The global Rolling Stock market size was US$ 55.6 billion in 2022 and is anticipated to reach US$ 80.4 billion in 2032, growing at a rate of 3.8% from 2022 to 2032.
Rolling stock is a term used to describe the vehicles that move on a railway. This includes locomotives, railway carriages, and wagons. The term can also be used to describe the wheels and axles that these vehicles use.
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Key Drivers and Trends
The increasing demand for passenger and freight transport is driven by the growing population and increasing urbanization. The need for energy-efficient and environmentally-friendly vehicles is driven by the need to reduce greenhouse gas emissions and the desire to reduce dependence on fossil fuels. The growing demand for high-speed trains is driven by the need to reduce travel times and the desire to improve the efficiency of the transportation system.
Automation is the process of using computers and other technology to control train operations, instead of human operators. This can include things like automated train control systems, which manage the speed and movement of trains, and automated passenger information systems, which provide information to passengers about delays and other disruptions.
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Digitalization is the process of using digital technology to improve the efficiency and effectiveness of train operations. This can include things like using sensors and data analytics to track the performance of trains and identify problems, or using mobile apps to provide information to passengers about their journey.
Restraints & Challenges
The key restraints in the Rolling Stock market include the high cost of investment, stringent government regulations, and the need for skilled labor. The challenges in the Rolling Stock market include the need for efficient supply chain management and the need for better coordination between the various stakeholders.
Key Market Players
The Rolling Stock market report includes players such as Alstom(France), Siemens(Germany), Bombarider(Canada), CAF(UK), Hitachi(Italy), Hyundai Rotem(South Korea), Kawasaki Heavy Industries(Japan), Stadler Rail(Switzerland), Talgo(Spain) and Trenitalia(Italy)
Covid-19 Impact
COVID-19’s shockwaves were felt all over the world. Following World Health Organization (WHO) guidelines, many nations imposed lockdowns, effectively halting global trade. Countries such as China have significantly disrupted exports and imports, resulting in manufacturing suspensions and factory closures globally. These circumstances had a negative effect on the rolling stock market. The global rolling stock market was facing an uncertain recovery timetable due to decreased demand for the locomotive fleet as a result of production and supply chain disruptions.
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Market Segments
By Type
- Locomotives
- Metros
- Monorails
- Trams
- Freight Wagons
- Passenger Coaches
- Others
By End Use
- Passenger Transit
- Cargo Train
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