The global rolling stock market size was estimated at around USD 61.58 billion in 2022 and it is projected to hit around USD 110.59 billion by 2032, growing at a CAGR of 6.03% from 2023 to 2032.
Key Pointers
Report Scope of the Rolling Stock Market
| Report Coverage | Details |
| Market Size in 2022 | USD 61.58 billion |
| Revenue Forecast by 2032 | USD 110.59 billion |
| Growth rate from 2023 to 2032 | CAGR of 6.03% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | CRRC Corporation; Trinity Rail; Alstom Transport; GE Transportation; Siemens Mobility; Stadler Rail AG; Hitachi Rail System; The Greenbrier Co.; Hyundai Rotem. |
Rolling stock such as wagons, locomotives, freights, and rapid transit vehicles plays an integral role in facilitating comfortable, reliable, and cost-effective transportation for passengers and transporting goods across long distances. The rolling stock demand has witnessed an increase in the forecast period owing to an increase in the adoption of public transport such as local trains, passenger trains, and metros. Increasing budget allocation and launching various initiatives by the Governments for the development of railway infrastructure is also proving to be an effective parameter for the overall rolling stock market growth.
In April 2022, Bharat Heavy Electricals Limited (BHEL) announced an order confirmation from NTPC Ltd., an Indian energy conglomerate, to purchase six electric locomotives, which will be brought into service for the first time in industrial applications in India. The company's factory in Jhansi, Uttar Pradesh, will manufacture the locomotives. While its Bhopal plant will provide the traction motors for the locomotives, its Bengaluru unit will develop and deliver the IGBT (Insulated Gate Bipolar Transistors)-based propulsion equipment.
The shockwaves of COVID-19 were felt throughout the globe. Following the guidelines issued by the WHO, many countries placed lockdown which resulted in halting trade worldwide. Exports and imports were disrupted majorly from countries like China, resulting in manufacturing suspension and closures of factories worldwide. These circumstances impacted the rolling stock market negatively. With the disruptions caused through the manufacturing process and the supply chain, the global rolling stock market was looking at an uncertain recovery timeline due to decreased demand for the locomotive fleet.
The demand for rolling stock was affected in countries impacted by COVID-19; owning partial or fully enacted lockdown, and travel restrictions further decreased the demand. However, as the lockdown was lifted throughout the world, easing trade and travel restrictions; the demand for rolling stock experienced recovery as manufacturing and factory operations were resumed initiating the continuation of railway projects around the world.
Since the establishment of the railway transport system, the rolling stock has gone through substantial technological advancement. The technological iterations are making railway travel more comfortable, convenient, and equipped with facilities, and fast while being environmentally friendly. Major players are innovating solutions based on rolling stocks existing technical advantages. Many companies are developing lightweight components to increase fuel efficiency and reliability of trains.
The development of regenerative breaking technology facilitates energy conservation and decreasing need for mechanical breaks, thus increasing the efficiency of rolling stock. These developments are expected to impact the global rolling stock market growth in a positive manner. For instance, in November 2022, Siemens has established a new rail bogies manufacturing factory in Aurangabad, Maharashtra, India. The new factory, created to suit the rising demand in India and elsewhere, can deliver more than 200 bogies to fulfill one export order. Siemens' SF30 Combino Plus global design concept was used to create these rail bogies. The factory has a "flexible" production line to accommodate domestic and international rolling stock demands. It can make bogies for trams, metros, locomotives, coaches, and multiple electric units.
Rolling Stock Market Segmentations:
| By Product | By Type | By Train Type |
|
Locomotive Rapid Transit Vehicle Wagon |
Diesel Electric |
Rail Freight Rail Passenger |
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Product Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Rolling Stock Market
5.1. COVID-19 Landscape: Rolling Stock Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Rolling Stock Market, By Product
8.1. Rolling Stock Market, by Product, 2023-2032
8.1.1 Locomotive
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Rapid Transit Vehicle
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Wagon
8.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Rolling Stock Market, By Type
9.1. Rolling Stock Market, by Type, 2023-2032
9.1.1. Diesel
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Electric
9.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Rolling Stock Market, By Train Type
10.1. Rolling Stock Market, by Train Type, 2023-2032
10.1.1. Rail Freight
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Rail Passenger
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Rolling Stock Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2020-2032)
11.1.2. Market Revenue and Forecast, by Type (2020-2032)
11.1.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.1.4.2. Market Revenue and Forecast, by Type (2020-2032)
11.1.4.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.1.5.2. Market Revenue and Forecast, by Type (2020-2032)
11.1.5.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.2. Market Revenue and Forecast, by Type (2020-2032)
11.2.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.4.2. Market Revenue and Forecast, by Type (2020-2032)
11.2.4.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.5.2. Market Revenue and Forecast, by Type (2020-2032)
11.2.5.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.6.2. Market Revenue and Forecast, by Type (2020-2032)
11.2.6.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.7.2. Market Revenue and Forecast, by Type (2020-2032)
11.2.7.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.2. Market Revenue and Forecast, by Type (2020-2032)
11.3.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.4.2. Market Revenue and Forecast, by Type (2020-2032)
11.3.4.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.5.2. Market Revenue and Forecast, by Type (2020-2032)
11.3.5.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.6.2. Market Revenue and Forecast, by Type (2020-2032)
11.3.6.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.7.2. Market Revenue and Forecast, by Type (2020-2032)
11.3.7.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.2. Market Revenue and Forecast, by Type (2020-2032)
11.4.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.4.2. Market Revenue and Forecast, by Type (2020-2032)
11.4.4.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.5.2. Market Revenue and Forecast, by Type (2020-2032)
11.4.5.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.6.2. Market Revenue and Forecast, by Type (2020-2032)
11.4.6.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.7.2. Market Revenue and Forecast, by Type (2020-2032)
11.4.7.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.5.2. Market Revenue and Forecast, by Type (2020-2032)
11.5.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.5.4.2. Market Revenue and Forecast, by Type (2020-2032)
11.5.4.3. Market Revenue and Forecast, by Train Type (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.5.5.2. Market Revenue and Forecast, by Type (2020-2032)
11.5.5.3. Market Revenue and Forecast, by Train Type (2020-2032)
Chapter 12. Company Profiles
12.1. CRRC Corporation
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Trinity Rail
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Alstom Transport
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. GE Transportation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Siemens Mobility
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Stadler Rail AG
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Hitachi Rail System
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. The Greenbrier Co.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Hyundai Rotem.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers