HOME › Press Releases › Rolling Stock Market and Infrastructure Analysis worth 54.55 Billion USD by 2020
Rolling Stock Market and Infrastructure Analysis worth 54.55 Billion USD by 2020
The report "Rolling Stock Market and Infrastructure Analysis by Type (Locomotive, Rapid Transit Vehicle, and Wagon), and by Region (Europe, Asia-Pacific, North America, and Row) - Trends & Forecast to 2020", The global rolling stock market reached an estimated market size of USD 45.73 Billion in 2015. It is projected to grow to 54.55 Billion by 2020, at a CAGR of 3.59%. The increasing urbanization across the globe and railway privatization in growing economies of Asia-Pacific are some of the key drivers fueling the growth of the rolling stock infrastructure market.
Browse 44 market data Tables and 30 Figures spread through 101 Pages and in-depth TOC on "Rolling Stock Market and Infrastructure Analysis by Type (Locomotive, Rapid Transit Vehicle, and Wagon), and by Region (Europe, Asia-Pacific, North America, and Row) - Trends & Forecast to 2020"
Early buyers will receive 10% customization on reports.
Railroad car market: Set to grow at the highest CAGR, in terms of value, during the forecast period
The report segments the rolling stock market on the basis of type into railroad, rapid transit, and locomotive. Locomotives are traditionally used to haul freight and passenger wagons for long-distance main line transport. However, vehicles such as metros, light rail vehicles, and subways are being used for intra-city as well as intercity transportation. The growth of this market can be attributed to factors such as the growing global population, increasing urbanization, rising need for cleaner and faster modes of transportation, and economic growth.
Asia-Pacific: Fastest-growing market, in terms of value, for rolling stock and its infrastructure
Asia-Oceania comprises emerging and developing economies such as India, China, Japan, and Korea, and is experiencing a considerable growth in population. The rolling stock industry is witnessing growing demand after a weak performance in 2008, following the global recession. Global OEMs are investing in this region, owing to its promising growth opportunities. Increasing urbanization, reduction of road congestion, and technological advancements in rolling stock are driving the rolling stock infrastructure industry in Asia-Pacific. This has resulted in a surge in demand for locomotives, rapid transit vehicles, and wagons. The region houses major players such as CSR Corporation Ltd. (China) and Kawasaki Heavy Industries Ltd. (Japan).
North America:Promising market for rolling stock
North America is witnessing an upward trend in the demand for locomotives and rapid transit vehicles, which is positively impacting the rolling stock infrastructure industry. An increasing number of Eastern European and Asian players are forming joint ventures with U.S. manufacturers, as the rolling stock manufactured in the North American region is considered technologically advanced. Furthermore, North America is a major market for rolling stock, owing to the increasing urbanization in the region. Major suppliers such as GE Transportation (U.S.) and Bombardier Inc. (Canada) are catering to the rising demand in the region.
Europe: Projected to witness stable growth
Europe is a major established market for rolling stock and its infrastructure, and is projected to witness stable growth during the forecast period. The stringent fuel economy norms in the region are expected to be a major market driver, as they will likely promote research to encourage the use of renewable energy through new fuel and propulsion systems. The growing demand for comfort and safety while travelling is also expected to increase the demand for high quality rolling stock. Europe is home to major rolling stock infrastructure suppliers such as Alstom SA (France) and Siemens AG (Germany), which supply rolling stock for various railway applications.
The report covers the rolling stock market, in terms of volume (units) and value (million). It also covers the rolling stock infrastructure market in terms of value (million and billion). It briefly studies the rolling stock market on the basis of railway track network and rolling stock investments, from 2015 to 2020.
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India