Africa Rolling Stock Market to 2032
Overview
The Africa Rolling Stock Market is expected to reach a 3.11 USD Billion by 2032 and is projected to grow at a CAGR of 2.81% from 2025 to 2032.
Revenue, 2024 (USD Billion)
2.51
Forecast, 2032 (USD Billion)
3.11
CAGR, 2024 - 2032
2.81%
Report Coverage
Middle East & Africa
Africa Rolling Stock Market 2018-2032 USD Billion
Africa Rolling Stock Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 2.51 USD Billion
- Projected Market Size (2032): 3.11 USD Billion
- CAGR (2025-2032): 2.81%
Key Findings of Africa Rolling Stock Market
- The Africa Rolling Stock Market was valued at 3.11 USD Billion in 2024.
- The Africa Rolling Stock Market is likely to grow at a CAGR of 2.81% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Turbocharged Locomotives in Locomotive Technology Segment accounted for the largest share of the market with a revenue of 1.93 USD Billion
- The fastest growing segment Traction Motor in Component Segment grew Fastest with a CAGR of 4.07% during the forecast period from 2024 to 2032.
Africa Rolling Stock Market Scope
Africa Rolling Stock Market Segmentation & Scope
Application
- Freight Application
- Passenger Application
Component
- Passenger Information System
- Position Train Control
- Pantograph
- Air Conditioning System
- Others
- Gearboxes
- Train Control System
- Axle
- Brakes
- Wheelset
- Auxiliary Power System
- Traction Motor
Type
- New Build
- Replacement
Locomotive Technology
- Maglev
- Conventional Locomotives
- Turbocharged Locomotives
Service Network Type
- Others
- High-Speed Rail
- Urban Rail Systems
- Commuter Rail Systems
- Heavy Freight Rail
Product Type
- Rapid Transit
- Locomotives
- Wagons
- Coaches
Africa Rolling Stock Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 2.51 USD Billion |
| Market Value in 2032 | 3.11 USD Billion |
| CAGR (2025-2032) | 2.81% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Component,Type,Locomotive Technology,Service Network Type,Product Type |
Regional Insights:
-
Leading Market (2024-2032): Middle East & Africa, leading in terms of revenue 2.51 USD Billion in 2024
- Key Country: South Africa, leading in terms of revenue with value of 2,511.90 USD Million in 2024.
Segments and Scope
-
Africa Rolling Stock Market to 2032, By Application
- Passenger Application is the largest segment in Africa Rolling Stock Market to 2032 with a revenue of 1.35 USD Billion in the year 2024.
- Passenger Application is the Fastest growing segment in Africa Rolling Stock Market to 2032 with a Growth rate of 3.07 % in forecast period 2025-2032.
-
Africa Rolling Stock Market to 2032, By Component
- Traction Motor is the largest segment in Africa Rolling Stock Market to 2032 with a revenue of 513.95 USD Billion in the year 2024.
- Traction Motor is the Fastest growing segment in Africa Rolling Stock Market to 2032 with a Growth rate of 4.07 % in forecast period 2025-2032.
-
Africa Rolling Stock Market to 2032, By Type
- Replacement is the largest segment in Africa Rolling Stock Market to 2032 with a revenue of 1.79 USD Billion in the year 2024.
- Replacement is the Fastest growing segment in Africa Rolling Stock Market to 2032 with a Growth rate of 3.01 % in forecast period 2025-2032.
-
Africa Rolling Stock Market to 2032, By Locomotive Technology
- Turbocharged Locomotives is the largest segment in Africa Rolling Stock Market to 2032 with a revenue of 1.93 USD Billion in the year 2024.
- Turbocharged Locomotives is the Fastest growing segment in Africa Rolling Stock Market to 2032 with a Growth rate of 2.87 % in forecast period 2025-2032.
-
Africa Rolling Stock Market to 2032, By Service Network Type
- Heavy Freight Rail is the largest segment in Africa Rolling Stock Market to 2032 with a revenue of 1.04 USD Billion in the year 2024.
- Heavy Freight Rail is the Fastest growing segment in Africa Rolling Stock Market to 2032 with a Growth rate of 3.15 % in forecast period 2025-2032.
-
Africa Rolling Stock Market to 2032, By Product Type
- Coaches is the largest segment in Africa Rolling Stock Market to 2032 with a revenue of 917.49 USD Billion in the year 2024.
- Coaches is the Fastest growing segment in Africa Rolling Stock Market to 2032 with a Growth rate of 3.52 % in forecast period 2025-2032.
Africa Rolling Stock Market Company Share Analysis
| Company Name |
|
||
| SIEMENS | |||
| ALSTOM | |||
| HYUNDAI CORPORATION | |||
| Hitachi Rail Limited | |||
| Gibela Rail Transport Consortium | |||
Africa Rolling Stock Market Geographical Sales Distribution, 2018-2032 USD Billion
Africa Rolling Stock Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Africa Rolling Stock Market is segmented based on Segmentation Application,Component,Type,Locomotive Technology,Service Network Type,Product Type.
Africa Rolling Stock Market was valued at USD 2.51(Revenue in USD Billion) in 2024.
Africa Rolling Stock Market is projected to grow at a CAGR of 2.81% during the forecast period of 2024 to 2032.
The Turbocharged Locomotives segment is expected to dominate the Africa Rolling Stock Market, holding a largest market share of 1.93 USD Billion in 2024
Africa Rolling Stock Market Scope
Africa Rolling Stock Market Segmentation & Scope
Application
- Freight Application
- Passenger Application
Component
- Passenger Information System
- Position Train Control
- Pantograph
- Air Conditioning System
- Others
- Gearboxes
- Train Control System
- Axle
- Brakes
- Wheelset
- Auxiliary Power System
- Traction Motor
Type
- New Build
- Replacement
Locomotive Technology
- Maglev
- Conventional Locomotives
- Turbocharged Locomotives
Service Network Type
- Others
- High-Speed Rail
- Urban Rail Systems
- Commuter Rail Systems
- Heavy Freight Rail
Product Type
- Rapid Transit
- Locomotives
- Wagons
- Coaches
Frequently Asked Questions
The Africa Rolling Stock Market is segmented based on Segmentation Application,Component,Type,Locomotive Technology,Service Network Type,Product Type.
Africa Rolling Stock Market was valued at USD 2.51(Revenue in USD Billion) in 2024.
Africa Rolling Stock Market is projected to grow at a CAGR of 2.81% during the forecast period of 2024 to 2032.
The estimated market value of the Africa Rolling Stock Market for final year is USD 3.11 (USD Billion).
Africa Rolling Stock Market Company Profiling
Frequently Asked Questions
The Africa Rolling Stock Market is segmented based on Segmentation Application,Component,Type,Locomotive Technology,Service Network Type,Product Type.
Africa Rolling Stock Market was valued at USD 2.51(Revenue in USD Billion) in 2024.
Africa Rolling Stock Market is projected to grow at a CAGR of 2.81% during the forecast period of 2024 to 2032.
The estimated market value of the Africa Rolling Stock Market for final year is USD 3.11 (USD Billion).
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