At 5.4% CAGR, the Europe Rolling Stock Management Market is Projected to be worth US$ 22,614.86 million by 2028, says Business Market Insights

According to Business Market Insights’ research, the Europe rolling stock management market was valued at US$ 16,539.86 million in 2022 and is expected to reach US$ 22,614.86 million by 2028, registering a CAGR of 5.4% from 2022 to 2028. Expansion of rail industry and rising safety and security concerns regarding rail infrastructure are the critical factors attributed to the Europe rolling stock management market expansion.             

The use of 5G in the rolling stock management provides higher bandwidth for the data transmission between the rolling stock and authorities engaged in its management. It also improves train-to-ground communications and helps the operators make better decisions regarding the action needed to maintain the reliable operation of the rolling stock. The capability of the 5G allows the rolling stock and the operator to gain real-time connectivity for the ticketing services, travel information, and IoT-based maintenance data collection for engineering staff. The IoT-based devices in the rolling stock management system improve the operator efficiency to better manage and control the rolling stock. For example, the IoT-based sensor attached to the rolling stock carriage can detect unusual activity, providing early alerts to the operator and authorities regarding potential component failure. IoT-based devices collect real-time information about the rolling stock and help the operator to better plan and manage the preventative maintenance cycles to reduce the consequence of component failure. This factor improves the performance and lifespan of the rolling stock and further contributes to the overall security of the passengers and cargo activities. Thus, the integration of advanced technologies such as 5G and IoT with rolling stock and its management system is likely to create a lucrative opportunity for the Europe rolling stock management market growth in the coming years.

On the contrary, limited use of rolling stock for transportation hurdles the growth of Europe rolling stock management market. 

Based on management type, the Europe rolling stock management market is bifurcated into rail management and infrastructure management. The rail management segment held 62.9% market share in 2022, amassing US$ 10,405.51 million. It is projected to garner US$ 13,303.10 million by 2028 to expand at 4.2% CAGR during 2022–2028. The rail management segment is further subsegmented into remote diagnostic management, wayside management, train management, asset management, cab advisory, and others. Additionally, the infrastructure management segment is categorized into control room management, station management, automatic fare collection management, and others.

Based on maintenance service, the Europe rolling stock management market is categorized into corrective maintenance, preventive maintenance, and predictive maintenance. The corrective maintenance segment held 50.0% share of Europe rolling stock management market in 2022, amassing US$ 8,269.13 million. It is projected to garner US$ 10,930.00 million by 2028 to expand at 4.8% CAGR during 2022–2028.

Based on country, the Europe rolling stock management market has been categorized into France, Germany, the UK, Italy, Russia, and the Rest of Europe.  Our regional analysis states that Germany captured 23.8% share of Europe rolling stock management market in 2022. It was assessed at US$ 3,936.86 million in 2022 and is likely to hit US$ 5,646.44 million by 2028, exhibiting a CAGR of 6.2% during 2022–2028.            

Key players operating in the Europe rolling stock management market are Alstom SA, ABB Ltd, Hitachi Rail Ltd, Mitsubishi Electric Corp, SS Siemens Mobility GmbH, Talgo SA, Thales SA, Toshiba Infrastructure Systems and Solutions Corp, and Trimble Inc., among others.

• In April 2023, Great Western Railway extends Hitachi Rail's maintenance contract to secure hundreds of jobs and support the U.K. supply chain.
• In Oct 2022, Siemens Mobility inaugurated the extended Rail Service Center in Novara.

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