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PUBLISHER: Grand View Research | PRODUCT CODE: 1233238

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PUBLISHER: Grand View Research | PRODUCT CODE: 1233238

Rolling Stock Market Size, Share & Trends Analysis Report By Product (Locomotive, Rapid Transit Vehicle, Wagon), By Type, By Train Type, By Region, And Segment Forecasts, 2023 - 2030

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Rolling Stock Market Growth and Trends:

The global rolling stock market size is expected to reach USD 96.58 billion by 2030 with a CAGR growth of 6.0% from 2023 to 2030 according to a new report by Grand View Research, Inc. From transporting goods such as raw materials to industrial equipment and passenger's rolling stock plays a multi-functional role worldwide. Considered to be a cost effective mode of transport coupled with factors such as comfortable travel, and reliability have proliferated the uptake of rolling stock by end-users. For instance, in November 2022, Alstom announced a new maintenance agreement with the Panama Metro (MPSA), a rapid transit system in Panama City that covers both corrective and preventive maintenance of Line 2 of the Panama Metro's rolling stock, signaling, and power supply system. According to the conditions of the agreement, Alstom will hire, prepare for, and train all Panamanian experts and specialists to handle the services.

Rolling stock generally uses electricity or diesel as its power source. However, owing to rising crude oil prices and environmental concerns over carbon emissions, electricity powered rolling stock is seen as an alternative to diesel-operated rolling stock. Government agencies of the countries such as India, South Korea, Norway and Canada pivot towards complete electrification of railways. Thus, prompting heavy investments from private entities and government bodies for the development and expansion of rolling stock and its infrastructure are driving the global rolling stock market growth. For instance, in November 2022, Alstom announced a contract with Chennai Metro Rail Limited. Chennai Metro Rail Limited had placed an order with Alstom for 26 three-car autonomous trains worth 9,460 USD million. This is a clause of the Phase-2 Rolling Stock Contract agreement that the two parties have agreed upon. This contract's scope of work includes the design, manufacture, supply, testing, commissioning, training of staff, provision of spare parts, and fault liability for 26 standard gauge autonomous metro rolling stock.

Moreover, several private and government players are integrating Artificial Intelligence (AI) and data analytics methods such as predictive analytics to anticipate maintenance schedules, accumulate data on speed to create a real-time schedule, and track location. The emergence of automated trains, hydrogen fuel-based and battery-operated rolling stock is further impacting the market growth-hydrogen-powered train shares the benefits of being cost-effective, eco-friendly, and high-performance with electricity-operated rolling stocks. These technological advancements are anticipated to boost the demand for the overall rolling stock market.

Rising population density is contributing to the accelerating growth of the rapid transit vehicle. Rapid transit vehicles are affordable, efficient, reliable, and faster, making their fleet suitable for the urban and rural population's commute. Therefore, the increasing inclination of daily commuters toward public transport such as rapid transit vehicles and passenger trains is prompting government and private players to invest heavily in the development of railway infrastructure, proliferating the rolling stock market growth. For instance, in October 2022, TrinityRail received a USD 1.8 billion railcar supply deal from GATX, a railcar leasing company. The protracted contract states Trinity Rail will provide 15,000 freshly constructed tank and cargo railcars over six years. Additionally, GATX has the choice to order an extra 500 railcars each order year. According to the terms of the agreement, TrinityRail will provide 6,000 tank cars between 2024 and 2028 at a rate of 1,200 vehicles per year. A mixture of 9,000 passenger and tank trains will be ordered from 2023 to 2028 at a pace of 1,500 cars yearly; the delivery timetable for this order has yet to be determined.

Rolling Stock Market Report Highlight:

  • The demand for electric based rolling stock and rapid transit vehicles are witnessing a demand increase due to features such as cost effectiveness, speed, and reliability.
  • Government and private players worldwide are investing in strengthening and improving railway infrastructure owing to an increasing inclination towards railways.
  • Alternative fuel sources such as hydrogen and battery operated rolling stock is further driving the demand for rolling stock. Automated trains with the implementation of AI and data analytics are also contributing to the demand for rolling stock.
Product Code: GVR-2-68038-322-5

Table of Contents

Chapter 1. Methodology & Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR's Internal Database
    • 1.3.3. Secondary Sources & Third-party Perspectives
    • 1.3.4. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation & Data Visualization
  • 1.6. Data Validation & Publishing

Chapter 2. Executive Summary

Chapter 3. Market Variables, Trends, and Scope

  • 3.1. Penetration & Growth Prospect Mapping
  • 3.2. Industry Value Chain Analysis
  • 3.3. Market Dynamics
    • 3.3.1. Market Driver Analysis
    • 3.3.2. Market Restraint Analysis
  • 3.4. Market Analysis Tools
    • 3.4.1. Industry Analysis - Porter's Five Forces Analysis
    • 3.4.2. PEST Analysis
  • 3.5. Company Ranking Analysis, 2022
  • 3.6. Impact of COVID-19 on the rolling stock Market

Chapter 4. Rolling Stock Market: Product Type Outlook

  • 4.1. Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
    • 4.1.1. Locomotive
      • 4.1.1.1. Market Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
    • 4.1.2. Rapid Transit Vehicle
      • 4.1.2.1. Market Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
    • 4.1.3. Wagon
      • 4.1.3.1. Market Estimates and Forecasts by Region, 2018 - 2030 (USD Million)

Chapter 5. Rolling Stock Market: Type Outlook

  • 5.1. Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
    • 5.1.1. Diesel
      • 5.1.1.1. Market Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
    • 5.1.2. Electric
      • 5.1.2.1. Market Estimates and Forecasts by Region, 2018 - 2030 (USD Million)

Chapter 6. Rolling Stock Market: Train Type Outlook

  • 6.1. Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Million)
    • 6.1.1. Rail Freight
      • 6.1.1.1. Market Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
    • 6.1.2. Rail Passenger
      • 6.1.2.1. Market Estimates and Forecasts by Region, 2018 - 2030 (USD Million)

Chapter 7. Rolling Stock Market: Regional Outlook

  • 7.1. Rolling Stock Market, By Region, 2022 & 2030
  • 7.2. North America
    • 7.2.1. North America Market Estimates and Forecasts, by Product Type, 2018 - 2030 (USD Million)
    • 7.2.2. North America Market Estimates and Forecasts, by Type, 2018 - 2030 (USD Million)
    • 7.2.3. North America Market Estimates and Forecasts, by Train Type, 2018 - 2030 (USD Million)
    • 7.2.4. U.S.
      • 7.2.4.1. U.S. Market Estimates and Forecasts, by Product Type, 2018 - 2030 (USD Million)
      • 7.2.4.2. U.S. Market Estimates and Forecasts, by Type, 2018 - 2030 (USD Million)
      • 7.2.4.3. U.S. Market Estimates and Forecasts, by Train Type, 2018 - 2030 (USD Million)
    • 7.2.5. Canada
      • 7.2.5.1. Canada Market Estimates and Forecasts, by Product Type, 2018 - 2030 (USD Million)
      • 7.2.5.2. Canada Market Estimates and Forecasts, by Type, 2018 - 2030 (USD Million)
      • 7.2.5.3. Canada Market Estimates and Forecasts, by Train Type, 2018 - 2030 (USD Million)
  • 7.3. Europe
    • 7.3.1. Europe Market Estimates and Forecasts, by Product Type, 2018 - 2030 (USD Million)
    • 7.3.2. Europe Market Estimates and Forecasts, by Type, 2018 - 2030 (USD Million)
    • 7.3.3. Europe Market Estimates and Forecasts, by Train Type, 2018 - 2030 (USD Million)
    • 7.3.4. U.K
      • 7.3.4.1. U.K Market Estimates and Forecasts, by Product Type, 2018 - 2030 (USD Million)
      • 7.3.4.2. U.K. Market Estimates and Forecasts, by Type, 2018 - 2030 (USD Million)
      • 7.3.4.3. U.K. Market Estimates and Forecasts, by Train Type, 2018 - 2030 (USD Million)
    • 7.3.5. Germany
      • 7.3.5.1. Germany Market Estimates and Forecasts, by Product Type, 2018 - 2030 (USD Million)
      • 7.3.5.2. Germany Market Estimates and Forecasts, by Type, 2018 - 2030 (USD Million)
      • 7.3.5.3. Germany Market Estimates and Forecasts, by Train Type, 2018 - 2030 (USD Million)
    • 7.3.6. Russia
      • 7.3.6.1. Russia Market Estimates and Forecasts, by Product Type, 2018 - 2030 (USD Million)
      • 7.3.6.2. Russia Market Estimates and Forecasts, by Type, 2018 - 2030 (USD Million)
      • 7.3.6.3. Russia Market Estimates and Forecasts, by Train Type, 2018 - 2030 (USD Million)
  • 7.4. Asia Pacific
    • 7.4.1. Asia Pacific Market Estimates and Forecasts, by Product Type, 2018 - 2030 (USD Million)
    • 7.4.2. Asia Pacific Market Estimates and Forecasts, by Type, 2018 - 2030 (USD Million)
    • 7.4.3. Asia Pacific Market Estimates and Forecasts, by Train Type, 2018 - 2030 (USD Million)
    • 7.4.4. China
      • 7.4.4.1. China Market Estimates and Forecasts, by Product Type, 2018 - 2030 (USD Million)
      • 7.4.4.2. China Market Estimates and Forecasts, by Type, 2018 - 2030 (USD Million)
      • 7.4.4.3. China Market Estimates and Forecasts, by Train Type, 2018 - 2030 (USD Million)
    • 7.4.5. Japan
      • 7.4.5.1. Japan Market Estimates and Forecasts, by Product Type, 2018 - 2030 (USD Million)
      • 7.4.5.2. Japan Market Estimates and Forecasts, by Type, 2018 - 2030 (USD Million)
      • 7.4.5.3. Japan Market Estimates and Forecasts, by Train Type, 2018 - 2030 (USD Million)
    • 7.4.6. India
      • 7.4.6.1. India Market Estimates and Forecasts, by Product Type, 2018 - 2030 (USD Million)
      • 7.4.6.2. India Market Estimates and Forecasts, by Type, 2018 - 2030 (USD Million)
      • 7.4.6.3. India Market Estimates and Forecasts, by Train Type, 2018 - 2030 (USD Million)
  • 7.5. Latin America
    • 7.5.1. Latin America Market Estimates and Forecasts, by Product Type, 2018 - 2030 (USD Million)
    • 7.5.2. Latin America Market Estimates and Forecasts, by Type, 2018 - 2030 (USD Million)
    • 7.5.3. Latin America Market Estimates and Forecasts, by Train Type, 2018 - 2030 (USD Million)
    • 7.5.4. Brazil
      • 7.5.4.1. Brazil Market Estimates and Forecasts, by Product Type, 2018 - 2030 (USD Million)
      • 7.5.4.2. Brazil Market Estimates and Forecasts, by Type, 2018 - 2030 (USD Million)
      • 7.5.4.3. Brazil Market Estimates and Forecasts, by Train Type, 2018 - 2030 (USD Million)
    • 7.5.5. Mexico
      • 7.5.5.1. Mexico Market Estimates and Forecasts, by Product Type, 2018 - 2030 (USD Million)
      • 7.5.5.2. Mexico Market Estimates and Forecasts, by Type, 2018 - 2030 (USD Million)
      • 7.5.5.3. Mexico Market Estimates and Forecasts, by Train Type, 2018 - 2030 (USD Million)
  • 7.6. Middle East & Africa
    • 7.6.1. Middle East & Africa Market Estimates and Forecasts, by Product Type, 2018 - 2030 (USD Million)
    • 7.6.2. Middle East & Africa Market Estimates and Forecasts, by Type, 2018 - 2030 (USD Million)
    • 7.6.3. Middle East & Africa Market Estimates and Forecasts, by Train Type, 2018 - 2030 (USD Million)

Chapter 8. Competitive Analysis

  • 8.1 Recent Developments and Impact Analysis, by Key Market Participants
  • 8.2 Company/Competition Categorization
  • 8.3 Vendor Landscape
    • 8.3.1 Key Company Ranking Analysis, 2022

Chapter 9. Competitive Landscape

  • 9.1. CRRC Corporation Limited.
    • 9.1.1. Company Overview
    • 9.1.2. Financial Performance
    • 9.1.3. Product Benchmarking
    • 9.1.4. Recent Developments
  • 9.2. Trinity Rail
    • 9.2.1. Company Overview
    • 9.2.2. Financial Performance
    • 9.2.3. Recent Developments
  • 9.3. Alstom Transport
    • 9.3.1. Company Overview
    • 9.3.2. Financial Performance
    • 9.3.3. Product Benchmarking
    • 9.3.4. Recent Developments
  • 9.4. GE Transportation
    • 9.4.1. Company Overview
    • 9.4.2. Financial Performance
    • 9.4.3. Product Benchmarking
    • 9.4.4. Recent Developments
  • 9.5. Siemens Mobility
    • 9.5.1. Company Overview
    • 9.5.2. Financial Performance
    • 9.5.3. Product Benchmarking
    • 9.5.4. Recent Developments
  • 9.6. Stadler Rail AG
    • 9.6.1. Company Overview
    • 9.6.2. Product Benchmarking
    • 9.6.3. Recent Developments
  • 9.7. Hitachi Rail Systems
    • 9.7.1. Company Overview
    • 9.7.2. Product Benchmarking
    • 9.7.3. Recent Developments
  • 9.8. The Greenbrier Co.
    • 9.8.1. Company Overview
    • 9.8.2. Financial Performance
    • 9.8.3. Product Benchmarking
    • 9.8.4. Recent Developments
  • 9.9. Hyundai Rotem
    • 9.9.1. Company Overview
    • 9.9.2. Financial Performance
    • 9.9.3. Product Benchmarking
    • 9.9.4. Recent Developments
Product Code: GVR-2-68038-322-5

List of Tables

  • TABLE 1 Rolling stock market - Industry snapshot & key buying criteria, 2022 - 2030
  • TABLE 2 Global rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 3 Global rolling stock market, by region, 2018 - 2030 (USD Million)
  • TABLE 4 Global rolling stock market, by product, 2018 - 2030 (USD Million)
  • TABLE 5 Global rolling stock market, by type, 2018 - 2030 (USD Million)
  • TABLE 6 Global rolling stock market, by train type, 2018 - 2030 (USD Million)
  • TABLE 7 Operation mode of the rolling stock market
  • TABLE 8 Rolling stock - Key market driver impact
  • TABLE 9 Rolling stock - Key market restraint impact
  • TABLE 10 Rolling stock - Key market challenge impact
  • TABLE 11 Rolling stock- Key technologies
  • TABLE 12 Locomotive in the rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 13 Locomotive in rolling stock market, by region, 2018 - 2030 (USD Million)
  • TABLE 14 Rapid transit vehicle in the rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 15 Rapid transit vehicle in rolling stock market, by region, 2018 - 2030 (USD Million)
  • TABLE 16 Wagon in the rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 17 Wagon in rolling stock market, by region, 2018 - 2030 (USD Million)
  • TABLE 18 Diesel vehicle in rolling stock, by, 2018 - 2030 (USD Million)
  • TABLE 19 Diesel vehicle in rolling stock market, by region, 2018 - 2030 (USD Million)
  • TABLE 20 Electric vehicle in rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 21 Electric vehicle in the rolling stock market, by region, 2018 - 2030 (USD Million)
  • TABLE 22 Rail freight in rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 23 Rail freight in rolling stock market, by region, 2018 - 2030 (USD Million)
  • TABLE 24 Passenger rail in rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 25 Passenger rail in rolling stock market, by region, 2018 - 2030 (USD Million)
  • TABLE 26 North America rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 27 North America rolling stock market, by product, 2018 - 2030 (USD Million)
  • TABLE 28 North America rolling stock market, by type, 2018 - 2030 (USD Million)
  • TABLE 29 North America rolling stock market, by train type, 2018 - 2030 (USD Million)
  • TABLE 30 U.S. rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 31 U.S. rolling stock market, by product, 2018 - 2030 (USD Million)
  • TABLE 32 U.S. rolling stock market, by type, 2018 - 2030 (USD Million)
  • TABLE 33 U.S. rolling stock market, by train type, 2018 - 2030 (USD Million)
  • TABLE 34 Canada rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 35 Canada rolling stock market, by product, 2018 - 2030 (USD Million)
  • TABLE 36 Canada rolling stock market, by type, 2018 - 2030 (USD Million)
  • TABLE 37 Canada rolling stock market, by train type, 2018 - 2030 (USD Million)
  • TABLE 38 Europe rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 39 Europe rolling stock market, by product, 2018 - 2030 (USD Million)
  • TABLE 40 Europe rolling stock market, by type, 2018 - 2030 (USD Million)
  • TABLE 41 Europe rolling stock market, by train type, 2018 - 2030 (USD Million)
  • TABLE 42 U.K. rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 43 U.K. rolling stock market, by product, 2018 - 2030 (USD Million)
  • TABLE 44 U.K. rolling stock market, by type, 2018 - 2030 (USD Million)
  • TABLE 45 U.K. rolling stock market, by train type, 2018 - 2030 (USD Million)
  • TABLE 46 Germany rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 47 Germany rolling stock market, by product, 2018 - 2030 (USD Million)
  • TABLE 48 Germany rolling stock market, by type, 2018 - 2030 (USD Million)
  • TABLE 49 Germany rolling stock market, by train type, 2018 - 2030 (USD Million)
  • TABLE 50 Russia rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 51 Russia rolling stock market, by product, 2018 - 2030 (USD Million)
  • TABLE 52 Russia rolling stock market, by type, 2018 - 2030 (USD Million)
  • TABLE 53 Russia rolling stock market, by train type, 2018 - 2030 (USD Million)
  • TABLE 54 Asia Pacific rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 55 Asia Pacific rolling stock market, by product, 2018 - 2030 (USD Million)
  • TABLE 56 Asia Pacific rolling stock market, by type, 2018 - 2030 (USD Million)
  • TABLE 57 Asia Pacific rolling stock market, by train type, 2018 - 2030 (USD Million)
  • TABLE 58 China rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 59 China rolling stock market, by product, 2018 - 2030 (USD Million)
  • TABLE 60 China rolling stock market, by type, 2018 - 2030 (USD Million)
  • TABLE 61 China rolling stock market, by train type, 2018 - 2030 (USD Million)
  • TABLE 62 Japan rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 63 Japan rolling stock market, by product, 2018 - 2030 (USD Million)
  • TABLE 64 Japan rolling stock market, by type, 2018 - 2030 (USD Million)
  • TABLE 65 Japan rolling stock market, by train type, 2018 - 2030 (USD Million)
  • TABLE 66 India rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 67 India rolling stock market, by product, 2018 - 2030 (USD Million)
  • TABLE 68 India rolling stock market, by type, 2018 - 2030 (USD Million)
  • TABLE 69 India rolling stock market, by train type, 2018 - 2030 (USD Million)
  • TABLE 70 Latin America rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 71 Latin America rolling stock market, by product, 2018 - 2030 (USD Million)
  • TABLE 72 Latin America rolling stock market, by type, 2018 - 2030 (USD Million)
  • TABLE 73 Latin America rolling stock market, by train type, 2018 - 2030 (USD Million)
  • TABLE 74 Brazil rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 75 Brazil rolling stock market, by product, 2018 - 2030 (USD Million)
  • TABLE 76 Brazil rolling stock market, by type, 2018 - 2030 (USD Million)
  • TABLE 77 Brazil rolling stock market, by train type, 2018 - 2030 (USD Million)
  • TABLE 78 Mexico rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 79 Mexico rolling stock market, by product, 2018 - 2030 (USD Million)
  • TABLE 80 Mexico rolling stock market, by type, 2018 - 2030 (USD Million)
  • TABLE 81 Mexico rolling stock market, by train type, 2018 - 2030 (USD Million)
  • TABLE 82 MEA rolling stock market, 2018 - 2030 (USD Million)
  • TABLE 83 MEA rolling stock market, by product, 2018 - 2030 (USD Million)
  • TABLE 84 MEA rolling stock market, by type, 2018 - 2030 (USD Million)
  • TABLE 85 MEA rolling stock market, by technology, 2018 - 2030 (USD Million) 

List of Figures

  • FIG. 1 Market segmentation and scope
  • FIG. 2 Global rolling stock market, 2018 - 2030 (USD Million)
  • FIG. 3 Rolling stock - Value chain analysis
  • FIG. 4 Entity value structure
  • FIG. 5 Rolling stock - Market dynamics
  • FIG. 6 Improvement in locomotive fuel efficiency
  • FIG. 7 Rolling stock - Company ranking analysis, 2022
  • FIG. 8 Key opportunities prioritized
  • FIG. 9 Rolling stock market - Porter's five forces analysis
  • FIG. 10 Rolling stock market - PESTEL analysis
  • FIG. 11 Rolling stock market share, by product, 2022 & 2030
  • FIG. 12 Rolling stock market share, by type, 2022 & 2030
  • FIG. 13 Rolling stock market share, by train type, 2022 & 2030
  • FIG. 14 Rolling stock market share, by region, 2022 & 2030
  • FIG. 15 Rolling stock market - Key takeaways
  • FIG. 16 North America rolling stock market - Key takeaways
  • FIG. 17 Europe rolling stock market - Key takeaways
  • FIG. 18 The Asia Pacific rolling stock market - Key takeaways
  • FIG. 19 Latin America Rolling Stock market - Key takeaways
  • FIG. 20 MEA rolling stock market - Key takeaways
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