Rolling stocks is referred to running of any wheeled vehicles on railway tracks including passenger coaches, locomotives, and wagons. With an increase in the use of public transport in order to reduce traffic congestion, rolling stocks market is growing. In addition to this, rise in the demand for energy-efficient transport has attributed to the growth of rolling stocks market.
The "Global Rolling Stocks Market Analysis to 2028" is a specialized and in-depth study of the Rolling Stocks market with a special focus on the global market trend analysis. The report aims to provide an overview of Rolling Stocks market with detailed market technology, product type, application, and geography. The global Rolling Stocks market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Rolling Stocks market players and offers key trends and opportunities in the Rolling Stocks market.
- On the basis of technology, the market is segmented as Conventional Locomotives, Turbocharged Locomotives, and Maglev.
- On the basis of Product Type, the market is segmented as Locomotives (Diesel Locomotives,Electric Locomotives,Electro-Diesel Locomotives), Rapid Transit (Diesel Multiple Units,Electric Multiple Unit,Light Rails/Trams,Subways/Metros,Monorails), Coaches, Wagons, and Others.
- On the basis of Application, the market is segmented as Passenger Transportation and Freight.
- Increase in the demand for energy-efficient transport
- Rise in the mining and other industrial activities
- Growing rate of adoption of public transport.
- High capital for the maintenance of rolling stocks
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Rolling Stocks market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Rolling Stocks market in these regions.
IMPACT OF COVID-19 ON ROLLING STOCKS MARKET
The COVID-19 pandemic has an adverse impact on public transport around the world. Many countries have adopted lockdown measures in which operations of metro and other public transport have been halted, as a result of which passenger numbers have fallen drastically, and services were reduced. For instance, Metro train services in major cities across India restarted operations under COVID-19 guidelines from September 7, 2020, for the first time since March. Further, COVID-19 public transit systems in major cities across the world, like New York, Paris and London, have been badly affected by the spread of the virus as metro trains are potential aerosol transmission hubs. However, major cities and transit systems worldwide have restarted the operation of metro and railways as the vaccine drives are being successfully implemented. Moreover, the rising need to focus on the reduced emissions and increased efficiency of public transport systems, specifically railways, has resulted in the stability of the global rolling stocks market with the strengthening of supply chain and reopening of production facilities.
The reports cover key developments in the Rolling Stocks market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Rolling Stocks market are anticipated to lucrative growth opportunities in the future with the rising demand for Rolling Stocks market. Below mentioned is the list of few companies engaged in the Rolling Stocks market.
The report also includes the profiles of key Rolling Stocks market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Bombardier Inc.
- Wabtec Corporation
- Stadler Rail AG
- Kawasaki Heavy Industries Ltd.
- Hyundai Rotem
- Hitachi Rail Systems
- Construcciones y Auxiliar de Ferrocarriles
- CRRC Corp., Ltd.
- Mitsubishi Heavy Industries
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.