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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Rail transit is not as big in North America as Europe or China. US has just over 1,500km network of light rail transit whereas Canada has just over 200km network length.
The freight rail market in North America is 3X bigger than passenger transit because of the sheer length and breadth of the two countries.
The U.S. population is estimated to grow by more than 100 million by 2050, most of that growth will be in urban centres. It is imperative to build a competitive rail service now to address the transportation needs of tomorrow.
| SI No | Timeline | Company | Developments |
| 1 | December 2021 | Greenbrier Companies | Greenbrier will collaborate with US Steel and Norfolk Southern in order to announce a new, sustainable high-strength steel gondola railcar. |
| 2 | December 2021 | Kansas City | Canadian Pacific Railway completed its acquisition of Kansas City Southern for $31 billion. |
| 3 | November 2021 | Ballard Power Systems | Ballard Power Systems has acquired Arcola Energy, a UK based engineering company for integrating fuel cells into trains, buses and commercial vehicles. |
| 4 | October 2021 | Bernhard Capital | Bernhard Capital Partners has signed an agreement to acquire infrastructure contractor Railworks Corporation from Wind Point Partners. |
| 5 | September 2021 | Stadler | The largest sorting plant in Latin America which is supplied by Stadler is set to open a new door in Mexico City. |
| 6 | May 2021 | Kansas City | Kansas City has been merged with Canadian National in order to create a premier railway for the 21st century. |
| 7 | January 2021 | Alstom | Alstom has acquired the B&C Transit in order to expertise the acceleration towards delivery to the customers. |
The San Francisco Bay digital train control project and the Honolulu, Hawaii, driverless railway are just a few of the North American projects that Hitachi Group has worked on.
It has just signed a new contract to deliver metro railcars to Washington, D.C. Hitachi Rail has grown its business globally as a full-service provider of railway solutions with expertise in rolling stock, signalling, and digital innovation, turnkey projects, and operation, service, and maintenance solutions thanks to its long history of more than 100 years and connection to Hitachi Group technology.
Along with Japan, the UK, and Italy, North America has been noted as a significant area for growth in recent years. In comparison to other modes of transportation, Hitachi's rail systems are more environmentally friendly.
In order to help U.S. commuter rail agencies replace and upgrade their ageing locomotive fleets, Rolling Stock Solutions was established as a new leasing platform. Alternate Concepts, an American operator of heavy rail, light rail, commuter rail, and bus transit services, has joined Rolling Stock Solutions as a strategic partner.
It will supply commuter rail agencies with locomotive power from a fleet of tested model locomotives that have undergone a full rebuild to like-new condition in accordance with industry standards. F40PH locomotives that have undergone a complete overhaul will be part of the inaugural Rolling Stock Solutions fleet.
| SI No | Timeline | Company | Developments |
| 1 | December 2021 | US Steel | US Steel along with the Greenbrier Companies and Norfolk Southern has designed an open wagon to reduce the weight by 6.8 tonnes with an initial order of 800. |
| 2 | December 2021 | VIA Rail | VIA Rail has officially revealed the first of the 32 push-pull train sets which Siemens Mobility is supplying for inter-city services from Quebec city to Windsor corridor. |
| 3 | December 2021 | Talgo | Talgoâs hydrogen train will be ready in 2023 and the technology will be tested for the first phase in 2021. |
| 4 | November 2021 | Stadler | The first Flirt low-floor diesel multiple-unit for San Bernardino County Transportation Authorityâs passenger service will be leaving from Stadlerâs Salt Lake city Factory. |
| 5 | July 2021 | CRRC | CRRC Changchun has revealed the first HR 4000 metro cars in Massachusetts. |
| 6 | July 2021 | Kawasaki Heavy Industries | Kawasaki Heavy Industries has delivered the first unit of R211 subway cars for the Metropolitan Transportation Authority(MTA) New York City Transit(NYCT). |
| 7 | April 2021 | Alstom | Alstom has signed a Product Test Agreement in New York in order to explore Alstomâs innovative and environmentally-friendly traction technologies. |
In a country where car ownership is at 800 /1000 inhabitants, rail transit is a favourable option only for lower income group or working population in busy metropolitan cities.Rail transit never really took off in north America except a few cities and between 2016 and 2018, ridership fell in all the seven largest transit markets in US: New York, Chicago, Los Angeles, D.C., San Francisco, Boston and Philadelphia.
But, there is a significant replacement opportunity,for example- Amtrak`s new Acela Express will enter Northeast Corridor (NEC) service in 2021, and entire fleet on this corridor will be modernised by end of 2023.
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
The rolling stock market in North America is third biggest in the world after China and Europe and estimated at $XX Billion in 2020, growing at --% CAGR.
The US freight wagon marketis 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, Greenbier and TTX own approximately 0.5M wagons cumulatively.Among rail road operators, BNSF and Union pacific railroad cumulatively had 150,000 wagons.
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.
November 2019 -Southern Californiaâs 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.
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.
September 2019- Ontario transport authority Metrolinx ordered 36 more double-deck coaches from Bombardier Transportation to bolster GO Transit services in the Toronto area
September 2019- A patent-pending Tsunami Gate door system which could allow shippers to customize grain discharge speeds from a covered hopper wagon is being developed by Greenbrier Companies.
June 2019- Dallas Area Rapid Transit awarded a $199 Million contract to supply eight Flirt diesel multiple-units for Regional Rail project in the northen suburbs of Dallas
May 2019- Southern California Regional Rail Authority awarded a joint venture of Talgo and Systra a contract worth $138 Million for the refurbishment of up to 121 Bombardier Bi-level coaches used on Metrolink commuter services
April 2019- The City of Ottawa and TransitNEXT consortium leader SNC Lavalin declared Stadler the winner of a contract to supply seven four-car Flirt diesel-electric multiple-units.
| SI No | Timeline | Company | Updates |
| 1 | H1-2021/22 | Alstom | The half year sales of Alstom at the end of July 2021 was â¬7.4 billion and in 2020 the sales was â¬6.5 billion. |
| 2 | Annual report | Kinkisharyo | The year ended in March 2021 had a net sales of ¥49.41 billion and in 2020 the net sales was ¥41.05 billion. |
| 3 | 9M-2021 | CAF Group | The revenue of CAF Group at the end of the first three quarters was â¬2.03 billion and in 2020 the revenue was â¬1.81 billion. |
| 4 | March 2021 | Wabtec Corporation | Wabtec Corporation has announced that it has signed an agreement to acquire Nordco, a leading North American supplier of new, rebuilt and maintenance of ultrasonic rail flaw detection technologies. |
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
Kinki Sharyo Co.(based in Japan) has been providing LRV(Tram) carriages to the U.S. cities for more than 3 decades now. It has ~590 carriages in operation or ~20% of total LRV fleet in US
In Mexico, the state of Nuevo León awarded China based CRRC a contract to supply 26 articulated light metro train-sets to Monterrey.
| 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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