The demand for rolling stocks is expected to increase over the medium term as a result of factors such advancing technology, increased environmental concerns, traffic congestion, and fast urbanisation.
Furthermore, as orders for rolling stock have longer lead periods and must endure for a long time, rigorous innovation and research are essential to producing sturdy rolling stock. Governments are taking a proactive role in this industry to improve the most affordable and safest mode of transportation.
The future of rail travel will likely include driverless trains, ultra-high-speed trains, and other cutting-edge technologies. It is considered one of the most upscale modes of transportation for commuting, as well as for lengthy transportation of big or bulky items.
The Australia Rolling Stock Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
The state of Victoria’s Department of Transport will receive 100 Flexity low-floor Next Generation Trams (NGTs) from Alstom. The Melbourne Tram Network will operate the trams.
The deal is Alstom’s largest in Australia and the Southern Hemisphere, and it also includes maintenance for a term of 15 years. The 250-kilometer-long Melbourne tram network, which boasts the biggest tram network in the world, will progressively be replaced with the new low-floor trams.
The project will offer a remedy for the problem of balancing the rise in passenger demand with the requirement for sustainable transportation results.
There are already a sizable number of Alstom products operating in Victoria, including 106 X’trapolis suburban trains, 141 Flexity and Citadis trams, and 141 Flexity and Citadis trams. Additionally, the business has delivered 95 Vlocity regional trains thus far, and counting.
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