Rolling Stock Market Update Report 2024 | Industry Trends, Demand, Leading Companies and Segmentation till 2032
Rolling Stock Market Update Report 2024 | Industry Trends, Demand, Leading Companies and Segmentation till 2032
Blog Article
Rolling stock market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period (2024-2031). The market growth is driven by the increase in allocation of the budget for development of the railways sector, rise in demand for secure, safer, & efficient transport, and increase in use of public transport services. Additionally, increase in development & testing of autonomous train, improvement in railway infrastructure and rise in industrial & mining activity are contributing significantly towards market growth. Also, the rolling stock manufacturers have been working for technological advancement and innovations. The governments are contributing significantly towards market growth.
Get Free Sample link @ https://www.omrglobal.com/request-sample/rolling-stock-market
The Indian government has allocated a significant budget for railway development in the fiscal year 2024-25. The interim budget for 2024-25 hasRs2.5lakh crore ($30.0 billion)for Indian Railway development. The budget focuses on the implementation of three major economic railway corridor programs aimed at enhancing logistics efficiency and reducing costs. Similarly, a New Railway Operating Plan in China has been implemented from January 2024 for 22,264 Freight trains. South Korea has approved an investment of $100.0 billion over the next 10 years to expand the rail network. This plan aims to increase the capacity of the rail network by 125.0%.
full report of Rolling Stock Market available @ https://www.omrglobal.com/industry-reports/rolling-stock-market
- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Rolling Stock Market Report Segment
By Type
- Locomotive
- Rapid Transit Vehicle
- Wagon
By Source
- Diesel
- Electric
By Applications
- Rail Freight
- Passenger Rail
Global Rolling Stock Market Report Segment by Region
North America
- United States
- copyright
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
The rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global rolling stock market Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/rolling-stock-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected]
Contact no: +91 780-304-0404 Report this page