Rolling Stock Market Analysis and Review 2019-2026 | Trends Market Research
Posted by Harsh on April 19th, 2021
The term rolling stock refers to any moving vehicle on railroads. This typically includes locomotives, metros, monorails, trams, freight wagons, and passenger coaches. Passenger transit are the trains, which are used to transport passengers from one place to another. However, cargo transit is a freight train which is used to transport goods or products from one place to another. The rolling stock such as locomotives are generally powered with various propulsion types such as diesel, electric, electro-diesel, and others.
The rolling stock market is driven by factors such as increase in allocation of the budget for development of railways, rise in demand for secure, safer, & efficient transport, and rise in use of public transport services as a solution to minimize traffic congestions. However, high capital requirement and refurbishment of existing rolling stock restrict the market growth. Moreover, improvement in railway infrastructure, particularly in developing countries, and increase in industrial & mining activity create lucrative growth opportunities for the market.
By type, it is divided into locomotive, metro, monorail, tram, freight wagons, passenger coaches, and others. Based on the end use, it is classified into passenger transit, and cargo train. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the market include Alstom, Bombardier, CRRC Corporation Limited, General Electric, Hitachi Ltd., Siemens, Stadler Rail AG, The Greenbrier Companies, Inc., TRANSMASHHOLDING, and TrinityRail.
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KEY MARKET SEGMENTS
By End Use
• North America
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About the AuthorHarsh
Joined: April 9th, 2019
Articles Posted: 457
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