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Freight Railcar Parts Market Share

Report ID: GMI5265
Published Date: Apr 2024
Report Format: PDF

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Freight Railcar Parts Market Share

Freight Railcar Parts Company Market Share Analysis, 2023

These prominent companies are proactively involved in strategic endeavors including mergers & acquisitions, facility expansion, and partnerships to diversify their product offerings, expand their customer reach, and solidify their market position. Together, the top five mentioned companies collectively occupied around 5% to 10% of the global market share in 2023. They consistently allocate resources to research & development, enhancing their products and integrating innovative technologies to maintain a competitive edge.

Freight Railcar Parts Market Companies

Major companies operating in the freight railcar parts industry include:

ABB Ltd.
Alstom SA
Bombardier Transportation
CIMC Group Limited
Faiveley Transport
GATX Corporation
General Electric Company
Greenbrier Companies
Knorr-Bremse AG
Progress Rail Services Corporation
Siemens Mobility
TrinityRail
Union Tank Car Company
Wabtec Corporation
Westinghouse Air Brake Technologies Corporation

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of freight railcar parts reached USD 10.64 billion in 2023 and is set to witness 5% CAGR from 2024 to 2032, as manufacturers are embracing new materials and technologies like lightweight composites, predictive maintenance sensors.

The covered hopper type segment in the freight railcar parts industry held a revenue of USD 2.65 billion in 2023 and is poised to exceed USD 5.09 billion by 2032, as they are super adaptable and can carry lots of different dry bulk goods like grains.

North America freight railcar parts market generated USD 3.52 billion in 2023, owing to the presence of a large and efficient rail system.

ABB Ltd., Alstom SA, Bombardier Transportation, CIMC Group Limited, Faiveley Transport, GATX Corporation, General Electric Company, and Greenbrier Companies among others.