Press release
Rolling Stock Market is predicted to reach USD 75.9 billion in 2029, increasing at 4.5% CAGR during 2022-2029 | Size, Share & Report
Rolling Stock Market
Rolling Stock Market was valued at USD 53.4 billion in 2021 and is estimated to reach USD 75.9 billion in 2029, growing at a CAGR of 4.5%.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/rolling-stock-market/
The factors driving the growth of Rolling Stock Market includes growing demand for efficient mode of transportation systems, Government schemes promoting the use of public transport, increasing use of locomotives in end-use industries such as oil & gas, agriculture, and manufacturing. According to the report published by Statista, the market size of global public transportation was calculated around USD 240.20 billion in 2022 and is expected to reach USD 315 billion by the end of 2026, growing at a CAGR of 7.01% over the forecast period (2022-2026), which will boost the Rolling Stock Market size in coming years. Moreover, rise in Government's allocation on the railway sector, increasing use of public transportation system to reduce traffic congestion, increase in the construction of metros and railway projects and growing application of big data analytics in the transport industry, are some of the additional factors supplementing the Global Rolling Stock Market. In addition, the increasing investments by leading players on research and development, rising disposable incomes and rapid urbanization, are further propelling the Rolling Stock Market size.
However, the growth of Rolling Stock Market is hindered attributed to high capital required for developing railway infrastructure.
The prominent players operating in the market are Siemens AG, Kawasaki Heavy Industries, Ltd., Transmashholding, CRRC Corporation Limited, Bombardier Inc., Alstom SA, Stadler Rail AG, Construcciones y Auxiliar de Ferrocarriles, S.A., Hyundai Motor Group and Motherson Rolling Stock Systems GB Limited among others.
Based on Application, the Freight segment is predicted to expand at a significant CAGR during the forecast period
Increasing application of freight trains in the end-use industries such as oil & gas, mining and automotive and rise use of GPS tracking systems to enhance the protection of goods, are some of the factors responsible for the segment's growth.
Based on Locomotive Technology, the Maglev segment is projected to grow at a remarkable CAGR over the forecast period
Maglev locomotives enables smooth journey, reduces turbulence and these kinds of trains are driven by powered guideway, are propelling the growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to capture a sizeable market share during the forecast period
Rapid economic growth across India, China, and South Korea in the last decade, growing demand for rail vehicles for transporting passengers, rise in the number of metro projects in cities, increasing disposable incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific.
Key Development
In 2020, Alstom SA completed the acquisition of Bombardier Transportation, the rail division Bombardier Inc. This acquisition will enhance the business portfolio of the Alstom SA in the train manufacturing market.
In 2019, Motherson Rolling Stock Systems GB Limited, completed the acquisition of rolling stock electrical component and systems business of Bombardier Transportation UK Ltd. This acquisition will enhance the product portfolio of the company.
Market Segmentation
Segmentation by Product Type
Locomotives
Diesel Locomotives
Electric Locomotives
Electro-Diesel Locomotives
Rapid Transit
Diesel Multiple Unit (DMU)
Electric Multiple Unit (EMU)
Light Rail/Tram
Subway/Metro
Monorail
Coaches
Wagons
Segmentation by Application
Passenger Transportation
Locomotives
Coaches
Freight
Locomotives
Wagons
Segmentation by Locomotive Technology
Conventional Locomotives
Turbocharged Locomotives
Maglev
Segmentation by Component
Pantograph
Axle
Wheel Set
Traction Motor
Passenger Information System
Air Conditioning System
Auxiliary Power System
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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