Rolling Stock Management Market

Rolling Stock Management Market Size (2023-2028):

The Global Rolling Stock Management Market was worth US$ 61.01 billion in 2022 and is anticipated to reach a valuation of US$ 82.51 billion by 2028 and is predicted to register a CAGR of 5.42% during 2023-2028.

Growing concerns in safety, inspection, and maintenance within the transportation sector have led to the expansion of the rolling stock management market. This includes not only the actual fact of reducing future costs but also mitigating normal maintenance methods. Transport is often carried out by air, road or rail, but its efficiency and its effects on the environment. Emerging countries support the railroad as a suitable means of mass transportation for passengers and cargo.

Market Drivers:

The main factors influencing the expansion of the global rolling stock management market include the growing demand for product transportation, increased spending on rapid transportation systems, and investments in rail infrastructure projects by developing nations around the entire world. In addition, the transport of goods in wheeled vehicles is reasonable, faster, and involves fewer insurance costs than road transport. The increase in high-speed rail networks in developing countries and the demand for energy-efficient transport together with the demand for safety and luxury are the factors that will drive the growth of the rolling stock management market.

Market Restraints:

A high initial investment likely to adopt the wheeled vehicle management system can be a key constraining factor in the market. This is supposed to be a serious hurdle to the market during the forecast period. In addition, several countries still use conventional fuel-powered trains, such as diesel and coal locomotives, which are harmful to the environment. They should be banned during the forecast period. This in turn is believed to limit the market for the management of rolling stocks.

Market Recent Developments:

• Indian Railways is in the process of consolidating its manufacturing units and workshops into a Public Sector Replacement Unit (PSU) - an Indian Railway Wheeled Vehicle Company. The power pack will be structured on the model of the Chinese manufacturer of wheeled vehicles PSU CRRC Group.
• China's largest high-speed rail manufacturer has announced that its first $ 63.4 million venture capital plant in India to repair and manufacture locomotive engines has begun operations.
• The Beena Vision group of programming and gadgets from Trimble Rail and Nexala are planned for the administration of rail transport resources, including activity, support, and fixing.

ROLLING STOCK MANAGEMENT MARKET REPORT COVERAGE:

Market Segmentation:

Rolling Stock Management Market - By Management:

• Rail Management
• Infrastructure Management

The railway management system can be a reliable, substantial, secure, and efficient approach to managing the entire railway infrastructure. It involves path projects that include tasks, investments, and deadlines for network interventions; route asset approaches to managing the included asset during a specific route; and distribution schedules. Rail Asset Management System helps freight managers, rail operators, passengers, and infrastructure managers to solve issues such as improving service availability such as performance and mobile usage, increased reliability and punctuality, and bonded and linear assets, alongside reduced service availability.

Rolling Stock Management Market - By Rail Management:

• Remote Diagnostic Management
• Wayside Management
• Train Management
• Asset Management
• Cab Advisory

Remote diagnostic management provides comprehensive information on components, controls, and the entire train system from a variety of distances. This management processes large data and provides a complete analysis of the condition. This saves time in operations and maintenance. Remote diagnostic management facilitates rail maintenance management for planning protective and corrective maintenance. These solutions allow proactive management and maintenance of all railway assets. The technical installations of this solution include real-time remote diagnostics, component condition monitoring, and onboard condition monitoring. It also includes major monitoring and reporting capabilities that help support the entire lifecycle management of railway assets. This helps to dramatically improve maintenance strategies and planning

Rolling Stock Management Market - By Infrastructure:

• Control Room Management
• Station Management
• Automatic Fare Collection Management

Market Reginal Analysis:

The Global Rolling Stock Management Market Report includes the segmentation of regions:

• North America - U.S, Canada
• Europe - Norway, Germany, Sweden
• Asia Pacific - China, India, Japan
• Latin America - Brazil, Mexico, Argentina
• Middle East and Africa - Middle East, Africa

The European region should be dominated by countries like Germany, France, and the United Kingdom. It is estimated that technological advancements and the demand for the long-term operation of wheeled vehicles without failures and errors would boost the market for rolling stock management in Europe. The ECU region has been at the forefront of technological innovation in the management of wheeled vehicles. The investment projects undertaken for infrastructure and transport have fueled the search for services that will extend the life cycle of assets, which in turn will affect the flow of railway working conditions and vehicle components. The main reasons for the technological upgrade in the management of rolling stocks include the need to improve the logistics infrastructure of countries in the Middle East and Africa as they strive to diversify their economies from their current dependence on the oil and gas sector and to make urban transport efficient in growing cities. The abundant natural resources in the area are foreseen to promote the demand for the rolling stock management market in the future. Most countries in the Middle East and Africa specialize in expanding the general rail network or modernizing the rail network infrastructure.

Impact of Covid-19 On the Rolling Stock Management Market:

In this 2020 first quarter, we can see a revenue decline compared with the earlier year. This decay underlines that, as in numerous segments, the effect of COVID-19 is being felt emphatically in the worldwide rail industry and further away from home. In spite of the fact that the effect isn't equivalent in each locale, this will be examined later. Yet at the same time, the quantity of railroad vehicles requested in 2020 Q1, paying little mind to the sort, is as yet over the normal of the most recent five years term. With CAGR esteem still around 7.82%, the projection of the rolling stock market is as yet indicating a hopeful pattern, however, this can't be overgeneralized in all the areas on the planet.

Market Key Players:

1. Alstom S.A.
2. Siemens Mobility 
3. Bombardier Transportation 
4. General Electric 
5. ABB
6. Hitachi 
7. Mitsubishi Heavy Industries
8. Talgo 
9. Thales Group
10. Tech Mahindra