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Monday, 13 February 2017
Research Insights on Global Rolling Stock Market 2016-2020
Report : Global Rolling Stock Market 2016-2020is a new market research publication announced by Reportstack.
Report Outline: Rolling stock refers to wheeled railway vehicles that move on tracks, including locomotives, passenger rail vehicles, and freight wagons. These vehicles can be self-propelled or propelled. Rolling stock products are capital-intensive and require huge investment and time to manufacture. An increase in investment in rail infrastructure projects by developing countries has propelled the demand for rolling stock and urban transit systems in the market.
The growing urbanization in emerging economies has led to the development of the global rail market. Growing Asian economies are heavily investing in rail infrastructure projects. The same goes for the Middle East where Saudi Arabia, Qatar, Istanbul, Turkey, and Riyadh are making significant investments in light rail vehicle projects.