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Rolling Stock Market worth $64.3 billion by 2025 - Exclusive Report by MarketsandMarkets
"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",
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Rolling Stock Market 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 increasing need for energy efficient transport are some of the key drivers fueling the growth of this market. Increasing urbanization, adoption of public transport as a means of reducing traffic congestion, growing demand for energy-efficient transport and increasing adoption of rolling stocks for freight transportation are major drivers of the Rolling Stock Market.
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The Rolling Stock report offers a great motivation to businesses to seek new business ventures and evolve better. While generating market research report, customer satisfaction is always kept on the utmost priority which makes clients rely confidently on the report. With this influential market document; information about many market related factors can be retrieved by using actionable market insights and comprehensive market analysis. This Rolling Stock market research report assists business in every sphere of trade to easily take the unmatched decisions, to tackle the toughest business questions and diminish the risk of failure.
Global rolling stock market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 3.9% in the forecast period of 2020 to 2027 and expected to reach USD 77,149.04 million by 2027.