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Rolling Stock Market Insights, Forecast to 2025

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. The growth of this market is fueled by the infrastructural development in the region and approval of new rail lines. However, refurbishment of existing rolling stock and capital-intensive nature of rolling stock is inhibiting the growth of the rolling stock market.

Technological advancements are a key driver for the EMU market

There has been a rapid increase in the number of technological advancements in the rolling stock market. The EMU segment is estimated to hold the largest market share, in terms of value, in 2018. This can be credited to the latest generation of EMUs, which are characterized by modular designs. Advanced electric multiple units is more efficient and favorable than a diesel multiple units. Such innovations would spur the growth of the rolling stock market.

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Major Market Developments

  • Governor of Hunan province and Minister of transport of Malaysia signed a contract with CRRC Zhuzhou Locomotive Co, Ltd. (China) to supply 13 hybrid EMUs and 9 meter-gauge EMUs. All EMUs will be delivered by the end of 2018.
  • Bombardier received an order for 36 Francilien train sets (270 cars) from the French National Railway Corporation, Société Nationale des Chemins de Fer Français (SNCF) on behalf of the Greater Paris Public Transport Authority, Île-de-France Mobilités.
  • Alstom received 2 orders for the supply of a total of 25 Coradia Lint regional trains in southern Germany. DB Regio Bayern ordered 20 trains, totaling USD 114 million, while Hohenzollerische Landesbahn AG (HzL) ordered 5 additional trains worth USD 28 million.
  • General Electric signed a Letter of Intent with the Ministry of Transportation (MoT) and Egyptian National Railways (ENR), worth USD 575 million, to supply 100 GE ES30ACi Light Evolution Series Locomotives. The locomotives can be used for both passengers and freight rail. Also, as a part of the contract, the company won a 15-year agreement for parts and technical support for GE locomotives in ENR’s new and current fleet.

High-speed rail project to drive the Asia Oceania rolling stock market

The Asia Oceania rolling stock market is expected to be the largest, by value, in 2018. This can be mainly attributed to the demand for high-speed rail projects and dedicated freight corridors via rail transport system in the region. The coach segment is estimated to be the largest market in 2018. The electric multiple unit markets is expected to be the second largest in the Asia Oceania region.

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The rolling stock market comprises a network of players involved in the research and product development, raw material supply, component manufacturing, distribution and sale, and post-sales services. The key players considered in the analysis of the overhead catenary system market are CRRC (China), Alstom (France), Siemens (Germany), Bombardier (Canada), General Electric (US), Hyundai Rotem (South Korea), Kawasaki Heavy Industries (Japan), and Stadler (Switzerland).

This post first appeared on MarketsandMarkets Blog - Market Research, please read the originial post: here

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Rolling Stock Market Insights, Forecast to 2025


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