Rolling Stock Market Growth Analysis 2022-2028

1. Rolling Stock Market- Global Industry Size, Share, Growth, Opportunity and Forecast, 2022-2028

2. Rolling Stock Market- Industry Trends & Forecast Report 2028 A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global rolling stock market was worth USD 54 billion in 2021 and is forecast to reach USD 73 billion by 2022. The rolling stock market is gaining significant traction owing to the rising demand for convenient public transportation infrastructure owing to increasing population and rapid urbanization. Furthermore, expanding goods production and flourishing import and export activities are also emerging as major driving factors for the rolling stock market. However, the high initial investment involved in the procurement of rolling stock and railway infrastructure development may act as a huge restraining factor for the market.

3. Growth Drivers  Increasing Demand for Convenient Public Transport Railways are the most preferred type of public transportation since train travel is hassle-free, convenient, as well as economical for both short and long journeys. It also proves to be economical for the country as well since the cost per passenger is very low compared to other types of transportation. Furthermore, railways have a very diverse interconnected network of trains that allows the passengers to travel to any destination within the country. Due to these advantages, the investment in railways is rising, further propelling the growth of the rolling stock market.

4. Restraints  High Initial Capital Investment The procurement of rolling stock products and components require high investment and therefore will need financial assistance from local as well as central government. This is why the development of the railway system and other public transportation infrastructure in a country is usually concentrated among public authorities only. This high initial investment often impedes countries, especially middle and lower-income economies, from spending on new rail vehicles, which is acting as a major restraint for the growth of the rolling stock market.

5. Impact of COVID-19 The entire automotive industry, including the rolling stock market, was negatively impacted by the unprecedented COVID-19 pandemic outbreak. Almost all the major rolling stock manufacturers suspended their production activities in the light of increasing COVID-19 infection rates and the need to implement social distancing norms. Furthermore, the railway infrastructure development investment and activities were all halted during the pandemic period due to the rising focus on healthcare infrastructure. All these factors significantly hindered the growth of the rolling stock market.

6. Regional Insights Geographically, the rolling stock market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Europe holds the largest share in the rolling stock market owing to the high government and private spending on public mobility infrastructure development. Furthermore, the high concentration of leading rolling stock markets such as Skoda Transportation, Bombardier, Siemens Mobility, Alstom, etc., also plays a crucial role in proliferating the market growth in the forecast period. Moreover, the Asia-Pacific region is projected to witness a high growth rate during the forecast period.

7. Competitive Landscape The leading market players of the rolling stock market are CRRC Corporation Limited, Alstom SA, Siemens Mobility, Bombardier Transportation, Stadler Rail, Hyundai Rotem, Trinity Industries Inc., CJSC Transmashholding, Wabtec Corporation, Kawasaki Heavy Industries Ltd, DescriptionConstrucciones y Auxiliar de Ferrocarriles SA, Mitsubishi Heavy Industries Ltd., Hitachi Railway Systems, GE Transportation, and other prominent players. Sample Copy: https://www.blueweaveconsulting.com/report/rolling-stock-market/report-sample

8. Recent Development In January 2022,Stadler Rail, a Swiss railway rolling stock manufacturer, bagged the 4 billion euros contract to supply 504 vehicles as part of the VDV ‘Tram-Train’ project by six transport companies from Germany and Austria. In December 2021,Alstom SA, a French multinational rolling stock manufacturer, announced to have won a USD 395 million rolling stock contract from Santiago’s metro line No. 7.

9. Key Players CRRC Corporation Limited, Alstom SA, Siemens Mobility, Bombardier Transportation, Stadler Rail, Hyundai Rotem, Trinity Industries Inc., CJSC Transmashholding, Wabtec Corporation, Kawasaki Heavy Industries Ltd, DescriptionConstrucciones y Auxiliar de Ferrocarriles SA, Mitsubishi Heavy Industries Ltd., Hitachi Railway Systems, GE Transportation, and other prominent players.

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