Northbrook, IL -- (SBWIRE) -- 09/21/2018 -- "Rolling Stock Market by Type (Locomotives, Rapid Transit Vehicles, Wagons), Locomotive Technology (Conventional Locomotive, Turbocharged, and MAGLEVs), Application (Passenger Coach and Freight wagons), & by Region - Trend and Forecast to 2021"

The rolling stock market, in terms of value, is projected to grow at a CAGR of 3.68% from 2016 to 2021. The market is estimated to be USD 48.95 billion in 2016 and is projected to reach 58.66 billion by 2021. The growth of this market is fueled by infrastructural developments in the Asia-Oceania region and the approval of new rail lines.

Browse 75 market data Tables and 51 Figures spread through 142 Pages and in-depth TOC on "Rolling Stock Market by Type (Locomotives, Rapid Transit Vehicles, Wagons), Locomotive Technology (Conventional Locomotive, Turbocharged and MAGLEVs), Application (Passenger Coach and Freight wagons) & by Region - Trend and Forecast to 2021"

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"High-speed rail projects to drive the rolling stock market in Asia-Oceania"

Asia-Oceania is expected to be the largest market for rolling stock. It is estimated to hold the largest market share, by value, in 2016. This can be primarily attributed to the demand for high-speed rail projects and dedicated freight corridors in the region. The electric multiple unit (EMU) segments is estimated to account for the largest market share in 2016. The market for passenger wagons is expected to occupy the second-largest share of the Asia-Oceania market.

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"Technological advancements are a key driver of the EMU market"

There has been a rapid increase in the number of technological advancements in the rolling stock market. The EMU segment is estimated to hold the largest market share, in terms of value, in 2016. This can be credited to the latest generation of EMUs, which are characterized by modular designs. Advanced EMUs are highly efficient and generally favored over diesel multiple units. They provide an intelligent travel experience, which includes onboard internet and entertainment, smart ticketing, automated fare collection, and door-to-door services. Such innovations would spur the growth of the rolling stock market.

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The report analyzes all major players in the rolling stock market, including CSR Corporation Ltd. (China), Siemens AG (Germany), Bombardier Inc. (Canada), Alstom SA (France), and General Electric Company (U.S.).

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