The rolling stock market, responsible for the manufacturing and maintenance of train and rail vehicles, has evolved significantly in recent years. Technological advancements, such as electric and hybrid trains, have made rail transport more energy-efficient and environmentally friendly. This evolution has reduced emissions and improved passenger comfort and safety. Furthermore, it contributes to more efficient and sustainable urban transportation systems, making rail travel a preferred choice for commuters and freight companies, thus positively impacting the transportation industry and the environment.
According to Data Bridge Market Research, the Global Rolling Stock Market was valued at USD 59,583.70 million in 2021 and is expected to reach USD 84,087.51 million by 2029, registering a CAGR of 4.40% during the forecast period of 2022-2029.
“Rise in urban population boost the market’s growth”
The rise in urban population is a significant driver for the rolling stock market. As more people move to cities, there is a growing demand for efficient and sustainable urban transportation systems. Trains and railways provide a viable solution for reducing traffic congestion, pollution, and commuting times. This, in turn, fuels the need for new rolling stock, including modern trains and infrastructure, to meet the transportation demands of densely populated urban areas, driving the growth of the rolling stock market.
What restraints the growth of the global rolling stock market?
“High requirement for research and development (R&D) investments restraints the market’s growth”
The rolling stock market encounters a significant restraint in the form of the high requirement for research and development (R&D) investments. Developing advanced, eco-friendly, and efficient rail technologies demands substantial R&D funding. This poses a challenge for companies and governments seeking to meet the growing urban transportation demands.
Segmentation: Global Rolling Stock Market
The global rolling stock market is segmented on the basis of application, application, locomotive technology, and components.
- On the basis of application, the global rolling stock market is segmented into wagons, coaches, locomotives, and rapid transit.
- On the basis of application, the global rolling stock market is segmented into passenger transportation, and freight transportation.
- On the basis of locomotive technology, the global rolling stock market is segmented into turbocharged locomotives, conventional locomotives, and maglev.
- On the basis of components, the global rolling stock market is segmented into traction motor, auxiliary power system, wheelset, axle, pantograph, air conditioning system, passenger information system, and others.
Regional Insights: Asia-Pacific dominates the Global Rolling Stock Market
The Asia-Pacific (APAC) region dominates the rolling stock market due to the widespread adoption of passenger rail systems for commuting. APAC's densely populated urban areas and growing cities have fueled the demand for efficient, sustainable, mass transit solutions. As a result, the region has become a significant market for rolling stock, with governments and companies investing in modern rail infrastructure to address the transportation needs of their expanding populations.
The Middle East and Africa (MEA) are poised for substantial growth in the rolling stock market from 2022 to 2029. This growth is attributed to passenger rail and rapid transit vehicle investments. As urbanization and infrastructure development continue, governments and private entities in the MEA region increasingly focus on enhancing their transportation networks, boosting the demand for rolling stock solutions to cater to the growing need for efficient, modern transit.
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The Prominent Key Players Operating in the Global Rolling Stock Market Include:
- ABB (Sweden)
- Alstom (France)
- American Industrial Transport, Inc. (U.S.)
- Bombardier (Canada)
- CAF (U.K.)
- Construcciones y Auxiliar de Ferrocarriles, S.A. (Spain)
- Caterpillar (U.S.)
- CRRC Corporation Limited (China)
- Hitachi, Ltd. (Japan)
- HYUNDAI ROTEM COMPANY (South Korea)
- JAPAN TRANSPORT ENGINEERING COMPANY (Japan)
- Kawasaki Heavy Industries, Ltd. (Japan)
- Mitsubishi Electric Corporation (Japan)
- National Steel Car Limited (Canada)
- Niigata Transys Co.,Ltd. (Japan)
- PATENTES TALGO S.L.U. (Spain)
- Siemens (Germany)
- Stadler Rail AG (Switzerland)
- Toshiba Infrastructure Systems & Solutions Corporation (Japan)
- Wabtec Corporation (U.S.)
- Woojin Industrial Systems, Co, Ltd. (South Korea)
Above are the key players covered in the report, to know about more and exhaustive list of global rolling stock market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Rolling Stock Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
