Image

Global Rolling Stock Market – Industry Trends and Forecast to 2029

  • Automotive
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Automotive
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Rolling Stock Market, By 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, Others), Application (Passenger Transportation, Freight Transportation) – Industry Trends and Forecast to 2029

Rolling Stock Market

Market Analysis and Size

Rolling stock have gained immense popularity across various industries such as automotive, mining, and oil and gas, where tank wagons are generally utilized for transporting industrial chemicals, petrol and diesel, and multiple deliverables.

Global Rolling Stock Market was valued at USD 59,583.70 million in 2021 and is expected to reach USD 84,087.51 million by 2029, registering a CAGR of 4.40% during the forecast period of 2022-2029. Passenger transportation accounts for the largest application segment in the respective market owing to the rising demand for enhanced comfort and connectivity. 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 also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Rolling stock is defined as all wheeled vehicles that generally run on railway tracks. These vehicles consist of both powered and unpowered coaches, freight wagons, carriages, and passenger cars. It is known to be one of the most cost-effective modes of conveyance for commuters.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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, Others), Application (Passenger Transportation, Freight Transportation)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

ABB (Sweden), Alstom (France), American Industrial Transport, Inc. (US), Bombardier (Canada), CAF (UK), Construcciones y Auxiliar de Ferrocarriles, S.A. (Spain), Caterpillar (US), 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 (US), and Woojin Industrial Systems, Co, Ltd. (South Korea), among others

Market Opportunities

  • Technological advancements such as magnetic levitation trains (Maglev Trains)
  • Rise in the urban population
  • Increase in the initiatives taken by government

Rolling Stock Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Rise in Urban Population

The rise in the urban population along with growing industrial mining activities across the globe acts as one of the major factor driving the growth of rolling stock market. The increase in demand for fast metro trains, and rapid trams has a positive impact on the market.

  • Government Initiatives

The increase in the initiatives taken by government across the world for incorporation of fast trains accelerate the market growth. These trains are considered economical, safe, and a rapid means of transport has a positive impact on the market.

  • Tourism Sector

The expansion of tourism sector across the globe further influence the market. The rise in number of tourists and congestion caused by the number escalate the demand for bullet trains. Also, the rise in transportation-related concerns and their environmental impact assists in the expansion of the market.

Additionally, expansion of the automotive sector, surge in investments and increased disposable income positively affect the rolling stock market.

Opportunities

Furthermore, technological advancements such as magnetic levitation trains (Maglev Trains) extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, development of hydrogen fuel cell locomotives will further escalate the growth of data logger market.

Restraints/Challenges faced by the Rolling Stock Market

On the other hand, high overhaul and maintenance costs along with the refurbishment of existing rolling stock are expected to obstruct market growth. Also, requirement of high research and development investments, and impact of COVID-19 on passenger transportation are projected to challenge the rolling stock market in the forecast period of 2022-2029.

This rolling stock market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 had a Major Impact on Rolling Stock Market

COVID-19 had a negative impact on the global rolling stock market due to the commute restrictions. The market faced various challenges, such as regulatory and policy changes, working capital management, supply chain execution and dependency on labor. However, organizations prepared strategic cost-saving plans to manage the impact of the pandemic. The demand for vehicle tracking hardware and managing software has increased to manage and cater to the continuous supply of essentials in the post pandemic scenario.

Global 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 analyze 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

Locomotive Technology

  • Turbocharged Locomotives
  • Conventional Locomotives
  • Maglev

Components

Application

Rolling Stock Market Regional Analysis/Insights

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

The countries covered in the rolling stock market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific (APAC) dominates the rolling stock market because of the increase in the adoption of passenger rails for commuting within the region.

Middle East and Africa (MEA) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the surge in investment in passenger rails and rapid transit vehicles in the region.

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 such as 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 global 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, global 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. (US)
  • Bombardier (Canada)
  • CAF (UK)
  • Construcciones y Auxiliar de Ferrocarriles, S.A. (Spain)
  • Caterpillar (US)
  • 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 (US)
  • Woojin Industrial Systems, Co, Ltd. (South Korea)


SKU-
Why Choose Us


Frequently Asked Questions

Global Rolling Stock Market is expected USD 84,087.51 million by 2029.
The Rolling Stock Market is to grow at a CAGR of 4.40% during the forecast by 2029.
On the basis of application, the Rolling Stock Market is segmented into Passenger Transportation, Freight Transportation.
The major countries covered in the Rolling Stock Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.