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Rolling Stock Market Report Scope & Overview:

The Rolling Stock Market Size was valued at USD 64 billion in 2023 and is expected to reach USD 105.92 billion by 2031 and grow at a CAGR of 6.5% over the forecast period 2024-2031.

Any vehicle that can travel on a railroad is referred to as rolling stock in the smart 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 Analysis

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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.

MARKET DYNAMICS:

KEY DRIVERS:

  • 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.

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.

OPPORTUNITIES:

  • 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.

CHALLENGES:

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

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

IMPACT OF COVID-19:

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.

MARKET SEGMENTATION:

By Product Type

  • Locomotive Coaches

  • Rapid Transit

  • Wagon

By Type

  • Diesel

  • Electric

By Train Type

  • Rail Freight

  • Rail Passenger

REGIONAL ANALYSIS:

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.

Rolling Stock Market By Region

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REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America      

KEY PLAYERS:

Alstom, CRRC Corporation Limited, Hitachi, Ltd., Hyundai Corporation, Kawasaki Heavy Industries Ltd., Siemens AG, Stadler Rail AG, Trinity Industries, The Greenbrier Companies, GE Transportation are some of the affluent competitors with significant market share.

Hyundai Corporation-Company Financial Analysis

Company Landscape Analysis

Rolling Stock Market Report Scope:
Report Attributes Details
Market Size in 2023 US$ 64 Billion
Market Size by 2031 US$ 105.92 Billion
CAGR CAGR of 6.5% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
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)
• by Type (Diesel, Electric)
• by Train Type (Rail Freight, Rail Passenger)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles Alstom, CRRC Corporation Limited, Hitachi, Ltd., Hyundai Corporation, Kawasaki Heavy Industries Ltd., Siemens AG, Stadler Rail AG, Trinity Industries, The Greenbrier Companies, GE Transportation
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

USD 64 billion is the market value in 2023.

Rolling Stock Market is CAGR of 6.5% From 2024 to 2031.

The forecast period of the Rolling Stock Market is 2024-2031.

The Asia-Pacific is a high share of the Rolling Stock Market

  • Growth in autonomous train development and testing.
  • Railway infrastructure improvement, particularly in underdeveloped nations.

TABLE OF CONTENTS

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

5. Impact Analysis

5.1 Impact of Russia-Ukraine Crisis

5.2 Impact of Economic Slowdown on Major Countries

5.2.1 Introduction

5.2.2 United States

5.2.3 Canada

5.2.4 Germany

5.2.5 France

5.2.6 UK

5.2.7 China

5.2.8 Japan

5.2.9 South Korea

5.2.10 India

6. Value Chain Analysis

7. Porter’s 5 Forces Model

8. Pest Analysis

9. Rolling Stock Market Segmentation, By Product Type

9.1 Introduction

9.2 Trend Analysis

9.3 Locomotive Coaches

9.4 Rapid Transit

9.5 Wagon

10. Rolling Stock Market Segmentation, By Type

10.1 Introduction

10.2 Trend Analysis

10.3 Diesel

10.4 Electric

11. Rolling Stock Market Segmentation, By Train Type

11.1 Introduction

11.2 Trend Analysis

11.3 Rail Freight

11.4 Rail Passenger

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 Trend Analysis

12.2.2 North America Rolling Stock Market by Country

12.2.3 North America Rolling Stock Market By Product Type

12.2.4 North America Rolling Stock Market By Type

12.2.5 North America Rolling Stock Market By Train Type

12.2.6 USA

12.2.6.1 USA Rolling Stock Market By Product Type

12.2.6.2 USA Rolling Stock Market By Type

12.2.6.3 USA Rolling Stock Market By Train Type

12.2.7 Canada

12.2.7.1 Canada Rolling Stock Market By Product Type

12.2.7.2 Canada Rolling Stock Market By Type

12.2.7.3 Canada Rolling Stock Market By Train Type

12.2.8 Mexico

12.2.8.1 Mexico Rolling Stock Market By Product Type

12.2.8.2 Mexico Rolling Stock Market By Type

12.2.8.3 Mexico Rolling Stock Market By Train Type

12.3 Europe

12.3.1 Trend Analysis

12.3.2 Eastern Europe

12.3.2.1 Eastern Europe Rolling Stock Market by Country

12.3.2.2 Eastern Europe Rolling Stock Market By Product Type

12.3.2.3 Eastern Europe Rolling Stock Market By Type

12.3.2.4 Eastern Europe Rolling Stock Market By Train Type

12.3.2.5 Poland

12.3.2.5.1 Poland Rolling Stock Market By Product Type

12.3.2.5.2 Poland Rolling Stock Market By Type

12.3.2.5.3 Poland Rolling Stock Market By Train Type

12.3.2.6 Romania

12.3.2.6.1 Romania Rolling Stock Market By Product Type

12.3.2.6.2 Romania Rolling Stock Market By Type

12.3.2.6.4 Romania Rolling Stock Market By Train Type

12.3.2.7 Hungary

12.3.2.7.1 Hungary Rolling Stock Market By Product Type

12.3.2.7.2 Hungary Rolling Stock Market By Type

12.3.2.7.3 Hungary Rolling Stock Market By Train Type

12.3.2.8 Turkey

12.3.2.8.1 Turkey Rolling Stock Market By Product Type

12.3.2.8.2 Turkey Rolling Stock Market By Type

12.3.2.8.3 Turkey Rolling Stock Market By Train Type

12.3.2.9 Rest of Eastern Europe

12.3.2.9.1 Rest of Eastern Europe Rolling Stock Market By Product Type

12.3.2.9.2 Rest of Eastern Europe Rolling Stock Market By Type

12.3.2.9.3 Rest of Eastern Europe Rolling Stock Market By Train Type

12.3.3 Western Europe

12.3.3.1 Western Europe Rolling Stock Market by Country

12.3.3.2 Western Europe Rolling Stock Market By Product Type

12.3.3.3 Western Europe Rolling Stock Market By Type

12.3.3.4 Western Europe Rolling Stock Market By Train Type

12.3.3.5 Germany

12.3.3.5.1 Germany Rolling Stock Market By Product Type

12.3.3.5.2 Germany Rolling Stock Market By Type

12.3.3.5.3 Germany Rolling Stock Market By Train Type

12.3.3.6 France

12.3.3.6.1 France Rolling Stock Market By Product Type

12.3.3.6.2 France Rolling Stock Market By Type

12.3.3.6.3 France Rolling Stock Market By Train Type

12.3.3.7 UK

12.3.3.7.1 UK Rolling Stock Market By Product Type

12.3.3.7.2 UK Rolling Stock Market By Type

12.3.3.7.3 UK Rolling Stock Market By Train Type

12.3.3.8 Italy

12.3.3.8.1 Italy Rolling Stock Market By Product Type

12.3.3.8.2 Italy Rolling Stock Market By Type

12.3.3.8.3 Italy Rolling Stock Market By Train Type

12.3.3.9 Spain

12.3.3.9.1 Spain Rolling Stock Market By Product Type

12.3.3.9.2 Spain Rolling Stock Market By Type

12.3.3.9.3 Spain Rolling Stock Market By Train Type

12.3.3.10 Netherlands

12.3.3.10.1 Netherlands Rolling Stock Market By Product Type

12.3.3.10.2 Netherlands Rolling Stock Market By Type

12.3.3.10.3 Netherlands Rolling Stock Market By Train Type

12.3.3.11 Switzerland

12.3.3.11.1 Switzerland Rolling Stock Market By Product Type

12.3.3.11.2 Switzerland Rolling Stock Market By Type

12.3.3.11.3 Switzerland Rolling Stock Market By Train Type

12.3.3.1.12 Austria

12.3.3.12.1 Austria Rolling Stock Market By Product Type

12.3.3.12.2 Austria Rolling Stock Market By Type

12.3.3.12.3 Austria Rolling Stock Market By Train Type

12.3.3.13 Rest of Western Europe

12.3.3.13.1 Rest of Western Europe Rolling Stock Market By Product Type

12.3.3.13.2 Rest of Western Europe Rolling Stock Market By Type

12.3.3.13.3 Rest of Western Europe Rolling Stock Market By Train Type

12.4 Asia-Pacific

12.4.1 Trend Analysis

12.4.2 Asia-Pacific Rolling Stock Market by Country

12.4.3 Asia-Pacific Rolling Stock Market By Product Type

12.4.4 Asia-Pacific Rolling Stock Market By Type

12.4.5 Asia-Pacific Rolling Stock Market By Train Type

12.4.6 China

12.4.6.1 China Rolling Stock Market By Product Type

12.4.6.2 China Rolling Stock Market By Type

12.4.6.3 China Rolling Stock Market By Train Type

12.4.7 India

12.4.7.1 India Rolling Stock Market By Product Type

12.4.7.2 India Rolling Stock Market By Type

12.4.7.3 India Rolling Stock Market By Train Type

12.4.8 Japan

12.4.8.1 Japan Rolling Stock Market By Product Type

12.4.8.2 Japan Rolling Stock Market By Type

12.4.8.3 Japan Rolling Stock Market By Train Type

12.4.9 South Korea

12.4.9.1 South Korea Rolling Stock Market By Product Type

12.4.9.2 South Korea Rolling Stock Market By Type

12.4.9.3 South Korea Rolling Stock Market By Train Type

12.4.10 Vietnam

12.4.10.1 Vietnam Rolling Stock Market By Product Type

12.4.10.2 Vietnam Rolling Stock Market By Type

12.4.10.3 Vietnam Rolling Stock Market By Train Type

12.4.11 Singapore

12.4.11.1 Singapore Rolling Stock Market By Product Type

12.4.11.2 Singapore Rolling Stock Market By Type

12.4.11.3 Singapore Rolling Stock Market By Train Type

12.4.12 Australia

12.4.12.1 Australia Rolling Stock Market By Product Type

12.4.12.2 Australia Rolling Stock Market By Type

12.4.12.3 Australia Rolling Stock Market By Train Type

12.4.13 Rest of Asia-Pacific

12.4.13.1 Rest of Asia-Pacific Rolling Stock Market By Product Type

12.4.13.2 Rest of Asia-Pacific Rolling Stock Market By Type

12.4.13.3 Rest of Asia-Pacific Rolling Stock Market By Train Type

12.5 Middle East & Africa

12.5.1 Trend Analysis

12.5.2 Middle East

12.5.2.1 Middle East Rolling Stock Market by Country

12.5.2.2 Middle East Rolling Stock Market By Product Type

12.5.2.3 Middle East Rolling Stock Market By Type

12.5.2.4 Middle East Rolling Stock Market By Train Type

12.5.2.5 UAE

12.5.2.5.1 UAE Rolling Stock Market By Product Type

12.5.2.5.2 UAE Rolling Stock Market By Type

12.5.2.5.3 UAE Rolling Stock Market By Train Type

12.5.2.6 Egypt

12.5.2.6.1 Egypt Rolling Stock Market By Product Type

12.5.2.6.2 Egypt Rolling Stock Market By Type

12.5.2.6.3 Egypt Rolling Stock Market By Train Type

12.5.2.7 Saudi Arabia

12.5.2.7.1 Saudi Arabia Rolling Stock Market By Product Type

12.5.2.7.2 Saudi Arabia Rolling Stock Market By Type

12.5.2.7.3 Saudi Arabia Rolling Stock Market By Train Type

12.5.2.8 Qatar

12.5.2.8.1 Qatar Rolling Stock Market By Product Type

12.5.2.8.2 Qatar Rolling Stock Market By Type

12.5.2.8.3 Qatar Rolling Stock Market By Train Type

12.5.2.9 Rest of Middle East

12.5.2.9.1 Rest of Middle East Rolling Stock Market By Product Type

12.5.2.9.2 Rest of Middle East Rolling Stock Market By Type

12.5.2.9.3 Rest of Middle East Rolling Stock Market By Train Type

12.5.3 Africa

12.5.3.1 Africa Rolling Stock Market by Country

12.5.3.2 Africa Rolling Stock Market By Product Type

12.5.3.3 Africa Rolling Stock Market By Type

12.5.3.4 Africa Rolling Stock Market By Train Type

12.5.3.5 Nigeria

12.5.3.5.1 Nigeria Rolling Stock Market By Product Type

12.5.3.5.2 Nigeria Rolling Stock Market By Type

12.5.3.5.3 Nigeria Rolling Stock Market By Train Type

12.5.3.6 South Africa

12.5.3.6.1 South Africa Rolling Stock Market By Product Type

12.5.3.6.2 South Africa Rolling Stock Market By Type

12.5.3.6.3 South Africa Rolling Stock Market By Train Type

12.5.3.7 Rest of Africa

12.5.3.7.1 Rest of Africa Rolling Stock Market By Product Type

12.5.3.7.2 Rest of Africa Rolling Stock Market By Type

12.5.3.7.3 Rest of Africa Rolling Stock Market By Train Type

12.6 Latin America

12.6.1 Trend Analysis

12.6.2 Latin America Rolling Stock Market by country

12.6.3 Latin America Rolling Stock Market By Product Type

12.6.4 Latin America Rolling Stock Market By Type

12.6.5 Latin America Rolling Stock Market By Train Type

12.6.6 Brazil

12.6.6.1 Brazil Rolling Stock Market By Product Type

12.6.6.2 Brazil Rolling Stock Market By Type

12.6.6.3 Brazil Rolling Stock Market By Train Type

12.6.7 Argentina

12.6.7.1 Argentina Rolling Stock Market By Product Type

12.6.7.2 Argentina Rolling Stock Market By Type

12.6.7.3 Argentina Rolling Stock Market By Train Type

12.6.8 Colombia

12.6.8.1 Colombia Rolling Stock Market By Product Type

12.6.8.2 Colombia Rolling Stock Market By Type

12.6.8.3 Colombia Rolling Stock Market By Train Type

12.6.9 Rest of Latin America

12.6.9.1 Rest of Latin America Rolling Stock Market By Product Type

12.6.9.2 Rest of Latin America Rolling Stock Market By Type

12.6.9.3 Rest of Latin America Rolling Stock Market By Train Type

13. Company Profiles

13.1 Alstom

13.1.1 Company Overview

13.1.2 Financial

13.1.3 Products/ Services Offered

13.1.4 SWOT Analysis

13.1.5 The SNS View

13.2 CRRC Corporation Limited

13.2.1 Company Overview

13.2.2 Financial

13.2.3 Products/ Services Offered

13.2.4 SWOT Analysis

13.2.5 The SNS View

13.3 Hitachi, Ltd

13.3.1 Company Overview

13.3.2 Financial

13.3.3 Products/ Services Offered

13.3.4 SWOT Analysis

13.3.5 The SNS View

13.4 Hyundai Corporation

13.4.1 Company Overview

13.4.2 Financial

13.4.3 Products/ Services Offered

13.4.4 SWOT Analysis

13.4.5 The SNS View

13.5 Kawasaki Heavy Industries Ltd

13.5.1 Company Overview

13.5.2 Financial

13.5.3 Products/ Services Offered

13.5.4 SWOT Analysis

13.5.5 The SNS View

13.6 Siemens AG

13.6.1 Company Overview

13.6.2 Financial

13.6.3 Products/ Services Offered

13.6.4 SWOT Analysis

13.6.5 The SNS View

13.7 Stadler Rail AG

13.7.1 Company Overview

13.7.2 Financial

13.7.3 Products/ Services Offered

13.7.4 SWOT Analysis

13.7.5 The SNS View

13.8 Trinity Industries

13.8.1 Company Overview

13.8.2 Financial

13.8.3 Products/ Services Offered

13.8.4 SWOT Analysis

13.8.5 The SNS View

13.9 The Greenbrier Companies

13.9.1 Company Overview

13.9.2 Financial

13.9.3 Products/ Services Offered

13.9.4 SWOT Analysis

13.9.5 The SNS View

13.10 GE Transportation

13.10.1 Company Overview

13.10.2 Financial

13.10.3 Products/ Services Offered

13.10.4 SWOT Analysis

13.10.5 The SNS View

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share Analysis

14.3 Recent Developments

14.3.1 Industry News

14.3.2 Company News

14.3.3 Mergers & Acquisitions

15. Use Case and Best Practices

16. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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