Asia Pacific Rolling Stock Market Size & Outlook
Asia Pacific rolling stock market, 2018-2030 (US$M)
Related Markets
Asia Pacific rolling stock market highlights
- The Asia Pacific rolling stock market generated a revenue of USD 27,653.0 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, rapid transit vehicle was the largest revenue generating product in 2023.
- Rapid Transit vehicle is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 27,653.0 million |
| Market revenue in 2030 | USD 42,903.1 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Rapid transit vehicle |
| Fastest growing segment | Rapid Transit vehicle |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Locomotive, Rapid Transit vehicle, Wagons |
| Key market players worldwide | Alstom SA, CRRC Corp Ltd ADR, Westinghouse Air Brake Technologies Corp, Hitachi Ltd, Kawasaki Heavy Industries Ltd, Siemens AG, Stadler Rail AG Registered Shares, Greenbrier Companies Inc, Trinity Industries Inc, Hyundai Rotem |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 43.1% of the global rolling stock market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 13,231.5 million by 2030.
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Rolling Stock Market Scope
Rolling Stock Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific rolling stock market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to rolling stock market will help companies and investors design strategic landscapes.
Rapid transit vehicle was the largest segment with a revenue share of 42.5% in 2023. Horizon Databook has segmented the Asia Pacific rolling stock market based on locomotive, rapid transit vehicle, wagons covering the revenue growth of each sub-segment from 2018 to 2030.
The APAC regional market is anticipated to witness remarkable growth. Economies in this region, such as China, India, Japan, Taiwan, Vietnam, the Philippines, and Indonesia, among others, have undertaken significant efforts to improve their respective transportation services.
Emerging economies in the region, especially countries, such as China and Taiwan, are continuously investing in advanced trains. Manufacturers in the region are supporting initiatives undertaken by their respective governments to upgrade transportation systems.
Economic growth, urbanisation, and increasing population are some of the factors that are creating opportunities for investments in rail vehicle manufacturing. Aggressive investments in the rail sector, especially in high-speed systems, are particularly evident. Besides, China is evolving as one of the largest and one most dynamic rail markets in the world.
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Target buyers of Asia Pacific rolling stock market databook
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Our clientele includes a mix of rolling stock market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific rolling stock market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific rolling stock market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific rolling stock market size, by country, 2018-2030 (US$M)
Asia Pacific Rolling Stock Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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