Locomotive Front Lighting System Market to Grow at 1.88% CAGR During the Period 2017-2021

Marketsizeforecasters.com adds new global locomotive front lighting system market report that lists top active companies as General Electric, OSRAM SYLVANIA, and Philips Other Prominent Vendors in the market are: AMGLO KEMLITE LABORATORIES, Railhead Corporation, and TransLight Corp Commenting on the report, an analyst team said: ?OEMs are increasingly replacing incandescent bulbs and halogen lights with LED headlights as LED bulbs have a high lifespan, which is about 10% higher than incandescent bulbs. In addition, LED bulbs can operate without any extra maintenance. LEDs operate at a lower temperature as compared to incandescent bulbs, which significantly helps the lighting systems to have a higher operational life than conventional locomotive lighting systems. LEDs are estimated to have about 100,000 hours of operational capacity, whereas an incandescent bulb has about 5,500 hours of life. Hence, LEDs are considered to be highly reliable as compared with other types of locomotive lighting.? According to the report, public transportation provides comfortable and cheaper means of travel wherein the passengers can avoid difficulties of negotiating through heavy traffic conditions on the road. In addition, governments are encouraging the use of public transport for reducing the number of vehicles on the roads and thereby reduce traffic congestion and vehicular pollution. Government bodies are developing alternative modes of cheap public transport to decrease the dependency of public on roads. Further, the report states that the majority of the freight is transported by the roads. Roads offer the convenience of connectivity that cannot be guaranteed in the case of rail. Rails have limited loading and unloading stations, which greatly discourages freight operators from opting for railroads for freight transport. In addition, the additional costs incurred in loading and unloading of cargo at the train stations and transportation for connecting warehouses to the railway stations are driving operators to opt for road freight transport. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Technavio Analyst

Analysts from Technavio regularly contribute to the news section on MarketSizeForecasters.com. Technavio is a leading market research company with global coverage. Their research and analysis focus on emerging market trends to help businesses identify market opportunities and develop effective strat...

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