Pune, 13, Dec, 2022: MMR, has published a report on Rolling Stock Market. As per the Rolling Stock Market report the total market for Rolling Stock was 54.07 Bn in 2021 and is expected to reach 78.68 Bn by 2029.
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Rolling Stock Market Scope and Research Methodology
The study thoroughly examines both the growth factors and market segments of the global rolling stock market. Only a thorough analysis of expected markets and trends is conducted in this study. Excellent understanding of the variables influencing regional studies is also obtained. Rolling Stocks are classified into three types based on their product technology, type, and geography. The report offers a market size and value forecast for each of the following categories (in USD billions). Facts, figures, graphs, and presentations are used to provide key data analysis for both historical and modern periods. The report analyses the market’s dynamics, limitations, possibilities, and challenges for rolling stock. The major market participants, which are ranked by region, are profiled in the competitive analysis of the rolling stock market. This information includes revenue, financial condition, portfolio, technological adoption, mergers and acquisitions, joint ventures, and strategic alliances.
A bottom-up methodology was used to verify the market size and various segment estimates. Both primary and secondary sources were used to acquire the data. The primary methods used were surveys, questionnaire distribution, and phone interviews with subject matter experts, business owners, and marketers. To make sure the inferences were as accurate as possible, secondary data was carefully gathered from the appropriate kinds of sources. This comprises paid databases in addition to the official databases of various organisations and official government websites, trade publications, white papers, annual reports, and product launches.
SWOT analysis was conducted to identify the strengths and weaknesses of the pharmaceutical logistics market, while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the pharmaceutical logistics market.
Rolling Stock Market Overview
Rolling stock vehicles are those that move along rail tracks. Electric locomotives run on electricity generated by overhead wires, fuel cells, or batteries. Diesel steam, diesel pneumatic, diesel hydraulic, diesel mechanical, and diesel electric are some of the several types of locomotives. The market share of the diesel-electric locomotive is the highest.
The average speed of the high-speed trains used for intercity travel is 200–300 km/h. A self-propelled carriage that runs on electricity is known as an “electric multiple unit,” and diesel multiple units are identical to EMUs but run on an internal diesel engine. Diesel Electric Multiple Unit, Diesel Hydraulic Multiple Unit, and Diesel Mechanical Multiple Unit are the other common forms of rolling stock. Each unit, its market share, revenue generation, and important trends are individually covered in the study with regard to the regions.
Rolling Stock Market Dynamics
Rapid demand for commuting is contributing to road congestion in major cities as a result of growing urbanisation and industry. Rising demand for alternate modes of transportation, like rail travel, is directly contributing to the development of the rolling stock market. The transportation of passengers and goods by rail is more rapid and practical. The rolling stock market will experience growth during the expected timeframe thanks to governments’ plans to improve intercity rail connections. Rail transportation is dependable, environmentally friendly, and economical, and industrialised nations like France, Germany, and the UK are promoting its usage to lessen traffic congestion and, eventually, pollution on the roads.
The transit vehicle segment is expected to experience growth over the course of the forecast period in terms of the high-speed connectivity and comfort it offers. Additionally, the public’s increased desire for automated and magnetic levitation trains is anticipated to continue growing during the forecast period.
Rolling Stock Market Regional Insights
The Asia Pacific region is dominating the global market, and the adaption of rail transportation for passengers and goods is expected to drive the rolling stock market in the forecast period. Additionally, the growing investments in electric trains and metro trains in nations like India, Taiwan, China, and other nations might be attributed to the regional market growth.
The Middle East and Africa region is expected to be fast-growing over the forecast period. The increase in applications for commodities transportation in the mining and oil and gas sectors is driving rolling stock market growth. Another factor driving the area industry is the increased use of rolling stock due to its high torque power and improved safety.
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Rolling Stock Market Segmentation
- Rapid Transit Vehicle
- Other product
By Train Type:
- Rail Freight
- Passenger Rail
Rolling Stock Market Key Manufacturers:
- CRRC Corporation Limited
- Bombardier Transportation
- Alstom Transport
- GE Transportation
- Trinity Rail Group, LLC
- Siemens Mobility
- Stadler Rail AG
- Hitachi Rail Systems
- The Greenbrier Co
- Hyundai Rotem.
- CJSC Transmashholding
- Kawasaki Heavy Industries Ltd.
- Construcciones Y Auxiliar DE Ferrocarriles S.A.
- Stadler Rail AG
Key questions answered in the Rolling Stock Market are:
- What is Rolling Stock?
- What is the growth rate of Rolling Stock Market for the forecast period?
- What is the nature of competition in Rolling Stock industry in developed and developing economies?
- Who are the key players in the Rolling Stock Market?
- Who are the market leaders in Rolling Stock in Europe
- Who are the market leaders in Rolling Stock in USA and Canada
- Who are the market leaders in Rolling Stock in India, China, Japan and South Korea?
- What are the factors affecting growth in the Rolling Stock Market?
- Who held the largest market share in Rolling Stock Market?
- What are the factors for the growth of Asia-Pacific region in Rolling Stock Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Product, Type, Train Type, and region.
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading firm, has also published the following reports:
Rail Transportation Market – Rail Transportation Market size is expected to reach USD 34.26 billion by 2029 at a CAGR of 4.5 percent during the forecast period. Infrastructure investment and Rolling stock investments are a key opportunities for new market players for the rail transportation market.
Mining Automation Market – Mining Automation Market size is expected to reach USD 5.19 billion by 2029 at a CAGR of 6.85 percent during the forecast period. Increasing digitization in mining industry for different mining operations and rapid transition towards automation by mining industry are major driving factors behind the growth of market.
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