The Automotive rolling stock market size was valued at $58.6 billion in 2018 and is projected to reach $73.8 billion by 2026, growing at a CAGR of 2.9% from 2019 to 2026.
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The term rolling stock refers to any moving vehicle on railroads. This typically includes locomotives, metros, monorails, trams, freight wagons, and passenger coaches. Passenger transit is the trains, which are used to transport passengers from one place to another. However, cargo transit is a freight train that is used to transport goods or products from one place to another. The rolling stock such as locomotives is generally powered with various propulsion types such as diesel, electric, electro-diesel, and others.
The rolling stock market is driven by factors such as an increase in allocation of the budget for the development of railways, a rise in demand for secure, safer, & efficient transport, and a rise in the use of public transport services as a solution to minimize traffic congestions. However, high capital requirements and refurbishment of existing rolling stock restrict the market growth. Moreover, improvement in railway infrastructure, particularly in developing countries, and an increase in industrial & mining activity create lucrative growth opportunities for the market.
The rolling stock market is segmented on the basis of type, end-use, and region. By type, it is divided into locomotive, metro, monorail, tram, freight wagons, passenger coaches, and others. Based on the end-user, it is classified into passenger transit and cargo train. Based on the region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the market include Alstom, Bombardier, CRRC Corporation Limited, General Electric, Hitachi Ltd., Siemens, Stadler Rail AG, The Greenbrier Companies, Inc., TRANSMASHHOLDING, and TrinityRail.
KEY BENEFITS FOR STAKEHOLDERS:
- This study comprises an analytical depiction of the rolling stock market with current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to gain stronger coverage in the market.
- The report presents information related to key drivers, restraints, and opportunities with detailed impact analysis.
- The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the market.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers.
ROLLING STOCK KEY MARKET SEGMENTS:
- Freight Wagons
- Passenger Coaches
- Passenger Transit
- Cargo Train
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
KEY MARKET PLAYERS PROFILED:
- CRRC Corporation Limited
- General Electric
- Hitachi Ltd.
- Stadler Rail AG
- The Greenbrier Companies, Inc.
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