The rolling stock management global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Rolling Stock Management Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The rolling stock management market size has grown strongly in recent years. It will grow from $51.57 billion in 2023 to $54.88 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to increasing urban populations, government investments, environmental regulations, economic growth, and the expansion of global trade.
The rolling stock management market size is expected to see strong growth in the next few years. It will grow to $70.67 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to sustainable mobility trends, increased rail electrification, government incentives, urban rail expansion, and climate change policies. Major trends in the forecast period include the integration of AI, smart transportation solutions, innovations in digitalization, automation, digital twins, and simulation models.
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Scope Of Rolling Stock Management Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Rolling Stock Management Market Overview
Market Drivers –
Increasing demand for rail transportation is expected to propel the growth of the rolling stock management market going forward. Rail transportation involves the movement of passengers and freight using rail networks, providing an efficient and often environmentally friendly mode of long-distance transport. The demand for rail transportation is rising due to its efficiency, sustainability, and ability to reduce congestion and emissions. Rolling stock management ensures efficient maintenance, reliability, and optimal scheduling of trains, which enhances overall service quality and passenger satisfaction. For instance, in June 2024, according to the Office of Rail and Road, a UK-based non-ministerial government department, in the latest fiscal year (1 April 2023 to 31 March 2024), rail passenger journeys in Great Britain reached 1.61 billion, marking a significant 16% growth from the previous year’s total of 1.38 billion journeys. Therefore, increasing demand for rail transportation will drive the growth of the rolling stock management market.
Market Trends –
Major companies operating in the rolling stock management market are focusing on the integration of artificial intelligence (AI), such as AI rail operations systems, to improve overall operational efficiency and safety. AI rail operations systems in rolling stock management integrate predictive maintenance, real-time monitoring, routing optimization, passenger experience management, and safety enhancements to optimize railway operations. For instance, in June 2024, ADComms, a UK-based provider of transport and mobile telecommunication services, launched Monica Hub, a cutting-edge data aggregation and intelligent software system aimed at revolutionizing rail operations. By seamlessly integrating real-time data from over 70 sources, including on-train sensors, station infrastructure, and the global positioning system (GPS), Monica Hub empowers operators, infrastructure managers, and rolling stock maintainers to deliver exceptional passenger journeys with enhanced efficiency and quality. The platform offers robust analytical tools and customizable features to meet diverse customer needs, ensuring optimized operational performance and customer satisfaction.
The rolling stock management market covered in this report is segmented –
1) By Maintenance Service: Corrective Maintenance, Preventive Maintenance, Predictive Maintenance
2) By Management Type: Railway, Infrastructure
3) By Application Type: Goods Carrier, Passenger Carrier
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Regional Insights –
Europe was the largest region in the rolling stock management market in 2023. The regions covered in the rolling stock management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the rolling stock management market are Hitachi Ltd, CRRC Corporation Limited, Mitsubishi Heavy Industries Ltd, ABB Ltd., Toshiba Infrastructure Systems & Solutions Corporation, Alstom S.A., Thales Group, Kawasaki Heavy Industries Ltd, Wabtec Corporation, Knorr-Bremse AG, Stadler Rail AG, Construcciones y Auxiliar de Ferrocarriles, The Greenbrier Companies Inc., Hyundai Rotem Company, SYSTRA Group, Trinity Industries Inc., Vossloh AG, Amsted Rail Company Inc, Siemens Mobility GmbH, Nippon Sharyo Ltd, Talgo SA, FreightCar America Inc.
Table of Contents
1. Executive Summary
2. Rolling Stock Management Market Characteristic
3. Rolling Stock Management Market Trends And Strategies
4. Rolling Stock Management Market – Macro Economic Scenario
5. Global Rolling Stock Management Market Size and Growth
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32. Global Rolling Stock Management Market Competitive Benchmarking
33. Global Rolling Stock Management Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Rolling Stock Management Market
35. Rolling Stock Management Market Future Outlook and Potential Analysis
36. Appendix
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