The global railway rolling stock market is anticipated to flourish at an opulent CAGR of 4.1% throughout the forecast period. The market size is estimated to be around US$ 61,504.8 million for the current year 2023. By the end of the projection period, the total supply of these products would reach around US$ 91,921.3 million in the international market.
According to the historical analysis conducted by Future Market Insights, the global railway rolling stock market calculated a CAGR of 2.3% during the time span of 2018 to 2022. Furthermore, the overall valuation of the market reached US$ 58,800 million by the end of 2022.
Recent advancements within the railway sector such as the adoption of high-end railcars have shifted the market orientation significantly. Furthermore, prominent market players are focusing on the production and supply of specialized railway rolling stocks to get higher returns. In addition to that, the proliferation of online trade channels after the pandemic effect has also accelerated the global railway rolling stock market growth rate in present years.
According to the earlier records of the railway rolling stock market survey report, the net worth of the global railway rolling stock market was estimated at around US$ 53,687.7 million in the year 2018. The market witnessed positive growth in the following years as well. Over the upcoming years, widespread adoption of metro and subway trains will take place globally. All the major cities will contribute greatly towards fueling the global railway rolling stock market growth. Likewise, the growing demand for high-speed trains around the world has forced many prominent players to change their business models.
For more information: https://www.futuremarketinsights.com/reports/railway-rolling-stock-market
Competitive Landscape
Market players with excessive capital and hands-on technology know how to outcompete their rivals. One of the leading factors that influence the studied market expansion is the encouragement of regional players by their respective governments.
Increasing focus on public transport systems is anticipated to provide immense opportunities for newly entering market players. Moreover, federal assistance in many emerging economies to strengthen the domestic railway asset supply has also motivated several industries to enter the market.
Governments all over the globe are spending excessively on infrastructure development for the overall growth of their economy. Furthermore, this trend has specifically intensified over recent years. This trend indirectly benefitted the transportation sector including railway rolling stock industries. Further emphasis upgradation of the existing railway sector is anticipated to allow businesses to research and adopt new business models.
Key Players Profiled in the Railway Rolling Stock Market Report
CRRC Corporation Limited
Alstom SA
Siemens AG
GE Transportation
IHI Corporation
PPF Group N.V.
Stadler Rail AG
Tatravoganka A.S. Poprad
Wabtech Corporation
Kawasaki Heavy Industries Ltd.
The Greenbrier Companies, Inc.
The Kinki Sharyo Co., Ltd.
PESA Bydgoszcz SA
MAPNA Group