The North America Rolling Stock Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030).
The exploration of autonomous and semi-autonomous train technologies is gaining momentum. Advanced control systems, artificial intelligence, and automation are implemented to enhance safety, optimize operations, and reduce human error. Autonomous trains have the potential to revolutionize freight transport, enabling more precise and responsive logistics operations. These stocks manufacturers increasingly focus on customization and modular design to meet diverse market needs. Modular components allow for flexibility in design, making it easier for operators to tailor trains for specific purposes. This approach enhances efficiency, facilitates easier maintenance, and extends the lifespan of these stocks.
Magnetic levitation (maglev) technology represents an innovative trend in rolling stock. Maglev trains, which levitate above tracks using magnetic forces, offer the potential for extremely high-speed travel with minimal friction. While not yet widely adopted, ongoing research and development suggest that maglev technology may play a more significant role in the future of rail transport. Improving the passenger experience is a growing trend in the market. Modern trains are designed with a focus on comfort, accessibility, and entertainment. Features like Wi-Fi connectivity, charging stations, and improved seating arrangements make train travel more appealing to passengers.
E-commerce has led to a substantial increase in the volume of goods transported across North America. E-commerce logistics relies heavily on intermodal transportation, where goods are seamlessly transferred between different modes of transport, including trains and trucks in North America. The Mexican Online Sales Association estimates that the domestic e-commerce sector was worth USD 19.7 billion in 2021, an increase of 27% over 2020. In 2021, there were 57.5 million users of Mexican eCommerce, up 11% from the previous year. In 2020, women made up 51% of Mexican eCommerce users. Similarly, as per the International Trade Administration, in 2022, there were more than 27 million e-commerce users in Canada, or 75% of the population. By 2025, this percentage is projected to increase to 77.6%. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Rolling Stock Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $13,569.2 Million by 2030. The Canada market is experiencing a CAGR of 7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.1% during (2023 - 2030).
Free Valuable Insights: The Rolling Stock Market is Predict to reach USD 81.3 Billion by 2030, at a CAGR of 5.2%
Based on Type, the market is segmented into Diesel, and Electric. Based on Product, the market is segmented into Wagon, Rapid Transport, and Locomotive. Based on Train Type, the market is segmented into Rail Freight, and Passenger Rail. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Alstom SA (Alstom Transport)
- Kawasaki Heavy Industries, Ltd.
- Siemens AG (Siemens Mobility)
- Wabtec Corporation (GE Transportation)
- Hitachi, Ltd. (Hitachi Rail Systems)
- CRRC Corporation Limited
- Hyundai Motor Company (Hyundai Rotem Company)
- IHI Corporation (Dai-ichi Life)
- Mitsubishi Heavy Industries Ltd. (Mitsubishi Power, Ltd.)
- Trinity Industries, Inc. (TrinityRail)
North America Rolling Stock Market Report Segmentation
By Type
By Product
- Wagon
- Rapid Transport
- Locomotive
By Train Type
- Rail Freight
- Passenger Rail
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Rolling Stock Market, by Type
1.4.2 North America Rolling Stock Market, by Product
1.4.3 North America Rolling Stock Market, by Train Type
1.4.4 North America Rolling Stock Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies Deployed in Rolling Stock Market
Chapter 5. North America Rolling Stock Market by Type
5.1 North America Diesel Market by Region
5.2 North America Electric Market by Region
Chapter 6. North America Rolling Stock Market by Product
6.1 North America Wagon Market by Country
6.2 North America Rapid Transport Market by Country
6.3 North America Locomotive Market by Country
Chapter 7. North America Rolling Stock Market by Train Type
7.1 North America Rail Freight Market by Country
7.2 North America Passenger Rail Market by Country
Chapter 8. North America Rolling Stock Market by Country
8.1 US Rolling Stock Market
8.1.1 US Rolling Stock Market by Type
8.1.2 US Rolling Stock Market by Product
8.1.3 US Rolling Stock Market by Train Type
8.2 Canada Rolling Stock Market
8.2.1 Canada Rolling Stock Market by Type
8.2.2 Canada Rolling Stock Market by Product
8.2.3 Canada Rolling Stock Market by Train Type
8.3 Mexico Rolling Stock Market
8.3.1 Mexico Rolling Stock Market by Type
8.3.2 Mexico Rolling Stock Market by Product
8.3.3 Mexico Rolling Stock Market by Train Type
8.4 Rest of North America Rolling Stock Market
8.4.1 Rest of North America Rolling Stock Market by Type
8.4.2 Rest of North America Rolling Stock Market by Product
8.4.3 Rest of North America Rolling Stock Market by Train Type
Chapter 9. Company Profiles
9.1 Alstom SA (Alstom Transport)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Acquisition and Mergers:
9.1.5.2 Geographical Expansions:
9.1.6 SWOT Analysis
9.2 Kawasaki Heavy Industries, Ltd.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 Siemens AG (Siemens Mobility)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Product Launches and Product Expansions:
9.3.5.2 Acquisition and Mergers:
9.3.5.3 Geographical Expansions:
9.3.6 SWOT Analysis
9.4 Wabtec Corporation (GE Transportation)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional & Segmental Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Acquisition and Mergers:
9.4.5 SWOT Analysis
9.5 Hitachi, Ltd. (Hitachi Rail Systems)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 SWOT Analysis
9.6 CRRC Corporation Limited
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 Hyundai Motor Company
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 SWOT Analysis
9.8 IHI Corporation (Dai-ichi Life)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 Mitsubishi Heavy Industries Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental Analysis
9.9.4 Research & Development Expenses
9.9.5 SWOT Analysis
9.10. Trinity Industries, Inc. (TrinityRail)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 SWOT Analysis
TABLE 1 North America Rolling Stock Market, 2019 - 2022, USD Million
TABLE 2 North America Rolling Stock Market, 2023 - 2030, USD Million
TABLE 3 North America Rolling Stock Market by Type, 2019 - 2022, USD Million
TABLE 4 North America Rolling Stock Market by Type, 2023 - 2030, USD Million
TABLE 5 North America Diesel Market by Region, 2019 - 2022, USD Million
TABLE 6 North America Diesel Market by Region, 2023 - 2030, USD Million
TABLE 7 North America Electric Market by Region, 2019 - 2022, USD Million
TABLE 8 North America Electric Market by Region, 2023 - 2030, USD Million
TABLE 9 North America Rolling Stock Market by Product, 2019 - 2022, USD Million
TABLE 10 North America Rolling Stock Market by Product, 2023 - 2030, USD Million
TABLE 11 North America Wagon Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Wagon Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Rapid Transport Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Rapid Transport Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Locomotive Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Locomotive Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Rolling Stock Market by Train Type, 2019 - 2022, USD Million
TABLE 18 North America Rolling Stock Market by Train Type, 2023 - 2030, USD Million
TABLE 19 North America Rail Freight Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Rail Freight Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Passenger Rail Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Passenger Rail Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Rolling Stock Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Rolling Stock Market by Country, 2023 - 2030, USD Million
TABLE 25 US Rolling Stock Market, 2019 - 2022, USD Million
TABLE 26 US Rolling Stock Market, 2023 - 2030, USD Million
TABLE 27 US Rolling Stock Market by Type, 2019 - 2022, USD Million
TABLE 28 US Rolling Stock Market by Type, 2023 - 2030, USD Million
TABLE 29 US Rolling Stock Market by Product, 2019 - 2022, USD Million
TABLE 30 US Rolling Stock Market by Product, 2023 - 2030, USD Million
TABLE 31 US Rolling Stock Market by Train Type, 2019 - 2022, USD Million
TABLE 32 US Rolling Stock Market by Train Type, 2023 - 2030, USD Million
TABLE 33 Canada Rolling Stock Market, 2019 - 2022, USD Million
TABLE 34 Canada Rolling Stock Market, 2023 - 2030, USD Million
TABLE 35 Canada Rolling Stock Market by Type, 2019 - 2022, USD Million
TABLE 36 Canada Rolling Stock Market by Type, 2023 - 2030, USD Million
TABLE 37 Canada Rolling Stock Market by Product, 2019 - 2022, USD Million
TABLE 38 Canada Rolling Stock Market by Product, 2023 - 2030, USD Million
TABLE 39 Canada Rolling Stock Market by Train Type, 2019 - 2022, USD Million
TABLE 40 Canada Rolling Stock Market by Train Type, 2023 - 2030, USD Million
TABLE 41 Mexico Rolling Stock Market, 2019 - 2022, USD Million
TABLE 42 Mexico Rolling Stock Market, 2023 - 2030, USD Million
TABLE 43 Mexico Rolling Stock Market by Type, 2019 - 2022, USD Million
TABLE 44 Mexico Rolling Stock Market by Type, 2023 - 2030, USD Million
TABLE 45 Mexico Rolling Stock Market by Product, 2019 - 2022, USD Million
TABLE 46 Mexico Rolling Stock Market by Product, 2023 - 2030, USD Million
TABLE 47 Mexico Rolling Stock Market by Train Type, 2019 - 2022, USD Million
TABLE 48 Mexico Rolling Stock Market by Train Type, 2023 - 2030, USD Million
TABLE 49 Rest of North America Rolling Stock Market, 2019 - 2022, USD Million
TABLE 50 Rest of North America Rolling Stock Market, 2023 - 2030, USD Million
TABLE 51 Rest of North America Rolling Stock Market by Type, 2019 - 2022, USD Million
TABLE 52 Rest of North America Rolling Stock Market by Type, 2023 - 2030, USD Million
TABLE 53 Rest of North America Rolling Stock Market by Product, 2019 - 2022, USD Million
TABLE 54 Rest of North America Rolling Stock Market by Product, 2023 - 2030, USD Million
TABLE 55 Rest of North America Rolling Stock Market by Train Type, 2019 - 2022, USD Million
TABLE 56 Rest of North America Rolling Stock Market by Train Type, 2023 - 2030, USD Million
TABLE 57 Key Information – Alstom SA
TABLE 58 Key Information – Kawasaki Heavy Industries, Ltd.
TABLE 59 Key Information – Siemens AG
TABLE 60 Key information – Wabtec Corporation
TABLE 61 Key Information – Hitachi ltd.
TABLE 62 Key Information – CRRC Corporation Limited
TABLE 63 key Information – Hyundai Motor Company
TABLE 64 Key information – IHI Corporation
TABLE 65 Key Information – Mitsubishi Heavy Industries Ltd.
TABLE 66 Key Information – Trinity Industries, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Rolling Stock Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Rolling Stock Market
FIG 4 Porter’s Five Forces Analysis - Rolling Stock Market
FIG 5 North America Rolling Stock Market share by Type, 2022
FIG 6 North America Rolling Stock Market share by Type, 2030
FIG 7 North America Rolling Stock Market by Type, 2019 - 2030, USD Million
FIG 8 North America Rolling Stock Market share by Product, 2022
FIG 9 North America Rolling Stock Market share by Product, 2030
FIG 10 North America Rolling Stock Market by Product, 2019 - 2030, USD Million
FIG 11 North America Rolling Stock Market share by Train Type, 2022
FIG 12 North America Rolling Stock Market share by Train Type, 2030
FIG 13 North America Rolling Stock Market by Train Type, 2019 - 2030, USD Million
FIG 14 North America Rolling Stock Market share by Country, 2022
FIG 15 North America Rolling Stock Market share by Country, 2030
FIG 16 North America Rolling Stock Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: Alstom SA
FIG 18 SWOT Analysis: Kawasaki Heavy Industries, Ltd.
FIG 19 SWOT Analysis: Siemens AG
FIG 20 Swot Analysis: Wabtec Corporation
FIG 21 Swot Analysis: Hitachi, Ltd.
FIG 22 Swot Analysis: CRRC Corporation Limited
FIG 23 Swot Analysis: Hyundai Motor Company
FIG 24 Swot Analysis: IHI Corporation
FIG 25 Swot Analysis: Mitsubishi Heavy Industries Ltd.
FIG 26 Swot Analysis: Trinity Industries, Inc.