The rolling stock market surpassed US$ 50 Billion in 2020. Increasing urbanization and the need for faster transportation is influencing the market positively. Manufacturers of rolling stock are focusing on quicker transportation of for various media. Also, increasing focus on ease and comfort while traveling is driving growth. Thus, the market is expected to surpass a CAGR of 4% from 2021-2031, to reach US$ 77 Billion.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Rolling Stock market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Rolling Stock market.
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Key findings of the Rolling Stock market study:
- Regional breakdown of the Rolling Stock market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Rolling Stock vendors in detail.
- Region-wise and country-wise fragmentation of the Rolling Stock market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Rolling Stock market.
Key Companies Profiled
- CRCC Corporation Limited
- Alstom
- CAF
- Hyundai Rotem Company
- CJSC Transmash Holding
- Siemens
- Staddler Rail AG
- Kawasaki Heavy Industries Ltd
- Hitachi Rail Limited
- Bombardier
Competitive Landscape
Manufacturers of rolling stock are focusing on providing agility, comfort and fuel efficiency.
- CRRC Corporation Limited (CRRC), a rolling stock giant signed a strategic agreement with TÜV Rheinland, a global technical service provider – to improve their collaborative services including international compliance testing and certification of rolling stock in September 2018.
- Siemens announced the investment of 200 million euros to start rolling stock factory at Goole in the East Riding of Yorkshire, UK in March 2018. In April, the company got approval from the Orange County Transportation Authority to supply vehicles for the county’s Streetcar project.
- In May 2021, Siemens Mobility and Stadler jointly won a € 114.5 million (US$ 135 million) contract to provide the Lisbon Metro with a state-of-the-art signalling system and a new fleet of modern trains, with the latter agreeing to supply 14 three-car metro trains
Key Segments Covered
· Product Type
- Locomotives Rolling Stock
- Passenger Coaches Rolling Stock
- Multiple Units Rolling Stock
- Freight Wagons Rolling Stock
· Application
- Freight Application
- Passenger Application
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Queries addressed in the Rolling Stock market report:
- Why are the Rolling Stock market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Rolling Stock market?
- Which regions are displaying the fastest growth in the Rolling Stock market?
- What are the underlying micro- macroeconomic factors affecting the global Rolling Stock market?
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