Technavio anticipates that the Europe Rolling Stock Market will see an increase of USD 3.01 billion by 2028, reflecting a compound annual growth rate (CAGR) of 3.27% from 2023. Meanwhile, the North American rolling stock market is undergoing significant growth due to major investments in railway infrastructure. These investments are focused on developing high-speed rail systems and enhancing freight transportation networks. The surge in urbanization is driving a rising demand for efficient urban rail solutions, contributing to the sector's expansion. Additionally, the rise of public-private partnerships (PPPs) is playing a pivotal role in this growth. PPPs are promoting collaboration between government bodies and private firms, leading to increased funding and technological innovation in the rolling stock market. This collaborative approach is enabling the development of modern trains and railcars, thereby benefiting manufacturers and suppliers in North America.

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