Rolling stock management market is expected to gain market growth in the forecast period of 2020 to 2027. North America is also projected to show steady growth in this market. CRRC Corporation Limited is the leading player in the global market. 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. 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. Which is the key factor driving the market? 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. Hence, OEMs, in addition to the sale of new vehicles, can also generate value from service and maintenance over the vehicle’s complete lifecycle. 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. 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. Global Rolling Stock Market report comprises of crucial aspects of the market that contains industry research, market sizing & forecast, competiti Monday, January 25 2021 Breaking News Based on application type, the market is segmented into passenger rail and freight rail. The freight rail segment is expected to show steady growth in this market attributed to its wide range of applications in industries such as construction, oil and gas, automotive, and others. Global Rolling Stock Market covers segments, by product type (locomotives, coaches, wagons, rapid transit), component (pantograph, axle, traction motor, passenger information system, auxiliary power system, air conditioning system), application (passenger transportation, and freight), size… Global rolling stock market is expected to gain market growth in the forecast period of 2020 to 2027. 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. This is projected to certainly influence the global market as these companies are anticipated to drive the rolling stock innovation during the forecast period. The use of remote support and predictive maintenance solutions facilitates this progress as it enables the OEMs to provide enhanced service models such as greater reliability in the committed provision of the available rolling stock fleet. To gain extensive insights into the market, Request for Customization, Value (USD billion) & Volume (Thousand Units). Published: December, 2020 Page: 324 Format: Category: Automotive & Instrumentation Get 20% Free … The data offered to us was exactly what we were looking for. Thank you Fortune Business Insights for your efforts and prompt response”, “I had a great experience working with Fortune Business Insights. The company specializes in the leasing and refurbishment of vehicles, manufacturing, while also investing heavily in R&D activities to further the development of innovative vehicles in the rail 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 service business is likely to be the key area of growth for the manufacturers. The global rolling stock market has augmented at a steady pace over the years and the market is further expected to increase progressively during the forecasted years 2020 to 2024. The rolling stock market size was valued at $58.6 billion in 2018, and is projected to reach at $73.8 billion by 2026, growing at a CAGR of 2.9% from 2019 to 2026. Hence, OEMs are likely to benefit from the expansion into the service sector as rail operators lack the scale to develop such solutions in-house. The "Global Rolling Stock Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering.. The analysis includes market … 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. 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. An Infographic Representation of Rolling Stock Market, To get information on various segments, share your queries with us. 1.5.1 Germany Rolling Stock Market Size and Growth Rate from 2014 to 2026 1.5.2 UK Rolling Stock Market Size and Growth Rate from 2014 to 2026 1.5.3 France Rolling Stock Market Size and Growth Rate from 2014 to 2026 1.5.4 Italy Rolling Stock Market Size … In various countries, they are not only an integral part of the national infrastructure but also contribute considerably to a sustainable future. Also, countries such as the U.K. and Germany have enhanced the utilization of light rail systems. To know how our report can help streamline your business, Speak to Analyst, Rapid Transit Vehicle Segment to Dominate the Global Market. Furthermore, the introduction of automated systems and the increasing share of intermodal transportation service is likely to boost the growth of this segment. Usage of Advanced Maintenance and Data Analytics is Driving the Market Growth. Increasing Passenger Transport to Avoid Traffic Congestions Will Favor Market Growth. Refurbishment and Restoration of Existing Rolling Stock to Hamper Growth. Stricter emission standards in this region have resulted in a higher price of locomotives and consequently, a greater focus on the modernization of the existing assets leading to the medium utilization of production capabilities. The market in Asia-Pacific is characterized by increasing rail infrastructure development, particularly in China and India. The manufacturer’s product portfolio includes electric locomotives, diesel locomotives, electric multiple units, diesel multiple units, metro cars, light rail vehicles, coaches, wagons, high-speed trains, as well as track machinery. Furthermore, the developing countries are also increasing their financial commitment to enhance their railway infrastructure. The rapid transit vehicles (RTV) segment is anticipated to show significant growth in the market owing to their reliability and efficiency, coupled with their ability to provide comfortable high-speed operation. 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. The analysis includes market … This consolidation has led to an exponential increase in the market share of the top 10 OEMs over the past few years. What was the value of the global market in 2019? Furthermore, the innovation has also been a key area of focus for the CRC, such as the development of the Chinese Train Control Systems which has resulted in the successful deployment of China-standard Electric Multiple Units (CEMU). 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. Rolling Stock Market : Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020-2028. 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. The market is projected to grow at a CAGR of 10.4% in the forecast period (2020-2027). CRRC Corporation Limited continues to lead almost all market segments. Hence, the developed countries in particular, are advocating the use of such urban transit systems. In addition to the factors above, the report encompasses several factors that have contributed to the growth of the market over recent years. Para obtener más información sobre cómo utilizamos tu información, consulta nuestra Política de privacidad y la Política de cookies. This report covers COVID-19 … Rolling Stock Market Size 2021 Including Growth Factors, Applications, Regional Analysis, Key Players and Forecasts to 2027; High-Intensity Discharge (HID) Light Market 2021 Leading Growth … Increasing urbanization, coupled with greater consumer inclination towards trams, high-speed trains, metros, and others owing to their fast transportation service and economic benefits are responsible for the growth in this segment. Remarkable job and great efforts by your research team. Yahoo forma parte de Verizon Media. In 2019, the market value stood at USD 40.71 billion. Global Rolling Stock Market Size (USD Million), Growth Analysis and Forecast, (2017-2023) 9. Providing reliable infrastructure equipment is a vital part of attaining high levels of safety. Also, greater commuter inclination towards cost-effective yet eco-friendly means of transportation has increased the popularity of high-speed train networks. Based on product type, the market is segmented into locomotives, rapid transit vehicles, and wagons. Which is the leading segment in the market? Factors such as reliability, cost efficiency coupled with the facilitation of easy transportation have propelled the adoption of these by end-users for transportation of goods, as well as passenger services. The report titled “Global Rolling Stock Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)”, provides an in-depth analysis of the global rolling stock market with description of market sizing and growth. Hence, government initiatives to integrate rapid transit networks to improve transport systems have increased considerably. 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. 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. The report provides an in-depth analysis of the global rolling stock market with description of market sizing and growth. Europe is expected to exhibit good growth in the market. “We are happy with the professionalism of your in-house research team as well as the quality of your research reports. 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