Pune, India, Sept. 20, 2022 (GLOBE NEWSWIRE) — The global Market size for rail vehicles is expected to gain momentum by reaching $52.92 billion by 2027 and showing a CAGR of 10.4% between 2021 and 2027. In its report titled “Rolling Stock Market, 2021-2027,” Fortune Business Insight mentions that the market was $40.71 billion in 2019.
The global rail vehicle market is being driven by the increasing investment by governments and regulators in expanding rail infrastructure, particularly in the developing world. Bombardier Sifang Transportation will deliver 160 CR400AF cars to the China State Railway Group.
industry development
January 2020: Bombardier Sifang Transportation has received a new order from China State Railway Group Co., Ltd. receive. According to the contract, the company is to supply the latter with 160 new Chinese-standard bullet train cars, designated CR400AF. It would help China upgrade its high-speed rail network.
May 2019: The Rhein-Main-Verkehrsverbund (RMV) has ordered 27 Coradia iLint hydrogen trains from Alstom. The trains are believed to be the world’s first passenger trains to be powered by a hydrogen fuel cell. They offer sustainable and clean traction as well as a zero-emissions solution.
Request a sample copy of the research report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/rolling-stock-market-102990
Scope and segmentation of the report:
| report coverage | details |
| forecast period | 2020-2027 |
| Forecast period 2021 to 2027 CAGR | 10.4% |
| Value prognosis 2027 | $52.92 billion |
| base year | 2019 |
| Market size in 2019 | $40.71 billion |
| Historical data for | 2016-2018 |
| number of pages | 150 |
| segments covered | By product type, by application type |
| growth accelerator | Asia-Pacific is growing rapidly, helped by the introduction of high-speed rail networks in China |
| Increasing new vehicle sales to accelerate growth |
What does the report provide?
Rail Vehicle Market report provides detailed analysis of several factors such as:
