Latin America Rolling Stock Market Size & Outlook
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Latin America rolling stock market highlights
- The Latin America rolling stock market generated a revenue of USD 5,049.5 million in 2024.
- The market is expected to grow at a CAGR of 7% from 2025 to 2033.
- In terms of segment, wagons was the largest revenue generating product in 2024.
- Locomotives is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2033.
Latin America data book summary
| Market revenue in 2024 | USD 5,049.5 million |
| Market revenue in 2033 | USD 9,097.5 million |
| Growth rate | 7% (CAGR from 2025 to 2033) |
| Largest segment | Wagons |
| Fastest growing segment | Locomotives |
| 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, Latin America region accounted for 7.5% 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 |
Latin America 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.
Wagons was the largest segment with a revenue share of 40.81% in 2024. Horizon Databook has segmented the Latin America rolling stock market based on locomotives, rapid transit vehicle, wagons covering the revenue growth of each sub-segment from 2021 to 2033.
The South American rolling stock market is expected to grow at a modest rate. In addition, the Brazilian and Argentinian markets are projected to experience sluggish growth over the forecast period. Global rolling stock suppliers are trying to diversify their revenue mix b y capitalizing on growing regional markets, such as South America.
The Brazilian railway market is expected to develop dynamically over the next five years in line with the increasing demand to haul raw material, thereby encouraging railway companies to invest in capacity expansion.
Global leaders in railway passenger transport are trying to expand in Brazil. Besides, the national manufacturer Amsted-Maxion along with several notable overseas companies, such as Alstom, Bombardier, Knorr-Bremse, GE, and CAF, have established production facilities in Brazil to leverage the relatively lower labour costs.
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Target buyers of Latin America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America rolling stock market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America rolling stock market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Latin America rolling stock market size, by country, 2021-2033 (US$M)
Latin America Rolling Stock Market Outlook Share, 2024 & 2033 (US$M)
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