Rolling Stock Market – Size,Share,Application,Forecast To 2025
Added: (Wed Nov 21 2018)
Pressbox (Press Release) -
The global rolling stock market is estimated to be USD 54.43 billion in 2018 and is projected to reach USD 73.80 billion by 2025, growing at a CAGR of 4.44% from 2018 to 2025. The growing requirement for public transport as a mode to reduce traffic congestion is expected to foster the growth of the rolling stock market.
There has been a rapid increase in the number of technological advancements in the rolling stock market. This can be primarily attributed to the growing demand for features that ensure the convenience and safety of passengers. Similarly, rolling stock is being innovated, and new vehicle concepts are developed for non-electrified railway lines to reduce carbon emissions further. For example, rolling stock manufacturers are experimenting emission-free trains equipped with fuel cell drive.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=4380892
Electro-diesel locomotive is estimated to be the fastest growing segment, by type, of the rolling stock market. This can be attributed to the globally increasing electrification of rail tracks. As electric traction for the railways is proved to be the most energy efficient operation, the electrification of rail tracks is expected to expand exponentially in the coming years. Thus, the development of the rail industry and the expansion of electrified rail tracks would act as a catalyst to the growth of the rolling stock market. Europe is estimated to be the largest market of electro-diesel locomotive, and the trend is expected to continue until 2025.
The conventional locomotives market is projected to grow at the highest CAGR from 2018 to 2025 and holds the largest market share of the rolling stock market. The primary advantage of the turbocharged locomotives is that it gives more power with no increase in fuel costs. Countries such as China, Japan, Germany, UK, France, and Canada are rigorously focusing on improving rail transport to reduce the increasing strain on roadways and airways. Thus, increased investments have been made by the governments for the development of electric railway infrastructure, which will boost the market for conventional electric and electro-diesel locomotives.
The freight wagons market is estimated to be the fastest growing segment, by application, in the rolling stock market. It is followed by the passenger coaches market. This can be attributed to the custom-made and technologically advanced wagons such as chemical and pressure tank wagons and car-carrier and low-loader container-carrying wagons. The demand for freight wagons is high in the US, China, and Russia because of replacement demand and growth of the manufacturing sector in these countries.
Speak To Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=4380892
The rolling stock market is projected to grow at the fastest rate in emerging economies such as Egypt, UAE, India, and China. The Middle East & Africa region is estimated to be the fastest growing market for rolling stock followed by Asia Oceania. The demand for rail vehicles in this region is triggered by the growing population of urban areas, where the existing transportation infrastructure is insufficient. The expansion of this network is expected to drive the demand for new vehicles. Many companies such as CRRC, Bombardier, and Alstom are expanding their presence and product offerings in high growth potential market to gain traction in the rolling stock market.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441