Rolling Stock Market projected to reach $40.1 billion by 2030, driven by global sustainability goals.
From GlobeNewswire: 2025-04-06 20:30:00
The Rolling Stock Market is estimated to be USD 28.6 billion in 2024, projected to reach USD 40.1 billion by 2030, with a CAGR of 5.8%. Hybrid trains, combining diesel and battery or hydrogen fuel cell tech, offer reduced emissions and fuel consumption, aligning with global sustainability goals and emission regulations.
Electric Locomotives are expected to dominate the market due to energy efficiency and electrification projects in countries like China and India, aiming for net-zero emissions. Lower operating costs and maintenance, along with a push for sustainable transport, drive the adoption of electric locomotives, making them a key market segment.
The Coach segment is growing at a higher CAGR due to increased demand for intercity and long-distance travel, government initiatives for sustainable mobility, and technological advancements in electric and hybrid coaches. Emerging markets in Asia-Pacific show strong demand, with Indian Railways planning to produce 10,000 non-air-conditioned coaches by 2025-26.
North America is expected to register a higher CAGR in the Rolling Stock Market, driven by investments in railway infrastructure, commuter rail network expansion, and modernization initiatives for more energy-efficient trains. The region is also adopting advanced rail technologies, such as the introduction of battery- and electric-powered passenger locomotives in North America, to meet rising transportation needs.
Recent developments in the industry include major refurbishments of train fleets, partnerships for technical support agreements, and initiatives to accelerate the development of sustainable rail solutions worldwide. Key players in the market include CRRC Corporation Limited, Siemens AG, Alstom SA, Stadler Rail AG, and Wabtec Corporation, driving innovation and growth in the rolling stock sector.
Read more at GlobeNewswire: Rolling Stock Market worth $40.10 billion by 2030,