Railway Rolling Stock Market to Record 5.6% CAGR Growth Through 2029 | Global Analysis Report

Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.

Railway Rolling Stock Market Outlook: How is the Market Expected to Grow by 2025?
There has been significant growth in the railway rolling stock market size in the past few years. The market value is expected to increase from $53.46 billion in 2024 to $56.24 billion in 2025 with a compound annual growth rate (CAGR) of 5.2%. Factors contributing to this growth during the historic period include the rise in urbanization, the increasing need for effective transportation, broader railway networks, government policies and financing, rising freight transportation requirements, and a thriving tourism industry.

Railway Rolling Stock Market Forecast: What Size Will It Reach By 2029?
In the upcoming years, vigorous growth is expected in the railway rolling stock market size, projecting to escalate to $70.05 billion in 2029, with a CAGR of 5.6%. This predicted growth can be owing to factors such as an amplified investment in intelligent transportation systems, an increased emphasis on environmentally friendly transportation options, the extension of high-speed rail initiatives, the growing inclusion of self-governing and digital technologies, a surging need for refurbishing and modernizing rolling stock, and the rising urban populace. The major trends expected during the forecast period involve the intensifying integration of big data analytics and IoT, a noticeable shift toward hybrid and electric locomotives, an increased application of predictive maintenance technologies, the broadening of driverless and autonomous train systems, and the increasing focus on passenger comfort and facilities.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/railway-rolling-stock-global-market-report

Which Key Market Drivers Will Shape Railway Rolling Stock Industry Trends in 2025-2029?
The escalation in the electrification of rail infrastructure is anticipated to drive the railway rolling stock market's expansion in the future. This electrification process of railway networks entails the conversion of trains and tracklines from diesel or other sources of fuel to electrical power. An increasing number of rail networks are being electrified, mainly to lower greenhouse gas emissions and enhance operational efficiency. Railway rolling stock plays a critical role in the move towards electric railways, integrating electric traction systems and other vital equipment. For example, Eurostat, a Europe-based intergovernmental statistical agency, reported in February 2024 that the count of electrically-operated railcars in France escalated to 7113, an increase from 7081 in 2021. Similarly, in Sweden, the count rose to 2889 in 2022, showing a 25.99% increase from 2291 in 2021. Hence, the escalating electrification of rail networks will likely stimulate the expansion of the railway rolling stock market.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16774&type=smp

What Are the High-Growth Segments in the Railway Rolling Stock Market?
The railway rolling stock market covered in this report is segmented -

1) By Type: Type I, Type II, Type III, Type IV
2) By Wheel Type: Monoblock Wheels, Resilient Wheels, Rubber Tired Wheels, Steel Tired Wheels, Other Special Wheels
3) By Axle Type: Hollow Axles, Solid Axles
4) By Application: High Speed Trains, Light Rail Vehicles, Locomotives, Metros, Regional And Commuter Trains, Special Purpose Vehicles

Subsegments:
1) By Type I: Locomotives, Electric Multiple Units (EMUs), Diesel Multiple Units (DMUs)
2) By Type II: Freight Cars, Passenger Coaches
3) By Type III: High-Speed Trains, Light Rail Vehicles (LRVs)
4) By Type IV: Trams, Metro

Which Global Trends Are Driving Railway Rolling Stock Market Expansion?
Major corporations in the railway rolling stock market are prioritizing the creation of intelligent railways and digitalization technologies such as smart train leasing technology. This not only streamlines the leasing process but also improves the management of train assets. Advanced IoT and data analytics are harnessed in smart train leasing technology for rolling stock to enhance maintenance efforts, increase operational efficiency, and improve the passenger experience. Siemens Mobility GmbH, a Germany-based railway firm, launched a smart train lease technology in February 2024 to provide efficient leasing solutions, targeting efficiency improvement, cost reduction, and better asset management for railway operators. The smart train leasing approach marks the advent of a new digital and analytical era in rail leasing. With these tools, real-time monitoring and predictive maintenance are made possible, ensuring that the trains are consistently in peak condition and hence, reducing downtime and maintenance expenses.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=16774&type=smp

Who Are the Fastest-Growing Companies in the Railway Rolling Stock Industry?
Major companies operating in the railway rolling stock market are Hitachi Ltd, General Electric Company, Mitsubishi Electric Corporation, CRRC Corporation Limited, ABB Ltd., Alstom S.A., Thales Group, Kawasaki Heavy Industries Ltd, Wabtec Corporation, Knorr-Bremse AG, Bombardier Transportation, Tech Mahindra Ltd., Toshiba Infrastructure Systems & Solutions Corporation, Stadler Rail AG, Construcciones y Auxiliar de Ferrocarriles SA, The Greenbrier Companies Inc, Hyundai Rotem Company, SYSTRA Group, Trinity Industries Inc., CSR Corporation Limited, Vossloh AG, Amsted Rail Company Inc, Škoda Transportation as, PESA Bydgoszcz SA, Siemens Mobility GmbH, Nippon Sharyo Ltd, Patentes Talgo SL, Talgo SA, FreightCar America Inc

What Is the Regional Outlook for the Railway Rolling Stock Market by 2029?
Asia-Pacific was the largest region in the railway rolling stock market in 2024. The regions covered in the railway rolling stock market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Speak With Our Expert:
Saumya Sahay
Americas +1 310-496-7795,
Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267
Email:saumyas@tbrc.info
The Business Research Company -www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn:https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.