Market Dynamics

Rapid urbanization in developing countries, high government expenditure on development of present rail infrastructure and increasing demand for smart, speed and comfortable rail transportation system are major factors expected to drive the growth of global market. In addition, increasing consumer’s preference for railway transport and introduction of for rail vehicles such as trams, local trains, passenger rails, etc. is another factor expected boost the growth of target market.

Major players approach towards business development through strategic merger and acquisition in order to enhance the customer base is another factor expected to further augment the growth of target market.

• In 2018, Bombardier a multinational manufacturer of business jets and rail introduced new BOMBARDIER TRAXX 3 platform. This is expected to help the company to enhance the business presence and increase the profit.
• In 2018, CRRC Nanjing Puzhen Co., Ltd. developed an Automated-People-Mover-Systems (APCM) named INNOVIA APM 300. This is expected to help the company to enhance the customer base. In addition, in 2017, CRRC also manufactured a low-speed Maglev train comprising 6 cars with a capacity of around 1,032 passengers and speed of 100 km/h.
• In 2018, Alstom a multinational company operating worldwide in rail transport markets introduced high-speed line in Spain connecting Madrid and Castellón by a very high-speed train S-100. This is expected to attract consumers and enhance the profit ratio.
• In 2020 Alstom a multinational company operating worldwide in rail transport markets acquired Bombardier rail business. This is expected to help the company to enhance the customer base and increase the revenue share.
• In 2020 Akiem a leader in locomotive leasing and related services acquired Macquarie European Rail fleet. This acquisition is expected to help the company to enhance the revenue share.
• In 2018, Bombardie signed an agreement with Malaysian Industry Government Group for High Technology (MIGHT) with the focus on developing home-grown rail industry. This is expected to help the company to enhance the customer base

However, factors such as high cost associated to product & maintenance and high operational investment are factors expected to hamper the growth of global rolling stock market. In addition, refurbishment of existing rolling stock is another factor expected to further challenge the growth of target market.

Increasing industrial and mining activity across the globe and rising urbanization are major factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, increasing partnership and agreements between players is another factor expected to revenue support the growth of target market.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share owing to increasing consumers preference for passenger vehicles for long distance. In addition, high presence of large number of players operating in the country along with introduction of innovative solutions is another factor expected to support the growth of target market.

In addition, increasing merger and acquisition activities among players in order to enhance the business presence is another factor expected to boost the growth of target market.

Asia Pacific is expected to witness faster growth in the near future owing to increasing government expenditure on development of present rail system. In addition, deployment of high speed railways for long distance is expected to boost the growth of regional market.

Competitive Landscape

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Rolling Stock Market Segment Analysis, 2019

The global rolling stock market is segmented into product, type, and trail type. The product segment is further bifurcated into locomotive, rapid transit vehicle, and wagon. Among the train type the passenger rail segment is expected to account for significant revenue share in the global market due to increasing preference of cost-effective and comfortable rail transport from consumers for short distance.

The players profiled in the report CRRC Corporation Limited, Bombardier Transportation, Trinity Rail Group, LLC, Alstom Transport, GE Transportation, Siemens Mobility, Hitachi Rail Systems, Stadler Rail AG, The Greenbrier Co., and Hyundai Rotem.

Market Segmentation

Market By Product

• Locomotive
• Rapid Transit Vehicle
• Wagon

Market By Type

• Diesel
• Electric

Market By Train Type

• Rail Freight
• Passenger Rail

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa