Rolling Stock Market Poised for Growth as Governments Prioritize Rapid Transit Network Integration

A recent research study by MarkNtel Advisors reveals that the Global Rolling Stock Market is set to register around 8.8% CAGR during 2023-28. Rising urbanization, railway route expansions, increasing traffic congestion, and the mounting demand for comfortable & shorter journeys are projected to drive the market. Besides, the increasing electrification of railway networks and replacement of old rolling stocks, coupled with several ongoing & upcoming railway projects worldwide, are also expected to fuel the market growth.

As technologies advance, railway travel is becoming increasingly convenient, fast, comfortable, & environmentally friendly. Several companies operating in the industry are actively working on developing lightweight components to increase the fuel efficiency & reliability of trains. The advent of regenerative braking technology that facilitates energy conservation and reduces the need for mechanical breaks has also improved the efficiency of rolling stocks. In the future, the ever-growing demand for high-speed & autonomous trains and the increasing deployment of metro & subway trains in major cities are projected to propel the growth of the rolling stock market.

RTVs (Rapid Transit Vehicles) to Acquire a Prominent Market Share

The reliability, affordability, efficiency, and ability of RTVs to provide high-speed yet comfortable operations are driving their demand worldwide. They are more environmentally friendly than road-based transportation systems as they usually run on electricity and consume less energy per passenger-kilometer. With the ever-growing consumer need for long-distance commuting in shorter intervals, governments of various countries are launching numerous public transport projects for RTVs like metro trains & passenger rails, i.e., attracting massive funding for rapid transit rolling stock & its associated infrastructure.

 In addition, the active focus on developing technologies like magnetic levitation trains, coupled with remarkable technological iterations in automated trains, are also positively influencing the rolling stock market growth for rapid transit vehicles.

Asia-Pacific to continue its Dominance in the Rolling Stock Market

The mounting adoption of passenger rails for commuting by the rapidly increasing population, coupled with substantial government investments in rail freights for goods movement to cater to the burgeoning trade, are driving the Asia-Pacific Rolling Stock Market. In Japan, India, & China, the railway is the preferred means of transport by passengers, which is why these countries dominate the list of passenger-kilometer per year. China is emerging as a strong player in the regional market owing to its massive manufacturing base for industrial components and different types of machinery. Moreover, economic advancements in all industries and the achievement of major commercial & trade negotiations in India are also stimulating the rolling stock market across Asia-Pacific.

Competitive Landscape

The key companies in the Global Rolling Stock Market include 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, and Wabtec Corporation.

Key Questions Answered in the Research Report:

1. What are the current & future trends in the Global Rolling Stock Market?
2. How has the industry been evolving in terms of geography & product adoption?
3. How has the competition been shaping across various countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Rolling Stock Market?
5. What are the customer orientation, purchase behavior, and expectations from the leading players operating in the Global Rolling Stock Market?

Market Segmentation:

1. By Product Type (Locomotive, Rapid Transit Vehicles, Wagon, Metros, Trams, Monorails, Passenger Coaches)
2. By Propulsion (Diesel, Electric)
3. By End User (Passenger Transit, Cargo Train)
4. By Region (North America, South America, Europe, Middle East & Africa, Asia- Pacific)
5. By Country (The US, Canada, Mexico, Brazil, Argentina, Germany, Spain, The UK, France, Russia, Italy, Saudi Arabia, the UAE, Turkey, Egypt, South Africa, China, India, Japan, South Korea, Australia, Thailand)