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The research, production, and sale of all wheeled transportation systems, including locomotives, passenger trains, coaches, and freight trains, are collectively referred to as the rolling stock industry.
The demand for safe, quick, and efficient transportation is rising, as are the use of public transportation services as a means of reducing traffic congestion. These and other factors are driving the growth of the worldwide rolling stock market.
Over the coming years, this upward trend is anticipated to continue as both rail freight and passenger traffic are on the rise. And therefore, spurred by government programmes to create cutting-edge rail transport infrastructure in nations cause rapidly growing rolling stock industries.
For non-electrified rail lines, the majority of major rolling stock producers are developing hydrogen and battery trains as sustainable alternatives to diesel trains. Green rolling stock advancements and inventions, however, cannot prosper alone.
They must also be accompanied with advancements in the energy system. For instance, infrastructure for refuelling and charging needs to be constructed.
In order to produce and install electrical systems and components for the rail sector, a subsidiary of Motherson Sumi Systems, a leading manufacturer of transportation component parts, has purchased the assets of Bombardier Transportation (Rolling Stock) UK Ltd.
Motherson Rolling Stock Systems informed stock exchanges that this would involve the manufacture of wiring harnesses, panel and cabinet construction, and electro-mechanical assembly in Derby.
The UK Rolling Stock Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
