Ecosystem of rolling stock market consists of manufacturers like CSR Corporation Ltd. (China), Bombardier Inc. (Canada), and General Electric Company (U.S.) & research institutes like Japan Association of Rolling Stock Industries (JARI), International Railway Journal (IRJ), Union of Industries of Railway Equipment (UIRE), and Union of European Railway Industries (UNIFE).
The rolling stock market, in terms of value, is projected to grow at a CAGR of 3.68% from 2016 to 2021. The market is estimated to be USD 48.95 Billion in 2016, and is projected to reach USD 58.66 Billion by 2021.
In this study, 2015 has been considered the base year, and 2016 to 2021 the forecast period, for estimating the market size of the global market.
Report at www.rnrmarketresearch.com/contact…ame=311145 .
It also segments the rolling stock market and forecasts its size, by volume and value, on the basis of product type (locomotive, rapid transit, and wagon). Additionally, it segments the rolling stock market and forecasts its size, by volume and value, according to locomotive technology (conventional, turbocharged, and maglev).
The report strategically profiles key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.
The rolling stock market report analyzes and forecasts (2016 to 2021) the market size, in terms of volume (units) and value (USD million), for this market. The report segments rolling stock market and forecasts its size, by volume and value, on the basis of region (Asia-Oceania, Europe, North America, and Rest of the World (RoW)).
It provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges).
Report at www.rnrmarketresearch.com/contacts/311145 .
The rolling stock market has been segmented on the basis of product type into diesel locomotive, electric locomotive, diesel multiple units, electric multiple units, light rail/tram cars, subway/metro vehicles, passenger, and freight. The freight segment is estimated to account for the largest market share, in terms of value, in 2016.
This can be primarily attributed to the increased demand for dedicated freight corridors in Asia-Oceania and the Rest of the World.
The Asia-Oceania region is estimated to dominate the global market, in terms of value, in 2016, with China being a key contributor to this market. The increasing demand for passenger coaches and freight wagons for new and existing rail lines is a key factor driving the growth of the rolling stock market across all regions.
Major players profiled in the report are:
- CSR Corporation Ltd. (China)
- Bombardier Inc. (Canada)
- Alstom SA (France)
- General Electric Company (U.S.)
- Siemens AG (Germany)
- CJSC Transmashholding (Russia)
- Stadler Rail AG (Switzerland)
- Kawasaki Heavy Industries (Japan)
- Construcciones Auxiliar de Ferrocarriles SA (Spain)
- Hyundai Rotem Company (South Korea)
The refurbishment of rolling stock provides an opportunity to address known reliability issues, improve the energy efficiency of trains, and update the vehicles to meet current requirements. The financial constraints in acquiring new trains also contribute to the rising number of refurbishment programmes for rolling stock.
Rolling stock and its supporting infrastructure are highly capital-intensive.
The break-up of the primaries is as follows:
- By Company Type - Tier 1 - 42 %, Tier 2 - 26%, Others - 32%
- By Designation - C level - 40%, D level - 29%, Others - 31%
- By Region - North America - 38%, Europe - 22%, Asia-Oceania - 30%, RoW - 10
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