Felton - Rolling Stock Market size is
expected to reach USD 75.12 billion by 2025. Rolling stock is the wheeled
vehicles that are used on a railway. It is commonly used for transportation of
passengers as well as goods such as conventional fuels, agricultural products,
heavy machinery and construction materials. It has facilitated easy
transportation with some benefits such as reliability, cost-effectiveness and
comfort. Need for reduced traffic, reliability and cost efficiency has
increased the adoption of rolling stock for transportation of goods, passengers
and animals. The rolling stock market to witnesses a CAGR of 4% in the forecast
period.
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In rolling stock, some locomotive technologies are used such
as conventional locomotive, turbocharge locomotive, maglev, and others. The
“turbocharge locomotive” segment is projected to grow at the higher CAGR in the
coming years. Numerous companies are implementing turbocharger technology in
locomotives used for public transport. Rolling stock could be explored by product
such as rapid transit vehicle, locomotive, wagon, subway/metro vehicle,
passenger coach, light rail/ tram car, and others. The “rapid transit vehicle”
segment is anticipated to witness strong growth in the next couple of years
owing to high speed and enhanced comfort offered by these vehicles. Moreover,
increasing demand for magnetic levitation trains and automated trains for
public transportation is expected to boost the market growth in the next couple
of years.
The factors that play an important role in the growth of
market include increasing demand, growing population, increasing urbanization
& industrialization, growing demand for public transport, increasing need
for energy-efficient transport, rising demand for rail vehicles such as local
trains, trams & passenger rails, technological advancement and stringent
government rules & regulations. The other factors include improvement of
rail tracks, enhancements to the existing rail management systems, building new
lanes, technological development of rail control and signaling services.
Market Segment:
Rolling Stock Product
Outlook (Revenue, USD Million, 2014 - 2025)
• Locomotive
• Rapid Transit
Vehicle
• Wagon
Rolling Stock Type
Outlook (Revenue, USD Million, 2014 - 2025)
• Diesel
• Electric
Rolling Stock Train
Type Outlook (Revenue, USD Million, 2014 - 2025)
• Rail Freight
• Passenger Rail
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Regional Analysis For
Rolling Stock Market:
For comprehensive understanding of market dynamics, the
global Rolling Stock Market is analyzed across key geographies namely: North
America, Europe, Asia-Pacific, Latin America and Africa. Each of these regions
is analyzed on basis of market findings across major countries in these regions
for a macro-level understanding of the market.
Significant Features
that are under Offering and Key Highlights of the Reports:
– Detailed overview of Rolling
Stock Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of
volume and value
– Recent industry trends and developments
– Competitive landscape of High-Performance Alloys Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising
growth.
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