Global Rolling Stock Market: Industry Analysis and forecast 2020 – 2026

Global Rolling Stock Market was valued at US$ xx Mn. in 2019 and the total revenue is expected to grow about 4.8% from 2020 to 2026, reaching US$ xx Mn during a forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.Global Rolling Stock Market Global Rolling Stock Market: Overview

The vehicles run on rail tracks are called Rolling Stock vehicles. Electric locomotives utilize electric power from batteries, fuel cells, or overhead lines. The Locomotive has various types such as diesel steam, diesel pneumatic, diesel-hydraulic, diesel-mechanical, and diesel-electric. The diesel-electric locomotive has the highest market share.

High-Speed Connectivity and Comfort provided by the transit vehicle segment is anticipated to witness growth in the forecast period. In addition to that, the demand for magnetic levitation trains and automated trains, among the public is increased for public transportation, is expected to grow in the forecast period.

The global rolling stock market is growing at a high pace thanks to increased acquisitions and mergers. CRRC formed by the merger of CSR and CNR in June 2015, now it is one of the top leading players in the global rolling stock market. Also, CRRC is the leading market in new vehicle segments such as metro cars, high-speed trains, diesel locomotives, and electric locomotives. The key players have introduced innovative ideas & concepts to improve the manufacturing technologies for enhancing the product portfolios.

By type, the Diesel segment holds the major share of the global market in 2019 and is expected to maintain to grow at a CAGR of XX % during the forecast period. A surge in the adoption of Diesel vehicles for transportation of heavy goods applications such as oil & gas, mining, and manufacturing for transportation of goods has accredited the growth of the market. In addition, outdoor Diesel vehicles provide some benefits such as cost-effectiveness and high-torque engines, Manufacturers such as Bombardier Transportation CRRC, Alstom Transport, and Corporation Limited are developing turbocharged diesel to serve the demand for advanced rail vehicles.

Drivers

Increasing urbanization and industrialization lead to the rapid demand in commutation is causing road traffic in major cities. The traffic problems rising market for alternative transportation such as rail transport, which will directly play a vital role in the growth of the Rolling Stock Market. The rail transport offers faster and convenient transport of goods and passenger. Governments also planning to increase rail connectivity for intercity transport will propel the Rolling Stock Market in the forecasted period. Rail transport is reliable, eco-friendly, and cost-effective, developed countries such as France, Germany, and the UK are promoting the use of the rail transport system to reduce road traffic congestion and ultimately pollution.

Global Rolling Stock Market: Regional Overview

The Global Rolling Stock Market is segmented into various regions such as North America, Europe, Middle East & Africa, South America, and the Asia Pacific. The Asia Pacific region is dominating the global rolling stock market and estimated to maintain dominance over the forecast period owing to the adoption of rail transportation for passengers and goods. Also, the regional market growth can be attributed to the increasing investments in electric trains and metro trains in countries such as India, Taiwan, China, and other countries.

The Middle East & Africa region is expected to be fast-growing over the forecast period. The mining and oil & gas industries are increasing applications for the transportation of goods is increasing growth of rolling stock market globally. The regional market is also driven by the increasing use of rolling stock owing to their high torque power and enhanced safety.

The report also helps in understanding Rolling Stock Market dynamics, structure by analyzing the market segments and projects the Rolling Stock Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Rolling Stock Market make the report investor’s guide.
Scope of the Global Rolling Stock MarketGlobal Rolling Stock MarketKey Players in the Global Rolling Stock Market

• CRRC Corporation Limited
• Bombardier Transportation
• Alstom Transport
• GE Transportation
• Trinity Rail Group, LLC
• Siemens Mobility
• Stadler Rail AG
• Hitachi Rail Systems
• The Greenbrier Co
• Hyundai Rotem.
• CJSC Transmashholding
• Kawasaki Heavy Industries Ltd.
• Construcciones Y Auxiliar DE Ferrocarriles S.A.
• Stadler Rail AG
• TRANSMASHHOLDING

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