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Rolling Stock Market Trends

Report ID: GMI6476
Published Date: Aug 2023
Report Format: PDF

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Rolling Stock Market Trends

The rolling stock industry is witnessing a shift towards electrification and alternative propulsion systems to reduce carbon emissions and enhance energy efficiency. For instance, in October 2022, Indian Railways implemented its EV policy as part of the government's effort to advance e-mobility. The national transporter hopes to increase the use of EVs on its network through this action and to support the construction of EV charging infrastructure at important train stations, office buildings, parking lots, etc. The railways would replace 20% of its fleet with electric vehicles by December 2023, 60% by December 2024, and 100% by the end of 2025, as per the roadmap.

That being said, the integration of digital technologies and smart connectivity into rolling stock is becoming a prominent trend. This includes features, such as real-time passenger information systems, onboard Wi-Fi, predictive maintenance using sensors and data analytics, and improved communication between train systems and control centers. This trend aimed to enhance passenger experience, optimize operations, and improve overall safety and efficiency, thus boosting product adoption rate.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

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.