Nordics Rolling Stocks Market By Type, By Locomotive Technology, By End Use Type and Country
Nordics Rolling Stocks Market By Type, By Locomotive Technology, By End Use Type and Country
Nordics Rolling Stocks Market size was valued at US$ 2,568.9 million in 2023 and is poised to grow at a significant CAGR of 4.9% from 2024-2030. The market provides a detailed overview and that can be segmented by type, by locomotive technology, by end use type. By type, the market has been segmented into Locomotive, Metro, Monorail, Trams, Fright Wagon, Passenger Coaches, and Others. The locomotive segment is likely to be the largest and fastest-growing segment in terms of type. Based on locomotive technology the market is segmented into Conventional, Turbocharged, and Maglev. Among these, the conventional segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on end-use type, the market is segmented into Passenger Transit and Cargo Train. The passenger transit segment accounts for the largest share in 2021 according to Precision Business Insights.
In January 2022, Alstom SA developed a battery train and started trial of passenger operation in Germany in collaboration with Deutsche Bahn.
The growth of the global market can be attributed to the factors such as increasing urbanization, growth in traffic congestion, rising demand for a comfortable journey, and growing preference for shorter journey times.
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Report Benchmarks |
Details |
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Market Size in 2023 |
US$ 2,568.9 million |
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By Type |
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By Technology |
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By End User |
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Nordics rolling stocks market size was valued at US$ 2,568.9 million in 2023 and is poised to grow at a significant CAGR of 4.9% from 2024-2030.
The major players in the market are CRRC Corporation Limited, Alstom SA, Siemens AG, Wabtec Corporation, Kawasaki Heavy Industries, Ltd., Stadler Rail AG, CAF Group, Hyundai Rotem Company, Mitsubishi Heavy Industries Engineering, Ltd., Talgo, Transmashholding, Alstom, Bombardier Transportation, Construcciones Y Auxiliar De Ferrocarriles, S.A (CAF), CRRC Corporation Limited, Hitachi, Ltd., IHI Corporation, Kawasaki Heavy Industries, Ltd, Nippon Sharyo, Ltd, Pesa Bydgoszcz SA, PPF Group N.V., Stadler Rail AG, Talgo, Tatravagonka A.S. Poprad, The Greenbrier Companies, Inc., The Kinki Sharyo Co., Ltd., Transmashholding, Trinity Industries, Inc, Wabtec Corporation
Norway is the fastest-growing region for the market.
| 1. Executive Summary |
| 2. Nordics Rolling Stocks Market Introduction |
| 2.1. Nordics Rolling Stocks Market Taxonomy |
| 2.2. Nordics Rolling Stocks Market Definitions |
| 2.2.1. Type |
| 2.2.2. Locomotive Technology |
| 2.2.3. End Use Type |
| 2.2.4. Region |
| 3. Nordics Rolling Stocks Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Nordics Market Dynamic Factors - Impact Analysis |
| 3.6. Nordics Market Competition Landscape |
| 4. Nordics Rolling Stocks Market Analysis, 2019-2023 and Forecast, 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Nordics Rolling Stocks Market, By Type, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 5.1. Locomotive |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Metro |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Monorail |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Trams |
| 5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Fright Wagon |
| 5.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Passenger Coaches |
| 5.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Others |
| 5.7.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6. Nordics Rolling Stocks Market, By Locomotive Technology, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 6.1. Conventional |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Turbocharged |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Maglev |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Nordics Rolling Stocks Market, By End Use Type, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 7.1. Passenger Transit |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Cargo Train |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Nordics Rolling Stocks Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030Â (Revenue, USD Mn )Â |
| 8.1. Denmark |
| 8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Norway |
| 8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Sweden |
| 8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Finland |
| 8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Iceland |
| 8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Rest of Nordics |
| 8.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 8.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.6.3. Market Opportunity Analysis |
| 8.7. Nordics Rolling Stocks Market - Opportunity Analysis Index, By Type, By Locomotive Technology, By End Use Type, and Country, 2024-2030 |
| 9. Denmark Rolling Stocks Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )Â |
| 9.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Locomotive |
| 9.1.2. Metro |
| 9.1.3. Monorail |
| 9.1.4. Trams |
| 9.1.5. Fright Wagon |
| 9.1.6. Passenger Coaches |
| 9.1.7. Others |
| 9.2. By Locomotive Technology Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Conventional |
| 9.2.2. Turbocharged |
| 9.2.3. Maglev |
| 9.3. By End Use Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. Passenger Transit |
| 9.3.2. Cargo Train |
| 9.4. Denmark Rolling Stocks Market - Opportunity Analysis Index, By Type, By Locomotive Technology, and End Use Type, 2024-2030 |
| 9.5. Denmark Rolling Stocks Market Dynamics Trends |
| 10. Norway Rolling Stocks Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )Â |
| 10.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Locomotive |
| 10.1.2. Metro |
| 10.1.3. Monorail |
| 10.1.4. Trams |
| 10.1.5. Fright Wagon |
| 10.1.6. Passenger Coaches |
| 10.1.7. Others |
| 10.2. By Locomotive Technology Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Conventional |
| 10.2.2. Turbocharged |
| 10.2.3. Maglev |
| 10.3. By End Use Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. Passenger Transit |
| 10.3.2. Cargo Train |
| 10.4. Norway Rolling Stocks Market - Opportunity Analysis Index, By Type, By Locomotive Technology, and By End Use Type, 2024-2030 |
| 10.5. Norway Rolling Stocks Market Dynamics Trends |
| 11. Sweden Rolling Stocks Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )Â |
| 11.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Locomotive |
| 11.1.2. Metro |
| 11.1.3. Monorail |
| 11.1.4. Trams |
| 11.1.5. Fright Wagon |
| 11.1.6. Passenger Coaches |
| 11.1.7. Others |
| 11.2. By Locomotive Technology Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Conventional |
| 11.2.2. Turbocharged |
| 11.2.3. Maglev |
| 11.3. By End Use Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. Passenger Transit |
| 11.3.2. Cargo Train |
| 11.4. Sweden Rolling Stocks Market - Opportunity Analysis Index, By Type, By Locomotive Technology, and By End Use Type, 2024-2030 |
| 11.5. Sweden Rolling Stocks Market Dynamics Trends |
| 12. Finland Rolling Stocks Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )Â |
| 12.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Locomotive |
| 12.1.2. Metro |
| 12.1.3. Monorail |
| 12.1.4. Trams |
| 12.1.5. Fright Wagon |
| 12.1.6. Passenger Coaches |
| 12.1.7. Others |
| 12.2. By Locomotive Technology Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Conventional |
| 12.2.2. Turbocharged |
| 12.2.3. Maglev |
| 12.3. By End Use Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. Passenger Transit |
| 12.3.2. Cargo Train |
| 12.4. Finland Rolling Stocks Market - Opportunity Analysis Index, By Type, By Locomotive Technology, and By End Use Type, 2024-2030 |
| 12.5. Finland Rolling Stocks Market Dynamics Trends |
| 13. Iceland Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )Â |
| 13.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Locomotive |
| 13.1.2. Metro |
| 13.1.3. Monorail |
| 13.1.4. Trams |
| 13.1.5. Fright Wagon |
| 13.1.6. Passenger Coaches |
| 13.1.7. Others |
| 13.2. By Locomotive Technology Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Conventional |
| 13.2.2. Turbocharged |
| 13.2.3. Maglev |
| 13.3. By End Use Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1. Passenger Transit |
| 13.3.2. Cargo Train |
| 13.4. Iceland Rolling Stocks Market - Opportunity Analysis Index, By Type, By Locomotive Technology, and By End Use Type, 2024-2030 |
| 13.5. Iceland Rolling Stocks Market Dynamics Trends |
| 14. Rest of Nordics Rolling Stocks Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )Â |
| 14.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1. Locomotive |
| 14.1.2. Metro |
| 14.1.3. Monorail |
| 14.1.4. Trams |
| 14.1.5. Fright Wagon |
| 14.1.6. Passenger Coaches |
| 14.1.7. Others |
| 14.2. By Locomotive Technology Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1. Conventional |
| 14.2.2. Turbocharged |
| 14.2.3. Maglev |
| 14.3. By End Use Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1. Passenger Transit |
| 14.3.2. Cargo Train |
| 14.4. Rest of Nordics Rolling Stock Market - Opportunity Analysis Index, By Type, By Locomotive Technology, and By End Use Type, 2024-2030 |
| 14.5. Rest of Nordics Rolling Stock Market Dynamics Trends |
| 15. Competition Landscape |
| 15.1. Strategic Dashboard of Top Market Players |
| 15.2. Company Profiles (Introduction, Financial Analysis, Base Oil & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 15.2.1. CRRC Corporation Limited |
| 15.2.2. Alstom SA |
| 15.2.3. Siemens AG |
| 15.2.4. Wabtec Corporation |
| 15.2.5. Kawasaki Heavy Industries, Ltd. |
| 15.2.6. Stadler Rail AG |
| 15.2.7. CAF Group |
| 15.2.8. Hyundai Rotem Company |
| 15.2.9. Mitsubishi Heavy Industries Engineering, Ltd. |
| 15.2.10. Talgo |
| 15.2.11. Transmashholding |
| 15.2.12. Alstom, Bombardier Transportation |
| 15.2.13. Construcciones Y Auxiliar De Ferrocarriles |
| 15.2.14. S.A (CAF) |
| 15.2.15. CRRC Corporation Limited |
| 15.2.16. Hitachi, Ltd. |
| 15.2.17. IHI Corporation |
| 15.2.18. Kawasaki Heavy Industries, Ltd |
| 15.2.19. Nippon Sharyo, Ltd |
| 15.2.20. Pesa Bydgoszcz SA |
| 15.2.21. PPF Group N.V. |
| 15.2.22. Stadler Rail AG |
| 15.2.23. Talgo |
| 15.2.24. Tatravagonka A.S. Poprad |
| 15.2.25. The Greenbrier Companies, Inc. |
| 15.2.26. The Kinki Sharyo Co., Ltd. |
| 15.2.27. Transmashholding |
| 15.2.28. Trinity Industries, Inc |
| 15.2.29. Wabtec Corporation |
| 16. Research Methodology |
| 17. Key Assumptions and Acronyms |
Key Market Players
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