CRRC Corporation Limited, Wabtec Corporation and Bombardier are Dominating the Global Rolling Stock Market in 2019

Global Rolling Stock Market is expected to grow with the CAGR of 3.9% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below:

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Global rolling stock market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global rolling stock market are introducing advanced rolling stocks for faster transportation and to enhance passenger experience. This helped companies to maximize the sales with enhanced product portfolio.

For instance, in February 2020, Euromaint a subsidiary company of CAF, Construcciones y Auxiliar de Ferrocarriles, S.A. received the contract worth of USD 118.50 million by Norwegian operator VY. New cutting-edge efficient and quality maintenance techniques are getting provided by the company to Bergen Railway lines. Through this, the company increased their brand presence in the market with advanced solution offering.

CRRC Corporation Limited is the dominating player in global rolling stock market. The other key players existing in the market ABB, Alstom, American Industrial Transport, Inc., Bombardier, CAF, Construcciones y Auxiliar de Ferrocarriles, S.A., Caterpillar, Hitachi, Ltd., HYUNDAI ROTEM COMPANY, JAPAN TRANSPORT ENGINEERING COMPANY (a subsidiary of East Japan Railway Company), Kawasaki Heavy Industries, Ltd., Mitsubishi Electric Corporation, National Steel Car Limited, Niigata Transys Co.,Ltd. (a subsidiary of IHI Corporation), PATENTES TALGO S.L.U., Siemens, Stadler Rail AG, Toshiba Infrastructure Systems & Solutions Corporation (a subsidiary of TOSHIBA CORPORATION), TRANSMASHHOLDING, Wabtec Corporation, Woojin Industrial Systems, Co, Ltd. among others.

CRRC Corporation Limited

CRRC Corporation Limited is headquartered in Beijing, China and was founded in 2015. Company provides the advanced technology for rail transit industry such as urban rail transit vehicles, engineering machinery, rolling stock and others. The company offers wide range of product categories such as rolling stock, components, other products, R & D among which rolling stock is market focused category.

• In July 2020, CRRC Corporation Limited has received the contract of Kenya Standard Gauge Railway project for which company is handling the 196,000 standard containers of cargo with repair and maintenance activities. This helped company to increase their brand presence in the Africa market with advanced service offering.

The company has wide global presence across the globe such as North America, Asia-Pacific, Europe, South America, Middle East & Africa. Company also generates revenue from the subsidiaries such as CRRC Zhuzhou Moto (China), CRRC Ziyang (China), CRRC Beijing Nankou (China), CRRC Datong (China), CRRC Hong Kong (China) and others.

Wabtec Corporation

Wabtec Corporation is headquartered in Pennsylvania, U.S. was founded in year 1999. The company focuses in providing locomotives, signaling and logistics systems, critical components and other services for rail industry. The company offers various product categories such as Digital Solutions, Locomotives, Marine Solutions, Mining & Digital Mining, Port Optimizer among which locomotives is focused category. Company operates the business through Freight Segment and Transit Segment and for market Freight Segment is focused category.

• In December 2019, Wabtec Corporation expanded their business in India by forming the new technology centre for rolling stock market. To develop new solutions for the rail industry the new Wabtec India Engineering and Technology Center (WITEC) is introduced. Through this engineering center company strengthened their presence and offering for the rolling stock market.

The company has presence in Americas, Asia-Pacific, Europe, Middle East & Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as A and M Signalling Services Private Limited (India), Aero Transportation Products, Inc (U.S.), AM General Contractors SpA (Italy), A M Rail Group Limited (U.K.), A M Signalling Design Limited (U.K.) and others.

Bombardier

Bombardier is headquartered in Montréal, Canada, which was founded in 1942. The company focuses on advanced technology for transportation industry with energy efficiency, reliability, safety and passenger comfort. The company has two product categories such as aviation, transportation in which transportation are market focused category. Company operates the business through aviation, transportation segment and for market transportation is focused category.

• In August 2020, Bombardier and Hitachi Rail SpA has received the contract by Trenitalia worth of USD 943 million. The train operator company located in Italy Bombardier company is delivering the 23 Frecciarossa 1000 very high-speed (VHS) trains to enhance their rolling stock capacity. Through this company strengthened their presence in Italy and European country market.

The company has global presence in North America, Asia-Pacific, Europe, South America, Middle East & Africa. In addition, company also generates revenue through the subsidiary such as Bombardier Transportation GmbH (Germany), Bombardier Transportation (Holdings) Ltd (U.K.), Bombardier Transportation Canada Inc. (Canada), Bombardier Transportation France S.A.S. (France) and Learjet Inc. (U.S.).