Asia Pacific Rolling Stock Market Size & Outlook
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Asia Pacific rolling stock market highlights
- The Asia Pacific rolling stock market generated a revenue of USD 29,548.8 million in 2024.
- The market is expected to grow at a CAGR of 7.8% from 2025 to 2033.
- In terms of segment, rapid transit vehicle was the largest revenue generating product in 2024.
- 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 2025 to 2033.
Asia Pacific data book summary
| Market revenue in 2024 | USD 29,548.8 million |
| Market revenue in 2033 | USD 57,151.7 million |
| Growth rate | 7.8% (CAGR from 2025 to 2033) |
| Largest segment | Rapid transit vehicle |
| Fastest growing segment | Rapid Transit Vehicle |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Locomotives, 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 44.0% of the global rolling stock market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 57,151.7 million by 2033.
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Rolling Stock Market Scope
Rolling Stock Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hyundai Rotem | View profile | 1001-5000 | Uiwang, Kyonggi-do, South Korea, Asia | https://www.hyundai-rotem.co.kr |
| Trinity Industries Inc | View profile | 9480 | 14221 N. Dallas Parkway, Suite 1100, Dallas, TX, United States, 75254-2957 | https://www.trin.net |
| Greenbrier Companies Inc | View profile | 13800 | One Centerpoint Drive, Suite 200, Lake Oswego, OR, United States, 97035 | https://www.gbrx.com |
| Stadler Rail AG Registered Shares | View profile | 13944 | Ernst-Stadler-Strasse 1, Bussnang, Switzerland, 9565 | https://www.stadlerrail.com |
| Westinghouse Air Brake Technologies Corp | View profile | 1100 | 30 Isabella Street, Pittsburgh, PA, United States, 15212 | https://www.wabteccorp.com |
| CRRC Corp Ltd ADR | View profile | 154292 | No. 16-5, Central West Fourth Ring Road, Haidian District, Beijing, China, People's Republic of, 100036 | https://www.crrcgc.cc |
| Alstom SA | View profile | 84748 | 48, Rue Albert Dhalenne, Saint-Ouen-sur-Seine, Paris, France, 93400 | https://www.alstom.com |
| Kawasaki Heavy Industries Ltd | View profile | 38254 | Kobe Crystal Tower, 1-3, Higashikawasaki-cho 1-chome, Chuo-ku, Kobe, Japan, 650-8680 | http://www.khi.co.jp |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
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 44.3% in 2024. Horizon Databook has segmented the Asia Pacific rolling stock market based on locomotives, rapid transit vehicle, wagons covering the revenue growth of each sub-segment from 2021 to 2033.
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 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Asia Pacific rolling stock market size, by country, 2021-2033 (US$M)
Asia Pacific Rolling Stock Market Outlook Share, 2024 & 2033 (US$M)
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