Market Research Report

Global Rolling Stock Market Research Report: Forecast (2023-2028)

By Product Type (Locomotive, Rapid Transit Vehicles, Wagon, Metros, Trams, Monorails, Passenger Coaches, Others), By Propulsion (Diesel, Electric), By End User (Passenger Transit, ...Cargo Train), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Company (CAF (Construcciones Y Auxiliar De Ferrocarriles, S.A.), Hitachi, Ltd., Alstom, CRRC Corporation Limited, IHI Corporation, Hyundai Corporation, Kawasaki Heavy Industries, Ltd., Nippon Sharyo, Ltd., Mapna Group, ŠKODA TRANSPORTATION a.s., Trinity Rail, Siemens Mobility, The Greenbrier Co., GE Transportation, Wabtec Corporation) Read more

  • Automotive
  • May 2023
  • 189
  • AT66015

Market Definition

Rolling stock is referred to as wheeled vehicles like wagons, locomotives, freights, & rapid transit vehicles, among others, which play an integral role in facilitating cost-effective, comfortable, & reliable transportation for both passengers and transporting goods across long distances.

Market Insights & Analysis: Global Rolling Stock Market (2023-28)

The Global Rolling Stock Market is projected to grow at a CAGR of around 4.13% during the forecast period, i.e., 2023-28. The growth of the market is projected to be driven mainly by the expansion of railway routes worldwide, rapidly increasing urbanization, rising traffic congestion, and the mounting demand for comfortable & shorter journeys. In addition, the increasing electrification of railway networks, the replacement of old rolling stocks, and various ongoing & upcoming railway projects are also expected to boost the market in the coming years.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 4.13%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled CAF {Construcciones Y Auxiliar De Ferrocarriles, S.A.], Hitachi, Ltd., Alstom, CRRC Corporation Limited, IHI Corporation, Hyundai Corporation, Kawasaki Heavy Industries, Ltd., Nippon Sharyo, Ltd., Mapna Group, ŠKODA TRANSPORTATION a.s., Trinity Rail, Siemens Mobility, The Greenbrier Co., GE Transportation, Wabtec Corporation
Unit Denominations USD Million/Billion

 

With some remarkable technological advancements in recent years, railway travel has become more convenient, fast, comfortable, environmentally friendly, and equipped with facilities. The leading players in the industry are constantly working on introducing innovative solutions based on rolling stocks' existing technical advantages. Several companies are even developing lightweight components in order to increase the fuel efficiency & reliability of trains. For instance:

  • In April 2022, BHEL (Bharat Heavy Electricals Limited) received an order from NTPC for 6 electric locomotives to be used for the first time in India for industrial application. The locomotives will be manufactured at the company's production facility in Jhansi, Uttar Pradesh.

Moreover, the emergence of regenerative braking technology has also aided in increasing the efficiency of rolling stocks as it facilitates energy conservation while decreasing the need for mechanical breaks. Over the forecast years, the deployment of metro & subway trains in all the major cities, coupled with the mounting demand for high-speed & autonomous trains worldwide, would contribute significantly toward spurring growth in the market.


Global Rolling Stock Market Research Report: Forecast (2023-2028)

Global Rolling Stock Market Key Drivers:

Government Efforts toward Integrating Rapid Transit Networks to Reduce Traffic Congestion - Growing disposable incomes of people are leading to the ever-increasing demand for personal mobility and, consequently, rapidly rising road traffic worldwide. Moreover, the insufficient road network infrastructure in urban areas is another aspect leading to increasing road congestion & travel time. As a result, governments & urban planners are actively working on merging rapid transit networks & tramways with the existing city infrastructure. Moreover, the mounting inclination of commuters toward cost-effective, reliable, fast, yet eco-friendly means of transportation has bolstered the popularity of high-speed train networks. Hence, countries like Germany, France, & the UK are promoting the use of rapid transit systems to reduce traffic congestion, while India, China, Egypt, Brazil, & the Gulf nations are massively investing in the development of metros. Hence, these aspects are projected to drive the Global Rolling Stock Market during 2023-28.

Global Rolling Stock Market Growth Restraint:

Increasing Practices of Refurbishment & Restoration of Existing Rolling Stock - Worldwide, the rising need for reduced travel costs for passengers as well as enhanced vehicle capacity, coupled with the growing demand for lessening the cost burden on industries willing to utilize rail transport for goods transportation, are leading to increasing restoration & refurbishment practices of rolling stock. Mounting population levels, particularly in developing nations, is instigating rail operators to expand the available fleet in order to accommodate the growing number of passengers.

Since many rail companies are unable to suffice this demand with the existing capacity, refurbishment practices of rolling stock are increasing to improve energy efficiency & reliability concerns of the existing fleet. Consequently, rail operators being less inclined toward purchasing new vehicles would restrain the growth of the global market through 2028.

Global Rolling Stock Market (2023-28): Segmentation Analysis

Global Rolling Stock Market report by Markntel Advisors includes segmentation analysis based on Type and End-User. This breakdown allows businesses to identify specific market segments and tailor their marketing and product strategies accordingly, maximizing their chances of success in the Global Rolling Stock Market.

Based on Product Type:

  • Locomotive
  • Rapid Transit Vehicles
  • Wagon
  • Metros
  • Trams
  • Monorails
  • Passenger Coaches
  • Others (Hyperloop, Bullet Trains, etc.)

Of them all, RTVs (Rapid Transit Vehicles) are projected to acquire a prominent share of the Global Rolling Stock Market during 2023-28. It owes to their reliability, affordability, efficiency, and ability to provide high-speed yet comfortable operations, which makes them a preferred choice of public transport. Compared to road-based transportation systems, RTVs are environmentally friendlier as they consume a lesser amount of energy per passenger-kilometer and usually run on electricity.

Seeing the mounting consumer needs for long-distance commuting in shorter intervals, governments are launching various public transport projects for RTVs like metro trains & passenger rails, i.e., leading to substantial investments in rapid transit rolling stock & its associated infrastructure. Furthermore, technological iterations in automated trains and enhanced focus on developing technologies like magnetic levitation trains are other crucial aspects projected to positively impact the rolling stock market growth for rapid transit vehicles in the coming years.

Based on End-User:

  • Passenger Transit
  • Cargo Trains/ Freight Transportation

Here, freight trains would remain the largest end-users in the market over the coming years. They are an integral part of the global supply chain, owing to their ability to transport high-volume goods, such as fossil fuels like coal, petroleum, & gas, raw materials, heavy industrial machinery, etc., both internationally & domestically. The advent of advanced tracking & security technologies has significantly improved the service quality of freight trains.

Characteristics like high efficiency, reliability, & cost savings, coupled with ever-increasing government investments in infrastructure developments for freight transportation, are driving the market. Moreover, the mounting need for effective transportation of industrial & commercial goods worldwide is another prominent aspect stimulating the growth of the market for freight transportation.

Global Rolling Stock Market Regional Projection

On the geographical front, the Global Rolling Stock Market expands across:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Of all regions globally, Asia-Pacific is expected to continue dominating the market during 2023-28. The ever-increasing adoption of passenger rails for commuting on account of the growing population levels, coupled with massive investments by governments in rail frights for goods movement to cater to the ever-rising trade, are driving the rolling stock industry of Asia-Pacific.

The railway is the preferred means of transport by passengers of major regional countries like Japan, India, & China, which also dominate the list of passenger-kilometer per year. In addition, the presence of major rolling stock manufacturers in these countries is another prominent aspect stimulating regional market growth. Local governments are increasingly investing in the advancements of existing rail networks.

In the region, China is emerging as a strong owing to its strong manufacturing base for industrial components and different types of machinery. India is becoming prominent in terms of its economic advancement in all sectors. Major commercial & trade negotiations achieved in the past few years have also benefitted the country's growth in this domain.

Moreover, India has also opened up its export routes to the South East Asian countries for industrial components & heavy types of machinery, which, in turn, would attract several international manufacturers of rolling stocks and enhance competition in the market. Furthermore, the increasing number of rail infrastructure development projects, particularly in China & India, and active efforts by the Chinese government toward rapidly expanding the high-speed train network are also projected to spur growth in the Asia-Pacific Rolling Stock Market over the coming years.

Global Rolling Stock Industry Recent Developments 

  • On 9 November 2022, Siemens Limited announced setting up a state-of-the-art factory in Aurangabad to address the ever-increasing demand for bogies not only in India but globally. The new factory will deliver over 200 bogies toward an export order. In addition, bogies are based on the proven global design concept from Siemens – SF30 Combino Plus, which comes with easy maintenance and offers a best-in-class passenger experience.
  • The same year on 13 October, Wabtec Corporation signed a services contract with Akiem, a leading European rolling stock leasing company, for the maintenance of critical equipment for locomotive fleets in Europe. This agreement, which would run for the coming five years, covers brake components, pantographs, and HVAC for the company’s PRIMA & TRAXX fleets in France & Germany and intends to improve safety, reliability, & availability of rolling stock for Akiem’s customers.

Gain a Competitive Edge with Our Global Rolling Stock Market Report

  1. Global Rolling Stock Market report provides a detailed and thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics and make informed decisions.
  2. This report also highlights current market trends and future projections, allowing businesses to identify emerging opportunities and potential challenges. By understanding market forecasts, companies can align their strategies and stay ahead of the competition.
  3. Global Rolling Stock Market report aids in assessing and mitigating risks associated with entering or operating in the market.
  4. The report would help in understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks and optimize their operations

Frequently Asked Questions

   A. The Rolling Stock Market is projected to grow at a CAGR of around 4.13% during 2023-28.

   A. Increasing government efforts toward deploying rapid transit networks to reduce traffic congestion are projected to drive the Rolling Stock Market through 2028.

   A. CAF (Construcciones Y Auxiliar De Ferrocarriles, S.A.), Hitachi, Ltd., Alstom, CRRC Corporation Limited, IHI Corporation, Hyundai Corporation, Kawasaki Heavy Industries, Ltd., Nippon Sharyo, Ltd., Mapna Group, ŠKODA TRANSPORTATION a.s., Trinity Rail, Siemens Mobility, The Greenbrier Co., GE Transportation, and Wabtec Corporation, are the key players operating in the Rolling Stock Market.

   A. The rising practices of rolling stock refurbishment & restoration worldwide are likely to hamper the growth of the Rolling Stock Market during 2023-28.

   A. Cargo Trains/Freight Transportation is anticipated to emerge as an area of remunerative opportunities for the leading players in the Rolling Stock Market over the forecast years.

   A. Globally, Asia-Pacific would provide lucrative prospects to the Rolling Stock Market during 2023-28.

Global Rolling Stock Market Research Report (2023-2028) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Rolling Stock Market Mergers & Acquisitions, 2018-2022
  5. Global Rolling Stock Market Regulations and Policy
  6. Global Rolling Stock Market Trends & Developments
  7. Global Rolling Stock Market Dynamics
    1. Drivers
    2. Challenges
  8. Global Rolling Stock Market Hotspots and Opportunities
  9. Global Rolling Stock Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Product Type
        1. Locomotive
        2. Rapid Transit Vehicles
        3. Wagon
        4. Metros
        5. Trams
        6. Monorails
        7. Passenger Coaches
        8. Others (Hyperloop, Bullet Trains, etc.)
      2. By Propulsion
        1. Diesel
        2. Electric
      3. By End User
        1. Passenger Transit
        2. Cargo Train
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
  10. North America Rolling Stock Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2018-2028, USD Million
      2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
      3. By End-Use- Market Size & Forecast 2018-2028, USD Million
      4. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Rolling Stock Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
        3. By End-Use- Market Size & Forecast 2018-2028, USD Million
    4. Canada Rolling Stock Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
        3. By End-Use- Market Size & Forecast 2018-2028, USD Million
    5. Mexico Rolling Stock Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
        3. By End-Use- Market Size & Forecast 2018-2028, USD Million
  11. South America Rolling Stock Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2018-2028, USD Million
      2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
      3. By End-Use- Market Size & Forecast 2018-2028, USD Million
      4. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Rolling Stock Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
        3. By End-Use- Market Size & Forecast 2018-2028, USD Million
    4. Argentina Rolling Stock Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
        3. By End-Use- Market Size & Forecast 2018-2028, USD Million
  12. Europe Rolling Stock Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2018-2028, USD Million
      2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
      3. By End-Use- Market Size & Forecast 2018-2028, USD Million
      4. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. Germany Rolling Stock Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
        3. By End-Use- Market Size & Forecast 2018-2028, USD Million
    4. The UK Rolling Stock Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
        3. By End-Use- Market Size & Forecast 2018-2028, USD Million
    5. France Rolling Stock Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
        3. By End-Use- Market Size & Forecast 2018-2028, USD Million
    6.  Italy Rolling Stock Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
        3. By End-Use- Market Size & Forecast 2018-2028, USD Million
    7. Spain Rolling Stock Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
        3. By End-Use- Market Size & Forecast 2018-2028, USD Million
  13. The Middle East & Africa Rolling Stock Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2018-2028, USD Million
      2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
      3. By End-Use- Market Size & Forecast 2018-2028, USD Million
      4. By Country
        1. Saudi Arabia
        2. The UAE
        3. South Africa
        4. Rest of Middle East and Africa
    3. Saudi Arabia Rolling Stock Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
        3. By End-Use- Market Size & Forecast 2018-2028, USD Million
    4. The UAE Rolling Stock Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
        3. By End-Use- Market Size & Forecast 2018-2028, USD Million
    5. South Africa Rolling Stock Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
        3. By End-Use- Market Size & Forecast 2018-2028, USD Million
  14. Asia-Pacific Rolling Stock Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2018-2028, USD Million
      2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
      3. By End-Use- Market Size & Forecast 2018-2028, USD Million
      4. By Country
        1. China
        2. Japan
        3. Australia
        4. India
        5. South Korea
        6. Rest of Asia-Pacific
    3. China Rolling Stock Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
        3. By End-Use- Market Size & Forecast 2018-2028, USD Million
    4. Japan Rolling Stock Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
        3. By End-Use- Market Size & Forecast 2018-2028, USD Million
    5. Australia Rolling Stock Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
        3. By End-Use- Market Size & Forecast 2018-2028, USD Million
    6. India Rolling Stock Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
        3. By End-Use- Market Size & Forecast 2018-2028, USD Million
    7. South Korea Rolling Stock Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product Type- Market Size & Forecast 2018-2028, USD Million
        2. By Propulsion- Market Size & Forecast 2018-2028, USD Million
        3. By End-Use- Market Size & Forecast 2018-2028, USD Million
  15. Global Rolling Stock Market Key Strategic Imperatives for Success & Growth
  16. Competitive Outlook
    1. Company Profiles 
      1. CAF (Construcciones Y Auxiliar De Ferrocarriles, S.A.)
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Hitachi, Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Alstom
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. CRRC Corporation Limited
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. IHI Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Hyundai Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Kawasaki Heavy Industries, Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Nippon Sharyo, Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Mapna Group
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. ŠKODA TRANSPORTATION a.s.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Trinity Rail
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Siemens Mobility
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. The Greenbrier Co.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. GE Transportation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Wabtec Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
  17. Disclaimer


Rolling Stock Market - Segmentation Slide