Rolling Stock Market Estimated to Flourish by 2025

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. Electric multiple unit (EMU) is a multiple unit train which is run by a self-propelled carriage using electric power. Diesel multiple units (DMUs) like EMUs is a multiple unit train run by on-board diesel engines. They can be diesel-electric (DEMU), diesel-hydraulic (DHMU) and diesel-mechanical (DHMU). Generally EMUs and DMUs are used as passenger trains. Metros are mostly found in urban cities and are mass rapid transit trains. They are usually made of stainless steel or aluminum with automatic train supervision system (ATS) and automatic train protection system (ATP). Light rail vehicles (LRVs) or tram/ tramcar/ streetcar/trolley/ trolley car is a rail vehicle running on urban streets on tracks. Rolling stocks can be normal conventional locomotives or turbocharger locomotives. Rolling stocks also use maglev technology to move. Maglev is derived from magnetic levitation. Magnetic levitation is the process of suspending objects with no support other than a magnetic field. This is possible because magnetic forces act in opposite direction to earth’s gravitational force.

By type, the rolling stock market is segmented into electric locomotives, diesel locomotives, high-speed trains, EMU, DMU, metro cars, LRVs, coaches, wagons, and track machinery. By locomotive technology, the market is segmented into conventional locomotives, turbocharge locomotives and maglev. By application, the market is segmented into passenger coach and freight wagon.

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By geography, the rolling stock market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is a prominent rolling stock market. The U.S. is the largest market in the region. Canada and Mexico are major markets in this region. Europe is another major rolling stock market. Germany is one of the largest rolling stock markets in Europe. The U.K., Spain, Italy, France, Belgium, Sweden, and Netherlands are other major markets in Europe. Middle East & Africa is a significant rolling stock market led by Saudi Arabia, Iran, Turkey, and South Africa. Latin America is one of the major rolling stock markets led by Brazil and Argentina. Brazil is the largest market in Latin America.

Transportation of goods by rolling stock is better than other road transports as it is faster, cheap, and entails less insurance charges than road transport. Rising demand for goods transportation is driving the demand for rolling stocks. Additionally with rising population in cities, demand for rapid urban transport is rising which is driving the demand for rolling stocks. Rolling stocks such as EMU, DMU, etc. which are used as passenger trains are the cheapest mode of transportation. This is increasing the demand for rolling stock. Increased spending in rapid public transport systems by emerging economies across the world is increasing the demand for rolling stock.

The report highlights the diverse competitive strategies implemented by key players operating in the market. Company profiles mention company details, market presence by geography and segments, strategic overview, SWOT analysis and historical revenue. The report also contains details of market share analysis of key players. The major firms operating in the rolling stocks market are Stadler Rail AG (Switzerland), CRRC Corporation Limited (China), Bombardier Inc. (Canada), Alstom SA (France), General Electric (the U.S), Siemens AG (Germany), CJSC Transmashholding (Russia), Kawasaki Heavy Industries Ltd. (Japan), Construcciones Y Auxiliar DE Ferrocarriles S.A. (Spain), and Hyundai Rotem Company (South Korea).

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