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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.
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.
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.
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.
By Product Type
Locomotive Coaches
Rapid Transit
Wagon
By Type
Diesel
Electric
By Train Type
Rail Freight
Rail Passenger
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.
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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
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.
| 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. |
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
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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