Rolling Stocks Market to Witness Robust Expansion Throughout the Forecast Period 2022 - 2028 | Bombardier Inc., Wabtec Corporation, Stadler Rail AG

Rolling stocks is referred to running of any wheeled vehicles on railway tracks including passenger coaches, locomotives, and wagons. With an increase in the use of public transport in order to reduce traffic congestion, rolling stocks market is growing. In addition to this, rise in the demand for energy-efficient transport has attributed to the growth of rolling stocks market.

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Companies Profiled in this report includes:  Bombardier Inc., Wabtec Corporation, Stadler Rail AG, Alstom, Kawasaki Heavy Industries Ltd., Hyundai Rotem, Hitachi Rail Systems, Construcciones y Auxiliar de Ferrocarriles, CRRC Corp., Ltd., Mitsubishi Heavy Industries

MARKET SEGMENTATION

On the basis of technology, the market is segmented as Conventional Locomotives, Turbocharged Locomotives, and Maglev.

On the basis of Product Type, the market is segmented as Locomotives (Diesel Locomotives,Electric Locomotives,Electro-Diesel Locomotives), Rapid Transit (Diesel Multiple Units,Electric Multiple Unit,Light Rails/Trams,Subways/Metros,Monorails), Coaches, Wagons, and Others.

On the basis of Application, the market is segmented as Passenger Transportation and Freight.

MARKET DYNAMICS

Drivers:

Increase in the demand for energy-efficient transport

Rise in the mining and other industrial activities

Growing rate of adoption of public transport.

Restraint -

High capital for the maintenance of rolling stocks

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IMPACT OF COVID-19 ON ROLLING STOCKS MARKET

The COVID-19 pandemic has an adverse impact on public transport around the world. Many countries have adopted lockdown measures in which operations of metro and other public transport have been halted, as a result of which passenger numbers have fallen drastically, and services were reduced. For instance, Metro train services in major cities across India restarted operations under COVID-19 guidelines from September 7, 2020, for the first time since March. Further, COVID-19 public transit systems in major cities across the world, like New York, Paris and London, have been badly affected by the spread of the virus as metro trains are potential aerosol transmission hubs. However, major cities and transit systems worldwide have restarted the operation of metro and railways as the vaccine drives are being successfully implemented. Moreover, the rising need to focus on the reduced emissions and increased efficiency of public transport systems, specifically railways, has resulted in the stability of the global rolling stocks market with the strengthening of supply chain and reopening of production facilities.

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