According to the report, the global rolling stock market is expected to grow from $ 51.10 billion in 2020, which is expected to reach $ 72.25 billion by 2028, with a CAGR of 4.14% from 2020 to 2028. This growth is attributed to increasing preference. to public rail transport to reduce traffic congestion. The reason for the growth of the rolling stock market is the increase in the global production of commodities and food products. The market is also experiencing an increase in the production of industrial products. Rolling stock is a much more efficient mode of transport than other modes of transport. The main factor limiting market growth includes the high cost of capital and the need for support from local authorities and governments.
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Recently released research report on Global Rolling Stock Market by Evolve Business Intelligence examines the industry against the background of key aspects of the market including market size and forecast, market share in terms of revenue and volume , the main players and the SWOT analysis. The market is analyzed on the basis of 4 distinct indications in the chapter on market dynamics: drivers, restraints, key trends and challenges. The sum total of these sections will help you understand what strategies will be the best to adopt in order to thrive in this industry over a few short years. Quantitative analysis includes our actual results from this research study where we have provided additional insight into what our readers can do to seize new opportunities or plan against threats that may hamper the market.
The COVID-19 pandemic has caused a disruption in the supply chain, leading to either lower demand or supply shortages in the rolling stock market. Travel restrictions and social distancing measures have led to a sharp drop in consumer and business spending and this trend is expected to continue for some time. The trend and end user preferences have changed due to the pandemic and have caused manufacturers, developers and service providers to adopt various strategies to stabilize the business.
The new normal
As businesses recover from the COVID-19 pandemic, they face a new set of priorities. Throughout this crisis, they were forced to deal with changing situations and often failed to achieve their ultimate goals. Now that a cure has been found and the pandemic is fading, they will need to recover from this epidemic by setting new goals for themselves to be successful in the future.
In terms of the impact of COVID 19, the Rolling Stock Market report also includes the following data points:
• Impact of COVID19 on the size of the rolling stock market
• Trend and preferences of end user / industry / applications
• Government policies / regulatory framework
• Strategy of the main actors to fight against negative impact / post-COVID strategies
• Opportunity in the rolling stock market
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Some of the major rolling stock players with high market share include Alstom, Bombardier, CRRC Corporation Limited, General Electric. These players use partnership as a key strategy to gain significant market share in order to compete with market leaders.
The main players presented in the report are:
• CRRC Limited Company
• General Electric
• Hitachi Ltd.
• Stadler Rail AG
• Greenbrier Companies, Inc.
• Rail Trinity
Market segment by locomotive technology with emphasis on market share, consumption trend and growth rate of the rolling stock market:
o Conventional locomotive
o Turbocharged locomotive
Market segment by component with emphasis on market share, consumption trend and growth rate of Rolling Stock Market:
o Pair of wheels
Market segment by product type with emphasis on market share, consumption trend and growth rate of Rolling Stock Market:
o Diesel locomotive
o Electric locomotive
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Global geographic coverage of rolling stock:
• North America
o United States
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of Asia-Pacific
• Rest of the world
o South America
o Middle East and Africa
North America holds the largest market share in the automotive traction motors market, due to the presence of large projects related to the expansion of electrical systems in the new generation of automobiles. Europe is the second largest market, due to the increased importance given to research and development projects.
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