Rolling Stock Market Application, Types, Region and Business Growth Drivers by 2026
Rolling Stock Market Outlook – 2026
The term rolling stock in rail transport industry refers to any vehicles that move on a railway. It usually includes both powered and unpowered vehicles, for example locomotives, railroad cars, coaches, and wagons. There has been a steady rise in rolling stock market as it facilitates easy transportation along with benefits such as reliability, cost effectiveness and comfort. Diesel locomotives run on diesel engine. Diesel locomotives are of different types such as diesel-pneumatic, diesel-steam, diesel-hydraulic, diesel-electric, and diesel-mechanical. Electric locomotives run on electric power from fuel cell or battery or overhead lines. Metros are mass rapid transit trains and majorly run in metro cities. These trains equipped with automatic train supervision system (ATS) and automatic train protection system (ATP) are stainless steel or aluminum made. Light rail vehicles (LRVs) or tram or streetcar is another type of rail vehicle that runs on urban tracks. Normally rolling stocks can be conventional or turbocharger locomotives.
Rolling stocks also runs on maglev technology (magnetic levitation). Demand for rapid urban transport is increasing due to growing population. Rolling stocks such as EMU, DMU, etc. are cheapest mode of transportation as a passenger trains. Growing urban population is anticipated to increase demand for rail vehicles such as trams, local trains, and passenger rails. There has been preference shift by the travelers towards high speed trains over the conventional transportation modes considering fast and comfort features. The governments of various countries are investing huge in commuter train infrastructure to promote passenger rails. For Instance, Siemens announced the investment of 200 million euros to start rolling stocks factory at Goole in the East Riding of Yorkshire, UK in March 2018. In April, the company got approval from the Orange County Transportation Authority to supply vehicles for the county’s Streetcar project. The continuous support from government and technology adoption by the rolling stock manufacturers has positively impacted the rolling stock market growth.
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The significant driving factors influencing the growth of the Rolling Stock Market include growing demand for transportation of goods, increased spending in rapid public transport systems and investment in rail infrastructure projects by emerging economies across the globe. Moreover, goods transportation by rolling stock is cheap, faster and involves less insurance charges than road transport. Increasing high-speed rail networks in developing nations and demand for energy-efficient transport along with demand for safety and comfort are the factors that will drive the growth for rolling stock market.
In addition, Rolling stock involves high capital and high overhaul and maintenance costs, along with high expenditure on R&D and presence of refurbishment of existing rolling stock are some restraining factors for the growth of rolling stock market. Furthermore, growing urbanization in emerging economies, Increase in industrial and mining activity and big data applications in the rail industry creates opportunities that will drive the global Rolling Stock Market.
The major companies profiled in the Rolling Stock Market Share include CRRC Corporation Limited (China), Alstom (France), Siemens Mobility (Germany), Bombardier Transportation (Canada), General Electric (US), Hyundai Rotem (South Korea), Kawasaki Heavy Industries (Japan), Trinity Rail Group , and Stadler (Switzerland), Stadler Rail AG and others. These market players have implemented a number of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their status in the industry.
Rolling Stock Market is segmented into Product type, Locomotive Propulsion, application and region. Based on Product type, it is categorized into Locomotives, Rapid Transit (DMU, EMU, Light Rail, Metro)Wagons, Coaches. Based on Locomotive Propulsion, the market is classified into Diesel and Electric. Based on application market is classified into Passenger & Freight. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- This study comprises analytical depiction of the global Rolling Stock Market trends with current trends and future estimations to depict the imminent investment pockets.
- The overall potential is determined to understand the profitable trends to gain a stronger foothold in Rolling Stock industry.
- The Rolling Stock market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current Rolling Stock market forecast is quantitatively analyzed from 2017 to 2025 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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ROLLING STOCK MARKET KEY SEGMENTS
By Product type
- Rapid Transit (DMU, EMU, Light Rail, Metro)
By Locomotive Propulsion
- Traction Motor
- Auxiliary Power System
- Air Conditioning System
- Passenger Information System
- Position Train Control
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