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Locomotive Rolling Stocks Demand To Accelerate Above 4% CAGR By 2031

Rolling Stocks

Fact.MR’s report projects the global rolling stocks market to surpass US$ 77 Bn, expanding at over 4% CAGR across the 2021-2031 forecast period. The focus of manufacturers on offering quick and comfortable transportation alternatives is driving growth.

Historically, from 2016-2020, sales of rolling stocks garnered a market revenue surpassing US$ 50 Bn. Due to the lockdowns imposed by COVID-19, the industry suffered a setback as the global transportation sector experienced significant constraints. Fortunately, demand for essential products and services such as food and pharmaceutical products largely sustained global rolling stock demand.

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Rolling Stocks Market Insights Segmentation

By Region

By Application

Key Takeaways from the Market Study

“Increasing demand for comfort during train travel is prompting manufacturers to introduce lightweight yet robustly designed locomotives and coaches, spurring the demand for rolling stocks.” says the Fact.MR analyst.

Competitive Landscape

Manufacturers of rolling stock are focusing on providing agility, comfort and fuel efficiency.

 

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