The train lighting market was valued at USD 330.8 Million in 2017 and is projected to reach USD 370.8 Million by 2025, growing at a CAGR of 1.44% during the forecast period. The key driving factors are the government mandates regarding installation of lighting systems and infrastructural development for rail projects which will increase the rolling stock use and, hence, the lighting requirement.
Train lighting manufacturers have adopted supply contract, joint venture, and geographical expansion as preferred strategies to gain traction in the train lighting market. For instance, in November 2012, Koito set up a new subsidiary in Mexico called the North American Lighting Mexico, S.A. de C.V. The new subsidiary manufactures and sells lighting products such as headlamps and signal lamps.
Based on revenue generation, geographic footprint, and organic & inorganic strategies, the study estimates Toshiba (Japan), General Electric (US), Hitachi (Japan), Koito (Japan), Federal-Mogul (US), Osram (Germany), Grupo Antolin (Spain), Dräxlmaier (Germany), and Teknoware (Finland) as the leading players in the train lighting market.
Toshiba has a strong presence in the Asian and North American markets. It has been adopting multiple strategies such as expansion and agreements to strengthen its position in the train lighting market and rolling stock industry. Of these, supply contracts is the key strategy adopted by the company. For instance, in February 2016, Toshiba signed a supply contract with Nishi-Nippon to provide key electrical components for trains along with fully-enclosed induction motors, variable-voltage and variable-frequency inverter systems, auxiliary power supply systems, air conditioners, lighting system and Automatic Train Stop (ATS) systems. These new components will be installed in the new 9,000 Series trains in two- and three-car configurations.
Hitachi has strong R&D and production capacities. Its strong presence in the developed markets of North America and in emerging economies such as Asia Oceania has made the company a formidable competitor in the global train lighting market. The company’s key strengths are high revenue and advanced R&D capabilities, which have helped it to adopt different strategies such as expansion and supply contracts. In December 2015, Hitachi Rail, Italy, announced that it is set to manufacture a fleet of AT300 trains for the Great Western Railway (GWR), a UK-based company. The new 29 set of trains, including 22 five-car bi-mode and 7 nine-car, would be manufactured in Pistoia, Italy. These trains will be equipped with LED lighting system.
Train Lighting Market by Technology (Fluorescent, Halogen, LED, Xenon), Position (Interior, Exterior), Rolling Stock (Diesel, Electric, DMU, EMU, Metros, Light Rail, Passenger & Freight Wagon), Application, Component, and Region - Global Forecast to 2025
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