Rolling Stock Market
Rolling Stock Market by Component, Product Type (Locomotive, Rapid Transit, Coach), Locomotive Technology (Conventional, Turbocharged, Maglev), Application (Passenger Transportation, Freight Transportation) and Region - Global Forecast to 2032
USD 41.79 BN
MARKET SIZE, 2032
CAGR 4.4%
(2025-2032)
400
REPORT PAGES
300
MARKET TABLES
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The rolling stock market is projected to grow from USD 30.94 billion in 2025 to USD 41.79 billion by 2032 at a CAGR of 4.4%. Electro-diesel and full electrification are gaining traction as rail operators and governments seek to balance climate commitments, rising fuel costs, and service reliability. High-speed rail projects and urban transit expansion are increasingly being designed with electrified traction as the baseline, given its efficiency and sustainability advantages. Operators are phasing out diesel fleets not only due to emissions and air quality concerns but also due to lower lifetime operating costs. Rather than a one-size-fits-all approach, the market is moving toward a multi-technology model, overhead electrification for high-density mainlines, hybrid or battery-electric solutions for regional routes, and hydrogen fuel-cell trains for non-electrified corridors. This shift marks a clear transition toward greener, more resilient rolling stock strategies that align with long-term transport modernization goals.
KEY TAKEAWAYS
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BY PRODUCT TYPEThe rolling stock market by product type is segmented into locomotives, rapid transit, coaches, wagons, and others, with the rapid transit segment accounting for a dominant share due to rising urbanization and growing demand for metro and light rail systems worldwide.
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BY COMPONENTRising demand for reliable, electrified rolling stock and digital maintenance solutions is boosting traction motors, pantographs, and train control systems. At the same time, aftermarket and refurbishment services create steady revenue for component suppliers.
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BY LOCOMOTIVE TECHNOLOGYAdvances in materials have made turbochargers more durable and efficient for locomotives. Conventional locomotives remain popular for their reliability, cost-effectiveness, and ability to operate in areas with limited infrastructure.
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BY APPLICATIONEconomic growth, urbanization, and industrial activities drive the demand for freight wagons. Commuter patterns, tourism, and urban planning influence the demand for passenger coaches, which is further boosted by modern technologies such as Wi-Fi connectivity and real-time passenger information systems.
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BY REGIONNorth America is projected to witness the fastest growth rate attributed to significant investments in fleet modernization, expansion of urban transit systems, and a strong focus on electrification and advanced rolling stock technologies. Additionally, supportive government policies and funding for sustainable transportation further accelerate market growth in the region.
The decarbonization of non-electrified rail corridors is driving the adoption of alternative traction technologies. Battery-electric trains are deployed on short-to-medium-distance routes where charging through electrified sections or fast-charge points is viable. Hydrogen fuel-cell trains offer a cost-effective solution for longer or low-traffic lines with impractical overhead wires, provided a green hydrogen supply is available. Meanwhile, hybrid diesel-battery systems and biofuels act as transitional options, enabling operators to cut emissions while moving toward fully sustainable rail operations.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
Trends and disruptions in the rolling stock market reveal current and future trends. As the market shifts from conventional diesel locomotives to electrified, battery, and hydrogen-powered trains, new revenue pockets are emerging in alternative fuel technologies, advanced traction systems, and charging/refueling infrastructure. Growth in digital solutions, including predictive maintenance, real-time monitoring, and passenger information systems, also opens recurring service and aftermarket opportunities.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
Drivers
Impact
Level
Level
-
Expansion of railroad network and freight corridors
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Energy-efficient and sustainable transportation shift
RESTRAINTS
Impact
Level
Level
-
High capital intensity and investment barriers
-
Optimization of the existing fleet through refurbishment
OPPORTUNITIES
Impact
Level
Level
-
Adoption of hydrogen fuel cell locomotives
-
Rising rail demand from industrial and mining expansion
CHALLENGES
Impact
Level
Level
-
Rising overhaul and maintenance cost burden
-
Intensive R&D investment requirements
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Driver: Expansion of railroad network and freight corridors
Rising global trade and economic activity boost demand for efficient rail transport, especially for bulk and long-distance goods. Investments in freight corridors, electrification, and advanced technologies have increased rail capacity and efficiency. The surge in global trade and infrastructure investments in countries such as China and India drives record freight volumes and enhances rail transport efficiency worldwide.
Restraint: Optimization of the existing fleet through refurbishment
The rolling stock refurbishment market is growing as operators seek to increase capacity, improve efficiency, and modernize vehicles. For instance, Indian Railways modernized ICF coaches with improved interiors, bio-toilets, and safety features. Rising refurbishment programs may limit demand for new rolling stock by extending the life of existing fleets.
Opportunity: Adoption of hydrogen fuel cell locomotives
The rolling stock industry is adopting hydrogen fuel cell locomotives as a zero-emission and cost-efficient solution for non-electrified routes. Pilot projects in Europe have proven their feasibility, and major manufacturers such as CRRC, Alstom, Siemens, and Hyundai Rotem are driving development, positioning hydrogen as a key alternative to diesel alongside battery-electric and hybrid systems.
Challenge: Rising overhaul and maintenance cost burden
Rolling stock requires periodic and costly maintenance to ensure reliability, including depots and component upkeep. High-speed trainsets can cost up to USD 1 million annually for maintenance, with major overhauls needed at mid-life. These recurring costs may constrain rolling stock market growth.
rolling stock market: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
 |
Operates freight trains to efficiently transport automotive parts and manufactured goods across multiple European countries | Reduces road congestion, lowers overall transport costs, and ensures the timely delivery of goods across long distances |
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Uses heavy-duty freight wagons to move large volumes of iron ore from remote mines to coastal ports for export | Enables high-volume bulk transport efficiently, reduces reliance on road transport, and supports large-scale mining operations |
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Operates electric multiple units (EMUs) to transport millions of daily commuters across the metropolitan area reliably | Provides fast, energy-efficient, and reliable urban mobility while reducing traffic congestion and emissions |
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Uses rail freight to transport large volumes of consumer goods from central warehouses to regional distribution hubs | Accelerates delivery times, reduces carbon emissions compared to road transport, and optimizes long-distance logistics |
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Transports chemicals and petrochemical products in specialized tank wagons safely across Europe | Facilitates bulk movement while minimizing handling risks, ensuring safety, and maintaining product quality during transit |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
The rolling stock market ecosystem includes raw material and component suppliers, rolling stock manufacturers, technology providers, infrastructure providers, regulatory & policy makers, maintenance & service providers, and rail operators. Some of the major rolling stock manufacturers include CRRC Corporation Limited (China), Siemens AG (Germany), Alstom SA (France), Stadler Rail AG (Switzerland), and Wabtec Corporation (US).
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Rolling Stock Market, By Product Type
The locomotives segment is expected to lead the market due to its key role in freight and passenger transport. Rising industrial growth and international trade are driving demand for powerful, efficient locomotives. The shift toward electrification and energy-efficient models further strengthens locomotives in the market.
Rolling Stock Market, By Component
The rolling stock market relies on key components such as traction motors, pantographs, brakes, couplers, and train control systems, each ensuring efficient operation and safety. Advanced technologies in high-speed trains enhance performance, while ongoing maintenance and part replacement drive continuous demand.
Rolling Stock Market, By Locomotive Technology
Conventional locomotives dominate the market due to their reliability and compatibility with existing rail infrastructure. Electro-diesel models, such as Siemens’ Vectron Dual Mode, can operate on both electrified and non-electrified tracks, supporting sustainability goals with HVO fuel. Electric locomotives are increasingly adopted amid global electrification efforts.
Rolling Stock Market, By Application
Freight transportation application to lead the rolling stock market. The growing demand for transporting industrial and commercial goods is driving the market for freight, as rail transport provides a more efficient and cost-effective solution, leading many countries to promote its use actively.
REGION
North America is projected to grow at the fastest rate in the global rolling stock market during the forecast period.
North America is expected to witness the fastest growth in the rolling stock market, driven by the modernization of aging fleets, the adoption of advanced technologies, and infrastructure investments aimed at improving efficiency, safety, and passenger comfort. The rise of electrification and hybrid systems, along with expanding urban transit and freight networks, is further boosting demand, supported by regulatory initiatives and federal funding, such as Canadian Pacific Kansas City’s USD 100 million Patrick J. Ottensmeyer International Rail Bridge, which enhances cross-border cargo mobility.
rolling stock market: COMPANY EVALUATION MATRIX
In the rolling stock market matrix, CRRC Corporation Limited (Star) leads with a strong global presence and comprehensive rolling stock offerings, driving market expansion and revenue growth through strategic partnerships and supply contracts. MITSUBISHI HEAVY INDUSTRIES, LTD. (Emerging Leader) is gaining traction with advanced propulsion technologies and customized rolling stock solutions. The company shows strong growth potential to advance toward the leaders' quadrant.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size in 2025 (Value) | USD 30.94 Billion |
| Market Forecast in 2032 (Value) | USD 41.79 Billion |
| Growth Rate | CAGR of 4.4% from 2025 to 2032 |
| Years Considered | 2021–2032 |
| Base Year | 2024 |
| Forecast Period | 2025–2032 |
| Units Considered | Volume (Units) and Value (USD MN/BN) |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered |
|
| Regional Scope | Asia Oceania, Europe, North America, Middle East & Africa, and the Rest of the World |
WHAT IS IN IT FOR YOU: rolling stock market REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
|---|---|---|
| Global Rolling Stock OEM (Europe) | Competitive benchmarking of CRRC, Alstom, Siemens Mobility Product roadmap tracking for electric & hydrogen rolling stock | Identify technology white spaces in zero-emission propulsion Support R&D prioritization and investment strategy |
| Rail Operator (Asia Pacific) | Fleet modernization analysis for passenger coaches and EMUs Lifecycle cost analysis of refurbished vs. new rolling stock | Optimize capital expenditure decisions Extend service life and improve ROI |
| Tier-1 Component Supplier (North America) | Partnership mapping with leading OEMs Technology adoption study in braking, traction, and digital control systems | Expand client base via targeted partnerships Align product portfolio with next-gen rolling stock trends |
| Technology Provider (Global) | Assessment of digitalization trends (IoT, predictive maintenance, CBTC) Competitive positioning of major telematics and connectivity players | Identify growth opportunities in smart train solutions Build recurring revenue models through digital offerings |
RECENT DEVELOPMENTS
- September 2025 : CRRC Corporation Limited (China) developed new-generation intercity EMUs for service in Malaysia. Each train can carry 312 passengers, including 36 in business class, and features modern interiors with bistro areas. The EMUs are designed to handle curves with a radius of 100 m, equipped with an intelligent driver assistance system, and comply with current impact resistance and fire safety standards. They also include 640 A⋅h batteries that allow emergency operation for up to two hours.
- August 2025 : Alstom SA (France) unveiled the design of the Traxx Universal electric locomotive developed for the Romanian Railway Reform Authority (ARF). The contract covers 16 locomotives and 20 years of maintenance and repair services. These four-axle electric locomotives can reach a maximum speed of 200 km/h and can haul up to 16 passenger cars.
- June 2025 : Stadler and Federal Railways (ÖBB) unveiled the KISS double-deck train in Vienna. The 14 ordered trains will gradually enter service on the Vienna Salzburg route from the end of 2026, reaching speeds of up to 200 km/h. They provide about 20% more seating and offer improved comfort and accessibility.
- June 2025 : Cargounit ordered 22 new Vectron MS locomotives from Siemens Mobility. The order includes 12 locomotives under an existing framework agreement and 10 additional units co-financed through Poland’s National Recovery and Resilience Plan (KPO), managed by the Centre for EU Transport Projects. Deliveries are scheduled between 2025 and 2026.
- March 2025 : Wabtec Corporation (US) has signed an agreement with Vale (Brazil) to supply 50 new Evolution Series locomotives for the Vitória a Minas Railroad (EFVM) and Carajás Railroad (EFC). The locomotives will be manufactured at Wabtec’s plant in Contagem, Brazil, and deliveries will begin in 2026.
Table of Contents
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TITLE
PAGE NO
1
INTRODUCTION
29
2
RESEARCH METHODOLOGY
37
3
EXECUTIVE SUMMARY
51
4
PREMIUM INSIGHTS
54
5
MARKET OVERVIEW
Rail market thrives on sustainability, tech advancements, and surging industrial demand despite investment challenges.
57
5.1
INTRODUCTION
5.2
MARKET DYNAMICS
5.2.1
DRIVERS
5.2.1.1
TRAFFIC DECONGESTION AND NETWORK OPTIMIZATION
5.2.1.2
SHIFT TOWARD ENERGY-EFFICIENT AND SUSTAINABLE TRANSPORTATION
5.2.1.3
DEVELOPMENT OF ADVANCED ROLLING STOCK TECHNOLOGIES TO ENHANCE PASSENGER COMFORT
5.2.1.4
ADVANCEMENTS IN RAIL NETWORK ELECTRIFICATION
5.2.1.5
EXPANSION OF FREIGHT TRANSPORT CAPACITY
5.2.2
RESTRAINTS
5.2.2.1
OPTIMIZATION OF EXISTING FLEET THROUGH REFURBISHMENT
5.2.2.2
HIGH CAPITAL INTENSITY AND INVESTMENT BARRIERS
5.2.3
OPPORTUNITIES
5.2.3.1
LEVERAGING BIG DATA AND SMART ANALYTICS IN RAIL INFRASTRUCTURE
5.2.3.2
RISING RAIL DEMAND FROM INDUSTRIAL AND MINING SECTORS
5.2.3.3
ADOPTION OF HYDROGEN FUEL CELL LOCOMOTIVES
5.2.3.4
GROWING MARKET FOR BATTERY-OPERATED TRAINS
5.2.4
CHALLENGES
5.2.4.1
RISING OVERHAUL AND MAINTENANCE COST BURDEN
5.2.4.2
INTENSIVE R&D INVESTMENT REQUIREMENTS
6
INDUSTRY TRENDS
Emerging tech and pricing shifts redefine rail industry, spotlighting eco-friendly and digital innovations.
68
6.1
TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.2
PRICING ANALYSIS
6.2.1
INDICATIVE PRICING OF ROLLING STOCK OFFERED BY KEY PLAYERS
6.2.2
AVERAGE SELLING PRICE TREND, BY PRODUCT TYPE
6.2.3
AVERAGE SELLING PRICE TREND, BY REGION
6.3
ECOSYSTEM ANALYSIS
6.4
SUPPLY CHAIN ANALYSIS
6.4.1
RAW MATERIAL PROVIDERS AND COMPONENT SUPPLIERS
6.4.2
OEMS
6.4.3
OPERATORS AND END USERS
6.5
CASE STUDY ANALYSIS
6.5.1
MODERNIZATION OF ROLLING STOCK WITH STADLER RAIL’S FLIRT EMUS
6.5.2
CRRC SETS BENCHMARK FOR EXCAVATION OF BIG ANALOG DATA VALUE
6.5.3
GOLINC-M MODULES ENABLE RETROFITTING OF REMOTE CONDITION MONITORING
6.5.4
MONORAIL SYSTEMS REDUCE TRAFFIC CONGESTION IN KOREAN METROPOLIS
6.5.5
HYDROGEN TRAIN PROJECT HELPS SCOTTISH GOVERNMENT ACHIEVE NET ZERO TARGETS
6.5.6
FREIGHTLINER SHIFTS TOWARD NET ZERO WITH LOW-CARBON FUEL
6.6
PATENT ANALYSIS
6.7
TECHNOLOGY ANALYSIS
6.7.1
KEY TECHNOLOGIES
6.7.1.1
REGENERATIVE BRAKING
6.7.1.2
AUTONOMOUS TRAINS
6.7.1.3
TRI-MODE TRAINS
6.7.1.4
TILTING TRAINS
6.7.1.5
DIGITALIZATION
6.7.1.6
INTERNET OF TRAINS
6.7.2
COMPLEMENTARY TECHNOLOGIES
6.7.2.1
TRAIN CONTROL AND MANAGEMENT SYSTEMS
6.7.2.2
COLLISION AVOIDANCE SYSTEMS
6.7.2.3
INTELLIGENT RAIL TRANSIT
6.7.3
ADJACENT TECHNOLOGIES
6.7.3.1
BIG DATA ANALYTICS
6.7.3.2
RAIL TRAFFIC MANAGEMENT SYSTEMS
6.7.3.3
RENEWABLE ENERGY SYSTEMS
6.8
INVESTMENT AND FUNDING SCENARIO
6.9
FUNDING, BY APPLICATION
6.10
IMPACT OF AI/GEN AI
6.11
TRADE ANALYSIS
6.12
TARIFF AND REGULATORY LANDSCAPE
6.12.1
TARIFF ANALYSIS
6.12.1.1
US
6.12.1.2
EUROPE
6.12.1.3
INDIA
6.12.1.4
SOUTH KOREA
6.12.1.5
CHINA
6.12.2
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.13
KEY CONFERENCES AND EVENTS
6.14
KEY STAKEHOLDERS AND BUYING CRITERIA
6.14.1
KEY STAKEHOLDERS IN BUYING PROCESS
6.14.2
BUYING CRITERIA
6.15
STRATEGIC PATHWAYS FOR ALTERNATIVE PROPULSION SYSTEMS
6.15.1
TECHNOLOGY READINESS
6.15.1.1
HYDROGEN FUEL CELLS
6.15.1.2
BATTERY-ELECTRIC
6.15.1.3
HYBRID/ALTERNATIVE ENGINES
6.15.1.4
EMERGING OPTIONS
6.15.2
POLICY AND INCENTIVE ALIGNMENT
6.15.2.1
GOVERNMENT STRATEGIES AND TARGETS
6.15.2.2
FUNDING AND GRANTS
6.15.2.3
REGULATIONS AND MANDATES
6.15.2.4
REGIONAL INITIATIVES
6.15.3
SUPPLY CHAIN AND INFRASTRUCTURE
6.15.3.1
MANUFACTURING ECOSYSTEMS
6.15.3.2
FUELING AND CHARGING INFRASTRUCTURE
6.15.3.3
SUPPLIER NETWORKS
6.16
RAILWAY INFRASTRUCTURE MODERNIZATION STRATEGY
6.16.1
DIGITALIZATION AND IOT INTEGRATION
6.16.1.1
DB/DIGITAL TRAIN CONTROL
6.16.1.2
ONBOARD DIAGNOSTICS AND TELEMATICS
6.16.2
ENERGY EFFICIENCY UPGRADES
6.16.3
CYBERSECURITY AND DATA STRATEGIES
6.16.4
EU CYBERSECURITY REGULATIONS
6.16.5
US CYBERSECURITY DIRECTIVES
6.16.6
DATA-CENTRIC INITIATIVES
6.17
IMPLEMENTATION FRAMEWORK FOR AUTONOMOUS TRAIN TECHNOLOGY
6.17.1
SAFETY AND REGULATORY COMPLIANCE
6.17.2
OPERATIONAL TRANSFORMATION STRATEGY
7
ROLLING STOCK MARKET, BY PRODUCT TYPE
Market Size & Growth Rate Forecast Analysis to 2032 in USD Million and Units | 49 Data Tables
118
7.1
INTRODUCTION
7.2
LOCOMOTIVES
7.2.1
DIESEL LOCOMOTIVES
7.2.1.1
ELECTRIFICATION OF RAILWAY NETWORKS IN EUROPE AND ASIA TO IMPEDE MARKET
7.2.2
ELECTRIC LOCOMOTIVES
7.2.2.1
RAPID ELECTRIFICATION OF RAIL NETWORKS TO DRIVE MARKET
7.2.3
ELECTRO-DIESEL LOCOMOTIVES
7.2.3.1
PUBLIC AND PRIVATE SECTORS’ EMPHASIS ON SUSTAINABLE PRACTICES TO DRIVE MARKET
7.3
RAPID TRANSIT
7.3.1
DIESEL MULTIPLE UNITS
7.3.1.1
ELECTRIFICATION CONSTRAINTS IN SELECT REGIONS TO DRIVE MARKET
7.3.2
ELECTRIC MULTIPLE UNITS
7.3.2.1
PERFORMANCE AND EFFICIENCY ADVANTAGES OVER DIESEL FUELING TO DRIVE MARKET
7.3.3
LIGHT RAILS/TRAMS
7.3.3.1
PUSH FOR ALTERNATIVES TO TRADITIONAL BUSES AND CARS TO DRIVE MARKET
7.3.4
SUBWAYS/METROS
7.3.4.1
INVESTMENTS IN URBAN TRANSPORTATION NETWORKS TO DRIVE MARKET
7.3.5
MONORAILS
7.4
COACHES
7.4.1
DEMAND FOR ENHANCED RAIL TRAVEL EXPERIENCES TO DRIVE MARKET
7.5
WAGONS
7.5.1
NEED FOR HIGH-CAPACITY FREIGHT IN LOGISTICS AND MANUFACTURING TO DRIVE MARKET
7.6
OTHER PRODUCT TYPES
7.7
PRIMARY INSIGHTS
8
ROLLING STOCK MARKET, BY LOCOMOTIVE TECHNOLOGY
Market Size & Growth Rate Forecast Analysis to 2032 in USD Million and Units | 14 Data Tables
144
8.1
INTRODUCTION
8.2
CONVENTIONAL LOCOMOTIVES
8.2.1
IMPROVED PERFORMANCE WITH TECHNOLOGICAL INNOVATIONS TO DRIVE MARKET
8.3
TURBOCHARGED LOCOMOTIVES
8.3.1
COMPLIANCE WITH STRICT EMISSION REGULATIONS TO DRIVE MARKET
8.4
MAGLEV
8.4.1
ELECTROMAGNETIC SUSPENSION
8.4.2
ELECTRODYNAMIC SUSPENSION
8.4.3
INDUCTRACK
8.5
PRIMARY INSIGHTS
9
ROLLING STOCK MARKET, BY APPLICATION
Market Size & Growth Rate Forecast Analysis to 2032 in USD Million and Units | 29 Data Tables
154
9.1
INTRODUCTION
9.2
PASSENGER TRANSPORTATION
9.2.1
LOCOMOTIVES
9.2.1.1
RISING ADOPTION OF ELECTRIC RAIL SYSTEMS TO DRIVE MARKET
9.2.2
COACHES
9.2.2.1
INTEGRATION OF ENHANCED SAFETY SYSTEMS TO DRIVE MARKET
9.3
FREIGHT TRANSPORTATION
9.3.1
LOCOMOTIVES
9.3.1.1
EFFORTS TO LOWER OPERATIONAL EXPENSES TO DRIVE MARKET
9.3.2
WAGONS
9.3.2.1
GROWING APPLICATION IN FREIGHT AND LOGISTICS TO DRIVE MARKET
9.4
PRIMARY INSIGHTS
10
ROLLING STOCK MARKET, BY COMPONENT
Market Size & Growth Rate Forecast Analysis
168
10.1
INTRODUCTION
10.2
TRAIN CONTROL SYSTEMS
10.3
PANTOGRAPHS
10.4
AXLES
10.5
WHEELSETS
10.6
TRACTION MOTORS
10.7
PASSENGER INFORMATION SYSTEMS
10.8
BRAKES
10.9
AIR CONDITIONING SYSTEMS
10.10
AUXILIARY POWER SYSTEMS
10.11
GEARBOXES
10.12
BAFFLE GEARS
10.13
COUPLERS
11
ROLLING STOCK MARKET, BY REGION
Comprehensive coverage of 7 Regions with country-level deep-dive of 21 Countries | 103 Data Tables.
173
11.1
INTRODUCTION
11.2
ASIA OCEANIA
11.2.1
MACROECONOMIC OUTLOOK
11.2.2
RAPID TRANSIT PROJECTS
11.2.3
LIGHT RAIL PROJECTS
11.2.4
HIGH-SPEED RAIL/BULLET TRAIN PROJECTS
11.2.5
CHINA
11.2.5.1
EXPANSION OF HIGH-SPEED RAIL INFRASTRUCTURE TO DRIVE MARKET
11.2.6
INDIA
11.2.6.1
GROWTH OF ELECTRIFIED RAIL INFRASTRUCTURE TO DRIVE MARKET
11.2.7
JAPAN
11.2.7.1
STRONG PRESENCE OF RAIL SERVICE PROVIDERS TO DRIVE MARKET
11.2.8
SOUTH KOREA
11.2.8.1
GOVERNMENT INITIATIVES SUPPORTING PUBLIC TRANSPORTATION TO DRIVE MARKET
11.2.9
AUSTRALIA
11.2.10
MALAYSIA
11.3
EUROPE
11.3.1
MACROECONOMIC OUTLOOK
11.3.2
METRO/HIGH-SPEED RAILWAY PROJECTS
11.3.3
RAPID TRANSIT PROJECTS
11.3.4
GERMANY
11.3.4.1
RISING INVESTMENTS IN RAILWAY INFRASTRUCTURE MODERNIZATION TO DRIVE MARKET
11.3.5
FRANCE
11.3.5.1
GOVERNMENT SUBSIDIES AND INCENTIVES FOR SUSTAINABLE TRANSPORTATION TO DRIVE MARKET
11.3.6
UK
11.3.6.1
ONGOING UPGRADES OF DOMESTIC RAIL NETWORKS TO DRIVE MARKET
11.3.7
ITALY
11.3.7.1
EXPANDING RAILWAY NETWORKS TO DRIVE MARKET
11.3.8
SPAIN
11.3.8.1
MODERNIZATION OF MASS RAPID TRANSIT TO DRIVE MARKET
11.3.9
SWITZERLAND
11.3.10
AUSTRIA
11.3.11
SWEDEN
11.4
NORTH AMERICA
11.4.1
MACROECONOMIC OUTLOOK
11.4.2
HIGH-SPEED RAIL/BULLET TRAIN PROJECTS
11.4.3
RAPID TRANSIT PROJECTS
11.4.4
US
11.4.4.1
MODERNIZATION OF EXISTING TRANSPORTATION MODALITIES TO DRIVE MARKET
11.4.5
MEXICO
11.4.5.1
RAIL NETWORK EXPANSION AND MODERNIZATION TO DRIVE MARKET
11.4.6
CANADA
11.4.6.1
ELEVATED DEMAND FOR PASSENGER AND FREIGHT TRANSPORTATION TO DRIVE MARKET
11.5
MIDDLE EAST & AFRICA
11.5.1
MACROECONOMIC OUTLOOK
11.5.2
METRO/MONORAIL PROJECTS
11.5.3
RAPID TRANSIT PROJECTS
11.5.4
SOUTH AFRICA
11.5.4.1
GOVERNMENT INVESTMENTS IN RAILWAY SECTOR TO DRIVE MARKET
11.5.5
UAE
11.5.5.1
ADVANCES IN RAIL INFRASTRUCTURE TO DRIVE MARKET
11.5.6
EGYPT
11.5.6.1
BOOMING TOURISM INDUSTRY TO DRIVE MARKET
11.5.7
IRAN
11.6
REST OF THE WORLD
11.6.1
MACROECONOMIC OUTLOOK
11.6.2
METRO/MONORAIL PROJECTS
11.6.3
BRAZIL
11.6.3.1
GROWING RAIL INVESTMENTS AND MODERNIZATION TO DRIVE MARKET
11.6.4
RUSSIA
11.6.4.1
EXPANSION OF METRO AND SUBWAY NETWORKS TO DRIVE MARKET
11.6.5
ARGENTINA
12
COMPETITIVE LANDSCAPE
Discover market dominance shifts and strategic maneuvers shaping future competitive advantage.
248
12.1
INTRODUCTION
12.2
KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025
12.3
MARKET SHARE ANALYSIS, 2024
12.4
REVENUE ANALYSIS, 2020–2024
12.5
COMPANY VALUATION AND FINANCIAL METRICS
12.6
BRAND/PRODUCT COMPARISON
12.7
COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
12.7.1
STARS
12.7.2
EMERGING LEADERS
12.7.3
PERVASIVE PLAYERS
12.7.4
PARTICIPANTS
12.7.5
COMPANY FOOTPRINT
12.7.5.1
COMPANY FOOTPRINT
12.7.5.2
REGION FOOTPRINT
12.7.5.3
APPLICATION FOOTPRINT
12.7.5.4
PRODUCT TYPE FOOTPRINT
12.7.5.5
LOCOMOTIVE TECHNOLOGY FOOTPRINT
12.8
COMPANY EVALUATION MATRIX: START-UPS/SMES, 2024
12.8.1
PROGRESSIVE COMPANIES
12.8.2
RESPONSIVE COMPANIES
12.8.3
DYNAMIC COMPANIES
12.8.4
STARTING BLOCKS
12.8.5
COMPETITIVE BENCHMARKING
12.8.5.1
LIST OF START-UPS/SMES
12.8.5.2
COMPETITIVE BENCHMARKING OF START-UPS/SMES
12.9
COMPETITIVE SCENARIO
12.9.1
PRODUCT LAUNCHES/DEVELOPMENTS
12.9.2
DEALS
12.9.3
EXPANSIONS
12.9.4
CONTRACTS
13
COMPANY PROFILES
In-depth Company Profiles of Leading Market Players with detailed Business Overview, Product and Service Portfolio, Recent Developments, and Unique Analyst Perspective (MnM View)
271
13.1
KEY PLAYERS
13.1.1
CRRC CORPORATION LIMITED
13.1.1.1
BUSINESS OVERVIEW
13.1.1.2
PRODUCTS OFFERED
13.1.1.3
RECENT DEVELOPMENTS
13.1.1.4
MNM VIEW
13.1.2
SIEMENS AG
13.1.3
ALSTOM SA
13.1.4
STADLER RAIL AG
13.1.5
WABTEC CORPORATION
13.1.6
KAWASAKI HEAVY INDUSTRIES, LTD.
13.1.7
CAF GROUP
13.1.8
HYUNDAI ROTEM COMPANY
13.1.9
MITSUBISHI HEAVY INDUSTRIES, LTD.
13.1.10
TALGO
13.1.11
TRANSMASHHOLDING
13.1.12
TITAGARH RAIL SYSTEMS LIMITED
13.2
OTHER PLAYERS
13.2.1
TOSHIBA CORPORATION
13.2.2
HITACHI RAIL LIMITED
13.2.3
STRUKTON
13.2.4
DEUTSCHE BAHN AG
13.2.5
BEML LIMITED
13.2.6
RAIL VIKAS NIGAM LIMITED
13.2.7
BRAITHWAITE & CO. (INDIA) LTD.
13.2.8
CHITTARANJAN LOCOMOTIVE WORKS
13.2.9
WJIS
13.2.10
RHOMBERG SERSA RAIL HOLDING GMBH
13.2.11
SINARA TRANSPORT MACHINES
13.2.12
TRINITY INDUSTRIES, INC.
13.2.13
THE GREENBRIER COMPANIES
13.2.14
DAWONSYS CO., LTD.
14
RECOMMENDATIONS BY MARKETSANDMARKETS
377
14.1
ASIA OCEANIA TO BE LEADING MARKET FOR ROLLING STOCK
14.2
ELEVATED DEMAND FOR WAGONS DUE TO RISE IN FREIGHT TRANSPORTATION
14.3
NEED FOR FAST URBAN TRANSPORTATION TO BOOST MARKET FOR SUBWAYS/METROS
14.4
CONCLUSION
15
APPENDIX
379
15.1
KEY INDUSTRY INSIGHTS
15.2
DISCUSSION GUIDE
15.3
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4
CUSTOMIZATION OPTIONS
15.4.1
ADDITIONAL COMPANY PROFILES (UP TO FIVE)
15.4.2
ROLLING STOCK MARKET, BY TECHNOLOGY, AT COUNTRY LEVEL (FOR COUNTRIES COVERED IN REPORT)
15.4.3
ROLLING STOCK MARKET, BY PRODUCT TYPE, AT COUNTRY LEVEL (FOR COUNTRIES COVERED IN REPORT)
15.5
RELATED REPORTS
15.6
AUTHOR DETAILS
LIST OF TABLES
TABLE 1
MARKET DEFINITION, BY PRODUCT TYPE
TABLE 2
MARKET DEFINITION, BY LOCOMOTIVE TECHNOLOGY
TABLE 3
MARKET DEFINITION, BY APPLICATION
TABLE 4
CURRENCY EXCHANGE RATES
TABLE 5
MOST CONGESTED CITIES, 2024
TABLE 6
ROLLING STOCK MODERNIZATION INTERVALS, BY COMPONENT
TABLE 7
MINING PRODUCTION, BY COUNTRY, 2024
TABLE 8
IMPACT OF MARKET DYNAMICS
TABLE 9
INDICATIVE PRICING OF ROLLING STOCK OFFERED BY KEY PLAYERS, 2024 (USD THOUSAND)
TABLE 10
AVERAGE SELLING PRICE TREND, BY PRODUCT TYPE, 2022–2024 (USD THOUSAND)
TABLE 11
AVERAGE SELLING PRICE TREND, BY REGION, 2022–2024 (USD THOUSAND)
TABLE 12
ROLE OF COMPANIES IN ECOSYSTEM
TABLE 13
PATENT ANALYSIS
TABLE 14
AUTONOMOUS TRAIN TECHNOLOGIES AND ASSOCIATED BENEFITS
TABLE 15
LEVEL OF AUTONOMY FOR ROLLING STOCK
TABLE 16
LIST OF FUNDING, 2023–2024
TABLE 17
FUNDING, BY APPLICATION
TABLE 18
IMPORT DATA FOR HS CODE 8604-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 19
EXPORT DATA FOR HS CODE 8604-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 20
IMPORT DATA FOR HS CODE 8603-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 21
EXPORT DATA FOR HS CODE 8603-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 22
RAIL TRACTION ENGINE (STAGE III A) STANDARDS
TABLE 23
RAIL TRACTION ENGINE (STAGE III B) STANDARDS
TABLE 24
STANDARDS FOR DESIGN OF EQUIPMENT, SYSTEMS, AND SUBSYSTEMS
TABLE 25
NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 26
EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 27
ASIA OCEANIA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 28
REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 29
KEY CONFERENCES AND EVENTS, 2025–2026
TABLE 30
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE PRODUCT TYPES (%)
TABLE 31
KEY BUYING CRITERIA FOR TOP THREE PRODUCT TYPES
TABLE 32
GLOBAL DEMONSTRATION AND DEPLOYMENT OF CLEAN RAIL TECHNOLOGIES
TABLE 33
IMPLEMENTATION OF AUTONOMOUS TRAIN PROJECTS BY AUTOMATION LEVEL (GOA)
TABLE 34
ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)
TABLE 35
ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)
TABLE 36
ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION)
TABLE 37
ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
TABLE 38
ROLLING STOCK MODELS, BY COMPANY
TABLE 39
LOCOMOTIVES: ROLLING STOCK MARKET, BY TYPE, 2021–2024 (UNITS)
TABLE 40
LOCOMOTIVES: ROLLING STOCK MARKET, BY TYPE, 2025–2032 (UNITS)
TABLE 41
LOCOMOTIVES: ROLLING STOCK MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 42
LOCOMOTIVES: ROLLING STOCK MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 43
DIESEL LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2021–2024 (UNITS)
TABLE 44
DIESEL LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2025–2032 (UNITS)
TABLE 45
DIESEL LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 46
DIESEL LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 47
ELECTRIC LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2021–2024 (UNITS)
TABLE 48
ELECTRIC LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2025–2032 (UNITS)
TABLE 49
ELECTRIC LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 50
ELECTRIC LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 51
ELECTRO-DIESEL LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2021–2024 (UNITS)
TABLE 52
ELECTRO-DIESEL LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2025–2032 (UNITS)
TABLE 53
ELECTRO-DIESEL LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 54
ELECTRO-DIESEL LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 55
RAPID TRANSIT: ROLLING STOCK MARKET, BY TYPE, 2021–2024 (UNITS)
TABLE 56
RAPID TRANSIT: ROLLING STOCK MARKET, BY TYPE, 2025–2032 (UNITS)
TABLE 57
RAPID TRANSIT: ROLLING STOCK MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 58
RAPID TRANSIT: ROLLING STOCK MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 59
DIESEL MULTIPLE UNITS: ROLLING STOCK MARKET, BY REGION, 2021–2024 (UNITS)
TABLE 60
DIESEL MULTIPLE UNITS: ROLLING STOCK MARKET, BY REGION, 2025–2032 (UNITS)
TABLE 61
DIESEL MULTIPLE UNITS: ROLLING STOCK MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 62
DIESEL MULTIPLE UNITS: ROLLING STOCK MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 63
ELECTRIC MULTIPLE UNITS: ROLLING STOCK MARKET, BY REGION, 2021–2024 (UNITS)
TABLE 64
ELECTRIC MULTIPLE UNITS: ROLLING STOCK MARKET, BY REGION, 2025–2032 (UNITS)
TABLE 65
ELECTRIC MULTIPLE UNITS: ROLLING STOCK MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 66
ELECTRIC MULTIPLE UNITS: ROLLING STOCK MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 67
LIGHT RAILS/TRAMS: ROLLING STOCK MARKET, BY REGION, 2021–2024 (UNITS)
TABLE 68
LIGHT RAILS/TRAMS: ROLLING STOCK MARKET, BY REGION, 2025–2032 (UNITS)
TABLE 69
LIGHT RAILS/TRAMS: ROLLING STOCK MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 70
LIGHT RAILS/TRAMS: ROLLING STOCK MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 71
SUBWAYS/METROS: ROLLING STOCK MARKET, BY REGION, 2021–2024 (UNITS)
TABLE 72
SUBWAYS/METROS: ROLLING STOCK MARKET, BY REGION, 2025–2032 (UNITS)
TABLE 73
SUBWAYS/METROS: ROLLING STOCK MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 74
SUBWAYS/METROS: ROLLING STOCK MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 75
COACHES: ROLLING STOCK MARKET, BY REGION, 2021–2024 (UNITS)
TABLE 76
COACHES: ROLLING STOCK MARKET, BY REGION, 2025–2032 (UNITS)
TABLE 77
COACHES: ROLLING STOCK MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 78
COACHES: ROLLING STOCK MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 79
WAGONS: ROLLING STOCK MARKET, BY REGION, 2021–2024 (UNITS)
TABLE 80
WAGONS: ROLLING STOCK MARKET, BY REGION, 2025–2032 (UNITS)
TABLE 81
WAGONS: ROLLING STOCK MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 82
WAGONS: ROLLING STOCK MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 83
HIGH-SPEED ELECTRIC LOCOMOTIVE MODELS
TABLE 84
ROLLING STOCK MARKET, BY LOCOMOTIVE TECHNOLOGY, 2021–2024 (UNITS)
TABLE 85
ROLLING STOCK MARKET, BY LOCOMOTIVE TECHNOLOGY, 2025–2032 (UNITS)
TABLE 86
ROLLING STOCK MARKET, BY LOCOMOTIVE TECHNOLOGY, 2021–2024 (USD MILLION)
TABLE 87
ROLLING STOCK MARKET, BY LOCOMOTIVE TECHNOLOGY, 2025–2032 (USD MILLION)
TABLE 88
CONVENTIONAL LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2021–2024 (UNITS)
TABLE 89
CONVENTIONAL LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2025–2032 (UNITS)
TABLE 90
CONVENTIONAL LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 91
CONVENTIONAL LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 92
TURBOCHARGED LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2021–2024 (UNITS)
TABLE 93
TURBOCHARGED LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2025–2032 (UNITS)
TABLE 94
TURBOCHARGED LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 95
TURBOCHARGED LOCOMOTIVES: ROLLING STOCK MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 96
COMPARISON BETWEEN CONVENTIONAL HIGH-SPEED RAIL, MAGLEV, AND HYPERLOOP
TABLE 97
EXISTING/UPCOMING HIGH-SPEED TRAIN MODELS
TABLE 98
ROLLING STOCK MARKET, BY APPLICATION, 2021–2024 (UNITS)
TABLE 99
ROLLING STOCK MARKET, BY APPLICATION, 2025–2032 (UNITS)
TABLE 100
ROLLING STOCK MARKET, BY APPLICATION, 2021–2024 (USD MILLION)
TABLE 101
ROLLING STOCK MARKET, BY APPLICATION, 2025–2032 (USD MILLION)
TABLE 102
PASSENGER TRANSPORTATION: ROLLING STOCK MARKET, BY TYPE, 2021–2024 (UNITS)
TABLE 103
PASSENGER TRANSPORTATION: ROLLING STOCK MARKET, BY TYPE, 2025–2032 (UNITS)
TABLE 104
PASSENGER TRANSPORTATION: ROLLING STOCK MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 105
PASSENGER TRANSPORTATION: ROLLING STOCK MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 106
PASSENGER LOCOMOTIVE MARKET, BY REGION, 2021–2024 (UNITS)
TABLE 107
PASSENGER LOCOMOTIVE MARKET, BY REGION, 2025–2032 (UNITS)
TABLE 108
PASSENGER LOCOMOTIVE MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 109
PASSENGER LOCOMOTIVE MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 110
PASSENGER COACH MARKET, BY REGION, 2021–2024 (UNITS)
TABLE 111
PASSENGER COACH MARKET, BY REGION, 2025–2032 (UNITS)
TABLE 112
PASSENGER COACH MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 113
PASSENGER COACH MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 114
FREIGHT TRANSPORTATION: ROLLING STOCK MARKET, BY TYPE, 2021–2024 (UNITS)
TABLE 115
FREIGHT TRANSPORTATION: ROLLING STOCK MARKET, BY TYPE, 2025–2032 (UNITS)
TABLE 116
FREIGHT TRANSPORTATION: ROLLING STOCK MARKET, BY TYPE, 2021–2024 (USD MILLION)
TABLE 117
FREIGHT TRANSPORTATION: ROLLING STOCK MARKET, BY TYPE, 2025–2032 (USD MILLION)
TABLE 118
FREIGHT LOCOMOTIVE MARKET, BY REGION, 2021–2024 (UNITS)
TABLE 119
FREIGHT LOCOMOTIVE MARKET, BY REGION, 2025–2032 (UNITS)
TABLE 120
FREIGHT LOCOMOTIVE MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 121
FREIGHT LOCOMOTIVE MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 122
FREIGHT WAGON MARKET, BY REGION, 2021–2024 (UNITS)
TABLE 123
FREIGHT WAGON MARKET, BY REGION, 2025–2032 (UNITS)
TABLE 124
FREIGHT WAGON MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 125
FREIGHT WAGON MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 126
ROLLING STOCK MARKET, BY REGION, 2021–2024 (UNITS)
TABLE 127
ROLLING STOCK MARKET, BY REGION, 2025–2032 (UNITS)
TABLE 128
ROLLING STOCK MARKET, BY REGION, 2021–2024 (USD MILLION)
TABLE 129
ROLLING STOCK MARKET, BY REGION, 2025–2032 (USD MILLION)
TABLE 130
ASIA OCEANIA: PROPOSED RAPID TRANSIT PROJECTS
TABLE 131
ASIA OCEANIA: PROPOSED LIGHT RAIL PROJECTS
TABLE 132
ASIA OCEANIA: PROPOSED HIGH-SPEED RAIL/BULLET TRAIN PROJECTS
TABLE 133
ASIA OCEANIA: ROLLING STOCK MARKET, BY COUNTRY, 2021–2024 (UNITS)
TABLE 134
ASIA OCEANIA: ROLLING STOCK MARKET, BY COUNTRY, 2025–2032 (UNITS)
TABLE 135
ASIA OCEANIA: ROLLING STOCK MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 136
ASIA OCEANIA: ROLLING STOCK MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
TABLE 137
RAILWAY PROJECTS UNDER CHINA BELT
TABLE 138
CHINA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)
TABLE 139
CHINA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)
TABLE 140
CHINA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION)
TABLE 141
CHINA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
TABLE 142
INDIA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)
TABLE 143
INDIA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)
TABLE 144
INDIA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION)
TABLE 145
INDIA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
TABLE 146
JAPAN: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)
TABLE 147
JAPAN: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)
TABLE 148
JAPAN: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION)
TABLE 149
JAPAN: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
TABLE 150
SOUTH KOREA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)
TABLE 151
SOUTH KOREA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)
TABLE 152
SOUTH KOREA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION)
TABLE 153
SOUTH KOREA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
TABLE 154
EUROPE: PROPOSED METRO/HIGH-SPEED RAILWAY PROJECTS
TABLE 155
EUROPE: PROPOSED RAPID TRANSIT PROJECTS
TABLE 156
EUROPE: ROLLING STOCK MARKET, BY COUNTRY, 2021–2024 (UNITS)
TABLE 157
EUROPE: ROLLING STOCK MARKET, BY COUNTRY, 2025–2032 (UNITS)
TABLE 158
EUROPE: ROLLING STOCK MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 159
EUROPE: ROLLING STOCK MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
TABLE 160
GERMANY: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)
TABLE 161
GERMANY: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)
TABLE 162
GERMANY: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION)
TABLE 163
GERMANY: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
TABLE 164
FRANCE: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)
TABLE 165
FRANCE: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)
TABLE 166
FRANCE: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION)
TABLE 167
FRANCE: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
TABLE 168
UK: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)
TABLE 169
UK: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)
TABLE 170
UK: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION)
TABLE 171
UK: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
TABLE 172
ITALY: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)
TABLE 173
ITALY: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)
TABLE 174
ITALY: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION)
TABLE 175
ITALY: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
TABLE 176
SPAIN: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)
TABLE 177
SPAIN: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)
TABLE 178
SPAIN: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION)
TABLE 179
SPAIN: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
TABLE 180
NORTH AMERICA: PROPOSED HIGH-SPEED RAIL/BULLET TRAIN PROJECTS
TABLE 181
NORTH AMERICA: PROPOSED RAPID TRANSIT PROJECTS
TABLE 182
NORTH AMERICA: ROLLING STOCK MARKET, BY COUNTRY, 2021–2024 (UNITS)
TABLE 183
NORTH AMERICA: ROLLING STOCK MARKET, BY COUNTRY, 2025–2032 (UNITS)
TABLE 184
NORTH AMERICA: ROLLING STOCK MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 185
NORTH AMERICA: ROLLING STOCK MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
TABLE 186
US: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)
TABLE 187
US: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)
TABLE 188
US: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION)
TABLE 189
US: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
TABLE 190
MEXICO: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)
TABLE 191
MEXICO: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)
TABLE 192
MEXICO: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION)
TABLE 193
MEXICO: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
TABLE 194
CANADA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)
TABLE 195
CANADA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)
TABLE 196
CANADA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION)
TABLE 197
CANADA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
TABLE 198
MIDDLE EAST & AFRICA: PROPOSED METRO/MONORAIL PROJECTS
TABLE 199
MIDDLE EAST & AFRICA: PROPOSED RAPID TRANSIT PROJECTS
TABLE 200
MIDDLE EAST & AFRICA: ROLLING STOCK MARKET, BY COUNTRY, 2021–2024 (UNITS)
TABLE 201
MIDDLE EAST & AFRICA: ROLLING STOCK MARKET, BY COUNTRY, 2025–2032 (UNITS)
TABLE 202
MIDDLE EAST & AFRICA: ROLLING STOCK MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 203
MIDDLE EAST & AFRICA: ROLLING STOCK MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
TABLE 204
SOUTH AFRICA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)
TABLE 205
SOUTH AFRICA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)
TABLE 206
SOUTH AFRICA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION)
TABLE 207
SOUTH AFRICA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
TABLE 208
UAE: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)
TABLE 209
UAE: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)
TABLE 210
UAE: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION)
TABLE 211
UAE: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
TABLE 212
EGYPT: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)
TABLE 213
EGYPT: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)
TABLE 214
EGYPT: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION)
TABLE 215
EGYPT: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
TABLE 216
REST OF THE WORLD: PROPOSED METRO/MONORAIL PROJECTS
TABLE 217
REST OF THE WORLD: ROLLING STOCK MARKET, BY COUNTRY, 2021–2024 (UNITS)
TABLE 218
REST OF THE WORLD: ROLLING STOCK MARKET, BY COUNTRY, 2025–2032 (UNITS)
TABLE 219
REST OF THE WORLD: ROLLING STOCK MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
TABLE 220
REST OF THE WORLD: ROLLING STOCK MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
TABLE 221
BRAZIL: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)
TABLE 222
BRAZIL: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)
TABLE 223
BRAZIL: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION)
TABLE 224
BRAZIL: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
TABLE 225
RUSSIA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (UNITS)
TABLE 226
RUSSIA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (UNITS)
TABLE 227
RUSSIA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION)
TABLE 228
RUSSIA: ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
TABLE 229
KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025
TABLE 230
ROLLING STOCK MARKET: DEGREE OF COMPETITION
TABLE 231
REGION FOOTPRINT
TABLE 232
APPLICATION FOOTPRINT
TABLE 233
PRODUCT TYPE FOOTPRINT
TABLE 234
LOCOMOTIVE TECHNOLOGY FOOTPRINT
TABLE 235
LIST OF START-UPS/SMES
TABLE 236
COMPETITIVE BENCHMARKING OF START-UPS/SMES
TABLE 237
ROLLING STOCK MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2022–2025
TABLE 238
ROLLING STOCK MARKET: DEALS, 2022–2025
TABLE 239
ROLLING STOCK MARKET: EXPANSIONS, 2022–2025
TABLE 240
ROLLING STOCK MARKET: CONTRACTS, 2022–2025
TABLE 241
CRRC CORPORATION LIMITED: COMPANY OVERVIEW
TABLE 242
CRRC CORPORATION LIMITED: PRODUCTS OFFERED
TABLE 243
CRRC CORPORATION LIMITED: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 244
CRRC CORPORATION LIMITED: DEALS
TABLE 245
CRRC CORPORATION LIMITED: CONTRACTS
TABLE 246
SIEMENS AG: COMPANY OVERVIEW
TABLE 247
SIEMENS AG: PRODUCTS OFFERED
TABLE 248
SIEMENS AG: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 249
SIEMENS AG: DEALS
TABLE 250
SIEMENS AG: EXPANSIONS
TABLE 251
SIEMENS AG: CONTRACTS
TABLE 252
SIEMENS AG: OTHER DEVELOPMENTS
TABLE 253
ALSTOM SA: COMPANY OVERVIEW
TABLE 254
ALSTOM SA: PRODUCTS OFFERED
TABLE 255
ALSTOM SA: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 256
ALSTOM SA: DEALS
TABLE 257
ALSTOM SA: EXPANSIONS
TABLE 258
ALSTOM SA: CONTRACTS
TABLE 259
STADLER RAIL AG: COMPANY OVERVIEW
TABLE 260
STADLER RAIL AG: PRODUCTS OFFERED
TABLE 261
STADLER RAIL AG: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 262
STADLER RAIL AG: DEALS
TABLE 263
STADLER RAIL AG: EXPANSIONS
TABLE 264
STADLER RAIL AG: CONTRACTS
TABLE 265
STADLER RAIL AG: OTHER DEVELOPMENTS
TABLE 266
WABTEC CORPORATION: COMPANY OVERVIEW
TABLE 267
WABTEC CORPORATION: PRODUCTS OFFERED
TABLE 268
WABTEC CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 269
WABTEC CORPORATION: DEALS
TABLE 270
WABTEC CORPORATION: EXPANSIONS
TABLE 271
WABTEC CORPORATION: CONTRACTS
TABLE 272
KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW
TABLE 273
KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED
TABLE 274
KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 275
KAWASAKI HEAVY INDUSTRIES, LTD.: CONTRACTS
TABLE 276
CAF GROUP: COMPANY OVERVIEW
TABLE 277
CAF GROUP: PRODUCTS OFFERED
TABLE 278
CAF GROUP: DEALS
TABLE 279
CAF GROUP: EXPANSIONS
TABLE 280
CAF GROUP: CONTRACTS
TABLE 281
HYUNDAI ROTEM COMPANY: COMPANY OVERVIEW
TABLE 282
HYUNDAI ROTEM COMPANY: PRODUCTS OFFERED
TABLE 283
HYUNDAI ROTEM COMPANY: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 284
HYUNDAI ROTEM COMPANY: DEALS
TABLE 285
HYUNDAI ROTEM COMPANY: CONTRACTS
TABLE 286
HYUNDAI ROTEM COMPANY: OTHER DEVELOPMENTS
TABLE 287
MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW
TABLE 288
MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED
TABLE 289
MITSUBISHI HEAVY INDUSTRIES, LTD.: DEALS
TABLE 290
MITSUBISHI HEAVY INDUSTRIES, LTD.: EXPANSIONS
TABLE 291
MITSUBISHI HEAVY INDUSTRIES, LTD.: CONTRACTS
TABLE 292
TALGO: COMPANY OVERVIEW
TABLE 293
TALGO: PRODUCTS OFFERED
TABLE 294
TALGO: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 295
TALGO: DEALS
TABLE 296
TALGO: CONTRACTS
TABLE 297
TRANSMASHHOLDING: COMPANY OVERVIEW
TABLE 298
TRANSMASHHOLDING: PRODUCTS OFFERED
TABLE 299
TRANSMASHHOLDING: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 300
TRANSMASHHOLDING: DEALS
TABLE 301
TRANSMASHHOLDING: EXPANSIONS
TABLE 302
TRANSMASHHOLDING: CONTRACTS
TABLE 303
TITAGARH RAIL SYSTEMS LIMITED: COMPANY OVERVIEW
TABLE 304
TITAGARH RAIL SYSTEMS LIMITED: PRODUCTS OFFERED
TABLE 305
TITAGARH RAIL SYSTEMS LIMITED: PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 306
TITAGARH RAIL SYSTEMS LIMITED: DEALS
TABLE 307
TITAGARH RAIL SYSTEMS LIMITED: CONTRACTS
TABLE 308
TOSHIBA CORPORATION: COMPANY OVERVIEW
TABLE 309
HITACHI RAIL LIMITED: COMPANY OVERVIEW
TABLE 310
STRUKTON: COMPANY OVERVIEW
TABLE 311
DEUTSCHE BAHN AG: COMPANY OVERVIEW
TABLE 312
BEML LIMITED: COMPANY OVERVIEW
TABLE 313
RAIL VIKAS NIGAM LIMITED: COMPANY OVERVIEW
TABLE 314
BRAITHWAITE & CO. (INDIA) LTD.: COMPANY OVERVIEW
TABLE 315
CHITTARANJAN LOCOMOTIVE WORKS: COMPANY OVERVIEW
TABLE 316
WJIS: COMPANY OVERVIEW
TABLE 317
RHOMBERG SERSA RAIL HOLDING GMBH: COMPANY OVERVIEW
TABLE 318
SINARA TRANSPORT MACHINES: COMPANY OVERVIEW
TABLE 319
TRINITY INDUSTRIES, INC.: COMPANY OVERVIEW
TABLE 320
THE GREENBRIER COMPANIES: COMPANY OVERVIEW
TABLE 321
DAWONSYS CO., LTD.: COMPANY OVERVIEW
LIST OF FIGURES
FIGURE 1
ROLLING STOCK MARKET SEGMENTATION
FIGURE 2
RESEARCH DESIGN
FIGURE 3
RESEARCH DESIGN MODEL
FIGURE 4
RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
FIGURE 5
BOTTOM-UP APPROACH
FIGURE 6
TOP-DOWN APPROACH
FIGURE 7
MARKET SIZE ESTIMATION NOTES
FIGURE 8
DATA TRIANGULATION
FIGURE 9
GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS
FIGURE 10
DEMAND- AND SUPPLY-SIDE FACTOR ANALYSIS
FIGURE 11
ROLLING STOCK MARKET OVERVIEW
FIGURE 12
ROLLING STOCK MARKET, BY REGION, 2025–2032
FIGURE 13
ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032
FIGURE 14
RISING INVESTMENTS IN RAPID TRANSIT PROJECTS TO DRIVE MARKET
FIGURE 15
RAPID TRANSIT TO BE LARGEST SEGMENT DURING FORECAST PERIOD
FIGURE 16
FREIGHT TRANSPORTATION TO HOLD HIGHER SHARE THAN PASSENGER TRANSPORTATION DURING FORECAST PERIOD
FIGURE 17
CONVENTIONAL LOCOMOTIVES TO BE LARGER THAN TURBOCHARGED LOCOMOTIVES DURING FORECAST PERIOD
FIGURE 18
ASIA OCEANIA TO BE LEADING REGIONAL MARKET DURING FORECAST PERIOD
FIGURE 19
ROLLING STOCK MARKET DYNAMICS
FIGURE 20
GLOBAL CO2 EMISSIONS FROM DIFFERENT TRANSPORT SEGMENTS, 2019–2030
FIGURE 21
ENERGY DEMAND FROM RAILWAYS, BY COUNTRY, 2017–2050
FIGURE 22
FREIGHT LOADING IN INDIA, 2020–2024
FIGURE 23
PROTOTYPE OF HYDROGEN TRAIN
FIGURE 24
BENEFITS OF USING BATTERIES IN RAIL FOR MAXIMUM OPERATIONAL FLEXIBILITY
FIGURE 25
TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 26
AVERAGE SELLING PRICE TREND, BY PRODUCT TYPE, 2022–2024 (USD THOUSAND)
FIGURE 27
AVERAGE SELLING PRICE TREND, BY REGION, 2022–2024 (USD THOUSAND)
FIGURE 28
ECOSYSTEM ANALYSIS
FIGURE 29
SUPPLY CHAIN ANALYSIS
FIGURE 30
PATENT ANALYSIS
FIGURE 31
LEGAL STATUS OF PATENTS, 2015–2024
FIGURE 32
REGENERATIVE BRAKING IN TRAINS
FIGURE 33
SPECIFICATIONS OF TRI-MODE BATTERY TRAINS
FIGURE 34
THALES RAILWAY DIGITALIZATION
FIGURE 35
TRAIN CONTROL AND MANAGEMENT SYSTEM
FIGURE 36
BIG DATA IN RAILWAY TRANSPORTATION
FIGURE 37
INVESTMENT AND FUNDING SCENARIO, 2022–2025
FIGURE 38
ADVANTAGES OF HARNESSING AI IN RAILWAY OPERATIONS
FIGURE 39
IMPORT DATA FOR HS CODE 8604-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2024 (USD MILLION)
FIGURE 40
EXPORT DATA FOR HS CODE 8604-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2024 (USD MILLION)
FIGURE 41
IMPORT DATA FOR HS CODE 8603-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2024 (USD MILLION)
FIGURE 42
EXPORT DATA FOR HS CODE 8603-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2024 (USD MILLION)
FIGURE 43
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE PRODUCT TYPES
FIGURE 44
KEY BUYING CRITERIA FOR TOP THREE PRODUCT TYPES
FIGURE 45
ROLLING STOCK MARKET, BY PRODUCT TYPE, 2025–2032 (USD MILLION)
FIGURE 46
ELECTRIC LOCOMOTIVES TO BE DOMINANT DURING FORECAST PERIOD
FIGURE 47
ELECTRIC MULTIPLE UNITS TO BE DOMINANT DURING FORECAST PERIOD
FIGURE 48
ROLLING STOCK MARKET, BY LOCOMOTIVE TECHNOLOGY, 2025–2032 (USD MILLION)
FIGURE 49
ROLLING STOCK MARKET, BY APPLICATION, 2025–2032 (USD MILLION)
FIGURE 50
COACHES TO BE DOMINANT IN PASSENGER TRANSPORTATION SEGMENT DURING FORECAST PERIOD
FIGURE 51
WAGONS TO BE DOMINANT IN FREIGHT TRANSPORTATION SEGMENT DURING FORECAST PERIOD
FIGURE 52
ROLLING STOCK MARKET, BY REGION, 2025–2032 (USD MILLION)
FIGURE 53
ASIA OCEANIA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
FIGURE 54
ASIA OCEANIA: GDP PER CAPITA, BY COUNTRY, 2024–2026
FIGURE 55
ASIA OCEANIA: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
FIGURE 56
ASIA OCEANIA: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, BY COUNTRY, 2024
FIGURE 57
ASIA OCEANIA: ROLLING STOCK MARKET SNAPSHOT
FIGURE 58
EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
FIGURE 59
EUROPE: GDP PER CAPITA, BY COUNTRY, 2024–2026
FIGURE 60
EUROPE: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
FIGURE 61
EUROPE: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, BY COUNTRY, 2024
FIGURE 62
EUROPE: ROLLING STOCK MARKET SNAPSHOT
FIGURE 63
NORTH AMERICA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
FIGURE 64
NORTH AMERICA: GDP PER CAPITA, BY COUNTRY, 2024–2026
FIGURE 65
NORTH AMERICA: CPI INFLATION RATE, BY COUNTRY, 2024–2026
FIGURE 66
NORTH AMERICA: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, BY COUNTRY, 2024
FIGURE 67
NORTH AMERICA: ROLLING STOCK MARKET SNAPSHOT
FIGURE 68
MIDDLE EAST & AFRICA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
FIGURE 69
MIDDLE EAST & AFRICA: GDP PER CAPITA, BY COUNTRY, 2024–2026
FIGURE 70
MIDDLE EAST & AFRICA: CPI INFLATION RATE, BY COUNTRY, 2024–2026
FIGURE 71
MIDDLE EAST & AFRICA: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, BY COUNTRY, 2024
FIGURE 72
MIDDLE EAST & AFRICA: ROLLING STOCK MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
FIGURE 73
REST OF THE WORLD: REAL GDP GROWTH RATE, 2024–2026
FIGURE 74
REST OF THE WORLD: GDP PER CAPITA, 2024–2026
FIGURE 75
REST OF THE WORLD: CPI INFLATION RATE, 2024–2026
FIGURE 76
REST OF THE WORLD: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, BY COUNTRY, 2024
FIGURE 77
REST OF THE WORLD: ROLLING STOCK MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
FIGURE 78
MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024
FIGURE 79
REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020–2024
FIGURE 80
COMPANY VALUATION (USD BILLION)
FIGURE 81
FINANCIAL METRICS (EV/EBITDA)
FIGURE 82
BRAND/PRODUCT COMPARISON
FIGURE 83
COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024
FIGURE 84
COMPANY FOOTPRINT
FIGURE 85
COMPANY EVALUATION MATRIX (START-UPS/SMES), 2024
FIGURE 86
CRRC CORPORATION LIMITED: COMPANY SNAPSHOT
FIGURE 87
SIEMENS AG: COMPANY SNAPSHOT
FIGURE 88
ALSTOM SA: COMPANY SNAPSHOT
FIGURE 89
ALSTOM SA: NEW BUSINESS OPPORTUNITY SPACE
FIGURE 90
STADLER RAIL AG: COMPANY SNAPSHOT
FIGURE 91
STADLER RAIL AG: FUTURE STRATEGY OVERVIEW
FIGURE 92
WABTEC CORPORATION: COMPANY SNAPSHOT
FIGURE 93
WABTEC CORPORATION: NORTH AMERICAN LOCOMOTIVES MARKET SNAPSHOT
FIGURE 94
KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
FIGURE 95
CAF GROUP: COMPANY SNAPSHOT
FIGURE 96
HYUNDAI ROTEM COMPANY: COMPANY SNAPSHOT
FIGURE 97
MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
FIGURE 98
TALGO: COMPANY SNAPSHOT
FIGURE 99
TITAGARH RAIL SYSTEMS LIMITED: COMPANY SNAPSHOT
Methodology
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 top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this research study included rolling stock industry organizations [American Railway Association (ARA), Brazilian Association of the Railroad Suppliers (ABIFER), China Railway Society (CRS), China Academy of Railway Sciences (CARS), Gulf Cooperation Council (GCC), Indian Railway Conference Association (IRCA), Indian Railway Institute of Electrical Engineering (IRIEEN), International Union of Railways (UIC), Japan Association of Rolling Stock Industries (JARI), Mexican Association of Railway], corporate filings [such as annual reports, investor presentations, and financial statements], and trade, business, whitepapers, 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. Approximately 40% and 60% of primary interviews were conducted from the demand and supply sides, 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 opinions of the in-house subject matter experts, led to the findings described in the remainder of this report.
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for the report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations. The primary sources from the demand side included end users, such as Chief Information Officers (CIOs), consultants, service professionals, technicians and technologists, and managers at public and investor-owned utilities.
Note: Tiers of companies are based on the value chain of the rolling stock market; companies’ revenues have not been
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Bottom-up and top-down approaches were used to estimate and validate the total size of the rolling stock market. This method was also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
Rolling Stock Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
Rolling stock refers to railway vehicles. They are powered as well as unpowered vehicles such as locomotives, railroad cars, coaches, and wagons. Rolling stock is used for freight and passenger transport and plays a vital role in the transport infrastructure of a city or country. Rapid urbanization and industrialization, and the increasing use of public transport to reduce traffic congestion, are the key factors driving the growth of the rolling stock market.
Stakeholders
- Rolling stock manufacturers
- Rolling stock component and subsystem suppliers
- Rail technology providers
- Leasing companies and financial institutions
- Maintenance, repair, and overhaul (MRO) service providers
- Government bodies and regulatory authorities
- Rail infrastructure developers
- Investors and public-private partnerships (PPPs)
- Rail operators and service providers
Report Objectives
- To segment and forecast the size of the rolling stock market in terms of value (USD million) and volume (units)
- To define, describe, and forecast the market-based product type, locomotive technology, application, components, and region
-
To analyze regional markets for growth trends, prospects, and their contribution to the overall market
- To segment and forecast the market size by product type (locomotives, rapid transit, wagons, and coaches)
- To provide a qualitative analysis of other product types
- To segment and forecast the market size by locomotive technology (conventional locomotives and turbocharged locomotives), with qualitative insights on Maglev
- To segment and forecast the market size by application (passenger transportation and freight transportation)
- To provide a qualitative analysis of component segments (pantographs, axles, wheelsets, traction motors, passenger information systems, air conditioning systems, auxiliary power systems, train control systems, brakes, baffle gears, couplers, and gearboxes)
- To forecast the market size by region [North America, Europe, Asia Oceania, the Middle East & Africa (MEA), and the Rest of the World (RoW)]
- To analyze technological developments impacting the market
- To provide detailed information about the major factors influencing the market growth (drivers, challenges, restraints, and opportunities)
- To strategically analyze the market, considering individual growth trends, prospects, and contributions to the total market
-
To study the following concerning the market
- Supply Chain Analysis
- Ecosystem Analysis
- Technology Analysis
- Trade Analysis
- Case Study Analysis
- Patent Analysis
- Regulatory Landscape
- Impact of AI/Gen AI
- Trend and Disruption Impact
- Key Stakeholders and Buying Criteria
- Key Conferences and Events
- Investment and Funding Scenarios
- Strategic Pathways for Alternative Propulsion Systems
- Rail Infrastructure Modernization Strategy
- Implementation Framework for Autonomous Train Technology
- Success Stories and Real-world Applications
- To strategically profile key players and comprehensively analyze their market shares and core competencies
- To analyze the impact of recession on the market
- To track and analyze competitive developments such as deals (joint ventures, mergers & acquisitions, contracts, partnerships, collaborations), product developments and launches, and other activities carried out by key industry participants.
Available Customizations
With the given market data, MarketsandMarkets offers customizations in accordance with company-specific needs.
- Rolling stock market, by technology type at the country level (For countries covered in the report)
- Rolling stock market, by product type at the country level (For countries covered in the report)
- Company information
- Profiling of additional market players (up to five)
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- 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
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robert
May, 2022
what is the market size for rolling stock market and also want to more details about forecast year 2022 to 2027. .