The world’s top 10 largest rolling stock companies – also known as railway train manufacturers – is an essential part of the global railway transportation industry around the world in terms providing wheeled vehicles on rails to transfer passengers and goods. Railway transportation is not only faster than shipping and road transport, but also cheaper than air transportation, therefore plays an important role in economic growth by facilitating passenger travel, logistics and trading around the world. As the rising demand for new railway lines and high-speed railway projects in the global market, coupled with increasing awareness for energy efficient transport, the global rolling stock market is expected to remain a strong growth through 2020, while the top 10 largest rolling stock companies are also projected to further increase their revenues over the near future.
This industry fact sheet is to assist industry professionals, investors, and people in general that are interested in gaining insights into the global railway and rolling stock industry including:
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The global rolling stock industry refers to the development, manufacturing and sale of all wheeled vehicles running on a railway track, such as locomotives, passenger trains and coaches and freight trains. According to the recent market report from Allied Market Research, the global rolling stock market size was valued at $60.4 billion in 2019, and is projected to reach at $73.8 billion by 2026, representing a steady CAGR of about 3% during the forecast period. Factors such as increase in government budget for development of railways, rise in demand for safe, fast and efficient transport, and rise in use of public transport services as a solution to minimize traffic congestions are driving the growth of the global rolling stock market.
The latest railway industry statistics show that the global railway network totalled over 1.3 million km worldwide in 2019. The United States has the largest railroad network in the world, closely followed by Russia, China, India, Canada, Germany, France and Japan. Due to the various of benefits such as cost-effectiveness, fast speed, and reliability etc, the global railway transport industry is growing, driving the demand of rolling stock industry to grow over the recent decades. Such growing momentum is expected to continue over the next few years, as both passengers and freight transportation on railway are soaring.
Geographically, rolling stock markets in Western European and North American remain as some of the world’s largest, mainly due to the well-established railway infrastructures in the region. However, emerging economies such as India, Brazil, China, and Iran are expected to become most lucrative markets for global rolling stock market over the next few years, driven by the rapidly expanding industries and government initiatives aimed at developing advanced railway transport systems in these countries.
2019 Revenue ($ Billion)
Stadler Rail AG
The Greenbrier Co
Trinity Rail Group
Hitachi Rail Systems
CRRC is a Chinese state-owned railway vehicle manufacturer headquartered in Beijing. It is the world’s largest train manufacturer and the top rolling stock company by revenue. Its main business is manufacturing and selling railway locomotives, EMUs, urban rail transit vehicles etc. Other businesses that CRRC engages include engineering machinery, various mechanical and electrical equipment, electronic equipment and parts, electronic appliances and environmental protection equipment products, industrial investment and management and asset management. CRRC is also a world’s leader in new railway vehicle segments such as high-speed trains, metro cars, electric locomotives, and diesel locomotives.
Bombardier is one of the world’s leading manufacturers in transportation industry, offering wide range of airplanes and trains. Its rolling stock segment mainly provides products like Locomotive, Diesel Multiple Unit (DMU), Single-deck EMU, Powerhead, Double-deck coach, and also offers train operations and maintenance services. Headquartered in Berlin, Germany, Bombardier Transportation employs around 36,050 people and its products and services operate in over 60 countries. As off 2019, Bombardier has over 100,000 train cars in service and 500 million daily passengers around the world.
Siemens Mobility, also known as Siemens Transportation Systems, is one of the world’s top 10 largest rolling stock companies. Headquartered in Munich, Germany, Siemens Mobility mainly offer products and services in railway industry, including rolling stock, rail services, rail automation, railway building information modelling, rail electrification and turnkey rail solutions. Siemens Mobility’s main rolling stock products include Locomotives, EMU and DMU, Passenger coaches, Light Rail/Trams, Metro/Subway, MAGLEV Trains etc.
Alstom SA is a France rail transport company and one of the largest rolling stock manufacturers in the world. Alstom’s best-known products including the AGV, TGV, Eurostar, Pendolino high-speed trains, metro trains, and Citadis trams. In February 2020, Alstom and Canada’s Bombardier announced to merge both their railway manufacturing units to increase its competitiveness the railroad signaling and high-speed train markets in Europe and across the world.
GE Transportation is another one of the world’s largest rolling stock companies based in Chicago, US. It is the largest producer of diesel-electric locomotives for both freight and passenger trains in North America. GE Transportation also produces related railway products, including railroad signalling equipment, locomotives components, railway train parts, as well as providing repair services for GE and other locomotives around the world.
Stadler Rail is a leading Swiss rolling stock manufacturer with business focus on providing regional train units and trams. Headquartered in Bussnang, Switzerlandis is one of the largest rolling stock companies in Europe. Its main products include high speed electric multiple unit train, articulated railcar, diesel railcar, tram, diesel-electric locomotive etc. Stadler has also built a number of custom railway vehicles in Europe.
The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is one of the leading manufacturers of railroad freight car equipment in North America and Europe. The company has railcars manufacturing plants in Brazil, North America and Europe, and deliver railcars for the Saudi Arabian market. It is also known as a leading provider of train wheel services, parts, leasing and other services to the railroad and related transportation industries in North America and a provider of railcar repair, refurbishment and retrofitting services in North America.
Trinity Industries, headquartered in Dallas, Texas, is a leading providers of rail transportation products and services in North America. The Trinity Rail provides railcar leasing and management services, as well as rolling stock manufacturing, maintenance and modifications. Trinity also owns businesses engaged in the manufacture of products used on the nation’s roadways and in traffic control, as well as logistical and transportation businesses that provide support services to a variety of industrial manufacturers.
Hyundai Rotem is a South Korean rolling stock manufacturing company. It is part of the Hyundai Motor Group. Hyundai Rotem’s main product portfolio include Korail’s KTX high speed trains, Electric multiple units, and Electric locomotives. Other main profiles include supplying all of Seoul Metro, Seoul Metropolitan Rapid Transit, Busan Metro Lines, and Shinbundang Line’s Electric multiple units. Hyundai Rotem is also the rolling stock supplier for Hong Kong MTR, New Delhi Metro, and automated trains for the Canada Line in Vancouver.
Hitachi Rail System is a Japanese rolling stock company that has a presence in 27 countries, across 11 manufacturing sites on three continents and some 12,400 full time employees. It is best known as the supplier of Japan’s Shinkansen ‘Bullet Train’ vehicles, its other main products include metro trains, commuter trains, and high-speed trains. Hitachi Rail Systems is also a global provider of rail solutions across rolling stock, signalling services and turnkey.
More and more world’s largest rolling stock companies and train manufacturers are nowadays focusing on developing new trains with energy-saving and automation features, which has become of the major rolling stock market trends over the recent years. Many newly introduced trains consume less energy because of their better acceleration, traction, and braking system, resulting in the reduction of energy consumption by around 30% based on the degree of automation. Moreover, many digital and automation equipment adopted on trains can also provide better safety and higher flexibility to coordinate for both passenger and freight transportation, which will further contribute to the growth of the global rolling stock market in the near future.
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