Market Research Report
Rolling Stock Global Market Report 2022
|Rolling Stock Global Market Report 2022|
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
“Rolling Stock Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global rolling stock market.
This report focuses on rolling stock market which is experiencing strong growth. The report gives a guide to the rolling stock market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the rolling stock? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Rolling Stock market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider rolling stock market, and compares it with other markets.
Major players in the rolling stock market are: Alstom Holdings SA, Bombardier Inc., Construcciones y Auxiliar de Ferrocarriles SA, CRRC Corporation Limited, GE Transportation, General Electric, Hitachi Ltd., Hyundai Rotem Company, Kawasaki Heavy Industries Ltd., Siemens AG, Stadler Rail AG, Transmash Holding, Electro-Motive Diesel (EMD), Skoda Transportation AS, Talgo SA, TrinityRail, and Wabtec Corporation.
The global rolling stock market is expected to grow from $49.16 billion in 2021 to $53.65 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The rolling stock market is expected to grow to $66.82 billion in 2026 at a CAGR of 5.6%.
The rolling stock market consists of sales of rolling stocks by entities (organization, sole proprietor, partnerships) that are used to maximize passenger capacity, enhance safety and security, and improve the bottom line. Roling stocks are employed in the railway transportation industry, which includes all vehicles that can travel by rail. Powered locomotives and unpowered freight wagons, passenger coaches, and other vehicles are all part of the rolling stock industry.
The main types of products in the rolling stock market are: locomotives, rapid transit vehicles, and wagons. The locomotive rolling stock by entities is driven by the diesel oil, or electricity as fuel it is an internal combustion engine where it burns heavy diesel oil and generates energy from that for the movement of the engine or it helps for the locomotion. The different locomotive technologies include conventional locomotive, turbocharge locomotive, and maglev and involve several components such as pantograph, axle, wheelset, traction motor, auxiliary power system, and others. The various end-users include passenger transit and cargo trains.
Asia Pacific was the largest region in the rolling stock market in 2021. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the rolling stock market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The demand for energy-efficient transport systems is expected to propel the growth of the rolling stock market going forward. Efficient transportation systems allow people and products to move while saving time, money, and energy. Rolling stocks are used in trains and help to reduce energy consumption, as a result, rising demand for energy-efficient transportation systems drives up demand for rolling stocks. For instance, according to UIC (International Union of Railways) in the year 2019, European railway companies have pledged to cut CO2 emissions per passenger kilometer and each tonne-kilometer by 50% by 2030. These initiatives are also reflected on the public websites of numerous railway companies. Therefore, the demand for energy-efficient transport systems is driving the growth of the rolling stock market.
The Conversion of diesel locomotives to electric and electro-diesel locomotives is a key trend gaining popularity in the rolling stock market. Diesel locomotives have a low life span upon conversion of diesel locomotives to electric and electro-diesel locomotives they have a lifespan of 5-10 years more. For instance, in February 2019, Prime Minister Narendra Modi flagged off the first converted locomotive in Varanasi which was pitched by the railways as the world's first-ever diesel to an electric converted locomotive and also Indian railway converted three diesel locos into electric ones at a cost of around $0.02 billion (Rs 2 crore) each conversion.
In May 2020, CRRC Zhuzhou Locomotive, a subsidiary of China Railway Rolling Stock Corporation, a China-based rolling stock manufacturer, acquired locomotive manufacturer Vossloh Group for an undisclosed amount. The acquisition of Vossloh Locomotives by Chinese manufacturer CRRC marks a significant milestone in the company's entry into the European rail market. Vossloh Locomotives is a subsidiary of Vossloh AG, which is a Switzerland-based manufacturer of diesel-powered shunters used in rolling stocks, in the European Economic Area.
The countries covered in the rolling stock market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.