Rolling Stock Market

Rolling Stock Market Size & Share - Future Growth Expectations

The global rolling stock market, by value, is estimated to be 54.6 USD billion in 2023 and is projected to reach 65.6 USD billion by 2028, at a CAGR of 3.8% from 2023 to 2028. In the near future, demand for rolling stock is expected to increase due to favourable investment made for railway industry.

The Rolling Stock Market is poised for substantial growth in the coming years, driven by several key factors:

  • Urbanization and Population Growth
  • Investments in Rail Infrastructure
  • Shift towards Sustainable Transport
  • Technological Advancements and Innovation
  • Urban Mobility Solutions
  • Demand for High-Speed Rail
  • Replacement and Upgradation of Aging Fleets
  • Public-Private Partnerships and Financing Models

These key factors collectively indicate a positive outlook for the Rolling Stock market, with substantial growth opportunities anticipated in the coming years as the global demand for efficient, sustainable, and reliable rail transportation continues to increase.

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  • Urbanization and Population Growth: In many areas, population growth and rapid urbanization are driving up demand for sustainable and effective transportation options. For urban commuters, rolling stock—such as metros, trains, and light rail vehicles—is essential to the availability of mass transportation alternatives. It is anticipated that rolling stock infrastructure investments would increase as cities grow and transportation needs increase.
  • Investments in Rail Infrastructure: To increase connectivity, lessen traffic, and support sustainable mobility, governments and transportation authorities are investing in the modernization and extension of rail infrastructure. Large-scale infrastructure initiatives including intercity rail corridors, urban metro systems, and high-speed rail networks fuel demand for new rolling equipment and fleet modifications.
  • Shift towards Sustainable Transport: In the transportation industry, environmental stewardship and sustainability are becoming more and more important. Compared to driving and flying, rail transportation is known to be one of the most environmentally friendly forms of transportation since it uses less energy and produces less greenhouse emissions. Energy-efficient and electrified rolling stock purchases contribute to the fight against climate change by lowering carbon emissions.
  • Technological Advancements and Innovation: Innovation in the sector is fueled by ongoing developments in rolling stock technology, which includes propulsion systems, materials, and onboard amenities. New technologies that have the potential to improve efficiency, dependability, and passenger experience include autonomous train operations, hydrogen fuel cells, and battery-electric propulsion.
  • Urban Mobility Solutions: Effective and dependable urban mobility solutions are becoming more and more necessary as traffic congestion and air pollution in metropolitan areas rise. Rolling stock—especially metro trains, trams, and light rail cars—offers a practical and sustainable substitute for driving a private vehicle. Initiatives for sustainable urban mobility are supported by investments in train stock and urban rail infrastructure.
  • Demand for High-Speed Rail: The use of high-speed rail (HSR), which provides quick, effective, and pleasant long-distance transportation, is still growing throughout the world. High-speed rolling stock with a top speed of 250 km/h (155 mph) is in high demand because to countries like China, Japan, and Europe that are investing in HSR projects. Growth in the rolling stock market is stimulated by investments in HSR infrastructure.
  • Replacement and Upgradation of Aging Fleets: The issue of aging fleets of rolling stock that need to be replaced or updated to satisfy safety, performance, and regulatory standards is one that many regions are now dealing with. Rolling stock providers and manufacturers have chances to supply new and cutting-edge rail vehicles through investments in rolling stock renewal projects, fleet improvements, and technology retrofits.
  • Public-Private Partnerships and Financing Models: Large-scale rolling stock projects are generally financed using creative financing techniques and public-private partnerships (PPPs). Governments work in tandem with businesses in the private sector to fund, construct, run, and maintain rolling stock assets and rail infrastructure. PPPs encourage private sector investment in the rolling stock market and allow for quicker project completion.

Rolling Stock Market Share - Global Industry Landscape

  • CRRC Corporation Limited (China)
  • Alstom SA (France)
  • Siemens AG (Germany)
  • Stadler Rail AG (Switzerland)
  • Wabtec Corporation (US)

These companies, along with others in the Rolling Stock market, contribute to the competitiveness and dynamism of the industry through their diverse product offerings, technological innovation, and global market presence. While specific market share figures may fluctuate over time and depending on various factors, these companies are recognized for their leadership and contributions to the advancement of rail transportation worldwide.

  • CRRC Corporation Limited (China): CRRC Corporation Limited holds a substantial market position in China and other Asian regions, making it one of the biggest rolling stock manufacturers worldwide. The reason behind CRRC's market domination is its wide range of products, which includes metro cars and high-speed trains, as well as its strong presence in both local and international markets.
  • Alstom SA (France): Alstom holds a significant market position in the rolling stock industry worldwide, particularly in the Middle East, Africa, and Europe. The company is a global leader in rail solutions because to its extensive product line, which includes high-speed trains, metros, tramways, and signaling systems.
  • Siemens AG (Germany): Siemens AG's subsidiary Siemens Mobility has a large market position in the worldwide rolling stock sector. Siemens Mobility is well-known for its creative rail solutions, which include locomotives, passenger trains, metros, light rail vehicles, as well as signaling and electrification systems. The company has a significant presence in Europe, Asia-Pacific, and the Americas.
  • Stadler Rail AG (Switzerland): In the rolling stock industry, Stadler Rail is a major participant, especially in Europe, where it holds a sizable market position in the commuter and regional rail divisions. The company's success in the business may be attributed to its emphasis on personalized solutions and its standing for superior craftsmanship.
  • Wabtec Corporation (US): Formerly known as Westinghouse Air Brake Technologies Corporation, Wabtec Corporation is a prominent supplier of technology-based rail sector equipment and services worldwide. Wabtec is a major participant in the railway electronics, brake systems, and locomotive components industries, even though its rolling stock manufacturing market share may not be as large as that of some of its rivals.

Related Report

Rolling Stock Market by Component Product Type (Locomotive, Rapid Transit, & Coach), Locomotive Technology (Conventional, Turbocharged, & Maglev), Application (Passenger Transportation & Freight transportation) & Region - Global Forecast to 2028

Rolling Stock Market Size,  Share & Growth Report
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