According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Rolling Stock Market - Industry Trends and Forecast to 2028 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.

Global Rolling Stock Market Analysis and Size

The Global Rolling Stock Market is projected to grow at a CAGR of around 4.13% during the forecast period, i.e., 2023-28.

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Some of the major players operating in the Rolling Stock Market are CAF {Construcciones Y Auxiliar De Ferrocarriles, S.A.], Hitachi, Ltd., Alstom, CRRC Corporation Limited, IHI Corporation, Hyundai Corporation, Kawasaki Heavy Industries, Ltd., Nippon Sharyo, Ltd., Mapna Group, ŠKODA TRANSPORTATION a.s., Trinity Rail, Siemens Mobility, The Greenbrier Co., GE Transportation, Wabtec Corporation.

Rolling Stock Market Growth Driver:

Government Efforts toward Integrating Rapid Transit Networks to Reduce Traffic Congestion - Growing disposable incomes of people are leading to the ever-increasing demand for personal mobility and, consequently, rapidly rising road traffic worldwide. Moreover, the insufficient road network infrastructure in urban areas is another aspect leading to increasing road congestion & travel time. As a result, governments & urban planners are actively working on merging rapid transit networks & tramways with the existing city infrastructure. Moreover, the mounting inclination of commuters toward cost-effective, reliable, fast, yet eco-friendly means of transportation has bolstered the popularity of high-speed train networks. Hence, countries like Germany, France, & the UK are promoting the use of rapid transit systems to reduce traffic congestion, while India, China, Egypt, Brazil, & the Gulf nations are massively investing in the development of metros. Hence, these aspects are projected to drive the Global Rolling Stock Market during 2023-28.

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Market Segment and Geographical Analysis

By Product Type

  • Locomotive
  • Rapid Transit Vehicles
  • Wagon
  • Metros
  • Trams
  • Monorails
  • Passenger Coaches
  • Others (Hyperloop, Bullet Trains, etc.)

By Propulsion

  • Diesel
  • Electric

By End User

  • Passenger Transit
  • Cargo Train

By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

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