- In February 2024, Siemens Mobility launched a new leasing business, Smart Train Lease (STL), offering flexible, short-term rentals of its Mireo Smart trains across Europe. The leasing service includes battery, hydrogen, and electric versions of the multiple-unit trains, allowing operators to quickly scale up and meet dynamic transportation needs in different regions
- In March 2023, The Indian Central Railways (CR) announced plans to construct six new suburban railway stations in Mumbai, expanding the city’s local train network. This initiative aims to improve accessibility, ease overcrowding, and reduce congestion in Mumbai’s extensive suburban rail system. The total number of CR stations in Mumbai will increase to 86
- In February 2023, Stadler Rail AG partnered with ASPIRE Engineering Research Centre and Utah State University to develop a battery-powered passenger train based on the FLIRT Akku concept. This collaboration focuses on creating innovative, environmentally friendly transport solutions, marking a significant step toward sustainable rail systems that rely on clean energy sources such as batteries
- In January 2023, Siemens Mobility secured its largest-ever locomotive order from Indian Railways, receiving a purchase order for 1,200 locomotives, each with 9,000 HP. This significant order demonstrates Siemens’ commitment to strengthening India’s railway infrastructure and contributes to the country's modernization efforts, enhancing the capacity and efficiency of its vast rail network
- In March 2022, Saudi Arabia Railways (SAR) inaugurated the Al-Qurayyat passenger train station as part of its plan to introduce northbound passenger train services. This move is part of SAR’s broader strategy to expand its railway infrastructure, improving regional connectivity and providing more efficient transportation options for passengers traveling within northern Saudi Arabia
- In January 2022, Wabtec Corporation acquired MASU, a key player in the rail and automotive friction products sector. This strategic acquisition enables Wabtec to enhance its brake product portfolio and strengthen its presence in the rail industry. The move is expected to accelerate growth, expand its installed base, and improve the performance of rail-related technologies
- In May 2021, France’s SNCF, in partnership with Railenium, Thales, Spirops, Bosch, and Alstom, began testing a new autonomous regional train prototype. The customized Regio 2N train is being tested for integration into France’s rail network, marking a significant step towards autonomous transportation systems, promising improved efficiency, and sustainable operations for regional trains
Frequently Asked Questions
The market is segmented based on Segmentation, By Product (Locomotive, Rapid Transit Vehicle, and Wagon), Train Type (Rail Freight and Passenger Rail), Type (Diesel and Electric), Rail Management (Remote Diagnostic Management, Wayside Management, Train Management, Asset Management, Cab Advisory, and Others), Infrastructure Management (Control Room Management, Station Management, Automatic Fare Collection Management, and Others), Maintenance Service (Corrective Maintenance, Preventive Maintenance, and Predictive Maintenance), Application (Station, Automatic Fare Collection, and Others) - Industry Trends and Forecast to 2032
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The Global Rolling Stock Management Market size was valued at USD 53.74 USD Billion in 2024.
The Global Rolling Stock Management Market is projected to grow at a CAGR of 4.66% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
