Rolling Stock Market Segmentation:
Type Segment Analysis
The global rolling stock market is segmented and analyzed for demand and supply by type into electric, and diesel. Out of the two types of rolling stock, the electric segment is estimated to gain the largest market share in the year 2035. The growth of the segment can be attributed to the surging need to opt for an environmentally friendly option that emits less carbon monoxide emissions as compared to diesel rail. Moreover, the global warming issue has been a great concern for different means of transportation, and the regulatory authorities are taking necessary actions to reduce the emissions. Therefore, it is anticipated to boost the growth of the segment in the region. For instance, diesel, in particular, plays a much larger role in freight rail, accounting for roughly two-thirds of total energy consumption globally in 2021. In the Net Zero Scenario, continuous progress on freight electrification will reduce this share to around 40% by 2030, as per the International Energy Agency.
End-user Segment Analysis
The global rolling stock market is also segmented and analyzed for demand and supply by end-user into passenger transit, and cargo train. Out of these, the cargo train segment is anticipated to hold the significant share over the forecast period. The growth of the segment can be attributed to the increasing use of rolling stock as a reliable source for transporting goods from one location to another. Moreover, it is an effective way of transportation used for industrial as well as commercial goods, that is expected to drive the segment’s growth in the market. In addition, the rolling stock is used for international or domestic trade, along with the support through government funding, that is further projected to expand the growth of the segment in the market.
Our in-depth analysis of the global rolling stock market includes the following segments:
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By End Use |
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By Type |
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By Product |
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