Press release
Global Rolling Stock Management Market Projected to Surpass $75.13 Billion by 2029 with 6.43% Annual Growth
Rolling Stock Management
The growing demand for rail transportation is expected to boost the rolling stock management market. Rail transportation, which efficiently moves passengers and freight, is gaining popularity due to its sustainability, efficiency, and role in reducing traffic congestion and emissions. Rolling stock management ensures the smooth operation of trains, optimizing maintenance, scheduling, and service reliability. For instance, in June 2024, the Office of Rail and Road in the UK reported a 16% rise in rail passenger journeys in Great Britain, reaching 1.61 billion in the fiscal year from April 2023 to March 2024. As such, the increasing demand for rail travel will support growth in the rolling stock management market.
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What growth opportunities are expected to drive the rolling stock management market's CAGR through 2034?
The rolling stock management market has also grown significantly. It will grow from $54.88 billion in 2024 to $58.57 billion in 2025, at a CAGR of 6.7%. The growth is attributed to urbanization, government investments, environmental regulations, economic growth, and the expansion of global trade.
The rolling stock management market is expected to grow strongly, reaching $75.13 billion by 2029 at a CAGR of 6.4%. This growth will be supported by sustainable mobility trends, urban rail expansion, and government incentives. Major trends will include AI integration, digitalization, and the use of simulation models for better transportation solutions.
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What are the emerging trends shaping the future of the rolling stock management market?
Major companies in the rolling stock management market are integrating AI-based systems to optimize operational efficiency and safety. AI systems can improve predictive maintenance, real-time monitoring, and passenger experience management. For example, in June 2024, ADComms, a UK-based transport service provider, launched Monica Hub, an intelligent software platform that aggregates data from over 70 sources, including sensors and GPS. The system improves rail operations by offering real-time data analytics and enhancing passenger service delivery.
Which growth-oriented segments of the rolling stock management market are leading the industry's development?
The rolling stock management market covered in this report is segmented -
1) By Maintenance Service: Corrective Maintenance, Preventive Maintenance, Predictive Maintenance
2) By Management Type: Railway, Infrastructure
3) By Application Type: Goods Carrier, Passenger Carrier
Subsegments:
1) By Corrective Maintenance: Emergency Repairs, Component Replacement, Fault Detection And Troubleshooting
2) By Preventive Maintenance: Scheduled Inspections, Routine Lubrication And Cleaning, System Calibration
3) By Predictive Maintenance: Condition-Based Monitoring, Vibration And Thermal Analysis, Data Analytics For Failure Prediction
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What regions are leading the charge in the rolling stock management market?
Europe was the largest region in the rolling stock management market in 2024. The regions covered in the rolling stock management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the rolling stock management market?
Major companies operating in the rolling stock management market are Hitachi Ltd, CRRC Corporation Limited, Mitsubishi Heavy Industries Ltd, ABB Ltd., Toshiba Infrastructure Systems & Solutions Corporation, Alstom S.A., Thales Group, Kawasaki Heavy Industries Ltd, Wabtec Corporation, Knorr-Bremse AG, Stadler Rail AG, Construcciones y Auxiliar de Ferrocarriles, The Greenbrier Companies Inc., Hyundai Rotem Company, SYSTRA Group, Trinity Industries Inc., Vossloh AG, Amsted Rail Company Inc, Siemens Mobility GmbH, Nippon Sharyo Ltd, Talgo SA, FreightCar America Inc.
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What Is Covered In The Rolling Stock Management Global Market Report?
•Market Size Forecast: Examine the rolling stock management market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the rolling stock management market for a structured understanding.
•Key Players Overview: Analyze major players in the rolling stock management market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the rolling stock management market.
•Segment Contributions: Evaluate how different segments drive overall growth in the rolling stock management market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the rolling stock management market.
•Industry Challenges: Identify potential risks and obstacles affecting the rolling stock management market.
•Competitive Landscape: Review strategic developments in the rolling stock management market, including expansions, agreements, and new product launches.
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