Global Rolling Stock Market Overview Analysis
Rolling stock term is used in railway transportation industry, which refers any vehicle that can move on rail-road. It includes powered vehicles such as locomotives and unpowered vehicles such as freight wagons, passenger coaches, and more. They operate automatically and are monitored or controlled from the control station. Automated trains or the driverless trains, which do not involve a driver to carry out its operations or working. Further, in case of any obstacle incurred in the route, a message is sent to operational control centre and to the attendant on the train, to stop the train.
Based on product type, the locomotive segment is going to have a lucrative growth during the forecast period owing to the increasing focusing on developing technologically advanced solutions on account of the rising concerns about transmission losses, component weight, and environmental concerns. Due to increasingly stringent fuel efficiency norms in North America and Europe, the diesel engine features the turbocharged technology which provides a 50% increase in engine power without additional increase in fuel cost as power is generated by the exhaust gas from the engine. The rolling stock industry is gradually shifting towards diesel-electric and electric locomotives.
Some of the key players profiled in the Rolling Stock Market include Alstom, Siemens Mobility, Bombardier Transportation, General Electric, Hyundai Rotem Company, Kawasaki Heavy Industries, Stadler Rail AG, CRRC Corporation Limited, Trinity Rail Group, LLC, Hitachi Railway Systems, The Greenbrier Co, Wabtec Corporation, Transmashholding, and Talgo.
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