PUBLISHER: Value Market Research | PRODUCT CODE: 1578195
PUBLISHER: Value Market Research | PRODUCT CODE: 1578195
The global demand for Rolling Stock Market is presumed to reach the market size of nearly USD 125.32 Billion by 2032 from USD 68.63 Billion in 2023 with a CAGR of 6.92% under the study period 2024-2032.
Rolling stock means rail transport vehicles that move on the railroad. It includes any part that moves along with a train to give power. It could be powered or non-powered, single or multi-units, such as locomotives or rail engines, tram, metro, monorail, passenger coaches etc. They run automatically and are monitored from the control station so that in the event of any obstruction on the road, they can be stopped. Four types of rolling stock are there-locomotives, passenger cars, coaches, carriages, freight cars etc. It is regarded as a cost-effective method to commute long distances or move heavy bulk goods. It can be customized and carry huge capacity compared to other modes of transport. It is extensively applied in automotive, oil and gas, mining etc.
The rolling stock market shows a positive graph during the projection period. The market drivers for this market are the increasing allocation of budget for the modernization of railways, the rising demand for an efficient and secure travel system, and the growing use of public transport services to cut down traffic. Additional factors such as infrastructural development in railway, the increasing adoption of autonomous trains and growing industrial and mining activities are likely to drive the market in the future. Moreover, affordable fare, environment-friendly nature and fastness in operation are other factors that will give a boost to this market. Growing electrification of rail transport will retain the rolling stock market with the growing investments in the metro, monorail etc., to cater to the demand of the urban population to save time, and money and avoid traffic.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Rolling Stock. The growth and trends of Rolling Stock industry provide a holistic approach to this study.
This section of the Rolling Stock market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Rolling Stock market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Rolling Stock market include CRRC Corporation, Trinity Rail, Alstom Transport, GE Transportation, Siemens Mobility, Stadler Rail AG, Hitachi Rail System, The Greenbrier Co., Hyundai Rotem, Kawasaki Heavy Industries Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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