Rolling Stock Management Market Scope And Analysis

Report Code : TIPRE00006444
Category : Automotive and Transportation

Status : Published
No. of Pages : 180

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Rolling Stock Management Market Analysis Report 2023 to 2028

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Rolling Stock Management Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 48.57 Billion
Market Size by 2028	US$ 68.76 Billion
Global CAGR (2022 - 2028)	6.0%
Historical Data	2020-2021
Forecast period	2023-2028
Segments Covered	By Management Type Rail Management and Infrastructure Management By Maintenance Service Corrective Maintenance Preventive Maintenance Predictive Maintenance
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Alstom SA ABB Ltd Hitachi Rail Ltd Mitsubishi Electric Corp Siemens Mobility GmbH Talgo SA Thales SA Toshiba Infrastructure Systems and Solutions Corp Trimble Inc

Recent Developments: Rolling Stock Management Market

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the rolling stock management market. A few recent key rolling stock management market developments are listed below:

In 2023, Alstom signed a contract with the Port Authority of New York and New Jersey and Newark Liberty International Airport to provide operations and maintenance services for its Innovia monorail system—AirTrain Newark—for the next seven years by January 2030. The contract is valued more than US$ 260 million and includes an option for one additional year.
In 2023, ABB received US$ 170 million in orders from Stadler, a Swiss-Swedish multinational company, to power more than 300 new trains and locomotives. The trains were used across various European railway networks to modernize and reinforce train transportation in countries such as the UK, Spain, Portugal, Germany, and Austria, as well as in a few European railway corridors.
In 2023, Siemens Mobility delivered 1,200 electric locomotives and promised 35 years of full-service maintenance. This is considered the single largest locomotive order in the history of Siemens Mobility as well as Siemens India. With this, Siemens Mobility has strengthened its position in the market.
In 2022, Thales demonstrated new train technology to stakeholders that made the UK rail network safer for track workers, train crews, and passengers. Thales worked with Network Rail and the West Somerset Railway (WSR) to run a live demonstration of its Train Protection and Warning System-Continuous Supervision (TPWS-CS).