Nordics Rolling Stocks Market size is valued at USD 2,568.9 million in 2021 and is expected to grow at a significant CAGR of 4.9% during the forecast period 2022 to 2028. The market provides a detailed overview and that can be segmented by type, by locomotive technology, by end use type. By type, the market has been segmented into Locomotive, Metro, Monorail, Trams, Fright Wagon, Passenger Coaches, and Others. The locomotive segment is likely to be the largest and fastest-growing segment in terms of type. Based on locomotive technology the market is segmented into Conventional, Turbocharged, and Maglev. Among these, the conventional segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on end-use type, the nordics rolling stocks market is segmented into Passenger Transit and Cargo Train. The passenger transit segment accounts for the largest share in 2021 according to Precision Business Insights.
In January 2022, Alstom SA developed a battery train and started trial of passenger operation in Germany in collaboration with Deutsche Bahn.