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Global Rolling Stock Market by Product Type (Locomotive, Rapid Transit, Wagon, Coach), Locomotive Technology (Conventional, Turbocharged, Maglev), Application (Passenger, Freight), and Region - Trends and Forecasts to 2025

  • ID: 5304952
  • Report
  • March 2021
  • Region: Global
  • 297 Pages
  • Markets and Markets
Global Rolling Stock Market to Reach $64.3 Billion by 2025, Rising at a CAGR of 4.4%

FEATURED COMPANIES

  • ABB
  • Bombardier
  • General Electric
  • Kawasaki Heavy Industries
  • Rhomberg Rail
  • Strukton

The global rolling stock market is projected to reach USD 64.3 billion by 2025, from an estimated USD 51.6 billion in 2020, at a CAGR of 4.4%. Governments are supporting electric vehicle charging stations through subsidies & tax rebates for installing electric vehicle charging stations and working in collaboration with such OEM’s to speed up growth of their countries EV charging networks.

Increase in demand for electric locomotives and multiple units with government and rail operators support for increase in investment in electrified rail route will boost rolling stock market. Also, with rise in fuel prices, alternate mode of transportation becomes very costly. Thus, with rise in electrified network, operating cost would be low, which would make mass transportation cheaper as compared to alternate mode of transportation. To make the rolling stock market grow, a continued support from the government is required by making investment in rail infrastructure and by investment for expansion of rail projects.

However, COVID-19 pandemic is expected to have a slight impact on the rolling stock market. Both the production and sales of new rail vehicles had come to a halt in Q1 and Q2 of 2020 across the globe as the whole ecosystem had been disrupted. However, in the next two quarters, the sale of rolling stock has been on the rise specially for electric locomotive and electric multiple units. OEMs had to wait until lockdowns were lifted to resume production, which affected their business. Post the pandemic, the demand for mass transportation would increase, as people would return to their work place, and use public transportation. In addition, component manufacturing is also suspended, and small Tier II and Tier III manufacturers could face liquidity issues.

Infrastructural development and demand for energy efficient vehicles likely to drive the rolling stock market

The growth of this market is fueled by the infrastructural development in the region and approval of new rail lines. However, refurbishment of existing rolling stock and capital-intensive nature of rolling stock is inhibiting the growth of the rolling stock market. Innovations in rolling stock and the development of new vehicle concepts for non-electrified railway lines are expected to further reduce carbon emissions. For example, rolling stock manufacturers are undertaking efforts to develop emission-free trains equipped with fuel cell drives.

Significant investments are being made by various governments and manufacturers to develop the fuel cell train technology. For instance, in 2018, Siemens received approval for approximately USD 14 million form the Federal Ministry for Transport & Digital Infrastructure (Germany) for research & development in the field of fuel cell rails. The fuel cell technology is expected to be ready for service by 2021. Rolling stock such as electric locomotives and EMUs are expected to further lower greenhouse emissions and increase energy efficiency.

High-speed rail project to drive the Asia Oceania rolling stock market

The Asia Oceania rolling stock market is expected to be the largest, by value, in 2020. This can be mainly attributed to the demand for high-speed rail projects and dedicated freight corridors via rail transport system in the region. The Asia Oceania region is the fastest-growing market due to increased production, domestic demand, and capacity expansions by rolling stock manufacturers. This increase in production helps cope with the rising demand for rail transportation and concerns related to fuel-efficiency norms and regulations. In addition to domestic markets, there is an increase in demand from international markets. In January 2020, CRRC received an overseas supply contract worth USD 55.5 from Portugal to supply 18 new light rails with a maintenance period of five years. Thus, demand in the Asia Oceania region is on the rise.

Technological advancements are a key driver for the EMU market

There has been a rapid increase in the number of technological advancements in the rolling stock market. The EMU segment is estimated to hold the largest market share, in terms of value, in 2020. This can be credited to the latest generation of EMUs, which are characterized by modular designs. An advanced electric multiple unit is more efficient and favorable than a diesel multiple unit. The demand for EMUs is expected to increase significantly owing to the construction of new high-speed train lines in China and the demand for new vehicles in Russia, Japan, Brazil, and the US. Such innovations would spur the growth of the rolling stock market.

Research Coverage

The report segments the rolling stock market and forecasts its size, by volume and value, on the basis of region (North America, Asia-Pacific, Europe, MEA, and RoW), product type (locomotive, rapid transit, wagon, and coach), application (passenger transportation and freight transportation), and locomotive technology (conventional locomotive, turbocharged locomotive, and maglev).

Major players profiled in the report are: CRRC (China), Bombardier (Canada), Alstom (France), General Electric (US), Siemens (Germany), CJSC Transmashholding (Russia), Stadler (Switzerland), Kawasaki Heavy Industries (Japan), Construcciones Auxiliar de Ferrocarriles (Spain), Hyundai Rotem (South Korea).

The study contains insights from various industry experts, ranging from component suppliers to tier 1 companies and OEMs.

The break-up of the primaries is as follows:

  • By Company Type: Tier 1 - 27 %, Tier 2 - 52%, and Others - 21%
  • By Designation: C-level - 47%, D-level - 37%, and Others - 16%
  • By Region: North America - 22%, Europe - 26%, Asia Oceania - 28%, Middle East & Africa - 10%, and RoW - 14%

Key Benefits of Buying the Report

  • The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall rolling stock market and its subsegments.
  • This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
  • The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB
  • Bombardier
  • General Electric
  • Kawasaki Heavy Industries
  • Rhomberg Rail
  • Strukton

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
Table 1 Market Definition
1.2.1 Inclusions & Exclusions
Table 2 Inclusions & Exclusions
1.3 Market Scope
Figure 1 Rolling Stock Market: Market Segmentation
1.3.1 Years Considered in the Study
1.4 Currency & Pricing
Table 3 Currency Exchange Rates (W.R.T. USD)
1.5 Package Size
1.6 Stakeholders
1.7 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Rolling Stock Market: Research Design
Figure 3 Research Methodology Model
2.2 Secondary Data
2.2.1 Key Secondary Sources
2.2.2 Key Data from Secondary Sources
2.3 Primary Data
Figure 4 Breakdown of Primary Interviews
2.3.1 Sampling Techniques and Data Collection Methods
2.3.2 Primary Participants
2.4 Market Breakdown & Data Triangulation
Figure 5 Data Triangulation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach
Figure 6 Rolling Stock Market: Bottom-Up Approach
2.5.2 Top-Down Approach
Figure 7 Rolling Stock Market: Top-Down Approach
2.6 Assumptions & Associated Risks
2.7 Limitations

3 Executive Summary
Figure 8 Rolling Stock Market, by Region, 2020-2025
Figure 9 Rolling Stock Market, by Product Type, 2020 vs. 2025 (USD Billion)
3.1 Impact of COVID-19 on the Rolling Stock Market
Figure 10 Impact of COVID-19 on the Rolling Stock Market, 2019-2025

4 Premium Insights
4.1 Attractive Opportunities in the Rolling Stock Market
Figure 11 Increasing Rapid Transit Rail Network Projects Expected to Boost the Growth of the Rolling Stock Market from 2020 to 2025
4.2 Rolling Stock Market Share, by Region
Figure 12 Middle East & Africa Region is Projected to Grow at the Highest CAGR in the Rolling Stock Market from 2020 to 2025
4.3 Rolling Stock Market, by Product Type
Figure 13 Wagons Segment to Lead the Rolling Stock Market During the Forecast Period, 2020 vs. 2025 (USD Billion)
4.4 Rolling Stock Market, by Application
Figure 14 Freight Transportation Segment to Lead the Rolling Stock Market During the Forecast Period, 2020 vs. 2025 (USD Billion)
4.5 Rolling Stock Market, by Locomotive Technology
Figure 15 Conventional Locomotives Segment to Lead the Rolling Stock Market During the Forecast Period, 2020 vs. 2025 (USD Billion)

5 Market Overview
5.1 Introduction
Figure 16 Rolling Stock Market: Market Dynamics
5.1.1 Drivers
5.1.1.1 Increasing Preference Towards Railway-Based Public Transport as a Means of Reducing Traffic Congestion
Figure 17 Driving Time Spent in Traffic Congestion, by City, 2019
5.1.1.2 Rising Demand for Energy-Efficient Transport
5.1.1.3 Increasing Demand for Comfort and Safety
5.1.2 Restraints
5.1.2.1 Refurbishment of Existing Rolling Stock
5.1.2.2 Capital-Intensive Rolling Stock
5.1.3 Opportunities
5.1.3.1 Big Data Applications in the Rail Industry
5.1.3.2 Increase in Industrial and Mining Activities
Figure 18 US: North American Freight Transportation, by Transportation Mode, 2017 vs. 2018
Figure 19 US: Total Mining Production, 2016-2019 (USD Million)
5.1.4 Challenges
5.1.4.1 High Overhaul and Maintenance Costs
5.1.4.2 Requirement of High R&D Investments
Figure 20 R&D Investments of Key Players, 2019 (USD Million)
Table 4 Impact of Market Dynamics
5.2 PESTLE Analysis
5.2.1 Political Factors
5.2.1.1 Europe
5.2.1.2 Asia Oceania
5.2.1.3 North America
5.2.1.4 Rest of the World (RoW)
5.2.1.5 Middle East & Africa (MEA)
5.2.2 Economic Factors
5.2.2.1 Europe
5.2.2.2 Asia Oceania
5.2.2.3 North America
5.2.2.4 Rest of the World (RoW)
5.2.2.5 Middle East & Africa (MEA)
5.2.3 Social Factors
5.2.3.1 Europe
5.2.3.2 Asia Oceania
5.2.3.3 North America
5.2.3.4 Rest of the World (RoW)
5.2.3.5 Middle East & Africa (MEA)
5.2.4 Technological Factors
5.2.4.1 Europe
5.2.4.2 Asia Oceania
5.2.4.3 North America
5.2.4.4 Rest of the World (RoW)
5.2.4.5 Middle East & Africa (MEA)
5.2.5 Legal Factors
5.2.5.1 Europe
5.2.5.2 Asia Oceania
5.2.5.3 North America
5.2.5.4 Rest of the World (RoW)
5.2.5.5 Middle East & Africa (MEA)
5.2.6 Environmental Factors
5.2.6.1 Europe
5.2.6.2 Asia Oceania
5.2.6.3 North America
5.2.6.4 Rest of the World (RoW)
5.2.6.5 Middle East & Africa (MEA)
5.3 Porter's Five Forces Model Analysis
Table 5 Porter's Five Forces Analysis
Figure 21 Large Number of Players in the Market Leads to Medium Competition in the Rolling Stock Market
Figure 22 Stringent Government Regulations and Requirement of Significant Investments Offer Hindrance in Entering the Market
Figure 23 Availability of Low Number of Substitutes Makes the Threat Moderate
Figure 24 Large Number of Component Suppliers of Tier 1 Companies Makes the Bargaining Power of Suppliers Low
Figure 25 Specific Buyer Requirement and Large Number of Suppliers Makes the Bargaining Power of Buyers High
5.4 Rolling Stock Market Ecosystem
Figure 26 Rolling Stock Market: Ecosystem Analysis
5.5 Value Chain Analysis
Figure 27 Value Chain Analysis: Rolling Stock Market
5.5.1 Research and Product Development Executives
5.5.2 Raw Material/Component Suppliers
5.5.3 Original Equipment Manufacturers
5.5.4 Tier Ii Suppliers
Table 6 Rolling Stock Market: Supply Chain Stakeholders and Their Strategies
5.6 Patent Analysis
Table 7 Patent Registrations: Rolling Stock Market
5.7 Case Study Analysis
5.7.1 Case Study 1: Alstom and ASC GmbH on Acceleration Sensor Test
5.8 Case Study 2: Siemens and TUV Germany on Resolving IT Security Defects
5.9 Price Trend Analysis
Figure 28 Rolling Stock Market: Pricing Analysis
5.10 Tariff and Regulatory Overview
5.11 Import and Export Data
Figure 29 US: Import and Export Data for Railways and Tramways, Locomotives, Rolling Stock, and Parts, 2014-2019 (USD Million)
Figure 30 China: Import and Export Data for Railways and Tramways, Locomotives, Rolling Stock, and Parts, 2014-2019 (USD Million)

6 Impact of COVID-19
6.1 Introduction to COVID-19
6.2 COVID-19 Health Assessment
Figure 31 COVID-19: Global Propagation
Figure 32 COVID-19 Propagation: Select Countries
6.3 COVID-19 Economic Assessment
Figure 33 Revised Gross Domestic Product Forecasts for Select G20 Countries for 2020
6.3.1 Economic Impact of COVID-19 - Scenario Assessment
Figure 34 Criteria Impacting Global Economy
Figure 35 Scenarios in Terms of Recovery of the Global Economy
6.3.2 Analysis of the Impact of COVID-19 on the Global Railway Industry
Table 8 Impact of COVID-19 on the Railway Industry
Table 9 Impact of COVID-19 on Market Players
6.3.3 Impact of COVID-19 on the Rolling Stock Market
6.4 Rolling Stock Market, Market Scenarios (2020-2025)
Figure 36 Rolling Stock Market: Future Trends & Scenarios, 2020-2025 (USD Million)
6.4.1 Rolling Stock Market, Realistic Scenario
Table 10 Rolling Stock Market: Realistic Scenario, by Region, 2020-2025 (USD Million)
6.4.2 Rolling Stock Market, Optimistic Scenario
Table 11 Rolling Stock Market: Optimistic Scenario, by Region, 2020-2025 (USD Million)
6.4.3 Rolling Stock Market, Pessimistic Scenario
Table 12 Rolling Stock Market: Pessimistic Scenario, by Region, 2020-2025 (USD Million)

7 Industry Trends
7.1 Introduction
7.2 Magnetic Levitation Trains (Maglev)
7.2.1 Advantages of Maglev System Trains
7.2.2 High-Speed Railway vs Maglev Systems
Table 13 High-Speed Railway vs Maglev Railway Systems (200-Mph High-Speed Railway & 250-Mph Maglev)
7.2.3 Ecological Impact of Maglev
Figure 37 Specific Energy Consumption by Ice Train vs. Maglev Train (Watt-Hours Per Seat-Km)
Figure 38 CO2 Emissions by Ice Train vs. Maglev Train (Grams Per Seat-Km)
7.3 Rolling Stock Refurbishment
7.3.1 Major Case Studies/Programs
7.3.1.1 Strukton Rail Program
7.3.1.2 Queensland Rail Stabling Program
7.3.1.3 Heathrow Express Project
7.3.1.4 Enterprise Refurbishment Program
7.3.1.5 Belgian National Railways
7.3.1.6 TXM Projects Program
7.3.1.7 Scotrail Alliance
7.3.1.8 Eversholt Renatus Program
7.3.1.9 Other Programs
7.3.2 Digitalization of Railways
7.3.3 Articulated and Non-Articulated Trains
7.3.4 Tilting and Non-Tilting Train
7.3.5 Autonomous Trains

8 Rolling Stock Market, by Component
8.1 Introduction
8.2 Train Control Systems
8.3 Pantographs
8.4 Axles
8.5 Wheel Sets
8.6 Traction Motors
8.7 Passenger Information Systems
8.8 Brakes
8.9 Air Conditioning Systems
8.10 Auxiliary Power Systems
8.11 Gearboxes

9 Rolling Stock Market, by Locomotive Technology
9.1 Introduction
Figure 39 Rolling Stock Market, by Locomotive Technology, 2020 vs. 2025 (USD Million)
Table 14 Rolling Stock Market, by Locomotive Technology, 2016-2019 (Units)
Table 15 Rolling Stock Market, by Locomotive Technology, 2020-2025 (Units)
Table 16 Rolling Stock Market, by Locomotive Technology, 2016-2019 (USD Million)
Table 17 Rolling Stock Market, by Locomotive Technology, 2020-2025 (USD Million)
9.2 Operational Data
Table 18 Rolling Stock Market, by Technology Type
9.2.1 Assumptions
9.2.2 Research Methodology
9.3 Conventional Locomotives
Figure 40 Conventional Locomotives Market Size, by Region, 2020-2025 (USD Million)
9.3.1 The Market for Conventional Locomotives in the Middle East & Africa is Projected to Grow at the Highest CAGR During the Forecast Period
Table 19 Conventional Locomotives Market Size, by Region, 2016-2019 (Units)
Table 20 Conventional Locomotives Market Size, by Region, 2020-2025 (Units)
Table 21 Conventional Locomotives Market Size, by Region, 2016-2019 (USD Million)
Table 22 Conventional Locomotives Market Size, by Region, 2020-2025 (USD Million)
9.4 Turbocharged Locomotives
Figure 41 Turbocharged Locomotives Market Size, by Region,2020-2025 (USD Million)
9.4.1 Asia Oceania is Projected to Account for the Largest Market Share in the Turbocharged Locomotives Market from 2020 to 2025
Table 23 Turbocharged Locomotives Market Size, by Region, 2016-2019 (Units)
Table 24 Turbocharged Locomotives Market Size, by Region, 2020-2025 (Units)
Table 25 Turbocharged Locomotives Market Size, by Region, 2016-2019 (USD Million)
Table 26 Turbocharged Locomotives Market Size, by Region, 2020-2025 (USD Million)
9.5 Maglev
9.5.1 Types of Maglev
9.5.1.1 Electromagnetic Suspension
9.5.1.2 Electrodynamic Suspension
9.5.1.3 Inductrack
9.6 Key Industry Insights

10 Rolling Stock Market, by Product Type
10.1 Introduction
Figure 42 Rolling Stock Market, by Product Type, 2020 vs. 2025 (USD Million)
Table 27 Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 28 Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 29 Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 30 Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
10.2 Operational Data
Table 31 Rolling Stock Market, Byproduct Type
10.2.1 Assumptions
10.2.2 Research Methodology
10.3 Locomotives
Figure 43 Locomotives: Rolling Stock Market, by Propulsion Type, 2020 vs. 2025 (USD Million)
Table 32 Locomotives: Rolling Stock Market, by Propulsion Type, 2016-2019 (Units)
Table 33 Locomotives: Rolling Stock Market, by Propulsion Type, 2020-2025 (Units)
Table 34 Locomotives: Rolling Stock Market, by Propulsion Type, 2016-2019 (USD Million)
Table 35 Locomotives: Rolling Stock Market, by Propulsion Type, 2020-2025 (USD Million)
10.3.1 Diesel Locomotives
10.3.1.1 Asia Oceania is Projected to be Largest Market for Diesel Locomotives
Table 36 Diesel Locomotives: Rolling Stock Market, by Region, 2016-2019 (Units)
Table 37 Diesel Locomotives: Rolling Stock Market, by Region, 2020-2025 (Units)
Table 38 Diesel Locomotives: Rolling Stock Market, by Region, 2016-2019 (USD Million)
Table 39 Diesel Locomotives: Rolling Stock Market, by Region, 2020-2025 (USD Million)
10.3.2 Electric Locomotives
10.3.2.1 Asia Oceania is Projected to be the Largest Market for Electric Locomotives
Table 40 Electric Locomotives: Rolling Stock Market, by Region, 2016-2019 (Units)
Table 41 Electric Locomotives: Rolling Stock Market, by Region, 2020-2025 (Units)
Table 42 Electric Locomotives: Rolling Stock Market, by Region, 2016-2019 (USD Million)
Table 43 Electric Locomotives: Rolling Stock Market, by Region, 2020-2025 (USD Million)
10.3.3 Electro-Diesel Locomotives
10.3.3.1 Europe is Projected to be the Largest Market for Electro-Diesel Locomotives
Table 44 Electro-Diesel Locomotives: Rolling Stock Market, by Region, 2016-2019 (Units)
Table 45 Electro-Diesel Locomotives: Rolling Stock Market, by Region, 2020-2025 (Units)
Table 46 Electro-Diesel Locomotives: Rolling Stock Market, by Region, 2016-2019 (USD Million)
Table 47 Electro-Diesel Locomotives: Rolling Stock Market, by Region, 2020-2025 (USD Million)
10.4 Rapid Transit
Figure 44 Rapid Transit: Rolling Stock Market, by Product Type, 2020 vs. 2025 (USD Million)
Table 48 Rapid Transit: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 49 Rapid Transit: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 50 Rapid Transit: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 51 Rapid Transit: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
10.4.1 Diesel Multiple Units (DMUs)
10.4.1.1 North America is the Fastest-Growing Market for DMUs
Table 52 Diesel Multiple Units: Rolling Stock Market, by Region, 2016-2019 (Units)
Table 53 Diesel Multiple Units: Rolling Stock Market, by Region, 2020-2025 (Units)
Table 54 Diesel Multiple Units: Rolling Stock Market, by Region, 2016-2019 (USD Million)
Table 55 Diesel Multiple Units: Rolling Stock Market, by Region, 2020-2025 (USD Million)
10.4.2 Electric Multiple Unit (EMU)
10.4.2.1 Europe is Projected to be the Largest Market for EMUs
Table 56 Electric Multiple Units: Rolling Stock Market, by Region, 2016-2019 (Units)
Table 57 Electric Multiple Units: Rolling Stock Market, by Region, 2020-2025 (Units)
Table 58 Electric Multiple Units: Rolling Stock Market, by Region, 2016-2019 (USD Million)
Table 59 Electric Multiple Unit: Rolling Stock Market, by Region, 2020-2025 (USD Million)
10.4.3 Light Rails/Trams
10.4.3.1 Asia Oceania is Projected to Hold Largest Market for Light Rails
Table 60 Light Rails/Trams: Rolling Stock Market, by Region, 2016-2019 (Units)
Table 61 Light Rails/Trams: Rolling Stock Market, by Region, 2020-2025 (Units)
Table 62 Light Rails/Trams: Rolling Stock Market, by Region, 2016-2019 (USD Million)
Table 63 Light Rails/Trams: Rolling Stock Market, by Region, 2020-2025 (USD Million)
10.4.4 Subways/Metros
10.4.4.1 Asia Oceania is Projected to be Fastest-Growing and Largest Market for the Metro
Table 64 Subways/Metros: Rolling Stock Market, by Region, 2016-2019 (Units)
Table 65 Subways/Metros: Rolling Stock Market, by Region, 2020-2025 (Units)
Table 66 Subways/Metros: Rolling Stock Market, by Region, 2016-2019 (USD Million)
Table 67 Subways/Metros: Rolling Stock Market, by Region, 2020-2025 (USD Million)
10.4.5 Monorails
10.5 Coaches
Figure 45 Coaches: Rolling Stock Market, by Region, 2020 vs. 2025 (USD Million)
10.5.1 Increasing Urbanization and Efforts to Control Traffic Congestion are Increasing the Demand for Coaches
Table 68 Coaches: Rolling Stock Market, by Region, 2016-2019 (Units)
Table 69 Coaches: Rolling Stock Market, by Region, 2020-2025 (Units)
Table 70 Coaches: Rolling Stock Market, by Region, 2016-2019 (USD Million)
Table 71 Coaches: Rolling Stock Market, by Region, 2020-2025 (USD Million)
10.6 Wagons
Figure 46 Wagons: Rolling Stock Market, by Region, 2020 vs. 2025 (USD Million)
10.6.1 High Efficiency and Low Emissions by Rolling Stock for Bulk Goods Transportation is Leading to the Increasing Demand for Wagons Globally
Table 72 Wagons: Rolling Stock Market, by Region, 2016-2019 (Units)
Table 73 Wagons: Rolling Stock Market, by Region, 2020-2025 (Units)
Table 74 Wagons: Rolling Stock Market, by Region, 2016-2019 (USD Million)
Table 75 Wagons: Rolling Stock Market, by Region, 2020-2025 (USD Million)
10.7 Others
10.7.1 Hyperloop - the Future of Transportation

11 Rolling Stock Market, by Application
11.1 Introduction
Figure 47 Rolling Stock Market, by Application, 2020 vs. 2025 (USD Billion)
Table 76 Rolling Stock Market, by Application, 2016-2019 (Units)
Table 77 Rolling Stock Market, by Application, 2020-2025 (Units)
Table 78 Rolling Stock Market, by Application, 2016-2019 (USD Million)
Table 79 Rolling Stock Market, by Application, 2020-2025 (USD Million)
11.2 Operational Data
Table 80 Rolling Stock Based on Application Type
11.2.1 Assumptions
11.2.2 Research Methodology
11.3 Passenger Transportation
Figure 48 Passenger Transportation: Rolling Stock Market, by Region, 2020 vs. 2025 (USD Million)
Table 81 Passenger Transportation: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 82 Passenger Transportation: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 83 Passenger Transportation: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 84 Passenger Transportation: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
11.3.1 Locomotives
11.3.1.1 Asia Oceania is Projected to Dominate the Locomotive Passenger Transportation Market
Table 85 Locomotives: Passenger Transportation Rolling Stock Market, by Region, 2016-2019 (Units)
Table 86 Locomotives: Passenger Transportation Rolling Stock Market, by Region, 2020-2025 (Units)
Table 87 Locomotives: Passenger Transportation Rolling Stock Market, by Region, 2016-2019 (USD Million)
Table 88 Locomotives: Passenger Transportation Rolling Stock Market, by Region, 2020-2025 (USD Million)
11.3.2 Coaches
11.3.2.1 The Market in the Middle East & Africa is Projected to be the Fastest-Growing for Coaches for Passenger Transportation
Table 89 Coaches: Passenger Transportation Rolling Stock Market, by Region, 2016-2019 (Units)
Table 90 Coaches: Passenger Transportation Rolling Stock Market, by Region, 2020-2025 (Units)
Table 91 Coaches: Passenger Transportation Rolling Stock Market, by Region, 2016-2019 (USD Million)
Table 92 Coaches: Passenger Transportation Rolling Stock Market, by Region, 2020-2025 (USD Million)
11.4 Freight
Figure 49 Freight: Rolling Stock Market, by Region, 2020 vs. 2025 (USD Million)
Table 93 Freight: Rolling Stock Market, by Application, 2016-2019 (Units)
Table 94 Freight: Rolling Stock Market, by Application, 2020-2025 (Units)
Table 95 Freight: Rolling Stock Market, by Application, 2016-2019 (USD Million)
Table 96 Freight: Rolling Stock Market, by Application, 2020-2025 (USD Million)
11.4.1 Locomotives
11.4.1.1 Asia Oceania is Projected to be the Largest Market for Locomotives for Freight Transportation
Table 97 Locomotives: Freight Transportation Rolling Stock Market, by Region, 2016-2019 (Units)
Table 98 Locomotives: Freight Transportation Rolling Stock Market, by Region, 2020-2025 (Units)
Table 99 Locomotives: Freight Transportation Rolling Stock Market, by Region, 2016-2019 (USD Million)
Table 100 Locomotives: Freight Transportation Rolling Stock Market, by Region, 2020-2025 (USD Million)
11.4.2 Wagons
11.4.2.1 High Demand for Rail Freight Transportation in North America is Expected to Boost the Market for Wagons in the Region
Table 101 Wagons: Freight Transportation Rolling Stock Market, by Region, 2016-2019 (Units)
Table 102 Wagons: Freight Transportation Rolling Stock Market, by Region, 2020-2025 (Units)
Table 103 Wagons: Freight Transportation Rolling Stock Market, by Region, 2016-2019 (USD Million)
Table 104 Wagons: Freight Transportation Rolling Stock Market, by Region, 2020-2025 (USD Million)
11.5 Key Industry Insights

12 Rolling Stock Market, by Region
12.1 Introduction
Figure 50 Rolling Stock Market, by Region, 2020-2025
Table 105 Rolling Stock Market, by Region, 2016-2019 (Units)
Table 106 Rolling Stock Market, by Region, 2020-2025 (Units)
Table 107 Rolling Stock Market, by Region, 2016-2019 (USD Million)
Table 108 Rolling Stock Market, by Region, 2020-2025 (USD Million)
12.2 Operational Data
Table 109 Major Rolling Stock Players, by Region
12.2.1 Assumptions
12.2.2 Research Methodology
12.3 Asia Oceania
12.3.1 Existing/Upcoming Rapid Transit Projects in Asia Oceania
Table 110 Proposed Rapid Transit Projects in Asia Oceania
12.3.2 Upcoming Light Rail Projects in Asia Oceania
Table 111 Proposed Light Rail Projects in Asia Oceania
12.3.3 Upcoming High-Speed Rail/Bullet Train Projects in Asia Oceania
Table 112 Proposed Light Rail Projects in Asia Oceania
Figure 51 Asia Oceania: Rolling Stock Market Snapshot
Table 113 Asia Oceania: Rolling Stock Market, by Country, 2016-2019 (Units)
Table 114 Asia Oceania: Rolling Stock Market, by Country, 2020-2025 (Units)
Table 115 Asia Oceania: Rolling Stock Market, by Country, 2016-2019 (USD Million)
Table 116 Asia Oceania: Rolling Stock Market, by Country, 2020-2025 (USD Million)
12.3.4 China
12.3.4.1 Increasing Investments for the Development of High-Speed Rail to Propel Chinese Rolling Stock Market
Table 117 China: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 118 China: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 119 China: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 120 China: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
12.3.5 India
12.3.5.1 Increasing Government Investments for the Electrification of Railway Tracks to Boost the Demand for Electric Locomotives in India
Table 121 India: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 122 India: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 123 India: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 124 India: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
12.3.6 Japan
12.3.6.1 Japanese Rolling Stock Market is Dominated by the EMUs Segment
Table 125 Japan: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 126 Japan: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 127 Japan: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 128 Japan: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
12.3.7 South Korea
12.3.7.1 By Volume, Light Rails/Trams Dominate the South Korean Rolling Stock Market
Table 129 South Korea: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 130 South Korea: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 131 South Korea: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 132 South Korea: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
12.3.8 Australia
12.3.9 Malaysia
12.4 Europe
12.4.1 Upcoming Metro/Monorail Projects in Europe
Table 133 Proposed Metro/Monorail Projects in Europe
12.4.2 Upcoming High-Speed Rail/Bullet Train Projects in Europe
Table 134 Proposed High-Speed Rail/Bullet Train Projects in Europe
12.4.3 Upcoming Rapid Transit Projects in Europe
Table 135 Proposed Rapid Transit Projects in Europe
Figure 52 Europe: Rolling Stock Market Snapshot
Table 136 Europe: Rolling Stock Market, by Country, 2016-2019 (Units)
Table 137 Europe: Rolling Stock Market, by Country, 2020-2025 (Units)
Table 138 Europe: Rolling Stock Market, by Country, 2016-2019 (USD Million)
Table 139 Europe: Rolling Stock Market, by Country, 2020-2025 (USD Million)
12.4.4 Germany
12.4.4.1 EMUs Segment is Projected to Account for the Largest Market Share in the German Rolling Stock Market
Table 140 Germany: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 141 Germany: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 142 Germany: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 143 Germany: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
12.4.5 France
12.4.5.1 Upcoming Investments for the Development of Railway Infrastructure to Boost Rolling Stock Market in France
Table 144 France: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 145 France: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 146 France: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 147 France: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
12.4.6 UK
12.4.6.1 Electric Multiple Unit Segment is Projected to Dominate the Market in the UK
Table 148 UK: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 149 UK: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 150 UK: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 151 UK: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
12.4.7 Italy
12.4.7.1 Electric Locomotive Segment is Projected to be Fastest Growing in Italian Rolling Stock Market
Table 152 Italy: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 153 Italy: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 154 Italy: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 155 Italy: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
12.4.8 Spain
12.4.8.1 EMU Segment is the Fastest-Growing Segment in the Spanish Rolling Stock Market
Table 156 Spain: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 157 Spain: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 158 Spain: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 159 Spain: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
12.4.9 Switzerland
12.4.10 Austria
12.4.11 Sweden
12.5 North America
12.5.1 Existing/Upcoming Metro/Monorail Projects in North America
Table 160 Proposed Metro/Monorail Projects in North America
12.5.2 Upcoming High-Speed Rail/Bullet Train Projects in North America
Table 161 Proposed High-Speed Rail/Bullet Train Projects in North America
12.5.3 Upcoming Rapid Transit Projects in North America
Table 162 Proposed Rapid Transit Projects in North America
Figure 53 North America: Rolling Stock Market Snapshot
Table 163 North America: Rolling Stock Market, by Country, 2016-2019 (Units)
Table 164 North America: Rolling Stock Market, by Country, 2020-2025 (Units)
Table 165 North America: Rolling Stock Market, by Country, 2016-2019 (USD Million)
Table 166 North America: Rolling Stock Market, by Country, 2020-2025 (USD Million)
12.5.4 US
12.5.4.1 Increasing Adoption of Rolling Stock for Freight Transportation to Propel Rolling Stock Market in the US
Table 167 US: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 168 US: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 169 US: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 170 US: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
12.5.5 Mexico
12.5.5.1 The Wagons Segment is Expected to Account for the Largest Share of the Mexican Market in Terms of Volume
Table 171 Mexico: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 172 Mexico: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 173 Mexico: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 174 Mexico: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
12.5.6 Canada
12.5.6.1 The Market in Canada is Dominated by the Wagons Segment
Table 175 Canada: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 176 Canada: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 177 Canada: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 178 Canada: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
12.6 Middle East & Africa (MEA)
Figure 54 Middle East & Africa: Rolling Stock Market, by Country, 2020 vs. 2025 (USD Million)
12.6.1 Upcoming Metro/Monorail Projects in the Middle East & Africa
Table 179 Proposed Metro/Monorail Projects in the Middle East & Africa
12.6.2 Upcoming Rapid Transit Projects in the Middle East & Africa
Table 180 Proposed Rapid Transit Projects in the Middle East & Africa
Table 181 Middle East & Africa: Rolling Stock Market, by Country, 2016-2019 (Units)
Table 182 Middle East & Africa: Rolling Stock Market, by Country, 2020-2025 (Units)
Table 183 Middle East & Africa: Rolling Stock Market, by Country, 2016-2019 (USD Million)
Table 184 Middle East & Africa: Rolling Stock Market, by Country, 2020-2025 (USD Million)
12.6.3 South Africa
12.6.3.1 Increasing Urbanization to Fuel South Africa Rolling Stock Market
Table 185 South Africa: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 186 South Africa: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 187 South Africa: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 188 South Africa: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
12.6.4 UAE
12.6.4.1 Increasing Investments for the Development of Railway Network to Propel Rolling Stock Market in the UAE
Table 189 UAE: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 190 UAE: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 191 UAE: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 192 UAE: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
12.6.5 Egypt
12.6.5.1 Electric Locomotives Segment is Projected to be the Fastest-Growing in Egypt
Table 193 Egypt: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 194 Egypt: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 195 Egypt: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 196 Egypt: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
12.6.6 Iran
12.7 Rest of the World (RoW)
Figure 55 Rest of the World: Rolling Stock Market, by Country, 2020 vs. 2025 (USD Million)
12.7.1 Upcoming Metro/Monorail Projects in the Rest of the World
Table 197 Proposed Metro/Monorail Projects in the Rest of the World
Table 198 Rest of the World: Rolling Stock Market, by Country, 2016-2019 (Units)
Table 199 Rest of the World: Rolling Stock Market, by Country, 2020-2025 (Units)
Table 200 Rest of the World: Rolling Stock Market, by Country, 2016-2019 (USD Million)
Table 201 Rest of the World: Rolling Stock Market, by Country, 2020-2025 (USD Million)
12.7.2 Brazil
12.7.2.1 Electro-Diesel Locomotives Segment Projected to Grow at the Highest CAGR
Table 202 Brazil: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 203 Brazil: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 204 Brazil: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 205 Brazil: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
12.7.3 Russia
12.7.3.1 Growing Freight Corridor to Propel Rolling Stock Market in Russia
Table 206 Russia: Rolling Stock Market, by Product Type, 2016-2019 (Units)
Table 207 Russia: Rolling Stock Market, by Product Type, 2020-2025 (Units)
Table 208 Russia: Rolling Stock Market, by Product Type, 2016-2019 (USD Million)
Table 209 Russia: Rolling Stock Market, by Product Type, 2020-2025 (USD Million)
12.7.4 Argentina
12.8 Key Industry Insights

13 Competitive Landscape
13.1 Market Evaluation Framework
Figure 56 Market Evaluation Framework
13.2 Overview
Figure 57 Key Developments by Leading Players in the Rolling Stock Market
13.3 Market Share Analysis for Rolling Stock Market
Figure 58 Market Share Analysis, 2019
13.4 Market Ranking Analysis for the Rolling Stock Market
Figure 59 Market Ranking Analysis, 2019
13.5 Impact of COVID-19 on Companies in the Rolling Stock Market
13.6 Competitive Scenario
13.6.1 New Product Developments
Table 210 New Product Developments, 2017-2020
13.6.2 Mergers & Acquisitions
Table 211 Mergers & Acquisitions, 2017-2020
13.6.3 Partnerships/Supply Contracts/Collaborations/Joint Ventures/License Agreements
Table 212 Partnerships/Supply Contracts/Collaborations/Joint Ventures/Agreements, 2017-2020
13.6.4 Expansions
Table 213 Expansions, 2017-2020
13.7 Competitive Leadership Mapping for Rolling Stock Market
13.7.1 Stars
13.7.2 Emerging Leaders
13.7.3 Pervasive
13.7.4 Emerging Companies
13.8 Strength of Product Portfolio
Figure 61 Product Portfolio Analysis of Top Players in the Rolling Stock Market
13.9 Business Strategy Excellence
Figure 62 Business Strategy Excellence of Top Players in the Rolling Stock Market
13.10 Start-Up/SME Evaluation Matrix, 2019
13.11 Winners vs. Tail-Enders
Table 214 Winners vs. Tail-Enders

14 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Analyst's View)*
14.1 CRRC
Figure 63 CRRC: Company Snapshot
14.2 Alstom
Figure 64 Alstom: Company Snapshot
14.3 Bombardier
Figure 65 Bombardier: Company Snapshot
14.4 Siemens
Figure 66 Siemens: Company Snapshot
14.5 Kawasaki Heavy Industries
Figure 67 Kawasaki Heavy Industries: Company Snapshot
14.6 General Electric
Figure 68 General Electric: Company Snapshot
14.7 Stadler
Figure 69 Stadler: Company Snapshot
14.8 Construcciones Y Auxiliar De Ferrocarriles
Figure 70 Construcciones Y Auxiliar De Ferrocarriles:Company Snapshot
14.9 Hyundai Rotem
Figure 71 Hyundai Rotem: Company Snapshot
14.10 Mitsubishi Heavy Industries
Figure 72 Mitsubishi Heavy Industries: Company Snapshot
14.11 Talgo
Figure 73 Talgo: Company Snapshot
14.12 Transmashholding
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Analyst's View Might Not be Captured in Case of Unlisted Companies
14.13 Other Key Players
14.13.1 Asia Oceania
14.13.1.1 Toshiba
14.13.1.2 Hitachi
14.13.1.3 Chittaranjan Locomotive Works (CLW)
14.13.1.4 Tech Mahindra
14.13.1.5 Niigata Transys
14.13.1.6 Scomi Engineering
14.13.1.7 Woojin Industrial Systems
14.13.2 Europe
14.13.2.1 ABB
14.13.2.2 Strukton
14.13.2.3 Legios
14.13.2.4 Deuta-Werke
14.13.2.5 Thales Group
14.13.2.6 Deutsche Bahn
14.13.2.7 Lamifil
14.13.2.8 Rhomberg Rail
14.13.2.9 Balfour Beatty
14.13.2.10 Intamin Bahntechnik
14.13.3 North America
14.13.3.1 American Equipment Company
14.13.3.2 Wabtec
14.13.3.3 Ingeteam
14.13.3.4 Calamp
14.13.3.5 Urbanaut Monorail Technology
14.13.4 Rest of the World
14.13.4.1 UGL
14.13.4.2 Randon
14.13.4.3 Sinara Transport Machines
14.13.4.4 Alucast Iran

15 Appendix
15.1 Key Industry Insights
15.2 Discussion Guide
15.3 Knowledge Store: The Subscription Portal
15.4 Available Customizations

Note: Product cover images may vary from those shown
  • ABB
  • Alstom
  • Alucast Iran
  • American Equipment Company
  • ASC GmbH
  • Balfour Beatty
  • Bombardier
  • Calamp
  • Chittaranjan Locomotive Works (CLW)
  • Construcciones Y Auxiliar De Ferrocarriles
  • CRRC
  • Deuta-Werke
  • Deutsche Bahn
  • General Electric
  • Hitachi
  • Hyundai Rotem
  • Ingeteam
  • Intamin Bahntechnik
  • Kawasaki Heavy Industries
  • Lamifil
  • Legios
  • Mitsubishi Heavy Industries
  • Niigata Transys
  • Randon
  • Rhomberg Rail
  • Scomi Engineering
  • Siemens
  • Sinara Transport Machines
  • Stadler
  • Strukton
  • Talgo
  • Tech Mahindra
  • Thales Group
  • Toshiba
  • Transmashholding
  • TUV Germany
  • UGL
  • Urbanaut Monorail Technology
  • Wabtec
  • Woojin Industrial Systems
Note: Product cover images may vary from those shown

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