Rolling Stock Global Market Report 2024

Description

“Rolling Stock Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on rolling stock market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for rolling stock? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The rolling stock market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product: Locomotive; Rapid Transit Vehicle; Wagon
2) By Locomotive Technology: Conventional Locomotive; Turbocharge Locomotive; Maglev; Diesel Locomotive; Electric Locomotive; Electro-Diesel Locomotive
3) By Component: Pantograph; Axle; Wheelset; Traction Motor; Auxiliary Power System; Other Components
4) By End User: Passenger Transit; Cargo Train
Companies Mentioned: Alstom Holdings SA; Bombardier Inc.; Construcciones y Auxiliar de Ferrocarriles SA; CRRC Corporation Ltd.; GE Transportation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Rolling stock refers to wheeled vehicles owned and utilized by a railroad or motor carrier, designed to optimize passenger capacity, enhance safety and security, and improve overall operational efficiency.

The primary product categories in the rolling stock market include locomotives, rapid transit vehicles, and wagons. Locomotive rolling stock can be powered by diesel oil or electricity. In the case of diesel-powered locomotives, an internal combustion engine burns heavy diesel oil to generate energy for the locomotion. Different locomotive technologies encompass conventional locomotives, turbocharged locomotives, and maglev (magnetic levitation) trains. Various components are involved in locomotive systems, such as pantographs, axles, wheelsets, traction motors, auxiliary power systems, among others. The end-users of rolling stock include both passenger transit and cargo trains.

The rolling stock market research report is one of a series of new reports from The Business Research Company that provides rolling stock market statistics, including rolling stock industry global market size, regional shares, competitors with share, detailed rolling stock market segments, market trends and opportunities, and any further data you may need to thrive in the rolling stock industry. This rolling stock market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The rolling stock market size has grown strongly in recent years. It will grow from $58. 65 billion in 2023 to $62. 67 billion in 2024 at a compound annual growth rate (CAGR) of 6. 8%. The growth observed in the historical period can be attributed to increased demand for mass transportation, a rise in the demand for intermodal transportation, the development of rail transportation systems, and the need for efficient and reliable transportation.

The rolling stock market size is expected to see strong growth in the next few years. It will grow to $82. 3 billion in 2028 at a compound annual growth rate (CAGR) of 7. 1%. The anticipated growth in the forecast period can be attributed to the growth of urbanization, rising population density, increasing use of automation and digitalization in rolling stock, sustainable energy integration, and increased connectivity with IoT (Internet of Things) integration. Major trends expected in the forecast period include the electrification of rail networks, the adoption of maglev technology, a focus on energy efficiency, the integration of artificial intelligence, and the development of modular and customized rolling stock.

The rolling stock market is anticipated to experience growth, driven by the increasing demand for energy-efficient transport systems. The pursuit of efficient transportation solutions, which save time, money, and energy, is contributing to the rise in demand for rolling stocks used in trains. These rolling stocks play a significant role in reducing energy consumption, aligning with the growing demand for energy efficiency in transport systems. An example of this trend is evident in India, where the Council On Energy, Environment And Water predicts that by 2030, one-third of four-wheelers and half of two-wheelers sold would be electric, with figures climbing to 75% and 90% by 2050, highlighting the emphasis on energy-efficient transport systems and boosting the rolling stock market.

The rolling stock market is poised for growth due to the increase in urbanization and population. Urbanization, marked by the concentration of population in urban areas, is driving the demand for efficient and eco-friendly transportation modes, such as rolling stock. These trains and rail vehicles offer a sustainable and space-saving solution for mass transit, particularly in rapidly growing urban areas facing challenges like traffic congestion and pollution. The World Bank reports that over 50% of the global population lives in urban areas in 2022, and this figure is expected to increase to 6 billion by 2045, underscoring the crucial role of rolling stock in addressing urban transportation needs.

A noteworthy trend in the rolling stock market is the conversion of diesel locomotives to electric and electro-diesel locomotives. This trend is gaining popularity due to the longer lifespan achieved after conversion, with electric and electro-diesel locomotives extending the operational life by 5-10 years compared to diesel locomotives. An illustration of this trend is seen in the Ministry of Railways' decision to downsize the fleet of diesel locomotives and increase the fleet of electric locomotives within Indian Railways.

Major companies in the rolling stock market are actively pursuing strategic partnerships and collaborations to fortify their market positions. In a notable example from September 2022, Sweden-based bearing and seal manufacturing company AB SKF and Germany-based Televic GSP, a provider of innovative railway passenger information and communication systems, strategically collaborated. This partnership aims to enhance rolling stock reliability and reduce maintenance costs through next-generation condition monitoring and data analysis. The collaboration also seeks to drive development and innovation in advancing condition-based maintenance capabilities for rolling stock operators.

In January 2021, the acquisition of Bombardier Transportation by France-based rolling stock manufacturer Alstom. The undisclosed acquisition is geared towards expanding product portfolios, enhancing R&D capabilities, and providing an extensive commercial reach. By integrating Bombardier Transportation, Alstom aims to strengthen its leadership in the sustainable mobility market, achieving critical size in all geographies and offering enhanced solutions and assets to customers worldwide.

Major companies operating in the in the rolling stock market report are Alstom Holdings SA, Bombardier Inc., Construcciones y Auxiliar de Ferrocarriles SA, CRRC Corporation Ltd., GE Transportation, Hitachi Ltd., Hyundai Rotem Company, Kawasaki Heavy Industries Ltd., Siemens AG, Stadler Rail AG, Transmash Holding, Electro-Motive Diesel Ltd., Skoda Transportation AS, Talgo SA, Trinity Industries Inc., Wabtec Corporation, Ansaldo STS, PESA Bydgoszcz SA, Newag SA, MAPNA Group, Nippon Sharyo Ltd., Caterpillar, IHI Corporation, Tatravagonka A. S., Virgin Hyperloop, Transpod Inc., Subaru Corporation, Texmaco Rail & Engineering Ltd., Alna Sharyo Co. Ltd., Pesa Group

Asia-Pacific was the largest region in the rolling stock market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the rolling stock market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the rolling stock market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The rolling stock market consists of sales of powered locomotives, unpowered freight wagons, and passenger coaches. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10563

1. Executive Summary

2. Rolling Stock Market Characteristics

3. Rolling Stock Market Trends And Strategies

4. Rolling Stock Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Rolling Stock Market Size and Growth

5.1. Global Rolling Stock Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Rolling Stock Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Rolling Stock Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Rolling Stock Market Segmentation

6.1. Global Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Locomotive
Rapid Transit Vehicle
Wagon
6.2. Global Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Conventional Locomotive
Turbocharge Locomotive
Maglev
Diesel Locomotive
Electric Locomotive
Electro-Diesel Locomotive
6.3. Global Rolling Stock Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Pantograph
Axle
Wheelset
Traction Motor
Auxiliary Power System
Other Components
6. 4. Global Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Passenger Transit
Cargo Transit

7. Rolling Stock Market Regional And Country Analysis

7.1. Global Rolling Stock Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Rolling Stock Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Rolling Stock Market

8.1. Asia-Pacific Rolling Stock Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Rolling Stock Market

9.1. China Rolling Stock Market Overview
9.2. China Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Rolling Stock Market

10.1. India Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Rolling Stock Market

11.1. Japan Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Rolling Stock Market

12.1. Australia Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Rolling Stock Market

13.1. Indonesia Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Rolling Stock Market

14.1. South Korea Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Rolling Stock Market

15.1. Western Europe Rolling Stock Market Overview
15.2. Western Europe Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Rolling Stock Market

16.1. UK Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Rolling Stock Market

17.1. Germany Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Rolling Stock Market

18. 5. France Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Rolling Stock Market

19. 9. Italy Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Rolling Stock Market

20.13. Spain Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Rolling Stock Market

21.1. Eastern Europe Rolling Stock Market Overview
21.2. Eastern Europe Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Rolling Stock Market

22.1. Russia Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Rolling Stock Market

23.1. North America Rolling Stock Market Overview
23.2. North America Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Rolling Stock Market

24.1. USA Rolling Stock Market Overview
24.2. USA Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Rolling Stock Market

25.1. Canada Rolling Stock Market Overview
25.2. Canada Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Rolling Stock Market

26.1. South America Rolling Stock Market Overview
26.2. South America Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Rolling Stock Market

27.1. Brazil Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Rolling Stock Market

28.1. Middle East Rolling Stock Market Overview
28.2. Middle East Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Rolling Stock Market

29.1. Africa Rolling Stock Market Overview
29.2. Africa Rolling Stock Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Rolling Stock Market, Segmentation By Locomotive Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Rolling Stock Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Rolling Stock Market Competitive Landscape And Company Profiles

30.1. Rolling Stock Market Competitive Landscape
30.2. Rolling Stock Market Company Profiles
- 30.2.1. Alstom Holdings SA
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. Bombardier Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Construcciones y Auxiliar de Ferrocarriles SA
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. CRRC Corporation Ltd.
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. GE Transportation
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Rolling Stock Market Competitive Benchmarking

32. Global Rolling Stock Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Rolling Stock Market

34. Rolling Stock Market Future Outlook and Potential Analysis

34.1 Rolling Stock Market In 2028 - Countries Offering Most New Opportunities
34.2 Rolling Stock Market In 2028 - Segments Offering Most New Opportunities
34. 3 Rolling Stock Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer