Automotive

Image

North America Rolling Stock Market – Industry Trends and Forecast to 2030

  • Automotive
  • Upcoming Report
  • Apr 2023
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

North America Rolling Stock Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 17323.81 Billion
Diagram Market Size (Forecast Year) USD 25987.00 Billion
Diagram CAGR %

North America Rolling Stock Market, By Type (Locomotive, Rapid Transit, Wagons, Coaches, Locomotives, Others), Locomotive Technology (Turbocharged Locomotives, Conventional Locomotives, Maglev), Components (Traction Motor, Auxiliary Power System, Wheelset, Axle, Pantograph, Air Conditioning System, Passenger Information System, Position Train Control, Brakes, Gearboxes, Train Control System, Battle Gear, Coupler, Others), Application (Passenger Transportation, Freight Transportation), By End User (Passenger Transit, Cargo Train) – Industry Trends and Forecast to 2030.

 

North America Rolling Stock Market Analysis and Size

According to the report published by World Health Organization (WHO), road traffic injuries are the major reason for accidents among people aged between 15 and 29. Thus, the increasing need for secure, safe, and efficient transportation systems considerably positively influences the demand for rolling stock in the North American market. Moreover, such trains can offer a flexible method to manage in terms of frequency, which enhances the system's performance in all aspects, enhancing the market growth in upcoming years.   

Data Bridge Market Research analyses that the rolling stock market is expected to reach USD 25.987.79 million by 2030, which was USD 17,323.81 million in 2022, at a CAGR of 5.20% during the forecast period. 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.

North America Rolling Stock Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015- 2020)

Quantitative Units

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

Segments Covered

Type (Locomotive, Rapid transit, Wagons, Coaches, Locomotives, Others), Locomotive Technology (Turbocharged Locomotives, Conventional Locomotives, Maglev), Components (Traction Motor, Auxiliary Power System, Wheelset, Axle, Pantograph, Air Conditioning System, Passenger Information System, Position Train Control, Brakes, Gearboxes, Train Control System, Battle Gear, Coupler, Others), Application (Passenger Transportation, Freight Transportation), By End User (Passenger Transit, Cargo Train)

Countries Covered

U.S., Canada and Mexico in North America

Market Players Covered

ABB (Switzerland), Alstom (France), American Industrial Transport, Inc.. (U.S.), Bombardier (Canada), CAF 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)

Market Opportunities

  • Growing demand for rapid transit vehicle widen the market scope
  • Increasing conversion of diesel locomotives to electro-diesel and electric locomotives

Market Definition

The rolling stock is wheeled vehicles owned and used by a motor carrier or railroad to enhance safety and security, maximize passenger capacity, and improve the bottom line. Rolling stock is normally used for transporting goods, such as conventional fuels, agricultural products, heavy machinery, construction materials, and so on. It includes unpowered vehicles such as passenger coaches, freight wagons, and more and powered vehicles such as locomotives.

North America Rolling Stock Market Dynamics

Drivers

  • Growing demand for energy-efficient transport systems

The market for rolling stock is anticipated to expand because of the rising demand for energy-efficient transportation systems in the coming years. People and goods may move about with the help of efficient transportation networks, which also save time, money, and energy. Because rolling stocks are used in trains and contribute to lowering energy consumption, demand for rolling stocks is increasing as more people seek energy-efficient transportation options. As a result, the market for rolling stock is expanding due to the increasing demand for energy-efficient transportation systems.

  • Increasing expansion of business by introduction of the new facility

Increasing business expansion by introducing new facilities is expected to create immense opportunities for market growth in the North American region. For instance, In June 2019, Bombardier Company extended its business in the U.S. rolling stock market. A new rail car assembly site in California is introduced, mainly employed on the BART "Fleet of the Future" cars. With this new facility, the company augmented its production sale and capabilities in American countries.

 Opportunities

  • Increasing conversion of diesel locomotives to electro-diesel and electric locomotives

 The Increasing conversion of diesel locomotives to electro-diesel and electric locomotives is a major trend gaining popularity in the rolling stock market. Diesel locomotives have less life span upon conversion of diesel locomotives to electro-diesel, and electric locomotives have a 5 to 10 years more lifespan. Furthermore, electro-diesel and electric locomotives needed less maintenance and could be operated with a small crew. It also didn't need expensive support structures like coaling towers, roundhouses, or water tanks. As a result of all these factors boosts the market growth.

  • Growing development and testing of autonomous train

Autonomous trains are automated transit systems controlled by a control station and run without human intervention. To lessen human involvement and interference, different nations are concentrating on developing, testing, and accepting autonomous railway technology. Moreover, autonomous railway technology is more widely used since it is safer, more secure, adaptable, and more efficient than traditional humanly-run trains. So, the increased testing and development of autonomous trains present a market potential opportunity.

Restraints/ Challenges

  • Increasing refurbishment of existing rolling stock

End customers are moving towards the availability of assets to contribute to progress these days. Rail operators are not purchasing new cars, nevertheless, as rolling stock restoration projects provide a wonderful option to complete the current fleet's overhaul. In the upcoming years, it can hinder the expansion of the rolling stock market.

  • High costs associated with rolling stock

Rolling stock requires to be sometimes overhauled to confirm its reliability. This comprises maintenance of the vehicle's mechanical, electrical, and hydraulic components. Though, regular overhauls and maintenance of rolling stock are highly costly. This indicates the need for high capital to maintain the train network, which is likely to hamper the market's 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.

Recent Developments

  • In 2020, CRRC Corporation Limited Company offered CRRC Electric Vehicles and prolonged its presence in the Saudi Arabia market. According to Saudi Arabia's local regulations and laws, the company increased its offering for railway tourist coaches. This augmented the consumer base and strengthened their position in the Saudi Arabia market.
  • In 2020, Alstom announced that it signed an agreement with Caisse de depot et placement du Quebec (CDPQ) and Bombardier Inc. to acquire Bombardier Transportation. The price for acquiring all the Transportation and Bombardier shares is about EUR 6 billion.

Rolling Stock Market Scope

The rolling stock market is segmented on the basis type, locomotive technology, components, application and end user. 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.

Type

  • Locomotive
  • Diesel
  • Electric
  • Electro-Diesel
  • Rapid transit
  • DMU
  • EMU
  • Light Rails/Trams
  • Subways/Metros
  • Monorails
  • Wagons
  • Coaches
  • Locomotives
  • Others

Locomotive Technology

  • Turbocharged Locomotives
  • Conventional Locomotives
  • Maglev

Components

  • Traction Motor
  • Auxiliary Power System
  • Wheelset
  • Axle
  • Pantograph
  • Air Conditioning System
  • Passenger Information System
  • Position Train Control
  • Brakes
  • Gearboxes
  • Train Control System
  • Battle Gear
  • Coupler
  • Others

Application

  • Passenger Transportation
  • Freight Transportation

End User

  • Passenger Transit
  • Cargo Train

Rolling Stock Market Regional Analysis/Insights

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

The countries covered in the rolling stock market report are U.S., Canada and Mexico in North America.

The U.S. dominates the rolling stock market in terms of revenue. This is due to the high financial capability to adopt new and advanced technologies and the demand for improved connectivity in rolling in this region. Moreover, better product offerings by the key market players will further increase the market growth in this 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 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 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 (Switzerland)
  • Alstom (France)
  • American Industrial Transport, Inc. (U.S.)
  • Bombardier (Canada)
  • CAF 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.)
  • Woojin Industrial Systems, Co, Ltd. (South Korea) 


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

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.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

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.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The North America Rolling Stock Market is projected to grow at a CAGR of 3.40% during the forecast period by 2030.
The future market value of the North America Rolling Stock Market is expected to reach USD 7,482.52 million by 2030.
The major players in the North America Rolling Stock Market are ABB (Switzerland), Alstom (France), American Industrial Transport, Inc.. (U.S.), Bombardier (Canada), CAF Construcciones y Auxiliar de Ferrocarriles, S.A. (Spain), Caterpillar (U.S.), CRRC Corporation Limited (China), etc.
The countries covered in the North America Rolling Stock Market are 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).
Free Sample Report

CHOOSE LICENCE TYPE

  • 4200.00
  • 3500.00
  • 2000.00
  • 5500.00
  • 7500.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials