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Global Rolling Stock Market 2023 Production Analysis, Competitive Landscape, Regional Outlook And Forecast To 2032 | Major layers Are Alstom Holdings SA, Bombardier Inc., Construcciones y Auxiliar de Ferrocarriles SA, CRRC Corporation Limited, GE Transpor
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Rolling Stock Global Market Report 2023 identifies demand for energy-efficient transport systems as the major driver for the Rolling Stock Market's growth in the forecast period. Efficient transportation systems allow people and products to move while saving time, money, and energy. Rolling stocks are used in trains and help to reduce energy consumption, as a result, rising demand for energy-efficient transportation systems drives up demand for rolling stocks.
The global rolling stock market size grew from $53.95 billion in 2022 to $58.67 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The rolling stock market size is expected to grow to $72.67 billion in 2027 at a CAGR of 5.5%.
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Major competitors in the rolling stock market are Alstom Holdings SA, Bombardier Inc., Construcciones y Auxiliar de Ferrocarriles SA, CRRC Corporation Limited, GE Transportation, General Electric, Hitachi Ltd., Hyundai Rotem Company, Kawasaki Heavy Industries Ltd., Siemens AG, Stadler Rail AG, Transmash Holding, Electro-Motive Diesel (EMD), Skoda Transportation AS, Talgo SA, TrinityRail, and Wabtec Corporation.
A key trend in the Rolling Stock Market includes Conversion of diesel locomotives to electric and electro-diesel locomotives. Diesel locomotives have a low life span upon conversion of diesel locomotives to electric and electro-diesel locomotives they have a lifespan of 5-10 years more. For instance, in July 2020, The Ministry of Railways ordered Railway Board to downsize Indian Railways' fleet of diesel locomotives and increase its fleet of electric locomotives.
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The Rolling Stock Market is segmented -
By Product: Locomotive, Rapid Transit Vehicle, Wagon
By Locomotive Technology: Conventional Locomotive, Turbocharge Locomotive, Maglev, Diesel Locomotive, Electric Locomotive, Electro-Diesel Locomotive
By Component: Pantograph, Axle, Wheelset, Traction Motor, Auxiliary Power System, Other Components
By End User: Passenger Transit, Cargo Train
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Rolling Stock Market.
The Business Research Company's "Global Rolling Stock Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Rolling Stock Market Include:
1. Executive Summary
2. Rolling Stock Market Characteristics
3. Rolling Stock Market Trends And Strategies
4. Rolling Stock Market - Macro Economic Scenario
5. Rolling Stock Market Size And Growth
……
26. Africa Rolling Stock Market
27. Rolling Stock Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rolling Stock Market
29. Rolling Stock Market Future Outlook and Potential Analysis
30. Appendix
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