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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.
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.
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.
Hydrogen locomotive: China is the worlds 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 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 train 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
Wuxi-Jiangyin Intercity Rail Transit
Optics Valley Ohoton Train
Magnet Hybrid Locomotive