London, 29 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global rolling stock market 2015-2019, which is expected to grow moderately during the forecast period of 2014-2019, posting a CAGR of 2.83%.
Vendors in the market are enhancing their procurement model for the manufacturing process by using the asset financing model and increasing visibility in the supply chain process. In addition, the demand for enhanced public transportation services has led to an increase in demand for urban transit rolling stock, thus driving the growth of the market.
“The asset finance model involves rolling stock leasing companies (ROSCOs) for buying trains and renting them to the train’s operators,” says Faisal Ghaus, Vice President of Technavio.
“This helps to finance the asset more easily and allows the operator to keep interest only as long as it needs.”
Key Market Drivers
- Growing Rail Supply Market
- Increasing Investment in Rail Infrastructure Projects
- Emergence of PPP Model in Developing Countries
- Emergence of New Manufacturing Sites
Key Market Trends
- Urbanization and Increased Mobility
- Adoption of Asset Finance as Chief Model for Procurement
- Growing Favor for Public Transportation
- Reduction in Carbon Footprint
Key Market Vendors
- Alstom SA
- Bombardier Transportation AG
- China CNR Corp. Ltd.
- China South Locomotive and Rolling Stock Corp. Ltd.
- CJSC Transmashholding
- Construcciones Y Auxiliar De Ferrocarriles SA (CAF)
- GE Transportation
- Hitachi Ltd.
- Hyundai Rotem Co.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
