Global Rolling Stock Market (2020 to 2025) - Growth, Trends and Forecast - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Rolling Stock Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The global rolling stock market is anticipated to register a CAGR of about 4% during the forecast period (2020 - 2025).

The rapid urbanization, traffic congestion, growing environmental concern, increasing technological advancements, are expected to fuel the demand of the rolling stocks in the forecast period. As rolling stock orders have long lead times and long lifetimes so to ensure that, rigorous research and innovation are needed to manufacture rolling stock that meets the needs for years to come. This market is witnessing the active participation of governments to develop this cheapest and safest means of transportation more comfortable.

It's been decades after the introduction of trains for transportation, and now autonomous trains and ultra-high-speed trains are the future of railway transportation along with other new technologies to support it. For instance, in European Rail Traffic Management System (ECTS) Level 3 the trackside equipment will not be there and train-location and integrity does not have to rely on trackside equipment (signals, track circuits or axle counters) rather handled by train and Radio Block Center (RBC), although it is currently still under standardization. Whereas ECTS Level 2 is still in its test phase in some of the developing countries.

The European Union (EU) has the largest electrified rail length in the world also one of the safest railway's network in the world with around 218,000 km of active rail network. EU commission is committed to make their rail network more convenient for passengers by introducing various laws and along with that inviting private industry players to advance the current network. For instance, EU commission has a target of moving 30% of freight travelled by distance more than 300km for other modes of transport (rail or water), by 2030.

Companies Mentioned

• China Railway Construction Corporation Limited (CRCC)
• Alstom SA
• Siemens AG
• Wabtec Corporation
• Kawasaki Heavy Industries Ltd.
• CJSC Transmashholding
• Stadler Rail
• DescriptionConstrucciones y Auxiliar de Ferrocarriles, S.A
• Hyundai Rotem
• Mitsubishi Heavy Industries, Ltd.
  

Key Market Trends

Government Participation is Contributing the Rolling Stock Market Growth

Growing environmental concerns due to the road and air transport, city congestion is growing at a rapid rate, railway transportation is the cheap and environmentally friendly alternative. In most of the biggest rail network countries management is under the control of private players. But at the same time government has some control over its operations. India which has the fourth-largest rail network in the world has a state-owned rail network, and in 2019, Indian Railways has received a budget allocation of USD 9.62 billion for the 2019-20 fiscal year which is 19.5% more than that of the previous year. In addition to that a proposed capital expenditure outlay of USD 23.4 billion for railways. The government is planning to introduce modern trains and already privatized a few trains on selected routes. Similarly, in 2017 the UK's government have announced that around USD 50 billion of investment will be done on the rail network modernization during the period of 2019 to 2024.

Asia Pacific Is Expected to Lead the Rolling Stock Market

The railway is the preferred means of transport among the passengers of the major Asian economies such as China, India, and Japan. With these three countries also topping the list of passenger-kilometer per year, in addition to those major manufacturers of rolling stock market are headquartered in this region.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Porter's Five Forces Analysis

4.3.1 Threat of New Entrants

4.3.2 Bargaining Power of Buyers/Consumers

4.3.3 Bargaining Power of Suppliers

4.3.4 Threat of Substitute Products

4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 By Type

5.1.1 Locomotives

5.1.2 Metros

5.1.3 Passenger coaches

5.1.4 Others

5.2 By Propulsion Type

5.2.1 Diesel

5.2.2 Electric

5.2.3 Electro-diesel

5.3 By Geography

5.3.1 North America

5.3.1.1 United States

5.3.1.2 Canada

5.3.1.3 Rest of North America

5.3.2 Europe

5.3.2.1 Germany

5.3.2.2 United Kingdom

5.3.2.3 France

5.3.2.4 Italy

5.3.2.5 Spain

5.3.2.6 Rest of Europe

5.3.3 Asia-Pacific

5.3.3.1 India

5.3.3.2 China

5.3.3.3 Japan

5.3.3.4 South Korea

5.3.3.5 Rest of Asia-Pacific

5.3.4 Rest of the World

5.3.4.1 Brazil

5.3.4.2 Mexico

5.3.4.3 United Arab Emirates

5.3.4.4 Other Countries

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/jw5b10