Rolling Stock Market Top Key Players - Hitachi Rail Europe, Stadler Rail, Alstom SA, Bombardier Transportation, Siemens Mobility, China Railway Rolling Stock Corporation (CRRC Qingdao Sifang), Bombardier Sifang (Qingdao) Transportation Ltd., Greenbrier Co

The global rolling stock market is estimated at $ XX billion in 2020, and will grow by XX% CAGR by 2026. China's rail technology market is valued at € 37 billion and is expected to grow by XX% annually until 2026, while the spare parts market is growing at a CAGR of XX%. China's National Railways (CR) recorded a total of 2.166 billion passenger trips in 2020, down 39.4% from 3.578 billion in 2019 due to the Covid19 pandemic.

The rolling stock market in Europe is estimated at 18.5 billion euros in 2020, or ~ 35% of the global market. The Community of European Railway and Infrastructure Enterprises (CER) reported that total revenues of the European Union (EU) rail sector were estimated to have decreased by about 26 billion euros in 2020 due to the Covid19 pandemic, and passenger operators by 24 euros a billion of that number.

Request For Sample@ https://bit.ly/3A7ShG4

ROLLING STOCK MARKET DYNAMICS

• Indian Railways provides about 3% of the country's gross domestic product (GDP) and has a social commitment of $ 5.3 billion annually. This is one of the few state-owned enterprises that incur losses year after year. Railways around the world, as well as in the United States, Europe and Japan, have undergone a change of ownership. But Indian Railways are still controlled by the government.

• Indian Railways plans to export its wagons to the global rolling stock market with a turnover of $ 180 billion, which will be the main driver of growth in the Indian rolling stock market. Production of new buses in India has already seen growth with record high capital expenditure of ~ $ 900 million in the 201920 fiscal budget, surging from just ~ $ 500 million in the 2018-2019 fiscal year.

• At the same time, Chinese producers are increasingly focusing on foreign markets. partly due to weakening domestic demand. For example, in recent years, major state-owned enterprises CRRC, China Railway Engineering Corporation (CREC) and China Railway Construction Corporation (CRCC) have been able to receive orders in almost all regions of the world.

RECENT DEVELOPMENTS IN ROLLING STOCK MARKET IN CHINA

• May 2021 - China began construction of a test line in China's Shanxi Province to support magnetic suspension trains up to 1000 km / h. The magnetic suspension project is being carried out by the Northern University of China and the Third Research Institute of China Aerospace Science and Industry Corporation.

• May 2021 - At China Brand Expo, CRRC presented its 600 km / h magnetic high-speed train, international interconnected high-speed electric trains at 400 km / h and intelligent train windows.

• January 2021 - Bombardier Sifang (Qingdao) Transportation Ltd and China State Railway Group Co., Ltd. (CHINA RAILWAY) for the maintenance of 280 fast carriages (32 trains) manufactured by BST for China. an expanding high-speed rail network.

RECENT DEVELOPMENTS IN ROLLING STOCK MARKET IN NORTH AMERICA

• June 2021 - WABTEC and General Motors (GM) intend to collaborate in the development and commercialization of GM Ultium battery technology and the Hydrotec hydrogen fuel cell system for Wabtec locomotives.

• June 2021 - Washington Public Transportation Authority (Metro) in the United States introduced SmarTrip to Google Pay to simplify the payment process for Metro and all regional transportation service providers.

• March 2021 - Alstom receives a pre-order from Meters, the Chicago suburban rail system serving the City of Chicago and its suburbs, for the supply of 200 two-stroke commuter vehicles. Initial order for 200 wagons is estimated at approximately $ 550 million.

• March 2021 - The Washington Metropolitan District Transit Authority has awarded Hitachi Rail with the delivery of next-generation trains to the 165-kilometer, six-track subway network in the capital.

COMPANY PROFILES
• Hitachi Rail Europe
• Stadler Rail
• Alstom SA
• Bombardier Transportation
• Siemens Mobility
• China Railway Rolling Stock Corporation (CRRC Qingdao Sifang)
• Bombardier Sifang (Qingdao) Transportation Ltd.
• Greenbrier Companies
• Talgo
• Wabtec
• General Electric Transportation
• Indian Coach Factory ( Indian Railways)
• Modern Coach Factory ( Indian Railways)
• Rail Coach Factory(Indian Railways)
• BEML

Read More Information: https://mobilityforesights.com/product/global-rolling-stock-market/

Contact:
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment. We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

This release was published on openPR.