Rolling Stock & Rail | Morgan Ryder

Rolling Stock & Rail

In 2024, the global rail manufacturing industry is valued at approximately €201.8 billion (around $215 billion), with the largest segments being services, rolling stock and infrastructure. This growth is driven by increased investment in urbanisation, sustainability and digitalisation in rail systems worldwide. Leading markets like Western Europe have particularly high demand for electric rolling stock and light rail solutions, contributing to recent market expansion and resilience post-pandemic.

Looking forward, the global rail manufacturing market is projected to reach around €240.8 billion by 2032, reflecting an estimated annual growth rate of 3% from the late 2020s. Growth will continue to be fueled by increased investment in sustainable rail technologies and infrastructure enhancements, along with the expansion of rail systems in urban and regional areas.

Currently, the rail manufacturing industry employs millions worldwide, though precise figures can vary by region and scope. For example, the European rail supply industry alone represents over 400,000 jobs. However, industry-specific global employment data and vacancy statistics are less readily available, as they fluctuate with ongoing projects and regional hiring needs.

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