The global rail infrastructure market is projected to grow at a CAGR of 3.59% from 2015 to 2020. The rolling stock market is estimated to be USD 45.73 Billion in 2015 and projected to reach USD 54.55 Billion by 2020.
Northbrook, IL -- (SBWIRE) -- 02/15/2018 -- The report "Rail Infrastructure Market by Infrastructure (Rail Network, New Track Investment and Maintenance Investment), by Type (Locomotive, Rapid Transit Vehicle and Railcar) and Region (Europe, Asia-Pacific, North America and RoW) - Global Forecast 2020", reached an estimated market size of USD 45.73 Billion in 2015. It is projected to grow to 54.55 Billion by 2020, at a CAGR of 3.59%.
The increasing urbanization across the globe and railway privatization in growing economies of Asia-Pacific are some of the key drivers fueling the growth of the rolling stock infrastructure market.
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Browse 44 market data Tables and 30 Figures spread through 101 Pages and in-depth TOC on "Rail Infrastructure Market by Infrastructure (Rail Network, New Track Investment and Maintenance Investment), by Type (Locomotive, Rapid Transit Vehicle and Railcar) and Region (Europe, Asia-Pacific, North America and RoW) - Global Forecast 2020"
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Railroad car market: Set to grow at the highest CAGR market, in terms of value, during forecasted period
The report segments the global rail infrastructure market on the basis of type into the railroad, rapid transit, and locomotive. Locomotives are traditionally used to haul freight and passenger wagons for long distance main line transport. However, vehicles such as metros, light rail vehicles, and subways are being used for intra-city as well as intercity transportation. The growth of this market can be attributed to factors such as the growing global population, increasing urbanization, rising need for cleaner and faster modes of transportation, and economic growth.
Asia-Pacific: Fastest-growing' market, in terms of value, for rolling stock and its infrastructure
Asia-Oceania comprises emerging and developing economies such as India, China, Japan, and Korea, and is experiencing a considerable growth in population. The rolling stock industry is witnessing growing demand after a weak performance in 2008, following the global recession. Global OEMs are investing in this region, following new market opportunities. Increasing urbanization, reduction of road congestion, and technological advancements in rolling stocks are driving the growth of the rolling stock infrastructure industry in Asia-Pacific. This has resulted in a surge in demand for locomotives, rapid transit vehicles, and wagons. The region houses major players such as CSR Corporation Ltd. (China) and Kawasaki Heavy Industries Ltd. (Japan).
North America: Promising market for rolling stock
North America is witnessing a growth in the demand for locomotives and rapid transit vehicles, which is positively impacting the rolling stock infrastructure industry. An increasing number of Eastern European and Asian players are forming joint ventures with U.S. manufacturers, as the rolling stock manufactured in the North American region is considered technologically advanced. Furthermore, North America is a major market for rolling stock owing to the increasing urbanization in the region. Major suppliers such as GE Transportation (U.S.) and Bombardier Inc. (Canada) are catering to the rising demand in the region.
Europe: Projected to witness stable growth
Europe is a major established market for global rail infrastructure and is projected to witness a stable growth during the forecast period. The stringent fuel economy norms in the region are expected to be a major market driver, as they will likely promote research to develop renewable energy use through new fuel and propulsion systems. The growing demand for comfort and safety while traveling is also expected to increase the demand for high quality rolling stock. Europe is home to major rolling stock infrastructure suppliers such as Alstom SA (France) and Siemens AG (Germany), which supply rolling stock for various railway applications.
The report covers the global rail infrastructure market, in terms of volume (units) and value (million). The report briefly studies the global rail infrastructure on the basis of railway track network and rolling stocks investments, from 2015 to 2020.
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