Press release
Rolling Stocks Market Is Expected To Surpass A CAGR Of 4% From 2022-2031
Fact.MR's report projects the global rolling stocks market to surpass US$ 77 Bn, expanding at over 4% CAGR across the 2021-2031 forecast period. The focus of manufacturers on offering quick and comfortable transportation alternatives is driving growth.Historically, from 2016-2021, sales of rolling stocks garnered a market revenue surpassing US$ 50 Bn. Due to the lockdowns imposed by COVID-19, the industry suffered a setback as the global transportation sector experienced significant constraints. Fortunately, demand for essential products and services such as food and pharmaceutical products largely sustained global rolling stock demand.
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Competitive Landscape
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 the procurement of big-ticket projects, the rolling stocks market continues to witness realignment.
Key Takeaways from the Market Study
By type, locomotive rolling stocks demand to accelerate above 4% CAGR from 2021-2031.
Freight wagons to account for over 5 out of 10 rolling stock sales until 2031
Rapid urbanization spurring demand for passenger wagons, accounting for around 40% of global demand
High demand is anticipated in the U.S, likely to surpass a CAGR of 5% in the forecast period.
China and India dominate the rolling stocks market across Asia, yielding over 60% of revenue
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Key Segments Covered
Product Type
Locomotives Rolling Stock
Passenger Coaches Rolling Stock
Multiple Units Rolling Stock
Freight Wagons Rolling Stock
Application
Rolling Stock for Freight Application
Rolling Stock for Passenger Application
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Highlights And Projections of the Rolling Stocks Market Report :
Elaborated scenario of the parent market
Transformations in the Rolling Stocks Market Demand dynamics
Detailed segmentation of the target market
Historical, current and forecast of Rolling Stocks Market size based on value and volume
Latest industry developments and trends of Rolling Stocks Market
competitive analysis of Rolling Stocks Market
Strategies adopted by the Rolling Stocks Market Key players and product developments
Potential and niche segments, along with their regional analysis
Unbiased analysis on Demand of Rolling Stocks Market
Why to purchase this Report?
Following are the reasons to consider this Outlook of Rolling Stocks Market report By Fact.MR - a market research and competitive intelligence provider:
This ultimate guide will help you stay ahead in market as it furnishes you with the profiles of the Rolling Stocks Market key players and their working methodologies and their decision making capabilities.
The report analyzes various factors which act as drivers and restraints to development and sales of Rolling Stocks Market globally .
This report not only analyzes present market condition but it likewise estimates how the Rolling Stocks Market Demand is going to perform for estimated time period.
It enables you to adopt smart methodologies and form better decisions by giving a clear idea about customer's requirement and preferences regarding the product in particular region.
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