Market Dynamics

Rising consumer preference for railway transport, coupled with increasing adoption of rolling stock management for railway management such as traffic management, rail asset, analytics, and rail control & security are major factors expected to drive the growth of target market. In addition, increasing public private partnership in order to facilitate the rail transportation and for development of reliable and efficient management system this is another factor expected to further support the growth of target market.

In 2019, Bharat Electronics state-owned aerospace and defense company launched SWAGAT an automatic fare collecting system for the Delhi Metro Rail Corporation (DMRC).

Major players approach towards business expansion through strategic partnership and agreements in order to enhance the customer base is another factor expected to augment the growth of target market.

• In 2018, Bombardie signed an agreement with Malaysian Industry Government Group for High Technology (MIGHT) with the focus on developing home-grown rail industry. This is expected to help the company to enhance the customer base.
• In 2016, General Electric signed a contract to provide maintenance services and support for Rio Tinto’s locomotive network in the Pilbara region of Western Australia. This is expected to help the company to enhance the business presence.
• In 2018, Nuovo Trasporto Viaggiatori and Alstom signed a agreement in order to offer maintenance and repair service for trains for next 30 years. This is expected to help the company to enhance the business ratio.
• In 2015 Siemens launched new state-of-the-art control center for centralized rail traffic management in South Africa. The center is capable of monitoring 600 trains and up to 500,000 passengers every day. This is expected to help the company to enhance the business presence.

However, factors such as lack availability of required infrastructure and high cost associated to deployment of advanced systems are expected to hamper the growth of global rolling stock management market. In addition, high cost of maintenance is another factor expected to further challenge the growth of target market.

Increasing urbanization in developing countries, high government spending on infrastructure development, and increasing use in IoT components are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, increasing public-private partnerships for development of automatic monitoring is another factor expected to further revenue support the growth of target market.

Rolling Stock Management Market Segment Analysis, 2019

The global rolling stock management market is further segmented into application type, management type, and maintenance. The maintenance segment is further bifurcated into predictive maintenance, corrective maintenance, and preventive maintenance. Among application type the passenger carrier segment is expected to account for significant revenue share in the global market.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share owing to increasing consumer preference for railway transportation. In addition, presence of large number of players operating in the country, high investment for technological advancements, coupled with introduction of innovative solutions are among other factors expected to further support the growth of target market.

Asia Pacific is expected to witness faster growth in the near future owing to high government spending on development of present railway infrastructure. In addition, approach towards adoption of advanced IoT components in order to lower the operational and maintenance cost is another factor expected to further support the growth of target market.

Competitive Landscape

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

The market research study on “Rolling Stock Management Market (Application Type: Goods Carrier and Passenger Carrier; Management Type: Railway and Infrastructure; Maintenance: Predictive Maintenance, Corrective Maintenance, and Preventive Maintenance) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global rolling stock management market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global rolling stock management market segment by application type, management type, maintenance and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global rolling stock management market size and segment markets by application type, management type, maintenance and geography along with the information on companies operating in the market. The rolling stock management market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Hitachi, Mitsubishi Heavy Industries, Talgo, Alstom S.A., Siemens Mobility, Bombardier Transportation, General Electric, ABB, Thales Group, and Tech Mahindra.

Market Segmentation

Market By Application Type

• Goods Carrier
• Passenger Carrier

Market By Management Type

• Air Spring
• Tank
• Solenoid Valve
• Shock Absorber
• Air Compressor
• Electronic Control Unit (ECU)
• Height & Pressure Sensor
• Others

Market By Maintenance

• Predictive Maintenance
• Corrective Maintenance
• Preventive Maintenance

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa