Rolling Stock Market worth $65.6 billion by 2028 - Exclusive Report by MarketsandMarkets™

Developed nations such as Germany, France, and the UK are promoting the use of rapid transit systems to reduce traffic congestion. India, China, Egypt, Brazil, and the Gulf countries have increased their investments in the development of metros due to the growing urban population in these countries. Due to such investment demand for rolling stock will we more during the forecast period. Developed nations such asGermany,France, and the UK are promoting the use of rapid transit systems to...

Developed nations such as Germany, France, and the UK are promoting the use of rapid transit systems to reduce traffic congestion. India, China, Egypt, Brazil, and the Gulf countries have increased their investments in the development of metros due to the growing urban population in these countries. Due to such investment demand for rolling stock will we more during the forecast period.

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Rolling Stock Market Scope:

Europe is expected to be the second-largest market during the forecast

Europe is estimated to second larget market of the rolling stock in 2023 in terms of value. Germany, The region is a major hub for several renowned OEMs, including Alstom SA (France), Stadler (Switzerland), Talgo (Spain), Siemens AG (Germany), and Construcciones y Auxiliar de Ferrocarriles (Spain). The European rail supply industry is the largest in the world. Most European rails are equipped with high-end technologies, which include wireless radio connections, wireless data transmissions, eco-friendly cars, and features providing comfort. However, the adoption of high-end technology is lower in East European countries compared to West European countries such as the UK, Germany, France, and Spain. This offers rolling stock OEMs opportunities to increase their presence in Eastern Europe. The EU Railway targets to build a 31,000 km high-speed rail track by 2030. Projects such as FP1- MOTIONAL, FP2- R2DATO, and FP3- IAM4RAIL are expected to boost the growth of the European rolling stock market.

By Locomotive, Electric locomotive segment is expected to be the largest segment in the forecast

The Electric locomotive segment is estimated to lead the global rolling stock industry by locomotive type. An electric locomotive obtains power from an overhead wire or a storage battery. There is an increase in the electrification of railway tracks globally, owing to reduced vehicle emissions. Asia Oceania and Europe are increasingly investing in the electrification of railway tracks. As of March 2023, Indian Railways completed electrifying 90% of its network. European countries plan to electrify 70% of their rail network by 2025, which includes the expansion and electrification of the existing track length. Government initiatives like tax breaks and subsidies may help promote the use of electric locomotives. For instance, some nations provide incentives to businesses that finance the development of electric locomotives or other sustainable energy technology. Since they emit no emissions when in use, electric locomotives are more environmentally friendly than diesel locomotives. Because of this, they are appealing to organizations and governments that want to reduce their carbon footprint. In February 2022, Alstom SA signed a contract with Belgium's Société Nationale des Chemins de Fer Belges (SNCB) worth USD 136 million to supply 50 electric Traxx locomotives for passenger transportation. In March 2023, Siemens Mobility Austria GmbH received an order from ÖBB for additional 27 Siemens Desiro ML electric trainsets. With this order, ÖBB is continuing to renew its fleet and investing in modern trains for inner-Alpine transport.

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Rolling Stock Market Dynamics:

Drivers:

Restraints:

Opportunities:

Challenges:

Key Market Players:

The major players in global rolling stock companies include CRRC Corporation Limited (China), Alstom SA (France), Siemens AG (Germany), Stadler Rail AG (Switzerland), and Wabtec Corporation (US). 

Recent Developments:

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