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Rolling Stock Market: Top Companies & their Recent Developments
Published Date: 15 May 2023

The Global Rolling Stock Market, which involves the manufacturing & maintenance of locomotives, wagons, and other railway vehicles, is a highly competitive industry, and is set to record around 4.13% CAGR during 2023-28. Various factors projected to drive the industry include the rapidly expanding railway routes worldwide, rising urbanization, growing traffic congestion levels, and the burgeoning demand for comfortable & shorter journeys. Additionally, various ongoing & upcoming railway projects, the increasing electrification of railway networks, and the replacement of old rolling stocks are further expected to spur growth in the market over the coming years. The leading companies that operate in this market and contribute to the development & innovation of rail transportation systems worldwide include the following.

  • CRRC Corporation Limited: As the largest rolling stock manufacturer in the world, CRRC Corporation Limited holds a significant market share. Headquartered in China, the company specializes in the production of electric locomotives, high-speed trains, subway cars, and more. With its extensive product portfolio and global reach, CRRC has established a strong presence in both domestic and international markets.
  • CRRC unveiled its next-generation carbon fiber metro train, which is lighter, more energy-efficient, and features improved passenger comfort.
  • The company developed an intelligent maintenance system that utilizes big data and artificial intelligence (AI) to optimize maintenance processes and enhance reliability.
  • Siemens Mobility: It offers an extensive range of rail vehicles, including regional & commuter trains, trams, high-speed trains, & metros and is known for its cutting-edge technology, with a strong focus on energy efficiency, digitalization, & automation in rail transport systems.
  • Siemens Mobility introduced the Velaro Novo, a high-speed train that sets new standards for energy efficiency and sustainability. It incorporates lightweight materials, regenerative braking systems, and intelligent energy management.
  • The company partnered with Ballard Power Systems to develop a hydrogen fuel cell-powered train, aiming to offer a clean alternative to diesel trains.
  • Alstom: The leader specializes in the production of locomotives, high-speed trains, metros, signaling solutions, & tramways and is recognized for its expertise in sustainable mobility, incorporating innovative features like eco-friendly materials & energy-efficient propulsion systems.
  • The company introduced the Coradia iLint, a zero-emission alternative to conventional diesel trains. It is the world's first hydrogen fuel cell-powered passenger train that emits only water vapor.
  • Alstom developed the Citadis X05 tram, which integrates innovative features like onboard energy storage systems as well as wireless charging capabilities.
  • Bombardier Transportation: The company offers a comprehensive portfolio of products, including high-speed trains, commuter and regional trains, light rail vehicles, and automated people movers. Bombardier is known for its advanced technologies, such as its INNOVIA monorail systems and the FLEXITY family of trams.
  • Bombardier unveiled its battery-operated train, the Talent 3, which eliminates the need for electrified tracks, reducing infrastructure costs and environmental impact.
  • The company introduced the Flexity tram platform with an innovative low-floor design, enhancing accessibility and passenger flow.
  • General Electric (GE) Transportation: A division of General Electric, the company manufactures locomotives and provides digital solutions for rail transportation. GE Transportation focuses on developing technologies to enhance the efficiency, reliability, and safety of rail operations.
  • GE Transportation developed the Trip Optimizer system, an intelligent software that optimizes train operations by analyzing data and making real-time adjustments, resulting in fuel savings and reduced emissions.
  • The company launched the Evolution Series Tier 4 locomotive, equipped with advanced emission control technologies to comply with stringent environmental regulations.
  • Kawasaki Heavy Industries: Based in Japan, Kawasaki Heavy Industries is a prominent manufacturer of rolling stock, including high-speed trains, metro cars, and electric multiple units (EMUs). The company is renowned for its engineering expertise and commitment to quality and reliability.
  • Kawasaki Heavy Industries developed the Series 7000 rolling stock for New York City's MTA Subway, featuring modern amenities, improved energy efficiency, and enhanced passenger comfort.
  • The company collaborated with Hitachi Rail to develop a new high-speed train for the UK's West Coast Main Line, incorporating aerodynamic designs and energy-efficient propulsion systems.
  • Hyundai Rotem: The company offers a wide variety of high-speed trains, trams, electric trains, & light rail vehicles. It emphasizes technological advancements and aims to provide sustainable and eco-friendly transportation solutions.
  • Hyundai Rotem unveiled the Hydrogen Energy Train, a hydrogen fuel cell-powered train that produces zero emissions, contributing to clean and sustainable transportation.
  • The company introduced the N700S Shinkansen, a next-generation high-speed train in Japan, featuring improved safety features, energy efficiency, and passenger experience.
  • Stadler Rail: The company specializes in the production of light rail vehicles, regional trains, & locomotives and is recognized for its innovative designs, customizable solutions, & high-quality manufacturing standards. Stadler Rail has a strong presence in Europe and has expanded its operations globally.
  • Stadler Rail developed the FLIRT Akku, a battery-operated train that enables non-electrified rail lines to be served by emission-free and noise-reduced trains.
  • The company introduced the Eurodual locomotive, a dual-mode locomotive capable of operating on both electrified and non-electrified tracks, providing greater flexibility and efficiency.

These are the key organizations among all the participants in the industry. Each company has unique strengths, technological advancements, and a commitment to improving rail transportation systems worldwide. With growing investments in infrastructure development and the mounting demand for sustainable mobility, the rolling stock market is set to witness further advancements & fierce competition among these players over the coming years.

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