Rolling Stock Management Market
Rolling Stock Management Market Forecasts to 2030 - Global Analysis By Type (Locomotives, Passenger Coaches, Freight Wagons, Metro Trains and Other Types), Service, Component, Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Rolling Stock Management Market is accounted for $56.1 billion in 2023 and is expected to reach $81.6 billion by 2030 growing at a CAGR of 5.5% during the forecast period. Rolling stock management refers to the strategic planning, procurement, maintenance, and operational management of the various vehicles and equipment used in transportation systems, particularly in rail and transit networks. This includes trains, locomotives, passenger cars, freight cars, light rail vehicles, buses, and other vehicles essential for the movement of passengers or freight. Effective rolling stock management involves ensuring that the right vehicles are available in the right place at the right time to meet demand, while also maximizing operational efficiency, safety, and cost-effectiveness.
According to the India Brand Equity Foundation, by 2030, the country will invest ~US$ 715.41 billion for rail infrastructure and development.
Market Dynamics:
Driver:
Increasing demand for optimized operations
Rail operators are increasingly seeking solutions that streamline maintenance schedules, enhance fleet reliability, and improve overall performance. With the rise of predictive maintenance systems, data analytics, and IoT integration, the industry is witnessing a shift towards proactive strategies to minimize downtime and maximize operational efficiency, catering to the evolving needs of modern rail transportation networks. Thus, the market is experiencing a surge in demand for optimized operations driven by advancements in technology and a growing focus on efficiency.
Restraint:
Lack of skilled workforce
The market faces a critical challenge due to the scarcity of skilled workforce. This sector demands specialized expertise in maintenance, operation, and management of rolling stock, including locomotives and railcars. However, the available talent pool often lacks the requisite skills and training, leading to inefficiencies and potential safety concerns. The complexity of modern rolling stock technology further exacerbates this issue, as it requires advanced knowledge in areas like data analytics, predictive maintenance, and digital systems.
Opportunity:
Growth in passenger and freight traffic
Rapid urbanization and increasing industrialization have led to higher demand for transportation services, boosting the need for efficient rolling stock management solutions. Additionally, advancements in technology, such as predictive maintenance systems and real-time tracking, have enhanced operational efficiency and safety in rail transportation. Furthermore, government initiatives aimed at modernizing railway infrastructure and improving connectivity has further propelled market growth.
Threat:
High initial investment costs
Procuring and maintaining rolling stock, such as locomotives and railcars, demands substantial capital outlay. These costs encompass the purchase or lease of vehicles, as well as ongoing expenses for maintenance, repair, and modernization. Additionally, investing in advanced technologies for fleet management and optimization further escalates the financial burden. Therefore, the market presents a significant barrier to entry due to its high initial investment costs.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the Rolling Stock Management Market. Lockdowns and travel restrictions reduced passenger demand, affecting revenue streams for rail operators globally. Maintenance schedules were disrupted, leading to deferred maintenance and reduced investments in rolling stock management solutions. However, the crisis also accelerated the adoption of digital solutions for remote monitoring and predictive maintenance to ensure operational efficiency and safety.
The passenger coaches segment is expected to be the largest during the forecast period
The passenger coaches segment is expected to be the largest during the forecast period. These coaches are designed to ensure passenger comfort, safety, and convenience during travel. With advancements in technology and increasing demand for sustainable transportation solutions, the market for passenger coaches continues to evolve. Operators focus on enhancing amenities, optimizing energy efficiency, and integrating digital systems for improved passenger experience.
The braking systems segment is expected to have the highest CAGR during the forecast period
The braking systems segment is expected to have the highest CAGR during the forecast period. Enhanced technologies such as regenerative braking and anti-lock braking systems (ABS) have gained prominence, offering better control and energy recovery. Additionally, the integration of digital solutions for predictive maintenance and real-time monitoring is becoming more prevalent, improving reliability and reducing downtime. These developments cater to the growing demand for safer and more efficient rail operations, shaping the landscape of rolling stock braking systems.
Region with largest share:
North America is projected to hold the largest market share during the forecast period driven by advancements in technology and the increasing demand for efficient transportation solutions. With a focus on enhancing operational efficiency, reducing maintenance costs, and improving passenger safety, key players are investing in innovative solutions such as predictive maintenance and real-time monitoring systems. Moreover, government initiatives aimed at modernizing railway infrastructure further fuel the market's expansion.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period due to various factors such as urbanization, infrastructure development, and increasing demand for efficient transportation systems. Furthermore, technological advancements such as predictive maintenance, condition monitoring, and remote diagnostics are gaining traction in the rolling stock management market, enabling operators to minimize downtime, reduce maintenance costs, and improve asset utilization.
Key players in the market
Some of the key players in Rolling Stock Management market include Alstom, ABB, Siemens, Thales Group, Bombardier, Hitachi, Ltd., Trimble Inc., Tech Mahindra Limited, Toshiba Corporation, Mitsubishi Heavy Industries, Ltd., Bentley Systems, General Electric, Eurotech, Kawasaki Heavy Industries, Skoda Transportation, Hyundai Rotem Company, Bharat Heavy Electricals Limited and Stadler Rail AG.
Key Developments:
In February 2023, Stadler Rail AG partnered with ASPIRE Engineering Research Centre and the Utah State University, for the construction of a passenger train powered by batteries centered on the FLIRT Akku idea.
In January 2023, Siemens Mobility partnered with the Indian Railways, wherein it received a purchase order for 1,200 locomotives with 9,000 HP, making it the single largest locomotive order in the history of Siemens Mobility and Siemens India.
Types Covered:
• Locomotives
• Passenger Coaches
• Freight Wagons
• Metro Trains
• Other Types
Services Covered:
• Maintenance & Repair
• Retrofitting
• Leasing
• Consulting & Management
Components Covered:
• Traction Systems
• Braking Systems
• Electrical Systems
• Interior Fittings
Technologies Covered:
• Condition Monitoring
• Predictive Maintenance
• Asset Management Systems
• Digitalization Solutions
• Other Technologies
Applications Covered:
• Freight Transportation
• Urban Transportation
• Long-distance Transportation
• Other Applications
End Users Covered:
• Passenger Rail
• Freight Rail
• Government Agencies and Authorities
• Rolling Stock Manufacturers
• Maintenance and Service Providers
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Rolling Stock Management Market, By Type
5.1 Introduction
5.2 Locomotives
5.3 Passenger Coaches
5.4 Freight Wagons
5.5 Metro Trains
5.6 Other Types
6 Global Rolling Stock Management Market, By Service
6.1 Introduction
6.2 Maintenance & Repair
6.3 Retrofitting
6.4 Leasing
6.5 Consulting & Management
7 Global Rolling Stock Management Market, By Component
7.1 Introduction
7.2 Traction Systems
7.3 Braking Systems
7.4 Electrical Systems
7.5 Interior Fittings
8 Global Rolling Stock Management Market, By Technology
8.1 Introduction
8.2 Condition Monitoring
8.3 Predictive Maintenance
8.4 Asset Management Systems
8.5 Digitalization Solutions
8.6 Other Technologies
9 Global Rolling Stock Management Market, By Application
9.1 Introduction
9.2 Freight Transportation
9.3 Urban Transportation
9.4 Long-distance Transportation
9.5 Other Applications
10 Global Rolling Stock Management Market, By End User
10.1 Introduction
10.2 Passenger Rail
10.3 Freight Rail
10.4 Government Agencies and Authorities
10.5 Rolling Stock Manufacturers
10.6 Maintenance and Service Providers
10.7 Other End Users
11 Global Rolling Stock Management Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Alstom
13.2 ABB
13.3 Siemens
13.4 Thales Group
13.5 Bombardier
13.6 Hitachi, Ltd.
13.7 Trimble Inc.
13.8 Tech Mahindra Limited
13.9 Toshiba Corporation
13.10 Mitsubishi Heavy Industries, Ltd.
13.11 Bentley Systems
13.12 General Electric
13.13 Eurotech
13.14 Kawasaki Heavy Industries
13.15 Skoda Transportation
13.16 Hyundai Rotem Company
13.17 Bharat Heavy Electricals Limited
13.18 Stadler Rail AG
List of Tables
1 Global Rolling Stock Management Market Outlook, By Region (2021-2030) ($MN)
2 Global Rolling Stock Management Market Outlook, By Type (2021-2030) ($MN)
3 Global Rolling Stock Management Market Outlook, By Locomotives (2021-2030) ($MN)
4 Global Rolling Stock Management Market Outlook, By Passenger Coaches (2021-2030) ($MN)
5 Global Rolling Stock Management Market Outlook, By Freight Wagons (2021-2030) ($MN)
6 Global Rolling Stock Management Market Outlook, By Metro Trains (2021-2030) ($MN)
7 Global Rolling Stock Management Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Rolling Stock Management Market Outlook, By Service (2021-2030) ($MN)
9 Global Rolling Stock Management Market Outlook, By Maintenance & Repair (2021-2030) ($MN)
10 Global Rolling Stock Management Market Outlook, By Retrofitting (2021-2030) ($MN)
11 Global Rolling Stock Management Market Outlook, By Leasing (2021-2030) ($MN)
12 Global Rolling Stock Management Market Outlook, By Consulting & Management (2021-2030) ($MN)
13 Global Rolling Stock Management Market Outlook, By Component (2021-2030) ($MN)
14 Global Rolling Stock Management Market Outlook, By Traction Systems (2021-2030) ($MN)
15 Global Rolling Stock Management Market Outlook, By Braking Systems (2021-2030) ($MN)
16 Global Rolling Stock Management Market Outlook, By Electrical Systems (2021-2030) ($MN)
17 Global Rolling Stock Management Market Outlook, By Interior Fittings (2021-2030) ($MN)
18 Global Rolling Stock Management Market Outlook, By Technology (2021-2030) ($MN)
19 Global Rolling Stock Management Market Outlook, By Condition Monitoring (2021-2030) ($MN)
20 Global Rolling Stock Management Market Outlook, By Predictive Maintenance (2021-2030) ($MN)
21 Global Rolling Stock Management Market Outlook, By Asset Management Systems (2021-2030) ($MN)
22 Global Rolling Stock Management Market Outlook, By Digitalization Solutions (2021-2030) ($MN)
23 Global Rolling Stock Management Market Outlook, By Other Technologies (2021-2030) ($MN)
24 Global Rolling Stock Management Market Outlook, By Application (2021-2030) ($MN)
25 Global Rolling Stock Management Market Outlook, By Freight Transportation (2021-2030) ($MN)
26 Global Rolling Stock Management Market Outlook, By Urban Transportation (2021-2030) ($MN)
27 Global Rolling Stock Management Market Outlook, By Long-distance Transportation (2021-2030) ($MN)
28 Global Rolling Stock Management Market Outlook, By Other Applications (2021-2030) ($MN)
29 Global Rolling Stock Management Market Outlook, By End User (2021-2030) ($MN)
30 Global Rolling Stock Management Market Outlook, By Passenger Rail (2021-2030) ($MN)
31 Global Rolling Stock Management Market Outlook, By Freight Rail (2021-2030) ($MN)
32 Global Rolling Stock Management Market Outlook, By Government Agencies and Authorities (2021-2030) ($MN)
33 Global Rolling Stock Management Market Outlook, By Rolling Stock Manufacturers (2021-2030) ($MN)
34 Global Rolling Stock Management Market Outlook, By Maintenance and Service Providers (2021-2030) ($MN)
35 Global Rolling Stock Management Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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