The Rolling Stock Global Market Report 2023 by The Business Research Company, provides rolling stock market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Rolling Stock Global Market Report 2023, the market size will grow from $53.95 billion in 2022 to $58.67 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of rolling stock market is expected to grow to $72.67 billion in 2027 at a CAGR of 5.5%.
The demand for energy-efficient transport systems is expected to propel the growth of the rolling stock market going forward. Efficient transportation systems allow people and products to move while saving time, money, and energy. Rolling stocks are used in trains and help to reduce energy consumption, as a result, rising demand for energy-efficient transportation systems drives up demand for rolling stocks.
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The rolling stock market is segmented:
1) By Product: Locomotive, Rapid Transit Vehicle, Wagon
2) By Locomotive Technology: Conventional Locomotive, Turbocharge Locomotive, Maglev, Diesel Locomotive, Electric Locomotive, Electro-Diesel Locomotive
3) By Component: Pantograph, Axle, Wheelset, Traction Motor, Auxiliary Power System, Other Components
4) By End User: Passenger Transit, Cargo Train
The conversion of diesel locomotives to electric and electro-diesel locomotives is a key trend gaining popularity in the rolling stock market. Diesel locomotives have a low life span upon conversion of diesel locomotives to electric and electro-diesel locomotives they have a lifespan of 5-10 years more. For instance, in July 2020, The Ministry of Railways ordered Railway Board to downsize Indian Railways’ fleet of diesel locomotives and increase its fleet of electric locomotives.
The rolling stock market report table of contents includes:
1. Executive Summary
2. Rolling Stock Market Characteristics
3. Rolling Stock Market Trends And Strategies
4. Rolling Stock Market – Macro Economic Scenario
5. Rolling Stock Market Size And Growth
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26. Africa Rolling Stock Market
27. Rolling Stock Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rolling Stock Market
29. Rolling Stock Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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