The Global Rolling Stock & Component Market size is estimated to grow at a CAGR of around 6.98% during the forecast period, i.e., 2024-30.
Global Rolling Stock & Component Market Driver:
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.
Download a free sample copy of the Report: https://www.marknteladvisors.com/query/request-sample/rolling-stock-component-market.html
Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
*Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Browse Full Report including (TOC+ List of Table and Figures): https://www.marknteladvisors.com/research-library/rolling-stock-component-market.html
Global Rolling Stock & Component Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- 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)
- 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)
- By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – CRRC Corporation Limited, Alstom SA, Siemens AG, Kawasaki Heavy Industries, Stadler Rail AG, 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., and others
Have questions? Our consultant is ready to assist: https://www.marknteladvisors.com/query/talk-to-our-consultant/rolling-stock-component-market.html
We follow a tried-and-tested research methodology that blends top-down and bottom-up approaches to deliver highly accurate market insights. Every report is powered by data triangulation, ensuring well-rounded and validated findings.
From smart sample selection and reliable data collection to in-depth analysis and precise forecasting, our process is designed to minimize error and maximize impact.
About Us –
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
Contact Us
MarkNtel Advisors
Email: sales@marknteladvisors.com
Website: www.marknteladvisors.com
Latest Press Release – https://www.marknteladvisors.com/press-release