Dublin, Feb. 06, 2025 (GLOBE NEWSWIRE) — The “Rolling Stock Market by Component, Product Type (Locomotives, Rapid Transits, Coaches, & Wagons), Locomotive Technology (Conventional & Turbocharged), Application (Passenger Transportation & Freight Transportation) & Region – Global Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
The global rolling stock market, by value, is estimated to be USD 28.6 Billion in 2024 and is projected to reach USD 40.1 Billion by 2030, at a CAGR of 5.8% from 2024 to 2030. Technological trends such as the integration of advanced digital technologies including the Internet of Things, AI (artificial intelligence) and big data analytics for predictive maintenance and operational efficiency are influencing market growth.
The rolling stock market comprises major companies such CRRC Corporation Limited (China), Siemens AG (Germany), Alstom SA (France), Stadler Rail AG (Switzerland), and Wabtec Corporation (US). The report covers the competitive landscape and company profiles of the major rolling stock market ecosystem players.
The development of energy-efficient and environmentally friendly propulsion systems, such as hybrid and battery electric trains, is gaining momentum to meet sustainability goals. Other important factors are improved safety through automated train control and signaling systems supported by real-time monitoring and diagnostic facilities. Further, passenger comfort and convenience are enhanced by developing smart entertainment systems, enhanced interior design, and seamless connectivity. All these innovations have the combined effect of increasing performance and reducing operating costs but also offer a better passenger experience, which will positively impact market growth.
Wagons segment holds the prominent market share in the forecast period
Freight wagons are in large demand in countries such as the US, China, and Russia, because of the demand for replacements and strong growth of the logistics sector. The market for freight wagons is hiked by the availability of technologically advanced, custom-made wagons such as chemical and pressure tank wagons and car-carrier and low-loader container-carrying wagons. According to Indian Railways, the domestic carrier transported 139.16 million tonnes of cargo in May 2024. This is 3.6% more than the loading of 134.16 MT achieved in May 2023. Also, according to the Association of American Railroads, rail traffic, including containers and trailers, is increase by 5% in 2023 compared to 2022. Thus, demand for freight wagons will grow during the forecast period due to increasing trade activity.
By, Locomotive Technology, Conventional Locomotives hold the largest market share in rolling stock market
Globally, rail electrification trends are expected to increase the demand for electric and electro-diesel locomotives. Countries like China, India, Japan, USA, Germany and other countries ban the production of diesel locomotives. For example, the California Air Resources Board (CARB) approved regulations in April banning the operation of diesel locomotives in California, and the rule went into effect on January 1, 2024. Such regulation will govern the conventional locomotive market. In addition, the continued progress and modernization of railway infrastructure in developing countries creates a need for robust and cost-effective solutions for locomotives. Also, advances in conventional locomotive technology such as improved fuel efficiency, lower emissions and increased power make them an attractive choice for railway operators.
North America holds the significant market share in the Wagons segment
The wagons segment in the North American rolling stock market is growing due to several key factors such as high demand for the movement of goods on this continent due to the dependence of industries like manufacturing, agriculture, and mining on railways for the bulk movement of goods; demand for wagons gets a boost from the e-commerce business and international trade due to the need to handle large volumes and different types of goods. Freight rail in US accounts for around 40% of long-distance ton-miles more than any other mode of transportation.
Railway companies invest in infrastructure renovation. In turn, this increases rail network efficiency and boosts capacity. The Federal Highway Administration forecasts that total US freight movements will rise to 25.1 billion tons in 2040. As of April 2024, US Railway Freight Car exports reached USD 57.2 Mn and imports reached USD 33.3 Mn, maintaining the trade balance at USD 24 Mn. Further, There is again a drive toward greener technologies where new regulations encourage more energy-efficient and eco-friendly wagons.
Moreover, rail telematics is significantly impacting the railcar market in North America by increasing operational efficiency, safety and asset management. Through GPS tracking, real-time data analysis and wireless communication, telematics systems provide accurate location tracking, condition monitoring and predictive vehicle maintenance. The integration of these advanced technologies into railcars is increasing their demand as rail operators seek to leverage these benefits for competitive advantage and operational excellence. All these factors combined drive innovation and growth in the wagons segment of the market.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 367 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $28.6 Billion |
| Forecasted Market Value (USD) by 2030 | $40.1 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
Market Dynamics
- Drivers
- Focus on Alleviating Traffic Congestion
- Consumer Preference for Energy-Efficient Transportation
- Development of Advanced Rolling Stock Technologies to Enhance Passenger Comfort
- Growing Electrification of Railway Networks
- Rising Demand for Freight Transportation
- Restraints
- Refurbishment of Existing Rolling Stock to Prevent New Procurement
- Capital-Intensive Nature of Rolling Stock
- Opportunities
- Extensive Use of Big Data Analytics in Rail Infrastructure
- Surge in Industrial and Mining Activities
- Shift Toward Hydrogen Fuel Cell Locomotives
- Increasing Demand for Battery-Operated Trains
- Retrofitting of Diesel-Electric Trains
- Challenges
- High Overhaul and Maintenance Costs
- Need for Substantial R&D Investments
Case Study Analysis
- Modernization of Rolling Stock with Stadler Rail’s Flirt Emus
- CRRC Sets Benchmark for Excavation of Big Analog Data Value
- Golinc-M Modules Enable Retrofitting of Remote Condition Monitoring
- Monorail Systems Reduce Traffic Congestion in Korean Metropolis
- Hydrogen Train Project Helps Scottish Government Achieve Net Zero Targets
- Freightliner Shifts Toward Net Zero with Low-Carbon Fuel
Further analysis includes:
- Trends and Disruptions Impacting Customers’ Businesses
- Pricing Analysis
- Ecosystem Analysis
- Supply Chain Analysis
- Patent Analysis
- Technology Analysis
- Investment and Funding Scenario
- Funding, by Application
- Impact of AI/Gen AI on Rolling Stock Market
- Trade Analysis
- Tariff and Regulatory Landscape
- Key Conferences and Events, 2025-2026
- Key Stakeholders and Buying Criteria
Companies profiled in this rolling stock market report include:
- CRRC Corporation Limited
- Siemens AG
- Alstom SA
- Stadler Rail AG
- Wabtec Corporation
- Kawasaki Heavy Industries, Ltd.
- CAF Group
- Hyundai Rotem Company
- Mitsubishi Heavy Industries, Ltd.
- Talgo
- Transmashholding
- Titagarh Rail Systems Limited
- Toshiba Corporation
- Hitachi Rail Limited
- Strukton
- Thales
- Deutsche Bahn AG
- BEML Limited
- Rail Vikas Nigam Limited
- Braithwaite & Co. (India) Ltd.
- Chittaranjan Locomotive Works
- WJIS
- Rhomberg Sersa Rail Holding GmbH
- Sinara Transport Machines
- Trinity Industries, Inc.
- The Greenbrier Companies
- Dawonsys Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/6bschy
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