The market size of rolling stock was reached USD 53.6 billion in 2022 and is set to register 3.5% CAGR through 2023 -2032, due to the growing need for replacing aging rolling stock with modern, safer, and more efficient vehicles worldwide.
The metro type segment held 20% of the market share in 2022 and is poised to reach USD 16.5 billion by 2032, impelled by the rising preference for eco-friendly transports, including electric or hybrid trains.
Asia Pacific market size will garner 45% revenue share in 2022, due to the increasing investments in modernizing transportation infrastructure and addressing urban congestion in the region.
Some of the influential rolling stock companies are Alstom, CAF, Stadler Rail AG, CRRC Corporation Limited, Hitachi, The Greenbrier Companies, Hyundai Corporation, PPF Group N.V., IHI Corporation, Kawasaki Heavy Industries, and MAPNA Group.