According to a new report, published by KBV research, The Global Rolling Stock Market size is expected to reach $81.3 billion by 2030, rising at a market growth of 5.2% CAGR during the forecast period.
With the increasing digitalization of rail systems, there is a growing emphasis on cybersecurity. Protecting rolling stock and rail infrastructure from cyber threats is a critical trend. Manufacturers and operators are implementing robust cybersecurity measures to ensure the integrity and safety of rail systems. Hybrid rolling stock models are gaining attention, combining different power sources such as diesel and electric. These models provide operational flexibility, especially in regions with limited electrification infrastructure. Hybrid trains balance environmental sustainability and the practicalities of diverse rail networks.
The Electric segment is experiencing a CAGR of 6.3% during (2023 - 2030). Electric trains produce significantly less air and noise pollution compared to diesel locomotives. The absence of diesel exhaust emissions improves air quality along rail corridors, benefiting passengers and communities near railway lines. The quieter operation of electric trains also contributes to a more pleasant and less disruptive urban environment. Regenerative braking systems, in which the braking energy is transformed back into electricity, frequently appear on electric trains. This regenerative braking technology improves energy efficiency by recovering and reusing energy during braking, contributing to overall operational sustainability.
The Wagon segment is leading the Global Rolling Stock Market by Product in 2022; thereby, achieving a market value of $29.5 Billion by 2030. Wagon segments, often referred to as “autoracks,” are specifically designed for the transportation of automobiles. This is crucial for the automotive industry, allowing manufacturers to efficiently transport vehicles from production facilities to distribution centers or dealerships. Wagon segments play a significant role in transporting forest products such as lumber and paper and agricultural products like grain. The open-top design of certain wagons allows for easy loading and unloading of these bulk goods.
The Passenger Rail segment is showcasing a CAGR of 5.7% during (2023 - 2030). Passenger Rail services contribute to tourism and leisure travel by providing scenic and enjoyable journeys. Tourist trains and services designed for leisure travelers enhance the travel experience, attracting tourists and contributing to the local tourism industry. The passenger rail segment emphasizes accessibility, making train travel more inclusive for persons with disabilities. Modern passenger trains are designed with accessible boarding platforms, designated spaces for wheelchairs, and other accommodations to assure a seamless travel experience for all passengers.
Full Report: https://www.kbvresearch.com/rolling-stock-market/
The Asia Pacific region dominated the Global Rolling Stock Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $35.9 Billion by 2030. The Europe region is poised to grow a CAGR of 4.5% during (2023 - 2030). Additionally, The North America region would register a CAGR of 4.7% during (2023 - 2030).
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By Train Type
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