Summary

The global rolling stock market, by value, is estimated to be USD 28.6 Billion in 2024 and is projected to reach USD 40.1 Billion by 2030, at a CAGR of 5.8% from 2024 to 2030. Technological trends such as the integration of advanced digital technologies including the Internet of Things, AI (artificial intelligence) and big data analytics for predictive maintenance and operational efficiency are influencing market growth. The development of energy-efficient and environmentally friendly propulsion systems, such as hybrid and battery electric trains, is gaining momentum to meet sustainability goals. Other important factors are improved safety through automated train control and signaling systems supported by real-time monitoring and diagnostic facilities. Further, passenger comfort and convenience are enhanced by developing smart entertainment systems, enhanced interior design, and seamless connectivity. All these innovations have the combined effect of increasing performance and reducing operating costs but also offer a better passenger experience, which will positively impact market growth.
“Wagons segments hold the prominent market share in the forecast period.”
Freight wagons are in large demand in countries such as the US, China, and Russia, because of the demand for replacements and strong growth of the logistics sector. The market for freight wagons is hiked by the availability of technologically advanced, custom-made wagons such as chemical and pressure tank wagons and car-carrier and low-loader container-carrying wagons. According to Indian Railways, the domestic carrier transported 139.16 million tonnes of cargo in May 2024. This is 3.6% more than the loading of 134.16 MT achieved in May 2023. Also, according to the Association of American Railroads, rail traffic, including containers and trailers, is increase by 5% in 2023 compared to 2022. Thus, demand for freight wagons will grow during the forecast period due to increasing trade activity.
“By, Locomotive technology, Conventional locomotive hold the largest market share in rolling stock market.”
Globally, rail electrification trends are expected to increase the demand for electric and electro-diesel locomotives. Countries like China, India, Japan, USA, Germany and other countries ban the production of diesel locomotives. For example, the California Air Resources Board (CARB) approved regulations in April banning the operation of diesel locomotives in California, and the rule went into effect on January 1, 2024. Such regulation will govern the conventional locomotive market. In addition, the continued progress and modernization of railway infrastructure in developing countries creates a need for robust and cost-effective solutions for locomotives. Also, advances in conventional locomotive technology such as improved fuel efficiency, lower emissions and increased power make them an attractive choice for railway operators.
“North America region holds the significant market share in the Wagons segment.”
The wagons segment in the North American rolling stock market is growing due to several key factors such as high demand for the movement of goods on this continent due to the dependence of industries like manufacturing, agriculture, and mining on railways for the bulk movement of goods; demand for wagons gets a boost from the e-commerce business and international trade due to the need to handle large volumes and different types of goods. Freight rail in US accounts for around 40% of long-distance ton-miles more than any other mode of transportation. Railway companies invest in infrastructure renovation. In turn, this increases rail network efficiency and boosts capacity. The Federal Highway Administration forecasts that total US freight movements will rise to 25.1 billion tons in 2040. As of April 2024, US Railway Freight Car exports reached USD 57.2 Mn and imports reached USD 33.3 Mn, maintaining the trade balance at USD 24 Mn. Further, There is again a drive toward greener technologies where new regulations encourage more energy-efficient and eco-friendly wagons.
Moreover, Rail telematics is significantly impacting the railcar market in North America by increasing operational efficiency, safety and asset management. Through GPS tracking, real-time data analysis and wireless communication, telematics systems provide accurate location tracking, condition monitoring and predictive vehicle maintenance. The integration of these advanced technologies into railcars is increasing their demand as rail operators seek to leverage these benefits for competitive advantage and operational excellence. All these factors combined drive innovation and growth in the wagons segment of the market.
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: OEMs - 40%, Tier I - 41%, Tier II - 19%,
• By Designation: C Level Executives - 23%, Directors - 42%, and Others - 35%
• By Region: North America-20%, Europe-24%, Asia Oceania-36%, MEA-15%, RoW-5%
The rolling stock market comprises major companies such CRRC Corporation Limited (China), Siemens AG (Germany), Alstom SA (France), Stadler Rail AG (Switzerland), and Wabtec Corporation (US).
Research Coverage:
The Market Study Covers the Rolling Stock Market By Product Type (locomotives, rapid transit, wagons, coaches, and others), By Locomotive Technology Type (conventional locomotives and turbocharged locomotives), By Application (passenger transportation and freight transportation), By Component (pantographs, axles, wheelsets, traction motors, passenger information systems, air conditioning systems, auxiliary power systems, train control systems, brakes, baffle gears, couplers, and gearboxes), and By Region (North America, Europe, Asia Oceania, Middle East & Africa and the Rest of the World). It also covers the competitive landscape and company profiles of the major rolling stock market ecosystem players.

Key Benefits of the Report
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.
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall rolling stock market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Rising preference for railway-based public transport aims to alleviate traffic congestion, Rising demand for energy-efficient transport, Increasing demand for comfort and safety, Increasing electrification of railway networks, Rising demand for freight transport), 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, Retrofitting of diesel-electric 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), Siemens AG (Germany), Alstom SA (France), Stadler Rail AG (Switzerland), and Wabtec Corporation (US) among others in the rolling stock market Page 25 of 34 strategies. The report also helps stakeholders understand the pulse of the adjacent reports such Hybrid Train Market, Autonomous Train market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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Table of Contents

1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 MARKET DEFINITION 29
1.2.1 INCLUSIONS AND EXCLUSIONS 30
1.3 STUDY SCOPE 32
1.3.1 MARKETS COVERED 32
1.3.2 YEARS CONSIDERED 33
1.4 CURRENCY CONSIDERED 33
1.5 UNIT CONSIDERED 33
1.6 STAKEHOLDERS 34
1.7 SUMMARY OF CHANGES 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
2.1.1 SECONDARY DATA 36
2.1.1.1 Secondary sources 37
2.1.1.2 Key data from secondary sources 38
2.1.2 PRIMARY DATA 38
2.1.2.1 Primary participants 39
2.1.2.2 Key data from primary sources 39
2.1.2.3 Breakdown of primary interviews 40
2.1.2.4 Major objectives of primary research 40
2.2 MARKET SIZE ESTIMATION 40
2.2.1 BOTTOM-UP APPROACH 42
2.2.2 TOP-DOWN APPROACH 42
2.3 DATA TRIANGULATION 44
2.4 FACTOR ANALYSIS 46
2.5 RESEARCH ASSUMPTIONS 46
2.6 RESEARCH LIMITATIONS 47
2.7 RISK ASSESSMENT 48
3 EXECUTIVE SUMMARY 49
4 PREMIUM INSIGHTS 52
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ROLLING STOCK MARKET 52
4.2 ROLLING STOCK MARKET, BY PRODUCT TYPE 52
4.3 ROLLING STOCK MARKET, BY APPLICATION 53
4.4 ROLLING STOCK MARKET, BY LOCOMOTIVE TECHNOLOGY 53
4.5 ROLLING STOCK MARKET, BY REGION 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
5.2 MARKET DYNAMICS 56
5.2.1 DRIVERS 56
5.2.1.1 Focus on alleviating traffic congestion 56
5.2.1.2 Consumer preference for energy-efficient transportation 57
5.2.1.3 Development of advanced rolling stock technologies to enhance passenger comfort 58
5.2.1.4 Growing electrification of railway networks 58
5.2.1.5 Rising demand for freight transportation 59
5.2.2 RESTRAINTS 60
5.2.2.1 Refurbishment of existing rolling stock to prevent new procurement 60
5.2.2.2 Capital-intensive nature of rolling stock 60
5.2.3 OPPORTUNITIES 61
5.2.3.1 Extensive use of big data analytics in rail infrastructure 61
5.2.3.2 Surge in industrial and mining activities 61
5.2.3.3 Shift toward hydrogen fuel cell locomotives 61
5.2.3.4 Increasing demand for battery-operated trains 62
5.2.3.5 Retrofitting of diesel-electric trains 63
5.2.4 CHALLENGES 63
5.2.4.1 High overhaul and maintenance costs 63
5.2.4.2 Need for substantial R&D investments 63
5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 65
5.4 PRICING ANALYSIS 66
5.4.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS 66
5.4.2 AVERAGE SELLING PRICE TREND, BY PRODUCT TYPE 67
5.4.3 AVERAGE SELLING PRICE TREND OF ROLLING STOCK BY REGION 68
5.5 ECOSYSTEM ANALYSIS 69
5.6 SUPPLY CHAIN ANALYSIS 71
5.6.1 RAW MATERIAL PROVIDERS AND COMPONENT SUPPLIERS 72
5.6.2 ORIGINAL EQUIPMENT MANUFACTURERS 72
5.6.3 OPERATORS AND END USERS 72
5.7 CASE STUDY ANALYSIS 72
5.7.1 MODERNIZATION OF ROLLING STOCK WITH STADLER RAIL’S FLIRT EMUS 72
5.7.2 CRRC SETS BENCHMARK FOR EXCAVATION OF BIG ANALOG DATA VALUE 73
5.7.3 GOLINC-M MODULES ENABLE RETROFITTING OF REMOTE CONDITION MONITORING 73
5.7.4 MONORAIL SYSTEMS REDUCE TRAFFIC CONGESTION IN KOREAN METROPOLIS 74
5.7.5 HYDROGEN TRAIN PROJECT HELPS SCOTTISH GOVERNMENT ACHIEVE NET ZERO TARGETS 74
5.7.6 FREIGHTLINER SHIFTS TOWARD NET ZERO WITH LOW-CARBON FUEL 75
5.8 PATENT ANALYSIS 76
5.9 TECHNOLOGY ANALYSIS 80
5.9.1 KEY TECHNOLOGIES 80
5.9.1.1 Regenerative Braking 80
5.9.1.2 Autonomous Trains 81
5.9.1.3 Tri-mode Trains 82
5.9.1.4 Tilting Trains 83
5.9.2 COMPLEMENTARY TECHNOLOGIES 83
5.9.2.1 Train Control and Management Systems 83
5.9.2.2 Collision Avoidance Systems 84
5.9.3 ADJACENT TECHNOLOGIES 85
5.9.3.1 Digitalization 85
5.9.3.2 Big Data Analytics 86
5.9.3.3 Internet of Trains 87
5.10 INVESTMENT AND FUNDING SCENARIO 87
5.11 FUNDING, BY APPLICATION 89
5.12 IMPACT OF AI/GEN AI ON ROLLING STOCK MARKET 90
5.13 TRADE ANALYSIS 91
5.14 TARIFF AND REGULATORY LANDSCAPE 93
5.14.1 TARIFF ANALYSIS 93
5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
5.15 KEY CONFERENCES AND EVENTS, 2025 - 2026 100
5.16 KEY STAKEHOLDERS AND BUYING CRITERIA 100
5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS 101
5.16.2 BUYING CRITERIA 102
6 ROLLING STOCK MARKET, BY COMPONENT 103
6.1 INTRODUCTION 103
6.2 TRAIN CONTROL SYSTEMS 103
6.3 PANTOGRAPHS 104
6.4 AXLES 105
6.5 WHEELSETS 105
6.6 TRACTION MOTORS 105
6.7 PASSENGER INFORMATION SYSTEMS 106
6.8 BRAKES 106
6.9 AIR CONDITIONING SYSTEMS 106
6.10 AUXILIARY POWER SYSTEMS 106
6.11 GEARBOXES 107
6.12 BAFFLE GEARS 107
6.13 COUPLERS 107
 
7 ROLLING STOCK MARKET, BY LOCOMOTIVE TECHNOLOGY 108
7.1 INTRODUCTION 109
7.2 CONVENTIONAL LOCOMOTIVES 112
7.2.1 IMPROVED PERFORMANCE WITH TECHNOLOGICAL INNOVATIONS TO DRIVE MARKET 112
7.3 TURBOCHARGED LOCOMOTIVES 113
7.3.1 COMPLIANCE WITH EMISSION REGULATIONS TO DRIVE MARKET 113
7.4 MAGLEV 115
7.4.1 ELECTROMAGNETIC SUSPENSION 117
7.4.2 ELECTRODYNAMIC SUSPENSION 117
7.4.3 INDUCTRACK 117
7.5 KEY PRIMARY INSIGHTS 118
8 ROLLING STOCK MARKET, BY PRODUCT TYPE 119
8.1 INTRODUCTION 120
8.2 LOCOMOTIVES 122
8.2.1 DIESEL LOCOMOTIVES 124
8.2.1.1 Electrification of railway networks in Europe and Asia to impede market 124
8.2.2 ELECTRIC LOCOMOTIVES 126
8.2.2.1 Rising investments in electrification of railway networks to drive market 126
8.2.3 ELECTRO-DIESEL LOCOMOTIVES 127
8.2.3.1 Government and private sectors’ focus on sustainability to drive market 127
8.3 RAPID TRANSIT 129
8.3.1 DIESEL MULTIPLE UNITS 131
8.3.1.1 Non-feasibility of railway electrification in specific areas to drive market 131
8.3.2 ELECTRIC MULTIPLE UNITS 133
8.3.2.1 Significant advantages over diesel multiple units and locomotives to drive market 133
8.3.3 LIGHT RAILS/TRAMS 135
8.3.3.1 Push for alternatives to traditional buses and cars to drive market 135
8.3.4 SUBWAYS/METROS 137
8.3.4.1 Investments in urban transportation networks to drive market 137
8.3.5 MONORAILS 138
8.4 COACHES 139
8.4.1 GROWING PASSENGER DEMAND FOR COMFORTABLE RAIL TRANSPORTATION TO DRIVE MARKET 139
8.5 WAGONS 141
8.5.1 NEED FOR HIGH-CAPACITY FREIGHT TRANSPORTATION IN LOGISTICS AND MANUFACTURING INDUSTRIES TO DRIVE MARKET 141
8.6 OTHERS 143
8.7 KEY PRIMARY INSIGHTS 143
9 ROLLING STOCK MARKET, BY APPLICATION 144
9.1 INTRODUCTION 145
9.2 PASSENGER TRANSPORTATION 147
9.2.1 LOCOMOTIVES 149
9.2.1.1 Shift toward electrification to drive market 149
9.2.2 COACHES 150
9.2.2.1 Integration of advanced safety features to drive market 150
9.3 FREIGHT TRANSPORTATION 152
9.3.1 LOCOMOTIVES 154
9.3.1.1 Focus on reducing operational costs to drive market 154
9.3.2 WAGONS 156
9.3.2.1 Extensive use in trade and logistics industries to drive market 156
9.4 KEY PRIMARY INSIGHTS 158
10 ROLLING STOCK MARKET, BY REGION 159
10.1 INTRODUCTION 160
10.2 ASIA OCEANIA 163
10.2.1 MACROECONOMIC OUTLOOK 163
10.2.2 RAPID TRANSIT PROJECTS 165
10.2.3 LIGHT RAIL PROJECTS 166
10.2.4 HIGH-SPEED RAIL/BULLET TRAIN PROJECTS 166
10.2.5 CHINA 169
10.2.5.1 Construction of new high-speed rail lines to drive market 169
10.2.6 INDIA 172
10.2.6.1 Focus on expansion of electrified railway network to drive market 172
10.2.7 JAPAN 174
10.2.7.1 Significant presence of rail service providers to drive market 174
10.2.8 SOUTH KOREA 177
10.2.8.1 Government initiatives promoting public transportation to drive market 177
10.2.9 AUSTRALIA 179
10.2.10 MALAYSIA 179
10.3 EUROPE 180
10.3.1 MACROECONOMIC OUTLOOK 180
10.3.2 METRO/HIGH-SPEED RAILWAY PROJECTS 183
10.3.3 RAPID TRANSIT PROJECTS 184
10.3.4 GERMANY 187
10.3.4.1 Growing investments in railway infrastructure modernization to drive market 187
 
10.3.5 FRANCE 189
10.3.5.1 Government subsidies and incentives for sustainable transportation to drive market 189
10.3.6 UK 191
10.3.6.1 Ongoing upgrades of domestic rail networks to drive market 191
10.3.7 ITALY 194
10.3.7.1 Expanding railway networks to drive market 194
10.3.8 SPAIN 196
10.3.8.1 Increasing demand for mass rapid transit to drive market 196
10.3.9 SWITZERLAND 198
10.3.10 AUSTRIA 198
10.3.11 SWEDEN 198
10.4 NORTH AMERICA 199
10.4.1 MACROECONOMIC OUTLOOK 199
10.4.2 HIGH-SPEED RAIL/BULLET TRAIN PROJECTS 201
10.4.3 RAPID TRANSIT PROJECTS 201
10.4.4 US 203
10.4.4.1 Modernization of existing transportation modalities to drive market 203
10.4.5 MEXICO 206
10.4.5.1 Rising demand for railroad wagons to drive market 206
10.4.6 CANADA 208
10.4.6.1 Surging demand for passenger and freight transportation to drive market 208
10.5 MIDDLE EAST & AFRICA 210
10.5.1 MACROECONOMIC OUTLOOK 211
10.5.2 METRO/MONORAIL PROJECTS 212
10.5.3 RAPID TRANSIT PROJECTS 212
10.5.4 SOUTH AFRICA 215
10.5.4.1 Government investments in railway sector to drive market 215
10.5.5 UAE 217
10.5.5.1 Advances in rail infrastructure to drive market 217
10.5.6 EGYPT 219
10.5.6.1 Booming tourism industry to drive market 219
10.5.7 IRAN 221
10.6 REST OF THE WORLD 221
10.6.1 MACROECONOMIC OUTLOOK 221
10.6.2 METRO/MONORAIL PROJECTS 223
10.6.3 BRAZIL 224
10.6.3.1 Rising demand for electro-diesel locomotives to drive market 224
10.6.4 RUSSIA 227
10.6.4.1 Surge in domestic freight transportation to drive market 227
10.6.5 ARGENTINA 229
11 COMPETITIVE LANDSCAPE 230
11.1 INTRODUCTION 230
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025 230
11.3 MARKET SHARE ANALYSIS, 2023 232
11.4 REVENUE ANALYSIS, 2019–2023 234
11.5 COMPANY VALUATION AND FINANCIAL METRICS 235
11.5.1 COMPANY VALUATION 235
11.5.2 FINANCIAL METRICS 235
11.6 BRAND/PRODUCT COMPARISON 236
11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 237
11.7.1 STARS 237
11.7.2 EMERGING LEADERS 237
11.7.3 PERVASIVE PLAYERS 237
11.7.4 PARTICIPANTS 237
11.7.5 COMPANY FOOTPRINT 239
11.7.5.1 Company footprint 239
11.7.5.2 Application footprint 240
11.7.5.3 Region footprint 240
11.8 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2024 241
11.8.1 PROGRESSIVE COMPANIES 241
11.8.2 RESPONSIVE COMPANIES 241
11.8.3 DYNAMIC COMPANIES 241
11.8.4 STARTING BLOCKS 242
11.8.5 COMPETITIVE BENCHMARKING 243
11.8.5.1 List of start-ups/SMEs 243
11.8.5.2 Competitive benchmarking of start-ups/SMEs 243
11.9 COMPETITIVE SCENARIO 244
11.9.1 PRODUCT LAUNCHES 244
11.9.2 DEALS 246
11.9.3 EXPANSIONS 248
11.9.4 OTHERS 251
12 COMPANY PROFILES 253
12.1 KEY PLAYERS 253
12.1.1 CRRC CORPORATION LIMITED 253
12.1.1.1 Business overview 253
12.1.1.2 Products offered 254
12.1.1.3 Recent developments 256
12.1.1.3.1 Product launches/developments 256
12.1.1.3.2 Deals 259
12.1.1.3.3 Others 260
 
12.1.1.4 MnM view 262
12.1.1.4.1 Key strengths 262
12.1.1.4.2 Strategic choices 262
12.1.1.4.3 Weaknesses and competitive threats 263
12.1.2 SIEMENS AG 264
12.1.2.1 Business overview 264
12.1.2.2 Products offered 265
12.1.2.3 Recent developments 267
12.1.2.3.1 Product launches/developments 267
12.1.2.3.2 Deals 269
12.1.2.3.3 Expansions 270
12.1.2.3.4 Others 272
12.1.2.4 MnM view 277
12.1.2.4.1 Key strengths 277
12.1.2.4.2 Strategic choices 277
12.1.2.4.3 Weaknesses and competitive threats 277
12.1.3 ALSTOM SA 278
12.1.3.1 Business overview 278
12.1.3.2 Products offered 280
12.1.3.3 Recent developments 281
12.1.3.3.1 Product launches/developments 281
12.1.3.3.2 Deals 282
12.1.3.3.3 Expansions 285
12.1.3.3.4 Others 286
12.1.3.4 MnM view 291
12.1.3.4.1 Key strengths 291
12.1.3.4.2 Strategic choices 292
12.1.3.4.3 Weaknesses and competitive threats 292
12.1.4 STADLER RAIL AG 293
12.1.4.1 Business overview 293
12.1.4.2 Products offered 295
12.1.4.3 Recent developments 297
12.1.4.3.1 Product launches/developments 297
12.1.4.3.2 Deals 298
12.1.4.3.3 Expansions 298
12.1.4.3.4 Others 299
12.1.4.4 MnM view 302
12.1.4.4.1 Key strengths 302
12.1.4.4.2 Strategic choices 303
12.1.4.4.3 Weaknesses and competitive threats 303
 
12.1.5 WABTEC CORPORATION 304
12.1.5.1 Business overview 304
12.1.5.2 Products offered 306
12.1.5.3 Recent developments 308
12.1.5.3.1 Product launches/developments 308
12.1.5.3.2 Deals 309
12.1.5.3.3 Expansions 311
12.1.5.3.4 Others 312
12.1.5.4 MnM view 313
12.1.5.4.1 Key strengths 313
12.1.5.4.2 Strategic choices 314
12.1.5.4.3 Weaknesses and competitive threats 314
12.1.6 KAWASAKI HEAVY INDUSTRIES, LTD. 315
12.1.6.1 Business overview 315
12.1.6.2 Products offered 316
12.1.6.3 Recent developments 317
12.1.6.3.1 Product launches/developments 317
12.1.6.3.2 Others 318
12.1.7 CAF GROUP 319
12.1.7.1 Business overview 319
12.1.7.2 Products offered 320
12.1.7.3 Recent developments 321
12.1.7.3.1 Deals 321
12.1.7.3.2 Expansions 321
12.1.7.3.3 Others 322
12.1.8 HYUNDAI ROTEM COMPANY 325
12.1.8.1 Business overview 325
12.1.8.2 Products offered 326
12.1.8.3 Recent developments 326
12.1.8.3.1 Product launches/developments 326
12.1.8.3.2 Deals 327
12.1.8.3.3 Others 327
12.1.9 MITSUBISHI HEAVY INDUSTRIES, LTD. 329
12.1.9.1 Business overview 329
12.1.9.2 Products offered 330
12.1.9.3 Recent developments 331
12.1.9.3.1 Deals 331
12.1.9.3.2 Expansion 331
12.1.9.3.3 Others 332
 
12.1.10 TALGO 333
12.1.10.1 Business overview 333
12.1.10.2 Products offered 334
12.1.10.3 Recent developments 335
12.1.10.3.1 Product launches/developments 335
12.1.10.3.2 Deals 335
12.1.10.3.3 Others 335
12.1.11 TRANSMASHHOLDING 337
12.1.11.1 Business overview 337
12.1.11.2 Products offered 337
12.1.11.3 Recent developments 339
12.1.11.3.1 Product launches/developments 339
12.1.11.3.2 Deals 339
12.1.11.3.3 Expansions 339
12.1.11.3.4 Others 340
12.1.12 TITAGARH RAIL SYSTEMS LIMITED 341
12.1.12.1 Business overview 341
12.1.12.2 Products offered 342
12.1.12.3 Recent developments 343
12.1.12.3.1 Product launches/developments 343
12.1.12.3.2 Deals 343
12.1.12.3.3 Others 344
12.2 OTHER PLAYERS 345
12.2.1 TOSHIBA CORPORATION 345
12.2.2 HITACHI RAIL LIMITED 346
12.2.3 STRUKTON 346
12.2.4 THALES 347
12.2.5 DEUTSCHE BAHN AG 348
12.2.6 BEML LIMITED 348
12.2.7 RAIL VIKAS NIGAM LIMITED 349
12.2.8 BRAITHWAITE & CO. (INDIA) LTD. 350
12.2.9 CHITTARANJAN LOCOMOTIVE WORKS 350
12.2.10 WJIS 351
12.2.11 RHOMBERG SERSA RAIL HOLDING GMBH 351
12.2.12 SINARA TRANSPORT MACHINES 352
12.2.13 TRINITY INDUSTRIES, INC. 353
12.2.14 THE GREENBRIER COMPANIES 354
12.2.15 DAWONSYS CO., LTD. 355
 
13 RECOMMENDATIONS BY MARKETSANDMARKETS 356
13.1 ASIA OCEANIA TO BE DOMINANT IN GLOBAL ROLLING STOCK MARKET 356
13.2 NEED FOR FREIGHT TRANSPORTATION TO DRIVE DEMAND FOR WAGONS 356
13.3 DEMAND FOR FAST AND EFFICIENT URBAN TRANSPORTATION TO BOOST MARKET FOR SUBWAYS/METROS 357
13.4 CONCLUSION 357
14 APPENDIX 358
14.1 INSIGHTS FROM INDUSTRY EXPERTS 358
14.2 DISCUSSION GUIDE 358
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 362
14.4 CUSTOMIZATIONS OPTIONS 364
14.4.1 ADDITIONAL COMPANY PROFILES (UP TO FIVE) 364
14.4.2 ROLLING STOCK MARKET, BY TECHNOLOGY, AT COUNTRY LEVEL
(FOR COUNTRIES COVERED IN REPORT) 364
14.4.3 ROLLING STOCK MARKET, BY PRODUCT TYPE, AT COUNTRY LEVEL
(FOR COUNTRIES COVERED IN REPORT) 364
14.5 RELATED REPORTS 364
14.6 AUTHOR DETAILS 366