Rolling Stock & Component Market Size & Value Forecast with Trends to 2030
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.
Market Overview:
This report presents an extensive evaluation of the Rolling Stock & Component Market, focusing on historical data from 2019 to 2022 while offering detailed forecasts for the period between 2024 to 2030. The analysis encompasses various aspects, including market Size, Share, Growth, Analysis, Trends and competitive insights.
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Table of Contents (Rolling Stock & Component Market)
- Executive Summary
- Market Definition & Research Methodology
- Market Dynamics: Drivers, Challenge, Trend and Opportunities
- Segment Analysis and Geographical Breakdown
- Competitive Landscape & Strategic Initiatives
- Regulatory Environment & Policy Factors
- Growth Forecast Model (2025–2030)
- Appendix: Company Profiles, Data Sources, Methodology
What’s covered in the report?
Market Key Driver:
Gradual Inclination Toward Electric Railway Transport Across the Globe – Over the historical years, there has been a gradual inclination of railway departments across the globe towards the electrification of railway infrastructure. This is primarily aimed at reducing carbon emissions in the railway sector, to achieve net zero targets. Hence, as the demand for clean, and sustainable transportation is growing, it has accelerated the development of electrified rail infrastructure. Also, as electric rail systems are highly efficient, their development has emerged as a substantial market trend in recent years. Thus, with the increasing adoption of electric rail infrastructure, the demand for rolling stocks & their components has also increased across the globe.
Moreover, the electrification of railway infrastructure also allows the integration of advanced signaling solutions, predictive maintenance solutions, etc. These components play a major role in amplifying the efficiency of rail infrastructure, through reducing its maintenance cost and increasing long-term savings. Hence, this would further escalate the adoption of an electrified railway transport network, which would result in uplifting the demand for advanced rolling stock & its components in the coming years.
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Leading players of Rolling Stock & Component Market 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.
Rolling Stock & Component Market Segmentation:
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
By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Asia-Pacific has been experiencing consistent growth in the Global Rolling Stock & Component Market. This is primarily due to the presence of nations like India, Japan, etc.
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Key Highlights of MarkNtel Advisors' Research Methodology
- MarkNtel Advisors uses a robust methodology for accurate market analysis.
- Research objectives are clearly defined with tailored methodologies for clients.
- A representative sample is selected to ensure reliable data collection.
- Data analysis includes cleaning, statistical evaluations, and validation checks.
- Predictive modeling forecasts trends, and reports include strategic recommendations.
About MarkNtel Advisors:
We are a leading market research firm providing research, consulting, and data-driven intelligence to clients across diverse industries globally. Our reports are tailored to help businesses identify lucrative opportunities and mitigate potential risks using actionable insights.
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