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Global Rolling Stock Market: By Type: Locomotives, Metros, Monorails, Trams, Freight Wagons, Passenger Coaches, Others; By End Use: Passenger Transit, Cargo Train; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Rolling Stock Market Outlook

The global rolling stock market attained a value of about USD 57 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 3.8% to reach nearly USD 71.3 billion by 2026.

 

Rising Demand for Rail Transit Boosting the Market Growth of Rolling Stock

The rising preference for rail transit owing to its energy efficiency and cost-effectiveness is bolstering the growth of the rolling stock industry. The rising population owing to rapid urbanisation in emerging economies is also increasing the demand for rail travel. The development of cost-effective rail transit is surging the demand for rolling stocks. In addition, the rising electrification of rails in North America and Europe is further surging the deployment of rolling stocks, hence invigorating the growth of the market.

 

Global Rolling Stock Market

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Integration of Artificial Intelligence (AI) in Rolling Stock Augmenting the Growth of the Rolling Stock Industry

The integration of artificial intelligence (AI) in rolling stocks to automate various processes, such as maintenance, is augmenting the growth of the market. It is increasingly being deployed in resource planning and management to enable the efficient and safe usage of rolling stocks as well as railway tracks. Moreover, the favourable functionalities offered by artificial intelligence (AI) is surging their use in various rail applications, such as train scheduling, asset management, and automate operation system, among others. Hence, further exploitation of artificial intelligence (AI) is expected to surge the efficiency of rolling stocks and fuel the growth of the rolling stock industry in the forecast period.

 

Rolling Stock: Industry Definition and Segmentation

Rolling stock refers to wheeled carriages and engines that are used on railroad tracks. It offers a reliable and safe mode of transportation for both goods and passengers. Rolling stocks are energy-efficient, cost-effective, and durable, due to which it is increasingly being preferred as a reliable mode of transportation.

The major types of rolling stock are:

  • Locomotives
  • Metros
  • Monorails
  • Trams
  • Freight Wagons
  • Passenger coaches
  • Others

The locomotives segment is further divided into diesel locomotives, electric locomotives, and electro-diesel locomotives.

The market can be broadly categorised on the basis of its end uses into:

  • Passenger Transit
  • Cargo Train

The EMR report looks into the regional markets of rolling stock like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Deployment of Alternative Fuels to Bolster the Growth of the Rolling Stock Industry

The rising demand for alternative fuels to provide energy to rolling stocks is augmenting the growth of the market. This is surging the demand for biofuels, such as bioethanol and biodiesel, among others, to enhance fuel-efficiency in rolling stocks. Moreover, the growing demand for green rolling stocks, especially in Europe, is resulting in various research and development (R&D) activities to increase the use of sustainable energy. For instance, the United Kingdom government announced in June 2021 that it is expected to finance a dual-fuel solution to reach its net-zero carbon economy goals by 2050.

The growing demand for advanced hydrogen trains that utilise hydrogen fuel to offer an energy-efficient and cost-effective alternative to traditional rolling stocks is propelling the market growth. The introduction of various stringent regulations by governments is further escalating the deployment of hydrogen trains to reduce greenhouse emissions. In addition, the increasing research and development activities to boost the functionality and overall efficiency of hydrogen trains are expected to drive the growth of the rolling stock industry in upcoming years. For instance, China, in June 2021, rolled out its hydrogen fuel cell hybrid locomotive, with an output of 1,400 kilowatts and a speed of 100 km/h in Changzhou.

 

Key Industry Players in the Global Rolling Stock Market

The report presents a detailed analysis of the following key players in the global rolling stock market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Alstom
  • Bombardier Transportation
  • CRRC Corporation Limited
  • Hitachi, Ltd.
  • Hyundai Corporation
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, End Use, Region
Breakup by Type Locomotives, Metros, Monorails, Trams, Freight Wagons, Passenger Coaches, Others
Breakup by End Use Passenger Transit, Cargo Train
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Alstom, Bombardier Transportation, CRRC Corporation Limited, Hitachi, Ltd., Hyundai Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Rolling Stock Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Rolling Stock Historical Market (2016-2020) 
    8.3    Global Rolling Stock Market Forecast (2021-2026)
    8.4    Global Rolling Stock Market by Type
        8.4.1    Locomotives
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    Diesel Locomotives
                8.4.1.4.2    Electric Locomotives
                8.4.1.4.3    Electro-Diesel Locomotives
        8.4.2    Metros
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Monorails
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Trams
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Freight Wagons
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
        8.4.6    Passenger Coaches
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2016-2020)
            8.4.6.3    Forecast Trend (2021-2026)
        8.4.7    Others
    8.5    Global Rolling Stock Market by End Use
        8.5.1    Passenger Transit
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Cargo Train
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Rolling Stock Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis 
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Alstom
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Bombardier Transportation
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    CRRC Corporation Limited
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Hitachi, Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Hyundai Corporation
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Rolling Stock Market: Key Industry Highlights, 2016 and 2026
2.    Global Rolling Stock Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Rolling Stock Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Rolling Stock Historical Market: Breakup by End Use (USD Billion), 2016-2020
5.    Global Rolling Stock Market Forecast: Breakup by End Use (USD Billion), 2021-2026
6.    Global Rolling Stock Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Rolling Stock Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America Rolling Stock Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    North America Rolling Stock Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Europe Rolling Stock Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Europe Rolling Stock Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Asia Pacific Rolling Stock Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Asia Pacific Rolling Stock Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Latin America Rolling Stock Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Latin America Rolling Stock Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Middle East and Africa Rolling Stock Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Middle East and Africa Rolling Stock Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Global Rolling Stock Market Structure

Key Questions Answered in the Report

In 2020, the global rolling stock market attained a value of nearly USD 57 billion.

The market is projected to grow at a CAGR of 3.8% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 71.3 billion by 2026.

The market has been driven by the rising demand for rail transit and the integration of artificial intelligence (AI) in rolling stocks.

The industry is expected to be augmented by the growing demand for alternative fuels, the rising demand for green rolling stocks, and the increasing demand for advanced hydrogen trains.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major types of rolling stock in the industry are locomotives, metros, monorails, trams, freight wagons, and passenger coaches, among others.

The significant end uses in the market are passenger transit and cargo train.

The major players in the industry are Alstom, Bombardier Transportation, CRRC Corporation Limited, Hitachi, Ltd., and Hyundai Corporation, among others.

Analyst Review

The global rolling stock market attained a value of nearly USD 57 billion in 2020, driven by the rising demand for rail transportation. Aided by the rising demand for green rolling stocks, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 3.8%. The market is projected to reach about USD 71.3 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the rolling stock industry can be segmented into locomotives, metros, monorails, trams, freight wagons, and passenger coaches, among others. On the basis of end uses, the industry is divided into passenger transit and cargo train. The major regional markets for rolling stock are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Alstom, Bombardier Transportation, CRRC Corporation Limited, Hitachi, Ltd., and Hyundai Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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