Description
INTRODUCTION
The word “rolling stock” has evolved in the United States from the earlier, more broadly defined “trains” to now encompass wheeled vehicles utilised by businesses on public roads.
Furthermore, the advancements in big data and analytics have helped suppliers and industrial Original Equipment Manufacturers (OEMs) to optimise their operations and offer users of rolling stock digital solutions, real-time monitoring, and predictive maintenance solutions.
LATIN AMERICA ROLLING STOCK MARKET SIZE AND FORECAST
The Latin America Rolling Stock Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
LATIN AMERICA ROLLING STOCK MARKET MARKET DYNAMICS
According to CRRC, it intends to construct a new manufacturing plant in Mexico that will serve as a hub for the supply of rail projects across Latin America.
The initial goal is to build a facility with 5000 employees spread across 100 hectares.
Company personnel are exploring a suitable site, although it would most likely be on properties bordering the states of Veracruz and Tamaulipas on Mexico’s central Gulf Coast.”
The Mayan Train Project is one of the major infrastructure projects intended to boost Southern Mexico’s economy.
Authorities have stated that by connecting the project to Guatemala, the economy of Central America will be improved and migration flows will be decreased.
The Brazilian Federal Government and Eurasian Resources Group’s (ERG) Brazilian subsidiary Bamin have signed a concession agreement for the construction and operation of a FIOL (East-West Integration) railway line.
Bamin will invest millions of dollars in the railroad and rolling stock. With this initiative, Bamin, the largest transport firm in Central Asia, will be able to take use of ERG’s extensive international experience.
LATIN AMERICA ROLLING STOCK MARKET COMPANY PROFILE
- Alstom Holdings SA
- Bombardier Inc
- CRRC Corporation Limited
- GE Transportation,
- General Electric
- Hitachi Ltd
- Hyundai Rotem Company
- Kawasaki Heavy Industries Ltd
- Siemens AG
- Stadler Rail AG
- Electro-Motive Diesel (EMD)
- Skoda Transportation AS
- Talgo SA
- TrinityRail
- Wabtec Corporation
THIS LATIN AMERICA ROLLING STOCK MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
- What is the average cost per Latin America Rolling Stock Market right now and how will it change in the next 5-6 years?
- Average cost to set up a Rolling Stock Market in Latin America?
- How many Latin America Rolling Stock Markets are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- What is happening in the overall public, globally?
- Cost breakup of a Latin America Rolling Stock Market and key vendor selection criteria
- Where is the Latin America Rolling Stock Market manufactured? What is the average margin per equipment?
- Market share of Latin America Rolling Stock Market manufacturers and their upcoming products
- The most important planned Latin America Rolling Stock Market in next 2 years
- Details on network of major Latin America Rolling Stock Market and pricing plans
- Cost advantage for OEMs who manufacture Latin America Rolling Stock Market in-house
- 5 key predictions for next 5 years in Latin America Rolling Stock Market
- Average B-2-B Latin America Rolling Stock Market price in all segments
- Latest trends in Latin America Rolling Stock Market, by every market segment
- The market size (both volume and value) of Latin America Rolling Stock Market in 2024-2030 and every year in between?
- Global production breakup of Latin America Rolling Stock Market, by suppliers and their OEM relationship
