North America Rolling Stock Market Size & Outlook
North America rolling stock market, 2018-2030 (US$M)
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North America rolling stock market highlights
- The North America rolling stock market generated a revenue of USD 8,877.3 million in 2023.
- The market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, wagons 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 8,877.3 million |
| Market revenue in 2030 | USD 11,705.3 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Wagons |
| 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, North America region accounted for 13.8% 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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North 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 60.73% in 2023. Horizon Databook has segmented the North America rolling stock market based on locomotive, rapid transit vehicle, wagons covering the revenue growth of each sub-segment from 2018 to 2030.
North America is expected to experience significant growth over the forecast period. The region is home to several market incumbents aggressively developing and implementing trams and high-speed trains. Adoption of turbocharged vehicles and implementation of regenerative braking systems is rising in line with the growing demand for energy efficient systems.
In 2014, market leaders, such as CRRC Corporation Limited, Bombardier Transportation, Trinity Rail, Alstom Transport, and GE Transportation, among others, started manufacturing rail vehicles customized to the end use requirement.
In Canada, rail vehicles are rising in line with the growing demand for economical transportation. Canadian operators are trying to overcome challenges, such as lower population density and inaccessible remote locations, by implementing high speed trains.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America rolling stock market , including forecasts for subscribers. This continent databook contains high-level insights into North America rolling stock market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America rolling stock market size, by country, 2018-2030 (US$M)
North America Rolling Stock Market Outlook Share, 2023 & 2030 (US$M)
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