A large number and variety of suppliers serve the rail rollingstock market. Market shares here do not directly reflect those in the overallrail transportation industry. ARC observes that rolling stock market is managedas separate business units at those companies that also offer other productsand solutions such as rail signaling systems, services, and customizedmaintenance. The top three rolling stock providers – CRRC, Bombardier,and Alstom.
CRRC captured largest market shares in 2017 (44 percent); mainlybecause of merger between CSR and CNR, but so did players such as Siemens andGE Transportation have substantial rolling stock portfolio addressing passengerand freight trains. Compounding this landscape is the continual rise of newcompetitors that promise cost-saving, value-added technological innovationsthat appeal to railroads that seek more affordable systems and lower operatingcosts. The leading suppliers of rail rolling stock in 2017 representsdiverse supplier profiles.
CRRC’s $28,904 million rolling stock businesscaptured the lead position, followed by Bombardier’s $5,350 million, and Alstomand Siemens with $3,630 million and $3,560 million. These suppliers constitute 63.7percent of the total rolling stock market size.
All remaining competitorscaptured less than 5 percent market share, with GE Transportation capturing 3.9percent.Industry SegmentsThe rail industry istypically segmented into the following categories: rolling stock (trainsets),infrastructure (components, rails, installation, etc.), rail signaling or traincontrol, and services. Rolling stock industry is further segmented into trains,locomotives, and wagons. Rolling stock andlocomotives comprises all the vehicles that move on a railway, although inseveral countries the term is usually used to refer only to non-poweredvehicles; specifically excluding locomotives. There is a wide range of types ofrolling stock, which can be broken down in various segments:This report segmentsthe type of trains serviced by the following categories: high speed/very highspeed (VHS), mainlines, light rail, metro/subway, freight, andindustrial/mining. While definitions vary by geography, high-speed trainstypically operate at 200 to 250 km/hour and VHS trains range from 300 to 350km/hour.
Mainlines are traditional rolling stock and infra-structureoperations, typically used for passengers but may also be used for freight. (Very)high speed trains run at speeds of at least 220 km/h. The trains can consist ofmultiple units or can be a single carriage, with a driver’s cab at one or bothends.Light rail or lightrail transit is a form of urban/suburban rail public transportation thatgenerally has a lower capacity and lower speed than heavy rail and metrosystems. The metro/subway category includes rapid transit, underground, subway,elevated railway, and metro/metropolitan railway systems with a high capacityand frequency. These systems are typically located in underground tunnels, onelevated rails above street level, or outside urban centers, or they may run ongrade separated ground level tracks.
Metro vehicles including two specifictypes of metro vehicles, those using rubber tire wheels or those usingautomation.Multiple units areself-propelled carriages that consist of more than one carriage, coupling severalsimilar carriages, and that are controlled by one driving cab. Multiple unitsare classified by their power source and are of two main types: electricmultiple unit (EMU) or diesel multiple unit (DMU). They are primarily used forpassenger transport. Sometimes a further differentiation is based on speedand/or the type of lines they serve (eg. Intercity, regional, local).
Wagonsare passenger railway vehicles other than passenger railcars1, and also includesleeping cars, saloon cars, dining cars, etc. Freight wagons are railwayvehicles intended for transport of goods.Locomotives provide themotive power for a train. Locomotives have no payload capacity of their own,and their sole purpose is to move the train along the tracks.
In contrast, sometrains have self-propelled payload-carrying vehicles. A further classificationof locomotives is based on their power source, mainly diesel or electricity.The freight category isused to separate solutions specifically targeted for freight, not passenger,operations. The industrial/mining category is a burgeoning one characterized bylower speed requirements, a tendency to look beyond conventional signaling dueto maintenance and other issues, and a rising interest in driverless operation.The research also segments the market based ongeography. The four segmentations are North America; Europe, Middle East, andAfrica; Asia Pacific; and South America.