0 items USD 0.00Global rolling stock market remains promising despite the onslaught of COVID
The global market for rolling stock is in the process of recovering from the impact of COVID-19, and major manufacturers are seeing even more orders from the massive expansion planned by governments, however, rising steel prices could make procurement costly.
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The term rolling stock is frequently used in the rail transport industry that refers to railway vehicles, including powered and unpowered vehicles. The word stock, in general terms, indicates inventory. So the Rolling stock is considered a liquid asset or similar to it since the value of the vehicle can be readily estimated and then shipped to the buyer without much cost or delay (excluding external environmental factors).听
There are four major types of rolling stock:听
- Locomotives, Steam, diesel, or electric;
- Freight cars or wagons;
- Coaches, carriages or passenger cars and听
- Multiple units (MU).
Global Rolling Stock Market Forecast
The Global Rolling Stock market size was USD 45550 million in 2021, which is expected to reach USD 54490 million in 2028, growing at a CAGR of 2.6% over the analysis period.
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A few major players are leaders in the global rolling stock industry market: CRRC (China), Siemens (Germany), Alstom (France), and Bombardier (Canada/Germany). Let us now investigate the major Rolling Stock players CRRC (China).
CRRC CORPORATION LIMITED
CRRC is the world鈥檚 largest and most diverse rolling stock supplier with advanced technology. The company's major business includes;听research and development, design, manufacturing, refurbishment, sales, leasing, and technical services of railway locomotives, MUs, urban rail transit vehicles, engineering machinery, various electromechanical equipment, electronic equipment, and components, as well as electronic devices and environmental protection equipment; information consultation; industry investment and management; asset management; import and export business.
CRRC Business Segments
(A) The railway equipment business mainly includes:
- Locomotive business;
- MUs (including intercity听MUs) and passenger carriage business;
- Freight wagon business;
- Track engineering machinery听business.
(B)听The urban rail transit vehicles and urban infrastructure business mainly includes:
- Urban rail transit听vehicles;
- General contracting of urban rail transit vehicles projects;
- General contracting of other听projects.
(C) The new industry business mainly includes:
- Mechanical and electrical business;
- Emerging industry听business.
(D) Modern service business
- Financial business;
- Logistics and trading business;
- other business.
(E) International business
CRRC Major Products
- MUs: Mainly include various electric multiple units and diesel multiple units at the speed of听200 km/hour and below, 200-250 km/hour, 300-350 km/hour, and above
- Locomotives: Mainly include various DC driving and AC driving electric locomotives and听diesel locomotives with the largest traction power of 28,800 KW and the highest听speed of 200 km/hour
- Passenger carriages: Mainly include seater cars, sleeping cars, dining cars, luggage vans, generator cars,听special vehicles, plateau cars, and double-deck railway passenger carriages at the听speed of 120-160 km/hour.
- Freight wagons: Mainly include various railway gondola trucks, box wagons, flatcar, tank trucks, hopper听cars, and other special goods transport trucks
- Urban rail transit听vehicles:听Mainly include subway vehicles, light-rail vehicles, urban (commuting) vehicles,听monorail vehicles, maglev trains, tramcar, rubber-tired vehicles, etc.
- Electrical and听mechanical听equipment:听Mainly include traction electric driving and network control system, diesel engine, the braking system, cooling and heat transfer system, train operation and control system,听passenger information system, power supply system, gear assembly, etc
- Emerging industries: Mainly include wind power equipment and parts (wind turbines, blades, gearboxes,听towers, converters, wind power elastic supports, wind power super capacitors, etc.),听smart rails, new materials (vibration and noise reduction materials, light quantitative听materials, aramid, etc.)
CRRC Revenue in Billion CNY (2015-2021)
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Gross Profit | 鈥�45.82 | 鈥�45.03 | 鈥�43.75 | 鈥�44.58 | 鈥�48.72 | 鈥�46.62 | 鈥�42.40 |
| Revenue | 鈥�240.60 | 鈥�224.14 | 鈥�208.90鈥� | 鈥�217.04 | 鈥�227.07 | 鈥�225.90 | 鈥�224.05 |
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CRRC clocked a profit attributable to the shareholders of 219.8 million yuan (USD 33.3 million) in the first quarter of 2022, which is down from 1.34 billion yuan compared to last year. The operating revenue of the company dropped year on year to 30.65 billion yuan from 41.55 billion yuan.
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About The Author
Sudeep Chakravarty
