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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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
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.
This market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. Businesses can utilize this market report to obtain productive ideas with which product can be made more effective and impressive in the competitive market. The market research report is the high quality report having in-depth market research studies. In addition to detailing about competitive landscape of the key players, this report also offers complete and distinct analysis of the market drivers and restraints, detailed analysis of the market segmentation, key developments in the market and details of research methodology.
This market research report studies key opportunities in the market and influencing factors which is valuable for the businesses. It helps businesses obtain granular level clarity on current business trends and expected future developments. This market report also offers an in-depth overview of product specification, technology, product type and production analysis considering major factors such as Revenue, Cost, Gross and Gross Margin. With the proper utilization of established and advanced tools such as SWOT analysis and Porter’s Five Forces Analysis, this market report has been structured. It is a thorough investigation of current scenario of the global market, which covers several market dynamics.
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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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