The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Rolling Stock Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Rolling Stock Industry Analytical Overview (2023-2028): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Rolling Stock Market is projected to grow at a CAGR of around 4.13% during the forecast period, i.e., 2023-28. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2023 to 2028.
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What is Included in Rolling Stock Market Segmentation?
The report has segmented the market into the following categories:
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
Here, freight trains would remain the largest end-users in the market over the coming years. They are an integral part of the global supply chain, owing to their ability to transport high-volume goods, such as fossil fuels like coal, petroleum, & gas, raw materials, heavy industrial machinery, etc., both internationally & domestically. The advent of advanced tracking & security technologies has significantly improved the service quality of freight trains.
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Key Factor Driver Rolling Stock Industry Growth by 2028
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.
Who are the Key Players Operating in the Rolling Stock Industry?
The top companies of the Rolling Stock market ruling the industry are:
- 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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FAQs (Frequently Ask Questions)
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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