ROLLING STOCK MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Concentration and Competitive Landscape

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Fleet modernization programs by railway operators

Most of the railway networks globally are decades old and the rolling stock in use has completed a major part of its lifecycle. While railway operators focus on operationalizing old assets, there is a need to replace aging fleets with new modern trains that are more energy efficient, reliable and offer enhanced passenger experience. Many developed countries in Europe and Asia have launched massive fleet replacement or modernization programs, which is driving demand for new rolling stock.

Modern trains allow greater fuel efficiency and reduce maintenance costs in the long run. They also promote sustainability goals of railway operators. The interiors feature more dynamic designs, comfortable seating,

• Alstom Transport
• Bombardier Transportation
• Chittaranjan Locomotive Works
• CRRC Corporation Limited
• Construcciones Y Auxiliar DE Ferrocarriles S.A.
• GE Transportation
• Hitachi Rail Systems
• Hyundai Rotem
• Kawasaki Heavy Industries Ltd.
• Siemens Mobility
• Stadler Rail AG
• The Greenbrier Co
• Trinity Rail Group, LLC
• TRANSMASHHOLDING
• Wabtec Corporation