Market Research Report
Global Rolling Stock Market Research Report - Forecast till 2025
|Published by||Market Research Future||Product code||909753|
|Published||Content info||133 Pages
Delivery time: 1-2 business days
|Global Rolling Stock Market Research Report - Forecast till 2025|
|Published: July 31, 2019||Content info: 133 Pages||
Global Rolling Stock Market Research Report: Information by Type (Diesel and Electric), by Product Type (Wagon, Rapid Transit Vehicle and Locomotive), by Train Type (Rail Freight and Passenger Rail) and by Region (North America, Europe, Asia-Pacific (APAC) and the Rest of the World) - Forecast till 2025
During the year 2018, Asia-Pacific seized the following major market share in the global rolling stock market. The endlessly mounting call for energy-efficient transport structures is probable to generate rewarding openings in the rolling stock market during the forecast phase. Additionally, the global rolling stock producers are intensifying their mark in Asia-Pacific as the region is a key market for metro and inter-city trainsets and main line locomotives. The same is likely to rise the mandate for rolling stock in the said region. In terms of value, the Global Rolling Stock Market is assessed to record a 4.98% CAGR through the forecast period. The Global Rolling Stock Market is probable to observe a quick development during the forecast period. Europe is projected to be the leading region in the rolling stock market, due to the presence of principal global rolling stock manufacturers, such as Alstom, Transmashholding, Siemens and Stadler Rail AG. These corporations offer inexpensive and technologically unconventional rolling stocks for a rise in their market share, which is also donating to the high usage of rolling stocks, all over the region.
During the year 2018, the diesel section seized the prime market segment. This segment has been observing substantial rise in the demands for rolling stocks due to the mounting need of high-torque engines in rail merchandise. The Global Rolling Stock Market has been segmented based on type, train type, product type and region. Based on type, the global rolling stock market is segmented into diesel and electric, viz; By Type - Diesel and Electric, By Train Type - Rail Freight and Passenger Rail and By Product Type - Wagon, Rapid Transit Vehicle, and Locomotive. The diesel section is projected to control the market, due to rising necessity of high-torque engines in rail freight. Based on product type, the global rolling stock market is fragmented into rapid transit vehicle, wagon and locomotive respectively. The wagon section is projected to grasp the supreme market share all over the forecast period due to the wide use of wagons for carrying cargos. This is predictable to upsurge the claim of wagons in the rolling stock during the said forecast period. Also, because of train type, the global rolling stock market is alienated into rail freight and passenger train. The rail freight part is likely to clutch the thoroughgoing market share, due to the amplified use of railways for the transference of goods. Additionally, the increasing industrial area in countries such as China and India, are anticipated to offer promising growth occasions for the rail freight sector during the said forecast period. The global rolling stock market is further divided based on type, product, and train type. Also, regarding the type the global rolling stock market is divided into diesel and electric.
Geographically, the European region is forecasted to observe a substantial rise in the rolling stock market, due to the new production standards regulated by the administration and the government. The continuous efforts are being taken by the EU to decrease gas emanations, which is expected to hit the claim for electric mobility, over the forecast period. Germany is one of the largest producers of rolling stocks in Europe. The rolling stock trade in Germany is deep-seated and has been developing at a substantial pace in the past few years. The other important features leading to the rise of the rolling stock market in Germany are the growth in manufacturing companies, strict government guidelines regarding energy effective conveyance, and the starter of new freight machineries.
The bulging players in the global rolling stock market are companies like Hitachi, Ltd, GE Transportation, Electro-Motive Diesel (EMD ,Kawasaki Heavy Industries Rolling Stock Company, Construccionesy Auxiliar de Ferrocarriles, S.A (CAF) and), Siemens, CRRC Corporation Limited, Bombardier, Alstom, Transmashholding Stadler Rail AG and Hyundai Rotem Company.