Rolling Stock Projected to Grow $64.3 billion by 2025


Source: businesssun.com businesssun.com

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According to the new market research report " Rolling Stock Market by Product Type (Locomotive, Rapid Transit, Wagon, and Coach), Locomotive Technology (Conventional, Turbocharged, and Maglev), Application (Passenger and Freight) & Region – Global Trends and Forecast to 2025″ , Published by MarketsandMarkets™, is estimated to be USD 51.6 billion in 2020 and is projected to grow to USD 64.3 billion by 2025, at a CAGR of 4.5% during the forecast period. The growing demand for public transport and the increasing need for energy-efficient transport are some of the key drivers fueling the growth of this market. Increasing urbanization, adoption...