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(USGovernment-News.Com, January 27, 2017 ) Rolling stock refers to wheeled railway vehicles that move on tracks, including locomotives, passenger rail vehicles, and freight wagons. These vehicles can be self-propelled or propelled. Rolling stock products are capital-intensive and require huge investment and time to manufacture. An increase in investment in rail infrastructure projects by developing countries has propelled the demand for rolling stock and urban transit systems in the market.
The growing urbanization in emerging economies has led to the development of the global rail market. Growing Asian economies are heavily investing in rail infrastructure projects. The same goes for the Middle East where Saudi Arabia, Qatar, Istanbul, Turkey, and Riyadh are making significant investments in light rail vehicle projects.
Publisher's analysts forecast the global rolling stock market to grow at a CAGR of 3.28% during the period 2016-2020. For more information about this report: http://www.reportsweb.com/global-rolling-stock-market-2015-2019 Covered in this report The report covers the present scenario and the growth prospects of the global rolling stock market for 2016-2020. To calculate the market size, Publisher considers the revenue generated from the total consumption of rolling stock globally. The report does not include revenue generated from the aftermarket service of the product.
The market is divided into the following segments based on geography: - Americas - APAC - Europe - MEA
Publisher's report, Global Rolling Stock Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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