The global rolling stock market is set to gain impetus from the rising investment by the government and regulatory bodies in the enhancement of the railway infrastructure, especially in the developing countries. This information is provided by Fortune Business Insights™ in a recent report, titled, “Rolling Stock Market Size, Share & Industry Analysis, By Product Type (Locomotive, Rapid Transit Vehicle, Wagons), By Application Type (Passenger Rail, Freight Rail), and Regional Forecast, 2020-2027.” The report further states that the rolling stock market size was USD 40.71 billion in 2019 and is projected to reach USD 52.92 billion by 2027, thereby exhibiting a CAGR of 10.4% during the forecast period.
The outbreak of COVID-19 pandemic has proven to be extremely distressful for a wide range of industries. It has already impacted approximately trillions of dollars of revenues in the market. However, we believe that this phase will soon pass with the cooperation of multiple organizations and government agencies. We will provide you with very deep insights on the decline and growth occurring in each industry because of the coronavirus infection. At the same time, we will also deliver highly accurate reports consisting of trends, drivers, hindrances, and opportunities in the market.
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