Rolling Stock Market Size Worth $121.80 Billion By 2032 | CAGR: 4.9%

The global Rolling Stock Market size is expected to reach USD 121.80 billion by 2032, according to a new study by Polaris Market Research. The report “Rolling Stock Market Share, Size, Trends, Industry Analysis Report, By Product (Locomotive, Rapid Transit vehicle, Wagon); By Type; By Train Type; By Region; Segment Forecast, 2024-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Use of intermodal transportation, where goods are transported by multiple modes of transportation, is becoming increasingly popular. This drives demand for rolling stock that can support the movement of goods between different modes of transportation, such as from truck to train. For instance, in February 2023, from the northeast Chinese city of Langfang, the first international freight train is travelling to Moscow. The estimated distance and transit duration of the railway are 7,800 Kms and 17 days, respectively. Approximately 2,7 million euros' worth of goods, including light industrial equipment, food items, clothes, and everyday essentials, are packed into the convoy.

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As more people become aware of the environmental impact of transportation, there is a growing demand for cleaner and greener transportation solutions. Electric trains are seen as a more sustainable and eco-friendlier alternative. Additionally, compared to air or land travel, the rail freight sector is viewed as a more environmentally friendly means of transportation. Demand for rolling stock is anticipated to rise as interest in sustainability and lowering greenhouse gas emissions increases, which will also increase demand for rail freight transportation.

In February 2023, for its battery trains, Siemens Mobility has received a purchase order from Hessische Landesbahn, in Hessen, for buying three two-car Mireo Plus B vehicles. The new battery trains will run on the regional lines "Oberwesterwaldbahn" (OWB) and "Unterwesterwaldbahn". The OWB's 115-kilometer route includes around 75 km without contact wire, necessitating the use of the trains' batteries. Over 50 stops will be called by the trains in total.

Rising populations and middle classes are driving demand for passenger transportation by rail. This demand drives the need for rolling stock that can support passenger transportation. Furthermore, manufacturers of rolling stock are always coming up with new innovations to enhance the rolling stock's performance, effectiveness, and environmental impact. These technologies increase demand for new rolling stock as they are increasingly frequently used.

Rolling Stock Market Report Highlights

• Rapid transit segment held the dominant position in global market in 2022, owing to the advantages they offer such as improved ride quality, safety, and accessibility which passengers seek in public transport.
• Electric train segment is anticipated to exhibit fastest CAGR during the forecast period as government in various countries try to reduce greenhouse gas emissions and promote the use of sustainable transportation.
• Rail freight held the largest market share due to the growth of e-commerce which is driving demand for efficient and cost-effective transportation of goods.
• MEA is expected to grow at a high CAGR over the projected period. Several countries in the MEA region, such as Morocco, are investing in high-speed rail networks. This is driving the demand for new rolling stock that can support high-speed transportation.
• Key players with global presence including Alstom, Siemens, Wabtec Corporation, Kawasaki Heavy Industries, & Stadler.

Polaris Market Research has segmented the Rolling Stock Market report based on product, type, train type and region:

Rolling Stock Market, Product Outlook (Revenue - USD Billion, 2019 - 2032)

• Locomotive
• Rapid Transit vehicle
• Wagon

Rolling Stock Market, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Diesel
• Electric

Rolling Stock Market, Train Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Rail Freight
• Passenger Rail

Rolling Stock Market, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Rolling Stock Market Report Scope