Summary:
Railways Rolling Stock market of India is expected to reach INR XX-XX crores (USD XX-XX Billion) cumulatively in the upcoming years 2025-2030. This surge in industry is expected to escalate due to budget allocations by the Government and dedicated projects that will contribute in expanding India’s growth capabilities over the years.
Markets Covered:
● Locomotives
● Coaches
● Wagons
● EMU
● Vande Bharat
● Vande Metro
● Amrit Bharat
● HSR
● Suburban railway
Projects such as Vande Bharat trainsets, HSR project, Vande metro projects, Amrit Bharat Trainsets projects, etc are the potential projects which are driving industry potential.
These developments have simultaneously contributed to the market’s outlook, resulting in numerous potential suppliers who have sharpened their capabilities to deliver latest trainsets for Indian projects.
Policies such as PLI Scheme, Viksit Bharat 2047 and many more moreover, initiatives like Vande Metro, Amrit Bharat, Vande Bharat coaches are shaping future landscape of the industry. Further these projects have initiated good opportunities for the market players which have driven growth & innovation in the sector. The growing market presents suppliers with a worthwhile opportunity to start and grow their manufacturing capabilities in the industry.
| Contents | |
|---|---|
| ● List of Abbreviations used in the Report | ● Executive Summary |
| ● Key takeaways for the Rolling stock market | ● Research Methodology |
| Rail Market | |
| ● Railway Industry Overview | ● Budget 2025 |
| ● Market Dynamics | ● Key Trends |
| ● PEST Analysis | |
| Rolling Stock types | |
| ● Rolling Stock in India | ● Locomotives |
| ● Coaches | ● Wagons |
| ● EMU | ● Vande Bharata |
| ● Upgradation of Rolling Stock | ● Amrit Bharat |
| ● Vande Metro | ● High Speed |
| Key Insights | |
| ● Policies & Programmes | ● Mergers, Acquisitions and Partnerships |
| ● Porter’s Five Forces Analysis | ● Technological Developments |
| Market Analysis | |
| ● Railway Market in India | ● Locomotives Assessment |
| ● LHB Assessment | ● EMU Assessment |
| ● Amrit Bharat Assessment (2025-2030) | ● Vande Metro Assessment (2025-2030) |
| ● Wagon Assessment | ● Vande Bharat Assessment |
| ● High Speed Assessment | |
| Addressable Assessment | |
| ● Future Market – Details | ● Pricing- Expected |
| ● Annual Addressable Market | ● Total Addressable Assessment |
| Industry Insights | |
| ● Disruptive innovation in the Industry | ● Growth strategy of leading players |
| ● New developments | ● Significant Contracts |
| ● Future Contracts Expected | |
| Supplier Overview | |
| ● Present Rolling Stock Major Suppliers- Profiles | |
| ○ Alstom Transport India | |
| ○ Banaras Locomotive Works (BLW) | |
| ○ Bharat Earth Movers Limited (BEML) | |
| ○ Bharat Heavy Electricals Limited (BHEL) | |
| ○ Braithwaite & Co. Limited | |
| ○ Bridge & Roof Co. (India) Limited | |
| ○ CG Power and Industrial Solutions Limited (CGL) | |
| ○ Chittaranjan Locomotive Works (CLW) | |
| ○ CRRC India Private Limited | |
| ○ Hindusthan Engineering & Industries Limited | |
| ○ Integral Coach Factory (ICF) | |
| ○ Jindal Rail Infrastructure Limited | |
| ○ Jupiter Wagons Limited | |
| ○ Kinet Railway Solutions Limited | |
| ○ Modern Coach Factory (MCF) | |
| ○ Modern Industries Limited | |
| ○ Medha Servo Drives | |
| ○ Om Besco Rail Products Limited | |
| ○ Oriental Foundry Private Limited | |
| ○ Rail Coach Factory (RCF) | |
| ○ Rail Vikas Nigam Limited (RVNL) | |
| ○ SAIL-Rites Bengal Wagon Industry Private Limited | |
| ○ Saini Heavy Electrical and Engineering Works Pvt. Ltd | |
| ○ Siemens India | |
| ○ Texmaco Rail & Engineering Limited | |
| ○ Titagarh Rail Systems Limited | |
| ○ Wabtec India | |
| Market Analysis | |
| ● Industry SWOT Analysis | ● Conclusion |
For this report, We have relied on varying inputs across the industry and the main challenge has been to find the most comprehensive insight to the rolling stock market in India.
The detailed methodology followed by us is:
| Insights based on Primary Research | ● We had in-depth discussions with a range of industry professionals from the rail and metro sectors in order to obtain a thorough grasp of the state of the market at the moment and the most recent changes to policy in India’s rolling stock market. Additionally, we identified the main trends that will likely influence the market’s future potential. |
|---|---|
| Secondary Desk based Research | ● The primary research was followed by desk-based research, utilizing both publicly available and verified secondary sources such as NRP 2030, policies and programmes of the Railways etc. The insights and intelligence were also derived from our daily news feeds and company database. |
| Additional Sources | ● Additional information was obtained from public documents, interviews, and project announcements. A significant number of press releases and tenders were also thoroughly analyzed. |
| Research Assumptions | ● This research and analysis aim to provide an understanding of sector-based opportunities in India, particularly focusing on various railway and metro sector policies and developments. ● The study primarily connects available insights from the public domain with perspectives from industry specialists and experts to garner deep insights. ● Our focus has been on the complete rolling stock itself, without delving into the component mix. ● The exchange rate calculated for 1 USD is 83.00 INR. ● The expected price increase for future contracts is due to inflation, rising labour prices, price variance clause and raw material costs. ● This report does not address aftermarket suppliers or maintenance contracts. |
FAQs:
Yes, we have covered all different types of rail rolling stock used in the Indian market.
Yes, we have covered past production insights of rolling stock manufacturers in the Railway sector.
Yes, this report considered all active suppliers present for the manufacturing of rolling stock for the Indian Railways.
Yes, the report covers all recent JVs, consortiums, and acquisitions that happened in the Railways industry.
Under this report numerous potential tech developments are covered such as Real-Time Train Information System (RTIS), Automatic Block Signaling System, Digitalization of IoT, etc.
About us
We specialise in Market Research & Strategic Consulting for companies looking to diversify or expand their production for the Indian market. From assisting and understanding the market, developing a market strategy to establish their operations , together with strong local project partners, we are able to provide a complete insight into the Indian market