The global rolling stock market size in terms of value is estimated to be at $38.5 billion in 2014, which is projected to grow to $45.7 billion by 2019 at a CAGR of 3.48%.
(PRWEB) March 16, 2015
The demand for rolling stock depends on economic development of the country and the government support to develop the country’s infrastructure. The rolling stock market is governed by urbanization following population growth and economic development in emerging nations. The global economic meltdown from 2008–2013 has slowed down growth. However, the long-term outlook of the rail transportation industry remains positive, given the fact that investment projects in rail transportation systems are not significantly impacted by this situation. Following population growth, the transport infrastructure of Tier I cities is unable to cope up with the daily demand leading to traffic congestion. Moreover, development of suburban networks and smart cities has led to an increase in demand for transit networks in an intercity as well as intra-city level. Complete report is available at http://www.rnrmarketresearch.com/rolling-stock-market-by-rolling-stock-type-locomotives-rapid-transit-vehicles-wagonsby-locomotive-technology-conventional-locomotive-turbocharged-and-maglevs-by-region-forecast-and-analysi-market-report.html.
Public transit is also a cheaper and more comfortable alternative to personal transportation, and governments are encouraging the use of public transportation, as these systems have a comparatively lower impact on the environment than automobiles. Recent developments in the rail industry have led to new technologies focusing on increased speed, comfort, and reliability. Governments are investing in the development of infrastructure through the electrification of existing infrastructure and implementing new projects to improve the connectivity. Public-Private Partnerships (PPP) has been established in Europe, India, and Brazil among others and new projects are commencing to cater to the population’s increasing demand for convenient transit.
Rolling stock originally referred to the vehicles that move on a railway. It has since expanded to include the wheeled vehicles used by businesses on roadways. It usually includes both powered and unpowered vehicles, for example locomotives, railroad cars, coaches, and wagons.
Rolling Stock Market is dominated by a few major players and contains several small or medium players. Some of the key players are CSR Corporation Limited, Bombardeir Transportation AG, Siemens AG and Alstom SA, CJSC Transmashholding, Stadler Rail AG, General Electric Company, Kawasaki Heavy Industries Ltd, Construcciones Y Auxiliar De Ferrocarriles S.A and Hyundai Rotem Company. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=311145.
The rolling stock suppliers are focusing on global expansion and securing orders from overseas to diversify their regional revenue mix and capitalize on growing markets of Latin America and Africa. This has led to the development of region-specific solutions depending on the application and seamless integration with the existing transport infrastructure. Priced at $4650 for a single user PDF, a discount on this research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=311145.
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