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Rolling Stock Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Rolling Stock
What Is the Projected Growth of the Rolling Stock Market?
In recent times, there has been a significant expansion in the rolling stock market size. It's projected to escalate from $61.79 billion in 2024 to $65.64 billion in 2025, registering a compound annual growth rate (CAGR) of 6.2%. Factors such as the rising need for mass transit, the surge in intermodal transportation demand, enhancements to the rail transport system, and the requirement for dependable and efficient means of transportation have all contributed notably to the growth experienced in the historic period.
It is projected that the rolling stock market will experience significant expansion in the coming years. By 2029, it is anticipated to reach a valuation of $87.98 billion, growing at a compound annual growth rate (CAGR) of 7.6%. This growth during the projected period could be due to factors such as urban expansion, increased population density, the rising application of automation and digitalization in rolling stock, the integration of green energy, improved connectivity, and Internet of Things (IoT) incorporation. Key trends that will shape the forecast period include the electrification of railway systems, the adoption of maglev technology, an emphasis on energy efficiency, the integration of artificial intelligence, and the development of tailored and modular rolling stock.
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What Are the Different Rolling Stock Market Segments?
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
Subsegments:
1) By Locomotive: Diesel Locomotive, Electric Locomotive, Hybrid Locomotive
2) By Rapid Transit Vehicle: Light Rail Vehicle (LRV), Metro Or Heavy Rail, Monorail
3) By Wagon: Freight Wagon, Tank Wagon, Hopper Wagon, Flat Wagon
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What Are the Primary Drivers Shaping the Rolling Stock Market?
The rise in need for energy-saving transportation methods is anticipated to spur the expansion of the rolling stock market. These efficient transport systems enable both people and goods to transit while conserving time, money, and energy. Rolling stocks, used in trains, contribute to diminishing energy consumption, hence the increasing need for energy-saving transport fuels the demand for rolling stocks. For example, the Council On Energy, Environment and Water projects that, by 2030, a third of all four-wheelers, and half of all two-wheelers sold in India will be electric due to the growing demand for energy efficiency. These proportions are expected to rise to 75% and 90% respectively by 2050. As a result, the requirement for energy-saving transportation methods is fueling the expansion of the rolling stock market.
Which Companies Are Leading in the Rolling Stock Market?
Major companies operating in the rolling stock market include 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 Major Trends Shaping the Rolling Stock Market?
Leading corporations in the rolling stock market are shifting their focus to create innovative diesel-battery-electric hybrid locomotives, keeping in line with the need for eco-friendly transport solutions. By integrating a standard diesel engine with electric battery power, these hybrid railway vehicles become more fuel-efficient and produce less emissions. The diesel engine caters to the requirements of long-distance travels and high-power needs, while the battery serves as the source of energy for short distances and for regenerative braking within areas focusing on lower emissions. For example, Progress Rail - a well-known American transit firm - launched the EMD GT38H in October 2023. This vehicle displays a Caterpillar 3512 diesel engine which works in conjunction with a generator and a lithium-ion battery bank, offering a starting tractive effort of 495 kN and a continuous tractive effort of 402 kN. The EMD GT38H can achieve a top speed of 60 km/h and has a substantial battery capacity of 550 kWh, allowing for external and regenerative battery charging. Rumo has projected fuel savings of up to 45% and significant reduction in particulate matter, NOx emissions, and noise. Considering their design suitable to handle tough terrains, these locomotives are a fitting choice for Rumo's narrow-gauge South Network.
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What Are the Top Revenue-Generating Geographies in the Rolling Stock Market?
Asia-Pacific was the largest region in the rolling stock market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the rolling stock market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Rolling Stock Market?
2. What is the CAGR expected in the Rolling Stock Market?
3. What Are the Key Innovations Transforming the Rolling Stock Industry?
4. Which Region Is Leading the Rolling Stock Market?
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