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Global Rolling Stock Market to Grow at a CAGR of 3.8% During 2021-2026, Aided by the Expansion of Rail Network

According to a new report by EMR titled, ‘Global Rolling Stock Market Report and Forecast 2021-2026’, the global market for rolling stock attained a value of about USD 57 billion in 2020. The industry is further expected to grow at a CAGR of 3.8% in the forecast period of 2021-2026 to reach a value of approximately USD 71.3 billion by 2026.

Europe holds a significant share of the rolling stock industry owing to the extensive rail network in the region. The rising deployment of rail transport for passenger transit in the region owing to stringent emission regulations is propelling the market growth. Moreover, the deployment of advanced rolling stocks in the region is fuelling the industry growth. For instance, Germany, in September 2018, launched the world’s first hydrogen-powered train, developed by Alstom. Meanwhile, the Asia Pacific region witnessing robust growth due to the increasing investments in rail networks in the region by the government. For example, the Ministry of Transport of China announced an investment of CNY 800 billion in its railway projects. In addition, the expansion of urban rail transportation networks owing to rapid population growth is anticipated to augment the growth of the rolling stock industry in upcoming years.

Alstom (EPA: ALO), one of the leading companies in the market, announced in September 2021 that it had signed a €300 million contract with the Victoria’s Department of Transport (DoT). The company is expected to supply 25 six-car X’trapolis trains for Melbourne’s suburban rail network. Under the contract, the company is also projected to engineer and design a rolling stock solution that is compatible with the existing rail infrastructure of Melbourne. X’trapolis is estimated to expand network capacity cost and energy-efficiently.  The rolling stock is projected to be manufactured in Australia, which would aid the company to expand its footprint in the country. Such partnerships are predicted to increase the demand for rolling stocks and are expected to bolster the market growth in the forecast period.

Market Analysis by Type, End Use, and Region:

  • The market, on the basis of type, can be divided into locomotives, metros, monorails, trams, freight wagons, and passenger coaches, among others.
  • Based on end uses, the industry can be divided into passenger transit and cargo train.
  • The regional markets for rolling stock include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing demand for rail transportation owing to its cost-effectiveness, reliability, and energy efficiency is augmenting the market growth.
  • The market is being aided by the integration of artificial intelligence (AI) in rolling stocks to boost their functionality and operational efficiency. 
  • The growing deployment of alternative fuels, along with the rapid electrification of rolling stocks, is propelling the market growth.
  • The increasing demand for advanced hydrogen trains to enhance the energy-efficiency and cost-effectiveness is providing impetus to the growth of the rolling stock industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for rolling stock for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, end uses, and major regions of rolling stock.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global rolling stock market are Alstom, Bombardier Transportation, CRRC Corporation Limited, Hitachi, Ltd., and Hyundai Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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