- The key vendors in the rolling stock market in Europe 2015-2019 are Alstom, Bombardier, CAF, Siemens, Stadler Rail and Talgo.
London, 11 September 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the rolling stock market in Europe 2015-2019. Increase in the number of rail passenger carriers such as trams, light rail, monorail, and commuter rail services has led to increased demand for rolling stock components. The rolling stock market in Europe is expected to grow at a CAGR of 8.16% during the forecast period of 2014-2019.
The growth in the overall rail supply market exerts a positive impact on the rolling stock segment as they are correlated. Europe dominates the global rail supply market, as the majority of the leading vendors operate and have manufacturing sites in countries like France, Germany, and the UK.
Rail infrastructure projects involve enhancement of the existing rail management system, improvement of rail tracks and building of new lanes, technological development of rail control and signaling services, and the manufacture of high-speed trains and wagons.
“Vendors in the market are manufacturing locomotives and rolling stock that emit less carbon and comply with various environmental standards,” says Faisal Ghaus, Vice President of Technavio Research.
“Newly developed efficient high-speed trains and locomotives help reduce carbon footprint. In addition, eco-friendly methods are used in the manufacture of rolling stock.”
To define the market conditions 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.
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