Rolling Stocks Market Forecast

Rolling stocks market witnessed sales of nearly 250 thousand units in 2018 and is expected to grow at a steady CAGR of 2.9% in 2019. Overall growth of the rolling stocks market can be attributed to,

• Industry titans acquiring big-ticket projects of rolling stocks
• Promotion of railway transport as a sustainable transportation mode
• Growing focus on increasing the average life of rolling stocks by predictive maintenance and remote monitoring in the services landscape
• Optimistic outlook of autonomous trains and ongoing development of compatible rolling stocks

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The ongoing focus of governments to promote the railway as a sustainable mode of transportation has resulted in a growing number of tenders of new rolling stocks being procured by manufacturers. Further, with the construction of new railway roads to increase connectivity and promotion of autonomous railway, new trains are being introduced across the world’s developing economies. Developments in designs of rolling stocks compatible to autonomous train are also underway.

Rolling stocks is generally referred as any wheeled vehicles running on a railway tracks, which includes locomotives, passenger coaches and fright wagons among others. Railway transport is an indispensable part of transport system and plays crucial role in the development of a nation, because the development of trade, commerce and industries is highly dependable on the transport system.  It drives the growth of industrialization of a nation through transporting variety of goods such as raw materials, basic commodities, vegetables, and utilities goods among others, with speed and certainty.

Rolling stocks are highly customized and can be easily tailored as per customer’s requirement. It is available in variety of types such as diesel locomotives, electric locomotives, freight carriers and rapid transit vehicles among others. Diesel locomotives are featured with low axel load and used for passenger and freight traffic. It especially designed for narrow gauged or broad gauged railway. It has high demand from developing countries such as Argentina, India, China, Iraq, Malaysia, Pakistan, and Brazil among others.

Rolling Stocks Market: Market Dynamics