Global Rolling Stock Market Review & Forecast 2019-2025 Rolling Stock Market

Global Rolling Stock Market Review & Forecast
2019-2025
According to BlueWeave Consulting, the Global Rolling Stock Market is expected to
grow with a significant rate during the forecast period 2019-2025 owing to the easy
transportation with benefits like cost-effectiveness, reliability, and comfort. In some
countries like the U.S., rolling stock term is also referred for the wheeled vehicles used by
for businesses on roadways. Requisite for reduced traffic, cost efficiency and reliability has
boosted the adoption of rolling stock for transportation of passengers, goods, and animals.
Better speed and comfort offered by high-speed trains and maglev trains has driven
passenger preference from conventional to advanced trains.
With the growing population in cities, demand for rapid urban transport is increasing which
is driving the demand for rolling stocks. Several developed countries, as well as emerging
countries, are focusing on expanding their rail network for a better standard of living and
economic growth. Urban rail transit like metro and trams have emerged as reliable modes of
city transport. Furthermore, government initiatives to promote public transport as a means
of reducing traffic congestion and pollution is also boosting the global rolling stock market.
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Key Development:
· September 2018: CRRC Corporation Limited (CRRC) signed a strategic agreement
with TÜV Rheinland to improve their collaborative services including international
compliance testing and certification of rolling stocks.
· September 2018: Alstom received worth 315 million euro contract by the Mumbai
Metro Rail Corporation Limited (MMRCL) for Mumbai Metro Line 3 to supply 248
metro cars
· March 2018: Siemens announced the investment of 200 million euros to start rolling
stocks factory at Goole in the East Riding of Yorkshire, UK. The company got
approval from the Orange County Transportation Authority to supply vehicles for the
county’s Streetcar project.
Global Rolling Stock Market: Competitive Landscape
Companies such as Dell CRRC, Bombardier, Alstom, Siemens, Kawasaki Heavy Industries,
General Electric, Transmashholding, Stadler, Construcciones Y Auxiliar De Ferrocarriles
(CAF), Hyundai Rotem, Mitsubishi Heavy Industries, Talgo, Hitachi, ABB, Toshiba, Woojin
Industrial Systems, Thales Group, American Equipment Company, Chittaranjan Locomotive
Works (CLW), and UGL are the leading players of rolling stock market across the globe.
Key Target Audience:
 Market research and consulting firms
 Industry associations
 Global rolling stock manufacturers