The global rolling stock market is projected to grow at a CAGR of over 4% during 2021-2026. Approval of new railway lines and high-speed railway projects coupled with the growing need for energy-efficient transport are the major factors expected to fuel the market. Rolling stock is referred to as any wheeled vehicle running on a railway track, like locomotives, passenger coaches, and freight wagons. Rolling stock has facilitated easy transportation with benefits such as cost-effectiveness, reliability, and comfort. Thus, the demand for rolling stock has been on a steady rise over the past few years and this trend will continue during the forecast period. Moreover, government initiatives to promote public transport as a means of reducing traffic congestion and pollution are also bolstering the global rolling stock market.
Based on locomotive technology, the global rolling stock market has been categorized into conventional locomotives, turbocharge locomotives, and maglev. The turbocharge locomotive category accounts for the largest share among all the locomotive technology types, majorly owing to the increasing power offered by turbocharge locomotives with no additional fuel costs.
In terms of product type, the market has been categorized into electric locomotive, diesel locomotive, EMU, DMU, electro-diesel locomotive, subway/metro, light rail/tram, wagon, and coach. Owing to the growing demand for dedicated freight corridors in a country, the EMU category is anticipated to capture the largest market share in the coming years.
The rolling stock market is well-established in Western European and North American countries and is expected to grow linearly during the forecast period. Emerging economies such as India, Brazil, China, and Iran are expected to become the most lucrative markets for global rolling stock players, backed by rapidly expanding industries and government initiatives aimed at developing advanced railway transport systems in these countries. Moreover, regional governments in the Middle East & Africa, and South America have already launched several programs to improve and expand their railway networks, thereby offering further growth opportunities to market players.
The global rolling stock market is consolidated in nature due to the increasing number of mergers & acquisitions. Some of the leading players in the global rolling stock market are CRRC Corporation Limited, Bombardier Inc., CAF, Alstom SA, Trinity Industries, Kawasaki Heavy Industries Ltd., and others.
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022-2026
The objective of the Study:
- To analyze and forecast the global rolling stock market size.
- To classify and forecast the global rolling stock market based on product type, application, locomotive technology, and regional distribution.
- To identify drivers and challenges for the global rolling stock market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global rolling stock market.
- To conduct the pricing analysis for the global rolling stock market.
- To identify and analyze the profile of leading players operating in the global rolling stock market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of rolling stock vendors across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major rolling stock manufacturers across the globe.
TechSci Research calculated global rolling stock market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Locomotive manufacturers
- Railway contractors
- Railway organizations
- Raw material suppliers of rolling stock
- Rolling stock component manufacturers
- Organizations, forums and alliances related to rolling stocks
- Government bodies such as regulating authorities and policymakers
- Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global rolling stock market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, by Product Type:
- Diesel Locomotive
- Electric Locomotive
- Electro-diesel Locomotive
- DMU
- EMU
- Light Rail/Tram
- Subway/Metro
- Coach
- Wagon
- Market, by Application:
- Passenger Coach
- Freight Wagon
- Market, by Locomotive Technology:
- Conventional Locomotive
- Turbocharge Locomotive
- Maglev
- Market, by Region:
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Thailand
- Indonesia
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Chile
- Middle East and Africa
- South Africa
- Iran
- Egypt
- Turkey
- Asia-Pacific
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global rolling stock market.
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Table of Content
- Product Overview
- Research Methodology
- Executive Summary
- Impact of COVID-19 on the Global Rolling Stock Market
- Voice of Customer
5.1. Factors considered while selecting a supplier
5.2. Product awareness and applicability & usage analysis
5.3. Challenges/issues faced post-purchase
5.4. Unmet needs
- Global Rolling Stock Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Product Type (Diesel Locomotive, Electric Locomotive, Electro-diesel Locomotive, DMU, EMU, Light Rail/Tram, Subway/Metro, Coach and Wagon)
6.2.2. By Application (Passenger Coach and Freight Wagon)
6.2.3. By Locomotive Technology (Conventional Locomotive, Turbocharge Locomotive and Maglev)
6.2.4. By Region (APAC, Europe, North America, South America, MEA)
6.2.5. By Company (2020)
6.3. Market Attractiveness Index (By Product Type, By Application, By Locomotive Technology)
- Asia-Pacific Rolling Stock Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By Application
7.2.3. By Country
7.3. Asia-Pacific: Country Analysis
7.3.1. China Rolling Stock Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Product Type
7.3.1.2.2. By Application
7.3.2. Japan Rolling Stock Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Product Type
7.3.2.2.2. By Application
7.3.3. India Rolling Stock Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Product Type
7.3.3.2.2. By Application
7.3.4. South Korea Rolling Stock Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Product Type
7.3.4.2.2. By Application
7.3.5. Australia Rolling Stock Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Product Type
7.3.5.2.2. By Application
7.3.6. Thailand Rolling Stock Market Outlook
7.3.6.1. Market Size & Forecast
7.3.6.1.1. By Value
7.3.6.2. Market Share & Forecast
7.3.6.2.1. By Product Type
7.3.6.2.2. By Application
7.3.7. Indonesia Rolling Stock Market Outlook
7.3.7.1. Market Size & Forecast
7.3.7.1.1. By Value
7.3.7.2. Market Share & Forecast
7.3.7.2.1. By Product Type
7.3.7.2.2. By Application
- Europe Rolling Stock Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By Application
8.2.3. By Country
8.3. Europe: Country Analysis
8.3.1. Germany Rolling Stock Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Product Type
8.3.1.2.2. By Application
8.3.2. United Kingdom Rolling Stock Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Product Type
8.3.2.2.2. By Application
8.3.3. France Rolling Stock Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Product Type
8.3.3.2.2. By Application
8.3.4. Italy Rolling Stock Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Product Type
8.3.4.2.2. By Application
8.3.5. Spain Rolling Stock Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Product Type
8.3.5.2.2. By Application
- North America Rolling Stock Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By Application
9.2.3. By Country
9.3. North America: Country Analysis
9.3.1. United States Rolling Stock Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Product Type
9.3.1.2.2. By Application
9.3.2. Canada Rolling Stock Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Product Type
9.3.2.2.2. By Application
9.3.3. Mexico Rolling Stock Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Product Type
9.3.3.2.2. By Application