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Rolling Stock Market

Rolling Stock Market Size, Share and Segmentation by Product Type (Locomotive Coaches, Rapid Transit, Wagons, Others), by Application Type (Passenger Application, Freight Application), by Locomotive Technology (Conventional Locomotive, Maglev, Turbocharged Locomotive), by Regions and Global Market Forecast 2023-2030

Report Id: SNS/AUTO/1216 | May 2022 | Region: Global | 130 Pages

Report Scope & Overview:

Rolling Stock Market Size was valued at USD 53.87 billion in 2022 and is expected to reach USD 74.86 billion by 2030 and grow at a CAGR of 4.2% over the forecast period 2023-2030.

Any vehicle that can travel on a railroad is referred to as rolling stock in the railway transportation industry. It covers both powered and non-powered vehicles. The autonomous rolling stock trend is currently on the rise. In the railway transportation industry, rolling stock refers to vehicles that run along railway lines. The set includes locomotives, railroad vehicles, carriages, railway sets, and wagons. Diesel and electric locomotives are classified into two classes based on their propulsion technology. Rail travel is becoming increasingly popular as a mode of transportation due to its low cost and ability to transport huge or bulky products across long distances.

Rolling Stock Market Revenue Graph

One option being investigated is kinetic energy recovery systems, which gather the energy released when a locomotive uses its brakes while pushing or pulling rail cars and store it for motive use when the engineer needs it. This method will enable locomotives to carry more weight over challenging terrain without increasing engine horsepower much. A locomotive, DMU, EMU, or rail car is made up of a series of progressively complex assemblies and subsystems that are either produced in-house or purchased from other manufacturers of railway rolling equipment.



  • An increase in the budgetary allocation for railway development.

  • The desire for more secure, safer, and efficient transportation.

  • Due to an increase in the usage of public transportation as a means of reducing road congestion.


  • The rolling stock market is expected to be hampered by the refurbishment of current rolling stock.

  • Railroads and train lines require consistent funding from residents and the government.


  • Growth in autonomous train development and testing.

  • Railway infrastructure improvement, particularly in underdeveloped nations.

  • The expansion of the rolling stock market is likely to be aided by an increase in industrial and mining activity.


  • The greatest difficulty facing the market is hauled costs and keeping up with costly upkeep.

  • COVID-19's long-term impact on passenger transportation.


Following the WHO's instructions to prevent the virus from spreading, governments in many countries have implemented lockdown and trade restrictions, disrupting shipments. The rolling stock industry is under severe strain as a result of the circumstances. Along with initial supply and production process delays, the industry is now experiencing a setback owing to decreasing demand, with an uncertain recovery date. As a result, lower rolling stock output owing to the temporary shutdown of manufacturing plants is likely to have a negative influence on the rolling stock market's growth. Furthermore, demand for rolling stock is typically proportionate to government budgets as well as rail operator demand.


Alstom, Bombardier Transportation, S.A (CAF), CRRC Corporation Limited, Hitachi, Ltd., Hyundai Corporation, IHI Corporation, Construcciones Y Auxiliar De Ferrocarriles, Kawasaki Heavy Industries, Ltd., Pesa Bydgoszcz SA, PPF Group N.V., Siemens AG, Nippon Sharyo, Ltd., Stadler Rail AG, Talgo, Tatravagonka A.S. Poprad, Inc., The Kinki Sharyo Co., Ltd., Transmashholding, Trinity Industries, The Greenbrier Companies, and Wabtec Corporation are some of the affluent competitors with significant market share.


Market, By Product Type:

The global market is divided into Locomotive, Coaches, Rapid Transit, Wagons, and Others Based on the Product type. Railways' convenience and safety, as well as their cost-effectiveness and low emissions when compared to other modes of transportation for bulk and mass freight transit, are strengthening the worldwide freight transportation market. In custom-designed vehicles, freight wagons convey cargo such as bulk material, intermodal containers, general freight, or specialized freight.

Market, By Application Type:

According to the Application type segment, the global market is divided into Passenger Applications and Freight Applications. The growing demand for efficient transportation of industrial and commercial commodities is propelling the rolling stock industry for freight transportation forward. Other modes of transportation are less efficient and cost-effective than rail transportation. As a result, countries are encouraging the use of rolling stock for freight transport.

Market, by Locomotive technology:

Based on the locomotive technology segment, the global market has been divided into Conventional locomotives, Maglev and Turbocharged Locomotive. As the world becomes more urbanized, more public transportation is being developed to alleviate traffic congestion in cities. As a result, the trend of rail line electrification is likely to increase the demand for electric locomotives.


By Product Type:

  • Locomotive

  • Coaches

  • Rapid Transit

  • Wagons

  • Others

By Application Type:

  • Passenger Application

  • Freight Application

By Locomotive Technology:

  • Conventional Locomotive

  • Maglev

  • Turbocharged Locomotive

Rolling Stock Market Segment Chart


In the rolling stock market, the Asia-Pacific region is predicted to have the biggest demand. Furthermore, the European government has funded the growth of the rolling stock market, which is expected to continue. Furthermore, the development of the rolling stock market per region has accelerated throughout the Middle East and parts of Africa. North America, South America, Asia-Pacific, Europe, the Middle East, and Africa are the main six regions in the market. The rolling stock market provides the most development, demand, and consumption in these various regions.

Oceania is predicted to have the greatest market share in terms of volume. The demand for rolling stocks in this region is being driven by significant urbanization, large volumes of goods moved by rail, rising demand for the metro rail network, and dedicated railway freight routes. Apart from that, the area dominates the global market due to increased production, domestic demand, capacity expansions by rolling stock manufacturers, and bigger order intake volume.


  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Rolling Stock Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 53.87 Billion
Market Size by 2030 US$ 74.86 Billion
CAGR CAGR of 4.2% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Product Type (Locomotive Coaches, Rapid Transit, Wagons, Others)
• by Application Type (Passenger Application, Freight Application)
• by Locomotive Technology (Conventional Locomotive, Maglev, Turbocharged Locomotive)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Alstom, Bombardier Transportation, S.A (CAF), CRRC Corporation Limited, Hitachi, Ltd., Hyundai Corporation, IHI Corporation, Construcciones Y Auxiliar De Ferrocarriles, Kawasaki Heavy Industries, Ltd., Pesa Bydgoszcz SA, PPF Group N.V., Siemens AG, Nippon Sharyo, Ltd., Stadler Rail AG, Talgo, Tatravagonka A.S. Poprad, Inc., The Kinki Sharyo Co., Ltd., Transmashholding, Trinity Industries, The Greenbrier Companies, and Wabtec Corporation
Key Drivers An increase in the budgetary allocation for railway development.

The desire for more secure, safer, and efficient transportation.
RESTRAINTS The rolling stock market is expected to be hampered by the refurbishment of current rolling stock.

Railroads and train lines require consistent funding from residents and the government.

Frequently Asked Questions (FAQ) :

Table of Contents


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World


5. Value Chain Analysis


6. Porter’s 5 forces model


7.  PEST Analysis


8. Global Rolling Stock Market Segmentation, by Product type

8.1 Locomotive

8.2 Coaches

8.3 Rapid Transit

8.4 Wagons

8.5 Others


9. Global Rolling Stock Market Segmentation, by Application type

9.1 Passenger Application

9.2 Freight Application


10. Global Rolling Stock Market Segmentation, by Locomotive technology

10.1 Conventional Locomotive

10.2 Maglev

10.3 Turbocharged Locomotive


11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America


12. Company Profiles

12.1 Siemens AG,

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Alstom, Bombardier Transportation

12.3 S.A (CAF)

12.4 CRRC Corporation Limited

12.5 Hitachi, Ltd.

12.6 Hyundai Corporation

12.7 IHI Corporation

12.8 Construcciones Y Auxiliar De Ferrocarriles

12.9 Kawasaki Heavy Industries

12.10 Pesa Bydgoszcz SA

12.11 PPF Group N.V.

12.12 Nippon Sharyo, Ltd.

12.13 Stadler Rail AG

12.14 Talgo

12.15 Tatravagonka A.S. Poprad, Inc.

12.16 The Kinki Sharyo Co., Ltd.

12.17 Transmashholding

12.18 Trinity Industries

12.19 The Greenbrier Companies

12.20 Wabtec Corporation


13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments


14. Conclusion

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Secondary Research

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