Rolling Stock Management Market: Industry Expert View on Future Growth and Market Trends
Rolling stock refers to railway vehicles that include both powered and unpowered vehicles. It is referred to any railway vehicle that can move on the rail tracks. The rolling stock’s maintenance, information tracking, and management are the key features of the rolling stock management system. It maintains the information regarding the running as well as breakdown and inspection records of the rolling stocks. It also stores the records of the rolling stock from its manufacturing to the information regarding its main fittings. The management of the history log of the rolling stock helps the workers, during its inspection and breakdown, to efficiently manage their work. In addition, this system helps to collectively connect this information to traffic management systems, material and accounting systems, transportation plans, etc. Therefore, the rolling stock management system is necessary to determine the optimal performance of the rolling stocks and the railway industry.
Moreover, the rise in the rail industry is one of the major contributors to the rolling stock management market. The rise in the launch of new rail stations and expansion of the rail network generates the need for an efficient rolling stock management system to manage the rolling stock, its route, and maintenance. A new stations and rail expansion projects are key factors accelerating the demand for rolling stock management services.
For instance, in January 2023, UK-based Transport for Wales (TfW) announced the start of its construction of a new Butetown railway station and overhaul of Cardiff Bay station. Therefore, with the expansion of the railway network and infrastructure, the rolling stock management market is expected to grow significantly in the coming years. Similarly, Sinara Transport Machines Holding (STM) established a new railway infrastructure division to offer infrastructure maintenance services in Russia starting in 2022.
Based on management type, the rolling stock management market is bifurcated into rail management and infrastructure management. Based on maintenance service, the rolling stock management market is categorized into corrective maintenance, preventive maintenance, and predictive maintenance. The rolling stock management market, based on region, is categorized into the UK, Russia, and Poland. A few of the major players operating in the rolling stock management market are Alstom SA, Hitachi Rail Ltd, ABB Ltd, Mitsubishi Electric Corp, Siemens Mobility GmbH, Talgo SA, Thales SA, Toshiba Infrastructure Systems and Solutions Corp, Trimble Inc, and LocoTech LLC.
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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.
Moreover, the rise in the rail industry is one of the major contributors to the rolling stock management market. The rise in the launch of new rail stations and expansion of the rail network generates the need for an efficient rolling stock management system to manage the rolling stock, its route, and maintenance. A new stations and rail expansion projects are key factors accelerating the demand for rolling stock management services.
For instance, in January 2023, UK-based Transport for Wales (TfW) announced the start of its construction of a new Butetown railway station and overhaul of Cardiff Bay station. Therefore, with the expansion of the railway network and infrastructure, the rolling stock management market is expected to grow significantly in the coming years. Similarly, Sinara Transport Machines Holding (STM) established a new railway infrastructure division to offer infrastructure maintenance services in Russia starting in 2022.
Based on management type, the rolling stock management market is bifurcated into rail management and infrastructure management. Based on maintenance service, the rolling stock management market is categorized into corrective maintenance, preventive maintenance, and predictive maintenance. The rolling stock management market, based on region, is categorized into the UK, Russia, and Poland. A few of the major players operating in the rolling stock management market are Alstom SA, Hitachi Rail Ltd, ABB Ltd, Mitsubishi Electric Corp, Siemens Mobility GmbH, Talgo SA, Thales SA, Toshiba Infrastructure Systems and Solutions Corp, Trimble Inc, and LocoTech LLC.
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.
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