Rolling Stocks Market Estimated to Soar Higher During 2018 to 2027
The rolling stocks market report tracks the market for the historical period 2013-2018 and forecast period 2019-2027.
[UKPRwire, Wed Apr 17 2019] FactMR has actively published a new research study titled “Rolling Stocks Market Estimated to Soar Higher During 2018 to 2027 | Key Players - CRRC Corporation Limited, Bombardier Transportation, Siemens, etc.” to its broad online database. This assessment works to discourse the major trends, opportunities and drivers motivating the rolling stocks market through 2027. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants. As per research findings, the global rolling stocks market is expected to showcase impressive growth at 3.3% CAGR during the period until 2027.
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A modest outlook has been witnessed in the rolling stocks market in the past decade, in line with significant railway infrastructure investments made by national governments. As business giants become more engaged in increasing their market share through procurement of big ticket projects, the rolling stocks market continues to witness realignment.
The rolling stock market remains highly clustered among can top 5 players - CRRC Corporation Limited, Bombardier Transportation, Alstom Transport, GE Transportation and Siemens, who hold significant revenue share of the market. Competition remains intense in the rolling stocks market, with CRRC Corporation at the forefront, which continues to face a fierce competition from Bombardier and GE. Additionally, J-TREC. Alstom, Siemens, Kawasaki Heavy Industries and PESA are other leading contenders who are engaged in product innovation and expansion of their product portfolio.
Investments in rolling stock are highly cost-intensive, and the lifecycle value of these infrastructures is one to two years. Repair and maintenance services provided by rolling stock manufacturers are aimed at optimizing and increasing the average age of rolling stocks. Incorporation of predictive maintenance has changed the course of rolling stock asset management wherein connected technologies, remote monitoring, digital analysis, and big data analytics have paved new ways in the traditional business model for services in rolling stocks market.Future forecast of the new rolling stock sales seems to stabilize as investors seek more cost and return-oriented from rolling stock OEMs. Real-time monitoring and predictive maintenance services have helped OEMs to optimize their value propositions thereby strengthening the repair and maintenance services in the rolling stock landscape.
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As safety and comfort of passengers remain the prime focus of new or under-maintenance rolling stocks, their replacements are frequent as compared to other types of rolling stocks such as multiple units, locomotive and freight wagons. Passenger coach rolling stocks have been deemed as the most maintenance-intensive coach of the railway system as they are subjected to the highest utilization by multiple passengers. Manufacturers in the rolling stocks market, particular passenger coach are set to witness profitability in the coming future by procuring steady and new tenders of passenger coach rolling stocks.
As Rail gains traction as a prime means of sustainable mobility in a bid to establish low-carbon railway transportation, there have been assertive project proposals to remove diesel trains from the railway transportation infrastructure. Additionally, proposals to connect other low-carbon transportation modes with railway such as bicycle sharing and facilities of their parking at railway stations are underway. European Commission has made greater strides in promoting de-carbonization of the transport sector to achieve greenhouse gas reduction goals. The RSSB announced funding competitions to support the government-led initiative of removal of diesel trains from Britain’s railway by 2040. India has also prioritized railway de-carbonization. To achieve the carbon emission reduction targets, projects to shift from diesel-powered rail network to electrified rail network is proposed wherein significant steps are underway in the same direction. With rolling stocks being the primary part of railway, promotion of railway transports in future will add profitability for rolling stock manufacturers.
In the rail transport industry, rolling stocks are vehicles in the form of locomotives, rail coaches, wagons and railroad cars. The rolling stocks can be powered or unpowered. Rolling stocks in the United States also include wheeled vehicles used on roadways for different business purposes.
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