Automatics
12. 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:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Subway Accessories Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. 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

                1. Subway

                2. Elevated Railway

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. 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.