Press release
Rolling Stocks Market: Freight Wagons Held Half the Sales in 2018 || key Players: Bombardier Transportation, Hyundai Rotem, Kawasaki Heavy Industries, Siemens, PESA Bydgoszcz SA, Stadler Rail AG, GE
Factmr
2013-2018 and forecast period 2019-2027. In the rolling stocks market report, readers can find an allinclusive outlook of the rolling stocks market’s performance during the forecast period. Rolling stocks market witnessed sales of nearly 250 thousand units in 2018 and is expected to grow at a steady CAGR of 2.9% in 2019.
Rolling Stocks Market - Notable Highlights
CRRC Corporation Limited (CRRC), a rolling stock giant signed a strategic agreement with TÜV Rheinland, a global technical service provider – to improve their collaborative services including international compliance testing and certification of rolling stocks in September 2018.
Siemens announced the investment of 200 million euros to start rolling stocks factory at Goole in the East Riding of Yorkshire, UK in March 2018. In April, the company got approval from the Orange County Transportation Authority to supply vehicles for the county’s Streetcar project.
In February 2018, Swiss Stadler Rail AG announced the plan of building a new factory in Georgia which will focus on the manufacture of new rolling stocks and repair services for the Georgian Railway and the Tbilisi Metro.
Favorable industrialization milestones across emerging economies such as Brazil, India, and China amongst others, have kindled passenger and freight traffic, compatible to both narrow and broad gauged railway, more emphatically for diesel based locomotives and wagons. Such pronounced adoption pattern is further poised to inculcate bullish growth in rolling stocks market Scope for ample customization such as flexible integration of additional stocks, besides optimum safety are other potential triggers, reinforcing surged preferences for rolling stocks in contrast to ships, automotive, and air freight.
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To sustain staggering competition from competition freight options such as air, road, and sea, manufacturers in rolling stocks space are pegged at diversifying their functional scope on the back of improved R&D initiatives directed at superlative speed, reduced weight, as well as minimum maintenance. Besides R&D expeditions, industry behemoths in rolling stocks market are also investing in facility expansion schemes to diminish demand and supply gaps. In this light, leading player Siemens has recently affirmed its investment in a new rolling stock facility in UK, to resonate with government's recent streetcar program. Developments as such are estimated to massively influence growth trajectory in rolling stocks market in the near future.
The rolling stocks market report includes a section of the market structure that delivers information regarding the rolling stocks market segmentation. The market structure has been derived after an in-depth study of the rolling stocks market. Based on this, the rolling stocks market is segmented based on product type and application type.
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The report is poised to equip readers with reliable details on market developments, in the ambit of competitive foresight and cues on market entry barriers. Based on such decisive insights, aspiring entrants as well as established players in rolling stocks space can employ lucrative investment discretion to ascertain sustainable revenue pools amidst staggering competition. To provide readers with superlative understanding, the report is systematically clustered into coherent chapters. A dedicated chapter on market segmentation has been pinned in the trailing sections of the report to include veritable details on segments’ historic as well as upcoming growth estimations. Further in the course of the report readers are also enlightened about regional assessment of pivotal factors.
Detailed overview of rolling stocks market spectrum presented in the report banks upon a robust research methodology comprising primary and secondary researches that divulge relevant and timely market intelligence figures.
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.
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