Rolling Stock Market by Component, Product Type (Locomotive, Rapid Transit, Wagon, & Coach), Locomotive Technology (Conventional, Turbocharged, & Maglev), Application (Passenger Transportation & Freight transportation) & Region (2022- 2027)
[356 Pages Report] The global Rolling Stock Market size is projected to grow from USD 53.8 billion in 2022 to USD 64.8 billion by 2027, at a CAGR of 3.8%. The growth of the global market can be attributed to the factors such as increasing urbanization, increasing traffic congestion, rising demand for comfortable journey and growing preference for shorter journey time. Moreover, The demand for rolling stocks is dependent on some other factors such as the replacement of old rolling stocks, new railway projects, and the expansion of railway routes. Apart from this, the increasing electrification of railway networks is also expected to foster the growth of this market globally.
Additionally, the oil-importing countries are also planning to reduce their oil dependency, thereby looking for an alternative energy source. As a result, most of the countries prefer electricity as a source of energy for various rolling stocks. Thereby, the governments of various countries are actively involved in to planning of the new railway routes in their metro cities and suburban areas. As a result, the industry is experiencing a large number of upcoming and ongoing metro railway and intercity railway projects globally. Thereby, the demand for rolling stock market are likely to grow at a steady pace globally.
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Dynamics of Rolling Stock Market:
Driver: Increasing electrification of railway networks
Rising concerns regarding a greener environment have increased the demand for non-polluting and energy-efficient transport systems globally. Additionally, various associated benefits of EMU and electric locomotives such as low maintenance cost, zero refueling time, high efficiency, high starting torque and high load carrying capacity, coupled with increasing oil price are acting as a growth factor for electrified rail networks all over the world. As a result, most of the countries prefer electricity as a source of energy for various rolling stocks. This resulted in the increasing electrification of railway networks all over the world. Therefore, the demand for electric locomotives and EMUs is rising at a rapid pace globally. Countries are also replacing their old diesel locomotives and DMUs with electric locomotives and EMUs, respectively.
For instance, in 2021, South Korea announced to completely phase out all their diesel-hauled passenger trains in the country and replace them with new electric bullet trains by 2029. This will provide the necessary boost to the rolling stock industry. Currently, the electrification of railway networks is higher in Russia, Japan, and South Korea. India also has a well-electrified rail network. Currently, three zones of Indian railways have achieved 100% electrification: Kolkata Metro, West Central Railway, and East Coast Railway. Hence, the rolling stock market is expected to grow on the back of electrified railway networks in the coming years globally.
Restraint: Refurbishment of existing rolling stock
The need to increase vehicle capacity and the surging demand for reduced travel costs have boosted the market for rolling stock refurbishment. The existing fleet is required to be increased to accommodate the increasing numbers of passengers. However, the current capacity of rolling stock of several rail franchises is inadequate to meet the increased demand. Thus, refurbishment is a viable alternative to enhance capacity and provide an opportunity to address known reliability issues, improve train energy efficiency, and update vehicles to meet current requirements.
Opportunity: Development of hydrogen fuel cell locomotives & battery-operated trains
The rolling stock industry is moving towards the adoption of hydrogen fuel cell locomotives owing to the need for green transportation, creating cost-effective solution for trains and better performance of railway locomotives. Hydrogen fuel cell locomotives and battery-operated trains have various advantages such as these trains can run both on the electrified and non-electrified railway networks, do not require expensive infrastructures, do not require a long refueling time, have zero-emission facility, battery-operated trains are the ideal cost-effective solution for short distance trips and hydrogen powered lcomotives can be used for long distance journey’s as well. Reputed rolling stock manufacturers like CRRC Corporation Limited, Alstom SA, Siemens AG, Stadler Rail AG, Hyundai Rotem Company, Mitsubishi, and Deutsche Bahn AG are currently working on the development of hydrogen-powered fuel-cell locomotive. Alstom SA developed its first hydrogen-powered passenger train, Coradia iLint, in 2016, and CRRC Corporation Limited developed China’s first hydrogen fuel cell hybrid locomotive in 2021. On the other hand Alstom SA presented its battery-powered multiple unit train in Saxony (Germany), and in January 2022, the company launched a battery train in collaboration with Deutsche BAHN AG. Therefore, with the growing popularity of hydrogen fuel cell locomotives and battery-operated trains, the demand for rolling stock market is expected to grow in the coming years globally.
Challenge: Sustained impact of COVID-19 on passenger transportation
Transportation through the railway has faced huge losses as passengers prefer personalized transport options for their daily commutation and short-distance travel due to the outbreak of COVID-19. Thus, railway service operators and railway route controlling organizations faced huge losses in 2021. For example, in Europe, there was a decline of 6% in railway passengers till the first half of 2021. Similarly, the revenue of Indian Railways had declined by 20% in the fiscal year 2021, and passenger traffic declined by 30% till the first half of 2021.
The railway passenger traffic in Japan decreased by 6% in the first half of 2021, and the passenger traffic declined by 11% in North America during the same period. As a result, various ongoing railway projects and the order of new rolling stocks have come to a halt or are growing at a slow pace due to a lack of funds. On the other hand, governments also face a lack of funds due to COVID-19.
By locomotive technology, conventional locomotive segment is expected to hold the larger share in the global rolling stock market
Diesel, and electric locomotives are considered conventional locomotives. Growing urbanization increases the development of additional public transportation to overcome issues related to traffic congestion in urban areas. Railway transport serves as a viable option to meet the demand for an urban commute as well as long-distance travel. Therefore, the trend of electrification of rail lines is expected to boost the demand for electric locomotives. For instance, India is planning to achieve the 100% green railway with net-zero emission by 2030 as the first country in the world, thereby putting more effort into achieving 100% electrification of the rail network by 2023, thus, propelling the electric locomotives market in the country. Moreover, the increasing demand for electric locomotives and the growing electro-diesel market in Europe are expected to boost the demand for conventional locomotives.
By product type, wagon segment is expected to be the largest in rolling stock market during the forecast period
The high convenience and safety of railways, cost-effectiveness, and low emissions compared to other transport modes for bulk and mass freight transportation are boosting the market for freight transportation globally. Freight wagons are used to transport cargo such as bulk material, intermodal containers, general freight, or specialized freight in custom-designed cars. The demand for freight wagons is high in countries such as the US, China, and Russia due to the demand for replacements and the strong growth of the manufacturing sector. The availability of custom-made and technologically advanced wagons such as chemical and pressure tank wagons and car-carrier and low-loader container-carrying wagons are driving the market for freight wagons. This would fuel the demand for wagons during the forecast period.
By application type, freight transportation segment is expected to be the largest during the forecast period
Cost savings, government funding, high efficiency, and reliability are the major drivers for the growth of freight transportation in this market. Increasing government funding is expected to create a robust infrastructure for freight transportation. Moreover, the increasing need for effective transportation of industrial as well as commercial goods is boosting the growth of the rolling stock market for freight transportation. Rail transportation is more efficient and cost-effective than other modes of transportation. Therefore, various countries are promoting the use of rolling stock for freight transportation. For example, in 2020, France announced doubling freight transportation from 9% in 2020 to 18% by 2030.In the fiscal year 2021-22, till August 2021, freight transportation accounted for a share of 79.1%of the total revenue generated by the Indian Railways. Hence, it is expected that the demand for freight transportation is likely to grow at a rapid pace in the coming years globally.
The Asia Oceania is projected to hold the largest share by 2027.
Asia Oceania is expected to account for the largest market share in terms of volume by 2027. Significant urbanization coupled with significant volumes of goods transported through rail, increased demand for the metro rail network, and dedicated railway freight corridors are the factors driving the demand for rolling stocks in this region. Apart from this, owing to increased production, domestic demand, capacity expansions by rolling stock manufacturers and larger order intake volume, the region dominates this market globally. This increase in production helps to cope with the rising demand for rail transportation and concerns related to fuel-efficiency norms and regulations. In addition to domestic markets, there is an increase in demand from international markets. For example, in February 2021, CRRC Corporation Limited won a supply contract of supplying 10 diesel locomotives to KiwiRail of New Zealand, and the company won a supply contract of supplying 100 trams to Bucharest Town Hall of Romania in the same year. Moreover, the region comprises some of the fastest-growing economies in the world including China and India, offering opportunities for rolling stock manufacturers. Governments in these countries have recognized the growth potential of the rolling stock market.
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Key Market Players
The global rolling stock market is dominated by major players such as CRRC Corporation Limited (China), Alstom SA (France), Siemens AG (Germany), Wabtec Corporation (US), Kawasaki Heavy Industries, Ltd. (Japan), Stadler Rail AG (Switzerland), CAF Group (Spain), Hyundai Rotem Company (South Korea), Mitsubishi Heavy Industries Engineering, Ltd. (Japan), Talgo (Spain), Transmashholding (Russia), etc. These companies have secure distribution networks at a global level and offer a wide range of rolling stocks for passenger as well as freight transportation. The key strategies adopted by these companies to sustain their market position are collaborations, new product developments, acquisitions, etc.
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|
Report Metric |
Details |
|
Market size available for years |
2018–2027 |
|
Base year considered |
2021 |
|
Forecast period |
2022–2027 |
|
Forecast units |
Volume (Units) and Value (USD Million) |
|
Segments covered |
Product Type, Application, Components, Technology & Region |
|
Geographies covered |
Asia Oceania, Europe, North America, MEA and RoW |
|
Companies Covered |
CRRC Corporation Limited (China), Alstom SA (France), Siemens AG (Germany), Wabtec Corporation (US), Kawasaki Heavy Industries, Ltd. (Japan), Stadler Rail AG (Switzerland), CAF Group (Spain), Hyundai Rotem Company (South Korea), Mitsubishi Heavy Industries Engineering, Ltd. (Japan), Talgo (Spain), Transmashholding (Russia), etc. |
This research report categorizes the rolling stock market based on product type, application, technology, by component and Region
Based on Product Type
- Locomotive
- Diesel Locomotive
- Electric Locomotive
- Electro-diesel Locomotive
- Rapid Transit
- DMU
- EMU
- Light Rails/Trams
- Subways/Metros
- Monorails
- Coaches
- Wagons
- Others
Based on Locomotive Technology
- Conventional Locomotive
- Turbocharged Locomotive
- Maglev
Based on Application
- Passenger Application
- Freight Application
Based on Component
- Pantograph
- Axle
- Wheelset
- Traction Motor
- Auxiliary Power System
- Air Conditioning System
- Passenger Information System
- Position Train Control
- Brakes
- Gearboxes
- Train Control System
- Baffle gear
- Coupler
Based on the Region
- North America
- US
- Canada
- Mexico
- Asia Oceania
- China
- India
- Japan
- South Korea
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Middle East & Africa
- UAE
- Egypt
- South Africa
- RoW
- Brazil
- Russia
Recent Developments
- In January 2022, Alstom SA developed a battery train and started trial of passenger operation in Germany in collaboration with Deutsche Bahn.
- In January 2022, Alstom SA received a supply contract for supplying 17 modern high-capacity Coradia Stream electric multiple units to DB Regio for the Main-Weser network in Germany. This contract consists of 13 four-car and four five-car trainsets.
- In January 2022, Alstom SA received an order of supplying 200 Coradia Nordic trains to Norske Tog AS. The first batch of order delivery will consist of 30 trains with an order value of USD 430 million. Each trainset of Coradia Nordic consists of six single-deck coaches for a total capacity of 778 passengers and will be equipped with the latest ETCS signaling system.
- In January 2022, Wabtec Corporation acquired MASU (India). This acquisition helped the company improve its product offering in railway friction business segment.
- In January 2022, Transmashholding signed a supply contract with Argentina’s Transport Authorities (Argentina) to supply 70 passenger electric trains. The contract also includes maintenance service of the trains.
- In January 2022, Transmashholding signed a supply contract with Central Exurban Passenger Company (Russia) to supply 77 EMU cars.
- In December 2021, Alstom SA and Hitachi rail formed 50:50 joint venture company i.e., Hitachi-Alstom High Speed (HAH-S). This joint venture company has signed a contract to build and maintain High Speed Two (HS2) trains in Britain. This contract consists of supplying total 54 high speed trains and a 12-year train maintenance contract.
- In December 2021, Siemens AG signed a framework agreement for the supply of 20 Vectron locomotives to Akiem (France).
- In December 2021, Stadler Rail AG acquired German Verkehrstechnik GmbH (BBR) (Germany) to improve its expertise in railway technologies i.e., signaling technology and digitalization.
- In December 2021, CRRC Corporation Limited developed an autonomous metro train for Shenzhen Metro Line 16. It is a fully automatic train, which can perform automatic recovery during event failure situation without human intervention. This train is equipped with GOA4 level technology, has total 6 Type A cars, and operates at a maximum speed of 80 km/hour.
- In December 2021, CRRC Datong and State Power Investment Corporation (SPIC) jointly developed China’s first hydrogen fuel cell hybrid locomotive. This locomotive is now operational in Jinzhou-Baiyinhua Railway in Inner Mongolia Autonomous Region. This locomotive can operate for maximum 24.5 hours with full load of hydrogen at a maximum speed of 80 km/hour. The maximum traction load of this locomotive is up to 5,000 tons.
- In December 2021, Siemens AG is developed Digital Train Control System in collaboration with VGF (Germany). This system is expected to replace the conventional train control system used in metro and tram network. This system is developed to increase the capacity and efficiency of train routes, especially in the underground sections.
- In October 2021, Deutsche Bahn (DB) and Siemens Mobility developed the world’s first automatic train, which is fully automated and controlled by digital technology and needs no human interference. This development is the part of Digital S-Bahn Hamburg project.
- In November 2021, Siemens AG received a supply order for 31 battery-operated trains from Niederbarnimer Eisenbahn (NEB).
Frequently Asked Questions (FAQ):
What is the current size of the global rolling stock market?
The global rolling stock market is estimated to be USD 53.8 billion in 2022 and projected to reach USD 64.8 billion by 2027, at a CAGR of 3.8%
Who are the winners in the global rolling stock market?
Companies such as CRRC Corporation Limited (China), Alstom SA (France), Siemens AG (Germany), Wabtec Corporation, CAF Group fall under the winners' category. These companies have been competing for developing advanced and innovative Locomotives and Multiple Units. With advanced R&D facilities, large production capacities, and strong distribution networks (geographical presence), these companies have managed to stay ahead of other companies.
What is the COVID-19 impact on vehicle & component manufacturers?
Most of the rolling stock manufacturers and component suppliers incurred losses due to sales reduction during the pandemic in the initial months. However, in 2021 during the first six months the sales recovered as the orders for new rolling stocks are placed in the following months, however overall the companies suffered varying amount of losses. As well as the shortage of electronic chips and semiconductors hampered the production process in 2021. According to industry experts, the effect of this situation is expected to last till the second quarter of 2022This may decelerate the market growth in the coming years.
What are the new market trends impacting the growth of the rolling stock market?
Growing demand for autonomous trains, increasing demand for freight transportation and growing demand for subways/metros are some of the major trends affecting this market. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 27)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 ROLLING STOCK MARKET SEGMENTATION
1.3.2 INCLUSIONS & EXCLUSIONS
TABLE 1 INCLUSIONS & EXCLUSIONS FOR STUDY OF ROLLING STOCK MARKET
1.3.3 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY & PRICING
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 33)
2.1 RESEARCH DATA
FIGURE 2 RESEARCH DESIGN
FIGURE 3 RESEARCH METHODOLOGY MODEL
2.1.1 SECONDARY DATA
2.1.1.1 List of key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.2.1 List of primary participants
2.2 MARKET ESTIMATION METHODOLOGY
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
FIGURE 6 ROLLING STOCK MARKET SIZE: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY FOR ROLLING STOCK MARKET: TOP-DOWN APPROACH
FIGURE 8 ROLLING STOCK MARKET: RESEARCH DESIGN & METHODOLOGY
FIGURE 9 ROLLING STOCK MARKET: RESEARCH METHODOLOGY ILLUSTRATION OF ALSTOM SA REVENUE ESTIMATION
2.4 DATA TRIANGULATION
FIGURE 10 DATA TRIANGULATION METHODOLOGY
2.5 FACTOR ANALYSIS
2.5.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
2.6 RESEARCH ASSUMPTIONS
2.7 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 46)
FIGURE 11 ROLLING STOCK MARKET OVERVIEW
FIGURE 12 ROLLING STOCK MARKET, BY REGION, 2022–2027
FIGURE 13 ROLLING STOCK MARKET, BY PRODUCT TYPE, 2022 VS. 2027 (USD MILLION)
FIGURE 14 KEY PLAYERS OPERATING IN ROLLING STOCK MARKET, BY REGION
4 PREMIUM INSIGHTS (Page No. - 51)
4.1 ATTRACTIVE OPPORTUNITIES IN ROLLING STOCK MARKET
FIGURE 15 INCREASED INVESTMENTS IN RAPID TRANSIT PROJECTS EXPECTED TO DRIVE THE MARKET FOR ROLLING STOCKS
4.2 ROLLING STOCK MARKET SHARE, BY REGION
FIGURE 16 ASIA OCEANIA ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF ROLLING STOCK MARKET IN 2022
4.3 ROLLING STOCK MARKET, BY PRODUCT TYPE
FIGURE 17 RAPID TRANSIT SEGMENT EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.4 ROLLING STOCK MARKET, BY APPLICATION
FIGURE 18 FREIGHT TRANSPORTATION SEGMENT EXPECTED TO LEAD MARKET DURING FORECAST PERIOD
4.5 ROLLING STOCK MARKET, BY LOCOMOTIVE TECHNOLOGY
FIGURE 19 CONVENTIONAL LOCOMOTIVES SEGMENT PROJECTED TO GROW AT HIGHER CAGR FROM 2022 TO 2027
5 MARKET OVERVIEW (Page No. - 54)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 ROLLING STOCK MARKET: MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing preference towards railway-based public transport as a means of reducing traffic congestion
FIGURE 21 DRIVING TIME SPENT IN TRAFFIC CONGESTION IN US, BY CITY, 2021
5.2.1.2 Rising demand for energy-efficient transport
FIGURE 22 GLOBAL CO2 EMISSIONS FROM DIFFERENT TRANSPORT SEGMENTS, 2000-2030
5.2.1.3 Increasing demand for comfort and safety
5.2.1.4 Increasing electrification of railway networks
FIGURE 23 ENERGY DEMAND IN GLOBAL RAILWAY INDUSTRY, 2017-2050
5.2.1.5 Growth in rolling stock order
FIGURE 24 NEW ROLLING STOCK ORDERS, BY REGION, BY VOLUME (UNITS), 2020-2021(FIRST SIX MONTHS)
5.2.2 RESTRAINTS
5.2.2.1 Refurbishment of existing rolling stock
5.2.2.2 Capital-intensive rolling stock
5.2.3 OPPORTUNITIES
5.2.3.1 Big data applications in rail industry
5.2.3.2 Increase in industrial and mining activities
FIGURE 25 DIFFERENT MODES OF FREIGHT TRANSPORTATION
5.2.3.3 Development of hydrogen fuel cell locomotives
5.2.3.4 Development of battery-operated trains
5.2.3.5 Development of solar power trains
5.2.4 CHALLENGES
5.2.4.1 High overhaul and maintenance costs
5.2.4.2 Requirement of high R&D investments
5.2.4.3 Sustained impact of COVID-19 on passenger transportation
5.2.5 IMPACT OF MARKET DYNAMICS
TABLE 2 ROLLING STOCK MARKET: IMPACT OF MARKET DYNAMICS
5.3 PESTLE ANALYSIS
5.3.1 POLITICAL FACTORS
5.3.1.1 Europe
5.3.1.2 Asia Oceania
5.3.1.3 North America
5.3.1.4 Rest of the World (RoW)
5.3.1.5 Middle East & Africa (MEA)
5.3.2 ECONOMIC FACTORS
5.3.2.1 Europe
5.3.2.2 Asia Oceania
5.3.2.3 North America
5.3.2.4 Rest of the World (RoW)
5.3.2.5 Middle East & Africa (MEA)
5.3.3 SOCIAL FACTORS
5.3.3.1 Europe
5.3.3.2 Asia Oceania
5.3.3.3 North America
5.3.3.4 Rest of the World (RoW)
5.3.3.5 Middle East & Africa (MEA)
5.3.4 TECHNOLOGICAL FACTORS
5.3.4.1 Europe
5.3.4.2 Asia Oceania
5.3.4.3 North America
5.3.4.4 Rest of the World (RoW)
5.3.4.5 Middle East & Africa (MEA)
5.3.5 LEGAL FACTORS
5.3.5.1 Europe
5.3.5.2 Asia Oceania
5.3.5.3 North America
5.3.5.4 Rest of the World (RoW)
5.3.5.5 Middle East & Africa (MEA)
5.3.6 ENVIRONMENTAL FACTORS
5.3.6.1 Europe
5.3.6.2 Asia Oceania
5.3.6.3 North America
5.3.6.4 Rest of the World (RoW)
5.3.6.5 Middle East & Africa (MEA)
5.4 PORTER’S FIVE FORCES
TABLE 3 IMPACT OF PORTER’S FIVE FORCES ON ROLLING STOCK MARKET
FIGURE 26 PORTERS FIVE FORCES: ROLLING STOCK MARKET
5.4.1 INTENSITY OF COMPETITIVE RIVALRY
5.4.2 THREAT OF SUBSTITUTES
5.4.3 BARGAINING POWER OF BUYERS
5.4.4 BARGAINING POWER OF SUPPLIERS
5.4.5 THREAT OF NEW ENTRANTS
5.5 KEY STAKEHOLDERS & BUYING CRITERIA
5.5.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 27 INFLUENCE OF STAKEHOLDERS IN BUYING TOP 3 APPLICATIONS
TABLE 4 INFLUENCE OF STAKEHOLDERS IN BUYING TOP 3 ROLLING STOCK PRODUCTS (%)
5.5.2 BUYING CRITERIA
FIGURE 28 KEY BUYING CRITERIA FOR TOP 3 PRODUCTS
TABLE 5 KEY BUYING CRITERIA OF TOP 3 ROLLING STOCK PRODUCTS
5.6 ROLLING STOCK MARKET ECOSYSTEM
FIGURE 29 ROLLING STOCK MARKET: ECOSYSTEM ANALYSIS
FIGURE 30 ROLLING STOCK MARKET: NEURAL NETWORK
TABLE 6 ROLE OF COMPANIES IN ROLLING STOCK ECOSYSTEM
5.7 VALUE CHAIN ANALYSIS
FIGURE 31 VALUE CHAIN ANALYSIS: ROLLING STOCK MARKET
5.7.1 RESEARCH AND PRODUCT DEVELOPMENT EXECUTIVES
5.7.2 RAW MATERIAL/COMPONENT SUPPLIERS
5.7.3 ORIGINAL EQUIPMENT MANUFACTURERS
5.7.4 TIER II SUPPLIERS
TABLE 7 ROLLING STOCK MARKET: SUPPLY CHAIN STAKEHOLDERS AND THEIR STRATEGIES
5.8 TRENDS IMPACTING CUSTOMER’S BUSINESS
FIGURE 32 TRENDS IMPACTING CUSTOMER’S BUSINESS IN ROLLING STOCK MARKET
5.9 PATENT ANALYSIS
TABLE 8 PATENT ANALYSIS: ROLLING STOCK MARKET (ACTIVE PATENTS)
TABLE 9 PATENT ANALYSIS: ROLLING STOCK MARKET (PENDING PATENTS)
5.10 CASE STUDY ANALYSIS
5.10.1 EXCAVATION OF BIG ANALOG DATA VALUE: COMPACTRIO & NI INSIGHTCM
5.10.2 GOLINC-M MODULES
5.10.3 INTELLIGENT ASSET MANAGEMENT (IAM)
5.11 PRICE TREND ANALYSIS
FIGURE 33 ROLLING STOCK MARKET: PRICING ANALYSIS
5.12 TARIFF AND REGULATORY OVERVIEW
5.13 IMPORT AND EXPORT DATA
FIGURE 34 US: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2015-2020 (USD MILLION)
FIGURE 35 CHINA: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2015-2020 (USD MILLION)
5.14 KEY CONFERENCES & EVENTS IN 2022-2023
TABLE 10 ROLLING STOCK MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.15 TARIFF AND REGULATORY LANDSCAPE
5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.16 ROLLING STOCK MARKET: COVID-19 IMPACT
5.16.1 ANALYSIS OF IMPACT OF COVID-19 ON RAILWAY INDUSTRY
TABLE 15 IMPACT OF COVID-19 ON RAILWAY INDUSTRY
TABLE 16 IMPACT OF COVID-19 ON MARKET PLAYERS
5.16.2 IMPACT OF COVID-19 ON ROLLING STOCK MARKET
5.17 ROLLING STOCK MARKET, MARKET SCENARIOS (2022–2027)
FIGURE 36 ROLLING STOCK MARKET: FUTURE TRENDS & SCENARIOS, 2022–2027 (USD MILLION)
5.17.1 ROLLING STOCK MARKET, REALISTIC SCENARIO
TABLE 17 ROLLING STOCK MARKET: REALISTIC SCENARIO, BY REGION, 2022–2027 (USD MILLION)
5.17.2 ROLLING STOCK MARKET, OPTIMISTIC SCENARIO
TABLE 18 ROLLING STOCK MARKET: OPTIMISTIC SCENARIO, BY REGION, 2022–2027 (USD MILLION)
5.17.3 ROLLING STOCK MARKET, PESSIMISTIC SCENARIO
TABLE 19 ROLLING STOCK MARKET: PESSIMISTIC SCENARIO, BY REGION, 2022–2027 (USD MILLION)
6 TECHNOLOGY ANALYSIS (Page No. - 98)
6.1 INTRODUCTION
6.2 MAGNETIC LEVITATION TRAINS (MAGLEV)
6.2.1 ADVANTAGES OF MAGLEV SYSTEM TRAINS
6.2.2 HIGH-SPEED RAILWAY VS. MAGLEV SYSTEMS
TABLE 20 HIGH-SPEED RAILWAY VS. MAGLEV RAILWAY SYSTEMS (200-MPH HIGH-SPEED RAILWAY & 250-MPH MAGLEV)
6.2.3 ECOLOGICAL IMPACT OF MAGLEV
FIGURE 37 SPECIFIC ENERGY CONSUMPTION: ICE TRAIN VS. MAGLEV TRAIN (WATT-HOURS PER SEAT-KM)
FIGURE 38 CO2 EMISSIONS: ICE TRAIN VS. MAGLEV TRAIN (GRAMS PER SEAT-KM)
6.3 ROLLING STOCK REFURBISHMENT
6.3.1 MAJOR CASE STUDIES/PROGRAMS
6.3.1.1 Strukton rail program
6.3.1.2 Queensland rail stabling program
6.3.1.3 Heathrow Express project
6.3.1.4 Enterprise refurbishment program
6.3.1.5 Belgian national railways
6.3.1.6 TXM projects program
6.3.1.7 Scotrail alliance
6.3.1.8 Eversholt Renatus program
6.3.1.9 Refurbishment and maintenance for Belgian National Railways
6.3.1.10 Refurbishment and maintenance for NAT (National Authority for Tunnels) Egypt
6.3.1.11 Other programs
6.3.2 DIGITALIZATION OF RAILWAYS
6.3.3 ARTICULATED AND NON-ARTICULATED TRAINS
TABLE 21 DIFFERENCES BETWEEN ARTICULATED AND NON-ARTICULATED TRAINS
6.3.4 TILTING AND NON-TILTING TRAIN
6.3.5 AUTONOMOUS TRAINS
TABLE 22 LEVEL OF AUTONOMY FOR ROLLING STOCK
6.4 KEY OPINION FROM INDUSTRY EXPERTS
7 ROLLING STOCK MARKET, BY COMPONENT (Page No. - 108)
7.1 INTRODUCTION
7.2 TRAIN CONTROL SYSTEMS
7.3 PANTOGRAPHS
7.4 AXLES
7.5 WHEELSETS
7.6 TRACTION MOTORS
7.7 PASSENGER INFORMATION SYSTEMS
7.8 BRAKES
7.9 AIR CONDITIONING SYSTEMS
7.10 AUXILIARY POWER SYSTEMS
7.11 GEARBOXES
7.12 BAFFLE GEAR
7.13 COUPLER
8 ROLLING STOCK MARKET, BY LOCOMOTIVE TECHNOLOGY (Page No. - 112)
8.1 INTRODUCTION
FIGURE 39 ROLLING STOCK MARKET, BY LOCOMOTIVE TECHNOLOGY, 2022 VS. 2027 (USD MILLION)
TABLE 23 ROLLING STOCK MARKET, BY LOCOMOTIVE TECHNOLOGY, 2018–2021 (UNITS)
TABLE 24 ROLLING STOCK MARKET, BY LOCOMOTIVE TECHNOLOGY, 2022–2027 (UNITS)
TABLE 25 ROLLING STOCK MARKET, BY LOCOMOTIVE TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 26 ROLLING STOCK MARKET, BY LOCOMOTIVE TECHNOLOGY, 2022–2027 (USD MILLION)
8.2 OPERATIONAL DATA
TABLE 27 ROLLING STOCK MARKET, BY TECHNOLOGY TYPE
8.2.1 ASSUMPTIONS
TABLE 28 ASSUMPTIONS: BY LOCOMOTIVE TECHNOLOGY
8.2.2 RESEARCH METHODOLOGY
8.3 CONVENTIONAL LOCOMOTIVES
8.3.1 MIDDLE EAST & AFRICA EXPECTED TO BE FASTEST-GROWING MARKET FOR CONVENTIONAL LOCOMOTIVES FROM 2022–2027
FIGURE 40 CONVENTIONAL LOCOMOTIVES MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 29 CONVENTIONAL LOCOMOTIVES MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 30 CONVENTIONAL LOCOMOTIVES MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 31 CONVENTIONAL LOCOMOTIVES MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 32 CONVENTIONAL LOCOMOTIVES MARKET, BY REGION, 2022–2027 (USD MILLION)
8.4 TURBOCHARGED LOCOMOTIVES
8.4.1 ASIA OCEANIA EXPECTED TO HOLD LARGEST SHARE IN TURBOCHARGED LOCOMOTIVE MARKET DURING FORECAST PERIOD
FIGURE 41 TURBOCHARGED LOCOMOTIVES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
TABLE 33 TURBOCHARGED LOCOMOTIVES MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 34 TURBOCHARGED LOCOMOTIVES MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 35 TURBOCHARGED LOCOMOTIVES MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 36 TURBOCHARGED LOCOMOTIVES MARKET, BY REGION, 2022–2027 (USD MILLION)
8.5 MAGLEV
TABLE 37 COMPARISON BETWEEN CONVENTIONAL HIGH-SPEED RAIL, MAGLEV AND HYPERLOOP
8.5.1 TYPES OF MAGLEV
8.5.1.1 Electromagnetic suspension
8.5.1.2 Electrodynamic suspension
8.5.1.3 Inductrack
8.6 KEY PRIMARY INSIGHTS
9 ROLLING STOCK MARKET, BY PRODUCT TYPE (Page No. - 125)
9.1 INTRODUCTION
FIGURE 42 ROLLING STOCK MARKET, BY PRODUCT TYPE, 2022 VS. 2027 (USD MILLION)
TABLE 38 ROLLING STOCK MARKET, BY PRODUCT TYPE, 2018–2021 (UNITS)
TABLE 39 ROLLING STOCK MARKET, BY PRODUCT TYPE, 2022–2027 (UNITS)
TABLE 40 ROLLING STOCK MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 41 ROLLING STOCK MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
9.2 OPERATIONAL DATA
TABLE 42 ROLLING STOCK OFFERING, BY COMPANY
9.2.1 ASSUMPTIONS
TABLE 43 ASSUMPTIONS: BY PRODUCT TYPE
9.2.2 RESEARCH METHODOLOGY
9.3 LOCOMOTIVES
FIGURE 43 LOCOMOTIVES MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)
TABLE 44 LOCOMOTIVES MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 45 LOCOMOTIVES MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 46 LOCOMOTIVES MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 47 ROLLING STOCK MARKET, BY TYPE, 2022–2027 (USD MILLION)
9.3.1 DIESEL LOCOMOTIVES
9.3.1.1 Asia Oceania accounts for largest share of diesel locomotive market
TABLE 48 DIESEL LOCOMOTIVES MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 49 DIESEL LOCOMOTIVES MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 50 DIESEL LOCOMOTIVES MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 51 DIESEL LOCOMOTIVES MARKET, BY REGION, 2022–2027 (USD MILLION)
9.3.2 ELECTRIC LOCOMOTIVES
9.3.2.1 Asia Oceania accounts for largest share of electric locomotives market during forecast period
TABLE 52 ELECTRIC LOCOMOTIVES MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 53 ELECTRIC LOCOMOTIVES MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 54 ELECTRIC LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 55 ELECTRIC LOCOMOTIVES MARKET, BY REGION, 2022–2027 (USD MILLION)
9.3.3 ELECTRO-DIESEL LOCOMOTIVES
9.3.3.1 Europe expected to be largest market for electro-diesel during 2022–2027
TABLE 56 ELECTRO-DIESEL LOCOMOTIVES MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 57 ELECTRO-DIESEL LOCOMOTIVES MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 58 ELECTRO-DIESEL LOCOMOTIVES MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 59 ELECTRO-DIESEL LOCOMOTIVES MARKET, BY REGION, 2022–2027 (USD MILLION)
9.4 RAPID TRANSIT
FIGURE 44 RAPID TRANSIT MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)
TABLE 60 RAPID TRANSIT MARKET, BY TYPE, 2018–2021 (UNITS)
TABLE 61 RAPID TRANSIT MARKET, BY TYPE, 2022–2027 (UNITS)
TABLE 62 RAPID TRANSIT MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 63 RAPID TRANSIT MARKET, BY TYPE, 2022–2027 (USD MILLION)
9.4.1 DIESEL MULTIPLE UNITS (DMUS)
9.4.1.1 North America expected to be fastest-growing market for DMUS during forecast period
TABLE 64 DIESEL MULTIPLE UNITS MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 65 DIESEL MULTIPLE UNITS MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 66 DIESEL MULTIPLE UNITS MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 67 DIESEL MULTIPLE UNITS MARKET, BY REGION, 2022–2027 (USD MILLION)
9.4.2 ELECTRIC MULTIPLE UNIT (EMU)
9.4.2.1 EUROPE TO DOMINATE EMUS MARKET DURING FORECAST PERIOD
TABLE 68 ELECTRIC MULTIPLE UNITS MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 69 ELECTRIC MULTIPLE UNITS MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 70 ELECTRIC MULTIPLE UNITS MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 71 ELECTRIC MULTIPLE UNITS MARKET, BY REGION, 2022–2027 (USD MILLION)
9.4.3 LIGHT RAILS/TRAMS
9.4.3.1 Asia Oceania accounted for largest share of light rails market during forecast period
TABLE 72 LIGHT RAILS/TRAMS MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 73 LIGHT RAILS/TRAMS MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 74 LIGHT RAILS/TRAMS MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 75 LIGHT RAILS/TRAMS MARKET, BY REGION, 2022–2027 (USD MILLION)
9.4.4 SUBWAYS/METROS
9.4.4.1 Asia Oceania accounted for largest share of metros market
TABLE 76 SUBWAYS/METROS MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 77 SUBWAYS/METROS MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 78 SUBWAYS/METROS MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 79 SUBWAYS/METROS MARKET, BY REGION, 2022–2027 (USD MILLION)
9.4.5 MONORAILS
9.5 COACHES
9.5.1 HIGH TRAFFIC CONGESTION LED TO RISE IN DEMAND FOR COACHES
FIGURE 45 COACHES MARKET, BY REGION, 2022 VS. 2027 (USD MILLION)
TABLE 80 COACHES MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 81 COACHES MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 82 COACHES MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 83 COACHES MARKET, BY REGION, 2022–2027 (USD MILLION)
9.6 WAGONS
9.6.1 RISE IN DEMAND FOR ENERGY-EFFICIENT FREIGHT TRANSPORT DRIVE THIS SEGMENT
FIGURE 46 WAGONS MARKET, BY REGION, 2022 VS. 2027 (USD MILLION)
TABLE 84 WAGONS MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 85 WAGONS MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 86 WAGONS MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 87 WAGONS MARKET, BY REGION, 2022–2027 (USD MILLION)
9.7 OTHERS
9.7.1 HYPERLOOP – THE FUTURE OF TRANSPORTATION
9.8 KEY PRIMARY INSIGHTS
10 ROLLING STOCK MARKET, BY APPLICATION (Page No. - 153)
10.1 INTRODUCTION
FIGURE 47 ROLLING STOCK MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION)
TABLE 88 ROLLING STOCK MARKET, BY APPLICATION, 2018–2021 (UNITS)
TABLE 89 ROLLING STOCK MARKET, BY APPLICATION, 2022–2027 (UNITS)
TABLE 90 ROLLING STOCK MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 91 ROLLING STOCK MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.2 OPERATIONAL DATA
TABLE 92 TYPES OF ROLLING STOCK, BY COMPANY, MODEL, AND APPLICATION
10.2.1 ASSUMPTIONS
TABLE 93 ASSUMPTIONS: BY APPLICATION
10.2.2 RESEARCH METHODOLOGY
10.3 PASSENGER TRANSPORTATION
FIGURE 48 ROLLING STOCK MARKET FOR PASSENGER TRANSPORTATION, BY TYPE, 2022 VS. 2027 (USD MILLION)
TABLE 94 ROLLING STOCK MARKET FOR PASSENGER TRANSPORTATION, BY TYPE, 2018–2021 (UNITS)
TABLE 95 ROLLING STOCK MARKET FOR PASSENGER TRANSPORTATION, BY TYPE, 2022–2027 (UNITS)
TABLE 96 ROLLING STOCK MARKET FOR PASSENGER TRANSPORTATION, BY TYPE, 2018–2021 (USD MILLION)
TABLE 97 ROLLING STOCK MARKET FOR PASSENGER TRANSPORTATION, BY TYPE, 2022–2027 (USD MILLION)
10.3.1 LOCOMOTIVES
10.3.1.1 Asia Oceania accounts for largest share of passenger locomotives market from 2022–2027
TABLE 98 PASSENGER LOCOMOTIVES MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 99 PASSENGER LOCOMOTIVES MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 100 PASSENGER LOCOMOTIVES MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 101 PASSENGER LOCOMOTIVES MARKET, BY REGION, 2022–2027 (USD MILLION)
10.3.2 COACHES
10.3.2.1 Asia Oceania expected to hold largest share of passenger coaches market during forecast period
TABLE 102 PASSENGER COACHES MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 103 PASSENGER COACHES MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 104 PASSENGER COACHES MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 105 PASSENGER COACHES MARKET, BY REGION, 2022–2027 (USD MILLION)
10.4 FREIGHT TRANSPORTATION
FIGURE 49 FREIGHT TRANSPORTATION SERVICES INDEX, DECEMBER 2018 – DECEMBER 2021
FIGURE 50 ROLLING STOCK MARKET FOR FREIGHT TRANSPORTATION, BY REGION, 2022 VS. 2027 (USD MILLION)
TABLE 106 ROLLING STOCK MARKET FOR FREIGHT TRANSPORTATION, BY TYPE, 2018–2021 (UNITS)
TABLE 107 ROLLING STOCK MARKET FOR FREIGHT TRANSPORTATION, BY TYPE, 2022–2027 (UNITS)
TABLE 108 ROLLING STOCK MARKET FOR FREIGHT TRANSPORTATION, BY TYPE, 2018–2021 (USD MILLION)
TABLE 109 ROLLING STOCK MARKET FOR FREIGHT TRANSPORTATION, BY TYPE, 2022–2027 (USD MILLION)
10.4.1 LOCOMOTIVES
10.4.1.1 Asia Oceania expected to witness rise in demand for locomotives due to high growth of rail freight transportation
TABLE 110 FREIGHT LOCOMOTIVES MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 111 FREIGHT LOCOMOTIVES MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 112 FREIGHT LOCOMOTIVES MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 113 FREIGHT LOCOMOTIVES MARKET, BY REGION, 2022–2027 (USD MILLION)
10.4.2 WAGONS
10.4.2.1 Asia Oceania to hold largest share of freight wagon market from 2022–2027
TABLE 114 FREIGHT WAGONS MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 115 FREIGHT WAGONS MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 116 FREIGHT WAGONS MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 117 FREIGHT WAGONS MARKET, BY REGION, 2022–2027 (USD MILLION)
10.5 KEY PRIMARY INSIGHTS
11 ROLLING STOCK MARKET, BY REGION (Page No. - 169)
11.1 INTRODUCTION
FIGURE 51 ROLLING STOCK MARKET, BY REGION, 2022 VS. 2027 (USD MILLION)
TABLE 118 ROLLING STOCK MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 119 ROLLING STOCK MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 120 ROLLING STOCK MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 121 ROLLING STOCK MARKET, BY REGION, 2022–2027 (USD MILLION)
11.2 ASIA OCEANIA
11.2.1 EXISTING/UPCOMING RAPID TRANSIT PROJECTS IN ASIA OCEANIA
TABLE 122 MAJOR RAPID TRANSIT PROJECTS IN ASIA OCEANIA
11.2.2 UPCOMING LIGHT RAIL PROJECTS IN ASIA OCEANIA
TABLE 123 PROPOSED LIGHT RAIL PROJECTS IN ASIA OCEANIA
11.2.3 UPCOMING HIGH-SPEED RAIL/BULLET TRAIN PROJECTS IN ASIA OCEANIA
TABLE 124 MAJOR LIGHT RAIL PROJECTS IN ASIA OCEANIA
FIGURE 52 ASIA OCEANIA: ROLLING STOCK MARKET SNAPSHOT
TABLE 125 ASIA OCEANIA MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 126 ASIA OCEANIA MARKET, BY COUNTRY, 2022–2027 (UNITS)
TABLE 127 ASIA OCEANIA MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 128 ASIA OCEANIA MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.2.4 CHINA
11.2.4.1 Increasing investments in railway infrastructure propelling demand for rolling stocks in China
TABLE 129 LIST OF RAILWAY PROJECTS UNDER CHINA BELT AND ROAD PROJECTS
TABLE 130 CHINA: MARKET, BY PRODUCT TYPE, 2018–2021 (UNITS)
TABLE 131 CHINA: MARKET, BY PRODUCT TYPE, 2022–2027 (UNITS)
TABLE 132 CHINA: MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 133 CHINA: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
11.2.5 INDIA
11.2.5.1 Rapid electrification and increasing investment to develop a high-speed rail network will drive market
TABLE 134 INDIA: LIST OF METRO PROJECTS WITH PLANNED EXPANSION
TABLE 135 INDIA: MARKET, BY PRODUCT TYPE, 2018–2021 (UNITS)
TABLE 136 INDIA: MARKET, BY PRODUCT TYPE, 2022–2027 (UNITS)
TABLE 137 INDIA: MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 138 INDIA: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
11.2.6 JAPAN
11.2.6.1 Increasing investment for the purchase of rolling stock will propel market
TABLE 139 JAPAN: MARKET, BY PRODUCT TYPE, 2018–2021 (UNITS)
TABLE 140 JAPAN: MARKET, BY PRODUCT TYPE, 2022–2027 (UNITS)
TABLE 141 JAPAN: MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 142 JAPAN: MARKET, BY PRODUCT TYPE, 2022–2027(USD MILLION)
11.2.7 SOUTH KOREA
11.2.7.1 New product developments coupled with government support fueling demand for rolling stocks
TABLE 143 SOUTH KOREA: MARKET, BY PRODUCT TYPE, 2018–2021 (UNITS)
TABLE 144 SOUTH KOREA: MARKET, BY PRODUCT TYPE, 2022–2027 (UNITS)
TABLE 145 SOUTH KOREA: MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 146 SOUTH KOREA: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
11.2.8 AUSTRALIA
11.2.9 MALAYSIA
11.3 EUROPE
11.3.1 UPCOMING METRO/MONORAIL PROJECTS IN EUROPE
TABLE 147 MAJOR METRO/MONORAIL PROJECTS IN EUROPE
11.3.2 UPCOMING HIGH-SPEED RAIL/BULLET TRAIN PROJECTS IN EUROPE
TABLE 148 PROPOSED HIGH-SPEED RAIL/BULLET TRAIN PROJECTS IN EUROPE
11.3.3 UPCOMING RAPID TRANSIT PROJECTS IN EUROPE
TABLE 149 MAJOR RAPID TRANSIT PROJECTS IN EUROPE
FIGURE 53 EUROPE: ROLLING STOCK MARKET SNAPSHOT
TABLE 150 EUROPE MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 151 EUROPE MARKET, BY COUNTRY, 2022–2027 (UNITS)
TABLE 152 EUROPE MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 153 EUROPE MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.3.4 GERMANY
11.3.4.1 Significant investment in railway infrastructure and new product developments expected to drive market in Germany
TABLE 154 GERMANY: MARKET, BY PRODUCT TYPE, 2018–2021 (UNITS)
TABLE 155 GERMANY: MARKET, BY PRODUCT TYPE, 2022–2027 (UNITS)
TABLE 156 GERMANY: MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 157 GERMANY: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
11.3.5 FRANCE
11.3.5.1 Rising investment to upgrade rail infrastructure and R&D programs expected to drive market for rolling stocks
TABLE 158 FRANCE: MARKET, BY PRODUCT TYPE, 2018–2021 (UNITS)
TABLE 159 FRANCE: MARKET, BY PRODUCT TYPE, 2022–2027 (UNITS)
TABLE 160 FRANCE: MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 161 FRANCE: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
11.3.6 UK
11.3.6.1 Rising government investment in rail infrastructure coupled with increasing replacement of old rolling stocks expected to drive market
TABLE 162 UK: MARKET, BY PRODUCT TYPE, 2018–2021 (UNITS)
TABLE 163 UK: MARKET, BY PRODUCT TYPE, 2022–2027(UNITS)
TABLE 164 UK: MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 165 UK: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
11.3.7 ITALY
11.3.7.1 Rising government investment expected to drive demand for rolling stocks in Italy
TABLE 166 ITALY: MARKET, BY PRODUCT TYPE, 2018–2021 (UNITS)
TABLE 167 ITALY: MARKET, BY PRODUCT TYPE, 2022–2027 (UNITS)
TABLE 168 ITALY: MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 169 ITALY: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
11.3.8 SPAIN
11.3.8.1 Presence of reputed rolling stock manufacturers coupled with existence of longest high-speed rail network will drive market
TABLE 170 SPAIN: MARKET, BY PRODUCT TYPE, 2018–2021 (UNITS)
TABLE 171 SPAIN: MARKET, BY PRODUCT TYPE, 2022–2027 (UNITS)
TABLE 172 SPAIN: MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 173 SPAIN: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
11.3.9 SWITZERLAND
11.3.10 AUSTRIA
11.3.11 SWEDEN
11.4 NORTH AMERICA
11.4.1 UPCOMING HIGH-SPEED RAIL/BULLET TRAIN PROJECTS IN NORTH AMERICA
TABLE 174 MAJOR HIGH-SPEED RAIL/BULLET TRAIN PROJECTS IN NORTH AMERICA
11.4.2 UPCOMING RAPID TRANSIT PROJECTS IN NORTH AMERICA
TABLE 175 MAJOR RAPID TRANSIT PROJECTS IN NORTH AMERICA
FIGURE 54 NORTH AMERICA: ROLLING STOCK MARKET SNAPSHOT
TABLE 176 NORTH AMERICA MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 177 NORTH AMERICA MARKET, BY COUNTRY, 2022–2027 (UNITS)
TABLE 178 NORTH AMERICA MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 179 NORTH AMERICA MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.4.3 US
11.4.3.1 Shift to tier 4 emission standards coupled with demand for battery locomotive expected to drive market
TABLE 180 US: MARKET, BY PRODUCT TYPE, 2018–2021 (UNITS)
TABLE 181 US: MARKET, BY PRODUCT TYPE, 2022–2027 (UNITS)
TABLE 182 US: MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 183 US: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
11.4.4 MEXICO
11.4.4.1 Rising investments to increase freight loading capacity of Mexico expected drive demand for railway wagons
TABLE 184 MEXICO: MARKET, BY PRODUCT TYPE, 2018–2021 (UNITS)
TABLE 185 MEXICO: MARKET, BY PRODUCT TYPE, 2022–2027 (UNITS)
TABLE 186 MEXICO: MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 187 MEXICO: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
11.4.5 CANADA
11.4.5.1 Electro-diesel locomotives expected to witness high growth in Canada
TABLE 188 CANADA: MARKET, BY PRODUCT TYPE, 2018–2021 (UNITS)
TABLE 189 CANADA: MARKET, BY PRODUCT TYPE, 2022–2027 (UNITS)
TABLE 190 CANADA: MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 191 CANADA: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
11.5 MIDDLE EAST & AFRICA (MEA)
FIGURE 55 MIDDLE EAST & AFRICA: ROLLING STOCK MARKET, BY COUNTRY, 2022 VS. 2027 (USD MILLION)
11.5.1 UPCOMING METRO/MONORAIL PROJECTS IN MIDDLE EAST & AFRICA
TABLE 192 PROPOSED METRO/MONORAIL PROJECTS IN MIDDLE EAST & AFRICA
11.5.2 UPCOMING RAPID TRANSIT PROJECTS IN MIDDLE EAST & AFRICA
TABLE 193 PROPOSED RAPID TRANSIT PROJECTS IN MIDDLE EAST & AFRICA
TABLE 194 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 195 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2022–2027 (UNITS)
TABLE 196 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 197 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.5.3 SOUTH AFRICA
11.5.3.1 South African market for rolling stock expected to grow due to increased urbanization
TABLE 198 SOUTH AFRICA: MARKET, BY PRODUCT TYPE, 2018–2021 (UNITS)
TABLE 199 SOUTH AFRICA: MARKET, BY PRODUCT TYPE, 2022–2027 (UNITS)
TABLE 200 SOUTH AFRICA: MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 201 SOUTH AFRICA: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
11.5.4 UAE
11.5.4.1 Increase in tourism in UAE attracting more investment towards rapid transit projects and proliferating demand for rolling stock
TABLE 202 UAE: MARKET, BY PRODUCT TYPE, 2018–2021 (UNITS)
TABLE 203 UAE: MARKET, BY PRODUCT TYPE, 2022–2027 (UNITS)
TABLE 204 UAE: MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 205 UAE: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
11.5.5 EGYPT
11.5.5.1 Electric locomotive expected to account for largest market share in Egypt during forecast period
TABLE 206 EGYPT: MARKET, BY PRODUCT TYPE, 2018–2021 (UNITS)
TABLE 207 EGYPT: MARKET, BY PRODUCT TYPE, 2022–2027 (UNITS)
TABLE 208 EGYPT: MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 209 EGYPT: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
11.5.6 IRAN
11.6 REST OF THE WORLD (ROW)
FIGURE 56 REST OF THE WORLD: ROLLING STOCK MARKET, BY COUNTRY, 2022 VS. 2027 (USD MILLION)
11.6.1 UPCOMING METRO/MONORAIL PROJECTS IN REST OF THE WORLD
TABLE 210 MAJOR METRO/MONORAIL PROJECTS IN REST OF THE WORLD
TABLE 211 REST OF THE WORLD: MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 212 REST OF THE WORLD: MARKET, BY COUNTRY, 2022–2027 (UNITS)
TABLE 213 REST OF THE WORLD: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 214 REST OF THE WORLD: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.6.2 BRAZIL
11.6.2.1 Rise in demand for electro-diesel locomotive will drive market during forecast period
TABLE 215 BRAZIL: MARKET, BY PRODUCT TYPE, 2018–2021 (UNITS)
TABLE 216 BRAZIL: MARKET, BY PRODUCT TYPE, 2022–2027 (UNITS)
TABLE 217 BRAZIL: MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 218 BRAZIL: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
11.6.3 RUSSIA
11.6.3.1 Growth of freight transportation expected to proliferate market of wagons in Russia
TABLE 219 RUSSIA: MARKET, BY PRODUCT TYPE, 2018–2021 (UNITS)
TABLE 220 RUSSIA: MARKET, BY PRODUCT TYPE, 2022–2027 (UNITS)
TABLE 221 RUSSIA: MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)
TABLE 222 RUSSIA: MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION)
11.6.4 ARGENTINA
12 COMPETITIVE LANDSCAPE (Page No. - 236)
12.1 OVERVIEW
TABLE 223 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN ROLLING STOCK MARKET
12.2 MARKET SHARE ANALYSIS
TABLE 224 MARKET SHARE ANALYSIS, 2021
FIGURE 57 MARKET SHARE ANALYSIS, 2021
12.3 REVENUE ANALYSIS OF TOP PLAYERS
FIGURE 58 TOP PUBLIC/LISTED PLAYERS IN ROLLING STOCK MARKET DURING LAST THREE YEARS
12.4 COMPETITIVE LEADERSHIP MAPPING FOR ROLLING STOCK MARKET
12.4.1 STARS
12.4.2 PERVASIVE
12.4.3 EMERGING LEADERS
12.4.4 PARTICIPANT
FIGURE 59 ROLLING STOCK MARKET: COMPANY EVALUATION MATRIX, 2021
12.5 COMPANY EVALUATION QUADRANT
TABLE 225 COMPANY REGION FOOTPRINT
TABLE 226 COMPANY OFFERING TYPE FOOTPRINT (14 COMPANIES)
TABLE 227 COMPANY OFFERING & GEOGRAPHIC FOOTPRINT
12.6 SME EVALUATION QUADRANT
12.6.1 PROGRESSIVE COMPANIES
12.6.2 RESPONSIVE COMPANIES
12.6.3 DYNAMIC COMPANIES
12.6.4 STARTING BLOCKS
FIGURE 60 ROLLING STOCK MARKET: COMPANY EVALUATION MATRIX FOR SMES, 2021
12.7 SME EVALUATION QUADRANT
TABLE 228 SME REGION FOOTPRINT
TABLE 229 SME OFFERING TYPE FOOTPRINT (17 COMPANIES)
TABLE 230 SME OFFERING & GEOGRAPHIC FOOTPRINT
12.8 COMPETITIVE SCENARIO AND TRENDS
12.8.1 PRODUCT LAUNCHES
TABLE 231 ROLLING STOCK MARKET: PRODUCT LAUNCHES, 2018–2021
12.8.2 DEALS
TABLE 232 ROLLING STOCK MARKET: DEALS, 2018–2021
12.8.3 OTHERS
TABLE 233 ROLLING STOCK MARKET: OTHERS, 2018–2021
12.9 WINNERS VS. TAIL-ENDERS
TABLE 234 WINNERS VS. TAIL-ENDERS
13 COMPANY PROFILES (Page No. - 272)
13.1 KEY PLAYERS
(Business Overview, Products, Recent Developments, MnM View)*
13.1.1 CRRC CORPORATION LIMITED
TABLE 235 CRRC CORPORATION LIMITED: BUSINESS OVERVIEW
FIGURE 61 CRRC CORPORATION LIMITED: COMPANY SNAPSHOT
TABLE 236 CRRC CORPORATION LIMITED: PRODUCTS OFFERED
TABLE 237 CRRC CORPORATION LIMITED: NEW PRODUCT DEVELOPMENTS
TABLE 238 CRRC CORPORATION LIMITED: DEALS
13.1.2 ALSTOM SA
TABLE 239 ALSTOM SA: BUSINESS OVERVIEW
FIGURE 62 ALSTOM SA: COMPANY SNAPSHOT
TABLE 240 ALSTOM SA: PRODUCTS OFFERED
TABLE 241 ALSTOM SA: NEW PRODUCT DEVELOPMENTS
TABLE 242 ALSTOM SA: DEALS
TABLE 243 ALSTOM SA: OTHERS
13.1.3 SIEMENS AG
TABLE 244 SIEMENS AG: BUSINESS OVERVIEW
FIGURE 63 SIEMENS AG: COMPANY SNAPSHOT
TABLE 245 SIEMENS AG: PRODUCTS OFFERED
TABLE 246 SIEMENS AG: NEW PRODUCT DEVELOPMENTS
TABLE 247 SIEMENS AG: DEALS
13.1.4 KAWASAKI HEAVY INDUSTRIES, LTD.
TABLE 248 KAWASAKI HEAVY INDUSTRIES, LTD.: BUSINESS OVERVIEW
FIGURE 64 KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 249 KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED
TABLE 250 KAWASAKI HEAVY INDUSTRIES, LTD.: DEALS
13.1.5 WABTEC CORPORATION
TABLE 251 WABTEC CORPORATION: BUSINESS OVERVIEW
FIGURE 65 WABTEC CORPORATION: COMPANY SNAPSHOT
TABLE 252 WABTEC CORPORATION: PRODUCTS OFFERED
TABLE 253 WABTEC CORPORATION: NEW PRODUCT DEVELOPMENTS
TABLE 254 WABTEC CORPORATION: DEALS
TABLE 255 WABTEC CORPORATION: OTHERS
13.1.6 STADLER RAIL AG
TABLE 256 STADLER RAIL AG: BUSINESS OVERVIEW
FIGURE 66 STADLER RAIL: COMPANY SNAPSHOT
TABLE 257 STADLER RAIL AG: PRODUCTS OFFERED
TABLE 258 STADLER RAIL AG: DEALS
TABLE 259 STADLER RAIL AG: OTHERS
13.1.7 CAF GROUP
TABLE 260 CAF GROUP: BUSINESS OVERVIEW
FIGURE 67 CAF GROUP: COMPANY SNAPSHOT
TABLE 261 CAF GROUP: PRODUCTS OFFERED
TABLE 262 CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES: DEALS
13.1.8 HYUNDAI ROTEM COMPANY
TABLE 263 HYUNDAI ROTEM COMPANY: BUSINESS OVERVIEW
FIGURE 68 HYUNDAI ROTEM COMPANY : COMPANY SNAPSHOT
TABLE 264 HYUNDAI ROTEM COMPANY: PRODUCTS OFFERED
TABLE 265 HYUNDAI ROTEM COMPANY: DEALS
13.1.9 MITSUBISHI HEAVY INDUSTRIES, LTD.
TABLE 266 MITSUBISHI HEAVY INDUSTRIES, LTD.: BUSINESS OVERVIEW
FIGURE 69 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 267 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED
TABLE 268 MITSUBISHI HEAVY INDUSTRIES, LTD.: DEALS
TABLE 269 MITSUBISHI HEAVY INDUSTRIES, LTD.: OTHERS
13.1.10 TALGO
TABLE 270 TALGO: BUSINESS OVERVIEW
FIGURE 70 TALGO: COMPANY SNAPSHOT
TABLE 271 TALGO: PRODUCTS OFFERED
TABLE 272 TALGO: DEALS
13.1.11 TRANSMASHHOLDING
TABLE 273 TRANSMASHHOLDING: BUSINESS OVERVIEW
TABLE 274 TRANSMASHHOLDING: PRODUCTS OFFERED
TABLE 275 TRANSMASHHOLDING: NEW PRODUCT DEVELOPMENTS
TABLE 276 TRANSMASHHOLDING: DEALS
TABLE 277 TRANSMASHHOLDING: OTHERS
13.2 OTHER KEY PLAYERS
13.2.1 TOSHIBA
TABLE 278 TOSHIBA: BUSINESS OVERVIEW
13.2.2 HITACHI
TABLE 279 HITACHI: BUSINESS OVERVIEW
13.2.3 CHITTARANJAN LOCOMOTIVE WORKS (CLW)
TABLE 280 CHITTARANJAN LOCOMOTIVE WORKS (CLW): BUSINESS OVERVIEW
13.2.4 TECH MAHINDRA
TABLE 281 TECH MAHINDRA: BUSINESS OVERVIEW
13.2.5 NIIGATA ENGINEERING CO., LTD
TABLE 282 NIIGATA ENGINEERING CO., LTD: BUSINESS OVERVIEW
13.2.6 SCOMI GROUP BHD
TABLE 283 SCOMI GROUP BHD: BUSINESS OVERVIEW
13.2.7 WOOJIN INDUSTRIAL SYSTEMS
TABLE 284 WOOJIN INDUSTRIAL SYSTEMS: BUSINESS OVERVIEW
13.2.8 ABB
TABLE 285 ABB: BUSINESS OVERVIEW
13.2.9 STRUKTON
TABLE 286 STRUKTON: BUSINESS OVERVIEW
13.2.10 LEGIOS
TABLE 287 LEGIOS: BUSINESS OVERVIEW
13.2.11 DEUTA-WERKE GMBH
TABLE 288 DEUTA-WERKE GMBH: BUSINESS OVERVIEW
13.2.12 THALES GROUP
TABLE 289 THALES GROUP: BUSINESS OVERVIEW
13.2.13 DEUTSCHE BAHN AG
TABLE 290 DEUTSCHE BAHN AG: BUSINESS OVERVIEW
13.2.14 LAMIFIL
TABLE 291 LAMIFIL: BUSINESS OVERVIEW
13.2.15 RHOMBERG SERSA RAIL HOLDING GMBH
TABLE 292 RHOMBERG SERSA RAIL HOLDING GMBH: BUSINESS OVERVIEW
13.2.16 BALFOUR BEATTY
TABLE 293 BALFOUR BEATTY: BUSINESS OVERVIEW
13.2.17 INTAMIN BAHNTECHNIK UND BETRIEBS-MBH & CO KG
TABLE 294 INTAMIN BAHNTECHNIK UND BETRIEBS-MBH & CO KG: BUSINESS OVERVIEW
13.2.18 AMERICAN EQUIPMENT COMPANY
TABLE 295 AMERICAN EQUIPMENT COMPANY: BUSINESS OVERVIEW
13.2.19 INGETEAM CORPORACIÓN, S.A.
TABLE 296 INGETEAM CORPORACIÓN, S.A.: BUSINESS OVERVIEW
13.2.20 CALAMP
TABLE 297 CALAMP: BUSINESS OVERVIEW
13.2.21 URBANAUT MONORAIL TECHNOLOGY
TABLE 298 URBANAUT MONORAIL TECHNOLOGY: BUSINESS OVERVIEW
13.2.22 UGL
TABLE 299 UGL: BUSINESS OVERVIEW
13.2.23 RANDON
TABLE 300 RANDON: BUSINESS OVERVIEW
13.2.24 SINARA TRANSPORT MACHINES
TABLE 301 SINARA TRANSPORT MACHINES: BUSINESS OVERVIEW
13.2.25 ALUCAST IRAN
TABLE 302 ALUCAST IRAN: BUSINESS OVERVIEW
13.2.26 TRINITY INDUSTRIES, INC.
TABLE 303 TRINITY INDUSTRIES, INC.: BUSINESS OVERVIEW
13.2.27 THE GREENBRIER COMPANIES
TABLE 304 THE GREENBRIER COMPANIES: BUSINESS OVERVIEW
*Details on Business Overview, Products Recent Developments, MnM View might not be captured in case of unlisted companies.
14 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 346)
14.1 ASIA OCEANIA WILL BE MAJOR MARKET FOR ROLLING STOCKS GLOBALLY
14.2 SURGING DEMAND FOR FREIGHT TRANSPORTATION HAS DRIVEN DEMAND FOR WAGONS
14.3 INCREASED DEMAND FOR FAST AND EFFICIENT URBAN TRANSPORTATION HAS FUELED DEMAND FOR SUBWAYS/METROS
14.4 CONCLUSIONSS
15 APPENDIX (Page No. - 348)
15.1 KEY INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the rolling stock market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The bottom-up and top-down approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were used for determining the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this research study included rolling stock industry organizations, corporate filings (such as annual reports, investor presentations, and financial statements), and trade, business, whitepapers, certified publications, articles from recognized authors, directories, and databases, and articles from recognized associations and government publishing sources. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated by primary research.
Primary Research
Extensive primary research was conducted after acquiring an understanding of the rolling stock market through secondary research. Several primary interviews were conducted with market experts from both the demand (railway operators, system integrators, country-level government associations, and trade associations) and supply (OEMs and component manufacturers) sides across major regions, namely, North America, Europe, Asia Oceania, the Middle East & Africa, and the Rest of the World. 40% and 60% of primary interviews were conducted from the supply side & industry associations and dealers/distributors, respectively. The primary data was collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were considered to provide a holistic viewpoint in this report.
Brief sessions with highly experienced independent consultants were conducted to reinforce findings from primaries after interacting with industry experts. This, along with the in-house subject matter experts’ opinions, led to the findings as described in the remainder of this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The bottom-up approach was used to estimate and validate the size of the rolling stock market and various other dependent submarkets. The research methodology used to estimate the market size included the following details.
The new sales figure for diesel locomotives, electric locomotives, electro-diesel locomotives, DMUs, and EMUs are collected for each country through various country-level associations and data published by the International Union of Railways (UIC). The sales figure for each key player is identified by analyzing their annual reports, investor presentations, articles, journals, and industry white papers. The key players in this market were identified through secondary research, and their market shares in respective regions were determined through primary and secondary research. The procedure included the study of the annual and financial reports of the top market players and extensive interviews with industry leaders such as Chief Executive Officers (CEOs), vice presidents, directors, and marketing executives of the leading companies. All percentage shares and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
The top-down methodology was followed to estimate the size of the rolling stock market by application. The segmental split of the application segment was derived by identifying the break-up of passenger transportation and freight transportation for locomotives in different regions. This gives the regional market size, by application, in terms of volume and value. Extensive secondary and primary research have been carried out to understand the global market for the applications of rolling stock. Several primary interviews were conducted with key opinion leaders involved in the development of the market, including Original Equipment Manufacturers (OEMs) and tier 1 companies. Various qualitative aspects such as drivers, restraints, opportunities, and challenges influencing the growth of the market were taken into consideration while calculating and forecasting the size of the market.
Data Triangulation
After arriving at the overall market size of the global market through the above-mentioned methodology, this market was split into several segments and subsegments. The data triangulation and market breakdown procedure were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact market value data for the key segments and subsegments. The extrapolated market data was triangulated by studying various macro indicators and regional trends from both the demand- and supply-side participants.
Report Objectives
- To define, describe, and forecast the size of the rolling stock market with respect to growth trends and prospects and determine the contribution of the segments to the total market
- To analyze and forecast the size of the market in terms of volume (units) and value (USD million)
- To segment the market and forecast its size, by volume and value, based on region (Asia Oceania, Europe, North America, the Middle East & Africa (MEA), and the Rest of the World (RoW)
- To segment and forecast the market size, by volume and value, based on product type (locomotives, rapid transit, wagons, coaches, and others)
- To segment and forecast the market size, by volume and value, based on locomotive technology (conventional locomotives, turbocharged locomotives), and qualitative insights on Maglev)
- To segment and forecast the market size, by volume and value, based on application (passenger transportation and freight transportation)
- To provide qualitative insights on the market based on component (pantographs, axles, wheelsets, traction motors, passenger information systems, air conditioning systems, auxiliary power systems, train control systems, brakes, and gearboxes)
- To provide detailed information regarding the major factors influencing the market growth (drivers, challenges, restraints, and opportunities)
- To strategically analyze markets with respect to individual growth trends, prospects, and contribution to the total market
- To analyze opportunities for stakeholders and the competitive landscape for market leaders
- To strategically profile key players and comprehensively analyze their respective market share and core competencies
- To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants
Available Customizations
With the given market data, MarketsandMarkets offers customizations in accordance to the company’s specific needs.
- Rolling stock market, by technology, at country level
- Rolling stock market, by product type, at country level
- Profiling of additional market players (Up to 5)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Rolling Stock Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Rolling Stock Market
what is the market size for rolling stock market and also want to more details about forecast year 2022 to 2027.