Rolling Stocks Market
Rolling Stocks Market 2022 - By Product Type , By End-Use Industry , By Application & Global Region - Market Size, Trends, Share & Forecast 2027Request Sample Request Discount
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Rolling stock, a term used in railway transportation industry, refers to any vehicle including both powered and unpowered that can move on rail-road, some of which include: locomotives, railroad cars, coaches, private railroad cars and wagons. They are widely used as a cost-effective mode of transportation which ensures reliability and comfortability along with several other benefits.
They are increasingly used for transporting industrial chemicals, petrol and diesel, among other goods across numerous industries with utmost speed and certainty.
Currently, the trend is towards autonomous rolling stocks as they operate automatically and are monitored or controlled from the control station. In case of obstacles or hindrances, a message is sent to the operational control center and to the attendant on the train, to stop the train.
Moreover, these rolling stocks are highly customizable and can be easily modified as per customer’s requirements. The global rolling stocks market is expected to grow at a moderate CAGR in the years to come.
The growth of rolling stocks market is attributed towards factors which include but are not limited to the growing population in urban areas, which is putting enormous pressure on the existing transportation infrastructure, increase in allocation of the budget for development of railways, rise in demand for secure, safer, & efficient transport, rise in use of public transport services as a solution to minimize traffic congestions, government initiatives to provide faster, cleaner and safest transport system, flourishing travel and tourist industry, growing demand for energy-efficient transport, the integration of these transports with the internet of things (IoT), innovations in big data and analytics and increase in industrial and mining activities etc.
Additionally, high-speed railway projects, growing need for energy efficient transport, the participation of governments to develop cheap and safe means of transportation are also factors expected to fuel the market growth. Also, rolling stock orders have long lead times and long lifetimes for which major innovations are needed to manufacture rolling stocks that can meet the needs of the future.
Expansion of rail infrastructure is taking place because of the increasing population and rapid urbanization. Rail transportation is comparatively economical, faster, and well-suited for carrying heavy or bulky goods over long distances. Also, it additionally offers flexible and largest carrying capacity and if required its capacity can be easily increased by further addition of stocks accordingly.
Moreover, these days, passengers prefer rail transportation owing to the reduced traffic and resistance against changing weather conditions, as compared to road transportation and others. This again propels the demand and grows the overall market.
Furthermore, various governments are introducing stringent standards and norms for increasing the use of rolling stock. For example, the Russian industrial rail operators are required to replace their aging locomotives and shunting units with new ones to ensure safety. These standards and norms are creating growth opportunities for the manufacturers of the rolling stock market globally.
However, high capital requirement, refurbishment of existing rolling stock, high dependency on government’s policies, high competitive environment created by other modes of transport, high maintenance cost and cyber threats are a few factors which restrain the growth of this market.
ROLLING STOCKS MARKET SEGMENTATION:
- Traction Motor
- Passenger Information system
- Air Conditioning System
- Auxiliary Power System
By Product Type:
- Diesel Locomotives
- Electric Locomotives
- Electro-Diesel Locomotives
- Rapid Transit
- Light Rail/Tram
- Passenger Transportation
- Freight Transportation
By Locomotive Technology:
- Market Shares by Type of Wagon
The Asia Pacific region is the largest and the fastest-growing region in the rolling stock market with growing installation of metro lines at a faster pace than other countries, increasing infrastructural developments, increase in government spending on the transportation sector, and the on-going/upcoming projects in various countries in the region etc. India and China are the major contributors in the region.
The European region is projected to report significant growth in the coming years owing to the presence of well-developed economies such as Germany, the UK, France, and Italy and the growth of the railway industry.
The North American region is expected to grow at a steady rate led by countries such as The U.S., Canada and Mexico in the region.
FEW KEY PLAYERS IN ROLLING STOCKS MARKET:
- General Electric
- Hyundai Rotem
- Thales Group
- Deutsche Bahn
- Balfour Beatty
- Intamin Bahntechnik
- American Equipment Company
- Urbanaut Monorail Technology
- Other Players
In July 2020, M/s Bombardier Transport India Private Limited won the contract for supplying the rolling stock and signaling system for the Kanpur and Agra metro rail projects in Uttar Pradesh, India.
In October 2020, Motherson Sumi Systems Ltd (MSSL) reportedly inked a pact to acquire Bombardier’s Mexico-based electrical wiring interconnection systems (EWIS) business for around USD 10 million (around Rs 73.5 crore). The company through its Mexican subsidiary, Motherson Rolling Stocks (MRS) signed an asset sale and purchase agreement to acquire the activities of EWIS at Bombardier Transportation’s manufacturing site in Huehuetoca, Mexico
Timeline Considered for Analysis:
- 2021: Base Year
- 2022: Estimated Year
- 2022 to 2027: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyses the global rolling stocks market by the following segments:
- Product Type
- Locomotive Technology
Customization: We also offer customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Rolling Stocks Industry Report
- What is the overall market size in 2021? What will be the market growth during the forecast period i.e. 2022-2027?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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