Rolling Stock Market:
Growth Opportunities in the global rolling stock market look promising over the next six years. The increasing number of working populations, rapid urbanization, and strong demand for secure, safe, and energy-effective transportation modes are the key factors that are driving the growth of the global rolling stock market.
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Rolling Stock Market’s leading Manufacturers:
- CRRC Corporation Limited
- Bombardier Inc.
- Alstom SA
- Schaeffler AG
- Siemens AG
- Kawasaki Heavy Industries, Ltd.
- Transmashholding
- Stadler Rail AG
- Construcciones y Auxiliar de Ferrocarriles, S.A.
- Hyundai Motor Group
- Motherson Rolling Stock Systems GB Limited
Rolling Stock Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Some of the primary factors responsible for the growth of the rolling stock market include the increasing number of working populations, rapid urbanization, and strong demand for secure, safe, and energy-effective transportation mode. These factors are projected to fuel the demand for rail vehicles, such as local passenger rails, trains, trams, and other rolling stocks in the upcoming years. Moreover, various government initiatives to encourage public transport, cost-effectiveness and comfortability of trains, increasing environmental concerns, and growing preference for high-speed trains instead of conventional trains among individuals are the major factors propelling the growth of the rolling stock market share in term of revenue.
Locomotives are rapidly used by various industries that include agriculture, automotive, construction, oil & gas, manufacturing, and mining as an economical and faster transportation mode for taking bulky goods over long distances. In addition to this, technological advancements, such as the launch of speed and fuel-efficient locomotives, the introduction of regenerative braking technology in locomotives, and the development of automated trains, will create various lucrative opportunities for the market. On the other hand, the factor hindering the growth of the rolling stock market includes increasing capital investment to develop and refurbish the railway infrastructure.
Regional Drivers
Based on the region, the Asia-Pacific region is projected to dominate the market during the forecast period due to developing economies like India, China, South Korea, and Japan, followed by the strong demand for rail vehicles for transporting goods passengers. Increasing population and rising public and private investments in the advancement of metro and electric trains will further contribute to the growth of the market. On the other hand, North America is expected to increase at a higher CAGR during the forecast period due to the rising demand of high-speed trains, rapid economic development, and the increasing usage of rolling stock in various sectors, such as mining, oil & gas, and construction industries.
Rolling Stock 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:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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