Press release
Rolling Stock Market: Lucrative Growth Opportunities and Trends through 2024-2029
Rolling Stock Market
What Is The Projected Market Size Of The Global Rolling Stock Market And Its Growth Rate?
• In 2024, the rolling stock market size was $61.79 billion.
• The market will reach $65.64 billion in 2025, exhibiting a CAGR of 6.2%.
• The surge in the historic period was due to increased demand for mass transportation and intermodal transportation, advancements in rail transportation system, and the need for efficient and reliable transportation.
• By 2029, the market size is predicted to hit $87.98 billion with a CAGR of 7.6%.
• The projected growth can be attributed to increasing urbanization, rising population density, growing use of automation and digitalization in rolling stock, and integration of sustainable energy, connectivity, and IoT.
What Is Driving The Growth In The Rolling Stock Market?
The growing demand for energy-efficient transport systems is a crucial factor propelling the growth of the rolling stock market. Rolling stocks used in trains help decrease energy consumption, thereby increasing their demand. By 2030, it is predicted that a third of the four-wheelers and half of the two wheelers sold in India would be electric, demonstrating soaring demand for energy efficiency. This trend is anticipated to escalate, reaching 75% and 90% respectively by 2050, driving the growth of the rolling stock market through increased demand for energy-efficient transport systems.
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Who Are the Key Players Driving Rolling Stock Market Growth?
• 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.
• Texmaco Rail & Engineering Ltd.
• Alna Sharyo Co. Ltd.
• Pesa Group
What Are The Key Trends In The Rolling Stock Market?
• Electrification of rail networks
• Adoption of maglev technology
• Focus on energy efficiency
• Integration of artificial intelligence
• Development of modular and customized rolling stock
What Are The Segments Of The Global Rolling Stock Market?
• 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
Which Region Is Leading The Rolling Stock Market?
Asia-Pacific was the largest market for rolling stocks in 2024, and it's expected to dominate the growth in the forecast period as well, with Western Europe, Eastern Europe, North America, South America, Middle East, and Africa trailing behind.
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What Is Covered In The Rolling Stock Market Global Market Report?
- Market Size Analysis: Analyze the Rolling Stock Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Rolling Stock Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Rolling Stock Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Rolling Stock Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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