Global Rolling Stock Market Report 2018-2025: Opportunities in Big Data Applications in the Rail Industry & Increase in Industrial and Mining Activity

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Nov 01, 2018, 10:15 ET

DUBLIN, Nov 1, 2018 /PRNewswire/ --

The "Rolling Stock Market by Product Type, Components, Technology & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The rolling stock market, in terms of value, is projected to grow at a CAGR of 4.44% from 2018 to 2025. The market is estimated to be USD 54.43 billion in 2018 and is projected to reach 73.80 billion by 2025.

Asia Oceania is estimated to be the largest market for rolling stock, followed by Europe and North America. The growth of this market is fueled by the infrastructural development of urban sub-urban rail network, approval of new rail lines, and high-speed rail projects.

The rolling stock market has been segmented on the basis of product, application, and locomotive technology type (conventional locomotive and turbocharge locomotive). In terms of product type, the wagon segment is projected to be the largest market in 2025 because of government approvals for dedicated freight corridors in the region, followed by the electric multiple unit segment.

The rolling stock market has been segmented, on the basis of product type, into diesel locomotive, electric locomotive, electro-diesel locomotive, DMU, EMU, light rail/tram, subway/metro, coach, and wagons. The wagon segment is estimated be the largest market, in terms of value, in 2018. This can primarily be attributed to the increased demand for dedicated freight corridor in a country.

The rolling stock market has been segmented, by application, into passenger transportation and freight transportation. The freight transportation segment is expected to be the largest market, by value, in 2018. The main factors driving the market include globalization and a rapid change in the rolling stock manufacturing industry. South Korea, India, and China are setting up agreements with Japan for high-speed rail projects, which will drive the rolling stock market.

The Asia Oceania region is estimated to dominate this market, in terms of value, in 2018, with China being a key contributor to the growth of the market in the region. Increasing demand for passenger coaches and freight wagons for new and existing rail lines are the key factors driving the growth of the rolling stock market across all regions.

Restraints of the Rolling Stock Market:

Refurbishments also provide an opportunity to address known reliability issues, to improve train energy efficiency and to bring the vehicles up-to-date with current requirements. The financial constraints in acquiring new trains also contribute to the rising refurbishment programmes of rolling stock. The rolling stock market and its supporting infrastructure are highly capital-intensive. They require huge financial support from the local and country level governments. However, the high cost of new rail vehicles could discourage investments and act as a restraint for this market.

CRRC, one of the major players of the rolling stock market, has a strong presence and manufacturing capabilities in the Chinese market. The Chinese government is increasing investments for the development of rolling stock infrastructure. This will help the company to enhance its product offering and revenue generation in the Chinese market. The company is looking for expansion in the overseas markets, which are witnessing an increase in investments for infrastructural development. This would diversify its geographic revenue mix and offer sustainable growth opportunities. The major share of the company's revenues is derived from the domestic Chinese market. However, the company has recently started expanding in the global market to diversify its revenue mix.

The key players in the market include CRRC (China), Alstom (France), Siemens (Germany), Bombardier (Canada), Stadler (Switzerland), Hyundai Rotem (South Korea), Kawasaki Heavy Industries (Japan), ABB (Switzerland), Strukton (The Netherlands), Wabtec (US), and General Electric (US).

These players are increasingly undertaking mergers and acquisitions, and product launches to develop and introduce new technologies and products in the market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Rolling Stock Market
4.2 Rolling Stock Market Share, By Region
4.3 Rolling Stock Market, By Product Type
4.4 Rolling Stock Market, By Application
4.5 Rolling Stock Market, By Locomotive Technology

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Public Transport as A Means of Reducing Traffic Congestion
5.2.1.2 Growing Demand for Energy-Efficient Transport
5.2.1.3 Increasing Demand for Comfort and Safety
5.2.2 Restraints
5.2.2.1 Refurbishment of Existing Rolling Stock
5.2.2.2 Capital-Intensive Nature of Rolling Stock
5.2.3 Opportunities
5.2.3.1 Big Data Applications in the Rail Industry
5.2.3.2 Increase in Industrial and Mining Activity
5.2.4 Challenges
5.2.4.1 High Overhaul and Maintenance Costs
5.2.4.2 High R&D Expenditure

6 Pestle Analysis
6.1 Political Factors
6.2 Economic Factors
6.3 Social Factors
6.4 Technological Factors
6.5 Legal Factors
6.6 Environmental Factors

7 Industry Trends
7.1 Introduction
7.2 Magnetic Levitation Trains (Maglev)
7.2.1 Advantages of Maglev System Trains
7.2.2 High-Speed Railway vs Maglev Systems
7.2.3 Ecological Impact of Maglev
7.3 Rolling Stock Refurbishment
7.3.1 Major Case Studies/Programs
7.3.1.1 Strukton Rail Program
7.3.1.2 Queensland Rail Stabling Program
7.3.1.3 Eversholt Renatus Program
7.3.1.4 Enterprise Refurbishment Program
7.3.1.5 Belgian National Railways
7.3.1.6 Scotrail Alliance
7.3.1.7 Other Programs

8 Rolling Stock Market, By Product Type
8.1 Introduction
8.2 Locomotives
8.2.1 Diesel Locomotives
8.2.1.1 Asia Oceania is Projected to Be Largest Market for Diesel Locomotives
8.2.2 Electric Locomotives
8.2.2.1 Asia Oceania is Estimated to Be Largest Market for Electric Locomotives
8.2.3 Electro-Diesel Locomotives
8.2.3.1 Europe is Projected to Be Largest Market for Electro-Diesel Locomotives
8.3 Rapid Transit
8.3.1 Diesel Multiple Unit (DMU)
8.3.1.1 North America is the Fastest Growing Market for DMU
8.3.2 Electric Multiple Unit (EMU)
8.3.2.1 Europe is Estimated to Be Largest Market for EMU
8.3.3 Light Rail/Tram
8.3.3.1 MEA is Projected to Be Fastest Growing Market for Light Rail
8.3.4 Subway/Metro
8.3.4.1 Asia Oceania is Projected to Be Fastest and Largest Market for Metro
8.3.5 Monorail
8.4 Coaches
8.4.1 Drivers Such as Increasing Urbanization and Efforts to Control Traffic Congestion are Increasing the Demand for Coaches
8.5 Wagons
8.5.1 High Efficiency and Low Emission By Rolling Stock for Bulk Goods Transportation is Increasing the Demand for Wagons Globally

9 Rolling Stock Market, By Application
9.1 Introduction
9.2 Passenger Transportation
9.2.1 Locomotives
9.2.1.1 Asia Oceania is Projected to Dominate Locomotive Passenger Transportation Market
9.2.2 Coaches
9.2.2.1 MEA Market is Projected to Be Fastest Coaches Market for Passenger Transportation
9.3 Freight
9.3.1 Locomotives
9.3.1.1 Asia Oceania is Estimated to Largest Locomotives Market for Freight Transportation
9.3.2 Wagons
9.3.2.1 High Demand for Rail Freight Transportation in North America Will Boost Wagons Market in the Region

10 Rolling Stock Market, By Locomotive Technology
10.1 Introduction
10.2 Conventional Locomotives
10.2.1 MEA is Estimated to Grow at the Highest Rate During the Forecast Period in Conventional Locomotives Market
10.3 Turbocharged Locomotives
10.3.1 Asia Oceania is Estimated to Have the Largest Market Share in Turbocharged Locomotives Market From 2018 to 2025
10.4 Maglev
10.4.1 Types of Maglev
10.4.1.1 Electromagnetic Suspension
10.4.1.2 Electrodynamic Suspension
10.4.1.3 Inductrack

11 Rolling Stock Market, By Component
11.1 Introduction
11.2 Pantograph
11.3 Axle
11.4 Wheel Set
11.5 Traction Motor
11.6 Passenger Information System
11.7 Air Conditioning System
11.8 Auxiliary Power System

12 Rolling Stock Market, By Region
12.1 Introduction
12.2 Asia Oceania
12.2.1 China
12.2.1.1 Increasing Investment for Development of High-Speed Rail Will Propel Chinese Rolling Stock Market
12.2.2 India
12.2.2.1 Increasing Government Investments for Electrification of Railway Tracks Will Boost the Demand for Electric Locomotives in India
12.2.3 Japan
12.2.3.1 Japanese Rolling Stock Market is Dominated By EMU Segment
12.2.4 South Korea
12.2.4.1 By Volume Light Rail/Tram Dominates South Korean Rolling Stock Market
12.2.5 Australia
12.3 Europe
12.3.1 Germany
12.3.1.1 EMU Segment is Estimated to Have Largest Market Share in German Rolling Stock Market
12.3.2 France
12.3.2.1 Upcoming Investments for Railway Infrastructure Development Will Boost Rolling Stock Market in France
12.3.3 UK
12.3.3.1 Electric Locomotives Segment is Estimated to Dominate Locomotives Market in Uk
12.3.4 Italy
12.3.4.1 Italian Rolling Stock Market is Dominated By EMU Segment
12.3.5 Spain
12.3.5.1 Electro-Diesel Locomotives Segment is Fastest Growing Segment of Spanish Rolling Stock Market
12.3.6 Switzerland
12.4 North America
12.4.1 US
12.4.1.1 Increasing Adoption of Rolling Stock for Freight Transportation Will Propel Rolling Stock Market in US
12.4.2 Mexico
12.4.2.1 Wagons Market is Estimated to Contribute to the Largest Market Share of Mexican Market in Terms of Volume
12.4.3 Canada
12.4.3.1 Canadian Market is Dominated By Wagons Segment
12.5 Middle East & Africa (MEA)
12.5.1 South Africa
12.5.1.1 Increasing Urbanization Will Fuel South African Rolling Stock Market
12.5.2 United Arab Emirates (UAE)
12.5.2.1 Increasing Investment for the Development of Railway Network in Gulf Countries Will Propel Rolling Stock Market in UAE
12.5.3 Egypt
12.5.3.1 Subway/Metro is Projected to Be Fastest Growing Rapid Transit System in Egypt
12.5.4 Iran
12.6 Rest of the World (RoW)
12.6.1 Brazil
12.6.1.1 Electro-Diesel Locomotives Segment is Projected to Have Fastest Growth Rate
12.6.2 Russia
12.6.2.1 Growing Freight Corridor Will Propel Rolling Stock Market in Russia

13 Competitive Landscape
13.1 Overview
13.2 Market Ranking Analysis
13.3 Competitive Scenario
13.3.1 New Product Developments
13.3.2 Mergers & Acquisitions
13.3.3 Partnerships/Supply Contracts/Collaborations/Joint Ventures/License Agreements
13.3.4 Expansions

14 Company Profiles
14.1 CRRC
14.2 Bombardier
14.3 Alstom
14.4 Siemens
14.5 Kawasaki Heavy Industries
14.6 General Electric
14.7 Transmashholding
14.8 Stadler
14.9 Construcciones Y Auxiliar De Ferrocarriles
14.10 Hyundai Rotem
14.11 Mitsubishi Heavy Industries
14.12 Talgo
14.13 Other Key Players
14.13.1 Asia Oceania
14.13.1.1 Toshiba
14.13.1.2 Hitachi
14.13.1.3 Chittaranjan Locomotive Works (CLW)
14.13.1.4 Tech Mahindra
14.13.1.5 Niigata Transys
14.13.1.6 Scomi Engineering
14.13.1.7 Woojin Industrial Systems
14.13.2 Europe
14.13.2.1 ABB
14.13.2.2 Strukton
14.13.2.3 Legios
14.13.2.4 Deuta Werke
14.13.2.5 Thales Group
14.13.2.6 Deutsche Bahn
14.13.2.7 Lamifil
14.13.2.8 Rhombergrail
14.13.2.9 Balfour Beatty
14.13.2.10 Intamin Bahntechnik
14.13.3 North America
14.13.3.1 American Equipment Company
14.13.3.2 Wabtec
14.13.3.3 Ingeteam
14.13.3.4 Calamp
14.13.3.5 Urbanaut Monorail Technology
14.13.4 Rest of the World
14.13.4.1 UGL
14.13.4.2 Randon
14.13.4.3 Sinara Transport Machines
14.13.4.4 Alucast Iran

For more information about this report visit https://www.researchandmarkets.com/research/89w5jl/global_rolling?w=5

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