- In February 2023, Stadler Rail AG formed a partnership with ASPIRE Engineering Research Centre and Utah State University to develop a battery-powered passenger train based on the FLIRT Akku concept. This collaboration encompasses the entire process, including the design, construction, and testing of a two-car multi-unit battery-operated FLIRT Akku train. Throughout the testing phases, the team aims to gather insights that will aid in the decarbonization of American passenger transit through the use of battery-powered trains
- In February 2023, Stadler Rail AG announced its acquisition of BBR Verkehrstechnik GmbH and its affiliated companies to strengthen its capabilities in digitalization and signaling technologies. This strategic move enables both firms to collaborate on developing cutting-edge signaling solutions that will enhance the digitization of the rail sector. By combining their expertise, the partnership aims to drive innovation and improve operational efficiency within the industry
- In January 2023, Siemens Mobility secured a landmark purchase order from Indian Railways for 1,200 locomotives, each boasting 9,000 horsepower, marking the largest single locomotive order in Siemens Mobility and Siemens India’s history. Siemens Mobility will be responsible for the design, development, assembly, and testing of these locomotives, which will include a comprehensive 35-year full-service maintenance contract. The locomotives are set to be assembled at the Indian Railways facility in Gujarat, with deliveries planned over an 11-year timeframe
- In November 2022, Siemens Mobility revealed plans to establish a train bogie manufacturing facility in Aurangabad, India. This new plant is capable of fulfilling a single export order for over 200 bogies, designed using the SF30 Combino Plus global design concept. Featuring a flexible manufacturing setup, the facility aims to cater to both domestic and international rolling stock demands, producing bogies for locomotives, coaches, trams, metros, and various electric vehicles
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Wagons, Coaches, Locomotives, and Rapid Transit), Locomotive Technology (Turbocharged Locomotives, Conventional Locomotives, and Maglev), Components (Train Control Systems, Passenger Information Systems, Brakes, Air Conditioning Systems, Auxiliary Power Systems, Pantographs, Mechanical Components, Axles, Wheelsets, Traction Motors, Gearboxes, Baffle Gear, and Coupler), Application (Passenger Transportation, and Freight Transportation) - Industry Trends and Forecast to 2031
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The Global Rolling Stock Market size was valued at USD 64.94 USD Million in 2023.
The Global Rolling Stock Market is projected to grow at a CAGR of 4.4% during the forecast period of 2024 to 2031.
The major players operating in the market include ABB, Alstom, Bombardier, Siemens, and more-.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
