The global rolling stock market size was valued at USD 53.57 billion in 2025 and is projected to grow from USD 55.24 billion in 2026 to USD 78.93 billion by 2034, exhibiting a CAGR of 4.56% during the forecast period. Asia Pacific dominated the rolling stock market, accounting for 46.18% market share in 2025. The industry growth is driven by urbanization, rail electrification investments, freight corridor expansion, public transport modernization, and sustainability-driven infrastructure funding initiatives.

Rolling stock is a term used to denote all vehicles that move on rail wheels, encompassing both unpowered and powered vehicles. It includes locomotives, passenger carriages, and wagons….