Market Definition: Rolling Stock Market
This report is the vital in positions, estimate, generation, utilization, income, and furthermore market share and increment space of industry in these locales, by 2026, Several attributes of industry, together with cost, gross, expansion ratio, market depth and allocation, requirement, export, and import study, proceedings, the capability of implementation value and CAGR up to 2026 are also highlighted in this report.
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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This report offers the market share from different countries and regions. Top key market players market share analysis are included in the report. The market observations such as constraints, drivers, threats, opportunities, investment opportunities, challenges, and recommendations are included in the report.
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.
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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.