The study involved four major activities in estimating the current size of the rolling stock market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this research study included rolling stock industry organizations [American Railway Association (ARA), Brazilian Association of the Railroad Suppliers (ABIFER), China Railway Society (CRS), China Academy of Railway Sciences (CARS), Gulf Cooperation Council (GCC), Indian Railway Conference Association (IRCA), Indian Railway Institute of Electrical Engineering (IRIEEN), International Union of Railways (UIC), Japan Association of Rolling Stock Industries (JARI), Mexican Association of Railway], corporate filings [such as annual reports, investor presentations, and financial statements], and trade, business, whitepapers, and databases, and articles from recognized associations and government publishing sources. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated by primary research.
Primary Research
Extensive primary research was conducted after acquiring an understanding of the rolling stock market through secondary research. Several primary interviews were conducted with market experts from both the demand (railway operators, system integrators, country-level government associations, and trade associations) and supply (OEMs and component manufacturers) sides across major regions, namely, North America, Europe, Asia Oceania, the Middle East & Africa, and the Rest of the World. Approximately 40% and 60% of primary interviews were conducted from the demand and supply sides, respectively. The primary data was collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were considered to provide a holistic viewpoint in this report.
Brief sessions with highly experienced independent consultants were conducted to reinforce findings from primaries after interacting with industry experts. This, along with the in-house subject matter experts’ opinions, led to the findings, as described in the remainder of this report.
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for the report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations. The primary sources from the demand side included end users, such as Chief Information Officers (CIOs), consultants, service professionals, technicians and technologists, and managers at public and investor-owned utilities.
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Market Size Estimation
Multiple approaches were adopted for estimating and forecasting the rolling stock market. The first approach involved estimating the market size by summation of revenue generated through the sale of rolling stock. The top-down and bottom-up approaches were used to estimate and validate the size of the global market and to estimate the size of various other dependent submarkets in the overall rolling stock market. The research methodology used to estimate the market size includes the following details. The key players in the market were identified through secondary research, and their market shares in respective regions were determined through primary and secondary research. The entire procedure included studying the annual and financial reports of top market players and extensive interviews with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Bottom-Up Approach: Rolling Stock Market
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Top-Down Approach: Rolling Stock Market
Data Triangulation
After arriving at the overall market size through the above-mentioned methodology, this market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact market value data for the key segments and subsegments. The extrapolated market data was triangulated by studying various macro indicators and regional trends from both the demand- and supply-side participants.
Market Definition
Rolling stock refers to railway vehicles. They are powered as well as unpowered vehicles such as locomotives, railroad cars, coaches, and wagons. Rolling stock is used for freight and passenger transport and plays a vital role in the transport infrastructure of a city or country. Rapid urbanization and industrialization and the increasing use of public transport to reduce traffic congestion are the key factors driving the growth of the rolling stock market.
Key Stakeholders
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Senior Management
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Finance/Procurement Department
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R&D Department
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End User/Operator
Report Objectives
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To segment and forecast the rolling stock market in terms of volume (thousand units) and value (USD Million)
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To define, describe, and forecast the market based on product type, locomotive technology, application, components, and region
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To analyze regional markets for growth trends, prospects, and their contribution to the overall market
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To define, describe, and forecast the size of the rolling stock market with respect to growth trends and prospects and determine the contribution of the segments to the total market
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To segment the market and forecast its size, by volume and value, based on region (Asia Oceania, Europe, North America, the Middle East & Africa (MEA), and the Rest of the World (RoW)
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To segment and forecast the market size, by volume and value, based on product type (locomotives, rapid transit, wagons, coaches, and others)
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To segment and forecast the market size, by volume and value, based on locomotive technology (conventional locomotives and turbocharged locomotives), with qualitative insights on Maglev
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To segment and forecast the market size, by volume and value, based on application (passenger transportation and freight transportation)
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To provide qualitative insights on the market based on component (pantographs, axles, wheelsets, traction motors, passenger information systems, air conditioning systems, auxiliary power systems, train control systems, brakes, baffle gears, couplers, and gearboxes)
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To provide detailed information regarding the major factors influencing the market growth (drivers, challenges, restraints, and opportunities)
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To strategically analyze markets with respect to individual growth trends, prospects, and contribution to the total market
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To analyze opportunities for stakeholders and the competitive landscape for market leaders
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To study the following with respect to the market -
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Supply chain analysis
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Ecosystem analysis
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Technology analysis
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HS code
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Case study analysis
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Patent analysis
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Regulatory landscape
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Key stakeholders and buying criteria
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Funding by Application
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Key conferences and events
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To strategically profile key players and comprehensively analyze their market share and core competencies
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To analyze the impact of the AI on the market
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To track and analyze competitive developments such as deals (mergers & acquisitions, partnerships, collaborations), new product developments, and other activities carried out by key industry participants
Available Customizations
With the given market data, MarketsandMarkets offers customizations in line with the company’s specific needs.
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Rolling stock market, by technology type at the country level (For countries covered in the report)
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Rolling stock market, by product type at the country level (For countries covered in the report)
Company Information
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Profiling of additional market players (Up to 5)
robert
May, 2022
what is the market size for rolling stock market and also want to more details about forecast year 2022 to 2027. .