Global Rolling Stock Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Rolling Stock Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Rolling stock means any vehicle that runs on a rail track. Electric locomotives as the name suggests run on electric power from fuel cell or battery or overhead lines. Diesel locomotives are run by diesel engine. The various types of diesel locomotives are diesel-pneumatic, diesel-steam, diesel-hydraulic, diesel-electric, and diesel-mechanical. High-speed are intercity trains moving at an average speed of 200 to 300+ km/h.

Market Overview:

The latest research study on the global Rolling Stock market finds that the global Rolling Stock market reached a value of USD 77949.1 million in 2022. It’s expected that the market will achieve USD 93509.89 million by 2028, exhibiting a CAGR of 3.08% during the forecast period.

High initial investment

Early capital and personnel investment are huge. If there are no advanced technology, abundant capital and resources, the industry of rolling rock will hardly achieve mass production.

Growing mobility and urbanization in emerging economies

Such as India, The world's second largest country in population, and still growing rapidly. However the industrial base is still incomplete, especially rail, so this area is a potential market with the mobility and urbanization of the country.

Reliance on government projects paired with insufficient infrastructure

It is strongly dependent on the government's policies that it is almost impossible to complete mass production of rolling rock without the support of the government, which brings some uncertainty to the enterprise.

Rising consumer preferences for safety and comfort

It is obvious that the train is the safest way of transportation, especially air disasters occur now and then in the last few years.

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview:

CRRC, Bombardier, Alstom Transport, General Electric and Siemens are the five key players in the global Rolling Stock market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Rolling Stock market in the past 5 years.

CRRC

CRRC is the world's largest supplier of rail transit equipment with the most complete product lines and leading technologies. Its main businesses cover the R&D, design, manufacture, repair, sale, lease and technical services for rolling stock, urban rail transit vehicles, engineering machinery, all types of electrical equipment, electronic equipment and parts, electric products and environmental protection equipment, consulting services, industrial investment and management, asset management, import and export.

Bombardier

Bombardier Inc. is one of the world’s largest manufacturers of trains and commercial and private airplanes.

Segmentation Overview:

By type, Locomotives segment accounted for the largest share of market in 2021.

Locomotives

Locomotives comprise a collection of coaches (or freight wagons) with suitable motive power. For passenger operations, one locomotive is usually sufficient. In heavy freight operations, this number might go up to four locomotives on the front and at some other places along the train.

High Speed

High speed rolling stock are generally defined as trains that can operate 125mph or faster. High speed rolling stock generally connect large metropolitan areas (with very few stops in between).Although High speed rolling stock in general are compatible with regular passenger and freight trains, it requires dedicated tracks to operate at high speed.

Multiple Unit

Multiple Unit is usually made up of a number of inter-dependent vehicles which cannot operate unless all the vehicles are of the right type and are coupled in the correct position in the train. Power and auxiliary equipment is usually distributed under more than one vehicle and is all controlled from the driving position. Vehicles in multiple units are usually referred to as cars and are known as motor cars if powered and trailer cars if not.

Light Rail

Light rail, which might be also known as trolley and streetcars, mean trains that function as local transit in an urban-core and can operate on the street-level. Compared to rapid transit, light rail costs less, is more pedestrian friendly, but has less passenger capacity. The major advantage with light rail is that it can operate like rapid transit or like local buses, depending on the available infrastructure.

Metro

It is the city rail transit system of the underground operation. The metro is exclusive right of way without overlapping, which is the fundamental difference in the sign of the light rail.

Application Overview:

By application, the For Passenger segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Rolling Stock market covered in Chapter 3:

Siemens
Hitachi
Stadler Rail AG
The Greenbrier
CJSC Transmashholding
Hyundai Rotem Company
Alstom Transport
Kawasaki Heavy Industries
Construcciones y Auxiliar de Ferrocarriles
Trinity Rail
CRRC
Bombardier
General Electric
AmstedMaxio
Wabtec Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Rolling Stock market from 2018 to 2029 is primarily split into:

Locomotives
High Speed
Multiple Unit
Light Rail
Metro

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Rolling Stock market from 2018 to 2029 covers:

For Freight
For Passenger
Other Use

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)