Market Overview

The global Rolling Stock market size was valued at USD 56,000 million in 2022 and is projected to reach USD 69,000 million by 2033, growing at a CAGR of 3.8% during the forecast period.

Report Scope

Report Attributes	Description
Market Forecast in 2022	USD 56,000 million
Market Forecast in 2033	USD 69,000 million
CAGR % 2023-2033	3.8%
Base Year	2022
Historic Data	2020-2021
Forecast Period	2023-2033
Report USP	Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more
Key Companies	Siemens Mobility; Alstom; Bombardier Transportation; CRRC Corporation Limited; General Electric (GE) Transportation; Kawasaki Heavy Industries; Stadler Rail; Hyundai Rotem; CAF (Construcciones y Auxiliar de Ferrocarriles); Hitachi Rail

Rolling Stock Market- Description

The rolling stock market refers to the market for railway vehicles, including locomotives, coaches, wagons, and other related equipment. Rolling stock plays a crucial role in the transportation of passengers and goods on railways, and the market encompasses both new vehicles and aftermarket services.

The rolling stock market has been witnessing significant growth globally, driven by various factors such as increasing urbanization, population growth, and the need for efficient and sustainable transportation systems. Governments and railway operators worldwide are investing in the expansion and modernization of their railway networks, which has fueled the demand for rolling stock.

There is a growing emphasis on electrification in the rolling stock market as a means to reduce carbon emissions and achieve sustainability goals. Many countries are shifting towards electric and hybrid locomotives, eliminating or reducing the reliance on diesel-powered trains.

This trend is expected to continue, with advancements in battery technology and infrastructure supporting the adoption of electric rolling stock. The rolling stock industry is undergoing digital transformation, integrating technologies such as Internet of Things (IoT), artificial intelligence (AI), and big data analytics.

These advancements enable remote monitoring and predictive maintenance of rolling stock, leading to improved operational efficiency and reduced downtime. Automation is also being explored for train control systems, improving safety and capacity on rail networks.

Rolling Stock market: Key Trends

• Maintenance and Service Solutions

Alongside the manufacturing of rolling stock, aftermarket services such as maintenance, repair, and overhaul (MRO) are essential in the market. Rolling stock operators are increasingly outsourcing their maintenance requirements to specialized service providers, leading to the growth of the MRO sector. Predictive maintenance technologies, supported by data analytics and condition monitoring, are becoming crucial for ensuring optimal performance and minimizing downtime.

• International Market Expansion

The rolling stock market is witnessing increasing international market expansion, with manufacturers and suppliers seeking opportunities in emerging economies. Countries like India, Brazil, and Southeast Asian nations are investing heavily in railway infrastructure development, presenting growth prospects for rolling stock manufacturers. Additionally, cross-border collaborations and partnerships are becoming more common to leverage technological expertise and market reach.

Rolling Stock market: Segmental Analysis

Product Type
• Locomotive
• Rapid Transit
• Coach

Application
• Passenger Transportation
• Freight transportation

Rolling Stock market: Geographical landscape

The rolling stock market in North America is primarily driven by the demand for freight transportation and urban transit systems. The United States and Canada are major contributors to the market. Key factors influencing the market include government investments in rail infrastructure, increasing focus on sustainability, and technological advancements in rolling stock. Europe has a well-established rolling stock market with a significant presence of major manufacturers and operators.

Countries like Germany, France, and the United Kingdom are key players in this region. The market is driven by factors such as the expansion of rail networks, high-speed rail projects, and the emphasis on energy-efficient and environmentally friendly trains. The Asia Pacific region has witnessed substantial growth in the rolling stock market due to rapid urbanization, population growth, and infrastructure development.

Countries like China, India, Japan, and South Korea are major contributors to the market. Factors driving the market include the expansion of metro rail systems, high-speed rail projects, and government initiatives to promote rail transportation.

Rolling Stock Market- Impact of COVID 19

With travel restrictions, lockdowns, and social distancing measures implemented worldwide, the demand for public transportation plummeted. People were advised to stay at home, and non-essential travel was discouraged. As a result, the demand for new rolling stock vehicles declined sharply. Many planned procurement projects for rolling stock were delayed or put on hold due to the uncertainty caused by the pandemic.

Transit authorities and governments faced financial challenges and prioritized funds towards pandemic response measures, leading to delays in the procurement of new rolling stock. Public transportation operators experienced significant financial challenges during the pandemic. Reduced ridership, lower fare revenues, and increased costs for cleaning and safety measures strained their budgets. These financial constraints limited their ability to invest in new rolling stock or carry out necessary maintenance and upgrades.

The pandemic disrupted global supply chains, causing delays and shortages in the manufacturing and delivery of rolling stock. Factory closures, reduced production capacities, and logistical challenges affected the availability of components and materials necessary for the production of rolling stock vehicles.

Rolling Stock Market: Key Companies

• Siemens Mobility
• Alstom
• Bombardier Transportation
• CRRC Corporation Limited
• General Electric (GE) Transportation
• Kawasaki Heavy Industries
• Stadler Rail
• Hyundai Rotem
• CAF (Construcciones y Auxiliar de Ferrocarriles)
• Hitachi Rail
• Others

Rolling Stock Market: Regional Scope

North America
• U.S.
• Canada
• Mexico

Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific

South America
• Brazil
• Argentina
• Rest of South America

Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa

Quality Assurance Process

1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process

We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:

• Project kickoff meeting with client
• Conduct frequent client communications
• Form project steering committee
• Assign a senior SR executive as QA Executive
• Conduct internal editorial & quality reviews of project deliverables
• Certify project staff in SR methodologies & standards
• Monitor client satisfaction
• Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.

Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.

Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.