Latest News- Rolling Stock Market in North America: Rapid transit vehicles is expected to lead the Product segment during 2025-2029

The Rolling Stock Market in North America is being driven by Increased demand for freight wagons

The Rolling Stock Market in North America is expected to grow at a CAGR of 4.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1.93 billion. In the North American market, rail transportation for freight is recognized as a more cost-effective and efficient mode of transporting larger volumes of cargo over extended distances compared to other alternatives. Rail transport's efficiency is estimated to be six to seven times greater than road transport, resulting in a significant reduction in pollution, ranging from 30% to 80%. The rail travel cost is only slightly higher than vehicle travel, making it an appealing choice for governments to prioritize for freight transportation. Companies in this sector have consistently focused on reducing customer costs by increasing train tonnage over the past decade. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Rapid transit vehicles
  • Railroad cars
  • Locomotives
• Type
  • Rail freight
  • Rail passenger
• Component
  • Wheels and axles
  • Suspension systems
  • Braking systems
  • Power and transmission systems
  • Others
• Geography
  • North America
    • Canada
    • Mexico
    • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased demand for freight wagons
• Growing urbanization and emerging PPP model
• Increasing investments in rail transportation

However, the market also witnesses some limitations, which are as follows:

• Stringent safety and environmental regulations for rolling stock
• Growing competition faced by railway industry from low-cost airlines
• Increasing maintenance and repair costs of rolling stock

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Market Scope in Rolling Stock Market in North America Research Report

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Research Analysis Overview

In North America, the rolling stock market encompasses railway infrastructure, including government agencies and private entities, that manage railway networks. Rolling stock vehicles, such as locomotives, freights, wagons, and rapid transit vehicles, are manufactured by OEMs and operated by rail companies. Technological advancements, like computer vision and artificial intelligence, enhance trains with low-floor designs, Wi-Fi, and improved air quality. Population growth in urban areas necessitates upgrading transportation and network infrastructure, addressing inadequate infrastructure and improving overall rolling stock performance.

Market Research Overview

In the North American rail transportation market, vendors specialize in providing comprehensive logistics solutions for both freight and passenger rail services. This market encompasses a diverse range of offerings, including tank wagons, goods wagons/freight cars, boxcars or covered wagons, flatcars or flat wagons, well wagons/low-loader wagons, refrigerator vans, hopper wagons, open wagons, wagons with an opening roof, wagons for containers, high-speed trains, regional and commuter trains, cross-border rail transportation services, metro and trams, and light rail vehicles (LRVs), monorails, and locomotives. The rail transportation industry is fragmented, with multiple stakeholders involved in asset management, operations, marketing and sales, and service. Government agencies and private entities alike rely on the expertise of these vendors to efficiently move goods and passengers across long distances.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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