Rolling Stock Market Size & Share Report, 2022-2029

Rolling Stock Market

Rolling Stock Market was valued at USD 53.4 billion in 2021 and is estimated to reach USD 75.9 billion in 2029, growing at a CAGR of 4.5%.

The factors driving the growth of Rolling Stock Market includes growing demand for efficient mode of transportation systems, Government schemes promoting the use of public transport, increasing use of locomotives in end-use industries such as oil & gas, agriculture, and manufacturing. According to the report published by Statista, the market size of global public transportation was calculated around USD 240.20 billion in 2022 and is expected to reach USD 315 billion by the end of 2026, growing at a CAGR of 7.01% over the forecast period (2022-2026), which will boost the Rolling Stock Market size in coming years. Moreover, rise in Government’s allocation on the railway sector, increasing use of public transportation system to reduce traffic congestion, increase in the construction of metros and railway projects and growing application of big data analytics in the transport industry, are some of the additional factors supplementing the Global Rolling Stock Market. In addition, the increasing investments by leading players on research and development, rising disposable incomes and rapid urbanization, are further propelling the Rolling Stock Market size.

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However, the growth of Rolling Stock Market is hindered attributed to high capital required for developing railway infrastructure.

The prominent players operating in the market are Siemens AG, Kawasaki Heavy Industries, Ltd., Transmashholding, CRRC Corporation Limited, Bombardier Inc., Alstom SA, Stadler Rail AG, Construcciones y Auxiliar de Ferrocarriles, S.A., Hyundai Motor Group and Motherson Rolling Stock Systems GB Limited among others.

Based on Application, the Freight segment is predicted to expand at a significant CAGR during the forecast period

Increasing application of freight trains in the end-use industries such as oil & gas, mining and automotive and rise use of GPS tracking systems to enhance the protection of goods, are some of the factors responsible for the segment’s growth.

Based on Locomotive Technology, the Maglev segment is projected to grow at a remarkable CAGR over the forecast period

Maglev locomotives enables smooth journey, reduces turbulence and these kinds of trains are driven by powered guideway, are propelling the growth of the segment.

Based on Region, the Asia-Pacific region is anticipated to capture a sizeable market share during the forecast period

Rapid economic growth across India, China, and South Korea in the last decade, growing demand for rail vehicles for transporting passengers, rise in the number of metro projects in cities, increasing disposable incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific.

Key Development

• In 2020, Alstom SA completed the acquisition of Bombardier Transportation, the rail division Bombardier Inc. This acquisition will enhance the business portfolio of the Alstom SA in the train manufacturing market.

• In 2019, Motherson Rolling Stock Systems GB Limited, completed the acquisition of rolling stock electrical component and systems business of Bombardier Transportation UK Ltd. This acquisition will enhance the product portfolio of the company.

Market Segmentation

Segmentation by Product Type

• Locomotives

• Diesel Locomotives

• Electric Locomotives

• Electro-Diesel Locomotives

• Rapid Transit

• Diesel Multiple Unit (DMU)

• Electric Multiple Unit (EMU)

• Light Rail/Tram

• Subway/Metro

• Monorail

• Coaches

• Wagons

Segmentation by Application

• Passenger Transportation

• Locomotives

• Coaches

• Freight

• Locomotives

• Wagons

Segmentation by Locomotive Technology

• Conventional Locomotives

• Turbocharged Locomotives

• Maglev

Segmentation by Component

• Pantograph

• Axle

• Wheel Set

• Traction Motor

• Passenger Information System

• Air Conditioning System

• Auxiliary Power System

Segmentation by Region

• Asia Pacific

  • China

  • Japan

  • India

  • Rest of APAC

• North America

  • United States of America

  • Canada

• Europe

  • United Kingdom

  • Germany

  • France

  • Spain

  • Rest of Europe

• RoW

  • Brazil

  • South Africa

  • Saudi Arabia

  • UAE

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