Rolling Stock & Component Market Segment, Companies, Trend & Growth Analysis 2024-30

Global Rolling Stock & Component Market Overview and Insights:

Rolling Stock & Component Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

What is the Future Market Size of the Rolling Stock & Component Industry and its Yearly Growth Rate?

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. The market growth has been driven by the rising preference of consumers toward the adoption of railways for transportation purposes. This is primarily influenced by increasing urbanization, and a growing workforce population, coupled with amplifying traffic congestion across urban cities in recent years. Hence, to avoid traffic congestion across urban cities, consumers have been preferring to use railway networks for transportation purposes. Consequently, as demand for the railway network is growing in urban cities across the globe, its development has also intensified. Therefore, this has been consequently driving the demand for rolling stocks & their components across the globe in recent years.

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Who are the Main Competitors Driving the Global Rolling Stock & Component Market Forward?

The prominent players essentially operating in the Rolling Stock & Component Market are as follows:

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.
Others

What are the key Drivers Defining the Global Rolling Stock & Component Market Size?

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 is the Segmentation of the Global Rolling Stock & Component Market?

The Rolling Stock & Component market covered in this report is segmented –

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)
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)

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)
By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World

Key Questions Answered in the Research Report

What is the predicted Rolling Stock & Component market size and growth rate for the years 2024-30?
What challenges are restricting the growth of the Rolling Stock & Component market?
Which segment accounted for the largest market share in the Rolling Stock & Component market?
Which prominent companies are leading growth in the Rolling Stock & Component market?
In what formats does Markntel Advisors deliver the concerned report descriptions?
How long does it take for customers to receive the reports provided by Markntel Advisors?
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