Rolling Stock Market Predicted to Grow at a CAGR of 3.7% - 2031, Report

The Rolling Stock Market report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends. Surge in demand for secure, safer, & efficient transport, rise in use of public transport services as a solution to minimize traffic congestions among people, and increase in allocation of the budget for development of railways are expected to drive the growth of the global rolling stock market. On the other hand, high capital requirement is expected to hinder the growth to some extent. However, persistent technological advancements and improvement in railway infrastructure are expected to create ample opportunities for the industry.

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Rolling stocks are employed in the railway transportation industry, which includes all vehicles that can travel by rail. Powered locomotives & unpowered freight wagons, passenger coaches, and other vehicles are all part of the rolling stock industry. It plays an integral role in facilitating comfortable, reliable, and cost-effective transportation for the passengers and transporting goods, across long distances. It can also be easily customized as per the exact requirements of the end user and provides a larger carrying capacity in comparison to other forms of transportation. Presently, rolling stock industry is experiencing extensive transformation as the demand for rail transport has increased substantially.

Also, the advancement in both powered & unpowered vehicles such as railcars, wagons, coaches, locomotives, as well as vehicles used for support services coupled with facilitation of easy transportation have propelled the adoption of these by end-users for transportation of goods & passenger services. For instance, in October 2019, CRRC Corporation Limited launched the first localized ETS2 meter-gauge D-series high-speed train with business class in Malaysia. The new train's features 180-degree rotatable business class seats, special seats for passengers with disabilities and safety belts, power outlets, video and audio entertainment, remote ordering, service calls and dynamic maps.

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Europe dominates the market, in terms of revenue, followed by Asia-Pacific, North America, and LAMEA. Germany dominated the global rolling stock market share in 2021. However, China is expected to grow at a significant rate during the forecast period, owing to series of initiatives taken by private companies, local governments, and federal officials to promote the adoption of rolling stock.

Based on type, the freight wagons segment held the largest market share in 2021, holding more than two-fifths of the global market. The metros segment, on the other hand, is predicted to cite the fastest CAGR of 6.1% during the forecast period.

The key players profiled in this report include

Hitachi, Ltd., Hyundai Corporation, PPF Group N.V., Stadler Rail AG, IHI Corporation, Talgo, Wabtec Corporation, CAF, CRRC Corporation Limited, Alstom, MAPNA Group, Kawasaki Heavy Industries, Ltd., Progress Rail, Trinity Industries, Inc., The Kinki Sharyo Co., Ltd., Siemens AG, The Greenbrier Companies, Inc., Nippon Sharyo, Ltd., Tatravagonka A.S. Poprad, PESA Bydgoszcz SA

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In addition, the rolling stock market has witnessed significant growth in recent years, owing to the reliable infrastructure equipment with high level of safety and greater adoption of new integrated solutions. Coupled with these expansion strategies have also been contributing to the growth. Furthermore, the companies operating in the rolling stock market have adopted partnerships, acquisitions, and product launches to increase their market share and expand their geographical presence. For instance, December 2021, Alstom expanded its new industrial base in Morocco, with the investment of $11.25 million to build a new production line & develop capability in country to manufacture on board transformers. It is the second production line at Alstom's facility in Fez, which produces harnesses and electrical cabinets for rail and take up about 13,000sq.m of the facility and will be operational in 2023.

Based on end-use, the cargo train segment held the dominating market share in 2021, holding nearly three-fifths of the global market. The passenger transit segment, on the other hand, is predicted to cite the fastest CAGR of 4.4% during the forecast period.

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Factors such as increase in allocation of the budget for development of railways, rise in demand for secure, safer, & efficient transport, and increase in use of public transport services as a solution to minimize traffic congestions drive the growth of the rolling stock market. However, high capital requirement and refurbishment of existing rolling stock are anticipated to hamper the growth of the rolling stock market. Further, increase in development & testing of autonomous train, improvement in railway infrastructure, particularly in developing countries, and rise in industrial & mining activity are expected to create numerous opportunities for rolling stock market expansion.

Regional Analysis:

Based on region, Europe held the lion's share in 2021, garnering nearly one-third of the global market. The Asia-Pacific region, on the other hand, is predicted to cite the fastest CAGR of 5.3% during the forecast period.

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