About Rolling Stock System
Rolling stocks are referred to as any wheeled vehicles running on a railway track, which comprises locomotives, passenger coaches and freight wagons. Railway transport is an essential part of the transport system and plays a vital role in the development of a nation because the expansion in trade, commerce, and industries is highly dependable on the transport system. Growing population, industrialization and government initiatives to deliver faster, the cleaner and safest transport system is encouraging the growth of the global rolling stock market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Analyst at AMA Research estimates that Chinese and United States Manufacturers will contribute the maximum growth to Global Rolling Stock System market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Trinity Rail Group, LLC (United States), Hyundai Rotem (South Korea), Hitachi Rail Systems (Japan), CRRC (China), Bombardier (Canada), GE Transportation (United States), Siemens (Germany), Qiqihar Railway Rolling Stock Co. Ltd. (China), Advantech (Taiwan), Strukton Rail bv (Netherlands) and Herrenknecht AG (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are SNC-Lavalin (Canada), Alstom (France) and Stadler Rail AG (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Rolling Stock System market by Type (Powered and Unpowered), Application (Locomotives [Steam, Diesel or Electric], Railroad Cars, Wagons, Coaches and Multiple Units) and Region.
On the basis of geography, the market of Rolling Stock System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Pantograph will boost the Rolling Stock System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement Related to Rolling Stock System
Market Growth Drivers:
Growing Demand for Energy-Efficient Transport and Increasing Demand for Comfort and Safety
Challenges:
High Overhaul and Maintenance Costs and High Expenditure for Research and Development
Restraints:
Refurbishment of Existing Rolling Stock and Huge Capital Required
Opportunities:
Big Data Applications in the Rail Industry and Increase in Industrial and Mining Activity
Key Target Audience
Manufacturers of Rolling Stock System, Suppliers of Rolling Stock System, Wholesalers, Distributors and Retailers of Rolling Stock System, Railway Manufacturers, Railway Organizations, Raw Material Suppliers of Railway Components and Government Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.