Los Angeles, CA -- (SBWIRE) -- 04/30/2019 -- The demand for freight rolling stock is significantly high in the global railroad equipment manufacturing market. This demand is basically due to the hike in the prices of fuel across the globe at it acts as the key source behind the working of the transportation industry. This has shifted the trend of freight transport to rails from trucks.

Companies operating in the railroad equipment manufacturing industry are involved in the manufacturing of brakes, locomotives, passenger rail cars and freight, and other parts used in operating railroads. The transport equipment manufacturing industry has become the pivot for economic developments across several countries worldwide. The demand for these Equipment has intensified owing to the rising volume of transported products and the expansion of the distance covered by logistics vehicles. This particular trend is expected to gain traction over the coming years.

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Region-wise, Europe and Asia Pacific are the leading regions in terms of manufacturing of railroad equipment. This growth is mainly due to effective policies and large scale investment by leading companies and governments. Brazil, China, and India have been identified as emerging markets in the Asia Pacific region. China's Ministry of Railways is the main purchaser of industry products, which are largely supplied by state-owned operator, CRRC Corporation Limited. The dominance of the company makes this industry a virtual duopoly.

The key companies are CRRC, Siemens, Alstom, Bombardier, CRECG, CRCC, General Electric, Hitachi, Transmashholding, Voestalpine, Toshiba, Kawasaki, Hyundai Rotem, CRSC, Wabtec and etc.

The global Railway Equipment market was 128400 million US$ in 2018 and is expected to 189600 million US$ by the end of 2025, growing at a CAGR of 5.0% between 2019 and 2025.

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This report studies the Railway Equipment market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Railway Equipment in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

CRRC

Alstom

Siemens

Bombardier

CRCC

CRECG

General Electric

Hitachi

Hyundai Rotem

Transmashholding

Voestalpine

Toshiba

Kawasaki

CRSC

Wabtec

By the product type, the market is primarily split into

Rolling Stock

Railway Infrastructure

Others

By the end users/application, this report covers the following segments

Locomotives

DMUs

EMUs

Freight Vehicles

Others

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