Reports
Global Rolling Stock Market Size, Share, Forecast: By Type: Locomotives, Metros, Monorails, Trams, Freight Wagons, Passenger Coaches, Others; By End Use: Passenger Transit, Cargo Train; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2023-2028
Global Rolling Stock Market Outlook
The global rolling stock market size attained a value of approximately USD 61.37 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 4.10%, reaching a value of around USD 77.88 billion by 2028.
Long-distance freight and passenger transportation can be made more convenient, safe, and affordable with the use of rolling stock like wagons, locomotives, freight cars, and rapid transit vehicles. Regenerative braking technology is increasingly being adopted, which helps with energy conservation and reduces the need for mechanical breaks, improving the performance of rolling stock. These changes are anticipated to have a favourable effect on the expansion of the rolling stock global market.
Factors such advancements in technology, increased environmental concerns, traffic congestion, and rapid urbanisation are expected to fuel the demand for rolling stocks. As rolling stock orders have extended lead times and must endure for a long time, rigorous innovation and research are essential to producing robust rolling stock. Governments are taking a proactive role to improve railways as an affordable and safe mode of transportation, thus aiding the growth of the market.
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Integration of Artificial Intelligence (AI) in Rolling Stock Augmenting the Growth of the Rolling Stock Market
The integration of artificial intelligence (AI) in rolling stocks to automate various processes, such as maintenance, is augmenting the growth of the market for rolling stocks. AI 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 is surging their use in various rail applications, such as train scheduling, asset management, and operation systems, 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 market in the forecast period.
Global Rolling Stock Market Share by End Use
The rising preference for passenger transit owing to its energy efficiency and cost-effectiveness is bolstering the growth of the market for rolling stock. Increasing population and rapid urbanisation in emerging economies is also increasing the demand for passenger rail travel. The development of cost-effective rail transit is surging the market for rolling stock due to its higher affordability for a wider range of passengers. Increasing electrification of rails in North America and Europe are further heightening the deployment of rolling stocks, invigorating the growth of the market.
Rolling Stock: Market Segmentation
Rolling stock refers to wheeled carriages and engines that are used on railroad tracks. They offer a reliable and safe mode of transportation for both goods and passengers. Rolling stocks are energy-efficient, cost-effective, and durable, due to which they are increasingly being preferred as a reliable mode of transportation.
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Based on type, the market is divided into:
- Locomotives
- Breakup by Type
- Diesel Locomotives
- Electric Locomotives
- Electro-Diesel Locomotives
- Breakup by Type
- Metros
- Monorails
- Trams
- Freight Wagons
- Passenger coaches
- Others
On the basis of end use, the market is bifurcated 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.
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Rising Use of Alternative Fuels to Bolster the Market for Rolling Stock
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 activities to increase the use of sustainable energy, thus aiding the rolling stock market in Europe.
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 supporting the rolling stock market growth. The introduction of stringent regulations by various governments is further escalating the deployment of hydrogen trains to reduce greenhouse emissions. In addition, increasing research and development activities to boost the functionality and overall efficiency of hydrogen trains are expected to drive the growth of the market for rolling stock in the upcoming years.
Key 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
- Stadler Rail AG
- Construcciones y Auxiliar de Ferrocarriles, S.A.
- Wabtec Corporation
- Nippon Sharyo,Ltd
- Others
The comprehensive report looks into the macro and micro aspects of the market. 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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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.
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 Opportunities and Challenges in the Market
8 Global Rolling Stock Market Analysis
8.1 Key Industry Highlights
8.2 Global Rolling Stock Historical Market (2018-2022)
8.3 Global Rolling Stock Market Forecast (2023-2028)
8.4 Global Rolling Stock Market by Type
8.4.1 Locomotives
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.1.3 Breakup by Type
8.4.1.3.1 Diesel Locomotives
8.4.1.3.2 Electric Locomotives
8.4.1.3.3 Electro-Diesel Locomotives
8.4.2 Metros
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Monorails
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Trams
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Freight Wagons
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Passenger Coaches
8.4.6.1 Historical Trend (2018-2022)
8.4.6.2 Forecast Trend (2023-2028)
8.4.7 Others
8.5 Global Rolling Stock Market by End Use
8.5.1 Passenger Transit
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Cargo Train
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Rolling Stock Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Rolling Stock Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Rolling Stock Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Rolling Stock Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Rolling Stock Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Rolling Stock Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Alstom
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Bombardier Transportation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 CRRC Corporation Limited
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Hitachi, Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Hyundai Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Stadler Rail AG
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Construcciones y Auxiliar de Ferrocarriles, S.A.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Wabtec Corporation
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Nippon Sharyo,Ltd
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Rolling Stock Market: Key Industry Highlights, 2018 and 2028
2. Global Rolling Stock Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Rolling Stock Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Rolling Stock Historical Market: Breakup by End Use (USD Billion), 2018-2022
5. Global Rolling Stock Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6. Global Rolling Stock Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Rolling Stock Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Rolling Stock Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Rolling Stock Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Rolling Stock Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Rolling Stock Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Rolling Stock Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Rolling Stock Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Rolling Stock Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Rolling Stock Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Rolling Stock Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Rolling Stock Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Rolling Stock Market Structure
Key Questions Answered in the Report
In 2022, the global market for rolling stock attained a value of approximately USD 61.37 billion.
The market is projected to grow at a CAGR of 4.10% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 77.88 billion by 2028.
The market is being driven by the rising demand for rail transit and the integration of artificial intelligence (AI) in rolling stocks.
The key rolling stock market trends include the growing demand for alternative fuels, rising preference for green rolling stocks, and increasing demand for advanced hydrogen trains.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant types of rolling stock in the market are locomotives, metros, monorails, trams, freight wagons, and passenger coaches, among others.
The primary end uses of rolling stock in the market are passenger transit and cargo train.
The major players in the market, according to the report, are Alstom, Bombardier Transportation, CRRC Corporation Limited, Hitachi, Ltd., Hyundai Corporation, Stadler Rail AG, Construcciones y Auxiliar de Ferrocarriles, S.A., Wabtec Corporation, and Nippon Sharyo,Ltd, among others.
Analyst Review
The global rolling stock market attained a value of approximately USD 61.37 billion in 2022, 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 2023-2028, growing at a CAGR of 4.10%. The market is projected to reach about USD 77.88 billion by 2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on types, the market is segmented into locomotives, metros, monorails, trams, freight wagons, and passenger coaches, among others. On the basis of end use, the market 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., Hyundai Corporation, Stadler Rail AG, Construcciones y Auxiliar de Ferrocarriles, S.A., Wabtec Corporation, and Nippon Sharyo,Ltd, 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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