Global Metro Rolling Stock Market 2022-2027

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    METRO ROLLING STOCK MARKET

     

    INTRODUCTION

    Rolling stock has major role in any developing and developed economy, be it for light rail transit, freight movement or inter-city transportation.

     

    MARKET DYNAMICS

    In US, Amtrak has been exploring market options for modernising its fleet since June 2018. It wants to replace coach cars, trainsets and self-propelled units which can provide its customers a comfortable riding experience, with improved ride quality and reliability.

     

    High speed rail is an important mode of transport for long distance travel in Europe. The importance of high-speed rail in Europe can be testified by the fact that since the launch of the Frecciarossa brand 10 years ago in Italy, rail’s share of the market has almost doubled on the Rome – Milan corridor had grown from 35% to 66%.

     

     

    RECENT DEVELOPMENTS

    1. Jan 2020– Stadler won an order for its new gen tram which features driver assistance system with traffic sign recognition, a new bogie design to optimize the use of space and improve maintainability, and an air- conditioning system with CO2as the refrigerant
    2. Jan 2020-The first driver-less metro line in Hamburg has been formally handed over to operator Hamburger Hochbahn for construction to be completed by 2021
    3. Jan 2020– Switzerland based Chemin de Fer Nyon-Saint-Cergue-Morez  awarded Stadler a contract to supply six two-car electric multiple-units. The EMUs will be delivered between late 2021 and early 2022
    4. Dec 2019– CRRC started testing Chicago Series 7000 metro cars. CRRC won the order to supply upto 846 metro vehicles in 2016 and will be assembling it in the Hegewisch district.
    5. November 2019 –Southern California’s San Bernardino County Transportation Authority awarded Stadler a contract to supply a Flirt H2 hydrogen fuel cell powered multiple-unit to enter passenger service in 2024, with an option for four more units.
    6. September 2019- Massachusetts Bay Transportation Authority awarded Hyundai Rotem a $278·5 Million sole-source contract to supply 80 double-deck coaches. The new coaches will replace single deck vehicles to increase capacity on the Boston commuter rail network by more than 14 000 seats/day.

     

    MARKET SEGMENTATION

    Info graphic : Rolling Stock Market

    MARKET SIZE AND FORECAST

    The outlook for Europe in 2020-2025 is strong and positive. Many orders are expected for high speed trains in U.K. Switzerland, Netherlands. LRV order are expected in Germany, France and the U.K., especially for commuter and regional trains as well as for metros and light rail vehicles (LRV).

     

    US ROLLING STOCK MARKET

    Among the operational LRV(excluding metro) fleet in North America, Siemens is the biggest supplier of LRVs with 32% share(1,000 units) of total LRV. Total North America LRV fleet, as of Dec 2019-3,200 units

     

    The US freight wagon market is among world`s biggest. The present freight wagon fleet size is more than 1.8 Million units.

     

    Hoppers, tankers and flat wagons make up for more than 80% share of overall fleet. Among private freight car owners, Greenbrier and TTX own approximately 0.5M wagons cumulatively. Among rail road operators, BNSF and Union pacific railroad cumulatively had 150,000 wagons.

     

    CHINA ROLLING STOCK MARKET

    Metro segment is among the fastest growing rolling stock segment in China. China alone accounted for 60% of global metro rail infrastructure growth in 2018.

    • China accounts for 25% of global metro fleet and 65% of high-speed rail fleet
    • In terms of units, there are about 5,600 high speed trainsets or 60,000 high speed rail cars and ~34,000 metro vehicles in operation as of Jan 2020
    • Most of the vehicles are less than 15 years old hence the replacement demand is lower than new vehicle demand

    The addition of 10,000km high speed rail tracks between 2019 and 2024 will create demand for new 2,200-2,500 train sets i.e. 22,000-25,000 high speed rail cars.

     

    COMPETITIVE LANDSCAPE

    CRRC is the global market leader in terms of overall revenue but its dominance is primarily limited to China and some Asian and African countries. In Europe, Bombardier and Alstom are the market leaders whereas, in the North American market, Bombardier, GE Transportation and Kawasaki are the market leaders.

     

    European rolling stock market is consolidated, the top 4 players account for more than 70% market share. Bombardier is the market leader with more than 20% market share, followed by Alstom, Stadler and Siemens Mobility. Remaining 8-9 vendors account for the remaining 30% market.

     

    COMPANY PROFILES

    1. Hitachi Rail Europe
    2. Stadler Rail
    3. Alstom SA
    4. Bombardier Transportation
    5. Siemens Mobility
    6. Skoda Transportation
    7. Titagarh Wagons AFR
    8. Talgo, S.A.
    9. CAF Rail
    10. Hyundai Rotem
    11. Vossloh Locomotives GmbH
    12. Wabtec Corporation
    13. Bombardier Transportation
    14. Talgo America
    15. General Electric Transportation
    16. Kinki Sharyo Co, Ltd
    17. CRRC
    18. Greenbrier Companies
    19. Alstom USA Inc
    20. Stadler America LLC
    21. CAF USA

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. Rolling stock market segmented by application (Freight wagons, Locomotive, Light rail, Inter-city coaches)
    2. New orders, by vehicle type
    3. Market share of leading vendors
    4. Opportunities, risks and trends for global rolling stock suppliers
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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