Rolling Stock Market on Track to Reach USD 73.27 Billion by 2031, Riding a 3.7% CAGR Surge
Rolling Stock Market Industry
According to a recent report published by ๐๐ฅ๐ฅ๐ข๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก, the global rolling stock market size was valued at ๐๐๐ ๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐ and is projected to reach ๐๐๐ ๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐, growing at a ๐๐๐๐ ๐จ๐ ๐.๐% ๐๐ซ๐จ๐ฆ ๐๐๐๐ ๐ญ๐จ ๐๐๐๐. The report delivers a detailed and strategic analysis of key market dynamics, offering insights into ๐ญ๐จ๐ฉ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ ๐ฉ๐จ๐๐ค๐๐ญ๐ฌ, ๐ฅ๐๐๐๐ข๐ง๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐ฌ๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐ฌ, ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐ข๐ณ๐ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ข๐จ๐ง๐ฌ, and the ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐ฅ๐๐ง๐๐ฌ๐๐๐ฉ๐. It also uncovers the shifting industry trends, emerging opportunities, and strategic moves by top players that are reshaping the global railway ecosystem.
โก๏ธ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/5732
Rolling stocks are employed in the railway transportation industry, which includes all vehicles that can travel by rail. Powered locomotives & unpowered freight wagons, passenger coaches, and other vehicles are all part of the rolling stock industry. It plays an integral role in facilitating comfortable, reliable, and cost-effective transportation for the passengers and transporting goods, across long distances. It can also be easily customized as per the exact requirements of the end user and provides a larger carrying capacity in comparison to other forms of transportation. Presently, rolling stock industry is experiencing extensive transformation as the demand for rail transport has increased substantially. Also, the advancement in both powered & unpowered vehicles such as railcars, wagons, coaches, locomotives, as well as vehicles used for support services coupled with facilitation of easy transportation have propelled the adoption of these by end-users for transportation of goods & passenger services. For instance, in October 2019, CRRC Corporation Limited launched the first localized ETS2 meter-gauge D-series high-speed train with business class in Malaysia. The new trainโs features 180-degree rotatable business class seats, special seats for passengers with disabilities and safety belts, power outlets, video and audio entertainment, remote ordering, service calls and dynamic maps.
In addition, the rolling stock market has witnessed significant growth in recent years, owing to the reliable infrastructure equipment with high level of safety and greater adoption of new integrated solutions. Coupled with these expansion strategies have also been contributing to the growth. Furthermore, the companies operating in the rolling stock market have adopted partnerships, acquisitions, and product launches to increase their market share and expand their geographical presence. For instance, December 2021, Alstom expanded its new industrial base in Morocco, with the investment of $11.25 million to build a new production line & develop capability in country to manufacture on board transformers. It is the second production line at Alstomโs facility in Fez, which produces harnesses and electrical cabinets for rail and take up about 13,000sq.m of the facility and will be operational in 2023.
โก๏ธ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ญ - https://www.alliedmarketresearch.com/request-for-customization/5732
๐๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐จ๐๐๐๐ซ๐ฌ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ซ๐จ๐ฅ๐ฅ๐ข๐ง๐ ๐ฌ๐ญ๐จ๐๐ค ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐ ๐จ๐ง ๐ญ๐ฒ๐ฉ๐, ๐๐ง๐-๐ฎ๐ฌ๐, ๐๐ง๐ ๐ซ๐๐ ๐ข๐จ๐ง.
๐๐๐ฌ๐๐ ๐จ๐ง ๐ญ๐ฒ๐ฉ๐, the freight wagons segment held the largest market share in 2021, holding more than two-fifths of the global market. The metros segment, on the other hand, is predicted to cite the fastest CAGR of 6.1% during the forecast period.
๐๐๐ฌ๐๐ ๐จ๐ง ๐๐ง๐-๐ฎ๐ฌ๐, the cargo train segment held the dominating market share in 2021, holding nearly three-fifths of the global market. The passenger transit segment, on the other hand, is predicted to cite the fastest CAGR of 4.4% during the forecast period.
๐๐๐ฌ๐๐ ๐จ๐ง ๐ซ๐๐ ๐ข๐จ๐ง, Europe held the lionโs share in 2021, garnering nearly one-third of the global market. The Asia-Pacific region, on the other hand, is predicted to cite the fastest CAGR of 5.3% during the forecast period.
Also, the adoption of hydrogen fuel cell locomotives & battery-operated trains owing to the need for green transportation, creating cost-effective solution for trains and better performance of railway locomotives. In January 2022, Alstom launched a battery train in collaboration with Deutsche BAHN AG. Therefore, with the growing popularity of hydrogen fuel cell locomotives and battery-operated trains, the demand for rolling stock market is expected to grow in the coming years globally.
๐ ๐๐๐ญ๐จ๐ซ๐ฌ such as increase in allocation of the budget for development of railways, rise in demand for secure, safer, & efficient transport, and increase in use of public transport services as a solution to minimize traffic congestions drive the growth of the rolling stock market. However, high capital requirement and refurbishment of existing rolling stock are anticipated to hamper the growth of the rolling stock market. Further, increase in development & testing of autonomous train, improvement in railway infrastructure, particularly in developing countries, and rise in industrial & mining activity are expected to create numerous opportunities for rolling stock market expansion.
โก๏ธ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/5732
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ง๐๐ฅ๐ณ๐ฒ๐๐ ๐จ๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ซ๐จ๐ฅ๐ฅ๐ข๐ง๐ ๐ฌ๐ญ๐จ๐๐ค ๐ฆ๐๐ซ๐ค๐๐ญ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐
๐๐ฅ๐ฌ๐ญ๐จ๐ฆ, ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐๐ข๐จ๐ง๐๐ฌ ๐ ๐๐ฎ๐ฑ๐ข๐ฅ๐ข๐๐ซ ๐๐ ๐ ๐๐ซ๐ซ๐จ๐๐๐ซ๐ซ๐ข๐ฅ๐๐ฌ, ๐.๐ (๐๐๐ ), ๐๐๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง ๐๐ข๐ฆ๐ข๐ญ๐๐, ๐๐ข๐ญ๐๐๐ก๐ข, ๐๐ญ๐., ๐๐ฒ๐ฎ๐ง๐๐๐ข ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐ฐ๐๐ฌ๐๐ค๐ข ๐๐๐๐ฏ๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ, ๐๐ญ๐., ๐๐๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ, ๐๐ข๐ฉ๐ฉ๐จ๐ง ๐๐ก๐๐ซ๐ฒ๐จ, ๐๐ญ๐., ๐๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ, ๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ ๐.๐., ๐๐ซ๐จ๐ ๐ซ๐๐ฌ๐ฌ ๐๐๐ข๐ฅ (๐ฌ๐ฎ๐๐ฌ๐ข๐๐ข๐๐ซ๐ฒ ๐จ๐ ๐๐๐ญ๐๐ซ๐ฉ๐ข๐ฅ๐ฅ๐๐ซ), ๐๐ข๐๐ฆ๐๐ง๐ฌ, ๐๐ญ๐๐๐ฅ๐๐ซ ๐๐๐ข๐ฅ ๐๐, ๐๐๐ฅ๐ ๐จ, ๐๐๐ญ๐ซ๐๐ฏ๐๐ ๐จ๐ง๐ค๐ ๐.๐. ๐๐จ๐ฉ๐ซ๐๐, ๐๐ก๐ ๐๐ซ๐๐๐ง๐๐ซ๐ข๐๐ซ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ, ๐๐ง๐., ๐๐ก๐ ๐๐ข๐ง๐ค๐ข ๐๐ก๐๐ซ๐ฒ๐จ ๐๐จ., ๐๐ญ๐., ๐๐ซ๐ข๐ง๐ข๐ญ๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ, ๐๐ง๐., ๐๐ง๐ ๐๐๐๐ญ๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐๐ข๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/smart-railway-market - The global smart railway market size was valued at $18,304.8 million in 2019, and is projected to reach $38,469.7 million by 2027, registering a CAGR of 12.8%.
https://www.alliedmarketresearch.com/railway-telematics-market-A12206 - The global railway telematics market was valued at $4.98 billion in 2020, and is projected to reach $12.43 billion by 2030, registering a CAGR of 9.5% from 2021 to 2030.
https://www.alliedmarketresearch.com/north-america-railway-automated-inspection-equipment-market-A11320 - The North America railway automated inspection equipment market was valued at $643.6 million in 2019, and is projected to reach $831.6 million by 2027, registering a CAGR of 4.9%.
https://www.alliedmarketresearch.com/cash-logistics-market - The global cash logistics market was valued at $16.83 billion in 2020, and is projected to reach $33.28 billion by 2030, registering a CAGR of 6.9% from 2021 to 2030.
https://www.alliedmarketresearch.com/railway-propulsion-system-market-A12287 - The global railway propulsion system market was valued at $9.9 billion in 2022, and is projected to reach $15.1 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032.
https://www.alliedmarketresearch.com/railway-connectors-market-A07142 - Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/railway-traction-inverter-market-A08786 - Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/railway-hydraulic-damper-market-A11399 - Global Opportunity Analysis and Industry Forecast, 2023-2032
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