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Increasing urbanization in emerging nations has strained the existing road, rail, and air infrastructure. This is also resulting in development of infrastructure for connectivity of metro regions to the suburban regions of cities. Population growth in these regions is further driving the demand for rolling stock and supporting infrastructure such as maintenance and services.
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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: MarketsandMarketsAnalysis
The global market size in terms of value is estimated to be at $38.5 billion in 2014, which is projected to grow to $45.7 billion by 2019 at a CAGR of 3.48%. Factors such as increasing population on a global level, coupled with urbanization, increasing need for cleaner modes of transportation, and economic growth is driving the growth of this market. However; reliance on government projects, insufficient infrastructure, and competition of faster modes of travel such as airways can hinder growth of the market. Europe is estimated to be the major market for the rolling stock manufacturers, as the demand for cleaner mobility has increased in the region. The North American market growth is attributed to the freight transportation industry and the growth for locomotives and freight wagons is expected, as the freight transportation and replacement demand is expected to increase. Regions such as Latin America, Africa, and the Middle East are high demand-side markets, where governments are investing at developing infrastructure, and major projects are being launched to improve connectivity. Urbanization is estimated to drive the demand for intra-city mobility solutions such as metro and Light Rail Vehicles (LRV), as government aims to decongest vehicular traffic and reduce commute time. Increasing freight transportation in North America is estimated to drive the demand for freight locomotives with higher power-output and lower emissions, alongside freight wagons.
Major market players include Bombardier Transportation (Canada), Siemens AG (Germany), Alstom SA (France); CSR Corp. (China), General Electric Company (U.S.), and CJSC Transmashholding (Russia) among others. • Scope of the Report • The global rolling stock market is analyzed in terms of volume (units) and value ($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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