CHINA ROLLING STOCK MARKET

KEY FINDINGS

• China has been a global leader in high-speed rail development. The country has an extensive high-speed rail network, connecting major cities and regions. This has driven the demand for advanced rolling stock, including high-speed trains.
• With ongoing urbanization, many Chinese cities have been expanding their metro and light rail systems. This has led to increased demand for urban rolling stock, including subway cars and light rail vehicles.
• China has invested in Maglev (magnetic levitation) technology, which uses magnetic fields to propel trains above the tracks, reducing friction and allowing for high-speed travel. Shanghai has a commercial Maglev line, and there are plans for further expansion.
• The country has developed and deployed high-speed trains capable of reaching extremely high speeds. These trains are equipped with advanced signalling systems, aerodynamics, and safety features.
• China has been adopting smart ticketing and payment systems, allowing passengers to use digital platforms for ticket purchase and validation. 
• The Rolling Stock Market In China is dominated by major players like CRRC, Alstom and others. These top 2 companies has a market share of 93% combined for the year 2023.
• CRRC is a dominant player and world's largest player of the Rolling Stock Market in China and Globally.
• The future plan for 2035 also includes connecting all towns and cities with a population of 200,000 with a rail, and those with more than 500,000 would be linked by high-speed trains.
• China's ongoing high-speed rail expansion demonstrates its commitment to meeting growing travel demand. These new lines, set to be tested during the Spring Festival rush, are poised to further contribute to China's transportation and economic landscape.
• The number of railway locomotives nationwide is 22,100. Among them, there were 7,800 diesel locomotives, accounting for 35.5%; and 14,200 electric locomotives, accounting for 64.5%.
• CRRC's new lithium battery shunting locomotive for Lianyang Iron & Steel, China's most powerful, signals a shift towards greener industrial transport.
• Electric Locomotives are undoubtedly the driving force of Traction motors due to the increased requirement of the traction motor to pull heavy passenger coaches and freight wagons.

CHINA ROLLING STOCK MARKET OVERVIEW

China has one of the largest and fastest-growing rail transportation networks in the world. The rolling stock market in China includes various types of railway vehicles, such as high-speed trains, metro trains, and locomotives. The country has been investing heavily in expanding and upgrading its rail infrastructure to meet the increasing demand for transportation.

China is renowned for its extensive high-speed rail network, which connects major cities across the country. Chinese companies, including China Railway Rolling Stock Corporation (CRRC), are global leaders in high-speed rail technology. CRRC, the largest rolling stock manufacturer in the world, plays a significant role in the domestic and international rolling stock market.

China has been investing in metro and urban rail projects to address congestion issues in major cities. Various cities have expanded their metro systems, creating opportunities for the rolling stock market. CRRC and other local manufacturers supply metro cars and components for these projects.

INTRODUCTION TOCHINA ROLLING STOCK MARKET

Locomotives, powered and non-powered carriages, waggons, multiple units, and other track-bound vehicles are all considered to be rolling stock and are utilised on the railroad for both passenger and freight operations.

The term uses the word stock to refer to an inventory. Rolling stock is seen as a liquid asset or one that can be easily approximated to be liquid because the vehicle's value may be quickly determined and supplied to the buyer without incurring significant costs or delays. 

The creation of rolling stock benefits numerous industries and boosts the quantity and regularity of the flow of goods and people.There is a rising need for rolling stock as a result of factors including urbanisation, globalisation and rising worldwide population.

CHINA ROLLING STOCK MARKET SIZE AND FORECAST 

The China Rolling Stock Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030. 

TECHNOLOGICAL IMPROVEMENT IN PASSENGER RAIL OVER THE YEARS

Hydrogen locomotive:China is the world's first country, which is converting its diesel locomotives to hydrogen cell powered. CRRC has unveiled “Ningdong”, the “world’s most powerful hydrogen-powered locomotive. According to China Railway Rolling Stock Corporation (CRRC), the new engine can run for up to 190 hours and takes two hours to refuel its 270kg capacity of liquefied hydrogen.

High-speed Rail (HSR):China has really achieved a breakthrough in high-speed railway. Approximately 37, 900 km is covered under high-speed railway in China, which is expected to increase till 2030. Those bullet trains can travel up to 350km/hour, and it is the second largest network in the world. 

Ultra High speed: China is all set to launch high-speed maglev rail. Developed by the China Aerospace Science and Industry Corporation Limited (CASIC), the maglev train aims to carry passengers and cargo at a speed of 1,000km/h or faster in a low-vacuum tube. Two lines are currently under construction totaling around 170 miles, Shanghai-Hangzhou in Zhejiang province and a 110-kilometer underground route linking Guangzhou and Shenzhen, the two biggest cities in the densely populated Pearl River Delta region

CHINA ROLLING STOCK MARKET NEW PRODUCT LAUNCH

Wuxi-Jiangyin Intercity Rail Transit

• CRRC made Wuxi-Jiangyin Intercity Rail Transit, is under no load trail run As CRRC’s “System+” demonstration project, since the construction started, Wuxi-Jiangyin Intercity Rail Transit has actively explored the new path of integration and innovative development, and adopted a complete set of prefabricated construction technologies.
• As the first intercity rail transit of Wuxi city, the Wuxi-Jiangyin rail will be connected with Metro Line 1 upon operation, realizing connectivity from Nanfangquan Station by the Taihu Lake to Jiangyin’s Waitan Station in the Yangtze River Estuary, and effectively building a half-an-hour commute circle linking Wuxi and Jiangyin to further facilitate the integrated development of Wuxi and Jiangyin.

Optics Valley Ohoton Train

• The first “Optics Valley Photon” air rail train of the Wuhan optics valley air rail tourism project successfully rolled off the production line at CRRC Qiangdao Sifang Co., Ltd. The full name for “Optics Valley Photon'' CRRC air rail train is “suspension monorail train”, a new type of rail transit vehicle. Different from the traditional means of transportation, the train’s rail is supported in the air by steel structure columns; and the train body is suspended below the rail beam and looks like it is flying, so the train is called “air train”

Magnet Hybrid Locomotive

• The 3000 HP permanent magnet hybrid shunting locomotive developed by CRRC reached about 2000 km of safe operation. The shunting locomotive is mainly used in shunting, formation and transfer operation. During the operation of the locomotive, frequent starting, accelerating, direction changing and breaking are required. In the case of traditional shunting diesel locomotives, the diesel engine works at full load for only 1% to 2% of the time.

CHINA ROLLING STOCK MARKET SEGMENTATION

By Vehicle Type

• Intercity Coaches
• Freight Wagons
• EMU and Metro
• Locomotive

By Components

• Electrical(HVAC, Pantograph)
• Driveline(Traction Motor, Traction Converter)
• Car Body
• Interiors

By Demand Type

• New
• Replacement

CHINA ROLLING STOCK MARKET COMPANY PROFILES

• CRRC Corporation Ltd.
• Alstom
• Siemens

CHINA ROLLING STOCK MARKET REPORT WILL ANSWER THE FOLLOWING QUESTIONS

1. Average cost to set up a China Rolling Stock Market in China? 
2. How many China Rolling Stock Markets are manufactured per annum globally?      
3. Market share of China Rolling Stock Market  manufacturers and their upcoming products 
4. The most important planned China Rolling Stock Market in the next 2 years 
5. Details on a network of major China Rolling Stock Market and pricing plans 
6. Cost advantage for OEMs who manufacture China Rolling Stock Market in-house 
7. 5 key Predictions for the next 5 Years in China Rolling Stock Market 
8. Average B-2-B China Rolling Stock Market price in all segments 
9. Latest trends in China Rolling Stock Market, by every market segment 
10. Analysis of government and private sector investments in rolling stock projects.
11. What are the new innovations in high-speed rail and metro systems and how will they impact the Chinese rolling stock market?
12. Overview of the supply chain, including raw materials and component suppliers.
13. The market size (both volume and value) of China Rolling Stock Market in 2024-2030 and every year in between? 
14. Global production breakup of China Rolling Stock Market, by suppliers and their OEM Relationship