Rolling Stock Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Rolling Stock Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A1377
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Market Overview:

The global rolling stock market size reached US$ 66.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 78.2 Billion by 2028, exhibiting a growth rate (CAGR) of 2.67% during 2023-2028.

Rolling stock refers to all wheeled vehicles that run on railway tracks and includes both powered and unpowered coaches, carriages, passenger cars and freight wagons. It is considered to be one of the most cost-effective modes of conveyance for commuters as well as for transporting heavy or bulky goods over 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. As a result, it offers extensive applicability in various industries such as oil and gas, automotive, and mining where tank wagons are used to transport multiple deliverables, industrial chemicals, petrol and diesel.

 

 
 

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The increasing urban population and growing industrial mining activities around the world, which have driven the demand for rapid trams, local passenger and fast metro trains, represent the key factors driving the global rolling stock market. People are increasingly opting for public transports as it reduces on-road congestion and provides a time-saving, comfortable and economical mode of transportation. Moreover, the innovations in big data and analytics have assisted industrial Original Equipment Manufacturers (OEMs) and suppliers to streamline their operations and provide digital solutions, real-time monitoring and predictive maintenance solutions to rolling stock users. Furthermore, technological advancements such as magnetic levitation trains (Maglev Trains), application of IoT in communications, signaling, engineering and enhancing onboard experience for the passengers have also catalyzed the growth of the global rolling stock market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global rolling stock market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, locomotive technology and application.

Breakup by Product Type:

 

 
 

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  • Diesel Locomotive 
  • Electric Locomotive
  • Others
     

Breakup by Locomotive Technology:

  • Conventional Locomotive
  • Turbocharge Locomotive
  • Maglev
     

Breakup by Application:

  • Passenger Coach
  • Freight Wagon
     

Breakup by Region:

 

 
 

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  • Europe
  • North America
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Product Type, Locomotive Technology, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global rolling stock market was valued at US$ 66.4 Billion in 2022.

We expect the global rolling stock market to exhibit a CAGR of 2.67% during 2023-2028.

The growing adoption of rolling stock as a cost-effective and time-saving mode of conveyance for commuters and transporting heavy or bulky goods over a long distance is primarily driving the global rolling stock market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for rolling stock.

On a regional level, the market has been classified into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America, where Europe currently dominates the global market.

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Rolling Stock Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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