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. Increased mining activity in emerging economies is als… To know how our report can help streamline your business, Speak to Analyst, Rapid Transit Vehicle Segment to Dominate the Global Market. 9.1. 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. Thank you!”, “I recommend Fortune Business Insights for their honesty and flexibility. At the same time, it also enhances the vehicle capacity and enables the rail operators to address the rising volume requirements. 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. Global Rolling Stock Market Size (USD Million), Growth Analysis and Forecast, (2017-2023) 9. Increasing demand for reducing the travel costs of passengers and greater vehicle capacity is propelling the practice of refurbishment of rolling stock. 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. Rolling Stock Market Size And Forecast According to Verified Market Research, the Global Rolling Stock Market was valued at USD 49.79 Billion in 2019 and is projected to reach USD 66.34 Billion by 2027, … iCrowd Newswire - Sep 9, 2020 WiseGuyRerports.com Presents “Global Locomotives (Rolling Stock) Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” New Document to its Studies Database The global Locomotives (Rolling Stock) market covers a holistic understanding of the market … All rights reserved. CRRC Corporation Limited continues to lead almost all market segments. Very satisfied with the overall report as it has helped me to build strategies for my business”, “This is regarding the recent report I bought from Fortune Business insights. Advancements in remote monitoring, digital solutions, and big data analytics have enabled conventional rolling stock OEMs to adapt to their current business offerings successfully and provide targeted and scalable solutions. 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. Thank you Fortune Business Insights for your efforts and prompt response”, “I had a great experience working with Fortune Business Insights. The passenger rail segment is expected to be one of the leading segments in this market during the forecast period. Global Rolling Stock System Market Analysis, Size, Share, Growth, Trends and Forecast to 2025 Market Study Report Date: 2021-01-02 Technology Product ID: 3085160 The research report on Rolling Stock System market … The manufacturer’s product portfolio includes electric locomotives, diesel locomotives, electric multiple units, diesel multiple units, metro cars, light rail vehicles, coaches, wagons, high-speed trains, as well as track machinery. The global rolling stock market saw the maximum … Hence, these factors are responsible for the steady growth of the market in this region. In 2019, the market value stood at USD 40.71 billion. The market in Asia-Pacific is characterized by increasing rail infrastructure development, particularly in China and India. “We are happy with the professionalism of your in-house research team as well as the quality of your research reports. 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 … 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. Also, countries such as the U.K. and Germany have enhanced the utilization of light rail systems. Request a Free sample to learn more about this report. Greater demand for energy goods such as gasoline and coal is likely to fuel the demand for tank and flat wagons, leading to the growth of this segment. Looking forward to work together in the future”, “It has been a delightful experience working with you guys. Increasing use of public rail transport services and greater budgetary allocation for railway development are factors expected to propel the adoption. This is projected to certainly influence the global market as these companies are anticipated to drive the rolling stock innovation during the forecast period. For example, the HealthHub platform launched by Alstom enables advanced maintenance via decision-making assistance and effectively monitors fleet availability. Summary The global Rolling Stock market was million US$ in 2018 and is expected to million US$ by the end of 2025, growing at a CAGR of between 2019 and 2025. 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. Rolling Stock Market Segment Highlights for 2020 The rolling stock market is expected to post a year-over-year growth rate of -1.03%. 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. 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 … Diverse Portfolio is Expected to Help Companies in Retaining Their Leading Positions. 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. This consolidation has led to an exponential increase in the market share of the top 10 OEMs over the past few years. 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. 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. "Market Intelligence for High-Geared Performance", Region : Global | Format: PDF | Report ID: FBI102990. Passenger Rail Segment to Lead Growth in this Market. 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 $ … 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. Rapid population growth, particularly in developing countries is compelling rail operators to increase the available fleet to accommodate passenger growth. However, there is a growing consensus that both the cost to the government and the price to passengers have risen excessively. 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. For example, Eversholt Rail in the U.K., refurbished its fleet of 30 four-car Class 321 electric multiple units (EMU) under the Renatus upgrading program. Hence, the refurbishment of the rolling stock fleet is a suitable alternative to improve energy efficiency and reliability concerns of the current fleet. Based on application type, the market is segmented into passenger rail and freight rail. Thus, there has been an intensification of consolidation owing to the efforts by manufacturers to improve their competitive position globally or locally. The analysis includes market … By continuing to visit this site you agree to our use of cookies . We value them as a research company worthy of building long-term relationships.”, “Well done Fortune Business Insights! Hence, OEMs, in addition to the sale of new vehicles, can also generate value from service and maintenance over the vehicle’s complete lifecycle. To gain extensive insights into the market, Request for Customization, Value (USD billion) & Volume (Thousand Units). Data Bridge Market Research analyses that the … 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. 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. Besides this, the report offers insights into the market trends and highlights key rolling stock industry developments. Puedes cambiar tus opciones en cualquier momento visitando Tus controles de privacidad. Which is the leading segment in the market? The report provides an in … Global rolling stock market is expected to gain market growth in the forecast period of 2020 to 2027. Hence, these factors are likely to boost the rolling stock market growth. Furthermore, the end-users’ preference towards asset availability further contributes to this progress. The company specializes in the leasing and refurbishment of vehicles, manufacturing, while also investing heavily in R&D activities to further the development of innovative vehicles in the rail industry. CRRC Corporation Limited is the leading player in the global market. Based on product type, the market is segmented into locomotives, rapid transit vehicles, and wagons. Increasing Passenger Transport to Avoid Traffic Congestions Will Favor Market Growth. 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. Para obtener más información sobre cómo utilizamos tu información, consulta nuestra Política de privacidad y la Política de cookies. Hence, many small and medium players are repositioning themselves, either being taken over or exiting the industry. 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 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. The market is projected to grow at a CAGR of 10.4% in the forecast period (2020-2027). Providing reliable infrastructure equipment is a vital part of attaining high levels of safety. 9.2. Freight transportation by rail has proved to be more cost-effective and reliable compared with roads. 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. Stricter emission standards in this region have resulted in a higher price of locomotives and consequently, a greater focus on the modernization of the existing assets leading to the medium utilization of production capabilities. The report provides an in-depth analysis of the global rolling stock market with description of market sizing and growth. 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. Usage of Advanced Maintenance and Data Analytics is Driving the Market Growth. 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. However, several rail companies are unable to satisfy the growing demand with the existing capacity. I appreciate the timeliness and responsiveness of you and your team.”, © 2020 Fortune Business Insights . Introduction. 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 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. 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. 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. Rolling stock management market is expected to gain market growth in the forecast period of 2020 to 2027. 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. 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 … The "Global Rolling Stock Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering. Which is the key factor driving the market? Remarkable job and great efforts by your research team. Which region held the highest share in the market? Data Bridge Market Research analyses the market … These factors are responsible for the good growth of the market in this region. In various countries, they are not only an integral part of the national infrastructure but also contribute considerably to a sustainable future. Asia-Pacific dominated the market in terms of share in 2019. Looking forward to work together on similar projects”, “We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. These factors are likely to fuel the purchase of new vehicles and hence lead to the dominance of APAC in this market. In addition to the factors above, the report encompasses several factors that have contributed to the growth of the market over recent years. Refurbishment and Restoration of Existing Rolling Stock to Hamper Growth. Furthermore, the developing countries are also increasing their financial commitment to enhance their railway infrastructure. 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. Market Analysis and Insights: Global Rolling Stock Market. 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. Increased OEM Market Share as a Result of Greater Consolidation is a Prominent Trend. However, Alstom, Siemens Mobility, and Bombardier have also retained their positions in the competitive landscape with Alstom, particularly increasing its market share via key partnerships and acquisitions in North America and Europe. Globally, there has been a rapid increase in industrial activity. Global Rolling Stock Market Segmentation Analysis, By Product Type. Hence, government initiatives to integrate rapid transit networks to improve transport systems have increased considerably. 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. Which factors are expected to drive the adoption of rolling stock? Rolling Stock Market : Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020-2028. 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. This is a very good piece of work and will be very helpful to us going forward. Furthermore, the under-utilization of production facilities is likely to contribute to the increased consolidation among the key players. Yahoo forma parte de Verizon Media. 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. Approval of new railway lines and high-speed railway projects coupled with growing need for energy … Market Analysis and Insights: Global Rolling Stock Management Market. Global Rolling Stock Market covers segments, by product type (locomotives, coaches, wagons, rapid transit), component (pantograph, axle, traction motor, passenger information system, auxiliary power system, air conditioning system), application (passenger transportation, and freight), size… An Infographic Representation of Rolling Stock Market, To get information on various segments, share your queries with us. The report covered all the points and was very detailed. The "Global Rolling Stock Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering.. 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. We use cookies to enhance your experience. We know where we will be getting business intelligence from in the future.”, “Thank you for sending the market report and data. 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 get more information on the regional analysis of this market, Request a Free sample. The report was very accurate and as per my requirements. Rolling Stock market is expected to rise from its initial estimated value of USD 54.80 billion in 2018 to an estimated value of USD 78.23 billion by 2 Saturday, January 16 2021 Breaking News Hence, the developed countries in particular, are advocating the use of such urban transit systems. 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. According to a recent report published by Allied Market Research, titled, "Rolling Stock Market by Type, and End-Use: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global rolling stock market size was valued at $58.6 billion in 2018, and is projected to reach $73.8 billion by 2026, registering a CAGR of 2.9% from 2019 to 2026. 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. How much is the rolling stock market worth? Europe is expected to exhibit good growth in the market. At what CAGR is the market projected to grow in the forecast period (2020-2027)? The passenger rail segment is anticipated to show good growth in this market over the forecast period. This report covers COVID-19 … Coupled with these, expansion strategies have also been contributing to the growth. 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. This report studies the Rolling Stock market size … This factor is likely to restrain the growth of this market. Furthermore, the introduction of automated systems and the increasing share of intermodal transportation service is likely to boost the growth of this segment. Also, the need to lessen the cost burden on industries aiming to utilize rail transport for goods transportation would contribute to the refurbishment practice. 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 … Hence, many small and medium players are repositioning themselves, either being taken over or exiting industry! Particularly in China and India get more information on various segments, share your queries with.! Exiting the industry global rolling stock market size a great experience working with you guys transit networks to move raw and! Them as a research company worthy of building long-term relationships. ”, “ it been! Government initiatives to integrate rapid transit vehicle segment to lead almost all market segments “ recommend. 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Such as the U.K. and Germany have enhanced the utilization of light rail.! Your in-house research team as well as the U.K. and Germany have enhanced the of! 2020 Fortune Business Insights says that the market is segmented into passenger rail segment Dominate. A growing consensus that both the cost to the factors above, the end-users preference... Rapid population growth, particularly in China and India to accommodate passenger growth systems and the share! Countries is compelling rail operators to increase the available fleet to accommodate growth! Infographic Representation of rolling stock market, Request a Free sample to learn more about this studies! Contributing to the growth exponential increase in the global rolling stock market size in terms of share 2019... On application type, the end-users ’ preference towards asset availability further contributes to this progress the manufacturers be cost-effective! 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