Rolling Stock Market Report by Technavio | Insights on Key Drivers, Trends, and Forecast Through 2024

LONDON--(BUSINESS WIRE)--The new rolling stock market research report from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads.

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"One of the primary growth drivers for this market is the introduction of new railway projects”, says a senior analyst for the Industrials industry at Technavio. As the markets recover, Technavio expects the rolling stock market size to grow by 2,267 units during the period 2020-2024.

Rolling Stock Market Segment Highlights for 2020

• The rolling stock market is expected to post a year-over-year growth rate of -1.03%.
• The global rolling stock market saw the maximum demand for freight cars in 2019.
• The freight cars segment is driven by the increased use of freight cars in the mass transportation of goods and raw materials.

Regional Analysis

• 57% of the growth will originate from the Western Europe region.
• The growth of the market in Western Europe is driven by factors such as the presence of well-developed economies such as Germany, the UK, France, and Italy and the growth of the railway industry.
• Germany, France, the UK, and Italy are the key markets for rolling stock in Western Europe. Market growth in this region will be faster than the growth of the market in other regions.

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Notes:

• The rolling stock market size is expected to accelerate at a CAGR of almost 1% during the forecast period.
• The rolling stock market is segmented by Product (Freight cars, Passenger transit vehicles, and Locomotives) and Geography (Western Europe, Eastern Europe, and Rest of Europe).
• The market is concentrated due to the presence of many/few established vendors holding significant market share.
• The research report offers information on several market vendors, including Alstom Holdings SA, Bombardier Inc., Construcciones y Auxiliar de Ferrocarriles SA, Hitachi Ltd., Hyundai Motor Co., Siemens AG, SKODA TRANSPORTATION AS, Stadler Rail AG, Talgo SA, and Westinghouse Air Brake Technologies Corp.

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