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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 (2018-2028); 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 2023-2028 at a CAGR of 3.8% to reach nearly USD 71.3 billion by 2026.

 

Global Rolling Stock Market

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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.

 

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: Market 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.

 

Global Rolling Stock Market By Segment

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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.

 

Global Rolling Stock Market By Region

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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 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- 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, 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.

 

*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    Industry Opportunities and Challenges
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    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
            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 (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Monorails
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Trams
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Freight Wagons
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
        8.4.6    Passenger Coaches
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2018-2022)
            8.4.6.3    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    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Cargo Train
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)    
    8.6    Global Rolling Stock Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Rolling Stock Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Rolling Stock Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Rolling Stock Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Rolling Stock Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Rolling Stock Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    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    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 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 2023-2028 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 2023-2028, 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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