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Rolling Stock Market by Rolling Stock Type (Locomotives, Rapid Transit Vehicles, Wagons),by Locomotive Technology (Conventional Locomotive, Turbocharged and MAGLEVs) & by Region - Forecast and Analysis to 2019
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MarketsandMarkets Presents Rolling Stock Market Expected to Reach $45.7 Billion by 2019
The report “Rolling Stock Market by Rolling Stock Type (Locomotives, Rapid Transit Vehicles, Wagons),by Locomotive Technology (Conventional Locomotive, Turbocharged and MAGLEVs) & by Region - Forecast and Analysis to 2019”defines and segments the rolling stock market with the analysis and forecast for the global volume and revenue. The global rolling stock market size in terms of value is estimated to be at $38.5 billion in 2014, which is projected to grow to $45.7 billion by 2019 at a CAGR of 3.48%. • Browse • 72 market data tables • 47 figures • 250 pages and in-depth TOC on “Rolling Stock Market ” • You can speak to our analyst@ • http://www.marketsandmarkets.com/speaktoanalyst.asp?id=4380892
Source: MarketsandMarkets Analysis Rolling Stock Market Size, by Region, 2014 vs 2019 ($Million) Source; MarketsandMarkets Analysis
Rolling stock plays a vital role in the transport infrastructure of a city or country. Globally, urbanization and population growth has led to overburdening the existing transport infrastructure. Demand for cleaner, convenient, and safer modes of transportation is also increasing from the commuters as well as the governments. Urbanization has further led to the development of new cities and the need of connectivity between these new suburban cities with the existing developed metropolitan cities. Based on applications, the rolling stock market has been classified into locomotives, rapid transit vehicles, and wagons. Locomotives are traditionally used to haul freight and passenger wagons for long distance transport. However, vehicles such as metros, light rail vehicles, and subways are being used for intra-city as well as intercity transportation. Manufacturers of rolling stock worldwide are striving to offer cost advantages, customized solutions, safety, and related services such as maintenance and signaling to the transit authorities through their product offerings. Suppliers are concentrating on globalization and developing products to integrate existing transport infrastructure and reduce commute time. For this, suppliers are closely working with local partners or establishing manufacturing facilities in high-growth regions. Factors such as increasing population on a global level, coupled with urbanization, increasing need for cleaner modes of transportation, and economic growth is driving the growth of this market. However; reliance on government projects, insufficient infrastructure, and competition of faster modes of travel such as airways can hinder growth of the market.
Regions such as Latin America, Africa, and the Middle East are high demand-side markets, where governments are investing at developing infrastructure, and major projects are being launched to improve connectivity. The market size, in terms of value, for the rolling stock market is projected to witness a CAGR of 3.48% during the forecast period. The global market size in terms of value is estimated to be at $38.5 billion in 2014, which is projected to grow to $45.7 billion by 2019 at a CAGR of 3.48%. Major market players include Bombardier Transportation (Canada), Siemens AG (Germany), Alstom SA (France); CSR Corp. (China), General Electric Company (U.S.), and CJSC Transmashholding (Russia) among others. Urbanization is estimated to drive the demand for intra-city mobility solutions such as metro and Light Rail Vehicles (LRV), as government aims to decongest vehicular traffic and reduce commute time. Increasing freight transportation in North America is estimated to drive the demand for freight locomotives with higher power-output and lower emissions, alongside freight wagons. This report segments the rolling stock market based on type (locomotive, rapid transit vehicle, and wagons), locomotive technology (conventional and turbocharged), along with region (Asia-Oceania, Europe, North America, and RoW), and revenue ($million) based segmentation for the said market sub-segments. It covers Porter’s Five Forces Analysis and value chain of this market. It contains qualitative data about drivers, restraints, and opportunities presented by this market.
Scope of the Report: • The global rolling stock market is analyzed in terms of volume (units) and value ($million) for the mentioned segments. • By Region • Asia-Oceania • Europe • North America • RoW • By Type • Locomotive • Rapid Transit Vehicle • Wagon • Locomotive, By Technology • Conventional • Turbocharged
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