Industry Outlook and Trend Analysis
The Rolling Stock Market was worth USD 43.56 billion in 2014 and is expected to reach approximately USD 59.68 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 3.56% during the forecast period. Rolling stock has encouraged convenient transportation with advantages, for example, reliability, comfort, and cost-effectiveness. Therefore, the demand for rolling stock has been on a consistent rise in the course of recent years and this pattern will proceed over the estimate time frame. Developing concentration of populace in urban territories is anticipated to expand demand for rail vehicles, for example, local trains, passenger rails, and trams. As of late, passengers have been showing interest for high-speed trains over the customary kind attributable to quicker transportation and more comfort. In this manner, governments around the globe are putting resources into tramways and commuter trains to upgrade the selection of passenger rails.
Product Outlook and Trend Analysis
The rapid transit vehicle portion is anticipated to witness solid development over the conjecture time frame inferable from fast and improved comfort offered by these vehicles. Additionally, demand for computerized trains and magnetic levitation trains for open transportation are anticipated to ascend over the figure time frame.
Type Outlook and Trend Analysis
Diesel vehicles are usually used for transportation of heavy goods in many areas. They are broadly used in ventures, for example, mining, manufacturing, and oil and gas for transportation of products attributable to their highlights, for example, high-torque engines and cost-effectiveness. Electric vehicles are anticipated to shape the quickest developing portion in the rolling stock market inferable from advantages, for example, diminished contamination and improved proficiency of vehicles.
Train Type Outlook and Trend Analysis
The demand for traveller rails has been increasing globally. Additionally, passenger rails are mass transit systems and consequently, more cost-effective in comparison to roadways. Metros, trams, and high-speed trains are the most favoured passenger rails, attributable to their quicker transportation service.
Regional Outlook and Trend Analysis
The Asia Pacific district is evaluated to command the market for rolling stock over the figure time frame attributable to huge scale selection of rail vehicles for transporting passengers and goods. The development of the regional market can likewise be ascribed to increment in interests in metro and electric trains in nations, for example, Taiwan, India, and China. MEA is foreseen to be the quickest developing area over the conjecture time frame attributable to expanding usage of rolling stock in the oil and gas and mining businesses for transportation of goods.
The leading players in the market are Alstom Transport, Stadler Rail, The Greenbrier Companies, Bombardier Transportation, CRRC, Hitachi Rail Systems, Hyundai Rotem, GE Transportation, Siemens Mobility and Trinity Rail Group LLC. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Rolling Stock Market is segmented as follows-
Rapid Transit Vehicle
By Train Type:
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?