Which is the key factor driving the market? Remarkable job and great efforts by your research team. The market in Asia-Pacific is characterized by increasing rail infrastructure development, particularly in China and India. Global Rolling Stock Market Size (USD Million), Growth Analysis and Forecast, (2017-2023) 9. Looking forward to work together on similar projects”, “We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Market Analysis and Insights: Global Rolling Stock Management Market. However, several rail companies are unable to satisfy the growing demand with the existing capacity. In various countries, they are not only an integral part of the national infrastructure but also contribute considerably to a sustainable future. Furthermore, the technological advancement of automated trains and greater development focus on technologies such as magnetic levitation trains are likely to impact the growth of the rapid transit vehicle segment. The modernization is expected to deliver cost-effective transformation, prevent major fleet breakdowns, and provide passengers with a comfortable experience comparable to a new train. Thank you!”, “I recommend Fortune Business Insights for their honesty and flexibility. For example, Eversholt Rail in the U.K., refurbished its fleet of 30 four-car Class 321 electric multiple units (EMU) under the Renatus upgrading program. Hence, the rail operators are less inclined to purchase new vehicles as rolling stock refurbishment programs provide a viable alternative to complete overhaul of the existing fleet. Also, the need to lessen the cost burden on industries aiming to utilize rail transport for goods transportation would contribute to the refurbishment practice. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. Approval of new railway lines and high-speed railway projects coupled with growing need for energy … The analysis includes market … The service business is likely to be the key area of growth for the manufacturers. 9.2. This is projected to certainly influence the global market as these companies are anticipated to drive the rolling stock innovation during the forecast period. Rolling stock management market is expected to gain market growth in the forecast period of 2020 to 2027. Hence, the refurbishment of the rolling stock fleet is a suitable alternative to improve energy efficiency and reliability concerns of the current fleet. OEMs are aggressively expanding their service business models via the use of advanced maintenance and data analytics which is a key factor driving the market. Looking forward to work together in the future”, “It has been a delightful experience working with you guys. At the same time, it also enhances the vehicle capacity and enables the rail operators to address the rising volume requirements. Rapid transit vehicles consume a lesser amount of energy per passenger-kilometer in comparison to the road-based transportation systems and they usually use electricity for operation. Europe (U.K., Germany, France, Russia, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia- Pacific), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. Which region held the highest share in the market? Also, the Belt and Road Initiative (BRI) via projects such as the China-Europe Railway Express has further advanced the role of railways in freight transportation. The "Global Rolling Stock Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering.. CRRC Corporation Limited continues to lead almost all market segments. By continuing to visit this site you agree to our use of cookies . Increased mining activity in emerging economies is als… Industries need transportation networks to move raw materials and finished goods efficiently. According to this study, over the next five years the Locomotives (Rolling Stock) market will register a 3.6%% CAGR in terms of revenue, the global market size will reach $ 90270 million by 2025, from $ … However, Alstom, Siemens Mobility, and Bombardier have also retained their positions in the competitive landscape with Alstom, particularly increasing its market share via key partnerships and acquisitions in North America and Europe. The global rolling stock market size was USD 40.71 billion in 2019 and is projected to reach USD 52.92 billion by 2027, exhibiting a CAGR of 10.4% during the forecast period. An Infographic Representation of Rolling Stock Market, To get information on various segments, share your queries with us. Summary The global Rolling Stock market was million US$ in 2018 and is expected to million US$ by the end of 2025, growing at a CAGR of between 2019 and 2025. Asia-Pacific dominated the market in terms of share in 2019. The global rolling stock market has grown at a steady pace over the years and the market is further expected to increase progressively during the forecasted years 2020 to 2024. Hence, many small and medium players are repositioning themselves, either being taken over or exiting the industry. Rolling Stock Market 2020 Global Industry Research report 2020 covers a detailed study of the Rolling Stock Market size, growth, and share, trends, consumption, segments, application and … The report provides an in-depth analysis of the global rolling stock market with description of market sizing and growth. Refurbishment and Restoration of Existing Rolling Stock to Hamper Growth. iCrowd Newswire - Sep 9, 2020 WiseGuyRerports.com Presents “Global Locomotives (Rolling Stock) Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” New Document to its Studies Database The global Locomotives (Rolling Stock) market covers a holistic understanding of the market … Rolling Stock Market : Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020-2028. This factor is likely to restrain the growth of this market. Rapid population growth, particularly in developing countries is compelling rail operators to increase the available fleet to accommodate passenger growth. The global rolling stock market size was USD 40.71 billion in 2019 and is projected to reach USD 52.92 billion by 2027, exhibiting a CAGR of 10.4% during the forecast period. Información sobre tu dispositivo y conexión a Internet, incluida tu dirección IP, Actividad de navegación y búsqueda al utilizar sitios web y aplicaciones de Verizon Media. What was the value of the global market in 2019? Hence, these factors are likely to boost the rolling stock market growth. Increased OEM Market Share as a Result of Greater Consolidation is a Prominent Trend. The passenger rail segment is anticipated to show good growth in this market over the forecast period. For instance, a capital investment of USD 3.9 billion by the Canadian National Railway in the Saskatchewan province is enabling innovations in locomotives, rail infrastructure, and promoting growth from all commodity segments. To know how our report can help streamline your business, Speak to Analyst, Rapid Transit Vehicle Segment to Dominate the Global Market. Rolling Stock Market Size And Forecast According to Verified Market Research, the Global Rolling Stock Market was valued at USD 49.79 Billion in 2019 and is projected to reach USD 66.34 Billion by 2027, … It looks quite comprehensive and the data is exactly what I was looking for. Usage of Advanced Maintenance and Data Analytics is Driving the Market Growth. The increasing use of big data analytics has allowed the OEMs to take over a greater number of tasks in the service business from owners and rail operating companies. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”, “This is regarding the recent report I bought from Fortune Business insights. According to a recent report published by Allied Market Research, titled, "Rolling Stock Market by Type, and End-Use: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global rolling stock market size was valued at $58.6 billion in 2018, and is projected to reach $73.8 billion by 2026, registering a CAGR of 2.9% from 2019 to 2026. These factors are likely to fuel the purchase of new vehicles and hence lead to the dominance of APAC in this market. Hence, these factors are responsible for the steady growth of the market in this region. In 2019, the market value stood at USD 40.71 billion. Advancements in remote monitoring, digital solutions, and big data analytics have enabled conventional rolling stock OEMs to adapt to their current business offerings successfully and provide targeted and scalable solutions. "Market Intelligence for High-Geared Performance", Region : Global | Format: PDF | Report ID: FBI102990. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”, “Please pass on our sincere thanks to the whole team at Fortune Business Insights. The wagons segment is projected to show steady growth in this market owing to the increasing demand among various industries for the transportation of goods. Hence, the developed countries in particular, are advocating the use of such urban transit systems. 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