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What fueled the previous growth in the rolling stock market?

In the past few years, there has been significant growth in the size of the rolling stock market. This market is projected to expand from $61.79 billion in 2024 to $65.64 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. The growth during the historical period can be credited to a rise in demand for mass transportation and intermodal transportation, improvements in the rail transportation system, and the need for efficient and reliable transportation methods.

What will be the rolling stock market size in the future?

The market size for rolling stock is projected to experience substantial expansion in the coming years, increasing to $87.98 billion in 2029 with a compound annual growth rate (CAGR) of 7.6%. The expected increase during this projected period can be accounted for by various factors, including burgeoning urbanization, heightened population density, enhanced usage of automation and digitalization in rolling stock, integration of sustainable energy, more connectivity and the incorporation of Internet of Things (IoT). The prime trends anticipated for this forecast period are the electrification of rail networks, the adoption of maglev technology, priority on energy efficiency, the inclusion of artificial intelligence, and rolling stock that is both modular and customized.

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What main drivers are fueling expansion in the rolling stock market?

The increasing need for energy-saving transportation systems is projected to drive the expansion of the rolling stock market in the future. Energy-saving means of transport allow for the movement of goods and individuals, leading to savings in time, money, and power. Rolling stocks, used in trains, decrease energy usage, and as such, the rising requirement for energy-saving transportation systems escalates the demand for rolling stocks. For instance, per the Council On Energy, Environment And Water, by 2030, one-third of four-wheelers, and half of two-wheelers sold in India would be electric due to the rising need for energy efficiency. These figures are estimated to rise to 75% and 90% respectively by 2050. Hence, the need for energy-efficient transportation systems is fuelling the expansion of the rolling stock market.

What key areas define the segmentation of the global rolling stock market?

The rolling stock market covered in this report 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

Subsegments:

1) By Locomotive: Diesel Locomotive, Electric Locomotive, Hybrid Locomotive

2) By Rapid Transit Vehicle: Light Rail Vehicle (LRV), Metro Or Heavy Rail, Monorail

3) By Wagon: Freight Wagon, Tank Wagon, Hopper Wagon, Flat Wagon

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Who are the dominant players expanding their reach in the rolling stock market?

Major companies operating in the rolling stock market include Alstom Holdings SA, Bombardier Inc., Construcciones y Auxiliar de Ferrocarriles SA, CRRC Corporation Ltd., GE Transportation, Hitachi Ltd., Hyundai Rotem Company, Kawasaki Heavy Industries Ltd., Siemens AG, Stadler Rail AG, Transmash Holding, Electro-Motive Diesel Ltd., Skoda Transportation AS, Talgo SA, Trinity Industries Inc., Wabtec Corporation, Ansaldo STS, PESA Bydgoszcz SA, Newag SA, MAPNA Group, Nippon Sharyo Ltd., Caterpillar, IHI Corporation, Tatravagonka A. S., Virgin Hyperloop, Transpod Inc., Texmaco Rail & Engineering Ltd., Alna Sharyo Co. Ltd., Pesa Group

How are evolving market trends shaping rolling stock Strategies?

Leading enterprises in the rolling stock market are concentrating on creating innovative diesel-battery-electric hybrid locomotives to cater to the necessities for eco-friendly transportation solutions. These hybrid locomotives, combining a conventional diesel engine with electronic battery power, boost energy efficiency and minimize emissions. The diesel engine facilitates lengthy hauls and high-power requirements, whereas the battery powers short distance trips and regenerative braking in areas with low emissions. To illustrate, in October 2023, Progress Rail, an American commuting corporation, launched the EMD GT38H. This model boasts a Caterpillar 3512 diesel engine, coupled with a generator and a lithium-ion battery bank, offering a starting tractive effort of 495 kN and a continuous tractive effort of 402 kN. With a peak speed of 60 km/h and a battery competency of 550 kWh, they allow for regenerative and external battery recharging. Rumo projects fuel savings of up to 45%, along with considerable reductions in particulate matter, NOx emissions, and sound. These locomotives are engineered for demanding terrains, making them ideal for Rumo’s narrow-gauge South Network.

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Which regions are emerging as leaders in the rolling stock market?

Asia-Pacific was the largest region in the rolling stock market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the rolling stock market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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