Want to learn more? Visit The global rolling stock market is predicted to reach US$68.71 billion by 2023, growing at a CAGR of 4.40% for the period spanning 2018-2023. Rolling stock refers to the wheeled vehicles that run on railway tracks. In a rail transport system, rolling stock faces lesser frictional resistance as compared to rubber-tired road vehicles, so that the passenger and freight cars can be joined together to form longer trains. Rolling stock includes vehicles such as passenger coaches, locomotives and freight wagons.
The growth in the market for rolling stock is expected to be driven by factors such as rising passenger traffic, infrastructural expansion, easy mode of transportation and increasing global tourism. The market is also forecasted to face certain challenges like competition from other modes of transportation, high maintenance cost of rolling stocks and drawbacks in regulatory policies. To overcome the hindrances, the market is undergoing few developments such as establishment of light rail vehicles and magnetic levitation trains.
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