Rolling stock - global market value 2020-2025

The rolling stock market was estimated to be worth just under 51.6 billion U.S. dollars in 2020, with Asia-Oceania accounting for the largest share.

Rolling stock market in Asia-Pacific

Among the largest and fastest-growing countries within the Asia-Pacific region for rolling stock are India and China, with Indian Railways and CRRC ranked as key market players for this region. Reasons contributing to expansion in countries such as India include a growing population and a considerable number of migrant workers who rely on rail as a means of commuting. Back in 2020, there were approximately 285 million migrant workers in China.

Driving innovation in the sector

One of the world’s leading rolling stock manufacturers, CRRC, reported investments of over 12 billion Chinese yuan in its research and development activity in the 2019 financial year. As the company continues to develop and manufacture innovative technologies, such as electric and hybrid rail systems, CRRC has started to address concerns about sustainability and emissions while ensuring that it maintains a technological advantage over its competitors in the global market.