Rolling Stock Market Destined to Reach US$ 78.18 Billion (CAGR of 2.67%) During 2023-2028 | IMARC Group

The latest report by IMARC Group, titled "Rolling Stock Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global rolling stock market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global rolling stock market size reached US$ 66.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 78.2 Billion by 2028, exhibiting a growth rate (CAGR) of 2.67% during 2023-2028.

Rolling stock refers to all the vehicles that move on a railway track. This encompasses a wide range of vehicles, from locomotives that provide the motive power to passenger cars, freight wagons, and more specialized equipment. Fundamentally, it is an essential component of rail transport systems, facilitating the movement of individuals and goods. It offers a combination of high capacity, reliability, and energy efficiency. As urbanization increases and cities become more interconnected, the demand for efficient public transportation systems becomes paramount. Additionally, it serves as the backbone of these transportation networks, providing swift and sustainable solutions for commuting and cargo transportation needs in industrial and urban landscapes globally.

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Global Rolling Stock Market Trends:

The global rolling stock market has witnessed significant growth, driven by the growing need for eco-friendly transport solutions. This can be supported by the increased investments in electrified trains, contributing substantially to the market's evolution. Along with this, the rapid urbanization and expansion of metropolitan areas necessitate more extensive and efficient transportation networks, propelling the demand for advanced rolling stock. In addition, the accelerating integration of smart technologies, such as predictive maintenance and advanced telematics, is also enhancing the performance, safety, and efficiency of rolling stock, creating new growth avenues.

Moreover, as international trade rises, the demand for freight wagons to transport goods seamlessly across borders increases. Apart from this, governments worldwide are allocating substantial budgets to improve and expand their rail infrastructure, further stimulating the rolling stock market. Furthermore, manufacturers are innovating to produce lighter, more energy-efficient, and faster trains, creating a positive market outlook.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/rolling-stock-market

Key Market Segmentation:

Breakup by Product Type:

• Diesel Locomotive
• Electric Locomotive
• Others

Breakup by Locomotive Technology:

• Conventional Locomotive
• Turbocharge Locomotive
• Maglev

Breakup by Application:

• Passenger Coach
• Freight Wagon

Competitive Landscape with Key Players:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

This release was published on openPR.