Market Research Report
Global Rolling Stock Market By Product Type(EMU, Diesel Locomotive, Wagon & Others), Application(Passenger Coach & Freight Wagon), Locomotive Technology(Conventional/Turbocharge Locomotive&Maglev), Region, Competition, Forecast & Opportunities 2024
|Published by||TechSci Research||Product code||816978|
|Published||Content info||122 Pages
Delivery time: Inquiry
|Global Rolling Stock Market By Product Type(EMU, Diesel Locomotive, Wagon & Others), Application(Passenger Coach & Freight Wagon), Locomotive Technology(Conventional/Turbocharge Locomotive&Maglev), Region, Competition, Forecast & Opportunities 2024|
|Published: March 19, 2019||Content info: 122 Pages||
Global Rolling Stock Market By Product Type (EMU, Diesel Locomotive, Wagon & Others), By Application (Passenger Coach & Freight Wagon), By Locomotive Technology (Conventional Locomotive, Turbocharge Locomotive & Maglev), By Region, Competition, Forecast & Opportunities, 2024.
Global rolling stock market is projected to surpass $76 billion by 2024 from around $ 59 billion in 2018. Approval of new railway lines and high-speed railway projects coupled with growing need for energy efficient transport are the major factors expected to fuel the market. Rolling stock is referred to as any wheeled vehicle running on a railway track, like locomotives, passenger coaches and freight wagons. Rolling stock has facilitated easy transportation with benefits such as cost-effectiveness, reliability and comfort. Thus, the demand for rolling stock has been on a steady rise over the past few years and this trend will continue during the forecast period. Moreover, government initiatives to promote public transport as a means of reducing traffic congestion and pollution is also bolstering the global rolling stock market.
Based on locomotive technology, global rolling stock market has been categorized into conventional locomotive, turbocharge locomotive and maglev. The turbocharge locomotive category accounts for the largest share among all the locomotive technology types, majorly owing to increasing power offered by turbocharge locomotives with no additional fuel costs.
In terms of product type, the market has been categorized into electric locomotive, diesel locomotive, EMU, DMU, electro-diesel locomotive, subway/metro, light rail/tram, wagon and coach. Owing to growing demand for dedicated freight corridor in a country, the EMU category is anticipated to capture the largest market share in the coming years.
Rolling stock market is well-established in Western European and North American countries and is expected to grow linearly during the forecast period. Emerging economies such as India, Brazil, China, and Iran are expected to become most lucrative markets for global rolling stock players, backed by rapidly expanding industries and government initiatives aimed at developing advanced railway transport systems in these countries. Moreover, regional governments in Middle East & Africa and South America have already launched several programs to improve and expand their railway networks, thereby offering further growth opportunities to market players.
Global rolling stock market is consolidated in nature due to increasing number of mergers & acquisitions. Some of the leading players in global rolling stock market are CRRC Corporation Limited, Bombardier Inc., CAF, Alstom SA, Trinity Industries, Kawasaki Heavy Industries Ltd. And others.
Years considered for this report:
Some of the leading players in global rolling stock market are CRRC Corporation Limited, Bombardier Inc., Alstom SA, Siemens AG, Kawasaki Heavy Industries Ltd., General Electric Company, Transmashholding AG, Stadler Rail AG, Greenbrier Industries, CAF, Hyundai Rotem Co. Ltd., Trinity Industries, Mitsubishi Heavy Industries, Ltd., etc.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of rolling stock vendors across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major rolling stock manufacturers across the globe.
TechSci Research calculated global rolling stock market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global rolling stock market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in global rolling stock market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
13.3.1 CRRC Corporation Limited
13.3.2 Bombardier Inc.
13.3.3 Alstom SA
13.3.5 Kawasaki Heavy Industries Ltd.
13.3.6 General Electric Company
13.3.7 Transmashholding AG
13.3.8 Trinity Industries
13.3.9 Greenbrier Industries
13.3.10 Mitsubishi Heavy Industries, Ltd.
(Note: The companies list can be customized based on the client requirements)