Press release
Rolling Stock: Core Growth Enabler in the Meeting The Demand For Energy-Efficient Transport Systems Market, 2025
Rolling Stock
What Will the Rolling Stock Industry Market Size Be by 2025?
The market size of the rolling stock has been on the rise in the past few years. There will be growth from $61.79 billion in 2024 to a sizeable $65.64 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.2%. This growth during the historic period can be associated with the escalating demand for mass and intermodal transportation, advancements in the rail transportation system, and the requirement for dependable and efficient transportation.
What's the Long-Term Growth Forecast for the Rolling Stock Market Size Through 2029?
In the coming years, the rolling stock market is predicted to witness robust growth, escalating to $87.98 billion in 2029 with a compound annual growth rate (CAGR) of 7.6%. Factors such as urbanization growth, heightened population density, the uptake of automation and digitalization in rolling stocks, incorporation of sustainable energy, enhanced connectivity, and implementation of the Internet of Things (IoT) can substantiate the growth during the forecast period. Key trends during this period are likely to be the electrification of the rail network, embracing maglev technology, a focus on energy-efficiency, integrating artificial intelligence, and personalization and customization of rolling stock.
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What Are the Key Growth Drivers Fueling the Rolling Stock Market Expansion?
The growth of the rolling stock market is anticipated to be fueled by the increasing need for energy-efficient transport systems. These efficient systems allow both people and goods to be transported while conserving time, resources, and energy. Rolling stocks, which are used in trains, help minimize energy usage, thereby boosting demand due to the increasing need for energy-friendly transportation methods. For example, the Council On Energy, Environment And Water predicts that by 2030, 33% of four-wheelers and 50% of two-wheelers sold in India would be electric given the growing demand for energy efficiency. By 2050, these figures are predicted to increase to 75% and 90% respectively. Consequently, the increasing requirement for energy-efficient transport systems is propelling the growth of the rolling stock market.
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What Are the Key Trends Driving Rolling Stock Market Growth?
In their pursuit of environmentally friendly transport solutions, key players in the rolling stock market are concentrating on the production of cutting-edge hybrid locomotives that use diesel, battery, and electric power. These unique railway vehicles merge conventional diesel power with an electric battery, enhancing energy efficiency and lowering emissions. The diesel engine caters to heavy-duty, long-distance requirements, whereas the battery serves shorter journeys and provides power for regenerative braking in zones with low emission levels. Progress Rail, a transportation company based in the United States, unraveled the EMD GT38H in October 2023, as an illustration. This locomotive combines a Caterpillar 3512 diesel engine with a generator and a lithium-ion battery, creating a starting tractive effort of 495 kN and sustaining a continuous tractive effort of 402 kN. It can reach a top speed of 60 km/h and has a battery capacity of 550 kWh, enabling it to charge both regeneratively and externally. As per Rumo's calculations, these engines can save up to 45% fuel and markedly slash particulate matter, NOx emissions, and noise output. The locomotives' capability to handle tough terrains renders them a fitting choice for Rumo's South Network narrow-gauge railways.
How Is the Rolling Stock Market Segmented?
The rolling stock market covered in this report is segmented -
1) By Product: Locomotive, Rapid Transit Vehicle, Wagon
2) By Locomotive Technology: Conventional Locomotive, Turbocharge Locomotive, Maglev, Diesel Locomotive, Electric Locomotive, Electro-Diesel Locomotive
3) By Component: Pantograph, Axle, Wheelset, Traction Motor, Auxiliary Power System, Other Components
4) By End User: Passenger Transit, Cargo Train
Subsegments:
1) By Locomotive: Diesel Locomotive, Electric Locomotive, Hybrid Locomotive
2) By Rapid Transit Vehicle: Light Rail Vehicle (LRV), Metro Or Heavy Rail, Monorail
3) By Wagon: Freight Wagon, Tank Wagon, Hopper Wagon, Flat Wagon
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Which Companies Are Leading the Charge in Rolling Stock Market Innovation?
Major companies operating in the rolling stock market include Alstom Holdings SA, Bombardier Inc., Construcciones y Auxiliar de Ferrocarriles SA, CRRC Corporation Ltd., GE Transportation, Hitachi Ltd., Hyundai Rotem Company, Kawasaki Heavy Industries Ltd., Siemens AG, Stadler Rail AG, Transmash Holding, Electro-Motive Diesel Ltd., Skoda Transportation AS, Talgo SA, Trinity Industries Inc., Wabtec Corporation, Ansaldo STS, PESA Bydgoszcz SA, Newag SA, MAPNA Group, Nippon Sharyo Ltd., Caterpillar, IHI Corporation, Tatravagonka A. S., Virgin Hyperloop, Transpod Inc., Texmaco Rail & Engineering Ltd., Alna Sharyo Co. Ltd., Pesa Group
Which Regions Are Leading the Global Rolling Stock Market in Revenue?
Asia-Pacific was the largest region in the rolling stock market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the rolling stock market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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