Rolling Stock market size overview:

The global Rolling Stock market size was valued at USD 56,000 million in 2022 and is projected to reach USD 69,000 million by 2033, growing at a CAGR of 3.8% during the forecast period. The rolling stock market is expanding as a result of significant investments in railroad infrastructure as well as the expanding use of cutting-edge digital solutions. Long-distance passenger and freight transportation is made possible in large part by rolling stock vehicles, such as locomotives, freights, wagons, and rapid transit vehicles. These vehicles are dependable, pleasant, and economical.

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Market Dynamics

Driver: Rising demand for Freight Transportation

An increase in international trade and economic activity demands efficient and dependable cargo transportation. Because rail transit is more reliable and cost-effective for moving large quantities of cargo over long distances, there is a greater need for freight wagons and locomotives. The capacity and efficiency of rail transportation have been further enhanced by investments in rail infrastructure, such as the development of freight routes, electrification, and the use of cutting-edge technologies. The freight train that runs between China and Europe carried 1.9 million TEUs (twenty-foot equivalent) over its 17,000 trips in 2023. According to data supplied by the China State Railway Group, this represented a notable increase of 6% and 18% year-over-year.

Rolling Stock Market Growth Factors

Growing demand, especially in emerging nations, for urban rail transportation systems is one of the main factors propelling the worldwide rolling stock market. Urban rail networks have been expanding globally due to factors such as population growth, urbanization, and the need for sustainable transportation alternatives. By 2030, there will be over 250 urban rail systems, up from 182 in 2019 according to the International Association of Public Transport (UITP).

Urban rail transit offers a practical substitute for air pollution and traffic congestion in cities by offering economical, dependable, and eco-friendly transportation options. To fulfill rising passenger demand and solve issues with urban mobility, governments and local authorities are heavily investing in updating and extending their urban rail networks.

Rolling Stock market: Segmental Analysis

Product Type

• Locomotive
• Rapid Transit
• Coach

Application

• Passenger Transportation
• Freight transportation

Rolling Stock Market: Key Companies

• Siemens Mobility
• Alstom
• Bombardier Transportation
• CRRC Corporation Limited
• General Electric (GE) Transportation
• Kawasaki Heavy Industries
• Stadler Rail
• Hyundai Rotem
• CAF (Construcciones y Auxiliar de Ferrocarriles)
• Hitachi Rail
• Others

Restraint: Refurbishment of existing rolling stock to prevent new procurement

The desire to decrease travel expenses and boost vehicle capacity is driving up demand for rolling stock refurbishment. The capacity of rolling stock in many rail franchises is currently insufficient to handle the increasing number of passengers; therefore, refurbishment is a feasible way to address reliability issues, boost capacity, enhance energy efficiency, and upgrade cars to meet current standards. Deutsche Bahn AG Germany started an extensive renovation effort for its ICE 3 high-speed trains in 2023. In order to increase the trains' service life and enhance the passenger experience, this includes renovating the interiors, improving the seating, boosting energy efficiency, and strengthening Wi-Fi connectivity.

Increase in development testing of autonomous Train

Automated transportation systems, or autonomous trains, run autonomously without the need for human intervention and are overseen from a control center. When compared to road transportation, these trains can move more people and freight at a faster speed because of their greater operating frequencies. In order to minimize human involvement and interference, a number of nations are concentrating on the development, testing, and implementation of autonomous train technology. For example, as a prototype autonomous regional train for France's rail network, Alstom, Bosch, Spirops, Thales, and the Railenium Technology Research Institute, along with the country's state-owned railway corporation SNCF, started testing a modified Regio 2N regional train in May 2021.

Key Benefits

• The Rolling Stock Market report provides the quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises a deep dive analysis of the Rolling Stock Market trend including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints and opportunities and their impact on the Rolling Stock Market is provided in the report.

• The competitive analysis of the market players along with their market share in the Rolling Stock Market

• The SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Frequently Asked Questions About This Report

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Conclusion

The Rolling Stock Market is a dynamic and essential component of the global transportation industry. As urbanization continues and infrastructure development accelerates, the demand for efficient and reliable rolling stock is expected to grow steadily. Technological advancements, such as electrification and automation, are driving innovation and shaping the future of the market. By addressing the challenges and capitalizing on the opportunities, players in the rolling stock market can contribute to sustainable and efficient transportation solutions.