Rolling Stock Market worth $64.3 billion by 2025 - Exclusive Report by MarketsandMarkets™
Retrieved on:
Tuesday, March 2, 2021
Increasing urbanization, adoption of public transport as a means of reducing traffic congestion, growing demand for energy-efficient transport and increasing adoption of rolling stocks for freight transportation are major drivers of the Rolling Stock Market.
Key Points:
- Increasing urbanization, adoption of public transport as a means of reducing traffic congestion, growing demand for energy-efficient transport and increasing adoption of rolling stocks for freight transportation are major drivers of the Rolling Stock Market.
- Japan is the technology leader in the Rolling Stock Market which is majorly used for passenger transportation.
- However, companies such as Hyundai Rotem are bringing technological developments in the country's Rolling Stock Market.
- There has been a rapid increase in the number of technological advancements in the Rolling Stock Market.