Latin America Rolling Stock Market Size & Outlook
Latin America rolling stock market, 2018-2030 (US$M)
Related Markets
Latin America rolling stock market highlights
- The Latin America rolling stock market generated a revenue of USD 5,797.5 million in 2023.
- The market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, locomotive was the largest revenue generating product in 2023.
- Locomotive 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 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 5,797.5 million |
| Market revenue in 2030 | USD 8,962.6 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Locomotive |
| Fastest growing segment | Locomotive |
| 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, Latin America region accounted for 9.0% 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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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.
Locomotive was the largest segment with a revenue share of 37.7% in 2023. Horizon Databook has segmented the Latin America rolling stock market based on locomotive, rapid transit vehicle, wagons covering the revenue growth of each sub-segment from 2018 to 2030.
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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Our clientele includes a mix of rolling stock market companies, investment firms, advisory firms & academic institutions.
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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 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America rolling stock market size, by country, 2018-2030 (US$M)
Latin America Rolling Stock Market Outlook Share, 2023 & 2030 (US$M)
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