Rolling Stock Market Share Report

Rolling Stock Market Share Analysis Report By Product (Locomotive, Rapid Transit Vehicle, Wagon), By Type (Diesel, Electric), By Train Type (Rail Freight and Passenger Rail), And Segment Forecasts, 2018 - 2025

  • Published Date: Feb, 2018
  • Base Year for Estimate: 2016
  • Report ID: GVR-2-68038-322-5
  • Format: Electronic (PDF)
  • Historical Data: 2014-2016
  • Number of Pages: 147

Industry Insights

The global rolling stock market size was valued at USD 53.25 billion in 2016 and is estimated to grow significantly over the coming years. Rolling stock has facilitated easy transportation with benefits such as cost-effectiveness, reliability, and comfort. Thus, the demand for rolling stock has been on a steady rise over the past few years and this trend will continue over the forecast period. Growing concertation of population in urban areas is expected to increase demand for rail vehicles such as trams, local trains, and passenger rails. In recent times, travelers have been exhibiting preference for high-speed trains over the conventional kind owing to faster transportation and greater comfort. Thus, governments around the world are investing in tramways and commuter trains to enhance the adoption of passenger rails.

U.S. rolling stock market

Several countries are expanding their rail infrastructure due to increasing population and rapid urbanization. Rail transportation is economical, faster, and well suited for carrying heavy or bulky goods over long distances. Moreover, passengers prefer rail transportation to road transportation owing to reduced traffic and resistance against changing weather conditions. However, high capital investment for implementation of railway infrastructure based on parameters such asload capacity, train length, and speed is restraining market growth.

Use of specialized lightweight components in rail vehicles is a prime requirement in order to improve fuel efficiency and reliability of rail vehicles. Manufacturers are employing latest and advanced technologies to manufacture vehicles. Numerous companies are focusing on implementation of regenerative braking technology in locomotives.The technology facilitates energy saving and reduces need for mechanical brakes, which further increases the efficiency of vehicles.

Locomotives are being used to haul a myriad of goods such as oil, agriculture products, and construction equipment. Several industries such as oil and gas, manufacturing, automotive, and mining are benefiting from the cost benefits offered by rolling stock.

Various governments are introducing stringent standards and norms for increasing the use of rolling stock. For instance, Russian industrial rail operators are required to replace aging locomotives and shunting units with new ones in order to ensure safety. Such new standards and norms are creating growth opportunities for manufacturers in the market.

Product Insights

The rapid transit vehicle segment is expected to witness strong growth over the forecast period owing to high speed and enhanced comfort offered by these vehicles. Moreover, demand for automated trains and magnetic levitation trains for public transportation is expected to rise over the forecast period.

Numerous industries are adopting rail wagons for transportation of goods as they are economical and reliable.Currently, many companies and governments of various countries are making considerable investments to replace their existing rolling stock. Car carrier wagons, flat wagons, hopper wagons, and tank wagons, among others, are the most commonly used wagon types for transporting goods.

Type Insights

Diesel vehicles are commonly used for transportation of heavy goods in most regions. They are widely in industries such as oil and gas, mining, and manufacturing for transportation of goods owing to their features such as cost-effectiveness and high-torque engines. Manufacturers such as CRRC Corporation Limited, Bombardier Transportation, and Alstom Transport are developing turbocharged diesel vehicles to cater to the soaring demand for advanced rail vehicles.

Electric vehicles are expected to form the fastest-growing segment in the rolling stock market owing to benefits such as reduced pollution and enhanced efficiency of vehicles. Electric trains are eco-friendly and emit 20%-30% less carbon monoxide as compared to diesel trains. Growing awareness regarding environment pollution is further encouraging the use of electric vehicles for transportation.

Train Type Insights

Demand for passenger rails has been constantly increasing globally. Moreover, passenger rails are mass transit systems and hence, more cost-effective than roadways. Trams, metros, and high-speed trains are the most preferred passenger rails, owing to their faster transportation service.

Europe rolling stock market

Rail freights are used for transportation of goods and are a part of the logistics chain.A rail freight has a wide range of applications in the automotive, oil and gas, mining, and construction industries. Additionally, implementation of GPS tracking systems and integration of intelligent systems have improved the quality of these vehicles.

Regional Insights

The Asia Pacific region is estimated to dominate the market for rolling stock over the forecast period owing to large-scale adoption of rail vehicles for transporting passengers and goods. The growth of the regional market can also be attributed to increase in investments in metro and electric trains in countries such as China, India, and Taiwan.

MEA is expected to be the fastest-growing region over the forecast period owing to increasing applications of rolling stock in the oil and gas and mining industries for transportation of goods. The regional market is also driven by rising usage of rolling stock for producing oil. In the oil and gas industry, rolling stock is used to transfer oil from one place to another using tank wagons, owing to their enhanced safety and high torque power.

Rolling Stock Market Share Insights

Prominent players in the market includeCRRC Corporation Limited, Bombardier Transportation, Alstom Transport, GE Transportation, Trinity Rail Group, LLC, Siemens Mobility, Stadler Rail AG, Hitachi Rail Systems, The Greenbrier Co., and Hyundai Rotem.

The market is consolidated due to increased mergers and acquisitions. In June 2015, CNR and CSR merged to form CRRC, a leading player in the market for rolling stock.CRRC is also the leading player in new vehicle segments such as high-speed trains, metro cars, electric locomotives, and diesel locomotives. Key players have employed innovative ideas and improved manufacturing techniques for enhancing their product portfolios.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation

Revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, South America, and MEA

Country scope

U.S., Canada, Mexico, U.K., Germany, Russia, China, Japan, India, and Brazil

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and analyzes latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global rolling stock market report based on product, type, train type, and region:

  • Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Locomotive

    • Rapid Transit Vehicle

    • Wagon

  • Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Diesel

    • Electric

  • Train Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Rail Freight

    • Passenger Rail

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • U.K.

      • Germany

      • Russia

    • Asia Pacific

      • China

      • Japan

      • India

    • South America

      • Brazil

    • Middle East & Africa

Key questions answered by the report
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