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3. New Products, Adopted Expansion Strategies, and Undertook Collaborations, Partnerships, And Mergers & Acquisitions to Gain Traction in the High-Growth Rolling Stock Management Market

The rolling stock management market is projected to reach USD 58.4 billion by 2025 from an estimated USD 42.8 billion in 2019, at a CAGR of 5.32%. The base year for the report is 2018, and the forecast period is from 2019 to 2025. The growth of the rolling stock management market is influenced by the rising concerns over safety, security, and inspection in the transport business. Also, rolling stock management offers the additional benefits of reducing long term costs and eliminating traditional methods of maintenance. The rolling stock manufacturers include Bombardier (Canada), Alstom (France), General Electric (US), Siemens (Germany), ABB (Switzerland), and others. These companies developed new products, adopted expansion strategies, and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in the high-growth rolling stock management market.

Bombardier is one of the leading players in the rolling stock management market. The company is continuously delivering new technologies in the after services market. The launch of the TRAXX DC3 locomotive by Bombardier at its Vado Ligure site in Italy is an intelligent platform that runs on condition-based maintenance, big data, and IoT to correlate the data coming from vehicles and rail infrastructure to monitor the vehicles’ health in real time and predicting maintenance interventions while guaranteeing maximum fleet performance and availability.

To know about the assumptions considered for the study download the pdf brochure

Alstom collaborated with French national railway company, SNCF Réseau, to improve railway traffic in the country. This collaboration is aimed at developing and executing new control systems and regulations for railway traffic to enhance the efficiency of the rail network. Alstom developed an operational traffic management tool to manage traffic conflicts and avert disruptions. The company focuses on collaborating with different companies to hold its share in the market. For instance, in February 2018, Siemens, Alstom, Ferrovie dello Stato Italiane (Italy), and George Kent (Malaysia) together with PORR mutually agreed to join forces in a consortium to bid for the Kuala Lumpur-Singapore HSR AssetsCo tender, announced by the Malaysian and Singaporean governments.

Related Reports:

Rolling Stock Management Market by Management (Rail, Infrastructure), Rail (Remote Diagnostic, Wayside, Train, Asset, Cab Advisory), Infrastructure (Control Room, Station, Automatic Fare Collection), Maintenance Service & Region - Global Forecast to 2025

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