Global Rolling Stock Market Size, Share & Trends Analysis Report By Type (Diesel, and Electric), By Product (Wagon, Rapid Transport, and Locomotive), By Train Type (Rail Freight, and Passenger Rail), By Regional Outlook and Forecast, 2023 - 2030

Global Rolling Stock Market Size, Share & Trends Analysis Report By Type (Diesel, and Electric), By Product (Wagon, Rapid Transport, and Locomotive), By Train Type (Rail Freight, and Passenger Rail), By Regional Outlook and Forecast, 2023 - 2030


The Global Rolling Stock Market size is expected to reach $81.3 billion by 2030, rising at a market growth of 5.2% CAGR during the forecast period.

High-speed rail development is an emerging trend in North America, with discussions and plans for high-speed rail corridors in certain regions. Consequently, North America region captured $13,029.3 million revenue in the market in 2022. The Intermodal transportation, which involves the seamless transfer of commodities between different modes of transportation, is widely used in North America. The extensive freight rail network connects the United States and Canada, facilitating cross-border movement of goods.

The growth of e-commerce has led to a surge in the demand for freight transportation to move goods from distribution centers to fulfillment centers and, ultimately, to end consumers. Rail freight, with its high capacity and efficiency, becomes a preferred mode of transportation, driving the demand for freight the stock. Inland ports benefit from rail connectivity, which acts as hubs for transferring goods between different transportation modes. Additionally, Maintenance services ensure these stock’s proper functioning and longevity. Regular inspections, maintenance, and component replacements increase the life of trains and other rail vehicles, resulting in a more sustainable and cost-effective operation. Providing training programs for maintenance personnel is a vital aspect of aftermarket services. Ensuring maintenance teams are well-trained on the latest technologies and best practices contributes to effective and efficient stock maintenance. Hence, growing maintenance and aftermarket services has been a pivotal factor in driving the growth of the market.

However, the high costs associated with purchasing new stocks may limit the capacity of rail operators to expand their fleets. This limitation can impact the ability to meet the growing demand for passenger services or freight transport, leading to potential service constraints. Rail networks often have aged the stocks that requires replacement for safety, efficiency, and environmental reasons. Private investors may be hesitant to commit to large-scale stocks projects, impacting the overall financing landscape for the market. Modernizing rail networks with new stocks is essential for meeting safety, efficiency, and environmental standards. However, the high capital costs can act as a barrier to implementing modernization initiatives, limiting the overall progress of rail systems. Thus, high initial capital costs can slow down the growth of the market.

By Type Analysis

Based on type, the market is classified into diesel and electric. In 2022, the diesel segment witnessed the largest revenue share in the market. Diesel-powered stocks are well-suited for providing last-mile connectivity to areas where electrification ends. This is crucial for ensuring a comprehensive and connected rail network, allowing goods and passengers to be transported seamlessly between electrified and non-electrified sections of the rail system. Diesel-powered stock is used for emergency response and maintenance services. Mobile maintenance units and rescue trains, often equipped with diesel engines, can quickly reach locations where immediate assistance is required, ensuring the reliability and safety of the rail network.

By Product Analysis.

By product, the market is categorized into locomotive, rapid transport, and wagon. The rapid transport segment covered a considerable revenue share in the market in 2022. Rapid transport systems improve connectivity by efficiently linking major cities and regions. This connectivity fosters economic development, facilitates business activities, and strengthens social ties by making it easier for people and goods to move between locations. The introduction of rapid transport systems stimulates urban and regional development along the rail corridors. Improved accessibility to cities and regions served by high-speed rail can increase economic activities, job creation, and infrastructure development.

By Train Type Analysis

On the basis of train type, the market is divided into rail freight and passenger rail. In 2022, the rail freight segment dominated the market with maximum revenue share. Rail freight is known for its energy efficiency. Electrically powered freight trains can operate with high energy efficiency, especially by renewable energy sources. Energy-efficient transportation contributes to the overall sustainability of the freight industry. Rail freight is generally considered a safe mode of transportation, with lower accident rates than road transport. The fixed infrastructure, well-defined tracks, and standardized safety protocols contribute to minimizing accidents and incidents.

By Regional Analysis

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region led the market by generating the highest revenue share. Urbanization and population expansion are pivotal features of the Asia-Pacific region. Rapid urbanization has expanded metro systems and urban transit networks in major cities across the Asia Pacific region. There is a notable shift towards electrification in the market in the Asia Pacific region. The Asia Pacific region is witnessing technological advancements in the stock design and technology innovation.

Recent Strategies Deployed in the Market
  • Nov-2023: Siemens Mobility completed the acquisition of HMH, s.r.o., a Slovakian technology company offering the MIREL national train protection system. This acquisition enables Siemens Mobility to provide a comprehensive train protection portfolio for the region. Through this acquisition, HMH, is now part of Siemens Mobility's Rail Infrastructure business unit, marking a crucial step toward offering unified solutions for European rolling stock providers.
  • Nov-2023: Siemens Mobility introduced its newest rolling stock product with its first electric Mireo Smart train at the rail technology company’s factory in Krefeld, Germany. The Mireo Smart addresses evolving transportation needs and the increasing preference for rail mobility.
  • Mar-2023: Alstom SA extended its reach by initiating production of modern Movia metro trains for the Bhopal and Indore metro projects, serving over 5.7 million people. This expansion followed a contract with Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) for 156 metro cars, including maintenance for 15 years.
List of Key Companies Profiled
  • Alstom SA (Alstom Transport)
  • Kawasaki Heavy Industries, Ltd.
  • Siemens AG (Siemens Mobility)
  • Wabtec Corporation (GE Transportation)
  • Hitachi, Ltd. (Hitachi Rail Systems)
  • CRRC Corporation Limited
  • Hyundai Motor Company (Hyundai Rotem Company)
  • IHI Corporation (Dai-ichi Life)
  • Mitsubishi Heavy Industries Ltd. (Mitsubishi Power, Ltd.)
  • Trinity Industries, Inc. (TrinityRail)
Global Rolling Stock Market Report Segmentation

By Type
  • Diesel
  • Electric
By Product
  • Wagon
  • Rapid Transport
  • Locomotive
By Train Type
  • Rail Freight
  • Passenger Rail
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Rolling Stock Market, by Type
1.4.2 Global Rolling Stock Market, by Product
1.4.3 Global Rolling Stock Market, by Train Type
1.4.4 Global Rolling Stock Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies Deployed in Rolling Stock Market
Chapter 5. Global Rolling Stock Market by Type
5.1 Global Diesel Market by Region
5.2 Global Electric Market by Region
Chapter 6. Global Rolling Stock Market by Product
6.1 Global Wagon Market by Region
6.2 Global Rapid Transport Market by Region
6.3 Global Locomotive Market by Region
Chapter 7. Global Rolling Stock Market by Train Type
7.1 Global Rail Freight Market by Region
7.2 Global Passenger Rail Market by Region
Chapter 8. Global Rolling Stock Market by Region
8.1 North America Rolling Stock Market
8.1.1 North America Rolling Stock Market by Type
8.1.1.1 North America Diesel Market by Region
8.1.1.2 North America Electric Market by Region
8.1.2 North America Rolling Stock Market by Product
8.1.2.1 North America Wagon Market by Country
8.1.2.2 North America Rapid Transport Market by Country
8.1.2.3 North America Locomotive Market by Country
8.1.3 North America Rolling Stock Market by Train Type
8.1.3.1 North America Rail Freight Market by Country
8.1.3.2 North America Passenger Rail Market by Country
8.1.4 North America Rolling Stock Market by Country
8.1.4.1 US Rolling Stock Market
8.1.4.1.1 US Rolling Stock Market by Type
8.1.4.1.2 US Rolling Stock Market by Product
8.1.4.1.3 US Rolling Stock Market by Train Type
8.1.4.2 Canada Rolling Stock Market
8.1.4.2.1 Canada Rolling Stock Market by Type
8.1.4.2.2 Canada Rolling Stock Market by Product
8.1.4.2.3 Canada Rolling Stock Market by Train Type
8.1.4.3 Mexico Rolling Stock Market
8.1.4.3.1 Mexico Rolling Stock Market by Type
8.1.4.3.2 Mexico Rolling Stock Market by Product
8.1.4.3.3 Mexico Rolling Stock Market by Train Type
8.1.4.4 Rest of North America Rolling Stock Market
8.1.4.4.1 Rest of North America Rolling Stock Market by Type
8.1.4.4.2 Rest of North America Rolling Stock Market by Product
8.1.4.4.3 Rest of North America Rolling Stock Market by Train Type
8.2 Europe Rolling Stock Market
8.2.1 Europe Rolling Stock Market by Type
8.2.1.1 Europe Diesel Market by Country
8.2.1.2 Europe Electric Market by Country
8.2.2 Europe Rolling Stock Market by Product
8.2.2.1 Europe Wagon Market by Country
8.2.2.2 Europe Rapid Transport Market by Country
8.2.2.3 Europe Locomotive Market by Country
8.2.3 Europe Rolling Stock Market by Train Type
8.2.3.1 Europe Rail Freight Market by Country
8.2.3.2 Europe Passenger Rail Market by Country
8.2.4 Europe Rolling Stock Market by Country
8.2.4.1 Germany Rolling Stock Market
8.2.4.1.1 Germany Rolling Stock Market by Type
8.2.4.1.2 Germany Rolling Stock Market by Product
8.2.4.1.3 Germany Rolling Stock Market by Train Type
8.2.4.2 UK Rolling Stock Market
8.2.4.2.1 UK Rolling Stock Market by Type
8.2.4.2.2 UK Rolling Stock Market by Product
8.2.4.2.3 UK Rolling Stock Market by Train Type
8.2.4.3 France Rolling Stock Market
8.2.4.3.1 France Rolling Stock Market by Type
8.2.4.3.2 France Rolling Stock Market by Product
8.2.4.3.3 France Rolling Stock Market by Train Type
8.2.4.4 Russia Rolling Stock Market
8.2.4.4.1 Russia Rolling Stock Market by Type
8.2.4.4.2 Russia Rolling Stock Market by Product
8.2.4.4.3 Russia Rolling Stock Market by Train Type
8.2.4.5 Spain Rolling Stock Market
8.2.4.5.1 Spain Rolling Stock Market by Type
8.2.4.5.2 Spain Rolling Stock Market by Product
8.2.4.5.3 Spain Rolling Stock Market by Train Type
8.2.4.6 Italy Rolling Stock Market
8.2.4.6.1 Italy Rolling Stock Market by Type
8.2.4.6.2 Italy Rolling Stock Market by Product
8.2.4.6.3 Italy Rolling Stock Market by Train Type
8.2.4.7 Rest of Europe Rolling Stock Market
8.2.4.7.1 Rest of Europe Rolling Stock Market by Type
8.2.4.7.2 Rest of Europe Rolling Stock Market by Product
8.2.4.7.3 Rest of Europe Rolling Stock Market by Train Type
8.3 Asia Pacific Rolling Stock Market
8.3.1 Asia Pacific Rolling Stock Market by Type
8.3.1.1 Asia Pacific Diesel Market by Country
8.3.1.2 Asia Pacific Electric Market by Country
8.3.2 Asia Pacific Rolling Stock Market by Product
8.3.2.1 Asia Pacific Wagon Market by Country
8.3.2.2 Asia Pacific Rapid Transport Market by Country
8.3.2.3 Asia Pacific Locomotive Market by Country
8.3.3 Asia Pacific Rolling Stock Market by Train Type
8.3.3.1 Asia Pacific Rail Freight Market by Country
8.3.3.2 Asia Pacific Passenger Rail Market by Country
8.3.4 Asia Pacific Rolling Stock Market by Country
8.3.4.1 China Rolling Stock Market
8.3.4.1.1 China Rolling Stock Market by Type
8.3.4.1.2 China Rolling Stock Market by Product
8.3.4.1.3 China Rolling Stock Market by Train Type
8.3.4.2 Japan Rolling Stock Market
8.3.4.2.1 Japan Rolling Stock Market by Type
8.3.4.2.2 Japan Rolling Stock Market by Product
8.3.4.2.3 Japan Rolling Stock Market by Train Type
8.3.4.3 India Rolling Stock Market
8.3.4.3.1 India Rolling Stock Market by Type
8.3.4.3.2 India Rolling Stock Market by Product
8.3.4.3.3 India Rolling Stock Market by Train Type
8.3.4.4 South Korea Rolling Stock Market
8.3.4.4.1 South Korea Rolling Stock Market by Type
8.3.4.4.2 South Korea Rolling Stock Market by Product
8.3.4.4.3 South Korea Rolling Stock Market by Train Type
8.3.4.5 Singapore Rolling Stock Market
8.3.4.5.1 Singapore Rolling Stock Market by Type
8.3.4.5.2 Singapore Rolling Stock Market by Product
8.3.4.5.3 Singapore Rolling Stock Market by Train Type
8.3.4.6 Malaysia Rolling Stock Market
8.3.4.6.1 Malaysia Rolling Stock Market by Type
8.3.4.6.2 Malaysia Rolling Stock Market by Product
8.3.4.6.3 Malaysia Rolling Stock Market by Train Type
8.3.4.7 Rest of Asia Pacific Rolling Stock Market
8.3.4.7.1 Rest of Asia Pacific Rolling Stock Market by Type
8.3.4.7.2 Rest of Asia Pacific Rolling Stock Market by Product
8.3.4.7.3 Rest of Asia Pacific Rolling Stock Market by Train Type
8.4 LAMEA Rolling Stock Market
8.4.1 LAMEA Rolling Stock Market by Type
8.4.1.1 LAMEA Diesel Market by Country
8.4.1.2 LAMEA Electric Market by Country
8.4.2 LAMEA Rolling Stock Market by Product
8.4.2.1 LAMEA Wagon Market by Country
8.4.2.2 LAMEA Rapid Transport Market by Country
8.4.2.3 LAMEA Locomotive Market by Country
8.4.3 LAMEA Rolling Stock Market by Train Type
8.4.3.1 LAMEA Rail Freight Market by Country
8.4.3.2 LAMEA Passenger Rail Market by Country
8.4.4 LAMEA Rolling Stock Market by Country
8.4.4.1 Brazil Rolling Stock Market
8.4.4.1.1 Brazil Rolling Stock Market by Type
8.4.4.1.2 Brazil Rolling Stock Market by Product
8.4.4.1.3 Brazil Rolling Stock Market by Train Type
8.4.4.2 Argentina Rolling Stock Market
8.4.4.2.1 Argentina Rolling Stock Market by Type
8.4.4.2.2 Argentina Rolling Stock Market by Product
8.4.4.2.3 Argentina Rolling Stock Market by Train Type
8.4.4.3 UAE Rolling Stock Market
8.4.4.3.1 UAE Rolling Stock Market by Type
8.4.4.3.2 UAE Rolling Stock Market by Product
8.4.4.3.3 UAE Rolling Stock Market by Train Type
8.4.4.4 Saudi Arabia Rolling Stock Market
8.4.4.4.1 Saudi Arabia Rolling Stock Market by Type
8.4.4.4.2 Saudi Arabia Rolling Stock Market by Product
8.4.4.4.3 Saudi Arabia Rolling Stock Market by Train Type
8.4.4.5 South Africa Rolling Stock Market
8.4.4.5.1 South Africa Rolling Stock Market by Type
8.4.4.5.2 South Africa Rolling Stock Market by Product
8.4.4.5.3 South Africa Rolling Stock Market by Train Type
8.4.4.6 Nigeria Rolling Stock Market
8.4.4.6.1 Nigeria Rolling Stock Market by Type
8.4.4.6.2 Nigeria Rolling Stock Market by Product
8.4.4.6.3 Nigeria Rolling Stock Market by Train Type
8.4.4.7 Rest of LAMEA Rolling Stock Market
8.4.4.7.1 Rest of LAMEA Rolling Stock Market by Type
8.4.4.7.2 Rest of LAMEA Rolling Stock Market by Product
8.4.4.7.3 Rest of LAMEA Rolling Stock Market by Train Type
Chapter 9. Company Profiles
9.1 Alstom SA (Alstom Transport)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Acquisition and Mergers:
9.1.5.2 Geographical Expansions:
9.1.6 SWOT Analysis
9.2 Kawasaki Heavy Industries, Ltd.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 Siemens AG (Siemens Mobility)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Product Launches and Product Expansions:
9.3.5.2 Acquisition and Mergers:
9.3.5.3 Geographical Expansions:
9.3.6 SWOT Analysis
9.4 Wabtec Corporation (GE Transportation)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional & Segmental Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Acquisition and Mergers:
9.4.5 SWOT Analysis
9.5 Hitachi, Ltd. (Hitachi Rail Systems)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 SWOT Analysis
9.6 CRRC Corporation Limited
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 Hyundai Motor Company
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 SWOT Analysis
9.8 IHI Corporation (Dai-ichi Life)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 Mitsubishi Heavy Industries Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental Analysis
9.9.4 Research & Development Expenses
9.9.5 SWOT Analysis
9.10. Trinity Industries, Inc. (TrinityRail)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 SWOT Analysis
Chapter 10. Winning Imperatives of Rolling Stock Market

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