The Rolling Stock Industry is projected to reach USD 64.10 billion by 2032, with a compound annual growth rate (CAGR) of 4.95% during the forecast period (2023-2032). Key market drivers include rising passenger transportation needs to alleviate traffic congestion and growing demand for high-speed metro trains, fostering market growth.
In January 2022, Wabtec Corporation acquired MASU's, a leading manufacturer of friction products for rail and automotive industries. This strategic move will bolster Wabtec's installed base and drive growth across its brake product portfolio.
In May 2021, SNCF, along with Railenium Technology Research Institute, Thales, Spirops, Bosch, and Alstom, initiated trials for an autonomous regional train prototype using a customized Regio 2N train. This innovation aims to enhance France's rail network.
In May 2019, the Coradia iLint hydrogen-powered passenger train made its debut, marking the world's first hydrogen fuel cell train. This sustainable solution enables uninterrupted travel on non-electrified tracks, ensuring reliability in the transportation network.
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