Indian Rail Composite Market

1. Presents a Research Report on Indian Rail Composites Market Indian Rail Composites Market by Rail Type (Rail Coaches, Locomotives, and Metro Rails), by Composite Type (Polyester Composites, Phenolic Composites, and Others), by Process Type (Resin Infusion, Open Mold, Filament Winding, and Others), by Application Type (Front-End Modules, Toilet Modules, Brake Blocks, Doors & Windows, Interior Panels, and Others), and by Region (North India, South India, East India, and West India), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023 sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence

2. Indian Rail Composites Market Growth and Forecast Highlights & Drivers • The Indian rail composites market is forecasted to grow at an impressive rate over the next five years to reach an estimated US$ 122.3 million in 2023. • The burgeoning growth of the Indian rail composites market is primarily driven by an organic growth of the Indian rail industry. • The Indian Ministry of Railways has been increasing investments in order to expand the existing rail network to support the rising passenger traffic. The government is also raising the production capacities of rail coaches to run additional trains on existing rail networks or on new networks. • Metro railcars are the new growth engines of the Indian rail industry. Highly congested tier-II cities of India demand a greater means of mass transportation that can efficiently resolve this challenge. • The second major factor driving the demand for composites is an incessant increase in its penetration. Composite materials are one of the most versatile materials that offer significant advantages as compared to their rivals including metals. • Thirdly, the Indian Ministry of Railways has a plan to retrofit around 40,000 old rail coaches in the next five-and-a-half-years. Composites not only offer excellent mechanical and chemical properties but also augment overall aesthetics of rail coaches. Composites may play a pivotal role in modernizing these large old fleets.

3. Market Insights • By Rail Type • The rail coaches segment currently dominates the market and is likely to maintain its growth momentum over the next five years as well, driven by increasing production of rail coaches, advancement in the rail coach design, upcoming rail coach factories in India, and increasing penetration of composites in structural to semi-structural applications. • Metro railcars, another promising segment, is likely to grow at the highest rate in the market during the forecast period, driven by large ongoing and upcoming metro rail projects in different parts of India including Bengaluru, Hyderabad, Kochi, Lucknow, and Nagpur coupled with a greater composites penetration per railcar. • By Composite Type • Polyester composite is expected to remain the choice of composites in the market during the forecast period, driven by its low-cost advantage and good performance. • Phenolic composite is also likely to witness a healthy growth during the same period • By Process Type • Resin infusion and open mold are likely to remain the most preferred manufacturing processes in the Indian rail composites market during the forecast period, driven by their low equipment cost, less complexity in operation, and part performance matching the current market requirements.

4. Market Insights • By Region • South India and North India are the manufacturing capitals of the Indian rail industry with the presence of major rolling stock manufacturers. Both regions are likely to remain dominant over the next five years. • West India currently generates an overall low demand for composite parts but is likely to grow maximum among all regions over the next five years.

5. Competitive Insights • Key Companies Analysed • AB Composites Private Limited • Arham Composites • Excel Composites • Hindustan Composites Limited (HCL) • Kineco Private Limited • Mohan Rail Components Private Limited • Tech-Force Composites Private Limited

6. Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others

7. Report Features • This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: • Market structure: Overview, industry life cycle analysis, supply chain analysis. • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. • Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors.

8. Market Segmentation • By Rail Type • Rail Coaches • Locomotives • Metro Rail • By Composite Type • Polyester Composites • Phenolic Composites • Other Composites • By Process Type • Resin Infusion • Open Mold • Filament Winding • Others

9. Market Segmentation • By Application • Front-End Module • Toilet Module • Brake Blocks • Doors & Windows • Interior Panels • Others • By Region • North India • South India • East India • West India

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