Market Definition: Rolling Stock Market
Global rolling stock market is expected to rise from its initial estimated value of USD 54.80 billion in 2018 to an estimated value of USD 78.23 billion by 2026, registering a CAGR of 4.55% in the forecast period of 2019-2026.
Rolling stock is termed and described as any vehicle or transport system that is used on the rail tracks. It comprises of a number of vehicles that can be categorized as powered and unpowered. This term is coined due to its relation to the term used in business “stock”, which is considered a liquid asset, by which it means the value of the products can easily be determined and appropriate product values can be defined.
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Key Market Competitors: Rolling Stock Market
Few of the major competitors are CRRC, Bombardier, Alstom, Siemens AG, Kawasaki Heavy Industries Ltd., GENERAL ELECTRIC, TRANSMASHHOLDING, Stadler Rail, CAF Construcciones y Auxiliar de Ferrocarriles, S.A., HYUNDAI ROTEM COMPANY, MITSUBISHI HEAVY INDUSTRIES LTD., Talgo, TOSHIBA CORPORATION, Hitachi Ltd., Chittaranjan Locomotive Works, Tech Mahindra Limited, Niigata Transys Co.Ltd., Scomi Group Bhd, ABB, Strukton, DEUTA-WERKE GmbH, Thales Group, Deutsche Bahn AG, Lamifil, Balfour Beatty, American Equipment Company, Wabtec Corporation, CalAmp, Sinara Transportation Machines, Alucast Iran Co., and Randon Implementos.
The report performs the study of market drivers and market restraints thoroughly along with the analysis of the market structure. This market report endows with the plentiful insights and business solutions that will help to stay ahead of the competition. A class and transparency is strictly maintained while carrying out research studies of this report to offer an exceptional market research report for a specific niche. Businesses can achieve better insights to drive the business into right direction with the different segments covered in the market research report. This market analysis examines various segments which help for the quickest development amid the estimated forecast frame.
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Major Market Drivers & Restraints are as follows:
- Increasing adoption and preference of public transport due to high levels of traffic worldwide
- With rising demand of public transport, energy-efficient and comfort transport is also on the rise which is expected to drive the market growth
- Repair and renovation of already existent rolling stock is expected to restrain the market growth
- High amounts of capital and investments required for the production, sales and purchase of rolling stock is expected to restrain the market growth
Market Segmentation: Rolling Stock Market
- By Product Type:
- Diesel Locomotives
- Electric Locomotives
- Electro-Diesel Locomotives
- Rapid Transit
- Diesel Multiple Unit (DMU)
- Electric Multiple Unit (EMU)
- Light Rail/Tram
- By Application:
- Passenger Transportation
- By Locomotive Technology
- Conventional Locomotives
- Turbocharged Locomotives
- Electromagnetic Suspension
- Electrodynamic Suspension
- Induct rack
- By Component:
- Wheel Set
- Traction Motor
- Passenger Information System
- Air Conditioning System
- Auxiliary Power System
- Position Train Control
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Global rolling stock market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of rolling stock market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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