Global Rolling Stock Market Outlook for 2023-28
Markntel Advisors has conducted a comprehensive study on the Global Rolling Stock Market is projected to grow at a CAGR of around 4.13% during the forecast period, i.e., 2023-28. The growth of the market is projected to be driven mainly by the expansion of railway routes worldwide, rapidly increasing urbanization, rising traffic congestion, and the mounting demand for comfortable & shorter journeys. In addition, the increasing electrification of railway networks, the replacement of old rolling stocks, and various ongoing & upcoming railway projects are also expected to boost the market in the coming years.
In addition, the Global Rolling Stock Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth.
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Global Rolling Stock Market Key Drivers:
Government Efforts toward Integrating Rapid Transit Networks to Reduce Traffic Congestion - Growing disposable incomes of people are leading to the ever-increasing demand for personal mobility and, consequently, rapidly rising road traffic worldwide. Moreover, the insufficient road network infrastructure in urban areas is another aspect leading to increasing road congestion & travel time. As a result, governments & urban planners are actively working on merging rapid transit networks & tramways with the existing city infrastructure. Moreover, the mounting inclination of commuters toward cost-effective, reliable, fast, yet eco-friendly means of transportation has bolstered the popularity of high-speed train networks. Hence, countries like Germany, France, & the UK are promoting the use of rapid transit systems to reduce traffic congestion, while India, China, Egypt, Brazil, & the Gulf nations are massively investing in the development of metros. Hence, these aspects are projected to drive the Global Rolling Stock Market during 2023-28.
Global Rolling Stock Industry Breakdown: Key Revenue Generating Segments
To facilitate focused analysis, the Rolling Stock Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter's five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:
-By Product Type
-Locomotive
-Rapid Transit Vehicles
-Wagon
-Metros
-Trams
-Monorails
-Passenger Coaches
-Others (Hyperloop, Bullet Trains, etc.)
-By Propulsion
-Diesel
-Electric
-By End User
-Passenger Transit
-Cargo Train
-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Each sections offer valuable insights into the Rolling Stock Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.
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Competitive Analysis of the Global Rolling Stock Industry
-CAF (Construcciones Y Auxiliar De Ferrocarriles, S.A.)
-Hitachi, Ltd.
-Alstom
-CRRC Corporation Limited
-IHI Corporation
-Hyundai Corporation
-Kawasaki Heavy Industries, Ltd.
-Nippon Sharyo, Ltd.
-Mapna Group
-ŠKODA TRANSPORTATION a.s.
-Trinity Rail
-Siemens Mobility
-The Greenbrier Co.
-GE Transportation
-Wabtec Corporation
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Global Rolling Stock Market Research Report Answers the Following Key Questions
- How big is the Global Rolling Stock Market?
- What is the projected growth rate or CAGR of the Global Rolling Stock Market during 2023-28?
- What are the key trends or growth opportunities for the key players in the Global Rolling Stock Market?
- Which ‘segment’ seems promising for companies operating in the Global Rolling Stock Market?
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