Report Scope & Overview:
The 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 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.
Get Sample Copy of Rolling Stock Market - Request Sample Report
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 ESTIMATION:
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.
MARKET 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
.png)
Get Customized Report as per Your Business Requirement - Enquiry Now
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.
REGIONAL COVERAGE:
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
KEY PLAYERS:
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.
Hyundai Corporation-Company Financial Analysis
| 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. |
USD 53.87 billion is the market value in 2022.
Rolling Stock Market is CAGR of 4.2% From 2023 to 2030.
The forecast period of the Rolling Stock Market is 2023-2030.
The Asia-Pacific is a high share of the Rolling Stock Market
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
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 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
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Market Scope & Overview Automatic lift Gates Market was sized at USD 1259.2 million in 2022 a
The Automotive Fuel Tank Market size is expected to reach USD 24.20 Bn by 2030, the market was valued at USD 17.10 Bn in 2022 and will grow at a CAGR of 2.10% over the forecast period of 2023-2030.
Report Scope & Overview: Automotive Exhaust Emission Control Device Mar
The Electric Scooters Market size was valued at USD 32.80 Bn in 2022 and is expected to reach USD 68.29 Bn by 2030 and grow at a CAGR of 9.6% over the forecast period of 2023-2030.
The Automotive Collision Repair Market size is expected to reach USD 222.23 Bn by 2030 and is valued at USD 194.20 Bn in 2022, the CAGR recorded was 1.7% over the forecast period of 2023-2030.
Report Scope & Overview: Yacht Market Size was valued at USD 9
Hi! Click one of our member below to chat on Phone
© 2023 All Rights Reserved by SNS Insider Pvt Ltd
