Rolling stocks market witnessed sales of nearly 250 thousand units in 2018 and is expected to grow at a steady CAGR of 2.9% in 2019. The Fact.MR report tracks the rolling stocks market for the period 2019-2027. According to the report, the rolling stocks market is projected to grow at 3.3% CAGR through 2027. Overall the rolling stocks market growth can be attributed to,
- Industry titans acquiring big-ticket projects of rolling stocks
- Promotion of railway transport as a sustainable transportation mode
- Growing focus on increasing the average life of rolling stocks by predictive maintenance and remote monitoring in the services landscape
- Optimistic outlook of autonomous trains and ongoing development of compatible rolling stocks
The ongoing focus of governments to promote the railway as a sustainable mode of transportation has resulted in a growing number of tenders of new rolling stocks being procured by manufacturers. Further, with the construction of new railway roads to increase connectivity and promotion of autonomous railway, new trains are being introduced across the world’s developing economies. Developments in designs of rolling stocks compatible to autonomous train are also underway.
Freight Wagons Held Half the Sales in 2018, Passenger Rolling Stocks Growing Rapidly
Fact.MR study finds that among different types of rolling stocks, freight wagons accounted for nearly half the rolling stocks sold in 2018. Freight wagons form an important connection between railway transportation and different logistics services. As railway freight transport is being embraced by national governments, efforts are underway to improve the efficiency of freight wagons.
The global rail market is witnessing larger tender procurements by manufacturers to supply new and efficient fright wagons. For instance, Russia’s RM Rail signed an agreement with Iran’s MSA Company for construction of 1000 freight wagons in June 2018. Indian Railways also set out a tender for 22,000 freight wagons in June 2018. Ukrainian Railways passed a US$ 260 million tender for purchase of gondola wagons, freight wagons and self-discharging cars in January 2018.
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The study reveals that sales of passenger rolling stocks are increasing at a rapid rate and expected to grow at 4.3% in 2019 over 2018. Passenger rolling stock designs have evolved significantly in a bid to accommodate evolving consumer demand for comfort and safety. In addition, introduction of new trains in the wake of promoting railway transport in emerging economies has led to a number of tenders of passenger rolling stocks.
The detailed research report on the global rolling stocks market focuses on the macro as well as microeconomic factors that are helping its development.
The report also concentrates on the regulatory framework that is shaping the future of the global market.
Furthermore, the research report also makes not of the existing as well as prevailing pricing structure, emerging areas of applications, and imminent investment opportunities in the global market.
The report also offers an in-depth analysis of how the projected growth factors will shape the market dynamics in the coming years of the forecast period.
Moreover, it also gives meaningful as well as actionable insights on the key trends that are developing the current market scenario and which will be lucrative for the future of the global rolling stocks market.The global rolling stocks market analysis report also provides an in-detailed analysis of the overall vendor landscape.
Furthermore, it takes into consideration the existing development, past events, and recent trends to provide a strong and unbiased opinion on the future direction in which these leading companies will be heading into.
A detailed study by Fact.MR on the Rolling Stocks market provides an in-depth evaluation of various growth drivers, trends, and opportunities, the prevailing regulatory landscape in various regions, and the competitive scenario amidst the COVID-19 pandemic.
The report provides insight into the major drivers and key restraining factors, emerging trends, and sources of new revenue streams over the assessment period.
Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=2798Regional Assessments: The study identifies key opportunities in different key regions.
It provides insights into key trends and favorable macroeconomic frameworks in prominent revenue-generating regions.
It provides a detailed scenario of the existing demand and consumption patterns of various key product types.
The in-depth assessment of various growth dynamics of the Rolling Stocks market and insights on market estimations help all market participants to stay ahead in the curve of growth with a worldwide economic impact of COVID-19.
A detailed presentation of forecast, trends, and dollar values of international Rolling Stock Market is offered.
Market Insight, Drivers, Restraints & Opportunity of the Market:
Vehicles running on rails/tracks are termed as Rolling Stocks like locomotives, wagons, coaches and multiple units.
Government is taking measures to encourage public means of transport to reduce the pollution caused by individual automobiles.
One of the main driver has been Chinese govt push to develop vast network of high speed railway networks including international and intercontinental routes.
The Asia Pacific market is anticipated to be the major contributor in the global Rolling Stock market by 2027.
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