MarkNtel Advisors recently published a detailed industry analysis of the Rolling Stock & Component Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Rolling Stock & Component Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Rolling Stock & Component Market size is estimated to grow at a CAGR of around 6.98% during the forecast period, i.e., 2024-30.
What are the major Driver the Rolling Stock & Component industry?
Increasing Investment in Railway Infrastructure to Boost the Demand for Global Rolling Stock & Component Market – Governments across developing countries have been making substantial investments in railway infrastructure development in their countries. This is primarily aimed at the modernization of the existing railway infrastructure, including advanced signal systems. Also, governments are focussing on the replacement of aged infrastructure, including railcars, wagons, etc., to uplift the safety of railway infrastructure. Hence, the rising investment in railway infrastructure upgrades acted as a major market driver, owing to which, the demand for rolling stock & its components has also increased during the past years.
In addition to this, governments across countries like India, China, and Canada, among others, are also focussing on the expansion of their railway tracks. This expansion is primarily aimed to expand the reach of railways in remote areas as well as to enhance rail transport connectivity in their respective countries. In addition, the expansion of new tracks would also focus on the modernization of existing rail infrastructure, to develop railway tracks that can accommodate advanced and high-speed locomotives, wagons, etc. For instance,
In 2023, The Federal Railroad Administration (FRA) of the US allocated an investment of USD1.4 billion, aimed at the expansion of the regional rail corridor, aimed for both passenger & freight rail
Hence, with increasing investments in railway infrastructure development, the demand for rolling stock & its components would also escalate in the coming years.
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What segments define the Rolling Stock & Component market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
- By Rolling Stock Type
- Locomotives- Market Size & Forecast 2019-2030F (USD Million)
- Diesel Locomotive- Market Size & Forecast 2019-2030F (USD Million)
- Electric Locomotive- Market Size & Forecast 2019-2030F (USD Million)
- Electro-Diesel Locomotive- Market Size & Forecast 2019-2030F (USD Million)
- Rapid Transit
- Diesel Multiple Units (DMUS) – Market Size & Forecast 2019-2030F (USD Million)
- Electric Multiple Units (EMUS) – Market Size & Forecast 2019-2030F (USD Million)
- Light Rails/Trams- Market Size & Forecast 2019-2030F (USD Million)
- Subway/Metros- Market Size & Forecast 2019-2030F (USD Million)
- Monorails- Market Size & Forecast 2019-2030F (USD Million)
- Others (Wagons, Hyperloops, etc.) – Market Size & Forecast 2019-2030F (USD Million)
- Locomotives- Market Size & Forecast 2019-2030F (USD Million)
- By Component Type
- Propulsion Systems- Market Size & Forecast 2019-2030F (USD Million)
- Engines- Market Size & Forecast 2019-2030F (USD Million)
- Traction Motors- Market Size & Forecast 2019-2030F (USD Million)
- Gearboxes- Market Size & Forecast 2019-2030F (USD Million)
- Auxillary Power Systems- Market Size & Forecast 2019-2030F (USD Million)
- Train Control Systems – Market Size & Forecast 2019-2030F (USD Million)
- Electric Control Units- Market Size & Forecast 2019-2030F (USD Million)
- Signaling Systems- Market Size & Forecast 2019-2030F (USD Million)
- Braking Systems- Market Size & Forecast 2019-2030F (USD Million)
- Brake Discs & Pads- Market Size & Forecast 2019-2030F (USD Million)
- Brake Control Units- Market Size & Forecast 2019-2030F (USD Million)
- Train Interior Systems- Market Size & Forecast 2019-2030F (USD Million)
- Cabin Interiors- Market Size & Forecast 2019-2030F (USD Million)
- HVAC- Market Size & Forecast 2019-2030F (USD Million)
- Lighting Systems- Market Size & Forecast 2019-2030F (USD Million)
- Electrical Systems- Market Size & Forecast 2019-2030F (USD Million)
- Batteries- Market Size & Forecast 2019-2030F (USD Million)
- Communication Systems- Market Size & Forecast 2019-2030F (USD Million)
- Pantographs- Market Size & Forecast 2019-2030F (USD Million)
- Traction and Transmission Systems
- Axles & Wheelsets- Market Size & Forecast 2019-2030F (USD Million)
- Shafts & Couplers- Market Size & Forecast 2019-2030F (USD Million)
- Others (Bearings, Fuel systems, etc.) – Market Size & Forecast 2019-2030F (USD Million)
- Propulsion Systems- Market Size & Forecast 2019-2030F (USD Million)
According to report, Among these, Train Control Systems have been gaining a prominent share in the Global Rolling Stock & Component Market.
- By Locomotive Technology
- Conventional Locomotives- Market Size & Forecast 2019-2030F (USD Million)
- Turbocharged Locomotives- Market Size & Forecast 2019-2030F (USD Million)
- Maglev Locomotives- Market Size & Forecast 2019-2030F (USD Million)
- By Application
- Passenger Transportation- Market Size & Forecast 2019-2030F (USD Million)
- Freight Transportation- Market Size & Forecast 2019-2030F (USD Million)
According to report, Out of these applications, freight transportation has gained substantial market share in recent years.
Explore the Complete Rolling Stock & Component Market Analysis Report – https://www.marknteladvisors.com/research-library/rolling-stock-component-market.html
Geographical Analysis: Rolling Stock & Component Market
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Rolling Stock & Component Market Share & Competitive Landscape:
The Rolling Stock & Component Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Rolling Stock & Component Market are:
- CRRC Corporation Limited
- Alstom SA
- Siemens AG
- Kawasaki Heavy Industries
- Stadler Rail AG
- Rolling Stock Component Company Profiles
- Wabtec Corporation
- CAF, Construcciones y Auxiliar de Ferrocarriles, S.A.
- Mitsubishi Corporation
- Allied CAT (Caterpillar Brand)
- Transmash Holding
- Titagarh Wagons
- Hitachi Rail Ltd.
- WOOJIN Electric Machinery Co., Ltd.
- ABB Group
- DEUTA-WERKE GmbH
- Deutsche-Bahn
- Echjay Forgings Pvt. Ltd.
Rolling Stock & Component Industry Recent Development:
- 2024: CRRC Corporation Limited has signed an agreement with Acemil, with an aim to open new production facilities in Hungary for rolling stock production.
- 2024: Alstom SA announced its plans to supply DB Regio AD with 18 modern Coradia Max electric multiple-unit trains. This will include 9 three-car and 9 five-car trains, which will start operating on the railway line between Hamburg & Rostock.
Questions Addressed in this Study
1.What factors are driving the Rolling Stock & Component Market growth?
2.How is the Rolling Stock & Component Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Rolling Stock & Component Market?
4.What is the current size of the Rolling Stock & Component Market, and how is it projected to change in the future?
6.What is the future outlook for the Rolling Stock & Component Market in terms of technological advancements and market expansion?
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