MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Rolling Stock & Component Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Rolling Stock & Component Market: 2024-2030
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.
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What are the primary factors driving the growth of the Rolling Stock & Component market?
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.
Rolling Stock & Component Market Segmentation:
The Rolling Stock & Component market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Rolling Stock Type
-Locomotives
–Diesel Locomotive
–Electric Locomotive
–Electro-Diesel Locomotive
-Rapid Transit
–Diesel Multiple Units (DMUS)
–Electric Multiple Units (EMUS)
–Light Rails/Trams
–Subway/Metros
–Monorails
-Others (Wagons, Hyperloops, etc.)
By Component Type
-Propulsion Systems
–Engines
–Traction Motors
–Gearboxes
-Auxillary Power Systems
-Train Control Systems
–Electric Control Units
–Signaling Systems
-Braking Systems
–Brake Discs & Pads
–Brake Control Units
-Train Interior Systems
–Cabin Interiors
–HVAC
–Lighting Systems
-Electrical Systems
–Batteries
–Communication Systems
–Pantographs
-Traction and Transmission Systems
–Axles & Wheelsets
–Shafts & Couplers
-Others (Bearings, Fuel systems, etc.)
- Among these, Train Control Systems have been gaining a prominent share in the Global Rolling Stock & Component Market.
By Locomotive Technology
-Conventional Locomotives
-Turbocharged Locomotives
-Maglev Locomotives
By Application
-Passenger Transportation
-Freight Transportation
Geographical Analysis into the Rolling Stock & Component Market:
- North America
- Europe
- Asia-Pacific
- Rest of the World
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Competitive Landscape and Rolling Stock & Component Market Share Analysis:
The competitive landscape of the Rolling Stock & Component market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players 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
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.
Questions Addressed in this Study
- What factors are driving the Rolling Stock & Component Market growth?
- How is the Rolling Stock & Component Market expected to grow over the next five years?
- What are the key insights into the current trends in the Rolling Stock & Component Market?
- What is the current size of the Rolling Stock & Component Market, and how is it projected to change in the future?
- What is the future outlook for the Rolling Stock & Component Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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