Rolling Stock - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Rolling Stock Market is accounted for $51.60 billion in 2020 and is expected to reach $79.79 billion by 2028 growing at a CAGR of 5.6% during the forecast period. Rising demand for energy-efficient transport and increasing stipulation for comfort and safety are the major factors propelling the market growth. However, refurbishment of existing rolling stock and requirement of high R&D investments are hampering the market growth.
Rolling stock term is used in railway transportation industry, which refers any vehicle that can move on rail-road. It includes powered vehicles such as locomotives and unpowered vehicles such as freight wagons, passenger coaches, and more. They operate automatically and are monitored or controlled from the control station. Automated trains or the driverless trains, which do not involve a driver to carry out its operations or working. Further, in case of any obstacle incurred in the route, a message is sent to operational control centre and to the attendant on the train, to stop the train.
Based on product type, the locomotive segment is going to have a lucrative growth during the forecast period owing to the increasing focusing on developing technologically advanced solutions on account of the rising concerns about transmission losses, component weight, and environmental concerns. Due to increasingly stringent fuel efficiency norms in North America and Europe, the diesel engine features the turbocharged technology which provides a 50% increase in engine power without additional increase in fuel cost as power is generated by the exhaust gas from the engine. The rolling stock industry is gradually shifting towards diesel-electric and electric locomotives.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the large-scale adoption of rail vehicles for transporting passengers and goods. Moreover, the growth of the regional market can also be attributed to the increase in investments in metro and electric trains in countries such as China, India, and Japan. With these three countries also topping the list of passenger-kilometre per year, in addition to those major manufacturers of rolling stock market are headquartered in this region.
Some of the key players profiled in the Rolling Stock Market include Alstom, Siemens Mobility, Bombardier Transportation, General Electric, Hyundai Rotem Company, Kawasaki Heavy Industries, Stadler Rail AG, CRRC Corporation Limited, Trinity Rail Group, LLC, Hitachi Railway Systems, The Greenbrier Co, Wabtec Corporation, Transmashholding, and Talgo.
• Air Conditioning System
• Auxiliary Power System
• Passenger Information System
• Position Train Control
• Traction Motors
• Train Control Sytem
• Wheel Sets
Product Types Covered:
• Rapid Transit
• Conventional Locomotive
• Turbocharge Locomotive
• Freight Application
• Passenger Application
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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