Global Rolling Stock Market
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Global Rolling Stock Market was valued US$ xx Mn. in 2019 and the total revenue is expected to grow about 4.8% from 2020 to 2027, reaching US$ xx Mn.
Global Rolling Stock Market: Overview
The vehicles runs on rail track are called as Rolling Stock vehicle. Electric locomotives utilize electric power from battery, fuel cell, or overhead lines. The Locomotive has various types such as diesel steam, diesel pneumatic, diesel hydraulic, diesel mechanical, and diesel electric. The diesel electric locomotive has highest market share. The high speed trains used for intercity commutation has an average speed of 200- 300 Km/hr. The EMU (Electric Multiple Unit) is self propelled carriage run by electric power and DMU (Diesel Multiple Units) are same as EMU but powered by on board diesel engine. The other popular Rolling Stock types are DEMU (Diesel Electric Multiple Unit), DHMU (Diesel Hydraulic Multiple Unit), and Diesel Mechanical Multiple Unit. In the report each of the unit, its market share, revenue generation and the key trends are discussed separately with reference to the regions.
High Speed connectivity and Comfort provided by transit vehicle segment is anticipated to witness growth in the forecast period. In addition to that, the demand for magnetic levitation trains and automated trains, among public is increased for public transportation, is expected to grow in forecast period.
Global rolling stock market is growing at a high pace thanks to increased acquisitions and mergers. CRRC formed by merger of CSR and CNR in June 2015, now it is one of the top leading player in the global rolling stock market. Also, CRRC is leading market in new vehicle segments such as metro cars, high-speed trains, diesel locomotives, and electric locomotives. The key players have introduced innovative ideas & concepts to improve the manufacturing technologies for enhancing the product portfolios.
By type, Diesel segment holds the major share of the global market in 2019 and is expected to maintain to grow at CAGR of XX% during the forecast period. A surge in the adoption of Diesel vehicles for transportation of heavy goods applications such as oil & gas, mining, and manufacturing for transportation of goods is accredited the growth of the market. In addition, outdoor Diesel vehicles provide some benefits such as cost-effectiveness and high-torque engines, Manufacturers such as Bombardier Transportation CRRC, Alstom Transport, and Corporation Limited are developing turbocharged diesel to serve the demand of advanced rail vehicles.
Increasing urbanization and industrialization lead to the rapid demand in commutation is causing road traffic in major cities. The traffic problems rising market for alternative transportation such as rail transport, which will directly play a vital role in the growth of the Rolling Stock Market. The rail transport offers faster and convenient transport of goods and passenger. Governments also planning to increase rail connectivity for intercity transport will propel the Rolling Stock Market in forecasted period. Rail transport is reliable, eco friendly, and cost effective, developed countries such as France, Germany, and UK are promoting use of rail transport system to reduce road traffic congestion and ultimately the pollution.
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Last Update : Jan 01, 2021 1:26 AM
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