The rolling stock manufacturing industry caters to a large variety of rail markets and directly supports the increasing volume and frequency of the transportation of goods and passengers by rail. The demand for rolling stock is growing due to factors such as, globalization, and an expanding global rail network. In addition, as the tendency to travel and ship cargo in an eco-friendlier manner is on the rise, rail transport could become increasingly popular among consumers in the future.
Since 2020, the rolling stock manufacturing industry, like the overall logistics market, has faced disruption due to the COVID-19 pandemic, followed by supply chain shortages and geopolitical disruptions. Evolving consumer behavior and the ease of access to last-mile logistics have widened the space for new logistics solutions.
Compound annual growth rate of the global rolling stock market between 2018 and 2022, by region
Further details: Visit original statistic Compound annual growth rate of the global rolling stock market between 2018 and 2022, by region
The global rolling stock industry was worth over 55 billion U.S. dollars 2023 and is expected to continue to grow. Currently, China is the largest market for rolling stock manufacturing, and Latin America was projected to be the fastest-growing market in 2023.
Global rolling stock market valueLength of the high-speed railway lines in operation worldwide in 2022, by country (in kilometers)
Further details: Visit original statistic Length of the high-speed railway lines in operation worldwide in 2022, by country (in kilometers)
The global high-speed rail network has grown substantially in the last years, largely driven by China's expansion of its network, but other countries including Spain and Japan have also expanded their networks. This is driving demand for new high-speed rolling stock. The market leader in this segment are currently Alstom and Japanese Consortia, which together delivered more than half of all high-speed rail units between 2021 and 2023.
Leading high-speed rolling stock manufacturersThe rolling stock manufacturing category provides information on rail infrastructure and equipment production, including railcars, locomotives, and wagons. Information on the electrification of railroads and technologies that aim to improve railroad efficiency and safety is also available. Within this sector, Statista provides information about the business activities of the major manufacturers and suppliers and data on a global, regional, and national scale.
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