Global Rolling Stock Management Market By Product (Locomotive, Rapid Transit Vehicle, Wagon), Train Type (Rail Freight, Passenger Rail), Type (Diesel, Electric), Rail Management (Remote Diagnostic Management, Wayside Management, Train Management, Asset Management, Cab Advisory, Others), Infrastructure Management (Control Room Management, Station Management, Automatic Fare Collection Management, Others), Maintenance Service (Corrective Maintenance, Preventive Maintenance, Predictive Maintenance), Application (Station, Automatic Fare Collection, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Israel, U.A.E, South Africa, Rest of Middle East and Africa), Market Trend and Forecast to 2027
Market Analysis and Insights: Global Rolling Stock Management Market
Rolling stock management market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 65.63 billion by 2027 growing at a CAGR of 5.49% in the above-mentioned forecast period.
Rolling stock management incorporates approaches and related resources to reduce the effects of equipment losses, contributing to the preservation and use of railroad property and facilities. Rolling stock management leverages a combination and integration of technology, planning and intelligence to leverage the power of data to manage asset lifecycle solutions and maintain roll-outs. Rolling stock management leverages a combination and integration of technology, planning and intelligence to leverage the power of data to manage asset lifecycle solutions and maintain roll-outs.
The rail asset management system is a reliable, substantial, safe and efficient approach to managing the whole rail infrastructure. This involves path projects that include tasks, investments and timeframes for network interventions; route asset approaches for handling the asset included in a specific route; and distribution schedules/programs. The rail asset management system assists freight managers, rail operators, passengers, and infrastructure managers to addressing issues such as improving service availability such as performance and utilization of mobile, increased reliability and punctuality and fixed and linear assets along with the reduced service availability.
Remote diagnostic management provides complete information on train components. It controls entire train system from a distance. This management process a wide range of data and provides a comprehensive status analysis. It helps to save time in operation and maintenance. Such approaches provide for the efficient management and preservation of all rail resources. The technical capabilities of this system involve real-time remote diagnostics, element status tracking, and on-board condition monitoring. It also provides essential tracking and reporting capabilities that help to support the entire life-cycle operation of rail resources. It aims to improve the service.
The growth of rolling stock management market is dependent on factors related to delivery of intelligent asset management, IoT in data analytics along with growth in efficient technologies.
The major driver involved in this market is growing concern related to safety, security, inspection, maintenance and business in transport sector which has led towards the growth of this market. Reducing cost fact is included in rolling stock management market which is also vindicating the old traditional method of maintenance. Railway is considered as best suited means of bulk transport for freight and passengers.
This rolling stock management market report provides details of market share, new developments, product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Global Rolling Stock Management Market Scope and Market Size
The rolling stock management market is segmented on the basis of product, train type, type, rail management, infrastructure management, maintenance service and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the rolling stock management market is classified into locomotive, rapid transit vehicle and wagon
- Based on train type segment, the market is divided into rail freight and passenger rail
- On the basis of type, the rolling stock management market is categorised into diesel and electric
- On the basis of rail management, the rolling stock management market is classified into remote diagnostic management, wayside management, train management, asset management, cab advisory and others. The remote diagnostic management in rolling stock management market is further segmented into real-time remote diagnostics, component condition monitoring and on board condition monitoring. The wayside management segment on the basis of rail management is further segmented into wheel tread and surface, brakes and brake components, bogie inspection, coupler securement inspection, undercarriage inspection, pantograph measurement and inspection, full-scale train imaging and inspection, automatic train control, centralized traffic control and interlocking. The train management is further categorised into passenger information system, in-train surveillance system and others under rail management.
- Based on the infrastructure management, the market is segmented into control room management, station management, automatic fare collection management and others. The station management segment is further segmented on the basis of integrated supervisory control system, fire alarm system, building automation system and others. The automatic fare collection management is classified into automatic gate machine system, ticket vending machine along with ticket kiosk and checking machine.
- The rolling stock management market is also segmented based on maintenance service into corrective maintenance, preventive maintenance and predictive maintenance.
- The application segment is further classified into station, automatic fare collection and others
Rolling Stock Management Market Country Level Analysis
Global rolling stock management market analyses and market size information is provided by country, product, train type, type, rail management, infrastructure management, maintenance service and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in the Asia-Pacific, Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa as a part of Middle East and Africa, Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the market due to the large market share of Germany, France and the U.K. in the rolling stock management market due to the advancement in technology and long term demand. Investment projects on infrastructure and transport have fuelled research into services that will extend the life cycle of assets, which, in turn, will affect the flow of working conditions of railroads and rolling stock components in the forecast period 2020 to 2027.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands impact of sales channels are considered while provided forecast analysis of the country data.
Competitive Landscape and Rolling Stock Management Market Share Analysis
The rolling stock management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to rolling stock management market.
The major players covered in the report are Bombardier; Alstom; GENERAL ELECTRIC; Siemens; ABB; Hitachi, Ltd; MITSUBISHI HEAVY INDUSTRIES, LTD; CAF, Construcciones y Auxiliar de Ferrocarriles, S.A.; Thales Group; Trimble Inc; Tech Mahindra Limited and TRANSMASHHOLDING among other domestic and global players. Market share data is available for Global, North America, Europe, Asia- Pacific, Middle East and Africa and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Rolling Stock Management Market
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