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Rolling Stock Market by Component Product Type (Locomotive, Rapid Transit, & Coach), Locomotive Technology (Conventional, Turbocharged, & Maglev), Application (Passenger Transportation & Freight transportation) & Region - Global Forecast to 2028

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Date: 30-May-2023
No. of pages: 382
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“Rising government investment and growing railway electrification network creating demand for rolling stock in the forecast period.”

The global rolling stock market, by value, is estimated to be 54.6 USD Billion in 2023 and is projected to reach 65.6 USD Billion by 2028, at a CAGR of 3.8% from 2023 to 2028. Rolling Stock market growth would be supported by favourable government policies and investment towards railway industry. In Addition to this, leisure travel has become increasingly popular across the globe. This significantly increases the demand for long-distance high-speed rail services as well as local light rail for tourists using public transport due to which demand for rolling stock will be high in the forecast period.

Globally, there has been a rapid increase in industrial activities. Industries need transportation networks to move raw materials and finished goods efficiently. Freight transportation by rail has proved to be more cost-effective and reliable compared to road transport. More than 1.42 billion metric tons of freight were transported in India through the railways during 2022. Increased mining activities in emerging economies are also expected to positively impact the market for freight transportation, which, in turn, is expected to propel the demand for freight wagons and locomotives. According to the International Organizing Committee for the World Mining Congress (WMC) 2022, global mining production was 17.2 billion metric tons in 2020, and Asia accounted for 59.8% of the total production. In 2021, although passenger traffic in the railway industry has declined, freight transportation has increased at a significant rate worldwide. For example, freight transportation increased by 11% in Europe, 9% in the US, 12% in China, 25% in India, and 12% in Oceania. Therefore, mineral-rich countries are expected to expand their rail networks to enhance connectivity.

“Europe region holds the largest market share of EMUs segment.”

The passenger application in Europe accounts for the largest market share of the overall rolling stock market in the region. In Europe, EMUs are majorly used for passenger transportation to reduce emissions from rolling stock. In February 2023, Českédráhy (ČD) launched a tender for the supply of 47 dual-voltage regional EMUs, including the provisioning of selected spare parts and complete services for a period of 15 years. USD 398 million is the estimated value of the contract. The growth of the market in Asia Oceania can be attributed to the high usage of passenger transportation. Due to such developments, the demand for EMUs will increase during the forecast period. The demand for EMUs is expected to increase significantly due to new high-speed train lines in China and the demand for new vehicles in Russia, Japan, Brazil, and the US. In October 2022, Spanish operator Renfe placed a USD 200 million order with CAF for the supply of 29 commuter EMUs together with spare parts. The contract includes an option to extend the future scope of the contract to nine additional EMUs, plus extra cars to extend the units in the initial order.

“By, Locomotive technology, Conventional locomotive hold the largest market share in rolling stock market.”

The Asia Oceania region is the leading producer of rolling stock across the globe and is expected to retain this position during the forecast period for conventional locomotives. Developments in rail transport in Asia Oceania are expected to meet the increasing need for the modernization of the passenger transport system. Growing urbanization increases the development of additional public transportation to overcome issues related to traffic congestion in urban areas. Railway transport serves as a viable option to meet the demand for an urban commute as well as long-distance travel. Various railway projects are in the developmental phase, with heavy investments. For example, in its Union Budget 2022-23, the Indian government allocated Rs. 140,367.13 crore (USD 18.40 billion) to the Ministry of Railways. In December 2022, Network Rail secured USD 37.1 billion in government funding for operational railway infrastructure in England and Wales for the next five years.Also, In January 2023, Siemens AG received an order for 1,200 locomotives of 9,000 horsepower (HP) from Indian Railways, marking the single largest locomotive order in the history of Siemens Mobility and the single largest order in the history of Siemens India. Developments in the field of electric locomotives are expected to fuel the growth of the rolling stock market. This is expected to boost the rolling stock market in the near future.

“Asia Oceania hold the largest market share in the coaches segment”

In terms of volume and value, the Asia Oceania market is projected to grow at the highest rate owing to increasing investments for developments in railway infrastructure in the region. The demand for passenger transportation is also expected to rise due to the increase in urbanization in regions such as Asia Oceania and Europe. In December 2022, the Moscow Metro signed a supplementary agreement with Transmashholding for the procurement of 500 additional rolling stock coaches. In 2022, Indian Railways has selected seven companies to supply propulsion equipment for 58 160km/h Vande Bharat EMUs. Where Siemens will supply traction equipment for 16 trains and Alstom 9. For this purpose, Siemens is set partner with modern coach factory in Amethi, while Alstom will manufacturer its trains in partnership with a rail coach factory at Kapurthala. Thus, due to such developments, the demand for coaches will be high during the forecast period.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.


  • By Company Type: Tier I - 18%, Tier II - 42%,and OEMs - 40%

  • By Designation: C Level Executives - 23%, Directors - 43%,and Others - 34%

  • By Region: Asia Oceania-35%, Europe-25%, North America-20%, MEA-15%, RoW-5%


The rolling stock market comprises major companies such CRRC Corporation Limited (China), Alstom SA (France), Siemens AG (Germany), Stadler Rail AG (Switzerland), and Wabtec Corporation (US). 

Research Coverage:

The market study covers the rolling stock market size and future growth potential across different segments such as by product type, locomotive technology, component, application, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:


  • The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall rolling stock market and its sub segments.

  • This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

  • The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.


The report provides insights on the following pointers:


  • Analysis of key drivers (Increasing preference for railway-based public transport to reduce traffic congestion, Rising demand for energy-efficient transport, Increasing demand for comfort and safety, Increasing electrification of railway networks, Growth in rolling stock order), restraints(Refurbishment of existing rolling stock, Capital-intensive rolling stock), opportunities (Big data applications in rail industry, Increase in industrial and mining activities, Development of hydrogen fuel cell locomotives, Development of battery-operated trains, Development of solar-powered trains), and challenges (High overhaul and maintenance costs, Requirement of high R&D investments).

  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the rolling stock market.

  • Market Development: Comprehensive information about lucrative markets – the report analyses the rolling stock market across varied regions.

  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the rolling stock market.

  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like CRRC Corporation Limited (China), Alstom SA (France), Siemens AG (Germany), Stadler Rail AG (Switzerland), and Wabtec Corporation (US) among others in the electric rolling stock market.

  • Strategies: The report also helps stakeholders understand the pulse of the automotive airbags & seatbelts market and provides them information on key market drivers, restraints, challenges, and opportunities.

Rolling Stock Market by Component Product Type (Locomotive, Rapid Transit, & Coach), Locomotive Technology (Conventional, Turbocharged, & Maglev), Application (Passenger Transportation & Freight transportation) & Region - Global Forecast to 2028

Table Of Contents

1 Introduction 27
1.1 Study Objectives 27
1.2 Market Definition 28
1.2.1 Inclusions And Exclusions 29
Table 1 Inclusions And Exclusions For Study Of Rolling Stock Market 29
1.3 Market Scope 31
Figure 1 Rolling Stock Market Segmentation 31
1.3.1 Years Considered 32
1.4 Currency Considered 32
Table 2 Currency Exchange Rates 32
1.5 Stakeholders 33
1.6 Summary Of Changes 33

2 Research Methodology 34
2.1 Research Data 34
Figure 2 Research Design 34
Figure 3 Research Methodology Model 35
2.1.1 Secondary Data 35
2.1.1.1 List Of Key Secondary Sources 35
2.1.1.2 Key Data From Secondary Sources 36
2.1.2 Primary Data 37
2.1.2.1 Key Data From Primary Sources 38
2.1.2.2 List Of Participating Companies For Primary Research 38
Figure 4 Breakdown Of Primary Interviews By Company Type, Designation,And Region 39
2.1.2.3 Major Objectives Of Primary Research 39
2.1.2.4 List Of Primary Participants 40
2.2 Market Estimation Methodology 40
Figure 5 Research Methodology: Hypothesis Building 41
2.3 Market Size Estimation 42
2.3.1 Bottom-Up Approach 42
Figure 6 Rolling Stock Market Size: Bottom-Up Approach 42
2.3.2 Top-Down Approach 43
Figure 7 Market Size Estimation Methodology For Rolling Stock Market:Top-Down Approach 43
Figure 8 Rolling Stock Market: Market Estimation Notes 43
Figure 9 Rolling Stock Market: Research Methodology Illustration Of Alstom Sa Revenue Estimation 44
2.4 Data Triangulation 45
Figure 10 Data Triangulation Methodology 45
2.5 Factor Analysis 46
2.5.1 Factor Analysis For Market Sizing: Demand Andsupply Sides 46
2.6 Recession Impact Analysis 47
Table 3 Key Countries Rolling Stock Sales, 2022–2023 47
2.7 Research Assumptions 47
2.8 Research Limitations 48

3 Executive Summary 49
Figure 11 Rolling Stock Market Overview 49
Figure 12 Rolling Stock Market, By Region, 2023–2028 50
Figure 13 Wagons Segment To Lead Market During Forecast Period 51
Figure 14 Key Players Operating In Rolling Stock Market, By Region 52

4 Premium Insights 54
4.1 Attractive Opportunities For Players In Rolling Stock Market 54
Figure 15 Rising Investments In Rapid Transit Projects To Drive Market 54
4.2 Rolling Stock Market Share, By Region 54
Figure 16 Asia Oceania Estimated To Account For Largest Market Share In 2023 54
4.3 Rolling Stock Market, By Product Type 55
Figure 17 Wagons Segment To Lead Market During Forecast Period 55
4.4 Rolling Stock Market, By Application 55
Figure 18 Freight Transportation Segment To Register Higher Cagr Than Passenger Transportation Segment During Forecast Period 55
4.5 Rolling Stock Market, By Locomotive Technology 56
Figure 19 Conventional Locomotives Segment To Leads The Market From 2023 To 2028 56

5 Market Overview 57
5.1 Introduction 57
Table 4 Rolling Stock Market: Impact Of Market Dynamics 58
5.2 Market Dynamics 59
Figure 20 Rolling Stock Market: Market Dynamics 59
5.2.1 Drivers 60
5.2.1.1 Increasing Push For Railway-Based Public Transport To Reduce Road Traffic Congestion 60
Figure 21 Driving Time Spent In Traffic Congestion In Us, 2022 61
5.2.1.2 Rising Need For Energy-Efficient Transport 61
Figure 22 Global Co2 Emissions From Different Transport Segments,2000-2030 61
5.2.1.3 Increasing Demand For Comfort And Safety 62
5.2.1.4 Increasing Electrification Of Railway Networks 63
Figure 23 Energy Demand In Railway Industry, By Country, 2017–2050 63
5.2.1.5 Growth In Rolling Stock Orders 63
Figure 24 Fleet Of Indian Locomotive Stock 64
5.2.2 Restraints 64
5.2.2.1 Refurbishment Of Existing Rolling Stock 65
5.2.2.2 Requirement For Significant Investments 65
5.2.3 Opportunities 66
5.2.3.1 Big Data Applications In Rail Industry 66
5.2.3.2 Increase In Industrial And Mining Activities 67
Figure 25 Different Modes Of Freight Transportation 67
5.2.3.3 Development Of Hydrogen Fuel Cell Locomotives 67
5.2.3.4 Development Of Battery-Operated Trains 68
5.2.3.5 Development Of Solar-Powered Trains 68
5.2.4 Challenges 69
5.2.4.1 High Overhaul And Maintenance Costs 69
5.2.4.2 Requirement For High R&D Investments 70
5.3 Pricing Analysis 70
Figure 26 Pricing Analysis By Product Type 70
5.4 Ecosystem Analysis 71
Figure 27 Rolling Stock Market: Ecosystem Analysis 71
Figure 28 Rolling Stock Market: Neural Network 72
Table 5 Role Of Companies In Rolling Stock Ecosystem 72
5.5 Macroeconomic Indicators 74
5.5.1 Gdp Trends And Forecast For Major Economies 74
Table 6 Gdp Trends And Forecast, By Major Economies, 2018–2026 (Usd Billion) 74
Table 7 Real Gdp Growth Rate (Annual Percentage Change And Forecast),By Major Economies, 2022–2026 75
Table 8 Gdp Per Capita Trends And Forecast, By Major Economies, 2022–2026 (Usd) 76
5.6 Supply Chain Analysis 77
Figure 29 Supply Chain Analysis: Rolling Stock Market 77
5.6.1 Raw Material/Component Suppliers 77
5.6.2 Original Equipment Manufacturers 77
5.6.3 Tier 2 Suppliers 78
Table 9 Rolling Stock Market: Supply Chain Stakeholders And Their Strategies 78
5.7 Case Study Analysis 79
5.7.1 Helping Leading French Multinational Rail Transport Company With Localization Program In India 79
Figure 30 Tech Mahindra Solution Offered 79
5.7.2 Excavation Of Big Analog Data Value: Compactrio & Ni Insightcm 80
5.7.3 Golinc-M Modules 80
5.7.4 Intelligent Asset Management (Iam) 81
5.8 Patent Analysis 81
Table 10 Important Patent Registrations Related To Rolling Stock Market 81
5.9 Technology Analysis 88
5.9.1 Magnetic Levitation (Maglev) Trains 88
5.9.1.1 Advantages Of Maglev Trains 89
5.9.1.2 High-Speed Railway Vs. Maglev Trains 90
Table 11 High-Speed Railway Vs. Maglev Railway Systems (200-Mph High-Speed Railway & 250-Mph Maglev) 90
5.9.1.3 Ecological Impact Of Maglev 90
Figure 31 Energy Consumption: Ice Train Vs. Maglev Train(Watt-Hours Per Seat-Km) 91
Figure 32 Co2 Emissions: Ice Vs. Maglev Trains (Grams Per Seat-Km) 91
Figure 33 Fastest Trains, By Country, 2022 92
5.9.2 Rolling Stock Refurbishment 92
5.9.3 Digitalization Of Railways 92
5.9.4 Articulated And Non-Articulated Trains 93
Table 12 Differences Between Articulated And Non-Articulated Trains 93
5.9.5 Tilting And Non-Tilting Trains 94
5.9.6 Autonomous Trains 95
Table 13 Autonomous Train Technologies And Their Benefits 95
Table 14 Level Of Autonomy For Rolling Stock 96
5.9.7 Big Data Analytics And Cloud Computing In Rolling Stock 96
5.9.8 Decarbonization 96
5.9.9 Internet Of Trains 97
5.9.10 Artificial Intelligence In Railway Sector 97
5.10 Tariff And Regulatory Landscape 97
5.10.1 Regulatory Bodies, Government Agencies, And Other Organizations 98
Table 15 North America: List Of Regulatory Bodies, Government Agencies,And Other Organizations 98
Table 16 Europe: List Of Regulatory Bodies, Government Agencies,And Other Organizations 99
Table 17 Asia Pacific: List Of Regulatory Bodies, Government Agencies,And Other Organizations 100
Table 18 Rest Of The World: List Of Regulatory Bodies, Government Agencies,And Other Organizations 101
5.11 Trade Analysis 101
Figure 34 Us: Import And Export Data For Railways And Tramways, Locomotives, Rolling Stock, And Parts, 2016–2021 (Usd Million) 101
Figure 35 China: Import And Export Data For Railways And Tramways, Locomotives, Rolling Stock, And Parts, 2016–2021 (Usd Million) 102
5.12 Key Conferences And Events In 2023–2024 102
Table 19 Rolling Stock Market: Detailed List Of Conferences And Events 102
5.13 Key Stakeholders And Buying Criteria 103
5.13.1 Key Stakeholders In Buying Process 103
Figure 36 Influence Of Stakeholders On Buying Process: Top 3 Rolling Stock Products 103
Table 20 Influence Of Stakeholders On Buying Process: Top 3 Rolling Stockproducts (%) 103
5.13.2 Buying Criteria 104
Figure 37 Key Buying Criteria 104
Table 21 Key Buying Criteria 104
5.14 Trends And Disruptions Impacting Rolling Stock Market 105
Figure 38 Trends And Disruptions Impacting The Market 105
5.15 Rolling Stock Market, Market Scenarios (2023–2028) 105
5.15.1 Most Likely Scenario 106
Table 22 Rolling Stock Market: Most Likely Scenario, By Region,2023–2028 (Usd Million) 106
5.15.2 Optimistic Scenario 106
Table 23 Rolling Stock Market: Optimistic Scenario, By Region,2023–2028 (Usd Million) 106
5.15.3 Pessimistic Scenario 107
Table 24 Rolling Stock Market: Pessimistic Scenario, By Region,2023–2028 (Usd Million) 107

6 Rolling Stock Market, By Component 108
6.1 Introduction 108
6.2 Train Control Systems 109
6.3 Pantographs 109
6.4 Axles 110
6.5 Wheelsets 110
6.6 Traction Motors 110
6.7 Passenger Information Systems 111
6.8 Brakes 111
6.9 Air Conditioning Systems 111
6.10 Auxiliary Power Systems 111
6.11 Gearboxes 112
6.12 Baffle Gears 112
6.13 Couplers 112

7 Rolling Stock Market, By Locomotive Technology 113
7.1 Introduction 114
Figure 39 Conventional Locomotives Segment To Hold Larger Market Share Than Turbocharged Locomotives Segment From 2023 To 2028 115
Table 25 Rolling Stock Market, By Locomotive Technology, 2018–2022 (Units) 115
Table 26 Rolling Stock Market, By Locomotive Technology, 2023–2028 (Units) 115
Table 27 Rolling Stock Market, By Locomotive Technology, 2018–2022 (Usd Million) 116
Table 28 Rolling Stock Market, By Locomotive Technology, 2023–2028 (Usd Million) 116
7.2 Conventional Locomotives 116
7.2.1 Increase In Passenger Transportation To Drive Market 116
Figure 40 Asia Oceania To Hold Largest Market Share During Forecast Period 117
Table 29 Conventional Locomotives: Rolling Stock Market, By Region,2018–2022 (Units) 117
Table 30 Conventional Locomotives: Rolling Stock Market, By Region,2023–2028 (Units) 118
Table 31 Conventional Locomotives: Rolling Stock Market, By Region,2018–2022 (Usd Million) 118
Table 32 Conventional Locomotives: Rolling Stock Market, By Region,2023–2028 (Usd Million) 118
7.3 Turbocharged Locomotives 119
7.3.1 Government Regulations To Create Demand For Turbocharged Locomotives 119
Figure 41 North America To Register Highest Cagr During Forecast Period 119
Table 33 Turbocharged Locomotives: Rolling Stock Market, By Region,2018–2022 (Units) 120
Table 34 Turbocharged Locomotives: Rolling Stock Market, By Region,2023–2028 (Units) 120
Table 35 Turbocharged Locomotives: Rolling Stock Market, By Region,2018–2022 (Usd Million) 120
Table 36 Turbocharged Locomotives: Rolling Stock Market, By Region,2023–2028 (Usd Million) 121
7.4 Maglev Locomotives 121
Table 37 Comparison Between Conventional High-Speed Rail, Maglev, And Hyperloop 122
7.4.1 Types Of Maglev Locomotives 123
7.4.1.1 Electromagnetic Suspension 123
7.4.1.2 Electrodynamic Suspension 123
7.4.1.3 Inductrack 123
7.5 Key Primary Insights 124

8 Rolling Stock Market, By Product Type 125
8.1 Introduction 126
Figure 42 Rising Need For Efficient, Reliable, And Cost-Effective Transportation Of Goods To Create Demand For Wagons 127
Table 38 Rolling Stock Market, By Product Type, 2018–2022 (Units) 127
Table 39 Rolling Stock Market, By Product Type, 2023–2028 (Units) 127
Table 40 Rolling Stock Market, By Product Type, 2018–2022 (Usd Million) 128
Table 41 Rolling Stock Market, By Product Type, 2023–2028 (Usd Million) 128
Table 42 Rolling Stock Models, By Company 129
8.2 Locomotives 129
8.2.1 Rising Electrification To Increase Demand For Electric Locomotives 129
Figure 43 Diesel Locomotives Segment To Lead Market During Forecast Period 130
Table 43 Locomotives Market, By Type, 2018–2022 (Units) 130
Table 44 Locomotives Market, By Type, 2023–2028 (Units) 130
Table 45 Locomotives Market, By Type, 2018–2022 (Usd Million) 131
Table 46 Locomotives Market, By Type, 2023–2028 (Usd Million) 131
8.2.2 Diesel Locomotives 131
8.2.2.1 Rising Demand For Diesel Locomotives In Non-Electrified Tracks To Drive Segment 131
Table 47 Diesel Locomotives Market, By Region, 2018–2022 (Units) 132
Table 48 Diesel Locomotives Market, By Region, 2023–2028 (Units) 132
Table 49 Diesel Locomotives Market, By Region, 2018–2022 (Usd Million) 133
Table 50 Diesel Locomotives Market, By Region, 2023–2028 (Usd Million) 133
8.2.3 Electric Locomotives 133
8.2.3.1 Government Investment Toward Zero Emissions And Advances In Electric Locomotive Technology To Create Demand For Electric Locomotives 133
Table 51 Electric Locomotives Market, By Region, 2018–2022 (Units) 134
Table 52 Electric Locomotives Market, By Region, 2023–2028 (Units) 134
Table 53 Electric Locomotives: Rolling Stock Market, By Region,2018–2022 (Usd Million) 135
Table 54 Electric Locomotives Market, By Region, 2023–2028 (Usd Million) 135
8.2.4 Electro-Diesel Locomotives 135
8.2.4.1 Increasing Demand For Efficient And Environmentally Friendly Transportation To Drive Segment 135
Table 55 Electro-Diesel Locomotives Market, By Region, 2018–2022 (Units) 136
Table 56 Electro-Diesel Locomotives Market, By Region, 2023–2028 (Units) 136
Table 57 Electro-Diesel Locomotives Market, By Region, 2018–2022 (Usd Million) 137
Table 58 Electro-Diesel Locomotives Market, By Region, 2023–2028 (Usd Million) 137
8.3 Rapid Transit 138
8.3.1 Increasing Demand For Public Transportation To Boost Segment 138
Figure 44 Emus Segment To Lead Rapid Transit Market During Forecast Period 139
Table 59 Rapid Transit Market, By Type, 2018–2022 (Units) 139
Table 60 Rapid Transit Market, By Type, 2023–2028 (Units) 139
Table 61 Rapid Transit Market, By Type, 2018–2022 (Usd Million) 140
Table 62 Rapid Transit Market, By Type, 2023–2028 (Usd Million) 140
8.3.2 Diesel Multiple Units (Dmus) 140
8.3.2.1 Non-Feasibility Of Railway Electrification In Certain Areas To Drive Demand For Dmus 140
Table 63 Diesel Multiple Units Market, By Region, 2018–2022 (Units) 141
Table 64 Diesel Multiple Units Market, By Region, 2023–2028 (Units) 141
Table 65 Diesel Multiple Units Market, By Region, 2018–2022 (Usd Million) 141
Table 66 Diesel Multiple Units Market, By Region, 2023–2028 (Usd Million) 142
8.3.3 Electric Multiple Units (Emus) 142
8.3.3.1 Rising Passenger Transportation In Emerging Economies To Create Demand For Emus 142
Table 67 Electric Multiple Units Market, By Region, 2018–2022 (Units) 142
Table 68 Electric Multiple Units Market, By Region, 2023–2028 (Units) 143
Table 69 Electric Multiple Units Market, By Region, 2018–2022 (Usd Million) 143
Table 70 Electric Multiple Units Market, By Region, 2023–2028 (Usd Million) 143
8.3.4 Light Rails/Trams 144
8.3.4.1 Rising Need To Reduce Road Traffic Congestion To Drive Demand For Light Rails 144
Table 71 Light Rails/Trams Market, By Region, 2018–2022 (Units) 144
Table 72 Light Rails/Trams Market, By Region, 2023–2028 (Units) 144
Table 73 Light Rails/Trams Market, By Region, 2018–2022 (Usd Million) 145
Table 74 Light Rails/Trams Market, By Region, 2023–2028 (Usd Million) 145
8.3.5 Subways/Metros 146
8.3.5.1 Rapid Urbanization To Create Demand For Metros 146
Table 75 Subways/Metros Market, By Region, 2018–2022 (Units) 146
Table 76 Subways/Metros Market, By Region, 2023–2028 (Units) 146
Table 77 Subways/Metros Market, By Region, 2018–2022 (Usd Million) 147
Table 78 Subways/Metros Market, By Region, 2023–2028 (Usd Million) 147
8.3.6 Monorails 147
8.4 Coaches 148
8.4.1 New Train Launches To Drive Demand For Coaches 148
Figure 45 Asia Oceania To Hold Largest Market Share In Coaches Segment During Forecast Period 149
Table 79 Coaches Market, By Region, 2018–2022 (Units) 149
Table 80 Coaches Market, By Region, 2023–2028 (Units) 149
Table 81 Coaches Market, By Region, 2018–2022 (Usd Million) 150
Table 82 Coaches Market, By Region, 2023–2028 (Usd Million) 150
8.5 Wagons 151
8.5.1 Rising Freight Transportation To Provide Growth Opportunities 151
Figure 46 North America To Register Highest Cagr During Forecast Period 151
Table 83 Wagons Market, By Region, 2018–2022 (Units) 151
Table 84 Wagons Market, By Region, 2023–2028 (Units) 152
Table 85 Wagons Market, By Region, 2018–2022 (Usd Million) 152
Table 86 Wagons Market, By Region, 2023–2028 (Usd Million) 152
8.6 Others 153
8.6.1 Hyperloop – Future Of Transportation 153
8.7 Key Primary Insights 153

9 Rolling Stock Market, By Application 154
9.1 Introduction 155
Figure 47 Freight Transportation Segment To Hold Larger Market Share During Forecast Period 155
Table 87 Rolling Stock Market, By Application, 2018–2022 (Units) 156
Table 88 Rolling Stock Market, By Application, 2023–2028 (Units) 156
Table 89 Rolling Stock Market, By Application, 2018–2022 (Usd Million) 156
Table 90 Rolling Stock Market, By Application, 2023–2028 (Usd Million) 156
9.2 Passenger Transportation 157
9.2.1 Increasing Urbanization To Drive Passenger Transportation 157
Figure 48 Locomotives To Lead Passenger Transportation Segment From 2023 To 2028 157
Table 91 Passenger Transportation: Rolling Stock Market, By Type, 2018–2022 (Units) 157
Table 92 Passenger Transportation: Rolling Stock Market, By Type, 2023–2028 (Units) 158
Table 93 Passenger Transportation: Rolling Stock Market, By Type,2018–2022 (Usd Million) 158
Table 94 Passenger Transportation: Rolling Stock Market, By Type,2023–2028 (Usd Million) 158
9.2.2 Locomotives 159
9.2.2.1 Increasing Passenger Travel Via Railways To Drive Demand For Locomotives 159
Table 95 Passenger Locomotives Market, By Region, 2018–2022 (Units) 159
Table 96 Passenger Locomotives Market, By Region, 2023–2028 (Units) 159
Table 97 Passenger Locomotives Market, By Region, 2018–2022 (Usd Million) 160
Table 98 Passenger Locomotives Market, By Region, 2023–2028 (Usd Million) 160
9.2.3 Coaches 161
9.2.3.1 Preference For Rail Travel In Asia Oceania To Boost Demand For Passenger Coaches 161
Table 99 Passenger Coaches Market, By Region, 2018–2022 (Units) 161
Table 100 Passenger Coaches Market, By Region, 2023–2028 (Units) 161
Table 101 Passenger Coaches Market, By Region, 2018–2022 (Usd Million) 162
Table 102 Passenger Coaches Market, By Region, 2023–2028 (Usd Million) 162
9.3 Freight Transportation 162
9.3.1 Rise In Trade Activity To Increase Demand For Freight Transportation 162
Figure 49 Freight Transportation Services Index, January 2022–February 2023 163
Figure 50 Wagons To Hold Larger Market Share In Freight Transportation Segment During Forecast Period 163
Table 103 Freight Transportation: Rolling Stock Market, By Type, 2018–2022 (Units) 164
Table 104 Freight Transportation: Rolling Stock Market, By Type, 2023–2028 (Units) 164
Table 105 Freight Transportation: Rolling Stock Market, By Type,2018–2022 (Usd Million) 164
Table 106 Freight Transportation: Rolling Stock Market, By Type,2023–2028 (Usd Million) 164
9.3.2 Locomotives 165
9.3.2.1 Increasing Global Trade And E-Commerce Activities To Increase Demand For Freight Locomotives 165
Table 107 Freight Locomotives Market, By Region, 2018–2022 (Units) 165
Table 108 Freight Locomotives Market, By Region, 2023–2028 (Units) 165
Table 109 Freight Locomotives Market, By Region, 2018–2022 (Usd Million) 166
Table 110 Freight Locomotives Market, By Region, 2023–2028 (Usd Million) 166
9.3.3 Wagons 167
9.3.3.1 Improvements To Railway Network In Asia Oceania To Increase Demand For Freight Wagons 167
Table 111 Freight Wagons Market, By Region, 2018–2022 (Units) 167
Table 112 Freight Wagons Market, By Region, 2023–2028 (Units) 167
Table 113 Freight Wagons Market, By Region, 2018–2022 (Usd Million) 168
Table 114 Freight Wagons Market, By Region, 2023–2028 (Usd Million) 168
9.4 Key Primary Insights 168

10 Rolling Stock Market, By Region 169
10.1 Introduction 170
Figure 51 Asia Oceania To Lead Market During Forecast Period 171
Table 115 Rolling Stock Market, By Region, 2018–2022 (Units) 171
Table 116 Rolling Stock Market, By Region, 2023–2028 (Units) 171
Table 117 Rolling Stock Market, By Region, 2018–2022 (Usd Million) 172
Table 118 Rolling Stock Market, By Region, 2023–2028 (Usd Million) 172
10.2 Asia Oceania 173
10.2.1 Asia Oceania: Recession Impact 173
10.2.2 Existing/Upcoming Rapid Transit Projects In Asia Oceania 174
Table 119 Major Rapid Transit Projects In Asia Oceania 174
10.2.3 Upcoming Light Rail Projects In Asia Oceania 175
Table 120 Proposed Light Rail Projects In Asia Oceania 175
10.2.4 Upcoming High-Speed Rail/Bullet Train Projects In Asia Oceania 176
Table 121 Major Light Rail Projects In Asia Oceania 176
Figure 52 Asia Oceania: Rolling Stock Market Snapshot 177
Table 122 Asia Oceania: Rolling Stock Market, By Country, 2018–2022 (Units) 177
Table 123 Asia Oceania: Rolling Stock Market, By Country, 2023–2028 (Units) 178
Table 124 Asia Oceania: Rolling Stock Market, By Country, 2018–2022 (Usd Million) 178
Table 125 Asia Oceania: Rolling Stock Market, By Country, 2023–2028 (Usd Million) 178
10.2.5 China 179
10.2.5.1 Growing Investments In Railway Infrastructure To Propel Demand For Rolling Stock 179
Table 126 List Of Railway Projects Under China Belt And Road Projects 179
Table 127 China: Rolling Stock Market, By Product Type, 2018–2022 (Units) 180
Table 128 China: Rolling Stock Market, By Product Type, 2023–2028 (Units) 181
Table 129 China: Rolling Stock Market, By Product Type, 2018–2022 (Usd Million) 181
Table 130 China: Rolling Stock Market, By Product Type, 2023–2028 (Usd Million) 182
10.2.6 India 182
10.2.6.1 Rising Investment In High-Speed Rail And Rapid Electrification Of Railway Network To Drive Market 182
Table 131 List Of Approved Metro, Metrolite, And Metro Neo Projects In India 183
Figure 53 Indian Railway Revenue Breakdown, By Segment, 2022 183
Table 132 India: Rolling Stock Market, By Product Type, 2018–2022 (Units) 183
Table 133 India: Rolling Stock Market, By Product Type, 2023–2028 (Units) 184
Table 134 India: Rolling Stock Market, By Product Type, 2018–2022 (Usd Million) 184
Table 135 India: Rolling Stock Market, By Product Type, 2023–2028 (Usd Million) 185
10.2.7 Japan 185
10.2.7.1 Growing Procurement Of Rolling Stock To Propel Market Growth 185
Table 136 Japan: Rolling Stock Market, By Product Type, 2018–2022 (Units) 186
Table 137 Japan: Rolling Stock Market, By Product Type, 2023–2028 (Units) 186
Table 138 Japan: Rolling Stock Market, By Product Type, 2018–2022 (Usd Million) 187
Table 139 Japan: Rolling Stock Market, By Product Type, 2023–2028 (Usd Million) 187
10.2.8 South Korea 188
10.2.8.1 Development Of New Railway Lines To Fuel Demand For Rolling Stock 188
Table 140 South Korea: Rolling Stock Market, By Product Type, 2018–2022 (Units) 188
Table 141 South Korea: Rolling Stock Market, By Product Type, 2023–2028 (Units) 189
Table 142 South Korea: Rolling Stock Market, By Product Type, 2018–2022 (Usd Million) 189
Table 143 South Korea: Rolling Stock Market, By Product Type, 2023–2028 (Usd Million) 190
10.2.9 Australia 190
10.2.10 Malaysia 191
10.3 Europe 191
10.3.1 Europe: Recession Impact 191
10.3.2 Upcoming Metro/Monorail Projects In Europe 192
Table 144 Major Metro/Monorail Projects In Europe 192
10.3.3 Upcoming High-Speed Rail/Bullet Train Projects In Europe 193
Table 145 Proposed High-Speed Rail/Bullet Train Projects In Europe 193
10.3.4 Upcoming Rapid Transit Projects In Europe 194
Table 146 Major Rapid Transit Projects In Europe 194
Figure 54 Europe: Rolling Stock Market Snapshot 195
Table 147 Europe: Rolling Stock Market, By Country, 2018–2022 (Units) 195
Table 148 Europe: Rolling Stock Market, By Country, 2023–2028 (Units) 196
Table 149 Europe: Rolling Stock Market, By Country, 2018–2022 (Usd Million) 196
Table 150 Europe: Rolling Stock Market, By Country, 2023–2028 (Usd Million) 196
10.3.5 Germany 197
10.3.5.1 Upgrades To Railway Infrastructure To Drive Market 197
Table 151 Germany: Rolling Stock Market, By Product Type, 2018–2022 (Units) 197
Table 152 Germany: Rolling Stock Market, By Product Type, 2023–2028 (Units) 198
Table 153 Germany: Rolling Stock Market, By Product Type, 2018–2022 (Usd Million) 198
Table 154 Germany: Rolling Stock Market, By Product Type, 2023–2028 (Usd Million) 199
10.3.6 France 199
10.3.6.1 Growing Need For Public Transportation And Rising Demand For High-Speed Rail To Impact Market Positively 199
Table 155 France: Rolling Stock Market, By Product Type, 2018–2022 (Units) 200
Table 156 France: Rolling Stock Market, By Product Type, 2023–2028 (Units) 200
Table 157 France: Rolling Stock Market, By Product Type, 2018–2022 (Usd Million) 201
Table 158 France: Rolling Stock Market, By Product Type, 2023–2028 (Usd Million) 201
10.3.7 Uk 202
10.3.7.1 Modernization And Expansion Of Rail Networks To Create Demand For Rolling Stock 202
Table 159 Uk: Rolling Stock Market, By Product Type, 2018–2022 (Units) 202
Table 160 Uk: Rolling Stock Market, By Product Type, 2023–2028 (Units) 202
Table 161 Uk: Rolling Stock Market, By Product Type, 2018–2022 (Usd Million) 203
Table 162 Uk: Rolling Stock Market, By Product Type, 2023–2028 (Usd Million) 203
10.3.8 Italy 204
10.3.8.1 Increasing Modernization And Expansion Of Existing Railway Network To Drive Demand For Rolling Stock 204
Table 163 Italy: Rolling Stock Market, By Product Type, 2018–2022 (Units) 204
Table 164 Italy: Rolling Stock Market, By Product Type, 2023–2028 (Units) 204
Table 165 Italy: Rolling Stock Market, By Product Type, 2018–2022 (Usd Million) 205
Table 166 Italy: Rolling Stock Market, By Product Type, 2023–2028 (Usd Million) 205
10.3.9 Spain 206
10.3.9.1 Increasing High-Speed Rail Network And Presence Of Reputed Rolling Stock Manufacturers To Drive Market 206
Table 167 Popular Route In Spain, 2022 206
Table 168 Spain: Rolling Stock Market, By Product Type, 2018–2022 (Units) 206
Table 169 Spain: Rolling Stock Market, By Product Type, 2023–2028 (Units) 207
Table 170 Spain: Rolling Stock Market, By Product Type, 2018–2022 (Usd Million) 207
Table 171 Spain: Rolling Stock Market, By Product Type, 2023–2028 (Usd Million) 208
10.3.10 Switzerland 208
10.3.11 Austria 208
10.3.12 Sweden 209
10.4 North America 209
10.4.1 North America: Recession Impact 209
10.4.2 Upcoming High-Speed Rail/Bullet Train Projects In North America 210
Table 172 Major High-Speed Rail/Bullet Train Projects In North America 210
10.4.3 Upcoming Rapid Transit Projects In North America 210
Table 173 Major Rapid Transit Projects In North America 210
Figure 55 North America: Rolling Stock Market Snapshot 211
Table 174 North America: Rolling Stock Market, By Country, 2018–2022 (Units) 211
Table 175 North America: Rolling Stock Market, By Country, 2023–2028 (Units) 212
Table 176 North America: Rolling Stock Market, By Country, 2018–2022 (Usd Million) 212
Table 177 North America: Rolling Stock Market, By Country, 2023–2028 (Usd Million) 212
10.4.4 Us 213
10.4.4.1 Demand For Electric Locomotives And Transition To Tier 4 Emission Requirements To Drive Market 213
Table 178 Us: Rolling Stock Market, By Product Type, 2018–2022 (Units) 213
Table 179 Us: Rolling Stock Market, By Product Type, 2023–2028 (Units) 214
Table 180 Us: Rolling Stock Market, By Product Type, 2018–2022 (Usd Million) 214
Table 181 Us: Rolling Stock Market, By Product Type, 2023–2028 (Usd Million) 215
10.4.5 Mexico 215
10.4.5.1 Growing Demand For Railroad Wagons To Drive Market 215
Table 182 Mexico: Rolling Stock Market, By Product Type, 2018–2022 (Units) 216
Table 183 Mexico: Rolling Stock Market, By Product Type, 2023–2028 (Units) 216
Table 184 Mexico: Rolling Stock Market, By Product Type, 2018–2022 (Usd Million) 217
Table 185 Mexico: Rolling Stock Market, By Product Type, 2023–2028 (Usd Million) 217
10.4.6 Canada 218
10.4.6.1 Rising Passenger And Freight Transportation To Increase Demand For Rolling Stock 218
Table 186 Canada: Rolling Stock Market, By Product Type, 2018–2022 (Units) 218
Table 187 Canada: Rolling Stock Market, By Product Type, 2023–2028 (Units) 219
Table 188 Canada: Rolling Stock Market, By Product Type, 2018–2022 (Usd Million) 219
Table 189 Canada: Rolling Stock Market, By Product Type, 2023–2028 (Usd Million) 220
10.5 Middle East & Africa 220
10.5.1 Middle East & Africa: Recession Impact 221
Figure 56 Uae To Register Highest Cagr During Forecast Period 221
10.5.2 Upcoming Metro/Monorail Projects In Middle East & Africa 221
Table 190 Proposed Metro/Monorail Projects In Middle East & Africa 221
10.5.3 Upcoming Rapid Transit Projects In Middle East & Africa 222
Table 191 Proposed Rapid Transit Projects In Middle East & Africa 222
Table 192 Middle East & Africa: Rolling Stock Market, By Country, 2018–2022 (Units) 223
Table 193 Middle East & Africa: Rolling Stock Market, By Country, 2023–2028 (Units) 223
Table 194 Middle East & Africa: Rolling Stock Market, By Country,2018–2022 (Usd Million) 223
Table 195 Middle East & Africa: Rolling Stock Market, By Country,2023–2028 (Usd Million) 224
10.5.4 South Africa 224
10.5.4.1 Increasing Urbanization To Boost Rolling Stock Market 224
Table 196 South Africa: Rolling Stock Market, By Product Type, 2018–2022 (Units) 224
Table 197 South Africa: Rolling Stock Market, By Product Type, 2023–2028 (Units) 225
Table 198 South Africa: Rolling Stock Market, By Product Type,2018–2022 (Usd Million) 225
Table 199 South Africa: Rolling Stock Market, By Product Type,2023–2028 (Usd Million) 226
10.5.5 Uae 226
10.5.5.1 Rising Tourism Industry And Increased Investment In Rapid Transit Projects To Proliferate Demand For Rolling Stock 226
Table 200 Uae: Rolling Stock Market, By Product Type, 2018–2022 (Units) 227
Table 201 Uae: Rolling Stock Market, By Product Type, 2023–2028 (Units) 227
Table 202 Uae: Rolling Stock Market, By Product Type, 2018–2022 (Usd Million) 228
Table 203 Uae: Rolling Stock Market, By Product Type, 2023–2028 (Usd Million) 228
10.5.6 Egypt 229
10.5.6.1 Investment And Growth In Tourism Industry To Drive Market 229
Table 204 Egypt: Rolling Stock Market, By Product Type, 2018–2022 (Units) 229
Table 205 Egypt: Rolling Stock Market, By Product Type, 2023–2028 (Units) 229
Table 206 Egypt: Rolling Stock Market, By Product Type, 2018–2022 (Usd Million) 230
Table 207 Egypt: Rolling Stock Market, By Product Type, 2023–2028 (Usd Million) 230
10.5.7 Iran 231
10.6 Rest Of The World 231
Figure 57 Russia To Hold Prominent Market Share During Forecast Period 231
10.6.1 Upcoming Metro/Monorail Projects In Rest Of The World 232
Table 208 Major Metro/Monorail Projects In Rest Of The World 232
Table 209 Rest Of The World: Rolling Stock Market, By Country, 2018–2022 (Units) 232
Table 210 Rest Of The World: Rolling Stock Market, By Country, 2023–2028 (Units) 232
Table 211 Rest Of The World: Rolling Stock Market, By Country,2018–2022 (Usd Million) 232
Table 212 Rest Of The World: Rolling Stock Market, By Country,2023–2028 (Usd Million) 233
10.6.2 Brazil 233
10.6.2.1 Growing Demand For Electro-Diesel Locomotives To Drive Market 233
Table 213 Brazil: Rolling Stock Market, By Product Type, 2018–2022 (Units) 233
Table 214 Brazil: Rolling Stock Market, By Product Type, 2023–2028 (Units) 234
Table 215 Brazil: Rolling Stock Market, By Product Type, 2018–2022 (Usd Million) 234
Table 216 Brazil: Rolling Stock Market, By Product Type, 2023–2028 (Usd Million) 235
10.6.3 Russia 235
10.6.3.1 Growth In Freight Transportation To Drive Demand For Wagons 235
Table 217 Russia: Rolling Stock Market, By Product Type, 2018–2022 (Units) 236
Table 218 Russia: Rolling Stock Market, By Product Type, 2023–2028 (Units) 236
Table 219 Russia: Rolling Stock Market, By Product Type, 2018–2022 (Usd Million) 237
Table 220 Russia: Rolling Stock Market, By Product Type, 2023–2028 (Usd Million) 237
10.6.4 Argentina 238

11 Competitive Landscape 239
11.1 Overview 239
11.2 Market Share Analysis For Rolling Stock Market 239
Table 221 Market Share Analysis, 2022 239
Figure 58 Market Share Analysis, 2022 240
11.2.1 Crrc Corporation Limited 240
11.2.2 Alstom Sa 240
11.2.3 Siemens Ag 241
11.2.4 Stadler Rail Ag 241
11.2.5 Wabtec Corporation 241
11.3 Strategies Adopted By Key Players, 2019–2023 242
Table 222 Overview Of Strategies Adopted By Key Players In Rolling Stock Market 242
11.4 Revenue Analysis Of Top Players, 2018–2022 245
Figure 59 Top Public/Listed Players Dominating Rolling Stock Market During Last 5 Years 245
11.5 Competitive Scenario 245
11.5.1 Product Launches 246
Table 223 Product Launches, 2020–2023 246
11.5.2 Deals 251
Table 224 Deals, 2021–2023 251
11.5.3 Others 271
Table 225 Others, 2021–2023 271
11.6 Company Evaluation Quadrant 274
11.6.1 Stars 274
11.6.2 Pervasive Players 274
11.6.3 Emerging Leaders 274
11.6.4 Participants 274
Figure 60 Rolling Stock Market: Company Evaluation Quadrant, 2022 275
Table 226 Rolling Stock Market: Company Region Footprint, 2022 275
Table 227 Rolling Stock Market: Company Offering Type Footprint, 2022 276
Table 228 Rolling Stock Market: Company Offering & Geographic Footprint, 2022 277
11.7 Start-Up/Sme Evaluation Quadrant 277
11.7.1 Progressive Companies 277
11.7.2 Responsive Companies 277
11.7.3 Dynamic Companies 278
11.7.4 Starting Blocks 278
Figure 61 Rolling Stock Market: Start-Up/Sme Evaluation Quadrant, 2022 278
Table 229 Rolling Stock Market: Start-Up/Sme Region Footprint, 2022 279
Table 230 Rolling Stock Market: Start-Up/Sme Offering Type Footprint, 2022 280
Table 231 Rolling Stock Market: Start-Up/Sme Offering & Geographic Footprint, 2022 281

12 Company Profiles 282
(Business Overview, Products Offered, Recent Developments & Mnm View)*
12.1 Key Players 282
12.1.1 Crrc Corporation Limited (Crrc) 282
Table 232 Crrc Corporation Limited: Business Overview 282
Figure 62 Crrc Corporation Limited: Company Snapshot 283
Table 233 Crrc Corporation Limited: Products Offered 283
Table 234 Crrc Corporation Limited: New Product Developments 285
Table 235 Crrc Corporation Limited: Deals 288
12.1.2 Alstom Sa 291
Table 236 Alstom Sa: Business Overview 291
Figure 63 Alstom Sa: Company Snapshot 292
Figure 64 Alstom New Business Opportunity Space 293
Table 237 Alstom Sa: Products Offered 293
Table 238 Alstom Sa: New Product Developments 295
Table 239 Alstom Sa: Deals 295
Table 240 Alstom Sa: Others 301
12.1.3 Siemens Ag 303
Table 241 Siemens Ag: Business Overview 303
Figure 65 Siemens Ag: Company Snapshot 304
Table 242 Siemens Ag: Products Offered 304
Table 243 Siemens Ag: New Product Developments 307
Table 244 Siemens Ag: Deals 308
Table 245 Siemens Ag: Others 313
12.1.4 Stadler Rail Ag 315
Table 246 Stadler Rail Ag: Business Overview 315
Figure 66 Stadler Rail Ag: Company Snapshot 315
Figure 67 Stadler Rail Ag: Future Strategy Overview 316
Table 247 Stadler Rail Ag: Products Offered 316
Table 248 Stadler Rail Ag: Deals 319
Table 249 Stadler Rail Ag: Others 323
12.1.5 Wabtec Corporation 324
Table 250 Wabtec Corporation: Business Overview 324
Figure 68 Wabtec Corporation: Company Snapshot 325
Figure 69 Wabtec Corporation North America Locomotives Market Snapshot 325
Table 251 Wabtec Corporation: Products Offered 326
Table 252 Wabtec Corporation: New Product Developments 328
Table 253 Wabtec Corporation: Deals 328
Table 254 Wabtec Corporation: Others 330
12.1.6 Kawasaki Heavy Industries, Ltd. 331
Table 255 Kawasaki Heavy Industries, Ltd.: Business Overview 331
Figure 70 Kawasaki Heavy Industries, Ltd.: Company Snapshot 332
Table 256 Kawasaki Heavy Industries, Ltd.: Products Offered 332
Table 257 Kawasaki Heavy Industries, Ltd.: New Product Developments 333
Table 258 Kawasaki Heavy Industries, Ltd.: Deals 334
12.1.7 Caf Group 335
Table 259 Caf Group: Business Overview 335
Figure 71 Caf Group: Company Snapshot 335
Table 260 Caf Group: Products Offered 336
Table 261 Caf Group: Deals 336
12.1.8 Hyundai Rotem Company 339
Table 262 Hyundai Rotem Company: Business Overview 339
Figure 72 Hyundai Rotem Company: Company Snapshot 339
Table 263 Hyundai Rotem Company: Products Offered 340
Table 264 Hyundai Rotem Company: Deals 341
12.1.9 Mitsubishi Heavy Industries, Ltd. 343
Table 265 Mitsubishi Heavy Industries, Ltd.: Business Overview 343
Figure 73 Mitsubishi Heavy Industries, Ltd.: Company Snapshot 343
Table 266 Mitsubishi Heavy Industries, Ltd.: Products Offered 344
Table 267 Mitsubishi Heavy Industries, Ltd.: Deals 344
Table 268 Mitsubishi Heavy Industries, Ltd.: Others 345
12.1.10 Talgo 346
Table 269 Talgo: Business Overview 346
Figure 74 Talgo: Company Snapshot 346
Table 270 Talgo: Products Offered 347
Table 271 Talgo: Deals 348
12.1.11 Transmashholding 349
Table 272 Transmashholding: Business Overview 349
Table 273 Transmashholding: Products Offered 349
Table 274 Transmashholding: New Product Developments 351
Table 275 Transmashholding: Deals 351
Table 276 Transmashholding: Others 353
12.1.12 Titagarh Wagons Limited 354
Table 277 Titagarh Wagons Limited: Business Overview 354
Figure 75 Titagarh Wagons Limited: Company Snapshot 354
Table 278 Titagarh Wagons Limited: Products Offered 355
Table 279 Titagarh Wagons Limited: New Product Developments 356
Table 280 Titagarh Wagons Limited: Deals 356
*Details On Business Overview, Products Offered, Recent Developments & Mnm View Might Not Be Captured In Case Of Unlisted Companies.
12.2 Other Players 357
12.2.1 Toshiba 357
Table 281 Toshiba: Business Overview 357
12.2.2 Hitachi Rail Limited 357
Table 282 Hitachi Rail Limited: Business Overview 357
12.2.3 Chittaranjan Locomotive Works (Clw) 358
Table 283 Chittaranjan Locomotive Works (Clw): Business Overview 358
12.2.4 Niigata Engineering Co., Ltd. 358
Table 284 Niigata Engineering Co., Ltd.: Business Overview 358
12.2.5 Scomi Group Bhd 359
Table 285 Scomi Group Bhd: Business Overview 359
12.2.6 Woojin Industrial Systems 359
Table 286 Woojin Industrial Systems: Business Overview 359
12.2.7 Abb 360
Table 287 Abb: Business Overview 360
12.2.8 Strukton 360
Table 288 Strukton: Business Overview 360
12.2.9 Legios 361
Table 289 Legios: Business Overview 361
12.2.10 Deuta-Werke Gmbh 361
Table 290 Deuta-Werke Gmbh: Business Overview 361
12.2.11 Thales Group 362
Table 291 Thales Group: Business Overview 362
12.2.12 Deutsche Bahn Ag 362
Table 292 Deutsche Bahn Ag: Business Overview 362
12.2.13 Lamifil 363
Table 293 Lamifil: Business Overview 363
12.2.14 Rhomberg Sersa Rail Holding Gmbh 363
Table 294 Rhomberg Sersa Rail Holding Gmbh: Business Overview 363
12.2.15 Balfour Beatty 364
Table 295 Balfour Beatty: Business Overview 364
12.2.16 Intamin Bahntechnik Und Betriebs-Mbh & Co. Kg 364
Table 296 Intamin Bahntechnik Und Betriebs-Mbh & Co. Kg: Business Overview 364
12.2.17 American Equipment Company 365
Table 297 American Equipment Company: Business Overview 365
12.2.18 Ingeteam Corporación, S.A. 365
Table 298 Ingeteam Corporación, S.A.: Business Overview 365
12.2.19 Calamp 366
Table 299 Calamp: Business Overview 366
12.2.20 Urbanaut Monorail Technology 366
Table 300 Urbanaut Monorail Technology: Business Overview 366
12.2.21 Ugl 367
Table 301 Ugl: Business Overview 367
12.2.22 Randon 367
Table 302 Randon: Business Overview 367
12.2.23 Sinara Transport Machines 368
Table 303 Sinara Transport Machines: Business Overview 368
12.2.24 Alucast Iran 368
Table 304 Alucast Iran: Business Overview 368
12.2.25 Trinity Industries, Inc. 369
Table 305 Trinity Industries, Inc.: Business Overview 369
12.2.26 The Greenbrier Companies 369
Table 306 The Greenbrier Companies: Business Overview 369
12.2.27 Beml Limited 370
Table 307 Beml Limited: Business Overview 370
12.2.28 Braithwaite & Co. (India) Ltd. 370
Table 308 Braithwaite & Co. (India) Ltd: Business Overview 370
12.2.29 Dawonsys Co., Ltd. 371
Table 309 Dawonsys Co., Ltd.: Business Overview 371

13 Recommendations By Marketsandmarkets 372
13.1 Asia Oceania Expected To Be Prominent Market For Rolling Stock Globally 372
13.2 Rising Need For Freight Transportation To Drive Demand For Wagons 373
13.3 Growing Need For Fast And Efficient Urban Transportation To Drive Demand For Subways/Metros 373
13.4 Conclusion 373

14 Appendix 374
14.1 Key Insights From Industry Experts 374
14.2 Discussion Guide 374
14.3 Knowledgestore: Marketsandmarkets’subscription Portal 378
14.4 Customization Options 380
14.5 Related Reports 380
14.6 Author Details 382

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