Press Release / Automotive / Rolling Stock Market by CRRC, Alstom, Siemens, Bombardier, Stadler, Hyundai Rotem, Kawasaki Heavy Industries, ABB, Strukton, Wabtec, and General Electric.

Rolling Stock Market by CRRC, Alstom, Siemens, Bombardier, Stadler, Hyundai Rotem, Kawasaki Heavy Industries, ABB, Strukton, Wabtec, and General Electric.

Rolling Stock Market by Product Type (Locomotives, Rapid Transit (DMU, EMU, Light Rail, Metro) Wagons, Coaches), Locomotive Propulsion (Diesel and Electric), Application (Passenger & Freight), Components, Technology & Region — Global Forecast to 2025. There has been a rapid increase in the number of technological advancements in the rolling stock market. This can be primarily attributed to the growing demand for features that ensure the convenience and safety of passengers. Similarly, rolling stock is being innovated, and new vehicle concepts are developed for non-electrified railway lines to reduce carbon emissions further. For example, rolling stock manufacturers are experimenting emission-free trains equipped with fuel cell drive.

The rolling stock market, in terms of value, is projected to grow at a CAGR of 4.44% from 2018 to 2025. The market was valued at USD 52.50 billion in 2017 and is projected to reach USD 73.80 billion by 2025.

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Electro-diesel locomotive is estimated to be the fastest growing segment, by type, of the rolling stock market. This can be attributed to the globally increasing electrification of rail tracks. As electric traction for the railways is proved to be the most energy efficient operation, the electrification of rail tracks is expected to expand exponentially in the coming years. Thus, the development of the rail industry and the expansion of electrified rail tracks would act as a catalyst to the growth of the rolling stock market. Europe is estimated to be the largest market of electro-diesel locomotive, and the trend is expected to continue until 2025.

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Increasing urbanization, adoption of public transport as a means of reducing traffic congestion, growing demand for energy-efficient transport and increasing adoption of rolling stocks for freight transportation are major drivers of the rolling stock market. Along with this, the leading rail infrastructure developers are also adopting collaboration strategies with local rail authorities to develop rail infrastructure.

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The conventional locomotives market is projected to grow at the highest CAGR from 2018 to 2025 and holds the largest market share of the rolling stock market. The primary advantage of the turbocharged locomotives is that it gives more power with no increase in fuel costs. Countries such as China, Japan, Germany, UK, France, and Canada are rigorously focusing on improving rail transport to reduce the increasing strain on roadways and airways. Thus, increased investments have been made by the governments for the development of electric railway infrastructure, which will boost the market for conventional electric and electro-diesel locomotives.

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The key players in the market include CRRC (China), Alstom (France), Siemens (Germany), Bombardier (Canada), Stadler (Switzerland), Hyundai Rotem (South Korea), Kawasaki Heavy Industries (Japan), ABB (Switzerland), Strukton (The Netherlands), Wabtec (US), and General Electric (US). These players are increasingly undertaking mergers and acquisitions, and product launches to develop and introduce new technologies and products in the market.