PUBLISHER: Verified Market Research | PRODUCT CODE: 1626630
PUBLISHER: Verified Market Research | PRODUCT CODE: 1626630
Train Lighting Market size was valued at USD 375.4 Million in 2022 and is projected to reach USD 436.4 Million by 2030, growing at a CAGR of 1.9% from 2023 to 2030.
The increasing population in major cities is the main element fueling market expansion. The number of office workers will likely increase, particularly in developing nations, which will propel the demand for train lighting worldwide. The Global Train Lighting Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Train Lighting Market Definition
Lights used in trains are referred to as "train lighting," and they are a significant passenger convenience that enhances passenger comfort. Different types of lighting, including halogen, LED, Xenon, and fluorescent, are employed in diverse locations. Both indoor and external uses are possible for them. Train headlights, indicators, and sidelights are examples of exterior lighting.
Coach lights, corridor lights, door lights, marker lights, vestibule lights, vestibule lights with led spotlights, toilet lights, night lights, reading lamps, etc. are examples of interior lighting. Several of them are utilized as night lamps, while others are used to identify the locations of seats that are beneficial at night. It is extensively applicable inside the train for various portions of trains such as interior coach cabins, finding track paths and seats, and reading literature.
Global Train Lighting Market Overview
The increasing population in major cities is the main element fueling market expansion. The number of office workers will likely increase, particularly in developing nations, which will propel the demand for train lighting worldwide. With rising population density, urbanization, and shifting travel habits around the world, railways are a crucial component of the public transportation system. Additionally, emerging nations spend a lot of money introducing and promoting larger-scale transportation infrastructure, such as high-speed rails and bullet trains, to provide passengers with a more comfortable and quick ride.
Power consumption is decreased by the rising demand for LED lights in high-speed trains, metro trains, and special trains. Increased government investments in railroads, together with the improvement of railroads as a source of transportation, are factors driving the growth of the Train Lighting Market. Growing consumer tastes and preferences for comfort and luxury elements inside rolling stock is another factor driving up market demand.
Government laws and standards for train lighting applications, an increase in the number of travelers choosing trains, increased investment in railway projects for metro trains, high-speed trains, and renovated trains, and demand for improved lighting for greater comfort. The high cost of developing train lighting is a problem impeding the market's expansion for lighting products. However, expanding infrastructure and cutting-edge technical advancements will expand the possibilities for industry expansion.
The Global Train Lighting Market is segmented on the basis of Light Type, Position, Rolling Stock, And Geography.
Based on Light Type, The market is segmented into Fluorescent, Halogen, LED, and Xenon. In order to give illumination, fluorescent lights are frequently utilized in railway cars. They are effective and offer a strong, even light that makes the interior of the train easier to view for passengers. Fluorescent lighting uses a phosphor-coated gas-filled tube that, when stimulated by an electric current flowing through it, creates visible light. The benefits of these lights for railway applications are numerous. First of all, they are energy-efficient since they provide a lot of light while using a lot less electricity. This is crucial for trains since they need to maximize their use of electricity resources.
Based on Position, The market is segmented into Interior and Exterior. Despite the importance of both interior and exterior train lighting, the need for both may vary depending on a variety of reasons. The improvement of passenger comfort, safety, and experience is often prioritized when designing interior illumination. On the other hand, exterior lighting is essential for operational security, visibility, and signaling needs. To suit passenger needs and ensure effective and secure train operations, a well-designed train lighting system establishes a balance between interior and outside lighting.
Based on Rolling Stock, The market is segmented into Diesel, Electric, DMU, EMU, Metro, Light Rail, Passenger Coaches, and Freight Wagon. Diesel-powered locomotives or trains are referred to as diesel rolling stock. Similar to other types of trains, diesel rolling stock has a lighting system that illuminates passengers, improves safety, and makes operations more efficient. The passenger cabins, aisles, and other interior spaces of diesel trains are lit by interior lighting systems. Similar to other types of trains, the lighting fixtures can be fixed on the walls or installed overhead. Diesel rolling stock's interior illumination is crucial for providing passengers with a cozy, well-lit atmosphere that allows them to move about the train cars securely and without difficulty.
The "Global Train Lighting Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Toshiba Corporation, General Electric, Hitachi, Ltd., Federal-Mogul Corporation, Koito Manufacturing Co., Ltd., Grupo Antolin, Osram Licht AG, Teknoware, Draxlmaier Group, Autolite Ltd.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.