MarkNtel Advisors – Leading Market Research Company found Global Rolling Stock Market is expected to reach 4.13% CAGR Growth By 2028.
This report provides a comprehensive analysis of the Global Rolling Stock Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.
Comprehensive Analysis of the Rolling Stock Market
Base Year: 2022
Forecast Years: 2023-2028
Historical Years: 2018-2021
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Scope of the Rolling Stock Market Report:
The Global Rolling Stock Market is projected to grow at a CAGR of around 4.13% during the forecast period, i.e., 2023-28. The growth of the market is projected to be driven mainly by the expansion of railway routes worldwide, rapidly increasing urbanization, rising traffic congestion, and the mounting demand for comfortable & shorter journeys. In addition, the increasing electrification of railway networks, the replacement of old rolling stocks, and various ongoing & upcoming railway projects are also expected to boost the market in the coming years.
Which prominent factor is expected to drive the Rolling Stock Market during 2023-28?
Government Efforts toward Integrating Rapid Transit Networks to Reduce Traffic Congestion - Growing disposable incomes of people are leading to the ever-increasing demand for personal mobility and, consequently, rapidly rising road traffic worldwide. Moreover, the insufficient road network infrastructure in urban areas is another aspect leading to increasing road congestion & travel time. As a result, governments & urban planners are actively working on merging rapid transit networks & tramways with the existing city infrastructure. Moreover, the mounting inclination of commuters toward cost-effective, reliable, fast, yet eco-friendly means of transportation has bolstered the popularity of high-speed train networks. Hence, countries like Germany, France, & the UK are promoting the use of rapid transit systems to reduce traffic congestion, while India, China, Egypt, Brazil, & the Gulf nations are massively investing in the development of metros. Hence, these aspects are projected to drive the Global Rolling Stock Market during 2023-28.
What are the different Segment Available in the Rolling Stock Market?
By Product Type
- Locomotive
- Rapid Transit Vehicles
- Wagon
- Metros
- Trams
- Monorails
- Passenger Coaches
- Others (Hyperloop, Bullet Trains, etc.)
By Propulsion
- Diesel
- Electric
By End User
- Passenger Transit
- Cargo Train
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
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Leading Rolling Stock companies operating in the Market
- CAF (Construcciones Y Auxiliar De Ferrocarriles, S.A.)
- Hitachi, Ltd.
- Alstom
- CRRC Corporation Limited
- IHI Corporation
- Hyundai Corporation
- Kawasaki Heavy Industries, Ltd.
- Nippon Sharyo, Ltd.
- Mapna Group
- ŠKODA TRANSPORTATION a.s.
- Trinity Rail
- Siemens Mobility
- The Greenbrier Co.
- GE Transportation
- Wabtec Corporation.
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