Latest News- Rolling Stock Market: Rail freight is expected to lead the Application segment during 2025-2029

The Rolling Stock Market is being driven by Growing e-commerce boosting rolling stock market

The Rolling Stock Market is expected to grow at a CAGR of 4.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 13.53 billion. In the rolling stock market, there is a significant shift towards electrification and hybrid technologies to minimize emissions and enhance energy efficiency. The adoption of electrified railways, including high-speed and urban transit systems, is on the rise. Hybrid locomotives, which integrate diesel and electric power, are also gaining traction. Electrified rail systems generate fewer greenhouse gas emissions than diesel-powered alternatives, aligning with global initiatives to decrease carbon footprints and combat climate change. As environmental concerns escalate, the need for electric rolling stock intensifies. High-speed rail networks, which are predominantly electrified for efficiency and speed, are expanding in regions such as Europe and Asia, fueling the demand for sophisticated electric rolling stock. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Rail freight
  • Rail passenger
• Type
  • Diesel
  • Electric
  • Electro-diesel
• Product
  • Locomotive
  • Rapid transit vehicle
  • Wagon
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • US
  • South America
  • Middle East and Africa

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

• Growing e-commerce boosting rolling stock market
• Introduction of new railway projects
• Growing investment in urban rail transit

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

• High capital costs in rolling stock manufacturing
• Delay in railway project development and execution
• Growing competition in railway industry from low-cost airlines

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Market Scope in Rolling Stock Market Research Report

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Research Analysis Overview

The Rolling Stock Market is witnessing significant changes with the fluctuating oil prices impacting the industry. Rolling stock vehicles, including the Coast Starlight, are transitioning towards greener transportation through electrification and hydrogen fuel. Railway networks and services facilities are embracing energy conservation and efficiency, with mechanical brakes giving way to railway telematics. Governments are implementing EV policies to reduce carbon emissions, making energy efficiency a priority in rail travel.

Market Research Overview

In the rail transportation industry, vendors provide specialized services for freight logistics and long-distance passenger transport. This sector encompasses various rail transportation categories, such as 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). The market for rail transportation is fragmented, consisting of several tiers, including asset management, operations, marketing and sales, and service. Current industry trends focus on greener transportation solutions, such as hydrogen fuel and battery-operated rolling stock, as well as energy conservation measures like mechanical brakes and electricity optimization. Oil prices significantly impact the rail transportation sector due to the energy requirements of traditional diesel locomotives.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/