The Rolling Stock Market Trends & Analysis Report 2023 provides a comprehensive overview of the global rolling stock market. It examines the current trends, drivers, and challenges impacting the market as well as provides forecasts for its growth over the next 10 years – up to 2030. This report projects that, by 2030, the global rolling stock market will have grown to a staggering $96.58 billion.
Moreover, government initiatives to upgrade existing infrastructure are likely to further drive the demand for rolling stock in the foreseeable future.
Rolling Stock what it entails
Rolling stock is the collective term for locomotives and carriages. These locomotives are traditionally powered by either electricity or diesel. However, in recent years rising crude oil prices and growing environmental concerns about carbon emissions have seen electricity-powered rolling stock increasingly viewed as a viable alternative to diesel-operated rolling stock. This shift has been reflected in government policies of countries such as India, South Korea, Norway, and Canada, which are aiming to completely electrify their railway networks.
This report examines key components of the rolling stock market such as locomotives, passenger cars, freight cars and wagons, metro coaches, and trams. Additionally, it assesses emerging technologies such as energy-efficient materials and digitalization which are likely to disrupt existing business models in this sector.
