North America Rolling Stock Market, By Product Type (Wagons, Coaches, Locomotives and Rapid Transit), Locomotive Technology (Turbocharged Locomotives, Conventional Locomotives and Maglev), Components (Traction Motor, Auxiliary Power System, Wheelset, Axle, Pantograph, Air Conditioning System, Passenger Information System and Others), Application (Passenger Transportation and Freight Transportation), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2027
Market Analysis and Insights: North America Rolling Stock Market
Rolling stock market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 3.7% in the forecast period of 2020 to 2027 and expected to reach USD 22,321.44 million by 2027.
The increasing trend of smart technologies in rolling stock operations and design to enhance the communication is major factor for the market growth. Technological advancement in Rolling Stock to improve safety and comfort is major factor driving the market growth. Acceptance of electric locomotives in service and continuous development by market providers is augmenting the market growth.
This rolling stock market report provides details of market share, new developments, and 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, geographical 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.
North America Rolling Stock Market Scope and Market Size
Rolling stock market is segmented on the basis application, product type, locomotive technology and components. 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 application, the North America rolling stock market is segmented into passenger transportation and freight transportation. In 2020, passenger transportation segment is dominating the rolling stock market owing to high number of the train’s services in global network.
- On the basis of product type, the North America rolling stock market has been segmented into locomotives, wagons, coaches and rapid transit. In 2020, coaches segment is dominating the rolling stock market as it defines the transportation capacity in passenger transportations application.
- On the basis of locomotive technology, the North America rolling stock market is segmented into turbocharged locomotives, conventional locomotives and maglev. In 2020, turbocharged locomotives segment is dominating the rolling stock market owing to enhanced performance offered by them in global network.
- On the basis of components, the North America rolling stock market has been segmented into traction motor, auxiliary power system, wheelset, axle, pantograph, air conditioning system, passenger information system and others. In 2020, the traction motor segment is dominating the rolling stock market as it enhances the transportation capacity of both passenger and freight transportations with increased speed.
Rolling Stock Market Country Level Analysis
Rolling stock market is analysed and market size information is provided by country, application, product type, locomotive technology and components.
The countries covered in the North America rolling stock market report are U.S., Canada and Mexico.
The U.S. is dominating the rolling stock market due to strong financial capability to adopt new technologies and demand for enhanced connectivity in rolling stock market. North America rolling stock market is growing with strong rate owing to strong product offering by the market players.
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, regulatory acts and import-export analysis 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 providing forecast analysis of the country data.
Rising Demand of Connectivity in Rail Transportation
Rolling stock market also provides you with detailed market analysis for every country growth in installed base of different kind of products for rolling stock, impact of technology using life line curves and changes regulatory scenarios and their impact on the Rolling stock market. The data is available for historic period 2010 to 2018
Competitive Landscape and Rolling Stock Market Share Analysis
Rolling stock 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, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to rolling stock market.
The major players covered in the report are CRRC Corporation Limited, Wabtec Corporation, Bombardier, Alstom, Stadler Rail AG, CAF, Construcciones y Auxiliar de Ferrocarriles, S.A, ABB, American Industrial Transport, Inc., Caterpillar, Hitachi, Ltd., HYUNDAI ROTEM COMPANY, Kawasaki Heavy Industries, Ltd, Mitsubishi Electric Corporation, National Steel Car Limited., PATENTES TALGO S.L.U., Siemens, Toshiba Infrastructure Systems & Solutions Corporation and Woojin Industrial Systems, Co., Ltd.. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In July 2019, ABB received the contract from a Stadler, manufacturer of the trains’ worth of USD 140 million. Under which company is providing the traction equipment for locomotives and trains operating in the U.S. and European countries. 19 double-deck trains have been introduced having traction converters to improve the performance and service. Company increased their presence and brand value for the U.S. and Europe market.
- In June 2019, Bombardier company expanded their business in the U.S. rolling stock market. A new rail car assembly site at the California location is introduced which is working on the BART “Fleet of the Future” cars. Through this a new facility company increased their production capabilities and sale in the American countries.
Partnership, acquisition and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for rolling stock.
Customization Available: North America Rolling Stock Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
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