PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1211717
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1211717
Rolling Stock Market size was valued at USD 53,009.7 Million in 2022, expanding at a CAGR of 3.9% from 2023 to 2030.
All wheeled transportation on tracks is referred to as rolling stock, and this includes both powered and non-powered coaches, carriages, passenger cars, and freight wagons. It is regarded as one of the most economical means of transportation for long-distance delivery of big or bulky items as well as for commuters. In addition, it is simple to modify to the precise needs of the customer and offers a higher carrying capacity than traditional modes of transportation.
Rolling Stock Market- Market Dynamics
The major drivers of the worldwide rolling stock industry are the growing urban population and the expansion of industrial mines across the globe, which have fueled demand for quick trams, quick local passenger trains, and quick metro trains. People are choosing public transit more frequently because it relieves traffic congestion and offers a convenient, comfortable, and affordable means of transportation. Furthermore, the advancements in big data and analytics have helped suppliers and industrial Original Equipment Manufacturers (OEMs) to optimize their operations and offer users of rolling stock digital solutions, real-time monitoring, and predictive maintenance solutions. Additionally, technological developments like magnetic levitation trains (Maglev Trains), the use of IoT in communications, signaling, and engineering, and improvements to the onboard passenger experience have fueled the expansion of the global market.
Rolling Stock Market- Segmentation Analysis:
The Global Rolling Stock Market is segmented based on Product, Type, Train Type, and Region.
Based on the product, the global Rolling Stock is segmented into a locomotive, rapid transit, and wagon. The rapid transit segment is expected to grow at the highest CAGR during the forecast period. The growing urban population favors it as their preferred mode of public transportation due to factors including fast speed, affordability, and comfortable travel. Additionally, because they are powered by electricity, rapid transit vehicles are seen as environmentally good due to their Train Type source. As a result, the aforementioned information supports the development of rapid transit vehicles.
Based on type, the market is segmented into electric and diesel. The electric segment is expected to hold the largest market share during the forecast period. Decarbonization demands have been sparked by rapidly increasing global warming. Since it emits less carbon monoxide than a diesel train, the electric train segment is more environmentally beneficial. Consequently, market growth is being boosted by investments in the creation of technology and infrastructure intended for electric railroads.
Based on rail type, the global market is segmented into passengers and freight trains. The passenger rails market is anticipated to expand with the fastest CAGR over the forecast period. The passenger rails becoming the worldwide standard for daily commuting. The need for passenger trains increased along with the population's steady growth. Its advantages, including dependability, affordability, and excellent accommodations for both long and short-distance travel, have helped to increase demand. Due to their quicker service, passenger railways including metros, high-speed trains, and trams are popular modes of transportation.
Rolling Stock Market- Geographical Insights
Geographically, the Asia Pacific is expected to dominate the market during the forecast period. The use of passenger trains for commuting is growing as a result of the region's expanding population. Additionally, increased government investment in the rail infrastructure needed to carry goods is credited with the region's growing trade. For instance, the Jaynagar-Kurtha Railway link was recently opened by the governments of India and Nepal. This cross-border railway aims to increase trade, commerce, and investment between the two nations.
Rolling Stock Market- Recent Development:
In January 2022, MASU's, a top supplier of friction products to the rail and automotive industries, was acquired by Wabtec Corporation. Wabtec Corporation will be able to increase the installed base and accelerate growth throughout its entire brake product line due to this acquisition.
Key features of the study:
This proposed research study on the Rolling Stock market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for ` the Rolling Stock market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Rolling Stock market
The impact of COVID-19 on the Rolling Stock market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight into the Rolling Stock market post-COVID will also be covered.
To give the users of this report a comprehensive view of the Rolling Stock market, we have also included a competitive landscape and key innovator analysis for the Rolling Stock market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand the financial information and strategic initiatives of players operating in the Rolling Stock market.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new launches, research & development, and regional expansion of major participants involved in the market on global as well as regional levels.
The global Rolling Stock market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL ROLLING STOCK MARKET KEY PLAYERS
American Industrial Transport, Inc.
JAPAN TRANSPORT ENGINEERING COMPANY
Kawasaki Heavy Industries, Ltd.
Mitsubishi Electric Corporation
Toshiba Infrastructure Systems & Solutions Corporation
GLOBAL ROLLING STOCK MARKET, BY PRODUCT
GLOBAL ROLLING STOCK MARKET, BY TYPE
GLOBAL ROLLING STOCK MARKET, BY TRAIN TYPE
GLOBAL ROLLING STOCK MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA