Wagons, locomotives, freights, and rapid transit vehicles are examples of rolling stock that play an important role in providing pleasant, dependable, and cost-effective transportation for passengers and commodities across large distances. The rolling stock has undergone significant technological progress since the founding of the railway transport system. Railway travel is becoming more pleasant, convenient, endowed with amenities, and rapid while remaining environmentally friendly as technology advances. Major players are developing solutions based on existing technical benefits of rolling stock. Many firms are working on lightweight components to improve train fuel efficiency and reliability.
Access full Report @ https://www.databridgemarketresearch.com/fr/reports/global-rolling-stock-market
Data Bridge Market Research analyses that the Global Rolling Stock Market was valued at USD 59,583.70 million in 2021 and is expected to reach USD 84,087.51 million by 2029, registering a CAGR of 4.40% during the forecast period of 2022-2029. The rising demand for energy-efficient rolling stock, rising demand for enhanced safety and comfort, rising urban population and demand for transportation services, rapid adoption of electrical fleet transportation solutions, and digitalization of the rolling stock industry are the major factors driving the rolling stock market's growth.
Growing demand from the transportation industry is expected to drive the market's growth rate
In the railway transportation industry, rolling stock refers to any vehicle that may move on rails. It covers both powered and unpowered vehicles such as goods wagons, passenger coaches and others. The trend of autonomous rolling stocks is currently on the rise. For example, automated trains or driverless trains, which do not require a driver to operate or work. They run automatically and are monitored or controlled by a control station.
Report Scope and Market Segmentation
Report Metric
|
Details
|
Forecast Period
|
2022 to 2029
|
Base Year
|
2021
|
Historic Years
|
2020 (Customizable to 2014- 2019)
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
Segments Covered
|
Type (Wagons, Coaches, Locomotives, Rapid Transit), Locomotive Technology (Turbocharged Locomotives, Conventional Locomotives, Maglev), Components (Traction Motor, Auxiliary Power System, Wheelset, Axle, Pantograph, Air Conditioning System, Passenger Information System, Others), Application (Passenger Transportation, Freight Transportation)
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
Market Players Covered
|
ABB (Sweden), Alstom (France), American Industrial Transport, Inc. (U.S.), Bombardier (Canada), CAF (U.K.), Construcciones y Auxiliar de Ferrocarriles, S.A. (Spain), Caterpillar (U.S.), CRRC Corporation Limited (China), Hitachi, Ltd. (Japan), HYUNDAI ROTEM COMPANY (South Korea), JAPAN TRANSPORT ENGINEERING COMPANY (Japan), Kawasaki Heavy Industries, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), National Steel Car Limited (Canada), Niigata Transys Co.,Ltd. (Japan), PATENTES TALGO S.L.U. (Spain), Siemens (Germany), Stadler Rail AG (Switzerland), Toshiba Infrastructure Systems & Solutions Corporation (Japan), Wabtec Corporation (U.S.), and Woojin Industrial Systems, Co, Ltd. (South Korea)
|
Data Points Covered in the Report
|
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis
|
Segment Analysis:
Global rolling stock market is segmented into four notable segments which are based on the application, product type, locomotive technology and components.
- On the basis of application, the global rolling stock market is segmented into passenger transportation and freight transportation. The passenger transportation segment is expected to dominate the global rolling stock market with 53.39% market share owing to the high number of train services in the global network. Trains are the most affordable and the safest way for transportation owing to which large number of population prefers the transportation mode and its increasing with the time which is driving the rolling stock market growth.
- On the basis of product type, the global rolling stock market has been segmented into locomotives, wagons, coaches and rapid transit. Coaches segment is expected to dominate the global rolling stock market with 30.47% market share as it defines the transportation capacity in passenger transportations application. In addition, continuous development in the coaches with enhanced space, connectivity and others is further accelerating the importance of the coaches segment.
- On the basis of locomotive technology, the global rolling stock market is segmented into turbocharged locomotives, conventional locomotives, and maglev. Turbocharged locomotives segment is expected to dominate the global rolling stock market with 74.77% market share owing to enhanced performance offered by them in global network. Turbocharged locomotives offer the faster way for transportation owing to which large population and freight transporters prefer the turbocharged locomotives which is driving the rolling stock market growth.
The turbocharged locomotives segment will dominate the rolling stock segment of the cleanroom technology market
The turbocharged locomotives segment will emerge as the dominating segment under locomotive technology with approximately 76.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the automotive industry all around the globe will further bolster the growth of this segment.
- On the basis of components, the global rolling stock market has been segmented into pantograph, axle, wheelset, traction motor, passenger information system, air conditioning system and auxiliary power system. Traction motor segment is expected to dominate the global rolling stock market with 19.44% market share as it enhances the transportation capacity of both passenger and freight transportations with increased speed. In addition, continuous development in the traction motor technology to reduce the maintenance cost further accelerates the locomotives segment's importance.
The traction motor segment will dominate the components segment of the rolling stock market
The traction motor segment will emerge as the dominating segment under components segment. This is because of the growing demand for traction motors in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the major market players: ABB (Sweden), Alstom (France), American Industrial Transport, Inc. (U.S.), Bombardier (Canada), CAF (U.K.), Construcciones y Auxiliar de Ferrocarriles, S.A. (Spain), Caterpillar (U.S.), CRRC Corporation Limited (China), Hitachi, Ltd. (Japan), HYUNDAI ROTEM COMPANY (South Korea), JAPAN TRANSPORT ENGINEERING COMPANY (Japan), Kawasaki Heavy Industries, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), National Steel Car Limited (Canada), Niigata Transys Co.,Ltd. (Japan), PATENTES TALGO S.L.U. (Spain), Siemens (Germany), Stadler Rail AG (Switzerland), Toshiba Infrastructure Systems & Solutions Corporation (Japan), Wabtec Corporation (U.S.), and Woojin Industrial Systems, Co, Ltd. (South Korea).
Market Development
- In 2020, Stadler expanded its foothold in the Swiss market for rolling stock solutions. To meet the demand for double-decker trains, the business increased its manufacturing capacity. The new alternate location provides an additional 32,000 square metres of production space. This increased the company's geographical footprint and production capability in the Swiss market.
- In 2022, Wabtec Corporation bought MASU, a leading manufacturer of friction solutions for the rail and automotive industries, in January. This acquisition will assist Wabtec Corporation in expanding its installed base and accelerating growth throughout its brake product portfolio.
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the rolling stock market during the forecast period 2022 - 2029
Given that of the increased usage of passenger rails for travelling throughout the area, Asia-Pacific (APAC) dominates the rolling stock industry. Furthermore, increased government investment on rail frights for the transit of commodities is credited to increased trade in the region.
Middle East and Africa (MEA) is estimated to be the fastest growing region in the rolling stock market in the forecast period 2022 - 2029
The Middle East and Africa (MEA) are predicted to see significant development from 2022 to 2029 as a result of increased investment in passenger trains and fast transit vehicles in the region. The growing need for a robust railway system to transport goods and commuters across the Middle Eastern and African areas is driving the region's rolling stock industry expansion.
For more detailed information about the rolling stock market report, click here – https://www.databridgemarketresearch.com/fr/reports/global-rolling-stock-market