The Rolling Stocks Market is a segment within the transportation industry that is driven by the demand for new and advanced rolling stock, including locomotives, passenger coaches, and freight wagons. The rolling stock market is an essential component of the transportation infrastructure, with a significant impact on the global economy and trade.
According to a report by Fact.MR, the global rolling stock market size was valued at US$ 49.6 billion in 2020 and is expected to grow at a CAGR of 2% from 2021 to 2031. The growth of the market is attributed to the increasing investments in railway infrastructure development projects, the demand for energy-efficient and technologically advanced rolling stock, and the growing preference for railway transportation due to its cost-effectiveness and environmental friendliness.
The report notes that the Asia Pacific region is the largest market for rolling stock, accounting for a significant share of the global market. This is primarily due to the increasing investments in railway infrastructure development projects in countries such as China, India, and Japan, as well as the growing demand for energy-efficient and technologically advanced rolling stock in the region. Other regions such as North America, Europe, and the Middle East and Africa are also expected to witness significant growth in the rolling stock market in the coming years.
The report also highlights the impact of the COVID-19 pandemic on the rolling stock market, with disruptions in supply chains and the slowdown of transportation activities. However, with the resumption of transportation activities and the increasing investments in railway infrastructure development projects, the market is expected to recover in the post-pandemic era.
In conclusion, the rolling stock market is expected to continue growing due to the increasing investments in railway infrastructure development projects, the demand for energy-efficient and technologically advanced rolling stock, and the growing preference for railway transportation, particularly in emerging economies
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Key Segments Covered
- Product Type
- Locomotives Rolling Stock
- Passenger Coaches Rolling Stock
- Multiple Units Rolling Stock
- Freight Wagons Rolling Stock
- Rolling Stock for Freight Application
- Rolling Stock for Passenger Application
- In order to enhance their collaborative services, including global compliance testing and rolling stock certification, CRRC Corporation Limited (CRRC), a leading manufacturer of rolling stock, and TÜV Rheinland, a leading global technical service provider, signed a strategic agreement in September 2018.
- In March 2018, Siemens revealed plans to invest 200 million euros to establish a rolling stock factory in Goole, East Riding of Yorkshire, UK. The Orange County Transportation Authority gave the business permission in April to provide vehicles for the county’s Streetcar project.
- Stadler agreed to provide 14 three-car metro trains as part of a contract for € 114.5 million (US$ 135 million) that Siemens Mobility and Stadler jointly won in May 2021 to upgrade the signaling system and fleet of trains in Lisbon.
Key Companies Profiled
- CRCC Corporation Limited
- Hyundai Rotem Company
- CJSC Transmash Holding
- Staddler Rail AG
- Kawasaki Heavy Industries Ltd
- Hitachi Rail Limited
What are the Growth Prospects across the U.S. Market?
In 2020, the U.S. market was dominated by passenger transportation. The need for rolling stock is increasing as a result of improvements in locomotive technology and ongoing work to ensure safe transportation.
As a result, during the anticipated forecast period, the rolling stock industry is anticipated to surpass a CAGR of 5%. Sales are also increasing as a result of the extension of current metro and sub-urban rail projects as well as interstate rail infrastructure.
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