- The key vendors in the global composites market for HSR 2015-2019 are AIM Aviation Ltd., Dartford Composites Ltd., FDC Composites Inc., Gurit Holding AG, Hexcel Corp., Kemrock Industries and Exports Ltd., Koninklijke TenCate NV and TPI Composites Inc.
London, 13 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global composites market for High Speed Rail (HSR) 2015-2019. Increased competition in the market and the implementation of strict rules by regulatory authorities have led manufacturers to focus on innovation to maintain their market shares. As a result, leading players in the composites market are manufacturing high quality composites at optimum costs using new technologies. The global composites market for HSR is expected to grow at a rapid CAGR of 11.33% during the forecast period of 2014-2019.
Increased demand for composites from the rapidly growing HSR sectors in China, Turkey, and Russia is expected to result in significant growth of the market in the forecast period. Many developed nations have already established domestic HSR networks, and developing nations are expected to follow suit in the future.
“Composites provide HSR manufacturers with superior design flexibility, along with other advantages such as high strength-to-weight ratio, corrosion-resistance, non-conductivity, dimensional stability, and low thermal conductivity,” says Faisal Ghaus, Vice President of Technavio Research.
“Advanced composites also possess fire-safety characteristics and comply with regulatory FST standards, which bode well for the growth of the market.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
