ID: MRFR/CnM/6412-CR | May 2019 | Region: Bric | 132 pages
The Rolling Stock market is expected to grow at a CAGR of 4.9% over the next five years. Many projects and investments are made to better the railroad's services and meet the increasing demand across the globe and help expand the Rolling stock market.
The rolling stock market looks after all the railroad services provided to the world. An increase in world population has increased the number of passengers traveling around the globe which directly has increased the demand in the market. Many factors such as rise in standard, the demand for comfort, urbanization, time-saving transport facilities, and others have contributed to the growth of the global rolling stock market. Railroads are used for many purposes such as transportation of goods, animals, and most commonly passengers. Asia-Pacific region covers the largest land area among all the regions and is the most populated region, it is expected to contribute the highest growth rate to the market. But Asia-Pacific region is expected to show the second largest growth after the Middle-East Africa region in terms of growth and development.
The impact of COVID-19 is observed differently in different markets. The outbreak of deadly virus forced the government around the world to impose nationwide lockdown which directly affected all kinds of markets. Only necessary services and workers were allowed. Even though transport and railroad services are important to maintain the flow around the world, the market was affected negatively. The one reason for the decrease in demand from the rolling stock market is the decreased budget allocated to railways by the government.
Major manufacturers of rolling stock markets such as Bombardier (US), announced the suspension of production due to a decrease in demand during the lockdown period. Many companies and major key players of the market are adapting to new strategies to cope up with the negative effect of the COVID-19 situation.
Value Chain Analysis:
Looking at the working of the rolling stock market, the market works on the budget given to it by the government, locals, and the profit it earns from the services. Currently, rolling stock is keeping a good eye on its rail lines as it is providing the maximum profit and is projected to expand further by 2025. The market is working on the expansion of the metro and electrical network. The services provided by rolling stock manufacturers to the world are the transportation of goods and passengers, connectivity, and services to commercial industries.
To understand the growth of a market and view the highest demand from a particular region, a regional analysis of that market is important. For, rolling stock market, Asia- Pacific region is expected to report the highest demand in rolling stocks. Further, Europe is projected to highlight sustainable rise as the European government has invested in the growth of the rolling stock market. Moreover, the Middle East and parts of Africa have shown a steep rise in the development of the rolling stock market by region. The market is divided into the top six regions that are North America, South America, Asia-Pacific, Europe, the Middle- East, and Africa. These different regions avail the highest development, demand, and consumption from the rolling stock market.
The major companies and key players of the market are expanding their company by acquiring small companies, collaborating with other potential companies, launching new and advanced rolling stocks, etc. New strategies are adopted by the market to stand out situations like a global pandemic. Some of the key players of the market are:
The market for rolling stock is always getting better with the increased demand and urbanization. Many developments have been made with each passing year to step into a new era of modernization and urbanization. Some of such developments done in the past few years in the rolling stock market are:
The rolling stock global market research report gives a detailed description of market growth, trends, development, and key players of the market. The report discussed market dynamics that included growth drivers, restraints, opportunities, and challenges that the market might be facing. Further, it also gives a segment analysis of the market which describes the market by segments. Regional analysis of the market is also mentioned in the report content to understand the leading region of the rolling stock market and the region with the highest growth.
The global market for rolling stock is projected to grow with a CAGR rate of 4.5% over the next 5 years and the market value of rolling stock is projected to increase by 16 billion.
|Market Size||2030: Significant value|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, Product Type, Train Type and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Hitachi Ltd.,GE Transportation,Electro-Motive Diesel (EMD), Kawasaki Heavy Industries Rolling Stock Company, Construcciones Y Auxiliar de Ferrocarriles, CRRC Corporation Limited, Bombardier, Alstom, Transmashholding Stadler Rail AG, Hyundai Rotem Company|
|Key Market Opportunities||Development in mining industries|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The rolling stock market has recorded a market value of USD 51.6 billion in 2020 and is projected to touch a market value of USD 64.3 billion by 2025.
Urbanization, increased standards, the demand for comfort, and other such factors have helped the expansion of the rolling stock market. Expansion of metro projects, electrical networks, increase in freight transportation, and others as such have highly contributed to the growth of the rolling stock market.
The highest heat growth in development is observed in the Middle- East- Africa region but the Asia-Pacific region is projected to be the global leader of the rolling stock market by 2025.