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Europe Rolling Stock Market – Industry Trends and Forecast to 2029

  • Automotive
  • Upcoming Report
  • Nov 2022
  • Europe
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Europe Rolling Stock Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 21.70 Billion
Diagram Market Size (Forecast Year) USD 31.10 Billion
Diagram CAGR %

Europe Rolling Stock Market, By Product Type (Wagons, Coaches, Locomotives, Rapid Transit), Locomotive Technology (Turbocharged Locomotives, Conventional Locomotives, Maglev), Components (Traction Motor, Auxiliary Power System, Wheelset, Axle, Pantograph, Air Conditioning System, Passenger Information System), Application (Passenger Transportation, Freight Transportation) – Industry Trends and Forecast to 2029.

Europe Rolling Stock Market Analysis and Size

With approximately 218,000 km of active rail network, the European Union (EU) has the world's longest electrified rail length. By enacting several laws and enticing private industry players to expand the current network, the EU commission is obligated to make its rail network more than convenient for passengers.

Data Bridge Market Research analyses that the rolling stock market was valued at USD 21.7 billion in 2021 and is expected to reach the value of USD 31.10 billion by 2029, at a CAGR of 4.60%% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Europe Rolling Stock Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Wagons, Coaches, Locomotives, Rapid Transit), Locomotive Technology (Turbocharged Locomotives, Conventional Locomotives, Maglev), Components (Traction Motor, Auxiliary Power System, Wheelset, Axle, Pantograph, Air Conditioning System, Passenger Information System), Application (Passenger Transportation, Freight Transportation),

Countries Covered

Germany, France, U.K., Italy, Spain, Netherlands, Switzerland, Belgium, Russia, Turkey, Rest of Europe

Market Players Covered

ABB (Sweden), Alstom (France), American Industrial Transport, Inc. (U.S.), Bombardier (Canada), CAF (U.K.), Construcciones y Auxiliar de Ferrocarriles, S.A. (Spain), Caterpillar (U.S.), CRRC Corporation Limited (China), Hitachi, Ltd. (Japan), HYUNDAI ROTEM COMPANY (South Korea), JAPAN TRANSPORT ENGINEERING COMPANY (Japan), Kawasaki Heavy Industries, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), National Steel Car Limited (Canada), Niigata Transys Co.,Ltd. (Japan), PATENTES TALGO S.L.U. (Spain), Siemens (Germany), Stadler Rail AG (Switzerland), Toshiba Infrastructure Systems & Solutions Corporation (Japan), Wabtec Corporation (U.S.), and Woojin Industrial Systems, Co, Ltd. (South Korea), among others

Market Opportunities

  • Increasing initiatives to improve rail infrastructure and services for customers.
  • The growing urban population and industrial mining activities around the world

Market Definition

All wheeled vehicles that run on railway tracks are referred to as rolling stock, and this includes both powered and unpowered coaches, carriages, passenger cars, and freight waggons. It is regarded as one of the most cost-effective modes of transportation for commuters and for transporting heavy or bulky goods over long distances. It can also be easily customised to meet the exact needs of the end user and has a higher carrying capacity than other modes of transportation.

Drivers

  • High scale public transportation in the region

The growing urban population and industrial mining activities around the world, which have driven demand for rapid trams, local passenger trains, and fast metro trains, are key factors driving the Europe rolling stock market. People are increasingly choosing public transportation because it reduces on-road congestion and offers a time-saving, comfortable, and cost-effective mode of transportation.

  • Advance technological innovations

Big data and analytics innovations have aided industrial OEMs and suppliers in streamlining their operations and providing digital solutions, real-time monitoring, and predictive maintenance solutions to rolling stock users. Furthermore, technological advancements such as magnetic levitation trains (Maglev Trains), the use of IoT in communications, signalling, engineering, and improving on board passenger experience have catalysed the Europe rolling stock market's growth.

Opportunities

  • Upgradation of railway infrastructure

Increasing initiatives to improve rail infrastructure and services for customers, such as offering faster, safer, and more comfortable services, are creating opportunities for the rolling stock market.

Restraints

  • High cost will challenge the market

The high capital investment required for research activities is limiting the growth of rolling stock market players as well as rolling stock market growth.

This rolling stock market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the rolling stock market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Rolling Stock Market

COVID-19 had a negative impact on the market in 2020. Travel and tourism were halted as a result of the pandemic. During the COVID pandemic, major rolling stock manufacturers such as Alstom (France) and Bombardier (US) announced the suspension of production due to supply chain bottlenecks, a drop in demand, and to protect the safety of their employees in Spain, the United States, Italy, Germany, and France. Furthermore, R&D budget allocations were significantly reduced, impeding the advancement of innovative rail development. The demand for rolling stock is primarily driven by government budgets and the needs of rail operators.

Recent Developments

  • In January 2022 Wabtec Corporation acquired MASU, a leading manufacturer of friction products for the rail and automotive industries,. This acquisition will assist Wabtec Corporation in expanding its installed base and accelerating growth across its brake product portfolio.
  • In May 2021, France's national state-owned railway company SNCF and its partners, the Railenium Technology Research Institute, Thales, Spirops, Bosch, and Alstom, began testing an autonomous regional train prototype, a customised Regio 2N regional train for France's rail network.

Europe Rolling Stock Market Scope

The rolling stock market is segmented on the basis of application, product type, locomotive technology and components. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product type

  • Wagons
  • Coaches
  • Locomotives
  • Rapid Transit

Application

  • Passenger Transportation
  • Freight Transportation

Component

  • Traction Motor
  • Auxiliary Power System
  • Wheelset
  • Axle
  • Pantograph
  • Air Conditioning System
  • Passenger Information System

Locomotive Technology

  • Turbocharged Locomotives
  • Conventional Locomotives
  • Maglev

Rolling Stock Market Regional Analysis/Insights

The rolling stock market is analysed and market size insights and trends are provided by country of application, product type, locomotive technology and components as referenced above.

The countries covered in the rolling stock market report are Germany, France, U.K., Italy, Spain, Netherlands, Switzerland, Belgium, Russia, Turkey, and Rest of Europe

Germany has the largest market share due to the country's large number of manufacturing facilities. The European region has a strong manufacturing base, rail industrial developments, and a high locomotive production rate. For example, Kharkiv city authorities announced new investment in train transportation in May 2020. The government-approved agencies are introducing eight train sets of new metro cars for public use. Companies and the government are investing large sums of money, including Kharkiv City Council with USD 11.86 million, other investors with USD 391.42 million, and the EIB and EBRD with USD 189.78 million.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Rolling Stock Market Share Analysis

The rolling stock market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to rolling stock market.

Some of the major players operating in the rolling stock market are:

  • ABB (Sweden)
  • Alstom (France)
  • American Industrial Transport, Inc. (U.S.)
  • Bombardier (Canada)
  • CAF (U.K.)
  • Construc.cionesy Auxiliar de Ferrocarriles, S.A. (Spain)
  • Caterpillar (U.S.)
  • CRRC Corporation Limited (China)
  • Hitachi, Ltd. (Japan)
  • HYUNDAI ROTEM COMPANY (South Korea)
  • JAPAN TRANSPORT ENGINEERING COMPANY (Japan)
  • Kawasaki Heavy Industries, Ltd. (Japan)
  • Mitsubishi Electric Corporation (Japan)
  • National Steel Car Limited (Canada)
  • Niigata Transys Co.,Ltd. (Japan)
  • PATENTES TALGO S.L.U. (Spain)
  • Siemens (Germany)
  • Stadler Rail AG (Switzerland)
  • Toshiba Infrastructure Systems & Solutions Corporation (Japan)
  • Wabtec Corporation (U.S.)
  • Woojin Industrial Systems, Co, Ltd. (South Korea)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Europe Rolling Stock Market will be worth USD 31.10 billion by 2029 during the forecast period.
The Europe Rolling Stock Market growth rate is 4.60% during the forecast period.
High scale public transportation in the region & Advance technological innovations are the growth drivers of the Europe Rolling Stock Market.
The application, product type, locomotive technology and components are the factors on which the Europe Rolling Stock Market research is based.
Wabtec Corporation acquired MASU, a leading manufacturer of friction products for the rail and automotive industries & France's national state-owned railway company SNCF and its partners, the Railenium Technology Research Institute are the latest developments in the Europe Rolling Stock Market.
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