According to the latest report by IMARC Group, titled “Rolling Stock Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global rolling stock market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global rolling stock market size reached US$ 66.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 78.2 Billion by 2028, exhibiting a growth rate (CAGR) of 2.67% during 2023-2028. Rolling stock refers to all-wheeled vehicles that run on railway tracks, including powered and unpowered coaches, passenger cars, carriages, and freight wagons. It is a cost-effective mode of conveyance for transporting heavy and bulky goods as it provides a larger carrying capacity and helps to move commuters over long distances. It can be customized as per the requirement of an individual and provides a larger carrying capacity compared to other forms of transportation. As a result, it is widely utilized across various industries such as mining, automotive, and oil and gas, where tank wagons are utilized for transporting industrial chemicals, petrol and diesel, and multiple deliverables.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Rolling Stock Market Trends:
The increasing mining activities for extracting numerous types of minerals are driving the global market. Furthermore, the increasing investments by the governments of several countries in the expansion of railway fleets and networks to connect remote areas with urban areas are providing a thrust to the market. Moreover, continuous technological advancements, such as the introduction of magnetic levitation trains, the application of the Internet of things (IoT) in communications, signaling, engineering, and enhancing the onboard experience for passengers, is catalyzing the growth of rolling stock across the globe. Other factors, including rapid industrialization and escalating preference for comfortable and economical modes of transportation, are also influencing the market.
Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/rolling-stock-market
Key Market Segmentation:
Breakup by Product Type:
- Diesel Locomotive
- Electric Locomotive
- Others
Breakup by Locomotive Technology:
- Conventional Locomotive
- Turbocharge Locomotive
- Maglev
Breakup by Application:
- Passenger Coach
- Freight Wagon
Competitive Landscape with Key Players:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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