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The global rolling stock market size reached approximately USD 63.89 billion in 2023. The market is assessed to grow at a CAGR of 4.1% between 2024 and 2032 to attain a value of around USD 91.46 billion by 2032.
Rolling stocks are wheeled engines, wagons, and carriages used on railroads. They are one of the most efficient, safe, and reliable modes of transportation and offer various benefits such as durability, energy efficiency, and affordability.
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Moreover, technological innovations in fields of lightweight construction, propulsion systems, control, crash behaviour, and aerodynamics, among others, to surge usage of rail transport are likely to propel the market in the forecast period.
Based on type, the rolling stock market segmentation includes locomotives, metros, motorails, trams, freight wagons, and passenger coaches, among others. On the basis of end use, the market can be divided into passenger transit and cargo train. The major regional markets for rolling stock include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global rolling stock market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
As per the rolling stock market analysis, metros are gaining significant popularity as they are convenient, affordable, and safe modes of transport. Such trains can reduce the requirement for private vehicles, hence minimising traffic congestion. The comfort and cleanliness of metro trains also make them appealing transportation modes in urban areas. Besides, increasing investments in new metro projects by governments to enhance the quality of life of citizens are likely to aid the market in the coming years.
Passenger transit accounts for a significant rolling stock market share, supported by the growing demand for cost-effective transportation modes, rising population levels, and rapid urbanisation. Various governments are also investing in passenger transit like metros and high-speed rails to improve passenger experiences, create employment opportunities, and reduce emissions from the transportation sector.
Moreover, the increasing usage of high-speed rail as an alternative to short-distance air travel amid growing concerns regarding rapid climate is anticipated to expand the rolling stock market opportunity in the coming years.
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ALSTOM Holdings, headquartered in Saint-Ouen-sur-Seine, France, is a company that is engaged in the development and manufacturing of sustainable transport options. With a wide presence in nearly 63 countries, the company aims to drive innovations in digital mobility and signalling services, high-speed trains, turnkey systems, and monorails, among others.
BOMBARDIER INC. is a prominent aviation company that is engaged in the manufacturing, designing, and servicing of business jets. With a fleet of nearly 5,000 aircraft in service, the company is recognised globally for its innovation and reliability. Since its inception in 1942, the company has been committed to developing products with exceptional reliability and durability.
CRRC Corporation Limited, headquartered in Beijing, China, is a leading supplier of rail transit technologies and equipment. It is also involved in manufacturing, designing, repairing, selling, and leasing various services for urban rail transit vehicles, rolling stocks, and environmental protection equipment, among others. The company intends to offer services and products that are cost-effective, eco-friendly, and energy-efficient to enhance the sustainability of the railway sector.
Other rolling stock market players include Hitachi, Ltd., Hyundai Motor Company, Stadler Rail AG, Construcciones y Auxiliar de Ferrocarriles, S.A., Nippon Sharyo,Ltd, Siemens AG, Kawasaki Heavy Industries, Ltd., JSC TRANSMASHHOLDING, MITSUBISHI HEAVY INDUSTRIES, LTD., PATENTES TALGO S.L.U., Titagarh Rail Systems Limited, PESA Bydgoszcz SA, CIMIC Group Limited, The Kinki Sharyo Co.,Ltd., BEML Limited, IHI Corporation, MAPNA Group, Caterpillar Inc., The Greenbrier Companies, Inc., Trinity Industries, Inc., and Braithwaite & Co. Engineers Limited, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by End Use |
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Breakup by Region |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market attained a value of nearly USD 63.89 billion.
The market is assessed to grow at a CAGR of 4.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 91.46 billion by 2032.
The growing demand for rail transit and the rising integration of artificial intelligence (AI) in rolling stocks are the major market drivers.
The key trends propelling the market growth are the growing demand for alternative fuels, the rising demand for green rolling stocks, and the increasing demand for advanced hydrogen trains.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant end uses of rolling stock are passenger transit and cargo train.
The key rolling stock market players include ALSTOM, BOMBARDIER INC., CRRC Corporation Limited, Hitachi, Ltd., Hyundai Motor Company, Stadler Rail AG, Construcciones y Auxiliar de Ferrocarriles, S.A., Nippon Sharyo,Ltd, Siemens AG, Kawasaki Heavy Industries, Ltd., JSC TRANSMASHHOLDING, MITSUBISHI HEAVY INDUSTRIES, LTD., PATENTES TALGO S.L.U., Titagarh Rail Systems Limited, PESA Bydgoszcz SA, CIMIC Group Limited, The Kinki Sharyo Co.,Ltd., BEML Limited, IHI Corporation, MAPNA Group, Caterpillar Inc., The Greenbrier Companies, Inc., Trinity Industries, Inc., Braithwaite & Co. Engineers Limited, among others
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
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+91-858-608-1494
Philippines
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+63 287899028, +63 967 048 3306
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+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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