Middle East & Africa Rolling Stock Market Size & Outlook
Middle East & Africa rolling stock market, 2018-2030 (US$M)
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MEA rolling stock market highlights
- The MEA rolling stock market generated a revenue of USD 8,168.3 million in 2023.
- The market is expected to grow at a CAGR of 7.1% 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.
MEA data book summary
| Market revenue in 2023 | USD 8,168.3 million |
| Market revenue in 2030 | USD 13,231.5 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Locomotive |
| 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, MEA region accounted for 12.7% 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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Middle East & Africa 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 46.87% in 2023. Horizon Databook has segmented the Middle East & Africa rolling stock market based on locomotive, rapid transit vehicle, wagons covering the revenue growth of each sub-segment from 2018 to 2030.
The oil & gas industry happens to be the largest user of rolling stock in the Middle East. Tank wagons are the most-commonly used rail vehicles in the oil & gas industry for hauling oil. Reliability, safety, and cost-efficiency, are some of the benefits that would encourage the region to adopt the rolling stock for transportation of goods.
Demand for electric locomotive and locomotives fitted with turbochargers is expected to grow significantly as a result of the rising demand for energy-efficient rail vehicles. Automation of railway systems and convergence of different technologies to achieve the automation would also gain traction over the forecast period.
Although several industrial development projects are underway in the Middle East, the demand for rolling stock will increase as these projects are accomplished and start shipping goods. Most of the demand is expected to emerge from the UAE, Saudi Arabia, and Egypt.
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Our clientele includes a mix of rolling stock market companies, investment firms, advisory firms & academic institutions.
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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 Middle East & Africa rolling stock market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa rolling stock market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Rolling Stock Market Outlook Share, 2023 & 2030 (US$M)
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