Description
INTRODUCTION
Locomotives, powered and unpowered cars, wagons, multiple units, and other track-bound vehicles that are utilized on the railway for both passenger and freight operations are all considered to be rolling stock.
Rolling stock, such as wagons, locomotives, frights, and rapid transit vehicles, is essential for making long-distance passenger and cargo transportation comfortable, dependable, and cost-effective.
Due to the growing use of public transportation options like local trains, passenger trains, and metros, rolling stock demand has increased over the forecast period.
A useful metric for the expansion of the market as a whole is also the government’s increased allocation of funds and the launch of various initiatives to improve railway infrastructure. Numerous nations, including India and South Korea, are making progress toward electrifying their railways completely.
The rolling stock market is also expanding due to the introduction of hydrogen-fueled and battery-powered rolling stock, as well as digitization and data analytics in the railways.
GHANA ROLLING STOCK MARKET SIZE AND FORECAST
The Ghana Rolling Stock market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
MARKET DYNAMICS
DongFang Electric International Corporation and Ghana’s Ministry of Railways Development have agreed to supply rolling stock for Ghanaian passenger and freight services.The agreement was signed by the Minister of Railways Development and the state-owned Chinese company.
DongFang Electric International will provide nine fast passenger locomotives and fifteen fast freight locomotives (seven ACAC and eight ACDC transmission) as part of the agreement.
In addition, the company will supply 48 passenger coaches and wagons, shunting locomotives, and rolling stock in two phases.DongFang Electric International will deliver nine in phase one.The excess 26 trains will be conveyed in the second stage from a date to be concurred by the two players.
Dongfang Electric International has collaborated with CRRC Dalian Company Limited (CRRC Dalian) and CRRC Qiqihar Rolling Stock Company Limited (QRRS), both of which are subsidiaries of the enormous Chinese rolling stock manufacturer CRRC, in order to carry out the terms of this agreement.
At the moment, all of Ghana’s old railroads are narrow-gauge.In the nation’s history, this contract is the first order for standard gauge trains.On Ghana’s standard gauge railway lines, which are currently under construction, the new trains will be used.
As part of its mandate to revamp and modernize Ghana’s railway sector, the Ministry stated that it is building several standard gauge railway lines.The Tema-Mpakadan railway line, which runs from Takoradi Port through Kojokrom and Manso to the Huni Valley, is one of these railway lines.
COMPANY PROFILE
- Wheelabrator
- Thales
- DongFang Electric International Corporation
- CRRC Qiqihar Rolling Stock Company Limited
- Výzkumný Ústav Železniční (VUZ)
- CRRC Dalian Company Limited
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- What is the average cost per Ghana Rolling Stock market right now and how will it change in the next 5-6 years?
- Average cost to set up a Rolling Stock market in Ghana?
- How many Ghana Rolling Stock market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- What is happening in the overall public, globally?
- Cost breakup of a Ghana Rolling Stock market and key vendor selection criteria
- Where is the Ghana Rolling Stock market manufactured? What is the average margin per equipment?
- Market share of Ghana Rolling Stock market manufacturers and their upcoming products
- The most important planned Ghana Rolling Stock market in next 2 years
- Details on network of major Ghana Rolling Stock market and pricing plans
- Cost advantage for OEMs who manufacture Ghana Rolling Stock market in-house
- 5 key predictions for next 5 years in Ghana Rolling Stock market
- Average B-2-B Ghana Rolling Stock market price in all segments
- Latest trends in Ghana Rolling Stock market, by every market segment
- The market size (both volume and value) of Ghana Rolling Stock market in 2023-2030 and every year in between?
- Global production breakup of Ghana Rolling Stock market, by suppliers and their OEM relationship
