Rolling Stock Market Size, Growth, Analysis & Statistics by 2025

 

Globally, there has been a rapid increase in industrial activity. Industries need transportation networks to move raw materials and finished goods efficiently. Freight transportation by rail has proved to be more cost-effective and reliable compared to road transport. During 2019–2020, more than 1,210.46 million tons of freight was transported in India through the railways. Increased mining activity in emerging economies is also expected to positively impact the market for freight transportation, which, in turn, is expected to propel the growth of freight wagons and locomotives. 

 

The report analyzes all major players in the rolling stock market including CRRC (China), Siemens (Germany), Bombardier (Canada), Alstom (France), and General Electric Company (US).

 

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The locomotive segment is the fastest-growing market. Due to the rising concerns about transmission losses, component weight, and environmental concerns, rolling stock manufacturers are increasingly focusing on developing technologically advanced solutions. Due to increasingly stringent fuel efficiency norms in North America and Europe, the diesel engine features turbocharged technology which provides a 50% increase in engine power without additional increase in fuel cost as power is generated by the exhaust gas from the engine. The rolling stock industry is gradually shifting towards diesel-electric and electric locomotives

There has been a rapid increase in the number of technological advancements in the rolling stock market. The EMU segment is estimated to hold the largest market share, in terms of value, in 2020. This can be credited to the latest generation of EMUs, which are characterized by modular designs. Advanced electric multiple units are more efficient and favourable than diesel multiple units. The demand for EMUs is expected to increase significantly owing to the construction of new high-speed train lines in China and the demand for new vehicles in Russia, Japan, Brazil, and the US. Such innovations would spur the growth of this market.

The Asia Oceania rolling stock market is expected to be the largest, by value, in 2020. This can be mainly attributed to the demand for high-speed rail projects and dedicated freight corridors via rail transport systems in the region. The Asia Oceania region is the fastest-growing market due to increased production, domestic demand, and capacity expansions by rolling stock manufacturers. This increase in production helps cope with the rising demand for rail transportation and concerns related to fuel-efficiency norms and regulations. In addition to domestic markets, there is an increase in demand from international markets. In January 2020, CRRC received an overseas supply contract worth USD 55.5 from Portugal to supply 18 new light rails with a maintenance period of five years. Thus, demand in the Asia Oceania region is on the rise.

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Recent Developments:

• In December 2020, Alstom and ASELSAN entered into a collaboration agreement to establish a framework of cooperation and coordination in the field of ETCS Signaling Onboard.
• In December 2020, Alstom successfully conducted the first test run for the Mostaganem tramway project. During this phase, Alstom’s tramways have run from the secondary storage park T2 section to SNTF station, approximately 2 km
• In Sept 2020, Stadler presented its new rail vehicles equipped with European train control systems to be operational by 2021.
• In March 2020, Stadler won a contract to supply 1,500 Metro cars to Berlin Verkehrsbetriebe. The agreement is worth USD 3.2 billion which also includes the provision of spare parts.
• In December 2019, Bombardier received the official Paris Transport Administration (RATP) order confirming that the Bombardier-Alstom consortium has been awarded the contract to design and produce the new generation of metros for Île-de-France Mobilities and RATP.
• In November 2019, CAF Signaling continues to broaden operations in foreign markets having won the contract for the Ferrocarril Central project in Uruguay. The entire contract is worth approximately USD 56 million
• In October 2019, Siemens Mobility showcased the latest in intelligent traffic systems technology at the ITS World Congress which took place in Singapore.
• In May 2020, CRRC acquired locomotive manufacturer Vossloh Group in Europe. The deal came into effect on 31st May 2020
• In July 2019, CRRC Zhuzhou Institute Co., Ltd., a part of CRRC Corporation Limited, released the fully self-owned communication-based train control (CBTC) signalling system tSafer-UC1000
• In Feb 2019, GE announced the completion of its merger with Wabtec for USD 2.9 million in cash and Wabtec nonvoting convertible preferred stock.
  In December 2017, Chargepoint introduced Vallet view, a feature to see real-time charging status.