Rolling Stock Market Research Report - Global Forecast till 2030

Rolling Stock Market Research Report: Information by Type (Diesel and Electric), by Product Type (Wagon, Rapid Transit Vehicle and Locomotive), by Train Type (Rail Freight and Passenger Rail) and by Region (North America, Europe, Asia-Pacific (APAC) and the Rest of the World) - Forecast till 2030

ID: MRFR/CnM/6412-CR | May 2019 | Region: Bric | 132 pages

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Rolling Stock Market Overview:

The Rolling Stock market is expected to grow at a CAGR of 4.9% over the next five years. Many projects and investments are made to better the railroad's services and meet the increasing demand across the globe and help expand the Rolling stock market.

The rolling stock market looks after all the railroad services provided to the world. An increase in world population has increased the number of passengers traveling around the globe which directly has increased the demand in the market. Many factors such as rise in standard, the demand for comfort, urbanization, time-saving transport facilities, and others have contributed to the growth of the global rolling stock market. Railroads are used for many purposes such as transportation of goods, animals, and most commonly passengers. Asia-Pacific region covers the largest land area among all the regions and is the most populated region, it is expected to contribute the highest growth rate to the market. But Asia-Pacific region is expected to show the second largest growth after the Middle-East Africa region in terms of growth and development.

COVID-19 Analysis:

The impact of COVID-19 is observed differently in different markets. The outbreak of deadly virus forced the government around the world to impose nationwide lockdown which directly affected all kinds of markets. Only necessary services and workers were allowed. Even though transport and railroad services are important to maintain the flow around the world, the market was affected negatively. The one reason for the decrease in demand from the rolling stock market is the decreased budget allocated to railways by the government.

Major manufacturers of rolling stock markets such as Bombardier (US), announced the suspension of production due to a decrease in demand during the lockdown period. Many companies and major key players of the market are adapting to new strategies to cope up with the negative effect of the COVID-19 situation.

Market Dynamics:

Drivers: The two major growth drivers of the market are:

  • The demand for an energy-efficient transport system: All developments in railroad systems have been made to advance the system and working of the market. However, providing all the comforts and easy access, the demand for energy-efficient transport systems will play the role of a major driver in the growth of this market.

  • Increased use of rail-lines: Railways being the cheapest transport available around the globe with providing comfort has attracted people to use it more often. Increased use of rail lines has benefited the rolling stock market. Also, the expansion of the metro north rolling stock market has played a role as a major growth driver.

Opportunities: The market for rolling stock is capable of seizing several opportunities in the future. The connectivity and flow of the world depend on the rolling stock market.

  • Development in mining industries: Introduction of freight transport to transport goods and material from industries or locals has simplified the option for end-users. As freight transport is cost-efficient and reliable compared to other road transport.


  • Capital intensive rolling stock: railroads and rail lines connecting the world acquire enormous capital for infrastructure and working. Apart from this it also needs regular funding from the locals and the government. Therefore, this performs as major restraints for this market.


  • High Maintenance: From all the challenges that the market faces, let it be budget or demand, the major challenge is haul cost and keeping with high maintenance. The maintenance includes the cost of electricity, mechanics, the hydraulic needs of the vehicle.

Value Chain Analysis:

Looking at the working of the rolling stock market, the market works on the budget given to it by the government, locals, and the profit it earns from the services. Currently, rolling stock is keeping a good eye on its rail lines as it is providing the maximum profit and is projected to expand further by 2025. The market is working on the expansion of the metro and electrical network. The services provided by rolling stock manufacturers to the world are the transportation of goods and passengers, connectivity, and services to commercial industries.

Segment Overview:

  • By Product- The first segment by product is Locomotive, the second segment is Rapid transit vehicles such as DMU, EMU, Light Rail/Tram, Subway/Metro, Coach, and the last segment by-product is Wagon.

  • By Component- The rolling stock market segment by product are- Pantograph, Axle, Wheelset, Traction Motor, Auxiliary Power System, Air Conditioning System, Passenger Information System, Position Train Control, Brakes, Gearboxes, Train Control Systems.

  • By Region- Rolling stock market is divided into 5 major segments by regions, namely-

  • North America majorly includes the USA, Canada, and Mexico.

  • Europe that includes the United Kingdom, Germany, and Russia, etc.

  • Asia- Pacific region that majorly includes countries such as China, Japan, India, etc.

  • South America majorly includes Brazil.

  • The Middle East and Africa.

  • By Application- Rolling stock market has a defined number of applications around the world. Majorly it is divided into segments by applications which are freight application and Passenger application.

  • By Locomotive Technology- Conventional Locomotive, Turbocharge Locomotive, Maglev, Diesel Locomotive, Electric Locomotive, Electro-diesel Locomotive.

Regional Analysis:

To understand the growth of a market and view the highest demand from a particular region, a regional analysis of that market is important. For, rolling stock market, Asia- Pacific region is expected to report the highest demand in rolling stocks. Further, Europe is projected to highlight sustainable rise as the European government has invested in the growth of the rolling stock market. Moreover, the Middle East and parts of Africa have shown a steep rise in the development of the rolling stock market by region. The market is divided into the top six regions that are North America, South America, Asia-Pacific,  Europe, the Middle- East, and Africa. These different regions avail the highest development, demand, and consumption from the rolling stock market.

Competitive Landscape:

The major companies and key players of the market are expanding their company by acquiring small companies, collaborating with other potential companies, launching new and advanced rolling stocks, etc. New strategies are adopted by the market to stand out situations like a global pandemic. Some of the key players of the market are:

  • Hitachi Ltd.

  • GE Transportation

  • Electro-Motive Diesel (EMD)

  • Kawasaki Heavy Industries Rolling Stock Company

  • Construcciones Y Auxiliar de Ferrocarriles

  • CRRC Corporation Limited

  • Bombardier

  • Alstom

  • Transmashholding Stadler Rail AG

  • Hyundai Rotem Company

Recent Development:

The market for rolling stock is always getting better with the increased demand and urbanization. Many developments have been made with each passing year to step into a new era of modernization and urbanization. Some of such developments done in the past few years in the rolling stock market are:

  • In December 2020, manufacturers such as Alstom and ASELSAN decided a collaboration agreement to establish a framework of cooperation and coordination in the field of ETCS Signaling Onboard.

  • New rail vehicles that were equipped with European train control systems were introduced by Stadler in September 2020.

  • CAF Signaling continued to widen its operations in the foreign markets in November 2019. It won the contract for the Ferrocarril Central project in Uruguay. The worth of the entire contract was approximately USD 56 million.

  • At ITS WORLD Congress, Singapore in October 2019, Siemens Mobility showcased and introduced its latest development in intelligent traffic systems technology.

Report Overview:

The rolling stock global market research report gives a detailed description of market growth, trends, development, and key players of the market. The report discussed market dynamics that included growth drivers, restraints, opportunities, and challenges that the market might be facing. Further, it also gives a segment analysis of the market which describes the market by segments. Regional analysis of the market is also mentioned in the report content to understand the leading region of the rolling stock market and the region with the highest growth.

The global market for rolling stock is projected to grow with a CAGR rate of 4.5% over the next 5 years and the market value of rolling stock is projected to increase by 16 billion.

Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant value
  CAGR   4.9%(2022–2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Product Type, Train Type and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Hitachi Ltd.,GE Transportation,Electro-Motive Diesel (EMD), Kawasaki Heavy Industries Rolling Stock Company, Construcciones Y Auxiliar de Ferrocarriles, CRRC Corporation Limited, Bombardier, Alstom, Transmashholding Stadler Rail AG, Hyundai Rotem Company
  Key Market Opportunities   Development in mining industries
  Key Market Drivers

  • The demand for an energy-efficient transport system
  • Increased use of rail-lines

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    Frequently Asked Questions (FAQ) :

    The rolling stock market has recorded a market value of USD 51.6 billion in 2020 and is projected to touch a market value of USD 64.3 billion by 2025.

    Urbanization, increased standards, the demand for comfort, and other such factors have helped the expansion of the rolling stock market. Expansion of metro projects, electrical networks, increase in freight transportation, and others as such have highly contributed to the growth of the rolling stock market.

    The highest heat growth in development is observed in the Middle- East- Africa region but the Asia-Pacific region is projected to be the global leader of the rolling stock market by 2025.