Singapore Rolling stock Market (2025-2031) | Forecast, Companies, Size, Growth, Industry, Outlook, Analysis, Trends, Revenue, Share, Value

Topics Covered in the Singapore Rolling Stock Market

Singapore Rolling Stock Market report thoroughly covers the market by product, by end-use, and by type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Singapore Rolling Stock Market Synopsis

Singapore Rolling Stock Market is expected to register growth over the forecast period owing to booming population, increased government initiatives, and private investments. Additionally, growing tourism industry is likely to propel the Singapore Rolling Stock Market Growth in the future years.

According to 6Wresearch, the Singapore Rolling Stock Market size is expected to grow steadily at a CAGR of 18.2% during the forecast period of 2025-2031. The population of Singapore has been steadily increasing over past few years resulting in rising need for efficient public transport services which in turn will drive demand for rolling stocks across nation. Another driver is the growing awareness of the benefits of rail transport over road transport. Rail transport is more environmentally friendly and energy-efficient than road transport, and can ease traffic congestion and reduce travel costs. These advantages have prompted a shift towards rail transport, leading to an increase in demand for rolling stock. However, one of the key challenges facing Singapore rolling stock market is the shortage of skilled workers. The sector requires engineers, technicians, and other professionals with specialised knowledge and experience in the rail transport industry. The government has acknowledged this challenge and has taken steps to attract more talent to the sector, such as offering scholarships and training programs. Another challenge is the high cost of rolling stock, which can be a barrier to entry for smaller players. Procuring new trains or upgrading existing ones can require a significant investment, which may not be feasible for some operators. Nevertheless, one opportunity to tackle this challenge is to encourage the adoption of innovative financing models, such as public-private partnerships or leasing arrangements.

Government policies and schemes introduced in the Singapore Rolling Stock Market

Singapore has introduced several policies and schemes to promote the development of its rolling stock industry further. The Singapore Rail Academy introduced the Green Transport Fund scheme to provide financial support to firms and individuals looking to improve sustainability measures in transportation, specifically rail. In other words, the scheme aims to encourage switching to cleaner, greener, and more sustainable forms of transportation. Moreover, the Local Enterprise and Association Development (LEAD) scheme provides grants to various businesses to help pay for productivity improvement projects. The scheme aims to help businesses increase their productivity and become more competitive in the global marketplace. Further, the Land Transport Authority (LTA) started the SMEs Go Digital programme aims to help Small and Medium-sized Enterprises (SMEs) develop the technological capabilities to support their business.

Key players in the Singapore Rolling Stock Market

Some of the key players in the Singapore Rolling Stock Industry include SMRT Corporation Ltd, SBS Transit, Land Transport Authority (LTA), and Bombardier Transportation. SMRT Corporation Ltd manages Singapore's first and largest Mass Rapid Transit System (MRT). SBS Transit operates bus and rail services around the country. LTA is responsible for all the planning, operations, and maintenance of Singapore's transportation network.

Market by Product

According to Parth, Senior Research Analyst, 6Wresearch, the metro is the fastest growing as Singapore relies on a well-established rail network for its transportation needs.

Market by End-Use

By End-Use, Passenger transit is the largest and fastest-growing segment due to the increasing number of commuters in Singapore. The government is also promoting the use of public transportation to reduce traffic congestion, and this has contributed to the growth of the passenger transit segment.

Market by Type

By Type, the Electric-powered rolling stocks are dominating the Singapore Rolling Stock Market Share due to their environmental and economic benefits. Electric rolling stocks emit less carbon dioxide and other pollutants, making them an eco-friendlier option compared to diesel-powered ones.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Singapore Rolling stock Market Outlook
• Market Size of Singapore Rolling stock Market, 2024
• Forecast of Singapore Rolling stock Market, 2031
• Historical Data and Forecast of Singapore Rolling stock Revenues & Volume for the Period 2021-2031
• Singapore Rolling stock Market Trend Evolution
• Singapore Rolling stock Market Drivers and Challenges
• Singapore Rolling stock Price Trends
• Singapore Rolling stock Porter's Five Forces
• Singapore Rolling stock Industry Life Cycle
• Historical Data and Forecast of Singapore Rolling stock Market Revenues & Volume By Product for the Period 2021-2031
• Historical Data and Forecast of Singapore Rolling stock Market Revenues & Volume By Locomotive for the Period 2021-2031
• Historical Data and Forecast of Singapore Rolling stock Market Revenues & Volume By Metro for the Period 2021-2031
• Historical Data and Forecast of Singapore Rolling stock Market Revenues & Volume By Monorail for the Period 2021-2031
• Historical Data and Forecast of Singapore Rolling stock Market Revenues & Volume By Tram for the Period 2021-2031
• Historical Data and Forecast of Singapore Rolling stock Market Revenues & Volume By Freight Wagons for the Period 2021-2031
• Historical Data and Forecast of Singapore Rolling stock Market Revenues & Volume By Passenger Coaches for the Period 2021-2031
• Historical Data and Forecast of Singapore Rolling stock Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of Singapore Rolling stock Market Revenues & Volume By End Use for the Period 2021-2031
• Historical Data and Forecast of Singapore Rolling stock Market Revenues & Volume By Passenger Transit for the Period 2021-2031
• Historical Data and Forecast of Singapore Rolling stock Market Revenues & Volume By Cargo Train for the Period 2021-2031
• Historical Data and Forecast of Singapore Rolling stock Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of Singapore Rolling stock Market Revenues & Volume By Diesel for the Period 2021-2031
• Historical Data and Forecast of Singapore Rolling stock Market Revenues & Volume By Electric for the Period 2021-2031
• Singapore Rolling stock Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By End Use
• Market Opportunity Assessment By Type
• Singapore Rolling stock Top Companies Market Share
• Singapore Rolling stock Competitive Benchmarking By Technical and Operational Parameters
• Singapore Rolling stock Company Profiles
• Singapore Rolling stock Key Strategic Recommendations

Market Scope and Segmentation

Thereportprovides a detailed analysis of the following market segments:

By Product

• Locomotive
• Metro
• Monorail
• Tram
• Freight Wagons
• Passenger Coaches
• Others

By End Use

• Passenger Transit
• Cargo Train

By Type

• Diesel
• Electric