NEW
YORK, May 20, 2024 /PRNewswire/ -- The
global rolling stock market in north
america size is estimated to grow by USD 1.69 bn from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
over 3.71% during the forecast period.
For more insights on the forecast market size and
historic data (2018 - 2022) - Download
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (Rapid transit
vehicles, Railroad cars, and Locomotives), Type (Rail freight and
Rail passenger), and Geography (North America)
|
Region
Covered
|
North
America
|
Key companies
profiled
|
ALSTOM SA, American
Industrial Transport Inc., Bombardier Inc., Brookville Equipment
Corp., Caterpillar Inc., COLMAR Technik S.p.a., CRRC Corp. Ltd.,
FreightCar America Inc., General Electric Co., Hitachi Ltd.,
Hyundai Motor Co., National Steel Car Ltd., Railserve Inc. ,
Siemens AG, Stadler Rail Ag, The Greenbrier Companies Inc., Trinity
Industries Inc., United Rentals Inc., Western Train Co., and
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.
|
Segment Overview
This rolling stock market in North
America report extensively covers market segmentation by
- Product
- 1.1 Rapid transit vehicles
- 1.2 Railroad cars
- 1.3 Locomotives
- Type
- 2.1 Rail freight
- 2.2 Rail passenger
- Geography
1.1 Rapid transit vehicles- In the North
American Rolling Stock Market, product segmentation encompasses
various rail vehicles such as tank wagons and those designed for
passenger transportation, including metro trains, light rail
transit vehicles, trams, sleeper coaches, double-decker trains, and
chair cars. The growth of this market segment is propelled by
several factors. Population expansion in urban areas necessitates
the development and enhancement of transportation infrastructure
and network infrastructure. Inadequate infrastructure in major
metropolitan cities, coupled with rising concerns over air quality,
gasoline prices, and traffic congestion, have led governments to
focus on improving public transportation systems. As a result,
there is a significant push towards the adoption of greener
technologies, such as electric locomotives, EMUs, and Diesel
Multiple Units (DMUs), to reduce greenhouse gas emissions and the
carbon footprint of transportation. Rolling stock refurbishment and
fleet expansion are also key areas of investment to address
passenger demand and reliability issues. Train energy efficiency is
a critical consideration in the modernization of vehicles to cater
to the increasing demand for sustainable transportation solutions.
The market is expected to witness substantial growth as countries
in North America invest in urban
transit systems to increase local and regional connectivity and
improve economic activity.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Key Market Trends Fueling Growth
In North America, the rolling
stock market encompasses various modes of rail transportation,
including electric locomotives, EMUs (Electric Multiple Units),
diesel locomotives, and DMUs (Diesel Multiple Units). This sector
focuses on fleet expansion, rolling stock refurbishment, and
modernizing vehicles for both freight and passenger services.
Government agencies and private entities invest in railway
infrastructure and technology advancements, such as computer vision
and artificial intelligence, to enhance train energy efficiency and
reliability. Rolling stock OEMs and rail operators play crucial
roles in this market, addressing rising concerns for carbon
footprint reduction and the shift towards alternative energy
sources, like electricity, to promote a greener
environment.
Market Challenges
• The North
American rolling stock market is capital-intensive, requiring
substantial upfront investments in raw materials like iron,
electrical equipment, and machinery for manufacturing trains and
wagons. Long-term contracts with government agencies and private
entities for passenger and freight services involve significant
capital costs. Technological advancements in computer vision,
artificial intelligence, Wi-Fi, IoT, and big data analytics are
transforming the industry, while safety and environmental
regulations pose challenges. Infrastructure inadequacies, traffic
congestion, and urbanization pressures in major metropolitan areas
drive demand for rail transportation, competing with road and air
transportation.
Research report provides comprehensive data on
impact of trend, driver and challenges - Buy
Report
Research Analysis
The Rolling Stock Market in North
America is a significant sector within the transportation
industry, encompassing various types of railway vehicles such as
locomotives, freight wagons, and rapid transit vehicles. This
market is driven by the demands of both government agencies and
private entities for efficient and advanced railway networks. The
integration of technology, including computer vision and artificial
intelligence, is transforming the industry, enabling the
development of low-floor trains equipped with Wi-Fi and other
modern amenities. The increasing population in urban areas and the
need for improved transportation infrastructure, including network
infrastructure, further fuel the market's growth. However,
inadequate infrastructure in some areas and concerns over air
quality in major metropolitan cities present challenges for market
expansion. Rolling stock OEMs and rail operators continue to
innovate, addressing these challenges and meeting the evolving
needs of the railway sector.
Market Research Overview
The Rolling Stock Market in North
America is a significant sector that focuses on the
production, maintenance, and sale of rail vehicles and related
components. Rolling stock includes locomotives, passenger coaches,
freight cars, and maintenance-of-way equipment. The market is
driven by factors such as increasing freight and passenger traffic,
modernization of existing fleets, and government investments in
infrastructure projects. Technological advancements, including the
integration of IoT and automation, are also transforming the
industry. Additionally, the growing demand for sustainable
transportation solutions is leading to the adoption of electric and
hybrid rolling stock. The market is expected to grow steadily in
the coming years due to these factors.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Rapid Transit Vehicles
- Railroad Cars
- Locomotives
- Type
-
- Rail Freight
- Rail Passenger
- Geography
-
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio