PUNE, India, April 25, 2016 /PRNewswire/ --
The global rolling stock market size is estimated to be at $38.5 billion in 2014, which is projected to grow to $45.7 billion by 2019 at a CAGR of 3.48% driven by increasing population on a global level, coupled with urbanization, increasing need for cleaner modes of transportation, and economic growth is driving the growth of rolling stock market.
Complete report on global rolling stock market spread across 250 pages, profiling 10 companies and supported with 44 tables and 30 figures is now available at http://www.rnrmarketresearch.com/rolling-stock-market-by-rolling-stock-type-locomotives-rapid-transit-vehicles-wagonsby-locomotive-technology-conventional-locomotive-turbocharged-and-maglevs-by-region-forecast-and-analysi-market-report.html .
The demand for rolling stock depends on economic development of the country and the government support to develop the country's infrastructure. The rolling stock market is governed by urbanization following population growth and economic development in emerging nations. The global economic meltdown from 2008-2013 has slowed down growth. However, the long-term outlook of the rail transportation industry remains positive, given the fact that investment projects in rail transportation systems are not significantly impacted by this situation. Following population growth, the transport infrastructure of Tier I cities is unable to cope up with the daily demand leading to traffic congestion. Moreover, development of suburban networks and smart cities has led to an increase in demand for transit networks in an intercity as well as intra-city level.
Public transit is also a cheaper and comfortable alternative to personal transportation and governments are encouraging the use of public transportation as these systems have a comparatively lower impact on the environment than automobiles. Recent developments in rail industry have led to new technologies focusing on increased speed, comfort, and reliability. Governments are investing in the development of infrastructure through electrification of existing infrastructure and implementing new projects to improve the connectivity. Public-Private Partnerships (PPP) has been established in Europe, India, and Brazil among others and new projects are commencing to cater to the population's increasing demand for convenient transit.
The rolling stock suppliers are focusing on global expansion and securing orders from overseas to diversify their regional revenue mix and capitalize on growing markets of Latin America and Africa. This has led to development of region-specific solutions depending on the application and seamless integration with the existing transport infrastructure.
Major market players include Bombardier Transportation (Canada), Siemens AG (Germany), Alstom SA (France); CSR Corp. (China), General Electric Company (U.S.), and CJSC Transmashholding (Russia) among others. Order a copy of Rolling Stock Market by Rolling Stock Type (Locomotives, Rapid Transit Vehicles, Wagons),by Locomotive Technology (Conventional Locomotive, Turbocharged and MAGLEVs) & by Region - Forecast and Analysis to 2019 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=311145
This report covers in-depth industry analysis including industry trends, and company profiles, which together comprise and discuss the basic views on the emerging and high-growth segments of the rolling stocks market, competitive landscape. The report will enable both, new entrants/smaller firms as well as established firms to understand the market, which in turn will help the firms to acquire a larger rolling stock market share. Firms purchasing the report could use any one or a combination of the below-mentioned four strategies (market development, product development/innovation, market diversification, and competitive assessment) to strengthen their position in the market.
On a related note, another research on Rolling Stock Market and Infrastructure Analysis Trends & Forecast to 2020 says, the rolling stock market is estimated to be valued at USD 45.73 billion in2015 and is projected to reach 54.55 billion by 2020, growing at a CAGR of 3.59%. Increasing urbanization and electrification of rail networks are driving the rolling stock market. Increasing production of automobiles has resulted in traffic congestion which is expected to drive the rolling stock market. Companies like CSR Corporation (China), Bombardier Corporation (Canada), Alstom (France), Siemens AG (Germany) and GE (U.S.) have been profiled in this 115 pages research report available at http://www.rnrmarketresearch.com/rolling-stock-market-and-infrastructure-analysis-by-type-locomotive-rapid-transit-vehicle-and-wagon-and-by-region-europe-asia-pacific-north-america-and-row-trends-forecast-to-2020-market-report.html .
Explore more reports on the Automotive & Transportation market at http://www.rnrmarketresearch.com/reports/automotive-transportation .
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