Nordics Rolling Stocks Market By Type, By Locomotive Technology, By End Use Type and Country

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Nordics Rolling Stocks Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Locomotive, Metro, Monorail, Trams, Fright Wagon, Passenger Coaches, Others), By Locomotive Technology (Conventional, Turbocharged, Maglev), By End Use Type (Passenger Transit, Cargo Train) and Country

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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 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.

Key Development

In January 2022, Alstom SA developed a battery train and started trial of passenger operation in Germany in collaboration with Deutsche Bahn.

Nordics Rolling Stocks Market Dynamics

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.

Nordics Rolling Stocks Market Segmentation Analysis

Report Benchmarks

Details

Market Size in 2023

US$ 2,568.9 million

By Type

  • Locomotive,
  • Metro,
  • Monorail,
  • Trams,
  • Fright Wagon,
  • Passenger Coaches,
  • Others

By Technology

  • Conventional,
  • Turbocharged,
  • Maglev

By End User

  • Passenger Transit,
  • Cargo Train

Key Features of the Report

  • The nordics rolling stocks market provides granular level information about the market size, regional market share, historic market (2019 to 2023) and forecast (2024 to 2030)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startups details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis

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Frequently Asked Questions

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, 2024-2030  (Revenue, USD Mn ) 
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 ) 
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 ) 
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 ) 
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 ) 
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 ) 
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 ) 
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

  • 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

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