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Europe holds a significant share of the rolling stock industry owing to the extensive rail network in the region. The rising deployment of rail transport for passenger transit in the region owing to stringent emission regulations is propelling the market growth. Moreover, the deployment of advanced rolling stocks in the region is fuelling the industry growth. For instance, Germany, in September 2018, launched the world’s first hydrogen-powered train, developed by Alstom. Meanwhile, the Asia Pacific region witnessing robust growth due to the increasing investments in rail networks in the region by the government. For example, the Ministry of Transport of China announced an investment of CNY 800 billion in its railway projects. In addition, the expansion of urban rail transportation networks owing to rapid population growth is anticipated to augment the growth of the rolling stock industry in upcoming years.
Alstom (EPA: ALO), one of the leading companies in the market, announced in September 2021 that it had signed a €300 million contract with the Victoria’s Department of Transport (DoT). The company is expected to supply 25 six-car X’trapolis trains for Melbourne’s suburban rail network. Under the contract, the company is also projected to engineer and design a rolling stock solution that is compatible with the existing rail infrastructure of Melbourne. X’trapolis is estimated to expand network capacity cost and energy-efficiently. The rolling stock is projected to be manufactured in Australia, which would aid the company to expand its footprint in the country. Such partnerships are predicted to increase the demand for rolling stocks and are expected to bolster the market growth in the forecast period.
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The major players in the global rolling stock market are Alstom, Bombardier Transportation, CRRC Corporation Limited, Hitachi, Ltd., and Hyundai Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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