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.
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Scope of the Report
The global rolling stock market is analyzed in terms of volume (units) and value ($million) for the mentioned segments.
- North America
- Rapid Transit Vehicle
Locomotive, By Technology
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