What is the global market size of Rolling Stock Market?

Global Rolling Stock Market size was valued at USD 58.02 billion in 2021 and is poised to grow from USD 61.5 billion in 2022 to USD 98.02 billion by 2030, growing at a CAGR of 6% in the forecast period (2023-2030).

Global Rolling Stock Market Size, Share, Growth Analysis, By Product Type(Locomotive, Coaches), By Application(Passenger Transportation, Freight Transportation), By Technology(Positive Train Control (PTC), Automatic Train Control (ATC)) - Industry Forecast 2024-2031

Report ID: SQMIG20U2013 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 92 | Figures: 76

Global Rolling Stock Market Insights

Global Rolling Stock Market size was valued at USD 61.5 billion in 2022 and is poised to grow from USD 65.2 billion in 2023 to USD 103.9 billion by 2031, growing at a CAGR of 6% in the forecast period (2024-2031).

In recent years, the global Rolling Stock market has been changing consumer preferences and demands due to the continuous urbanization and population growth, particularly in emerging economies, leading to increased demand for efficient and sustainable transportation solutions. Government initiatives to modernize and expand railway infrastructure also play a pivotal role in driving the market. The growing focus on reducing carbon emissions and promoting eco-friendly transportation further contributes to the adoption of electric and hybrid rolling stock..

In terms of product segments, electric locomotives and high-speed trains have been witnessing significant demand, driven by the need for energy-efficient and fast transportation. Additionally, the integration of advanced technologies, such as predictive maintenance systems and digital signaling, is becoming a prominent trend in the rolling stock sector.

Additionally, geographically, Asia-Pacific has been a key market for rolling stock, with countries like China and India investing heavily in railway infrastructure development. Europe, with its established rail network, is also a significant market, while North America is experiencing growth in demand for modernizing existing rail systems.

Global Rolling Stock Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

The competitive environment of the Rolling Stock market is dynamic and characterized by intense rivalry among key players vying for market share and technological dominance. The market dynamics are influenced by mergers and acquisitions aimed at expanding product portfolios and enhancing global reach. Emerging players, particularly from Asia, are gaining significance, introducing cost-effective solutions and challenging traditional market leaders. Additionally, the growing focus on sustainability and technological advancements, including the incorporation of predictive maintenance systems and digital connectivity, further intensifies competition. 'CRRC Corporation Limited', 'Alstom SA', 'Siemens Mobility', 'Hitachi, Ltd.', 'Kawasaki Heavy Industries, Ltd.', 'Bombardier Transportation', 'Wabtec Corporation', 'Stadler Rail AG', 'Talgo', 'Hyundai Rotem Company', 'Kinki Sharyo Co., Ltd.', 'Progress Rail Services Corporation', 'Nippon Sharyo, Ltd.', 'Trinity Industries, Inc.', 'Pesa Bydgoszcz SA', 'IHI Corporation', 'MAPNA Group', 'Greenbrier Companies, Inc.', 'CAF Group', 'Transmashholding Company'

The urbanization and population growth are significant factors, creating a rising demand for efficient and sustainable transportation solutions, particularly in densely populated areas. Government initiatives and investments in railway infrastructure, such as high-speed rail projects and the modernization of existing networks, play a pivotal role in driving market expansion. The increasing focus on environmental sustainability also drives the adoption of electric and hybrid rolling stock, aligning with global efforts to reduce carbon emissions in the transportation sector.

Rising Adoption of Electric and Hybrid Propulsion Systems: The increasing adoption of electric and hybrid propulsion systems, reflecting a broader commitment to sustainability and reduced carbon emissions in the transportation sector. High-speed rail projects continue to gain traction globally, driven by the need for rapid and efficient inter-city connectivity. The integration of advanced technologies, such as predictive maintenance systems and digital signaling, is becoming more prevalent, enhancing the safety and efficiency of rolling stock

Asia-Pacific is likely to dominate the rolling stock market. The region has witnessed substantial investments in railway infrastructure, particularly in countries like China and India. Rapid urbanization, population growth, and the need for efficient transportation systems contribute to Asia-Pacific's dominance. China's high-speed rail network expansion and India's focus on modernizing rail infrastructure are key drivers. Governments in the Asia-Pacific region are investing heavily in railway projects, enhancing both urban and inter-city transportation.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Global Rolling Stock Market Size, Share, Growth Analysis, By Product Type(Locomotive, Coaches), By Application(Passenger Transportation, Freight Transportation), By Technology(Positive Train Control (PTC), Automatic Train Control (ATC)) - Industry Forecast 2024-2031

Global Rolling Stock Market Insights

Global Rolling Stock Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Rolling Stock Market?

Who are the key vendors in the Global Rolling Stock Market?

What is the key driver of Global Rolling Stock Market?

What is the key market trend for Global Rolling Stock Market?

Which region accounted for the largest share in Global Rolling Stock Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300