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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