Rolling Stock Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, Canada, Mexico, China, Germany - Size and Forecast 2024-2028

Published: Mar 2024 Pages: 163 SKU: IRTNTR76541

Rolling Stock Market Forecast 2024-2028 

The Rolling Stock Market size is forecast to increase by USD 11.82 billion at a CAGR of 3.98% between 2023 and 2028. The market's growth is propelled by various key factors, including the increasing boost of e-commerce in the rolling stock market, the initiation of new railway projects, and the heightened investment in urban rail transit. These elements underscore the evolving landscape of transportation infrastructure, with a particular focus on enhancing efficiency, capacity, and sustainability. As urbanization continues and transportation demands rise, investments in railway projects and urban transit systems are expected to drive further market expansion.

What will be the Size of the Market During the Forecast Period?

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Market Dynamic and Customer Landscape

The rolling stock market is driven by fluctuating oil prices and a growing demand for environmentally friendly railroads. Manufacturers are focusing on electricity-based propulsion systems, including hydrogen fuel and battery-operated rolling stock, to promote greener transportation. Challenges include integrating alternative propulsion systems, such as electrification, while addressing carbon emissions and ensuring energy efficiency. Railway telematics and advancements in energy-efficient rolling stock are key trends shaping the market, with global railway networks and EV policy driving innovation. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Growing e-commerce booting is the key factor notably driving market growth. E-commerce has led to a surge in the movement of goods as more consumers shop online. This has resulted in higher demand for transportation services, including rail freight, to move products from distribution centers to consumers. Rail transportation can play a crucial role in efficiently moving goods between these distribution hubs. E-commerce logistics often involve multiple modes of transportation, including rail, trucking, and air freight. With innovations like environmentally friendly rolling stock powered by electricity, hydrogen fuel, or batteries, the industry aims to reduce carbon emissions. Mechanical brakes and energy-efficient systems from OEMs contribute to energy conservation. Railway telematics optimize operations, enhancing efficiency. Globally, initiatives such as India's electrification drive and Amtrak's sustainable services exemplify the shift towards eco-friendly rail travel, aligning with evolving EV policies.

Additionally, railroads are an integral part of intermodal transportation networks, facilitating the movement of goods over long distances. The rise of e-commerce has spurred innovation and competition in the transportation and logistics sectors. This can lead to the development of new rolling stock technologies and services to meet the evolving needs of e-commerce, which will have a positive impact on the growth of the market during the forecast period.

Key Market Trends

Electrification and hybrid solutions are one of the primary trends shaping market growth. Electrified railways, including high-speed and urban transit systems, are becoming more common. Hybrid locomotives that combine diesel and electric power are also gaining popularity. Electrified rail systems produce fewer greenhouse gas emissions compared with diesel-powered counterparts. This aligns with global efforts to reduce carbon footprints and combat climate change. As environmental concerns intensify, the demand for electric rolling stock increases. High-speed rail networks are typically electrified for efficiency and speed.

Moreover, the growth of high-speed rail in various regions, including Europe and Asia, is driving the demand for advanced electric rolling stock. As electrification continues to be a key focus in the rail industry, the demand for electric rolling stock is likely to remain strong. Manufacturers and rail operators are investing in research and development to create more efficient and environmentally friendly electric trains to meet this growing demand, which is expected to propel the growth of the market during the forecast period.

Major Market Challenge

High capital costs in rolling stock manufacturing are a significant challenge hindering market growth. Manufacturing and procuring rolling stock, whether for passenger or freight services, involves substantial capital costs. This can be a barrier to entry for new players and a financial challenge. Rolling stock is highly specialized, with complex engineering and design requirements to meet safety, performance, and regulatory standards. Manufacturing and assembling these vehicles require advanced technology, precision engineering, and skilled labor, all of which contribute to high costs. Railway vehicles must meet stringent safety standards and regulations to ensure the well-being of passengers, crew, and the public.

Additionally, compliance with these standards often requires specialized materials and components that can be costly. High-quality materials and components, such as specialized metals, electronics, braking systems, and safety features (e.g., crashworthiness), contribute to the overall cost of rolling stock. High capital costs limit the expansion of passenger services, especially in regions with growing urbanization and traffic congestion. This will hinder the market growth during the forecast period.

 Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ALSTOM SA - The company offers rolling stock products for the rail industry.

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Caterpillar Inc.
  • Central Japan Railway Co.
  • CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A.
  • CRRC Corp. Ltd.
  • Grupa Pesa
  • Hitachi Ltd.
  • Hyundai Motor Co.
  • IHI Aerospace Co. Ltd.
  • Kawasaki Heavy Industries Ltd.
  • MAPNA Group Co.
  • PATENTES TALGO S.L.U.
  • PPF Group
  • Siemens AG
  • Stadler Rail Ag
  • Tatravagonka a.s. Poprad
  • The Greenbrier Companies Inc.
  • The Kinki Sharyo Co. Ltd.
  • Trinity Industries Inc.
  • WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the growing segment in the Market?

The rail freight segment is estimated to witness significant growth during the forecast period. The demand for rail freight rolling stock is closely tied to the overall economic activity. When the economy is growing, there tends to be more demand for transporting goods, leading to an increased demand for freight cars and locomotives. The types and quantities of commodities being transported have a significant impact on rolling stock demand.

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The rail freight segment was the largest and was valued at USD 30.26 billion in 2018. Also, advancements in rail freight technology, such as more efficient locomotives and specialized freight cars, can influence the demand as operators seek to improve their fleets and reduce operating costs. The rapid growth of e-commerce has boosted the need for efficient transportation and distribution networks. Rail freight can play a vital role in the logistics chain for moving goods between distribution centers and consumers. Thus, the robust growth of e-commerce will have a positive impact on the segment as well as the market during the forecast period.

Which are the Key Regions for the Market?

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APAC is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is a dynamic region with diverse economies, transportation needs, and urbanization patterns, which contribute to the expansion of the market. Many countries in APAC are experiencing significant urbanization, resulting in increased demand for urban transit systems, including subways, light rail, and commuter trains. These systems often require the procurement of new rolling stock to accommodate growing populations. 

In addition, the construction and operation of high-speed rail lines necessitate the production of specialized rolling stock. APAC's robust trade and logistics networks require efficient intermodal transportation solutions. Rail plays a crucial role in connecting ports, manufacturing hubs, and distribution centers. Advances in rolling stock technology, including digitalization, automation, and high-speed rail innovations, contribute to the demand for modernized and efficient rolling stock, which will boost the growth of the market during the forecast period.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Application Outlook
    • Rail freight
    • Rail passenger
  • Type Outlook 
    • Diesel
    • Electric
    • Electro-diesel
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina 
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

The market is witnessing significant growth driven by a rising demand for sustainable and energy-efficient railway transportation systems. Original Equipment Manufacturers (OEMs) are focusing on innovative solutions like electric-based rolling stock and mechanical brakes to enhance energy conservation and decarbonization efforts. As urban planners prioritize rapid transit systems and tramways for daily commuting, there's a surge in demand for affordable and eco-friendly rail vehicles. Investments in railway infrastructure, coupled with advanced digital solutions like Computer vision and Positive Train Control (PTC) technology, are reshaping the industry landscape. With the resumption of railway projects and refurbishment of aging fleets, the market is poised for robust growth.

Furthermore, key players like Amtrak and Indian Railways are driving innovation, while metro systems like Delhi Metro and Shanghai Metro continue to lead the way in eco-friendly transport.  Additionally, the market is witnessing significant growth, driven by factors such as the rising demand for affordable transportation and the refurbishing of rolling stock to accommodate commuters. With concerns about global warming increasing, there's a shift towards diesel-based rolling stock and electric-based segments for eco-friendly rail travel. Investments in high-speed trains, metros, and trams, along with advancements in predictive maintenance and real-time passenger information systems, are reshaping the industry.

Additionally, rolling stock vehicles such as freights and wagons play a critical role in railway freight transport, supported by rapid transit vehicles, with initiatives like the Auto Train and Coast Starlight enhancing rail services facilities as highlighted in publications like Global Railway Review. Key players like Rolling stock OEMs and railroad companies are focusing on innovative solutions to meet the evolving needs of passenger rail operators and freight trains, ensuring efficient operations and comfortable accommodations for travelers.

Market Scope

Report Coverage

Details

Page number

163

Base year

2023

Historic period

 2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.98%

Market Growth 2024-2028

USD 11.82 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

3.12

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 50%

Key countries

US, Canada, Mexico, China, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ALSTOM SA, Caterpillar Inc., Central Japan Railway Co., CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A., CRRC Corp. Ltd., Grupa Pesa, Hitachi Ltd., Hyundai Motor Co., IHI Aerospace Co. Ltd., Kawasaki Heavy Industries Ltd., MAPNA Group Co., PATENTES TALGO S.L.U., PPF Group, Siemens AG, Stadler Rail Ag, Tatravagonka a.s. Poprad, The Greenbrier Companies Inc., The Kinki Sharyo Co. Ltd., Trinity Industries Inc., and WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behavior
  • Growth of the market industry across APAC, Europe, North America, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global rolling stock market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global rolling stock market 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Rail freight - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Rail freight - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Rail freight - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Rail freight - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Rail freight - Year-over-year growth 2023-2028 (%)
    • 6.4 Rail passenger - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Rail passenger - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Rail passenger - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Rail passenger - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Rail passenger - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 46: Chart on Comparison by Type
      • Exhibit 47: Data Table on Comparison by Type
    • 7.3 Diesel - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Diesel - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Data Table on Diesel - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 50: Chart on Diesel - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Diesel - Year-over-year growth 2023-2028 (%)
    • 7.4 Electric - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Electric - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Electric - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Electric - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Electric - Year-over-year growth 2023-2028 (%)
    • 7.5 Electro-diesel - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Electro-diesel - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Electro-diesel - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Electro-diesel - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Electro-diesel - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 60: Market opportunity by Type ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 Canada - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 Mexico - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Mexico - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Mexico - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Mexico - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Mexico - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 ALSTOM SA
              • Exhibit 115: ALSTOM SA - Overview
              • Exhibit 116: ALSTOM SA - Business segments
              • Exhibit 117: ALSTOM SA - Key offerings
              • Exhibit 118: ALSTOM SA - Segment focus
            • 12.4 Caterpillar Inc.
              • Exhibit 119: Caterpillar Inc. - Overview
              • Exhibit 120: Caterpillar Inc. - Business segments
              • Exhibit 121: Caterpillar Inc. - Key offerings
              • Exhibit 122: Caterpillar Inc. - Segment focus
            • 12.5 Central Japan Railway Co.
              • Exhibit 123: Central Japan Railway Co. - Overview
              • Exhibit 124: Central Japan Railway Co. - Product / Service
              • Exhibit 125: Central Japan Railway Co. - Key offerings
            • 12.6 CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A.
              • Exhibit 126: CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A. - Overview
              • Exhibit 127: CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A. - Business segments
              • Exhibit 128: CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A. - Key offerings
              • Exhibit 129: CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A. - Segment focus
            • 12.7 CRRC Corp. Ltd.
              • Exhibit 130: CRRC Corp. Ltd. - Overview
              • Exhibit 131: CRRC Corp. Ltd. - Product / Service
              • Exhibit 132: CRRC Corp. Ltd. - Key offerings
            • 12.8 Grupa Pesa
              • Exhibit 133: Grupa Pesa - Overview
              • Exhibit 134: Grupa Pesa - Product / Service
              • Exhibit 135: Grupa Pesa - Key offerings
            • 12.9 Hitachi Ltd.
              • Exhibit 136: Hitachi Ltd. - Overview
              • Exhibit 137: Hitachi Ltd. - Business segments
              • Exhibit 138: Hitachi Ltd. - Key news
              • Exhibit 139: Hitachi Ltd. - Key offerings
              • Exhibit 140: Hitachi Ltd. - Segment focus
            • 12.10 Hyundai Motor Co.
              • Exhibit 141: Hyundai Motor Co. - Overview
              • Exhibit 142: Hyundai Motor Co. - Business segments
              • Exhibit 143: Hyundai Motor Co. - Key news
              • Exhibit 144: Hyundai Motor Co. - Key offerings
              • Exhibit 145: Hyundai Motor Co. - Segment focus
            • 12.11 IHI Aerospace Co. Ltd.
              • Exhibit 146: IHI Aerospace Co. Ltd. - Overview
              • Exhibit 147: IHI Aerospace Co. Ltd. - Business segments
              • Exhibit 148: IHI Aerospace Co. Ltd. - Key news
              • Exhibit 149: IHI Aerospace Co. Ltd. - Key offerings
              • Exhibit 150: IHI Aerospace Co. Ltd. - Segment focus
            • 12.12 Kawasaki Heavy Industries Ltd.
              • Exhibit 151: Kawasaki Heavy Industries Ltd. - Overview
              • Exhibit 152: Kawasaki Heavy Industries Ltd. - Business segments
              • Exhibit 153: Kawasaki Heavy Industries Ltd. - Key news
              • Exhibit 154: Kawasaki Heavy Industries Ltd. - Key offerings
              • Exhibit 155: Kawasaki Heavy Industries Ltd. - Segment focus
            • 12.13 MAPNA Group Co.
              • Exhibit 156: MAPNA Group Co. - Overview
              • Exhibit 157: MAPNA Group Co. - Product / Service
              • Exhibit 158: MAPNA Group Co. - Key offerings
            • 12.14 PATENTES TALGO S.L.U.
              • Exhibit 159: PATENTES TALGO S.L.U. - Overview
              • Exhibit 160: PATENTES TALGO S.L.U. - Product / Service
              • Exhibit 161: PATENTES TALGO S.L.U. - Key offerings
            • 12.15 Siemens AG
              • Exhibit 162: Siemens AG - Overview
              • Exhibit 163: Siemens AG - Business segments
              • Exhibit 164: Siemens AG - Key news
              • Exhibit 165: Siemens AG - Key offerings
              • Exhibit 166: Siemens AG - Segment focus
            • 12.16 Stadler Rail Ag
              • Exhibit 167: Stadler Rail Ag - Overview
              • Exhibit 168: Stadler Rail Ag - Business segments
              • Exhibit 169: Stadler Rail Ag - Key offerings
              • Exhibit 170: Stadler Rail Ag - Segment focus
            • 12.17 WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.
              • Exhibit 171: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP. - Overview
              • Exhibit 172: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP. - Business segments
              • Exhibit 173: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP. - Key news
              • Exhibit 174: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP. - Key offerings
              • Exhibit 175: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 176: Inclusions checklist
                • Exhibit 177: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 178: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 179: Research methodology
                • Exhibit 180: Validation techniques employed for market sizing
                • Exhibit 181: Information sources
              • 13.5 List of abbreviations
                • Exhibit 182: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
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              • What are the factors influencing the growth of the parent market?

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