The rolling stock market value was $55.4 billion in 2020. The global rolling market is forecast to grow at a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2021-2027.
Rolling stock is a type of vehicle that can move on a railroad. It finds application in the railway transportation industry. The number of vehicles consists of both powered and unpowered ones, including railroad locomotives and passenger coaches. There is currently an increase in the use of autonomous rolling stocks. An example of automation is driverless trains, which operate or work without any driver involvement. The control station monitors or controls them automatically. Also, the crew of the train and the control center are informed about any obstacles encountered while traveling, triggering the train’s stopping.
It is one of the most inexpensive modes of transportation for commuting and moving heavy or bulky goods over long distances. The system can also be adapted according to the end-users requirements and comes with a larger carrying capacity than other modes.
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Factors Impacting
- An increase in the allocation of the budget for the development of railways and an increase in the use of public transport as a solution to reduce traffic congestion go hand in hand in driving the growth of the rolling stock market.
- High capital requirements and the necessity to refurbish existing rolling stocks are preventing rolling stock market growth.
- A rise in the number of autonomous trains being developed & tested, a strengthening of the railway infrastructure, especially in developing countries, and industrial & mining expansions, are all expected to provide numerous opportunities for the rolling stock market.
Covid-19 Impact
In response to World Health Organization instructions, governments of several nations have set up lockdowns and trade restrictions, leading to disruptions in exports, especially from China, interruptions in manufacturing across Europe, and the closure of factories in the U.S. The rolling stock industry is under intense pressure due to this situation. Along with disruptions in initial supply and manufacturing processes, the industry is experiencing a setback with an uncertain recovery timeline due to decreased demand. Due to the temporary shutdown of manufacturing plants, the rolling stock market is forecast to experience negative growth due to reduced rolling stock production. In addition, the demand for rolling stock varies widely according to government budgets and rail operator demand. In contrast, budget allocations for rail network expansion may suffer due to pandemics, which could hamper the need for rolling stock during a pandemic.
Regional Analysis
Region-wise, the Asia-Pacific market is forecast to grow at a higher CAGR during the forecast period from 2021-2027, owing to an increase in production, domestic demand, and capacity expansions by rolling stock manufacturers in the country.
Company Profile
Several leading competitors profiled in the rolling stock market include:
- Alstom SA
- Hitachi Ltd.
- Bombardier Inc
- China Railway Rolling Stock Corporation Limited
- The Greenbrier Companies Inc.
- General Electric Company
- Siemens AG
- TrinityRail Group LLC
- Stadler Rail AG
- CJSC Transmashholding
- Others
Segment Analysis
The global rolling stock market segmentation consists of Type, End-Use, and Region.
Segmentation based on Type
- Locomotives
- Diesel locomotives
- Electric locomotives
- Electro-diesel locomotives
- Other locomotives
- Metros
- Monorails
- Trams
- Freight wagons
- Passenger coaches
- Others (Hyperloop and bullet trains)
Segmentation based on End-Use
- Passenger transit
- Cargo train
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Rolling Stock Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Rolling Stock market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Rolling Stock Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Rolling Stock market Size Forecast (2023-2032).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Rolling Stock market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Rolling Stock market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Rolling Stock market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Rolling Stock business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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