In a recent business intelligence study, FactMR presents the nitty-gritty of the global rolling stocks market considering 2014-2018 as the historic year and 2019–2029 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.
The rolling stocks market analysis report outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are Hyundai Rotem, Korea, CRRC Corporation Ltd., Titagarh wagons & TitagarhFirema, CAF India & CAF, and many others.
The rolling stocks market report addresses the below-mentioned queries:
- Why are vendors shifting away from traditional methods of manufacturing rolling stocks?
- How does the global rolling stocks market looks like in the next five years?
- Which end use industry is expected to surpass segment by the end of 2029?
- What innovative products are being introduced by the players in the global rolling stocks market?
- Which regions are showing the fastest market growth?
Rolling stocks market witnessed sales of nearly 250 thousand units in 2018 and is expected to grow at a steady CAGR of 2.9% in 2019. Overall growth of the rolling stocks market can be attributed to,
Industry titans acquiring big-ticket projects of rolling stocks
- Promotion of railway transport as a sustainable transportation mode
- Growing focus on increasing the average life of rolling stocks by predictive maintenance and remote monitoring in the services landscape
Optimistic outlook of autonomous trains and ongoing development of compatible rolling stocks
The ongoing focus of governments to promote the railway as a sustainable mode of transportation has resulted in a growing number of tenders of new rolling stocks being procured by manufacturers. Further, with the construction of new railway roads to increase connectivity and promotion of autonomous railway, new trains are being introduced across the world’s developing economies. Developments in designs of rolling stocks compatible to autonomous train are also underway.
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Freight Wagons Held Half the Sales in 2018, Passenger Rolling Stocks Growing Rapidly
FactMR study finds that among different types of rolling stocks, freight wagons accounted for nearly half the rolling stocks sold in 2018. Freight wagons form an important connection between railway transportation and different logistics services. As railway freight transport is being embraced by national governments, efforts are underway to improve the efficiency of freight wagons. The global rail market is witnessing larger tender procurements by manufacturers to supply new and efficient fright wagons. For instance, Russia’s RM Rail signed an agreement with Iran’s MSA Company for construction of 1000 freight wagons in June 2018. Indian Railways also set out a tender for 22,000 freight wagons in June 2018. Ukrainian Railways passed a US$ 260 million tender for purchase of gondola wagons, freight wagons and self-discharging cars in January 2018.
Rolling stocks market witnessed sales of nearly 250 thousand units in 2018 and is expected to grow at a steady CAGR of 2.9% in 2019.
Overall the rolling stocks market growth can be attributed to,Industry titans acquiring big-ticket projects of rolling stocksPromotion of railway transport as a sustainable transportation modeGrowing focus on increasing the average life of rolling stocks by predictive maintenance and remote monitoring in the services landscapeOptimistic outlook of autonomous trains and ongoing development of compatible rolling stocksThe ongoing focus of governments to promote the railway as a sustainable mode of transportation has resulted in a growing number of tenders of new rolling stocks being procured by manufacturers.
Further, with the construction of new railway roads to increase connectivity and promotion of autonomous railway, new trains are being introduced across the world’s developing economies.
Developments in designs of rolling stocks compatible to autonomous train are also underway.Freight Wagons Held Half the Sales in 2018, Passenger Rolling Stocks Growing RapidlyFact.MR study finds that among different types of rolling stocks, freight wagons accounted for nearly half the rolling stocks sold in 2018.
Freight wagons form an important connection between railway transportation and different logistics services.
As railway freight transport is being embraced by national governments, efforts are underway to improve the efficiency of freight wagons.The global rail market is witnessing larger tender procurements by manufacturers to supply new and efficient fright wagons.
A detailed study by Fact.MR on the Rolling Stocks market provides an in-depth evaluation of various growth drivers, trends, and opportunities, the prevailing regulatory landscape in various regions, and the competitive scenario amidst the COVID-19 pandemic.
The report provides insight into the major drivers and key restraining factors, emerging trends, and sources of new revenue streams over the assessment period.
Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=2798Regional Assessments: The study identifies key opportunities in different key regions.
It provides insights into key trends and favorable macroeconomic frameworks in prominent revenue-generating regions.
It provides a detailed scenario of the existing demand and consumption patterns of various key product types.
The in-depth assessment of various growth dynamics of the Rolling Stocks market and insights on market estimations help all market participants to stay ahead in the curve of growth with a worldwide economic impact of COVID-19.
A detailed presentation of forecast, trends, and dollar values of international Rolling Stock Market is offered.
Market Insight, Drivers, Restraints & Opportunity of the Market:
Vehicles running on rails/tracks are termed as Rolling Stocks like locomotives, wagons, coaches and multiple units.
Government is taking measures to encourage public means of transport to reduce the pollution caused by individual automobiles.
One of the main driver has been Chinese govt push to develop vast network of high speed railway networks including international and intercontinental routes.
The Asia Pacific market is anticipated to be the major contributor in the global Rolling Stock market by 2027.
