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Rolling Stock Management Market Reach $58.4 billion by 2025

 



(USGovernment-News.Com, March 30, 2019 ) According to the new market research report "Rolling Stock Management Market by Management (Rail, Infrastructure), Rail (Remote Diagnostic, Wayside, Train, Asset, Cab Advisory), Infrastructure (Control Room, Station, Automatic Fare Collection), Maintenance Service & Region - Global Forecast to 2025", published by MarketsandMarkets™, The global Rolling Stock Management Market is projected to grow from USD 42.8 billion in 2019 to reach USD 58.4 billion by 2025, at a CAGR of 5.32%.

The growth of the Rolling Stock Management Market is influenced by factors such as expansions and upcoming railway projects, cost optimization, focus on increasing the asset lifecycle, and development of rail infrastructure in emerging economies.

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Browse and in-depth TOC on "Rolling Stock Management Market"
45 - Tables
51 - Figures
170 - Pages

Europe is expected to lead the market during the forecast period

The European rail management market is large because of the growth in railway connection between China and Europe. Earlier, freight was delivered by the Trans-Siberian railway, but now, there is direct access for freight. The new route connects roughly 34 European cities with 35 Chinese cities. An increasing number of rail management solutions will be needed to sustain in the future, and the market will grow further. Additionally, the development of intelligent rail transportation system would also drive the European Rolling Stock Management Market.

Predictive maintenance market is expected to grow at the fastest CAGR

Predictive maintenance is expected to be the fastest global Rolling Stock Management Market. These services are used for time optimization, spare management, inventory management, downtime reduction, live monitoring of system health, and labor hour reduction. The major advantages of predictive maintenance include availability and cost efficiency. It helps improve reliability and also reduces maintenance cost, which is ultimately leading to improved safety and higher customer satisfaction. Various advancements are taking place in sensors and communication technologies so that they can collect continuous data from several systems and subsystems in rail, which enables them to monitor mechanical and electrical conditions, operational efficiency, and multiple performance indicators.

Rail management is expected to lead the Rolling Stock Management Market

Rail management is estimated to be the fastest growing market. It helps railway authorities with better fleet management and improved asset lifecycle. With the rise of connected systems, real-time information is fostering asset management, thereby reducing the overall operation cost. The information also increases vehicle safety and reliability. That is why rail authorities are going to choose better rail management solutions for efficient fleet management.

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The major Rolling Stock Management Market players are Bombardier (Canada), Alstom (France), Siemens (Germany), ABB (Switzerland), and Hitachi (Japan).

Browse Related Reports:

Rolling Stock Market- Global Forecast to 2025
by Product Type (Locomotives, Rapid Transit (DMU, EMU, Light Rail, Metro) Wagons, Coaches), Locomotive Propulsion (Diesel and Electric), Application (Passenger & Freight), Components, Technology & Region - Global Forecast to 2025)

Smart Fleet Management Market- Global Forecast to 2022
by Transportation (Automotive, Rolling Stock, Marine), Hardware (Tracking, Optimization, ADAS, and Diagnostic), Connectivity (Short, Long, and Cloud), Solution (Tracking and Optimization), and Region - Global Forecast to 2022

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
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MarketsandMarkets™ INC.
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Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/rolling-stock-management-market.asp
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MarketsandMarkets™

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

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