Fact.MR, a market research and competitive intelligence provider, states that the rolling stock market surpassed US$ 50 Bn in 2020. Increasing urbanization and the need for faster transportation is influencing the market positively.
Manufacturers of rolling stock are focusing on quicker transportation of for various media. Also, increasing focus on ease and comfort while traveling is driving growth. Thus, the market is expected to surpass a CAGR of 4% from 2021-2031, to reach US$ 77 Bn.
Key Points Covered in Rolling Stock Industry Analysis
- Market estimates and forecast 2016-2031
- Key drivers and restraints impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Rolling Stock Market and How to Navigate
- Recommendation on Key Winning Strategies
Rolling Stock Market Historical Trends 2016-2020 Vs Future Outlook 2021-2031
According to Fact.MR, over the last five years (2016-2020), the market expanded to reach a revenue of over US$ 50 Bn in 2020. Increasing congestion in urban areas, and focus on environmentally friendly options for the functioning of rails is driving the growth of the rolling stock industry.
Prospects temporarily dipped in the first half of 2020, attributed to transport constraints imposed due to the COVID-19 pandemic. However, rising demand for transporting essentials such as food and pharmaceutical products sustained sales. From 2021 to 2031, the industry is expected to surpass a CAGR of 4% through 2031.
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Will Consistent Predictive Maintenance Improve Rolling Stock Asset Management?
Investments in rolling stock are highly cost-intensive, with a typical lifecycle of a maximum of one to two years. Consequently, repair and maintenance services provided by rolling stock manufacturers are aimed at optimizing and increasing the average age of rolling stock.
Incorporation of predictive maintenance has changed the course of rolling stock asset management wherein connected technologies, remote monitoring, digital analysis, and big data analytics have paved new ways in the traditional business model for services in the market for rolling stock.
Future forecast of the new rolling stock sales is likely to stabilize as investors seek more cost and return-oriented from rolling stock OEMs. Real-time monitoring and predictive maintenance services have helped optimize value propositions thereby strengthening the repair and maintenance services in the rolling stock landscape.
How are Passenger Coaches Increasing Profitability for Rolling Stock?
As safety and comfort of passengers remain the prime focus of new or under-maintenance rolling stock, their replacements are frequent as compared to other types such as multiple units, locomotives or freight wagons.
Passenger coach rolling stock have been deemed the most maintenance-intensive category as they are subjected to maximum utilization by passengers. For instance, the Indian Railways (IR) is increasingly procuring shipments of Linke-Hofmann-Busch (LHB) coaches to enhance travel experience and reduce chances of accidents.
Manufacturers in the rolling stock market, particularly passenger coaches, are set to witness profitability in the coming future by procuring steady and new tenders of passenger coach rolling stock.
How are Rolling Stock Becoming Prime Means of Transport De-carbonization?
With railways gaining prominence as a primary means of sustainable mobility, there have been assertive project proposals to remove diesel trains from the railway transportation infrastructure.
Additionally, proposals to connect other low-carbon transportation modes with railways such as bicycle sharing and facilities of their parking at railway stations are underway. The European Commission has made greater strides in promoting de-carbonization of the transport sector to achieve greenhouse gas reduction.
The Rail Safety and Standards Board (RSSB), U.K., has announced funding competitions to support the government-led initiative of removal of diesel trains from Britain’s railway by 2040. India has also prioritized railway de-carbonization.
To achieve the carbon emission reduction targets, projects to shift from diesel-powered rail network to an electrified rail network is proposed wherein significant steps are underway in the same direction.
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Rolling stock Marketplace Exhibits Heavy Consolidation
The rolling stock industry remains highly consolidated with the top 5 players - CRRC Corporation Limited, Bombardier Transportation, Alstom Transport, GE Transportation and Siemens, who hold significant revenue shares in the market.
Competition remains intense in the rolling stock market, with CRRC Corporation at the forefront, which continues to face a fierce competition from Bombardier and GE.
Additionally, J-TREC. Alstom, Siemens, Kawasaki Heavy Industries and PESA are other leading contenders who are engaged in product innovation and expansion of their product portfolio.
Why are India and China attracting Investments in the Rolling Stock Market?
Ever increasing population in countries such as India and China is heightened demand for trains as an effective mode of transport, fueling expansion of the rolling stock industry. Both countries are likely to collectively yield nearly 60% revenue across Asia.
For instance, the government of India is focusing on developing metros in urban cities for instant connectivity. In addition, continuous technological advancements in China have spurred the growth of the rolling stock industry. Initiatives such as the National Development and Reform Committee (NDRC) approved US$ 12.86 Bn high-speed rail project are spurring rolling stock sales in China.
What are the Growth Prospects across the U.S. Market?
In 2020, passenger transportation dominated the U.S. market. Advancement in technology for locomotives and continuous development for safe travel is boosting the demand for rolling stock.
Thus, the rolling stock industry is expected to surpass a CAGR of 5% in the projected forecast period. Additionally, expansion of existing sub-urban and metro rail projects as well as inter-state railway infrastructure are collectively expanding sales.
Why are Locomotives Gaining Popularity?
The locomotive rolling stock is receiving stimulus due to constant advancements in loco technology adopted by the manufacturers. A CAGR exceeding 4% is projected for this segment.
In addition, stringent rules and regulations by the government for fuel efficiency make locomotive a desirable option. Thus, the use of locomotives that work on electric power is propelling the market for rolling stock.
How are Freight Wagons Sales Fueling Overall Rolling Stock Demand?
Fact.MR’s report investigates that demand for freight wagons are anticipated to account for more than 50% rolling stock demand in forthcoming years. A surging logistics industry is primarily fueling this expansion.
Rapid urbanization and industrial development is spurring transportation demand for various goods and freight items, prompting investments in railway infrastructure, especially across developing economies.
An Adaptive Approach to Modern-day Research Needs
Manufacturers of rolling stock are focusing on providing agility, comfort and fuel efficiency.
- CRRC Corporation Limited (CRRC), a rolling stock giant signed a strategic agreement with TÜV Rheinland, a global technical service provider – to improve their collaborative services including international compliance testing and certification of rolling stock in September 2018.
- Siemens announced the investment of 200 million euros to start rolling stock factory at Goole in the East Riding of Yorkshire, UK in March 2018. In April, the company got approval from the Orange County Transportation Authority to supply vehicles for the county’s Streetcar project.
- In May 2021, Siemens Mobility and Stadler jointly won a € 114.5 million (US$ 135 million) contract to provide the Lisbon Metro with a state-of-the-art signalling system and a new fleet of modern trains, with the latter agreeing to supply 14 three-car metro trains
Historical Data Available for
|US$ Mn for Value & ‘000 Units for Volume|
Key Regions Covered
Key Market Segments Covered
|Key Market Segments Covered||
Key Companies Profiled
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Available upon Request
Key Segments Covered
- Locomotives Rolling Stock
- Passenger Coaches Rolling Stock
- Multiple Units Rolling Stock
- Freight Wagons Rolling Stock
- Rolling Stock for Freight Application
- Rolling Stock for Passenger Application
Rolling stock Market- Scope of Report
A recent study by Fact.MR on the rolling stock market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering rolling stock.
The study also provides the dynamics responsible for influencing the future status of the rolling stock market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies operating in the rolling stock market, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of rolling stock across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of rolling stock during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Questions Answered in Report
- Which are the most lucrative rolling stock markets?
- Which factors will impact the growth of rolling stock?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the rolling stock industry?
- What are the winning strategies of stakeholders in the market?
Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).
Estimates at global and regional levels for rolling stock are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global rolling stock market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the rolling stock market during the forecast period.
Country-specific valuation on demand for rolling stock has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
In-depth Analysis on Competition Analysis
The report sheds light on leading manufacturers of rolling stock, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering rolling stock has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the rolling stock domain.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the rolling stock industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
- FAQs -
According to Fact.MR, demand for rolling stock in 2020 surpassed US$ 50 Bn
Demand for locomotives is likely to expand at over 4% CAGR until 2031
The rolling stock market is expected to surpass a value of US$ 77 Bn by 2031.
Between 2016 and 2020, rolling stock sales expanded at around 4% CAGR
The rolling stock market is expected to surpass 4% CAGR between 2021 and 2031.
Increase in congestion in urban areas, changing infrastructure and fuel efficiency are the key trends driving rolling stock sales
China and India are the most lucrative region for the growth of rolling stock, yielding 60% of total demand
CRCC Corporation Limited, Alstom, CAF, Hyundai Rotem Company, CJSC Transmashholding, Siemens, Staddler Rail AG, Kawasaki Heavy Industries Ltd, Hitachi Rail Limited and Bombardier are some prominent manufacturers.
The rolling stock industry is expected to register a CAGR of around 5% throughout North America.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
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