In order to dissert the market scenario prevailing across the rolling stocks market sector, FactMR has evenly presented a comprehensive rolling stocks market analysis to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the rolling stocks market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.
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Rolling Stocks Market - Notable Highlights
- CRRC Corporation Limited (CRRC), a rolling stock giant signed a strategic agreement with TÜV Rheinland, a global technical service provider – to improve their collaborative services including international compliance testing and certification of rolling stocks in September 2018.
- Siemens announced the investment of 200 million euros to start rolling stocks factory at Goole in the East Riding of Yorkshire, UK in March 2018. In April, the company got approval from the Orange County Transportation Authority to supply vehicles for the county’s Streetcar project.
- In February 2018, Swiss Stadler Rail AG announced the plan of building a new factory in Georgia which will focus on the manufacture of new rolling stocks and repair services for the Georgian Railway and the Tbilisi Metro.
- Three new Evolution Series locomotives from GE Transportation will be acquired by Iowa Interstate Railroad Ltd., announced GE in October 2018. The new rolling stocks scheduled to be manufactured in 2020 will be used in interstate transportation of metals, grains and ethanol.
- In 2017, Tokyu Corporation ordered 10-car electric multiple units from Japan Transport Engineering Company (J-TREC) for Tokyo’s suburban services at Denentoshi Line. The new units will be designated as Series 2020 as the country will host the 2020 Olympic Games.
Rolling Stock Businesses Realign as Manufacturers Procure Big Ticket Projects
A modest outlook has been witnessed in the rolling stocks market in the past decade, in line with significant railway infrastructure investments made by national governments. As business giants become more engaged in increasing their market share through procurement of big ticket projects, the rolling stocks market continues to witness realignment.
Rolling Stocks Marketplace Shows Heavy Consolidation
The rolling stock market remains highly clustered among can top 5 players - CRRC Corporation Limited, Bombardier Transportation, Alstom Transport, GE Transportation and Siemens, who hold significant revenue share of the market.
Competition remains intense in the rolling stocks market, with CRRC Corporation at the forefront, which continues to face a fierce competition from Bombardier and GE. Additionally, J-TREC. Alstom, Siemens, Kawasaki Heavy Industries and PESA are other leading contenders who are engaged in product innovation and expansion of their product portfolio.
Predictive Maintenance to Consistently Improve Rolling Stock Asset Management
Investments in rolling stock are highly cost-intensive, and the lifecycle value of these infrastructures is one to two years. Repair and maintenance services provided by rolling stock manufacturers are aimed at optimizing and increasing the average age of rolling stocks. Incorporation of predictive maintenance has changed the course of rolling stock asset management wherein connected technologies, remote monitoring, digital analysis, and big data analytics have paved new ways in the traditional business model for services in rolling stocks market.Future forecast of the new rolling stock sales seems to stabilize as investors seek more cost and return-oriented from rolling stock OEMs. Real-time monitoring and predictive maintenance services have helped OEMs to optimize their value propositions thereby strengthening the repair and maintenance services in the rolling stock landscape.
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Passenger Coach Rolling Stocks to Witness Profitability
As safety and comfort of passengers remain the prime focus of new or under-maintenance rolling stocks, their replacements are frequent as compared to other types of rolling stocks such as multiple units, locomotive and freight wagons. Passenger coach rolling stocks have been deemed as the most maintenance-intensive coach of the railway system as they are subjected to the highest utilization by multiple passengers.
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