$ 37.2 Billion Rolling Stock Market - Global Industry Trends, Share, Size, Growth, Opportunity and Forecasts, 2015-2020 & 2021-2026 - ResearchAndMarkets.com
b'The "Rolling Stock Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com\'s offering.\nThe global rolling stock market reached a value of US$ 37.2 Billion in 2020.
- b'The "Rolling Stock Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com\'s offering.\nThe global rolling stock market reached a value of US$ 37.2 Billion in 2020.
- Looking forward, the global rolling stock market to exhibit moderate growth during the next five years.\nRolling stock refers to all wheeled vehicles that run on railway tracks and includes both powered and unpowered coaches, carriages, passenger cars and freight wagons.
- It is considered to be one of the most cost-effective modes of conveyance for commuters as well as for transporting heavy or bulky goods over long distances.\nIt can also be easily customized as per the exact requirements of the end user and provides a larger carrying capacity in comparison to other forms of transportation.
- As a result, it offers extensive applicability in various industries such as oil and gas, automotive, and mining where tank wagons are used to transport multiple deliverables, industrial chemicals, petrol and diesel.\nThe increasing urban population and growing industrial mining activities around the world, which have driven the demand for rapid trams, local passenger and fast metro trains, represent the key factors driving the global rolling stock market.