Press release
Transforming the Rolling Stock Management Market in 2025: Impact Of Increasing Rail Transportation Demand On Rolling Stock Management
What Is the Expected Size and Growth Rate of the Rolling Stock Management Market?The market size for rolling stock management has greatly expanded in the past years. An increase is expected from $54.88 billion in 2024 to $58.57 billion in 2025 with a 6.7% compound annual growth rate (CAGR). This development throughout the historic period can be linked to factors like growing urban populations, governmental fiscal contributions, environmental law enforcement, economic progression, and the enlargement of worldwide business exchanges.
The market for rolling stock management is projected to experience robust growth in the coming years, with a predicted value of $75.13 billion by 2029 and a Compound Annual Growth Rate (CAGR) of 6.4%. Factors contributing to this anticipated growth during the forecast period include sustainable mobility trends, elevated levels of rail electrification, governmental incentives, the expansion of urban rail, and policies responding to climate change. The forecast period is also expected to see key developments including the implementation of artificial intelligence, intelligent transportation solutions, digitalisation innovations, automation, digital twins, and simulation models.
What Factors Are Fueling Growth in the Rolling Stock Management Market?
The rolling stock management market is anticipated to expand due to rising demand for rail transportation. Rail networks which enable the transport of passengers and freight offer an effective and frequently eco-friendly solution for long-distance transportation. The growing preference for rail transport can be attributed to its benefits of efficiency, sustainability, and its potential to decrease congestion and emissions. Efficient maintenance, reliability, and proper train scheduling are facilitated by rolling stock management, which in turn enhances the quality of services and boosts passenger satisfaction. For example, the Office of Rail and Road, a non-ministerial government body based in the UK, reported in June 2024 that during the recent fiscal year (1 April 2023 to 31 March 2024), the total rail passenger journeys in Great Britain were 1.61 billion, representing a significant 16% increase from the prior year's total of 1.38 billion trips. As a result, the growing need for rail transportation is expected to stimulate the expansion of the rolling stock management market.
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Which Leading Companies Are Shaping the Growth of 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.
What Are the Major Trends Shaping the Rolling Stock Management Market?
Key players in the rolling stock management market are centering their efforts on integrating artificial intelligence (AI), like AI-based rail operations systems, to boost overall efficacy and safety. AI rail operations systems in rolling stock management combine predictive maintenance, real-time monitoring, routing optimization, passenger experience management, and safety advancements to streamline railway operations. For example, in June 2024, ADComms, a UK-based telecommunication services provider for transport and mobile, introduced Monica Hub, an innovative intelligent software and data aggregation system designed to revolutionize rail operations. Monica Hub can blend real-time data from more than 70 sources including on-train sensors, station structure, and the global positioning system (GPS). This allows operators, infrastructure managers, and rolling stock maintainers to provide superior passenger journeys with elevated efficiency and quality. The platform possesses strong analytical tools and adjustable features to satisfy a broad spectrum of customer requirements, guaranteeing optimized operational performance and customer satisfaction.
What Are the Key Segments of the Rolling Stock Management Market?
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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Which Region Dominates 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 Is Covered In The Rolling Stock Management Global Market Report?
- Market Size Analysis: Analyze the Rolling Stock Management Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Rolling Stock Management 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 Management Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Rolling Stock Management Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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