Locomotives,
wagons and other rolling stock manufacturing companies
manufacture and/or rebuild locomotives, and locomotive frames and parts. This
industry does not include manufacturing of locomotive fuel lubricating or
cooling medium pumps, industrial locomotives and parts, and mining locomotives
and parts. Establishments manufacturing railroad cars, car equipment, light
rail cars, rapid transit cars, subway cars, and streetcars, trams and car
equipment used in long distance and intercity rail transportation such as metro
railways are also part of this market. This industry does not include
manufacturing of mining rail cars, or repairing of railroad engines and transit
cars.
Read More: https://www.thebusinessresearchcompany.com/report/manufacture-of-locomotives-wagons-and-other-rolling-stock-global-market-report-2018
The global manufacture of locomotives,
wagons, & other rolling stock market was valued at $91 billion in 2017, and
is expected to be driven by the demand of consumers. Asia Pacific was the largest geographic region in the market
in 2017, accounting for more than one-third of the global market share.
China was the biggest player in the manufacture
of locomotives, wagons, and other rolling stock market in 2017, accounting for over one-fifth of the market share.
China was followed by India and Japan as the next largest countries in the
market.
The top competitors in the market are
Bombardier, Alstom, China South Rolling Stock (CSR), China Northern Locomotive
and Rolling Stock (CNR), and Siemens. Bombardier
is the world’s leading manufacturer of both planes and trains. Looking far
ahead while delivering today, Bombardier is evolving mobility worldwide by
answering the call for more efficient, sustainable and enjoyable transportation
everywhere.
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