global rolling stock market size

In various countries, they are not only an integral part of the national infrastructure but also contribute considerably to a sustainable future. Providing reliable infrastructure equipment is a vital part of attaining high levels of safety. Información sobre tu dispositivo y conexión a Internet, incluida tu dirección IP, Actividad de navegación y búsqueda al utilizar sitios web y aplicaciones de Verizon Media. Increasing demand for reducing the travel costs of passengers and greater vehicle capacity is propelling the practice of refurbishment of rolling stock. The global rolling stock market has grown at a steady pace over the years and the market is further expected to increase progressively during the forecasted years 2020 to 2024. I appreciate the timeliness and responsiveness of you and your team.”, © 2020 Fortune Business Insights . Hence, planning the structure and volume of these products has been an increasing area of focus for the manufacturing companies to achieve maximum efficiency of rail transport, as well as forecasting the demand for these transport facilities. Which region held the highest share in the market? The market in Asia-Pacific is characterized by increasing rail infrastructure development, particularly in China and India. The global rolling stock market size is anticipated to reach USD 75,118.9 million by 2025 registering a CAGR of 4.2% from 2019 to 2025, according to a new report by Grand View Research, Inc. Factors … To know how our report can help streamline your business, Speak to Analyst, Rapid Transit Vehicle Segment to Dominate the Global Market. Furthermore, the presence of companies such as Trinity Industries which provides specialized manufacturing in the freight wagon segment is likely to provide intense competition to the globally established players. 1.5.1 Germany Rolling Stock Market Size and Growth Rate from 2014 to 2026 1.5.2 UK Rolling Stock Market Size and Growth Rate from 2014 to 2026 1.5.3 France Rolling Stock Market Size and Growth Rate from 2014 to 2026 1.5.4 Italy Rolling Stock Market Size … Industries need transportation networks to move raw materials and finished goods efficiently. The program would enable the expansion of high-speed mileage to 38,000 km in 2025 and improve the existing railway infrastructure which would permit the purchase of multiple unit trains that can reach speeds of 350 km/h. Europe (U.K., Germany, France, Russia, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia- Pacific), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. The "Global Rolling Stock Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering. Fortune Business Insights says that the market size was USD 40.71 billion in 2019 and is projected to reach USD 52.92 billion by 2027. To gain extensive insights into the market, Request for Customization, Value (USD billion) & Volume (Thousand Units). Also, the reliability of various types of wagon such as open wagons, hopper wagons, and platform wagons, coupled with the initiatives by various governments to enhance transportation infrastructure is expected to positively impact the growth of this segment. The global rolling stock market size was USD 40.71 billion in 2019 and is projected to reach USD 52.92 billion by 2027, exhibiting a CAGR of 10.4% during the forecast period. The global rolling stock market has augmented at a steady pace over the years and the market is further expected to increase progressively during the forecasted years 2020 to 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 … Request a Free sample to learn more about this report. For example, the HealthHub platform launched by Alstom enables advanced maintenance via decision-making assistance and effectively monitors fleet availability. What was the value of the global market in 2019? These factors are responsible for the good growth of the market in this region. Thank you Fortune Business Insights for your efforts and prompt response”, “I had a great experience working with Fortune Business Insights. In 2019, the market value stood at USD 40.71 billion. Para obtener más información sobre cómo utilizamos tu información, consulta nuestra Política de privacidad y la Política de cookies. Rolling Stock Market Size 2021 Including Growth Factors, Applications, Regional Analysis, Key Players and Forecasts to 2027; High-Intensity Discharge (HID) Light Market 2021 Leading Growth … At the same time, it also enhances the vehicle capacity and enables the rail operators to address the rising volume requirements. In China, the efforts to rapidly expand the high-speed train network under the eight horizontal and eight vertical high-speed rail network program has been proposed by the China Railway Corporation (CRC). North America is also projected to show steady growth in this market. CRRC Corporation Limited continues to lead almost all market segments. Rolling Stock Market 2020 Global Industry Research report 2020 covers a detailed study of the Rolling Stock Market size, growth, and share, trends, consumption, segments, application and … Published: December, 2020 Page: 324 Format: Category: Automotive & Instrumentation Get 20% Free … The passenger rail segment is expected to be one of the leading segments in this market during the forecast period. Also, the need to lessen the cost burden on industries aiming to utilize rail transport for goods transportation would contribute to the refurbishment practice. Global Rolling Stock Market report comprises of crucial aspects of the market that contains industry research, market sizing & forecast, competiti Monday, January 25 2021 Breaking News We use cookies to enhance your experience. The rolling stock market size was valued at $58.6 billion in 2018, and is projected to reach at $73.8 billion by 2026, growing at a CAGR of 2.9% from 2019 to 2026. By continuing to visit this site you agree to our use of cookies . For instance, a capital investment of USD 3.9 billion by the Canadian National Railway in the Saskatchewan province is enabling innovations in locomotives, rail infrastructure, and promoting growth from all commodity segments. The "Global Rolling Stock Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering.. Diverse Portfolio is Expected to Help Companies in Retaining Their Leading Positions. Puedes cambiar tus opciones en cualquier momento visitando Tus controles de privacidad. The passenger rail segment is anticipated to show good growth in this market over the forecast period. In addition to the factors above, the report encompasses several factors that have contributed to the growth of the market over recent years. Hence, many small and medium players are repositioning themselves, either being taken over or exiting the industry. The global rolling stock market size was USD 40.71 billion in 2019 and is projected to reach USD 52.92 billion by 2027, exhibiting a CAGR of 10.4% during the forecast period. Furthermore, the transportation of bulk commodities to metallurgical and power generation facilities is a key area that requires the use of rail wagons as a cost-effective solution. Hence, the refurbishment of the rolling stock fleet is a suitable alternative to improve energy efficiency and reliability concerns of the current fleet. Also, the Belt and Road Initiative (BRI) via projects such as the China-Europe Railway Express has further advanced the role of railways in freight transportation. An Infographic Representation of Rolling Stock Market, To get information on various segments, share your queries with us. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. Based on application type, the market is segmented into passenger rail and freight rail. Asia-Pacific dominated the market in terms of share in 2019. Factors such as reliability, cost efficiency coupled with the facilitation of easy transportation have propelled the adoption of these by end-users for transportation of goods, as well as passenger services. 9.2. The freight rail segment is expected to show steady growth in this market attributed to its wide range of applications in industries such as construction, oil and gas, automotive, and others. Increasing urbanization, coupled with greater consumer inclination towards trams, high-speed trains, metros, and others owing to their fast transportation service and economic benefits are responsible for the growth in this segment. The use of remote support and predictive maintenance solutions facilitates this progress as it enables the OEMs to provide enhanced service models such as greater reliability in the committed provision of the available rolling stock fleet. The increasing use of big data analytics has allowed the OEMs to take over a greater number of tasks in the service business from owners and rail operating companies. This consolidation has led to an exponential increase in the market share of the top 10 OEMs over the past few years. Introduction. Looking forward to work together in the future”, “It has been a delightful experience working with you guys. The wagons segment is projected to show steady growth in this market owing to the increasing demand among various industries for the transportation of goods. It refers to rail transit vehicles, which includes both powered and unpowered vehicles such as railcars, wagons, coaches, locomotives, as well as vehicles used for support services. Hence, OEMs are likely to benefit from the expansion into the service sector as rail operators lack the scale to develop such solutions in-house. Usage of Advanced Maintenance and Data Analytics is Driving the Market Growth. Hence, the developed countries in particular, are advocating the use of such urban transit systems. The analysis includes market … Increasing share of the rolling stock value chain being captured by the tier-1 suppliers has resulted in the increased collaboration efforts with OEMs on R&D for new vehicles. Furthermore, the technological advancement of automated trains and greater development focus on technologies such as magnetic levitation trains are likely to impact the growth of the rapid transit vehicle segment. The modernization is expected to deliver cost-effective transformation, prevent major fleet breakdowns, and provide passengers with a comfortable experience comparable to a new train. “We are happy with the professionalism of your in-house research team as well as the quality of your research reports. The rapid transit vehicles (RTV) segment is anticipated to show significant growth in the market owing to their reliability and efficiency, coupled with their ability to provide comfortable high-speed operation. The report covered all the points and was very detailed. The demand for automotive vehicles has increased considerably owing to the growing income levels of consumers which has led to a rise in the traffic congestions in major urban areas across the globe. The report provides an in … Coupled with these, expansion strategies have also been contributing to the growth. The locomotives segment is also expected to show good growth in this market as a result of the expansion of rail networks, particularly in the developing countries, coupled with rapid urbanization which has created demand for sustainable transport systems and solutions. Looking forward to work together on similar projects”, “We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The demand for passenger rails has increased constantly as they are mass transit systems and hence, provide more cost-effective transportation, as compared to roadways. The data offered to us was exactly what we were looking for. Furthermore, the developing countries are also increasing their financial commitment to enhance their railway infrastructure. This report studies the Rolling Stock market size … This factor is likely to restrain the growth of this market. The "Global Rolling Stock Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering.. However, several rail companies are unable to satisfy the growing demand with the existing capacity. Nosotros y nuestros socios almacenaremos y/o accederemos a la información de tu dispositivo mediante el uso de cookies y tecnologías similares, a fin de mostrar anuncios y contenido personalizados, evaluar anuncios y contenido, obtener datos sobre la audiencia y desarrollar el producto. This report studies the Locomotives (Rolling Stock) market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market … The analyst 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 … Rolling stock management market is expected to gain market growth in the forecast period of 2020 to 2027. Global Rolling Stock Market Size (USD Million), Growth Analysis and Forecast, (2017-2023) 9. Besides this, the report offers insights into the market trends and highlights key rolling stock industry developments. According to this study, over the next five years the Locomotives (Rolling Stock) market will register a 3.6%% CAGR in terms of revenue, the global market size will reach $ 90270 million by 2025, from $ … Also, greater commuter inclination towards cost-effective yet eco-friendly means of transportation has increased the popularity of high-speed train networks. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”, “Please pass on our sincere thanks to the whole team at Fortune Business Insights. The market size of Locomotives (Rolling Stock) 4900 will reach xx in 2026, with a CAGR of xx% from 2020 to 2026. The global rolling stock market saw the maximum … To get more information on the regional analysis of this market, Request a Free sample. "Market Intelligence for High-Geared Performance", Region : Global | Format: PDF | Report ID: FBI102990. Increasing Passenger Transport to Avoid Traffic Congestions Will Favor Market Growth. OEMs are aggressively expanding their service business models via the use of advanced maintenance and data analytics which is a key factor driving the market. Rolling Stock Market : Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020-2028. Hence, the rail operators are less inclined to purchase new vehicles as rolling stock refurbishment programs provide a viable alternative to complete overhaul of the existing fleet. Yahoo forma parte de Verizon Media. All rights reserved. Greater adoption of new integrated solutions, increasing capital investment for research and development, and the continual push towards the after-sale market have been primarily driving the competitive pressure among OEMs. However, there is a growing consensus that both the cost to the government and the price to passengers have risen excessively. Hence, these factors are likely to boost the rolling stock market growth. This report covers COVID-19 … The report provides an in-depth analysis of the global rolling stock market with description of market sizing and growth. Para permitir a Verizon Media y a nuestros socios procesar tus datos personales, selecciona 'Acepto' o selecciona 'Gestionar ajustes' para obtener más información y para gestionar tus opciones, entre ellas, oponerte a que los socios procesen tus datos personales para sus propios intereses legítimos. Also, countries such as the U.K. and Germany have enhanced the utilization of light rail systems. Rapid population growth, particularly in developing countries is compelling rail operators to increase the available fleet to accommodate passenger growth. Freight transportation by rail has proved to be more cost-effective and reliable compared with roads. Data Bridge Market Research analyses that the … With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Locomotives (Rolling Stock) market … The rolling stock market research report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading applications of the product. With the Existing capacity share in the market value stood at USD 40.71 billion in 2019 attaining high levels safety... Appreciate the timeliness and responsiveness of you and your team. ”, “ it been... Help companies in Retaining their leading Positions light rail systems the forecast period ( 2020-2027 ), consulta Política! By manufacturers to improve transport systems have increased considerably been an intensification consolidation... Rail and freight rail to grow in the global market fuel the purchase of new vehicles and lead. 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