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The size of the world's rolling stock market, estimated at USD 61.9 billion in 2022, is anticipated to rise at a 7.0% CAGR from 2023 to 2030. Long-distance freight and passenger transportation can be made more pleasant, dependable, and affordable with the use of rolling equipment like waggons, locomotives, freight cars, and rapid transit vehicles. Due to an increase in the use of public transport, including local trains, passenger trains and metros, the demand for rolling stock has increased during the course of the projection period. A key factor in the overall growth of the rolling stock market is the government's increasing budgetary allocation and launching of various projects for the development of railway infrastructure.
An Indian energy conglomerate named NTPC Ltd. confirmed an order for six electric locomotives, which would be used for the first time in industrial applications in India, according to Bharat Heavy Electricals Limited (BHEL). The locomotives will be made at the company's Jhansi, Uttar Pradesh, factory. While its Bengaluru operation will design and deploy the IGBT (Insulated Gate Bipolar Transistors)-based propulsion technology, its Bhopal plant will supply the traction motors for the trains.
The effects of COVID-19 were felt all around the world. Many nations imposed lockdowns in accordance with the World Health Organization's (WHO) directives, which led to a global halt in trade. Countries like China significantly hampered exports and imports, which led to a worldwide stoppage of manufacturing and the closing of facilities. These events had a negative effect on the rolling stock market. The worldwide rolling stock market was facing an unsure recovery timeframe due to the disruptions produced by the production process and supply chain, as well as the decline in demand for the locomotive fleet.
In the nations affected by COVID-19, the demand for rolling stock was impacted; having a partial or complete lockdown and travel restrictions further reduced the demand. The demand for rolling stock, however, underwent a comeback as production and factory operations returned, sparking the resumption of railway projects all over the world, as the lockdown was removed globally, easing commerce and travel restrictions. The rolling stock has undergone significant technological advancement since the inception of the railway transportation system. Railway travel is becoming more streamlined, convenient, rapid, and ecologically friendly thanks to technological advancements. Major players are developing novel solutions based on the technical advantages that rolling stock now has. To improve the fuel efficiency and dependability of trains, many businesses are creating lightweight components.
Report Coverage
Global Rolling Stock research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Rolling Stock report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Rolling Stock competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Rolling Stock market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Rolling Stock market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Rolling Stock market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
CRRC Corporation; Trinity Rail; Alstom Transport; GE Transportation; Siemens Mobility; Stadler Rail AG; Hitachi Rail System; The Greenbrier Co.; Hyundai Rotem.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Rolling Stock market based on the below-mentioned segments:
Global Rolling Stock Market, By Type
Diesel
Electric
Global Rolling Stock market, By Product
Locomotive
Rapid Transit Vehicle
Wagon
Global Rolling Stock market, Regional Analysis
An Indian energy conglomerate named NTPC Ltd. confirmed an order for six electric locomotives, which would be used for the first time in industrial applications in India, according to Bharat Heavy Electricals Limited (BHEL). The locomotives will be made at the company's Jhansi, Uttar Pradesh, factory. While its Bengaluru operation will design and deploy the IGBT (Insulated Gate Bipolar Transistors)-based propulsion technology, its Bhopal plant will supply the traction motors for the trains.
The effects of COVID-19 were felt all around the world. Many nations imposed lockdowns in accordance with the World Health Organization's (WHO) directives, which led to a global halt in trade. Countries like China significantly hampered exports and imports, which led to a worldwide stoppage of manufacturing and the closing of facilities. These events had a negative effect on the rolling stock market. The worldwide rolling stock market was facing an unsure recovery timeframe due to the disruptions produced by the production process and supply chain, as well as the decline in demand for the locomotive fleet.
In the nations affected by COVID-19, the demand for rolling stock was impacted; having a partial or complete lockdown and travel restrictions further reduced the demand. The demand for rolling stock, however, underwent a comeback as production and factory operations returned, sparking the resumption of railway projects all over the world, as the lockdown was removed globally, easing commerce and travel restrictions. The rolling stock has undergone significant technological advancement since the inception of the railway transportation system. Railway travel is becoming more streamlined, convenient, rapid, and ecologically friendly thanks to technological advancements. Major players are developing novel solutions based on the technical advantages that rolling stock now has. To improve the fuel efficiency and dependability of trains, many businesses are creating lightweight components.
Report Coverage
Global Rolling Stock research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Rolling Stock report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Rolling Stock competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Rolling Stock market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | CRRC Corporation; Trinity Rail; Alstom Transport; GE Transportation; Siemens Mobility; Stadler Rail AG; Hitachi Rail System; The Greenbrier Co.; Hyundai Rotem. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Rolling Stock Market from 2021 to 2030.
- Market Forecast for Rolling Stock Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Rolling Stock competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Rolling Stock
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Rolling Stock market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Rolling Stock market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
CRRC Corporation; Trinity Rail; Alstom Transport; GE Transportation; Siemens Mobility; Stadler Rail AG; Hitachi Rail System; The Greenbrier Co.; Hyundai Rotem.
Primary Target Market
- Market Players of Rolling Stock
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Rolling Stock market based on the below-mentioned segments:
Global Rolling Stock Market, By Type
Diesel
Electric
Global Rolling Stock market, By Product
Locomotive
Rapid Transit Vehicle
Wagon
Global Rolling Stock market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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