Rolling Stock Market in North America by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR45949
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The rolling stock market size in North America has the potential to grow by USD 2.29 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.48%. 

This report provides a detailed analysis of the market by product (rapid transit vehicles, railroad cars, and locomotives), geography (US, Canada, and Mexico), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Alstom Holdings SA
  • Bombardier Inc.
  • Brookville Equipment Corp.
  • FreightCar America Inc.
  • Hitachi Ltd.
  • National Steel Car Ltd.
  • Stadler Rail AG
  • The Greenbrier Companies Inc.
  • Trinity Industries Inc.
  • Wabtec Corp.

 

The rolling stock market in North America is fragmented and the vendors are deploying growth strategies such as investing in new vehicle technologies and materials to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as support from the US federal government to achieve growth opportunities. However, factors such as frequent delays and shutdowns/contractions in the US market will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the rolling stock market forecast in North America report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies, 

This rolling stock market analysis in North America report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities. 

Rolling Stock Market in North America: Key Drivers and Trends

 

  • To meet the robust demand for convenience and mobility, the federal government in the US is promoting safe, affordable, and environmental-friendly freight transportation.
  • The US government has also made huge investments to deliver agile and seamless transportation services. 
  • The rapid increase in the freight shipment will promote the growth of railroads, thereby spurring the growth of the rolling stock market in North America.
  • Innovation in locomotive manufacturing is a key rolling stock market trend in North America.
  • The vendors in the market are investing heavily in R&D to enhance the kinetic energy recovery system.
  • Vendors are further focusing on building environmental-friendly locomotive engines to reduce pollution levels. 

 

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Rolling Stock Market in North America: Segmentation by Geography

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45% of the market’s growth will originate from US during the forecast period. The US is one of the key markets for the rolling stock market in North America. Market growth in the country will be faster than the growth of the market in Canada.

The emerging market for the high-speed train network is one of the prime factors that will facilitate the rolling stock market in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Rolling Stock Market in North America: Segmentation by Product

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The rapid transit vehicles are usually electric and are used for local transit in urban cities across North America. An increase in ridership, growth in government and private investments and funding, and the growing infrastructural developments are driving the expansion in the rolling stock of rapid transit vehicles in North America. Hence, the rapid transit vehicles segment is expected to exhibit a fast growth rate during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the rolling stock market size in North America. Fetch actionable market insights on the post-COVID-19 impact on each segment.   

 

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Rolling Stock Market in North America: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive rolling stock market growth in North America during the next five years
  • Precise estimation of the rolling stock market size in North America and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the rolling stock industry across the US, Canada, and Mexico
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of rolling stock vendors in North America

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The rolling stock market growth will increase by $2294.01 million during 2020-2025.
The rolling stock market is expected to grow at a CAGR of 5.48% during 2020-2025.
Technavio has segmented the rolling stock market by product (Rapid transit vehicles, Railroad cars, and Locomotives) and geographic (US, Canada, and Mexico).
Alstom Holdings SA, Bombardier Inc., Brookville Equipment Corp., FreightCar America Inc., Hitachi Ltd., National Steel Car Ltd., Stadler Rail AG, The Greenbrier Companies Inc., Trinity Industries Inc., Wabtec Corp. are a few of the key vendors in the rolling stock market.
US will register the highest growth rate of 44.54% among the other regions. Therefore, the rolling stock market in US is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the rolling stock market growth are:
  • Increased demand for freight wagons
The rolling stock market vendors should focus on grabbing business opportunities from the rapid transit vehicles segment as it accounted for the largest market share in the base year.
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