The rolling stock management system is used to keep a record of the rolling stock. It is used to manage information and logs the maintenance, inspection, and breakdown of the rolling stock. With the help of this system, future records can be maintained for inspection purposes. Development of railway and increased technology implementation has made railways to operate efficiently with the implementation of latest technologies and adopt latest trends for management and other operations. This system makes operations cost effective and reduces the transit time to a larger extent. Several rolling stock management systems are present across the globe and are working efficiently.
The European region is estimated to dominate the market because of countries like the U.K., Germany, and France. These countries have a different level of technology advancement in their railway infrastructure and are expected to drive the rolling stock management market in Europe. The increased emphasis on time and cost optimization, constant monitoring, asset management, determining the condition of the rolling stock, and its maintenance is expected to boost the market. However, the change in technology for rolling stock management system requires technical expertise and higher initial investment, which is anticipated to hinder the growth of the market.
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The significant driving factors influencing the growth of the Rolling Stock Management Market include growing demand for transportation of goods, increased spending in rapid public transport systems and investment in rail infrastructure projects by emerging economies across the globe. Moreover, goods transportation by rolling stock is cheap, faster and involves less insurance charges than road transport. Increasing high-speed rail networks in developing nations and demand for energy-efficient transport along with demand for safety and comfort are the factors that will drive the Rolling Stock Management Market growth.
In addition, Rolling stock involves high capital and high overhaul and maintenance costs, along with high expenditure on R&D and presence of refurbishment of existing rolling stock are some restraining factors for the growth of Rolling Stock Management Market. Furthermore, growing urbanization in emerging economies, Increase in industrial and mining activity and big data applications in the rail industry creates opportunities that will drive the global Market.
The rolling stock management market is segmented into application, management type, maintenance, and region. By application, it is bifurcated into goods carrier and passenger carrier. On the basis of management type, it is classified into railways and infrastructure. By maintenance, it is classified into predictive maintenance, corrective maintenance, and preventive maintenance. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- This study comprises analytical depiction of the rolling stock management market trends with current trends and future estimations to depict the imminent investment pockets.
- The overall potential is determined to understand the profitable trends to gain a stronger foothold in Rolling Stock Management Industry.
- The rolling stock management market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current Rolling Stock Management Market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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KEY MARKET SEGMENTS
By Application Type
- Goods Carrier
- Passenger Carrier
By Management Type
- Predictive Maintenance
- Corrective Maintenance
- Preventive Maintenance
KEY MARKET PLAYERS PROFILED
- Alstom S.A.
- Siemens Mobility
- Bombardier Transportation
- General Electric
- Mitsubishi Heavy Industries
- Thales Group
- Tech Mahindra
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