Press release
Rolling Stock Global Market Report 2024 - By Trends, Size, Share, Growth, Forecast To 2033
Rolling Stock
The Business Research Company offers in-depth market insights through Rolling Stock Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The rolling stock market size has grown strongly in recent years. It will grow from $58.65 billion in 2023 to $62.67 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increased demand for mass transportation, increased demand for intermodal transportation, development of rail transportation system, need for efficient and reliable transportation.
The rolling stock market size is expected to see strong growth in the next few years. It will grow to $82.3 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to growth of urbanization, rising population density, increasing use of automation and digitalization in rolling stock, sustainable energy integration, increased connectivity and iot integration. Major trends in the forecast period include electrification of rail networks, adoption of maglev technology, focus on energy efficiency, integration of artificial intelligence, modular and customized rolling stock.
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Market Segmentation:
The rolling stock market covered in this report is segmented -
1) By Product: Locomotive, Rapid Transit Vehicle, Wagon
2) By Locomotive Technology: Conventional Locomotive, Turbocharge Locomotive, Maglev, Diesel Locomotive, Electric Locomotive, Electro-Diesel Locomotive
3) By Component: Pantograph, Axle, Wheelset, Traction Motor, Auxiliary Power System, Other Components
4) By End User: Passenger Transit, Cargo Train
Major Driver - Meeting The Demand For Energy-Efficient Transport Systems
The demand for energy-efficient transport systems is expected to propel the growth of the rolling stock market going forward. 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. For instance, according to Council On Energy, Environment And Water, by 2030, one-third of the four-wheelers, and half of the two wheelers sold in India would be electric as the demand for energy efficiency on the rise. The number would climb to 75% and 90% repectively by 2050. Therefore, the demand for energy-efficient transport systems is driving the growth of the rolling stock market.
Competitive Landscape:
Major companies operating in the rolling stock market report are Alstom Holdings SA, Bombardier Inc., Construcciones y Auxiliar de Ferrocarriles SA, CRRC Corporation Ltd., GE Transportation, Hitachi Ltd., Hyundai Rotem Company, Kawasaki Heavy Industries Ltd., Siemens AG, Stadler Rail AG, Transmash Holding, Electro-Motive Diesel Ltd., Skoda Transportation AS, Talgo SA, Trinity Industries Inc., Wabtec Corporation, Ansaldo STS, PESA Bydgoszcz SA, Newag SA, MAPNA Group, Nippon Sharyo Ltd., Caterpillar, IHI Corporation, Tatravagonka A. S., Virgin Hyperloop, Transpod Inc., Subaru Corporation, Texmaco Rail & Engineering Ltd., Alna Sharyo Co. Ltd., Pesa Group
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Top Trend - The Trend Of Converting Diesel Locomotives In The Rolling Stock Market
The conversion of diesel locomotives to electric and electro-diesel locomotives is a key trend gaining popularity in the rolling stock market. 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.
The Table Of Content For The Market Report 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
…..
27. Rolling Stock Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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