Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Railway Rolling Stock Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Railway Rolling Stock Market Grow Between 2024 and 2025?
The market size of the railway rolling stock has seen significant growth in the past few years. It is predicted to increase from $53.46 billion in 2024 to $56.24 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.2%.
How Much Will the Railway Rolling Stock Market Be Worth in 2029?
The Railway Rolling Stock Global Market is predicted to expand to $70.05 billion by 2029, with a compound annual growth rate (CAGR) of 5.6%.
Download the Free Sample Now:
Which Railway Rolling Stock Market Drivers Are Linked to Revenue Growth?
The key drivers in the railway rolling stock market are:
• Surge in investments in smart transportation systems
• A broader focus on sustainable and green transportation solutions
• Expansion of high-speed rail projects worldwide
• Rising adoption of autonomous and digital technologies in the railway industry.
Which Segments Are Expected to Grow in the Railway Rolling Stock Market?
The railway rolling stock market covered in this report is segmented –
1) By Type: Type I, Type II, Type III, Type IV
2) By Wheel Type: Monoblock Wheels, Resilient Wheels, Rubber Tired Wheels, Steel Tired Wheels, Other Special Wheels
3) By Axle Type: Hollow Axles, Solid Axles
4) By Application: High Speed Trains, Light Rail Vehicles, Locomotives, Metros, Regional And Commuter Trains, Special Purpose Vehicles
Explore the Complete Market Report:
What Are The Key Trends Impacting Growth In The Global Railway Rolling Stock Market?
The key trends in the railway rolling stock market are:
• The integration of Internet of Things (IoT) and big data analytics is becoming a major trend.
• There is a growing shift towards electric and hybrid locomotives.
• The use of predictive maintenance technologies is rising.
• There is an increased focus on enhancing passenger experience and amenities.
Who Are the Key Competitors in the Global Railway Rolling Stock Market?
Major players in the railway rolling stock market are:
• Hitachi Ltd
• General Electric Company
• Mitsubishi Electric Corporation
• CRRC Corporation Limited
• ABB Ltd.
• Alstom S.A.
• Thales Group
• Kawasaki Heavy Industries Ltd
• Wabtec Corporation
• Knorr-Bremse AG
• Bombardier Transportation
• Tech Mahindra Ltd.
• Toshiba Infrastructure Systems & Solutions Corporation
• Stadler Rail AG
• Construcciones y Auxiliar de Ferrocarriles SA
• The Greenbrier Companies Inc
• Hyundai Rotem Company
• SYSTRA Group
• Trinity Industries Inc.
• CSR Corporation Limited
• Vossloh AG
• Amsted Rail Company Inc
• Škoda Transportation as
• PESA Bydgoszcz SA
• Siemens Mobility GmbH
• Nippon Sharyo Ltd
• Patentes Talgo SL
• Talgo SA
• FreightCar America Inc
Where Is the Railway Rolling Stock Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the railway rolling stock market in 2024
