PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1532383
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1532383
The Global Rolling Stock Market is estimated to be valued at US$ 52.14 Bn in 2024 and is expected to reach US$ 84.27 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 52.14 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 7.10% | 2031 Value Projection: | US$ 84.27 Bn |
The global rolling stock market has witnessed steady growth over the past few years owing to increasing passenger traffic and expanding metro rail projects worldwide. The rolling stock industry includes a wide variety of rail vehicles used for public rail transport, such as trains, trams, light rail, and subways. Rolling stock is considered an essential component of urban infrastructure across all major cities as it helps reduce traffic congestion and provides a cost-effective mode of transportation. Moreover, various government initiatives toward developing sustainable transportation solutions have boosted investments in rail infrastructure expansion. With growing environmental concerns and favorable government policies promoting public transport, the demand for energy-efficient rolling stock solutions is expected to rise substantially in the coming years.
Rising investments in railway infrastructure development across both developed and developing economies are a key driver propelling the global rolling stock market forward. Major factors fueling infra upgrades include rapid urbanization, emphasis on connectivity and multimodal mobility. However, high capital requirements for setting up rail manufacturing facilities pose a challenge for new entrants. Also, fluctuating raw material prices hamper profit margins. On the bright side, integration of advanced technologies like AI, IoT and predictive maintenance provides opportunities for OEMs to develop smart rolling stock with improved safety and reliability.
This report provides in-depth analysis of the global rolling stock market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global rolling stock market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Alstom Transport, Bombardier Transportation, Chittaranjan Locomotive Works, CRRC Corporation Limited, Construcciones Y Auxiliar DE Ferrocarriles S.A., GE Transportation, Hitachi Rail Systems, Hyundai Rotem, Kawasaki Heavy Industries Ltd., Siemens Mobility, Stadler Rail AG, The Greenbrier Co, Trinity Rail Group, LLC, TRANSMASHHOLDING, and Wabtec Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global rolling stock market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global rolling stock market.