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This professional and specialized report study examines the technical and business perspective of the rolling stock industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the rolling stock market. The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall rolling stock market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of both volume (Units) and value (USD Billion) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.
We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the rolling stock market in our study.
Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the rolling stock market. It also encompasses PESTLE analysis and SWOT analysis.
The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the rolling stock market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the rolling stock market.
The research study provides a critical assessment of the rolling stock industry by logically segmenting the market on the basis of type, locomotive propulsion, and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the rolling stock industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The rolling stock in the rail transport industry means any vehicles that move on a railway. Rolling stock comprises both powered vehicles and unpowered vehicles, for instance, railroad cars, wagons, locomotives, and coaches. Rolling stock suspension system consists of two stages primary and secondary suspension. Primary suspension helps to maintain the lateral stability of the wagons. Moreover, the ride quality can be significantly improved with the help of primary suspension. The secondary suspension connects the car body and bogie, with the purpose of separating the car body from excitations conducted from track irregularities. There are two types of braking systems used in the rolling stock mechanical and electrical. The mechanical braking systems use braking devices such as axle-mounted disc brakes,wheel-mounted disc brakes, and wheel-tread brakes. The electric braking system uses electrical dynamic braking that transforms the motor into a braking generator to vanishes the kinetic energy as heat. Regenerative braking does not transfer generated energy into heat.
Increase in the allocation of budget for railway development, growing requirements for safer, secure, & efficient transport, and the use of public transport services drive the growth of the global rolling stock market. The rise in trend of the autonomous rolling stocks, innovative technology to enhance the railway infrastructure will accelerate the rolling stock market. Furthermore, trains provide a comfortable way to coordinate which results in the improve the system performance and boosts the growth of the market. Public transportation such as monorails, metros, passenger trains, and trams, carries the passengers as well as it frees up the road space to be used by other vehicles. This results in reducing the possibility of road crowding. In turn, this can drive the growth of the rolling stock industry. The requirement of High investment and renovation of old rolling may impede the growth of the global market. Further, progress in railway infrastructure, mainly in developing countries, and a rise in industrial & mining activity is expected to create ample opportunities for rolling stock market expansion.
The rolling stock market is segmented based on product type and locomotive propulsion. On the basis of product type segmentation, the market is classified into locomotives, rapid transit, wagons, coaches. In terms of locomotive propulsion segmentation, the market is bifurcated into Diesel locomotive, electric locomotive, others.
Some of the essential players operating in the rolling stock market, but not restricted to include CRRC Corporation Limited, Bombardier Inc, Alstom SA, General Electric Co, Siemens AG, CJSC Transmashholding, Stadler Rail AG, Kawasaki Heavy Industries Ltd., Construcciones y Auxiliar de Ferrocarriles, Hyundai Rotem Company, and others.
Key Insights from Primary Research
Key Recommendations from Analysts
Market Attractiveness by Locomotive Propulsion
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