Rolling Stock Management Market Introduction
The rolling stock management system is utilized to manage information and keep record of the rolling stock. The rolling stock management system logs the maintenance, inspection, and breakdown history of the rolling stock and also helps manage and maintain these records for future inspections. The rolling stock management system enables cost-effective operation and also reduces the time required for transit. Railways are gaining traction, as it is a prominent mode of sustainable mobility owing to its significantly low carbon emission.
Rolling Stock Management Market - Competitive Landscape
In February 2017, Ansaldo STS presented ERSAT and ERSAT EAV projects. ERSAT was a new-generation signaling project that interfaced and integrated the European Rail Traffic Management System (ERTMS) with navigation and satellite positioning technology for the first time in Europe. This would be a breakthrough project for Ansaldo STS, as it has employed satellite technology for controlled and safe management of rail traffic on secondary conventional lines, local lines, and regional lines for the first time in Europe.
In February 2016, Siemens signed a contract with the Riyadh Corporation, becoming a technology provider for the world’s largest subway project. For this project, Siemens AG has agreed to supply the entire turnkey system for two driverless metro lines in Riyadh, the capital of Saudi Arabia. This project consists of six rail lines with a total length of 175 kilometers.
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Founded in 1928, Alstom S.A. with headquarters in Saint-Ouen, France, is a leading company that specializes in integrated transport systems. It offers a complete range of solutions from high-speed trains to metros, tramways, and e-buses; passenger solutions; customized services (such as maintenance, modernization); and infrastructure, signaling, and digital mobility solutions.
Established in 1910, Hitachi, Ltd. with headquarters in Tokyo, Japan, is a leading manufacturer of rolling stock, signaling, services, and turnkey. The company’s rail systems have presence in 27 countries and are manufactured in 11 countries worldwide. In 2018, Hitachi Ltd., Ansaldo ATS, and Mitsubishi Corp signed a MoU with Metro de Panama for the supply of vehicle and systems for the Panama metro Line 3. Hitachi Ltd. would supply 28 six-car monorail trainset. Ansaldo STS is projected to supply signaling, telecoms, and power supplies. Japan International Co-operation Agency has provided a 20-year loan for the expenditure.
Siemens AG is a global company that provides powerhouse services in the areas of electrification, automation, and digitization. The company operates through eight business segments: power & gas, wind power & renewables, energy management, building technologies, mobility, digital factory, and process industries & drives.
Rolling Stock Management Market Dynamics
Rise in passenger and freight traffic driving rolling stock management market
Rising number of freight and passengers across the globe is a major factor boosting the rolling stock management market. Furthermore, an increase in production and sales of goods along with increase in import and export of goods from one location to another is further driving the global market. Demand for rolling stock management is increasing due to delays in delivery and loss of goods during transit.
High initial investment cost restraining the market
High initial investment required to adopt the rolling stock management system is a key factor restraining the market. This is likely to be a major restraint to the rolling stock management market during the forecast period. Moreover, various countries are still utilizing conventional fuel-powered trains, such as diesel powered and coal powered locomotives, which are harmful for the environment. They are expected to be banned during the forecast period. This, in turn, is estimated to restrain the rolling stock management market
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Rolling Stock Management Market Segmentation
Based on application, the rolling stock management market can be segmented into
- Goods Carrier
- Passenger Carrier
Based on management type, the rolling stock management market can be classified into
Based on maintenance service, the rolling stock management market can be divided into
- Predictive Maintenance
- Corrective Maintenance
- Preventive Maintenance
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.