MarkNtel Advisors recently published a report, titled, ” Global Rolling Stock Market By Product Type (Locomotive, Rapid Transit Vehicles, Wagon, Metros, Trams, Monorails, Passenger Coaches, Others), By Propulsion (Diesel, Electric), By End User (Passenger Transit, Cargo Train),Other. As per as the report The Global Rolling Stock Market is projected to grow at a CAGR of around 4.13% during the forecast period, i.e., 2023-28.
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Global Rolling Stock Market Growth Restraint:
Increasing Practices of Refurbishment & Restoration of Existing Rolling Stock – Worldwide, the rising need for reduced travel costs for passengers as well as enhanced vehicle capacity, coupled with the growing demand for lessening the cost burden on industries willing to utilize rail transport for goods transportation, are leading to increasing restoration & refurbishment practices of rolling stock. Mounting population levels, particularly in developing nations, is instigating rail operators to expand the available fleet in order to accommodate the growing number of passengers.
Since many rail companies are unable to suffice this demand with the existing capacity, refurbishment practices of rolling stock are increasing to improve energy efficiency & reliability concerns of the existing fleet. Consequently, rail operators being less inclined toward purchasing new vehicles would restrain the growth of the global market through 2028.
Leading Companies in Global Rolling Stock Market:
CAF {Construcciones Y Auxiliar De Ferrocarriles, S.A.], Hitachi, Ltd., Alstom, CRRC Corporation Limited, IHI Corporation, Hyundai Corporation, Kawasaki Heavy Industries, Ltd., Nippon Sharyo, Ltd., Mapna Group, ŠKODA TRANSPORTATION a.s., Trinity Rail, Siemens Mobility, The Greenbrier Co., GE Transportation, Wabtec Corporation.
Global Rolling Stock Market Segmentation:
By Product Type
-Locomotive
-Rapid Transit Vehicles
-Wagon
-Metros
-Trams
-Monorails
-Passenger Coaches
-Others (Hyperloop, Bullet Trains, etc.)
By Propulsion
-Diesel
-Electric
By End User
-Passenger Transit
-Cargo Train
Get Full Access Of Global Rolling Stock Market Report : https://www.marknteladvisors.com/research-library/rolling-stock-market.html
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
Key questions answered in the Global Rolling Stock Market are:
•What is Global Rolling Stock Market?
•What was the market size in 2022?
•What is the growth rate of the Global Rolling Stock Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Global Rolling Stock Market?
•What segments are covered in the Market?
•Who are the key players in the Global Rolling Stock Market?
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