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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.
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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.
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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.
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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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