Global rolling stock market is projected to register a CAGR of 3.9% in the forecast period of 2020 to 2027. The new market report contains data for historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.
Market Segmentation:
Global Rolling Stock Market, By Product Type (Wagons, Coaches, Locomotives, Rapid Transit), Locomotive Technology (Turbocharged Locomotives, Conventional Locomotives, Maglev), Components (Traction Motor, Auxiliary Power System, Wheelset, Axle, Pantograph, Air Conditioning System, Passenger Information System), Application (Passenger Transportation, Freight Transportation), Region (North America, Asia-Pacific, Europe, Middle East & Africa, South America) Industry Trends and Forecast to 2027.
Some of the major factors contributing to the growth of the global rolling stock market are:
• Growing rail infrastructure development to reduce the road traffic congestion is driving the market growth
• Advent of the electric locomotive technology is accelerating the rolling stock market growth
Market Players
Some of the major players operating in the global rolling stock market are:
• CRRC Corporation Limited
• Wabtec Corporation
• Bombardier
• Alstom
• Stadler Rail AG
• CAF, Construcciones y Auxiliar de Ferrocarriles, S.A
• ABB
• American Industrial Transport, Inc.,
• Caterpillar
• Hitachi, Ltd.
• HYUNDAI ROTEM COMPANY
• JAPAN TRANSPORT ENGINEERING COMPANY
• Kawasaki Heavy Industries, Ltd
• Mitsubishi Electric Corporation
• National Steel Car Limited.
• Niigata Transys Co.,Ltd.
• PATENTES TALGO S.L.U.
• Siemens
• Toshiba Infrastructure Systems & Solutions Corporation
• TRANSMASHHOLDING
• Woojin Industrial Systems, Co., Ltd.