Rolling Stocks Market: Over 5 in 10 Rolling Stocks Found Utilization in Freight Application

Rockville, USA, 2019-Jun-17 — /EPR Network/ —

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 procurement of big ticket projects, the rolling stocks market continues to witness realignment. 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.

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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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. Overall growth of the rolling stocks market can be attributed to,

  • Industry titans acquiring big-ticket projects of rolling stocks
  • Promotion of railway transport as a sustainable transportation mode
  • Growing focus on increasing the average life of rolling stocks by predictive maintenance and remote monitoring in the services landscape
  • Optimistic outlook of autonomous trains and ongoing development of compatible rolling stocks

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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Over 5 in 10 Rolling Stocks Found Utilization in Freight Application

Based on application, rolling stock utilization in freight application remains higher as compared to passenger application. Fact.MR shows that over 5 in 10 rolling stocks were used in freight application in 2018. As freight application of rolling stocks significantly contributes to the enhancement of economic performance and meet logistic demands, the future status quo of freight application is expected to remain steady in the coming years.

Fact.MR study finds that APEJ continues to spearhead the global rolling stock sales and registered over 36% of the global demand in 2018 and the status-quo is expected to continue in 2018 at the growth rate of 3.3%. Emerging economies in the region are actively engaged in the development of railway infrastructure, thereby presenting lucrative opportunities for manufacturers in the coming years.

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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