GHANA ROLLING STOCK MARKET

INTRODUCTION

Locomotives, powered and unpowered cars, wagons, multiple units, and other track-bound vehicles that are utilized on the railway for both passenger and freight operations are all considered to be rolling stock.

Rolling stock, such as wagons, locomotives, frights, and rapid transit vehicles, is essential for making long-distance passenger and cargo transportation comfortable, dependable, and cost-effective.

Due to the growing use of public transportation options like local trains, passenger trains, and metros, rolling stock demand has increased over the forecast period.

A useful metric for the expansion of the market as a whole is also the government's increased allocation of funds and the launch of various initiatives to improve railway infrastructure. Numerous nations, including India and South Korea, are making progress toward electrifying their railways completely.

The rolling stock market is also expanding due to the introduction of hydrogen-fueled and battery-powered rolling stock, as well as digitization and data analytics in the railways.

GHANA ROLLING STOCK MARKET SIZE AND FORECAST

 The Ghana Rolling Stock market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

MARKET DYNAMICS

DongFang Electric International Corporation and Ghana's Ministry of Railways Development have agreed to supply rolling stock for Ghanaian passenger and freight services.The agreement was signed by the Minister of Railways Development and the state-owned Chinese company.

DongFang Electric International will provide nine fast passenger locomotives and fifteen fast freight locomotives (seven ACAC and eight ACDC transmission) as part of the agreement.

In addition, the company will supply 48 passenger coaches and wagons, shunting locomotives, and rolling stock in two phases.DongFang Electric International will deliver nine in phase one.The excess 26 trains will be conveyed in the second stage from a date to be concurred by the two players.

Dongfang Electric International has collaborated with CRRC Dalian Company Limited (CRRC Dalian) and CRRC Qiqihar Rolling Stock Company Limited (QRRS), both of which are subsidiaries of the enormous Chinese rolling stock manufacturer CRRC, in order to carry out the terms of this agreement.

At the moment, all of Ghana's old railroads are narrow-gauge.In the nation's history, this contract is the first order for standard gauge trains.On Ghana's standard gauge railway lines, which are currently under construction, the new trains will be used.

As part of its mandate to revamp and modernize Ghana's railway sector, the Ministry stated that it is building several standard gauge railway lines.The Tema-Mpakadan railway line, which runs from Takoradi Port through Kojokrom and Manso to the Huni Valley, is one of these railway lines.

COMPANY PROFILE

• Wheelabrator
• Thales 
• DongFang Electric International Corporation
• CRRC Qiqihar Rolling Stock Company Limited
• Výzkumný Ústav Železniční (VUZ)
• CRRC Dalian Company Limited 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perGhana Rolling Stock marketright now and how will it change in the next 5-6 years?
2. Average cost to set up aRolling Stock marketinGhana?
3. How manyGhana Rolling Stock marketare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aGhana Rolling Stock marketand key vendor selection criteria
6. Where is theGhana Rolling Stock market manufactured? What is the average margin per equipment?
7. Market share ofGhana Rolling Stock marketmanufacturers and their upcoming products
8. The most important plannedGhana Rolling Stock marketin next 2 years
9. Details on network of majorGhana Rolling Stock marketand pricing plans
10. Cost advantage for OEMs who manufactureGhana Rolling Stock marketin-house
11. 5 key predictions for next 5 years inGhana Rolling Stock market
12. Average B-2-BGhana Rolling Stock marketprice in all segments
13. Latest trends inGhana Rolling Stock market, by every market segment
14. The market size (both volume and value) ofGhana Rolling Stock marketin 2023-2030 and every year in between?
15. Global production breakup ofGhana Rolling Stock market, by suppliers and their OEM relationship