Growth Opportunities in the Global Mainline Electric Multiple Units (MEMUs) Market, Forecast to 2024
NEW YORK, Nov. 6, 2018 /PRNewswire/ -- New EMU Deliveries to Create a Market of $7.59 Billion by 2024
With a strong resurgence in traffic volumes and shifting customer demands, rail is becoming the favoured choice as cities across the globe seek the most economical and fuel-efficient modes of travel.
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Western Europe is the largest market, and Germany is expected to require a vast number of regional and commuter transport vehicles in the next 10 years.In Asia-Pacific, the market growth will become more significant as conventional coach-based railway will shift into using multiple units.
The global volume for mainline EMUs created a market size of $ 7.5 billion in 2017. Emerging cities in APAC and Latin America on the verge of conurbation and with a population of 10 million or more have the need for new mass transit systems. Lesser carbon content than diesel-powered units and not significantly affecting the nearby air quality make EMUs the ideal choice for an affordable and reliable source of mass transport for routine commutes to busy areas in the cities where there is a need for reduced congestion.
Key participants from Western Europe that are technologically advanced in the manufacturing process and have made significant contributions in the region through delivering EMUs are expected to expand their global presence and embrace emerging regions in Europe, Americas, APAC, and MEA in their efforts to build alternate mass transit systems connecting cities to suburban and remote areas.This would encourage technology transfers and lead to standardisation of local production processes to maintain consistency in manufacturing rail vehicles and components throughout the world.
There are several high-speed rail projects planned in the US, Russia, China, and parts of Europe, and commuter rail projects planned in the APAC and LATAM regions that would benefit the EMU rail industry when finalised. Investors for some projects in APAC have announced the planned investment and are looking for bidders for rail network expansion and rolling stock fleet size improvement along with a maintenance programme spanning decades of service in contract.
Research Scope
This study reviews the existing EMU fleet in all regions within the scope, provides analysis of the age of fleet in the individual regions as a measure of future requirements, and postulates a scope for mass production and extended presence in the regions. The challenges involved in each region, methods by which the challenges could be met and diverted to positively benefit the EMU rail market, along with market drivers, growth opportunities and guidelines for increasing market share are included as well.
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