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Rolling Stock Market Size, Share & Growth Report, 2030 12-04-2024 10:02 PM CET | Logistics & Transport Press release from: ABNewswire Rolling Stock Market Rolling Stock Market by Component, Product Type (Locomotives, Rapid Transits, Coaches, & Wagons), Locomotive Technology (Conventional & Turbocharged), Application (Passenger Transportation & Freight transportation) & Region - Global Forecast to 2030 The global rolling stock market [ https://www.marketsandmarkets.com/Market-Reports/rolling-stock-market-4380892.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=rolling-stock-market ], by value, is estimated to be USD 28.6 billion in 2024 and is projected to reach USD 40.1 billion by 2030, at a CAGR of 5.8% from 2024 to 2030. Development in the hybrid trains is providing opportunities for the market growth. Train with hydrogen or battery drive technologies are still on the way to the market and offer much more sustainable and flexible alternatives to traditional diesel-powered trains. These technologies make it possible for trains to run on non-electrified sections of rail networks, reducing reliance on fossil fuels and carbon emissions. Hydrogen-powered trains, as Alstom's Coradia iLint, generate electricity from hydrogen fuel cells with water vapor as the byproduct. On the other hand, the battery train can be charged at the overhead wires or at stops to permit cleaner operations. Hybrid trains are increasing their market due to enhanced environmental awareness and an increasing demand for efficient and versatile transport solutions in different rail infrastructure environments. For instance, in April 2024, Germany launched Battery-powered train into service. The trains are Siemens Mobility Mireo Plus B battery hybrid trains, with four trains having been supplied to operate the service from Offenburg to Bad Griesbach and Offenburg to Hornbergin. Further, Innovative technologies like big data, intelligent rail systems, and connected rail are also influencing the growth of the market. "Rapid Transit segment is expected to be the largest segment in the forecast" The Rapid transit segment holds the largest market share in the product type segment. Factors such as increasing urbanization and the related need for fast, reliable public transport systems to cover spread-out metropolitan cities. With rising urban populations, the need for mass transit solutions to reduce traffic congestion and environmental pollution and to offer cost-effective and time-efficient travel options rises. Government support and investments in infrastructure development, technological development in rail systems, and increasing the focus on green and environmentally friendly transportation also fuel the growth of the rapid transit segment. Growth in existing transportation systems in cities has necessitated the demand for more rapid transit systems within metropolises. With the initiation of infrastructure projects, demand for vehicles is likely to be much stronger in emerging economies like China, Brazil, and India compared with the developed countries in Western Europe. Secondly, assimilation of smart technologies such as real-time tracking, automation, and advanced safety features enhances the attractiveness and uptake of rapid transit solutions. For instance, In July 2024, Paris transport authority Ile-de-France-Mobilities has awarded Keolis and RATP Cap Ile-de-France contracts to operate the future Grand Paris Express metro Line 18 and existing tram-train services T12 and T13 in Paris, France. Thus, with such new projects aimed toward rail connectivity, the demand for rolling stock will increase during the forecast period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=4380892 [ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=4380892&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=rolling-stock-market ] "Passenger Transportation segment will hold the prominent market share in the Application segment" Passenger segments hold the prominent market share in the application segment. Countries such as Japan, India, China, and Europe are major markets for rolling stock in passenger transportation. In Japan, rolling stock is the major means of passenger transport. The availability of robust infrastructure for both urban and intercity transport for mass transit in Japan is the major factor driving the adoption of railways for passenger transportation. Globally, there has been a rise in the demand for passenger trains, including those in Japan. In January 2024, Eurostar reported that they had transported 18.6 million passengers in 2023, a 22% increase over 2022 and marking a return to pre-pandemic passenger levels. According to American Public Transportation Association, Transit riders took 7.1 billion trips on public transportation in 2023, a 16 percent increase over 2022. Urbanization is the major driver for the growth of passenger transportation by railways. According to WHO, the urban population is estimated to account for 60% of the global population by 2030. Hence, rising urbanization is expected to further boost the market for passenger transportation in the coming years. "Europe is expected to be the second-largest market during the forecast" It is projected that Europe will hold the second-largest share of the rolling stock market, by value, in 2024. Europe hosts the largest rail supply industry in the world. Most of the trains in Europe are fitted with high-tech facilities, including eco-friendly vehicles, wireless data communications, wireless radio hookups, and comfort-enhancing facilities. Compared with Western European nations like the UK, Germany, France, and Spain, the rate of adaptation of high-end technology remains pretty low in East European nations, including Poland and the Czech Republic. Rolling stock OEMs look to exploit the prospects of the Eastern European market toward regional presence. Further, by 2030, EU Railways aims to construct a high-speed rail track of 31,000 km. Other programs, such as FP1MOTIONAL, FP2R2DATO, and FP3IAM4RAIL, are also conceptualized to increase the growth of the European rolling stock market. The EU is also seeking to develop environmentally friendly mode of transport by aiming for a single railway area. It has been attempting to harmonize the networks of the continent as a massive effort invested by both private and public entities. Germany is foreseen to dominate the European rolling stock market during the forecast period. The country is actively promoting the use of rapid transit systems to reduce vehicle emissions and is investing in appropriate infrastructure. Key Players The major players in global rolling stock market include CRRC Corporation Limited (China), Siemens AG (Germany), Alstom SA (France), Stadler Rail AG (Switzerland), and Wabtec Corporation (US). These companies offer extensive products and solutions for the railway industry; have strong distribution networks at the global level and invest heavily in R&D to develop new products. Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=4380892 [ https://www.marketsandmarkets.com/requestsampleNew.asp?id=4380892&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=rolling-stock-market ] Media Contact Company Name: MarketsandMarkets Trademark Research Private Ltd. Contact Person: Mr. Rohan Salgarkar Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=rolling-stock-market-size-share-growth-report-2030 ] Phone: 18886006441 Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 City: Florida State: Florida Country: United States Website: https://www.marketsandmarkets.com/Market-Reports/rolling-stock-market-4380892.html This release was published on openPR.
Tiger Woods and Rory McIlroy's innovative new golf league TGL is just weeks away from its launch, and world No. 7 Wyndham Clark has told fans to expect a "totally different sport". TGL – short for Tomorrow's Golf League – will debut at the bespoke SoFi Center arena in Palm Beach Gardens, Florida on Jan. 7, with 24 of the PGA Tour's biggest stars competing in the six-team league. The league has been created by TMRW Sports, a company co-founded by Woods and McIlroy. The players will hit full shots into a simulator screen the size of a five-story building before turning their attention to the "GreenZone" – an area the size of four basketball courts featuring a trio of bunkers and a dynamic, rotating green that changes depending on the hole being played. Anthony Kim backs U.S. Ryder Cup pay decision after coming up with LIV Golf suggestion Former LIV Golf star earns Tour spot after being dumped from Jon Rahm's team The made-for-TV matches are played over 15 holes and will be staged on Monday and Tuesday nights and broadcast live in primetime on ESPN. Clark – the 2023 U.S. Open champion and a member of The Bay Golf Club team that will play in the league's inaugural match – has promised fans watching both in the arena and on TV are in for an "awesome experience". Although TGL will remain true to the fundamentals of the sport, Clark says other parts take inspiration from the NBA and NFL to deliver a compelling and fast-paced experience. He was blown away when he stepped inside the arena for the first time. "It was crazy," Clark told Mirror U.S. Sports. "To see it in person is so different than seeing it on a phone or via social media. I walked in, they kind of did a simulated walk-up song, you walk through the tunnel, they're explaining what it's going to be like and then you walk out and you look. "The best example I could give you is I felt like an NBA player or an NFL player walking out in the stadium for the first time, and everyone's looking at you, and you're just center stage. And then obviously seeing the massive simulator and the green and it's amazing. "You get to see the best players in the world play and hit shots that you get to see all the time on TV, right? The full shots are very much what you see in normal golf. And the great thing is you'll see the data right then and there. So I'll be leaning on a driver and hopefully getting up to 190 ball speed. And you get to see all the technology and the numbers, which is really cool. "The most interesting and fun aspect about TGL is the fact that it is an arena and you get to see us up close and personal, mic'd up, you'll see our personalities. You'll get to kind of, all that will come to light. "And I think it, if you look at it as it's golf, but inside, so it's almost a totally different sport. Don't think of it as your normal PGA Tour event, think of it as something fun where you get to see Tiger Woods hit tons of shots and trash talk other players and be put under pressure with a shot clock and playing for a team and all those things. I just think it's such an awesome experience. I think both watching in-person and TV should be amazing." TGL was met with skepticism from some ardent golf fans when it was unveiled in 2022. Recreational players know all too well the limitations of simulator technology, with undetected shots or incorrect data. But Clark promises TGL is using equipment far superior to what is accessible to everyday golfers. "The technology here is something like you've never seen," he said. "Let's say a normal simulator, you're 10 feet away or something and you hit and maybe there's some lag time or sometimes the numbers are a little wonky or aren't correct. "Because we're 21 and 35 yards away on our shots. Your ball flies and it has some time in the air before it hits the screen. And then as it does that, it picks up your shot and then shows you exactly where that ball was going in the flight. It is so accurate. "When I came here for practice, I hit so many different shots: draws, fades, low, high, and even bad shots to see if it picked it up, and it picked it up to perfection. It's as realistic as a simulator could possibly be. So from 100 yards to all the way to driver is about as accurate as probably normal golf and feels just like normal golf." All of TGL's players will be wearing a microphone during the matches, and Clark believes banter – both friendly and competitive – will be a big factor in the outcomes. "I typically like to chirp. I'm not going to try to put any sort of number on how much I'm going to chirp, but I think that's part of my game and I love to do that. I think that's what's going to make this a lot of fun," he said. "I also think there's some competitiveness to chirping. You can kind of get under someone's skin and make them think about bad shots or other bad things that they've done in the past or are going to do and maybe they hit a bad shot and it gives you a little leg up. "So I think there could be some strategy to the chirping and also it's just kind of fun and good comic relief for everybody." Clark and his Bay Golf Club teammates – Ludvig Aberg, Min Woo Lee and Shane Lowry – take on New York Golf Club, comprised of Xander Schauffele, Rickie Fowler, Matt Fitzpatrick and Cameron Young, in TGL's inaugural match. The 30-year-old believes the experience will be entertaining for fans and players and benefit the sport as a whole. "This is something that's going to be great for the game of golf and another way for people to watch us in more of an intimate setting," Clark said. "And I just thought, hey, I want to be part of this. So I'm really fortunate that I got the opportunity to be part of it. "And I'm really looking forward to, you know, the first event coming up where our team will be playing and the whole year. I mean, I think this is going to be something that's hopefully the start of something great for golf."
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NoneCINCINNATI—Meals on Wheels of Southwest OH & Northern KY is pleased to announce the nonprofit has appointed five new members to its Board of Directors: Chris Germann, Business Owner of Continuous Improvement, eCommerce Operations at Kroger; Rajani Menon, Director of Civic Engagement and Leadership for the Women’s Fund of the Greater Cincinnati Foundation; Mike Norton, President of Norton Outdoor Advertising; Odesa Stapleton, Chief Diversity and Inclusion Officer of Bon Secours Mercy Health; and Tamara Thrasher, Program Manager at GreenLight Fund Cincinnati. These new members bring a wealth of expertise that, collectively, will help drive the organization’s mission. Meals on Wheels provides 10,000 seniors every year across 13 counties in Ohio and Kentucky with essential services that support their independence. Says Mike Dunn, CEO of Meals on Wheels of Southwest OH & Northern KY, “We are fortunate to have such a talented group of community leaders join our leadership group.” New members were appointed at a November Board meeting and will begin their term January 1, 2025. They join an existing Board of 14 members. Mary Wagner, retired CEO of iMFLUX/P&G, will take over as Board Chair also on January 1. About Chris Germann Germann brings to Meals on Wheels a passion for service and extensive experience in logistics, eCommerce technology, and food manufacturing processes. He has held leadership positions at The Kroger Company for the past 14 years, specializing in continuous improvement and retail processes. Prior to joining Kroger, he worked for the Cintas Corporation in St. Louis. He earned his bachelor’s degree in marketing from Xavier University, where he currently partners with their executive leadership center team to promote continuing education classes for surrounding area leaders. About Rajani Menon Menon is a community leader who has expertise in business strategy, operations, public policy, advocacy, and government affairs. She was born in India and has lived in the U.S. for 35 years. Her professional background spans the private, nonprofit, and public sectors, having worked at the U.S. Senate, Freestore Foodbank, and for over 10 years at Duke Energy. She holds a bachelor’s degree in education from the University of Utah, a Master of Business Administration in finance and management information systems from the University of Kentucky, and a graduate certificate in marketing strategy from Cornell University. She is the director of civic engagement and leadership for the Women’s Fund of the Greater Cincinnati Foundation. About Mike Norton Norton is a third-generation business leader of his family’s company, Norton Outdoor Advertising where he serves as president, and has extensive community involvement and engagement. He currently serves on the Out-of-Home Advertising (OAAA) Board of Directors, as well as the organization’s Marketing, Digital Billboard and Innovations Committees. He is also a current Board Member of the Outdoor Advertising Association of Ohio (OAAO). He has held board and additional committee positions with OAAA, OAAO, the Junior Billboard Association, and the Parkinson’s Disease Association. He earned his bachelor’s degree in marketing from Xavier University. About Odesa Stapleton Stapleton brings a prestigious and multifaceted background in human resources, labor and employment law, and community healthcare. Prior to joining Bon Secours Mercy Health as chief diversity and inclusion officer, she served in leadership roles with Verizon Communications, Delta Airlines, and the Burlington Northern & Santa Fe Railway Company. She earned her bachelor’s degree from the University of Texas at Austin, earned her law degree from the Benjamin N. Cardozo School of Law at Yeshiva University, and serves as a member of the Society for Human Resource Management, State Bar of Texas, American Bar Association, and Alpha Phi Omega. About Tamara Thrasher Thrasher is a seasoned community advocate and social services professional whose career is rooted in empowering vulnerable populations and driving meaningful change. She dedicated 14 years to St. Vincent de Paul Cincinnati, serving in various capacities, including leading the Ozanam Center for Service Learning. Thrasher has actively contributed to Cincinnati’s nonprofit sector through her work with organizations like Price Hill Will, Venice on Vine, and DePaul Cristo Rey High School. She is currently the program manager at GreenLight Fund Cincinnati, where she continues her commitment to fostering innovation and addressing systemic challenges. About Meals on Wheels of Southwest OH & Northern KY Meals on Wheels delivers 1.2 million meals yearly, along with visits, rides, and much more to help seniors stay safe and healthy in their homes. Each of our nutritious 50+ meal options are prepared in our own restaurant-grade kitchen. Many of our seniors receive therapeutic meals to help them manage a health condition, such as high blood pressure or diabetes. Meals on Wheels of Southwest Ohio & Northern Kentucky serves 13 counties in Ohio and Kentucky, helping 10,000 local seniors. Visit: muchmorethanameal.org. Connect: Facebook, LinkedIn, and Instagram. ### Before you go.... Can you help us make a difference? The reporters and editors at LINK nky are dedicated to covering Northern Kentucky and providing you with the information you need to be an informed citizen. If you value what you get from LINK nky, please join us with a tax-deductible donation so we can continue doing the local reporting that matters to you. 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