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
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Rolling Stock Businesses Realign as Manufacturers Procure Big Ticket Projects
A modest outlook has been witnessed in 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.
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.
Passenger Coach Rolling Stocks to Witness Profitability
As safety and comfort of passengers remain the prime focus of new or under-maintenance rolling stocks, their replacements are frequent as compared to other types of rolling stocks such as multiple units, locomotive and freight wagons. Passenger coach rolling stocks have been deemed as the most maintenance-intensive coach of the railway system as they are subjected to the highest utilization by multiple passengers.
Manufacturers in the rolling stocks market, particular passenger coach are set to witness profitability in the coming future by procuring steady and new tenders of passenger coach rolling stocks.
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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.
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