Rolling stock market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period (2024-2031). The market growth is driven by the increase in allocation of the budget for development of the railways sector, rise in demand for secure, safer, & efficient transport, and increase in use of public transport services. Additionally, increase in development & testing of autonomous train, improvement in railway infrastructure and rise in industrial & mining activity are contributing significantly towards market growth. Also, the rolling stock manufacturers have been working for technological advancement and innovations. The governments are contributing significantly towards market growth.

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The Indian government has allocated a significant budget for railway development in the fiscal year 2024-25. The interim budget for 2024-25 hasRs2.5lakh crore ($30.0 billion)for Indian Railway development. The budget focuses on the implementation of three major economic railway corridor programs aimed at enhancing logistics efficiency and reducing costs. Similarly, a New Railway Operating Plan in China has been implemented from January 2024 for 22,264 Freight trains. South Korea has approved an investment of $100.0 billion over the next 10 years to expand the rail network. This plan aims to increase the capacity of the rail network by 125.0%.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Rolling Stock Market by Type 

Locomotive
Rapid Transit Vehicle
Wagon

Rolling Stock Market by Source

Diesel
Electric

Rolling Stock Market by Applications

Rail Freight
Passenger Rail

Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East & Africa

Company Profiles

Bombardier Aerospace México, SA de CV
CAF (Construcciones y Auxiliar de Ferrocarriles, S.A.)
Chittaranjan Locomotive Works
GE Transportation
Hitachi Rail Ltd.
IHI Corporation
Kawasaki Heavy Industries
MAPNA Group (Wagon Pars Co.)
Nippon Sharyo, Ltd.
PESA Group
PPF Group N.V.
Progress Rail
Siemens Mobility
Stadler Rail AG
TALGO S.L.U.
Tatravagonka a.s. Poprad
The Greenbrier Companies
Trinity Industries Inc.

The Report Covers 

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global rolling stock market Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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