Rolling Stock Market by Type (Locomotives, Rapid Transit Vehicles, Wagons), Locomotive Technology (Conventional Locomotive, Turbocharged and MAGLEVs), Application (Passenger Coach and Freight wagons), & by Region - Trend and Forecast to 2021

The rolling stock market, in terms of value, is projected to grow at a CAGR of 3.68% from 2016 to 2021. The market is estimated to be USD 48.95 Billion in 2016, and is projected to reach 58.66 Billion by 2021. In this study, 2015 has been considered the base year, and 2016 to 2021 the forecast period, for estimating the market size of the global market. The study segments the market on the basis of product type, locomotive technology, application, and region.

The market report analyzes and forecasts (2016 to 2021) the market size, in terms of volume (units) and value (USD million), for this market. The report segments the rolling stock market and forecasts its size, by volume and value, on the basis of region (Asia-Oceania, Europe, North America, and Rest of the World (RoW)). It provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). It also segments the rolling stock market and forecasts its size, by volume and value, on the basis of product type (locomotive, rapid transit, and wagon). Additionally, it segments the rolling stock market and forecasts its size, by volume and value, according to locomotive technology (conventional, turbocharged, and maglev). The report strategically profiles key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.

The research methodology used in the report involves various secondary sources, such as the Union of European Railway Industries (UNIFE), Japan Association of Rolling Stock Industries (JARI), Union of Industries of Railway Equipment (UIRE), and Brazilian Association of the Railroad Suppliers (ABIFER), including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the rolling stock market. The bottom-up approach has been used to estimate and validate the size of the global market. The market size, by volume, is derived by identifying the country-wise production volumes and analyzing the demand trends. The market size, by value, is derived by multiplying the average selling price of rolling stock by the number of units.

The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the rolling stock industry consists of manufacturers such as CSR Corporation Ltd. (China), Bombardier Inc. (Canada), and General Electric Company (U.S.) and research institutes such as the Japan Association of Rolling Stock Industries (JARI), International Railway Journal (IRJ), Union of Industries of Railway Equipment (UIRE), and Union of European Railway Industries (UNIFE).

Target Audience

• Manufacturers of rolling stock
• Dealers and distributors of rolling stock
• Industry associations
• Investment firms
• Equity research firms
• Private equity firms

Scope of the Report

• By Product Type
  • Diesel Locomotive
  • Electric Locomotive
  • DMU
  • EMU
  • Light Rail/Tram Car
  • Subway/Metro Vehicle
  • Passenger Coach
  • Freight Wagon
• By Locomotive Technology  
  • Conventional Locomotive
  • Turbocharge Locomotive
  • Maglev
• By Application
  • Passenger Coach
  • Freight Wagon
• By Region
  • North America
  • Asia-Oceania
  • Europe
  • RoW

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

• Detailed analysis and profiling of additional regions(up to 3)
• Detailed analysis and profiling of additional market players (up to 3)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary PartiCIPAnts
    2.4 Factor Analysis
           2.4.1 Introduction
           2.4.2 Demand-Side Analysis
                     2.4.2.1 Infrastructure: Rail Network
                     2.4.2.2 High-Speed Rail Links Between Major Countries
                     2.4.2.3 Globalization to Drive this Market
           2.4.3 Supply-Side Analysis
                     2.4.3.1 Technological Advancements
    2.5 Market Size Estimation
           2.5.1 Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Opportunities in this Market
    4.2 Rolling Stock Market, By Region, 2016 & 2021
    4.3 Market, By Application, 2016 & 2021
    4.4 Market, By Locomotive Technology, 2016 & 2021
    4.5 Market, By Product Type, 2016 & 2021
    4.6 Rolling Stock Market Development

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Rolling Stock Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                     5.3.1.1 Public Transport as A Means of Reducing Traffic Congestion
                     5.3.1.2 Growing Demand for Energy-Efficient Transport
                     5.3.1.3 Increasing Demand for Comfort and Safety
           5.3.2 Restraints
                     5.3.2.1 Refurbishment of Existing Rolling Stock
                     5.3.2.2 Capital-Intensive Nature of Rolling Stock
           5.3.3 Opportunities
                     5.3.3.1 Big Data Applications in the Rail Industry
                     5.3.3.2 Increase in Industrial and Mining Activity
           5.3.4 Challenges
                     5.3.4.1 High Overhaul and Maintenance Costs
    5.4 R&D Expenditure By Key Players

6 Technological Overview (Page No. - 41)
    6.1 Introduction
    6.2 Magnetic Levitation Trains (Maglev)
           6.2.1 Advantages of Maglev System Trains
           6.2.2 Comparison of High-Speed Railway & Maglev Systems
           6.2.3 Ecological Impact of Maglev
    6.3 R0lling Stock Refurbishment
           6.3.1 Refurbishment Programs, By Region

7 Rolling Stock Market, By Type (Page No. - 45)
    7.1 Introduction
    7.2 Locomotive
           7.2.1 Diesel Locomotive
           7.2.2 Electric Locomotive
    7.3 Rapid Transit Market
           7.3.1 Diesel Multiple Unit
           7.3.2 Electric Multiple Unit
           7.3.3 Light Rail/Tram
           7.3.4 Metro
    7.4 Wagon
           7.4.1 Passenger Coach
           7.4.2 Freight Wagon

8 Rolling Stock Market, By Application (Page No. - 60)
    8.2 Wagon Market Size, By Application
    8.3 Diesel Locomotive Market, By Application
    8.4 Electric Locomotive Market, By Application

9 Rolling Stock Market, By Locomotive Technology (Page No. - 64)
    9.1 Introduction
           9.1.1 Conventional Locomotives
           9.1.2 Turbocharged Locomotives
           9.1.3 Maglev
                     9.1.3.1 Types of Maglev
                                         9.1.3.1.1 Electromagnetic Suspension
                                         9.1.3.1.2 Electrodynamic Suspension
                                         9.1.3.1.3 Inductrack

10 Rolling Stock Market, By Region (Page No. - 72)
     10.1 Introduction
               10.1.1 Asia-Oceania
                           10.1.1.1 China
                           10.1.1.2 India
                           10.1.1.3 Japan
                           10.1.1.4 South Korea
               10.1.2 Europe
                           10.1.2.1 Germany
                           10.1.2.2 France
                           10.1.2.3 U.K.
               10.1.3 North America
                           10.1.3.1 U.S.
                           10.1.3.2 Mexico
                           10.1.3.3 Canada
               10.1.4 Rest of the World
                           10.1.4.1 Brazil
                           10.1.4.2 Russia
     10.2 Pestle Analysis
               10.2.1 Political Factors
                           10.2.1.1 Europe
                           10.2.1.2 Asia-Oceania
                           10.2.1.3 North America
                           10.2.1.4 Rest of the World
               10.2.2 Economic Factors
                           10.2.2.1 Europe
                           10.2.2.2 Asia-Oceania
                           10.2.2.3 North America
                           10.2.2.4 Rest of the World
               10.2.3 Social Factors
                           10.2.3.1 Europe
                           10.2.3.2 Asia-Oceania
                           10.2.3.3 North America
                           10.2.3.4 Rest of the World
               10.2.4 Technological Factors
                           10.2.4.1 Europe
                           10.2.4.2 Asia-Oceania
                           10.2.4.3 North America
                           10.2.4.4 Rest of the World
               10.2.5 Legal Factors
                           10.2.5.1 Europe
                           10.2.5.2 Asia-Oceania
                           10.2.5.3 North America
                           10.2.5.4 Rest of the World
               10.2.6 Environmental Factors
                           10.2.6.1 Europe
                           10.2.6.2 Asia-Oceania
                           10.2.6.3 North America
                           10.2.6.4 Rest of the World

11 Competitive Landscape (Page No. - 100)
     11.1 Overview
     11.2 Market Ranking Analysis: Rolling Stock Market
     11.3 Battle for Market Share: Agreements/Partnerships/Supply Contracts/Collaborations Was the Key Strategy
     11.4 Expansion
     11.5 New Product Launch
     11.6 Agreements/Partnerships/Supply Contracts/Collaborations
     11.7 Joint Ventures/Mergers & Acquisitions

12 Company Profiles (Page No. - 107)
(Company at A Glance, Business Overview, Products Offered, Key Strategy, Recent Developments, SWOT Analysis & MnM View)*
     12.1 CSR Corporation Ltd.
     12.2 Bombardier Inc.
     12.3 Alstom SA
     12.4 General Electric Company
     12.5 Siemens AG
     12.6 CJSC Transmashholding
     12.7 Stadler Rail AG
     12.8 Kawasaki Heavy Industries, Ltd.
     12.9 Construcciones Y Auxiliar DE Ferrocarriles S.A.
     12.10 Hyundai Rotem Company

*Details on Company at A Glance, Recent Financials, Products Offered, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 135)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real Time Market Intelligence
               13.4.1 Features and Benefits of RT :
               13.4.2 Available Customizations
     13.5 Related Reports

List of Tables (75 Tables)

Table 1 Comparison of Maglev & High-Speed Railway Technologies (250-Mph Maglev & 200-Mph High-Speed Railway)
Table 2 Rolling Stock Market, By Product Type, 2014–2021 (Units)
Table 3 Market, By Product Type, 2014–2021 (USD Million)
Table 4 Locomotive Market Size, By Product Type, 2014–2021 (Units)
Table 5 Locomotive Market Size, By Product Type, 2014–2021 (USD Million)
Table 6 Diesel Locomotive Market Size, By Region, 2014–2021 (Units)
Table 7 Diesel Locomotive Market Size, By Region, 2014–2021 (USD Million)
Table 8 Electric Locomotive Market Size, By Region, 2014–2021 (Units)
Table 9 Electric Locomotive Market Size, By Region, 2014–2021 (USD Million)
Table 10 Rapid Transit Market Size, By Product Type, 2014–2021 (Units)
Table 11 Rapid Transit Market Size, By Product Type, 2014–2021 (USD Million)
Table 12 Diesel Multiple Unit Market Size, By Region, 2014–2021 (Units)
Table 13 Diesel Multiple Unit Market Size, By Region, 2014–2021 (USD Million)
Table 14 Electric Multiple Unit Market Size, By Region, 2014–2021 (Units)
Table 15 Electric Multiple Unit Market Size, By Region, 2014–2021 (USD Million)
Table 16 Light Rail/Tram Vehicle Market Size, By Region, 2014–2021 (Units)
Table 17 Light Rail/Tram Market Size, By Region, 2014–2021 (USD Million)
Table 18 Metro Market Size, By Region, 2014–2021 (Units)
Table 19 Metro Market Size, By Region, 2014–2021 (USD Million)
Table 20 Wagon Market Size, By Product Type, 2014–2021 (Units)
Table 21 Wagon Market Size, By Product Type, 2014–2021 (USD Million)
Table 22 Passenger Coach Market Size, By Region, 2014–2021 (Units)
Table 23 Passenger Coach Market Size, By Region, 2014–2021 (USD Million)
Table 24 Freight Wagon Market Size, By Region, 2014–2021 (Units)
Table 25 Freight Wagon Market Size, By Region, 2014–2021 (USD Million)
Table 26 Wagon Market Size, By Application, 2014–2021 (Units)
Table 27 Wagon Market Size, By Application, 2014–2021 (USD Million)
Table 28 Diesel Locomotive Market Size, By Application, 2014–2021 (Units)
Table 29 Diesel Locomotive Market Size, By Application, 2014–2021 (USD Million)
Table 30 Electric Locomotive Market Size, By Application, 2014–2021 (Units)
Table 31 Electric Locomotive Market Size, By Application, 2014–2021 (USD Million)
Table 32 Rolling Stock Market Size, By Locomotive Technology, 2014–2021 (Units)
Table 33 Rolling Stock Market Size, By Locomotive Technology, 2014–2021 (USD Million)
Table 34 Conventional Locomotive Market Size, By Region, 2014–2021 (Units)
Table 35 Conventional Locomotive Market Size, By Region, 2014–2021 (USD Million)
Table 36 Turbocharged Locomotive Market Size, By Region, 2014–2021 (Units)
Table 37 Turbocharged Locomotive Market Size, By Region, 2014–2021 (USD Million)
Table 38 Rolling Stock Market Size, By Region, 2014–2021 (Units)
Table 39 Market Size, By Region, 2014–2021 (USD Million)
Table 40 Asia-Oceania: Rolling Stock Market Size, By Country, 2014–2021 (Units)
Table 41 Asia-Oceania: Market Size, By Country, 2014–2021 (USD Million)
Table 42 China: Market Size, By Type, 2014–2021 (Units)
Table 43 China: Market Size, By Type, 2014–2021 (USD Million)
Table 44 India: Market Size, By Type, 2014–2021 (Units)
Table 45 India: Market Size, By Type, 2014–2021 (USD Million)
Table 46 Japan: Market Size, By Type, 2014–2021 (Units)
Table 47 Japan: Market Size, By Type, 2014–2021 (USD Million)
Table 48 South Korea: Market Size, By Type, 2014–2021 (Units)
Table 49 South Korea: Market Size, By Type, 2014–2021 (USD Million)
Table 50 Europe: Rolling Stock Market Size, By Country, 2014–2021 (Units)
Table 51 Europe: Market Size, By Country, 2014–2021 (USD Million)
Table 52 Germany: Market Size, By Type, 2014–2021 (Units)
Table 53 Germany: Market Size, By Type, 2014–2021 (USD Million)
Table 54 France: Market Size, By Type, 2014–2021 (Units)
Table 55 France: Market Size, By Type, 2014–2021 (USD Million)
Table 56 U.K.: Market Size, By Type, 2014–2021 (Units)
Table 57 U.K.: Market Size, By Type, 2014–2021 (USD Million)
Table 58 North America: Rolling Stock Market Size, By Type, 2014–2021 (Units)
Table 59 North America: Market Size, By Type, 2014–2021 (USD Million)
Table 60 U.S.: Market Size, By Type, 2014–2021 (Units)
Table 61 U.S.: Market Size, By Type, 2014–2021 (USD Million)
Table 62 Mexico: Market Size, By Type, 2014–2021 (Units)
Table 63 Mexico: Market Size, By Type, 2014–2021 (USD Million)
Table 64 Canada: Market Size, By Type, 2014–2021 (Units)
Table 65 Canada: Market Size, By Type, 2014–2021 (USD Million)
Table 66 Rest of the World: Rolling Stock Market Size, By Country, 2014–2021 (Units)
Table 67 Rest of the World: Market Size, By Country, 2014–2021 (USD Million)
Table 68 Brazil: Rolling Stock Market Size, By Type, 2014–2021 (Units)
Table 69 Brazil: Market Size, By Type, 2014–2021 (USD Million)
Table 70 Russia: Rolling Stock Market Size, By Type, 2014–2021 (Units)
Table 71 Russia: Market Size, By Type, 2014–2021 (USD Million)
Table 72 Expansions, 2015
Table 73 New Product Launches, 2014–2015
Table 74 Agreements/Partnerships/Supply Contracts/Collaborations, 2014–2016
Table 75 Joint Ventures/Mergers & Acquisitions, 2014–2016
 
 
List of Figures (51 Figures)
 
Figure 1 Market Segmentation
Figure 2 Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Rail Network, 2015
Figure 6 High-Speed Rail Network, 2015
Figure 7 Data Triangulation
Figure 8 Market Size Estimation Methodology: Bottom-Up Approach
Figure 9 Freight Wagons to Be Largest Contributor to Rolling Stock Market, By Product Type (2016 & 2021)
Figure 10 Freight Wagons to Constitute Largest Segment of this Market, By Application (2016 & 2021)
Figure 11 Rolling Stock Market, By Locomotive Technology, 2016 & 2021
Figure 12 Asia-Oceania to Hold Largest Share in Rolling Stock Market, By Product Type, in 2016
Figure 13 Infrastructural Investments & GDP Growth to Drive Rolling Stock Market
Figure 14 Asia-Oceania to Be Largest Market for Rolling Stock
Figure 15 Freight Wagon Segment Seen Largest, By Value, in Rolling Stock Market, By Application
Figure 16 Turbocharged Locomotive Segment Will Be Largest, By Value, in Rolling Stock Market, By Locomotive Technology, From 2016 to 2021
Figure 17 Freight Wagon Segment Set to Be Largest, By Value, in Rolling Stock Market, By Product Type, 2016 & 2021
Figure 18 Rising Demand for Rolling Stock in Emerging Economies, 2016
Figure 19 By Locomotive Technology, Conventional Locomotive Segment to Record Highest CAGR in 2016
Figure 20 Growing Need for Public Transport Estimated to Raise the Demand for Rolling Stock
Figure 21 R&D Expenditure By Key Players, 2015
Figure 22 Rapid Transit to Hold the Largest Market Share, in Terms of Value, 2016 & 2021
Figure 23 Electric Locomotives Estimated to Witness Higher Growth Than Diesel Locomotive During the Forecast Period
Figure 24 Electric Multiple Unit Segment Estimated to Hold the Largest Share, in Terms of Value, 2016 & 2021
Figure 25 Rising Demand for Freight Transportation to Drive Growth of Freight Wagon Market, 2016 & 2021
Figure 26 Freight Transportation Projected to Dominate Wagon Market, By Application, 2016 & 2021
Figure 27 Rolling Stock Market, By Locomotive Technology, 2016 vs 2021 (USD Million)
Figure 28 Asia-Oceania Estimated to Dominate Conventional Locomotive Market, 2016 & 2021
Figure 29 North America Projected to Be Largest Market, in Terms of Value, for Turbocharged Locomotives, 2016 & 2021
Figure 30 Asia-Oceania is Largest Rolling Stock Market in 2016
Figure 31 Asia-Oceania Rolling Stock Market Snapshot: China Captures the Largest Share of the Rolling Stock Market (Value) in 2016
Figure 32 Europe: Germany has Largest Share in Rolling Stock Market (Value), 2016–2021
Figure 33 North American Market Snapshot: U.S. Captures the Largest Share of this Market (Value) in 2016
Figure 34 Rest of the World Rolling Stock Market Snapshot: Russia has Largest Share of this Market in 2016
Figure 35 Companies Adopted Agreements/Partnerships/Supply Contracts/Collaborations as A Key Growth Strategy From 2013 to 2016
Figure 36 Rolling Stock Market Ranking: 2016
Figure 37 Market Evaluation Framework: Agreements/Partnerships/ Supply Contracts/Collaborations Fuelled Market Growth From 2013 to 2016
Figure 38 CSR Corporation Ltd.: Company Snapshot
Figure 39 CSR Corporation: SWOT Analysis
Figure 40 Bombardier Inc.: Company Snapshot
Figure 41 Bombardier Transportation: SWOT Analysis
Figure 42 Alstom SA: Company Snapshot
Figure 43 Alstom SA: SWOT Analysis
Figure 44 General Electric Company: Company Snapshot
Figure 45 General Electric Co.: SWOT Analysis
Figure 46 Siemens AG: Company Snapshot
Figure 47 Siemens AG: SWOT Analysis
Figure 48 CJSC Transmashholding: Company Snapshot
Figure 49 Kawasaki Heavy Industries, Ltd.: Company Snapshot
Figure 50 Construcciones Y Auxiliar DE Ferrocarriles S.A.: Company Snapshot
Figure 51 Hyundai Rotem Company: Company Snapshot

The rolling stock market, in terms of value, is projected to grow at a CAGR of 3.68% from 2016 to 2021. The market is estimated to be USD 48.95 Billion in 2016, and is projected to reach 58.66 Billion by 2021. Asia-Oceania is estimated to be the largest market for rolling stock market, followed by Europe and North America. The growth of the global market is fueled by infrastructural developments for urban and suburban rail networks, approval of new rail lines, and high-speed rail projects.

The global market has been segmented on the basis of product, application, and technology type (conventional locomotives and turbocharged locomotives). In terms of product type, the freight segment is projected to grow at the highest CAGR from 2016 to 2021, due to government approvals for dedicated freight corridors in the Asia-Oceania region. It is followed by the electric multiple unit segment.

The rolling stock market has been segmented on the basis of product type into diesel locomotive, electric locomotive, diesel multiple units, electric multiple units, light rail/tram cars, subway/metro vehicles, passenger, and freight. The freight segment is estimated to account for the largest market share, in terms of value, in 2016. This can be primarily attributed to the increased demand for dedicated freight corridors in Asia-Oceania and the Rest of the World.

The global market has been segmented, by application, into passenger coach and freight wagon. The freight wagon segment is expected to account for the largest market share, by value, in 2016. The key factors driving the rolling stock market include globalization and rapid changes in the rolling stock manufacturing industry. Upcoming high-speed rail projects in countries such as China and South Korea would also boost market growth.

The Asia-Oceania region is estimated to dominate the global market, in terms of value, in 2016, with China being a key contributor to this market. The increasing demand for passenger coaches and freight wagons for new and existing rail lines is a key factor driving the growth of the rolling stock market across all regions.

Restraints of the rolling stock market

The refurbishment of rolling stock provides an opportunity to address known reliability issues, improve the energy efficiency of trains, and update the vehicles to meet current requirements. The financial constraints in acquiring new trains also contribute to the rising number of refurbishment programmes for rolling stock. Rolling stock and its supporting infrastructure are highly capital-intensive. They require a high amount of financial support from local and country-level governments. The high cost of new rail vehicles could discourage investments and act as a restraint for the rolling stock market.

CSR Corporation Ltd. is a leading player in the rolling stock market. It specializes in the research and development, design, manufacture, sale, refurbishment, and lease of transportation vehicles. The company is attempting to expand its presence in overseas markets that are witnessing an increase in investments for infrastructural development. This would diversify its geographic revenue mix and offer sustainable growth opportunities. A major share of the company’s revenue is derived from the domestic Chinese market. However, it has recently started expanding in the global market to diversify its revenue mix.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst