India Rolling Stock Market Size & Outlook, 2023-2030

The rolling stock market in India is expected to reach a projected revenue of US$ 8,814.6 million by 2030. A compound annual growth rate of 8.9% is expected of India rolling stock market from 2024 to 2030.
Revenue, 2023 (US$M)
$4,844.9
Forecast, 2030 (US$M)
$8,814.6
CAGR, 2024 - 2030
8.9%
Report Coverage
India

India rolling stock market highlights

  • The India rolling stock market generated a revenue of USD 4,844.9 million in 2023 and is expected to reach USD 8,814.6 million by 2030.
  • The India market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
  • In terms of segment, locomotive 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.


Rolling stock market data book summary

Market revenue in 2023USD 4,844.9 million
Market revenue in 2030USD 8,814.6 million
Growth rate8.9% (CAGR from 2023 to 2030)
Largest segmentLocomotive
Fastest growing segmentRapid Transit vehicle
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLocomotive, Rapid Transit vehicle, Wagons
Key market players worldwideAlstom 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, India accounted for 7.6% of the global rolling stock market in 2023.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China rolling stock market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,814.6 million by 2030.

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Rolling Stock Market Companies

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India 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.


Locomotive was the largest segment with a revenue share of 39.12% in 2023. Horizon Databook has segmented the India rolling stock market based on locomotive, rapid transit vehicle, wagons covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of India rolling stock market databook

  • Our clientele includes a mix of rolling stock market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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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Horizon Databook provides a detailed overview of country-level data and insights on the India rolling stock market , including forecasts for subscribers. This country databook contains high-level insights into India rolling stock market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India rolling stock market size, by product, 2018-2030 (US$M)

India Rolling Stock Market Outlook Share, 2023 & 2030 (US$M)

India rolling stock market size, by product, 2018-2030 (US$M)

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