Rolling Stock Market

Rolling Stock Market was valued at USD 53.4 billion in 2021 and is forecast to touch USD 75.9 billion in 2029, and the market is expected to grow at a CAGR of 4.5%.

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Key Drivers

Growing urbanization, significant growth in the number of working population, and increasing demand of safe, secure, and energy efficient mode of transportation are some of the prominent factors that are expected to boost the demand of rail vehicles including trams, local trains, passenger rails, and other rolling stocks during the forecast period. Additionally, growing environmental concerns, numerous government initiatives to promote public transport, cost-effectiveness and comfortability of trains, and high preference for high-speed trains over the conventional trains among people are further accelerating the growth of the market.

Locomotives are being increasingly used by several industries such as oil & gas, agriculture, manufacturing, construction, automotive, and mining as an economical and faster mode of transportation for carrying bulky goods over long distances. Furthermore, technological advancements including implementation of regenerative braking technology in locomotives, introduction of speed and fuel efficient locomotives, and development of automated trains are expected to provide huge growth opportunities to the market. However, the high capital investment for the implementation and refurbishment of the railway infrastructure may hamper the growth of the rolling stock market.

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Product Type– Segment Analysis

Based on product type, the market is segmented into locomotives, rapid transit, coaches, and wagons. The rapid transit segment is expected to grow at a higher CAGR during the forecast period primarily due to the increasing demand of metro, subway, automated trains and magnetic levitation trains for public transportation.

Application – Segment Analysis

Based on application, the market is segmented into passenger and freight. Freight segment is anticipated to account for a notable share in the market owing to the rising application of freight trains in various sectors that includes automotive, oil & gas, mining, agriculture, and construction industries as fast, reliable, cost efficient mode of transportation. Additionally, the implementation of GPS tracking systems has increased the protection level of goods which is expected to further stimulate the growth of the market over the forecast period.

Locomotive Technology – Segment Analysis

Based on locomotive technology, the market is segmented into conventional locomotives, turbocharged locomotives, and maglev. The maglev segment is projected to grow at a faster CAGR during the forecast period owing to the eco-friendliness, smooth and quieter operation of maglev as compared to wheeled mass transit system.

Components – Segment Analysis

Based on components, the market is segmented into pantograph, axle, wheel set, traction motor, passenger information system, air conditioning system, and auxiliary power system. The pantograph segment is anticipated to witness a faster CAGR primarily due to the increasing rail electrification network, metro trains and tram projects globally. In addition to this, high voltage capacity, high AC power transmit, and safety provided by train pantograph are expected to further accelerate the market growth.

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Regional – Segment Analysis     

Based on the region, Asia-Pacific region is anticipated to witness a significant growth in the rolling stock market during the forecast period. This is primarily due to the growing economies including China, Japan, India, and South Korea in the region coupled with the increasing demand of rail vehicles for transporting passengers and goods. Growing population and increasing public and private investments in the development of metro and electric trains are further supporting the market growth in the region.  North America is projected to grow at a higher CAGR in the rolling stock market owing to the rapid economic development, increasing demand of high speed trains and the growing use of rolling stock in several industries including the oil & gas, mining, and construction industries in the region.

Top Market Players

Various notable players operating in the global Rolling Stock market include CRRC Corporation Limited, Bombardier Inc., Alstom SA, Schaeffler AG, Siemens AG, Kawasaki Heavy Industries, Ltd., Transmashholding, Stadler Rail AG, Construcciones y Auxiliar de Ferrocarriles, S.A., Motherson Rolling Stock Systems GB Limited and Hyundai Motor Group, among other companies. 

Key Developments:

• • In 2020, Alstom SA acquired Bombardier Transportation, the rail division Bombardier Inc. This acquisition is expected to enhance the business portfolio of the company in the train manufacturing market.
  • In 2019, Motherson Rolling Stock Systems GB Limited, a subsidiary of Motherson Sumi Systems (MSSL) acquired the rolling stock electrical component and systems business of Bombardier Transportation UK Ltd. This is expected to enhance the product portfolio of the company.

Segments covered in the Report:

The global rolling stock market has been segmented on the product type, application, locomotive technology, component, and region. On the basis of product type, the market is segmented into locomotives, rapid transit, coaches, and wagons. Based on application, the market is segmented into passenger and freight. Based on locomotive technology, the market is segmented into conventional locomotives, turbocharged locomotives, and maglev. Based on components, the market is segmented into pantograph, axle, wheel set, traction motor, passenger information system, air conditioning system, and auxiliary power system.

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Key questions answered in this research report:

• • At what pace is global Rolling Stock market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Rolling Stock market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Rolling Stock market?
  • Which component generated maximum revenues in 2021 and identify the most promising component during the forecast period?
  • What are the various application of global Rolling Stock market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 53.4 billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Product Type, By Application, By Locomotive Technology, By Component, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	CRRC Corporation Limited, Bombardier Inc., Alstom SA, Schaeffler AG, Siemens AG, Kawasaki Heavy Industries, Ltd., Transmashholding, Motherson Rolling Stock Systems GB Limited , Stadler Rail AG, Construcciones y Auxiliar de Ferrocarriles, S.A., and Hyundai Motor Group among others; a total of 11 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Rolling Stock Market by Product Type

• • Locomotives
  • Diesel Locomotives
  • Electric Locomotives
  • Electro-Diesel Locomotives
  • Rapid Transit
  • Diesel Multiple Unit (DMU)
  • Electric Multiple Unit (EMU)
  • Light Rail/Tram
  • Subway/Metro
  • Monorail
  • Coaches
  • Wagons

Global Rolling Stock Market by Application

• • Passenger Transportation
  • Locomotives
  • Coaches
  • Freight
  • Locomotives
  • Wagons

Global Rolling Stock Market by Locomotive Technology

• • Conventional Locomotives
  • Turbocharged Locomotives
  • Maglev

Global Rolling Stock Market by Component

• • Pantograph
  • Axle
  • Wheel Set
  • Traction Motor
  • Passenger Information System
  • Air Conditioning System
  • Auxiliary Power System

Global Rolling Stock Market by Region

• • North America Rolling Stock Market (Option 1: As a part of the free 25% customization)
    • By Product Type
    • By Application
    • By Locomotive Technology
    • By Component
    • US Market All-Up
    • Canada Market All-Up
  • Europe Rolling Stock Market (Option 2: As a part of the free 25% customization)
    • By Product Type
    • By Application
    • By Locomotive Technology
    • By Component
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Rolling Stock Market (Option 3: As a part of the free 25% customization)
    • By Product Type
    • By Application
    • By Locomotive Technology
    • By Component
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Rolling Stock Market (Option 4: As a part of the free 25% customization)
    • By Product Type
    • By Application
    • By Locomotive Technology
    • By Component
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Rolling Stock Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • CRRC Corporation Limited
  • Bombardier Inc.
  • Alstom SA
  • Schaeffler AG
  • Siemens AG
  • Kawasaki Heavy Industries, Ltd.
  • Transmashholding
  • Stadler Rail AG
  • Construcciones y Auxiliar de Ferrocarriles, S.A.
  • Hyundai Motor Group 
  • Motherson Rolling Stock Systems GB Limited