Rolling Stock Management Market Report - Size, Share 2028

Rolling Stock Management Market Size and Forecasts (2020 - 2028), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Management Type (Rail Management and Infrastructure Management) and Maintenance Service (Corrective Maintenance, Preventive Maintenance, and Predictive Maintenance)

  • Report Code : TIPRE00006444
  • Category : Automotive and Transportation
  • Status : Published
  • No. of Pages : 180
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The rolling stock management market was valued at US$ 48,571.46 million in 2022 and is expected to reach US$ 68,761.96 million by 2028; it is estimated to record a CAGR of 6.0% from 2022 to 2028.

Analyst Perspective:

Rolling stock refers to railway vehicles that include both powered and unpowered vehicles. It is referred to any railway vehicle that can move on the rail tracks. The rolling stock’s maintenance, information tracking, and management are the key features of the rolling stock management system. It maintains the information regarding the running as well as breakdown and inspection records of the rolling stocks. It also stores the records of the rolling stock from its manufacturing to the information regarding its main fittings. The management of the history log of the rolling stock helps the workers, during its inspection and breakdown, to efficiently manage their work. In addition, this system helps to collectively connect this information to traffic management systems, material and accounting systems, transportation plans, etc. Therefore, the rolling stock management system is necessary to determine the optimal performance of the rolling stocks and the railway industry.

Market Overview: Rolling Stock Management Market

The rise in the rail industry is one of the major contributors to the rolling stock management market. The growing number of launches of new rail stations and expansion of the rail network generates the need for an efficient rolling stock management system to manage the rolling stock, its route, and maintenance.

A few of the main stations and rail expansion projects are mentioned below:

  • In March 2022, Saudi Arabia Railways (SAR) inaugurated the Al-Qurayyat passenger train station under the SAR’s plan to launch the Northbound passenger trains.
  • In March 2023, the Indian Central Railways (CR) Authority announced its plan to construct six new suburban railway stations to cater to Mumbai's local trains. CR Mumbai has 80 stations, and with the addition of these six stations, the value will reach 86.

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Rolling Stock Management Market: Strategic Insights

Rolling Stock Management Market

  • CAGR (2022 - 2028)
    6.0%
  • Market Size 2022
    US$ 48.57 Billion
  • Market Size 2028
    US$ 68.76 Billion

Market Dynamics

GROWTH DRIVERS
  • Expansion of Rail Industry
  • Rising Safety and Security Concerns Regarding Rail Infrastructure
FUTURE TRENDS
  • Use of Robotics in Rolling Stock Management
OPPORTUNITIES
  • Integration of 5G and lot in Rolling Stock Management System

Key Players

  • Alstom SA
  • ABB Ltd
  • Hitachi Rail Ltd
  • Mitsubishi Electric Corp
  • Siemens Mobility GmbH
  • Talgo SA
  • Thales SA
  • Toshiba Infrastructure Systems and Solutions Corp
  • Trimble Inc

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Management Type
  • Rail Management and Infrastructure Management
Maintenance Service
  • Corrective Maintenance
  • Preventive Maintenance
  • Predictive Maintenance
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Driver: Rolling Stock Management Market

Expansion of Rail Industry

The demand for improved transport services is growing rapidly across the globe. As per the International Energy Agency (IEA), compared to 2019, passenger and freight activities are expected to double by 2050. Per The World Bank Group, railways are considered among the most efficient ways to transport passengers and freight. Due to growing transport activities, the World Bank Group is investing in the development of the rail industry to make it more efficient. Many organizations are extending their support to governments of various developing countries in reforming the railway infrastructure and incorporating railways into a country’s transportation network. In addition, governments of developing countries are investing to boost their railway industry. According to the India Brand Equity Foundation, by 2030, the country will invest ~US$ 715.41 billion for rail infrastructure and development. To manage the increased passenger and freight traffic, countries are expanding their railway infrastructure. For instance, in September 2022, The Connecticut Department of Transportation (CTDOT) opened a new train station in Hartford County, US. In addition, in January 2022, the Investment Minister of Saudi Arabia announced the country’s target to expand the rail network by 8,000 km. The rolling stock management system helps to improve the optimal performance of rolling stock. The rise in expansion and development of the rail industry is creating a demand for rolling stocks such as locomotives, freight cars, and passenger trains, which further boosts the demand for an efficient rolling stock management system.

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Segmental Analysis: Rolling Stock Management Market

Based on management type, the rolling stock management market is bifurcated into rail management and infrastructure. Based on maintenance service, the rolling stock management market is categorized into corrective maintenance, preventive maintenance, and predictive maintenance. Geographically, the rolling stock management market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Regional Analysis: Rolling Stock Management Market

The rolling stock management market is categorized into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). The global air rolling stock management market growth is attributed to increased passenger traffic and a rise in rail stations. Most conventional rail networks are in North America, Europe, and APAC. According to the Federal Transit Administration data in 2019, these regions account for ~90% of global passenger movements on a conventional rail, with India leading at 39%, followed by China at 27%, Japan at 11%, and the European Union at 9%. The growing number of infrastructures and passengers is boosting the need to procure these rolling stocks to cater to the demand for increased maintenance services. Thus, the rise in the number of rail stations is boosting the demand for rolling stock management services for efficiency, reliability, and safety between the railways and stations, fueling the rolling stock management market.

automotive-and-transportation
Regional Analysis: Rolling Stock Management Market
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Key Player Analysis: Rolling Stock Management Market

A few of the major players operating in the rolling stock management market are Alstom SA, Hitachi Rail Ltd, ABB Ltd, Mitsubishi Electric Corp, Siemens Mobility GmbH, Talgo SA, Thales SA, Toshiba Infrastructure Systems and Solutions Corp, Trimble Inc, and LocoTech LLC. Many companies are investing in rolling stock management owing to the potential improvements related to accuracy, operational efficiency, and timely order fulfillment of the rolling stocks.

Recent Developments:  Rolling Stock Management Market

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the rolling stock management market. A few recent key rolling stock management market developments are listed below: 

  • In 2023, Alstom signed a contract with the Port Authority of New York and New Jersey and Newark Liberty International Airport to provide operations and maintenance services for its Innovia monorail system—AirTrain Newark—for the next seven years by January 2030. The contract is valued more than US$ 260 million and includes an option for one additional year.
  • In 2023, ABB received US$ 170 million in orders from Stadler, a Swiss-Swedish multinational company, to power more than 300 new trains and locomotives. The trains were used across various European railway networks to modernize and reinforce train transportation in countries such as the UK, Spain, Portugal, Germany, and Austria, as well as in a few European railway corridors.
  • In 2023, Siemens Mobility delivered 1,200 electric locomotives and promised 35 years of full-service maintenance. This is considered the single largest locomotive order in the history of Siemens Mobility as well as Siemens India. With this, Siemens Mobility has strengthened its position in the market.
  • In 2022, Thales demonstrated new train technology to stakeholders that made the UK rail network safer for track workers, train crews, and passengers. Thales worked with Network Rail and the West Somerset Railway (WSR) to run a live demonstration of its Train Protection and Warning System-Continuous Supervision (TPWS-CS).

Rolling Stock Management Market Report Scope

Report Attribute Details
Market size in 2022 US$ 48.57 Billion
Market Size by 2028 US$ 68.76 Billion
Global CAGR (2022 - 2028) 6.0%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Management Type
  • Rail Management and Infrastructure Management
By Maintenance Service
  • Corrective Maintenance
  • Preventive Maintenance
  • Predictive Maintenance
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Alstom SA
  • ABB Ltd
  • Hitachi Rail Ltd
  • Mitsubishi Electric Corp
  • Siemens Mobility GmbH
  • Talgo SA
  • Thales SA
  • Toshiba Infrastructure Systems and Solutions Corp
  • Trimble Inc
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Management Type, and Maintenance Service

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    Frequently Asked Questions


    What are the future trends of the rolling stock management market?

    The use of 5G in the rolling stock management provides higher bandwidth for the data transmission between the rolling stock and authorities engaged in its management. It also improves train-to-ground communications and helps the operators make better decisions regarding the action needed to maintain the reliable operation of the rolling stock.

    What are the driving factors impacting the rolling stock management market?

    1. Expansion of Rail Industry
    2. Rising Safety and Security Concerns Regarding Rail Infrastructure

    Which are the key players holding the major market share of rolling stock management market?

    The key players, holding majority shares, in rolling stock management market includes Alstom SA, Siemens Mobility GmbH, Mitsubishi Electric Corp, Hitachi Rail Ltd, and Toshiba Infrastructure Systems and Solutions Corp.

    What will be the global market size for rolling stock management market by 2028?

    The military drone market is expected to reach US$ 68,761.96 million by 2028

    Which is the fastest growing regional market?

    APAC is anticipated to grow with the highest CAGR over the forecast period.

    What is the estimated global market size for the rolling stock management market in 2022?

    The rolling stock management market was estimated to be US$ 48,571.46 million in 2022 and is expected to grow at a CAGR of 6.0 %, during the period 2022 - 2028.

    The List of Companies - Rolling Stock Management Market 

    1. Alstom SA
    2. ABB Ltd
    3. Hitachi Rail Ltd
    4. Mitsubishi Electric Corp
    5. Siemens Mobility GmbH
    6. Talgo SA
    7. Thales SA
    8. Toshiba Infrastructure Systems and Solutions Corp
    9. Trimble Inc
    10. LocoTech LLC   

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

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    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

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