A recent market intelligence report that is published by Data Insights Partner on the global Rolling Stock Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Rolling Stock Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Rolling Stock Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Rolling Stock Market is offered. In accordance with the report, the global Rolling Stock Market is projected to expand by a healthy CAGR of 4.58% over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Rolling stock, by definition, is the vehicle that move on a railway track. Rolling Stock includes both powered and unpowered vehicles, such as wagons, locomotives, railroad cars and coaches. It consists of a car body, power and auxiliary systems, propulsion, bogies, braking systems, passenger information and communication systems, interiors, on-board vehicle systems, door system, ventilation and air conditioning and heating systems, lighting, tilt systems, cabling and couplers etc. These products are mainly used as means of public and industrial raw materials and end products transportation for its fast speed, strength, more storage space and other conveniences.
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Growing population, rapid urbanization has led to an increase in road traffic. The insufficient road network and increasing numbers of cars and other vehicles are causing severe congestion which is badly affecting the daily lives of citizens. The growing need for railway and tramway network to reduce time waste by getting stuck in traffic is the main driver behind the rapid growth of Rolling Stock market. The increase in cases of road traffic injury is also leading to the increase in demand for railways as it is a safer way of transportation which is also driving the demand for Rolling Stock market high.
Beside this, growing industrial transportations from one sector to another are also one of the key factors behind the rapid growth of the Rolling Stock Market.
Aside from these, the government subsidies in railways sectors and increasing foreign investments in the said sector are also adding fuel to this increasing market growth.
The regular introduction of different and brand-new types of end product with better engines and qualities, more horse power, better technology and more space inside the compartments is also attracting new consumers and thus helping the growth rate of Rolling Stock Market to rise high. The convenience and efficiency of Rolling Stock is also helping in the expansion of the said market.
The Rolling Stock Market has a huge potential. Though it is expanding very fast day by day, many things are preventing it from using its full potential. Some of these restraints are–
? High cost of raw materials.
? High production, maintenance and repairing cost.
? High cost of R&D activities.
? High cost of the end products.
? Non-durability of many end products under extreme weather conditions.
? Unavailability of enough space to install these products in many regions.
? Unavailability and lack of awareness about the benefits of Rolling Stock in the rural areas of the developing countries.
? Unavailability of resources and purchasing power to produce and install the products.
? Availability of substitutes in lower costs.
The Freight segment of Rolling Stock Market has many opportunities because of its high demand in industrial transportation as transportation by railway is less costly and more convenient than transportation by road.
During the forecast period, Asia Pacific is expected to have the largest share of Rolling Stock Market. The demand for these products in the Asia Pacific region specially in China, India, Japan, Thailand etc. is driven by its growing need in the expanding public and industrial transportation sectors of these countries. Rising population, high per capita income and rapid urbanization are also driving this market growth. It is also believed that on the basis of product type, the electric locomotive and rapid transit segment will have the largest share for its high demand and efficiency and convenience and low cost and fast speed. It is also expected that by end usage the public and industrial segments will see a very high growth rate in future.
This market intelligence report on the global Rolling Stock Market encompasses market segments based on product type, component, transportation usage, application, end usage, distributional channel and country.
By Product Type the global Rolling Stock Market has been divided into:
o Diesel Locomotives
o Electro-diesel Locomotives
o Electric Locomotives
q Rapid Transits
o Subway/ Metro
o Light Rail/ Tram
By Component the global Rolling Stock Market has been divided into:
q Passenger Information System
q Traction Motor
q Airconditioning System
q Auxiliary Power System
By Transportation Usage the global Rolling Stock Market has been divided into:
q Freight Transportation
q Passenger Transportation
By Application the global Rolling Stock Market has been divided into:
o Electromagnetic Suspension
o Electrodynamic Suspension
q Conventional Locomotives
q Turbocharged Locomotives
By End Usage the global Rolling Stock Market has been divided into:
By Distributional Channel the global Rolling Stock Market has been divided into:
By country/region, the global Rolling Stock Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q Hyundai Rotem
q CRRC Corporation Limited
q General Electric
q Hitachi Ltd.
q Stadler Rail AG
q The Greenbrier Companies, Inc.
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Rolling Stock Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
The French company Alstom has been leading the growth of Rolling Stock Market for the past few years. The company has been focusing on building eco-friendly transport solution such as the zero-emission Coradia iLint regional train. They are also participating in many R&D activities together with renowned universities to make more technologically advanced products for better customer experience. They have also manufactured a high-speed line in Spain connecting Madrid and Castellon by a very high-speed train S-100 in January, 2018 which is famous for its comfortability, punctuality, high speed and high level of safety.
CRRC Corporation Limited
The Chinese company CRRC Corporation Limited is also playing a big role as a market player of Rolling Stock market. The company was the first to introduce the low-speed Maglev train with a speed of 100km/h in the capital of China, Beijing in July 2017. They manufactured a low-speed Maglev train comprising of 6 cars with the capacity of around 1,032 passengers. The Maglev railway line was built from the Mentougou district to the Shijingshan district with a total of 8 stations in between the two end points.
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Ø This study offers comprehensive yet detailed analysis of the Rolling Stock Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Rolling Stock Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of different type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Rolling Stock caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Rolling Stock Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Rolling Stock Market
v Identification of key factors driving investment opportunities in the Rolling Stock Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participant
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