Rolling Stock Market Is Projected To
Reach Nearly 89850 Million by
Globally with Impressive CAGR
By 2023
BusinessIndustryReports have new report on “Global Rolling Stock Market
2019-2023”. The report provides the newest industry data and industry future
trends. The industry report lists the leading competitors and provides the
insights strategic industry Analysis of the key factors influencing the market.
This Report covers the Major Players data, including: shipment, revenue, gross profit, interview
record, business distribution etc., these data help the consumer know about the competitors’ better.
This report also covers all the regions and countries of the world, which shows a regional
development status, including market size.
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Rolling Stock market size maintained the average annual growth rate of 5.65% from 57060 million $
in 2013 to 67280 million $ in 2018. market analysts believe that in the next few years, Rolling Stock
market size will be further expanded, we expect that by 2023, the market size of the Rolling Stock
will reach 89850 million $.
Rolling stocks is generally referred as any wheeled vehicles running on a railway tracks, which
includes locomotives, passenger coaches and fright wagons among others. Railway transport is an
indispensable part of transport system and plays crucial role in the development of a nation,
because the development of trade, commerce and industries is highly dependable on the transport
system. It drives the growth of industrialization of a nation through transporting variety of goods
such as raw materials, basic commodities, vegetables, and utilities goods among others, with speed
and certainty.
Rising demand for goods transportation is driving the demand for rolling stocks. Additionally with
rising population in cities, demand for rapid urban transport is rising which is driving the demand for
rolling stocks. Rolling stocks such as EMU, DMU, etc. which are used as passenger trains are the
cheapest mode of transportation. This is increasing the demand for rolling stock. Increased spending