Rolling Stock Market in North America 2021-2026

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Rail transit is not as big in North America as Europe or China. US has just over 1,500km network of light rail transit whereas Canada has just over 200km network length.

The freight rail market in North America is 3X bigger than passenger transit because of the sheer length and breadth of the two countries.

The U.S. population is estimated to grow by more than 100 million by 2050, most of that growth will be in urban centres. It is imperative to build a competitive rail service now to address the transportation needs of tomorrow.

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Language

english

Publisher

Mobility Foresights

Release date

2021

SKU: MFPL21-4376 Categories: , , ,

Description

 INTRODUCTION

Rail transit is not as big in North America as Europe or China. US has just over 1,500km network of light rail transit whereas Canada has just over 200km network length.

The freight rail market in North America is 3X bigger than passenger transit because of the sheer length and breadth of the two countries.

The U.S. population is estimated to grow by more than 100 million by 2050, most of that growth will be in urban centres. It is imperative to build a competitive rail service now to address the transportation needs of tomorrow.

 ROLLING STOCK MARKET IN NORTH AMERICA MARKET SEGMENTATION

 

ROLLING STOCK MARKET IN NORTH AMERICA MARKET DYNAMICS

 

SI NoTimelineCompanyDevelopments
1December 2021Greenbrier CompaniesGreenbrier will collaborate with US Steel and Norfolk Southern in order to announce a new, sustainable high-strength steel gondola railcar.
2December 2021Kansas City Canadian Pacific Railway completed its acquisition of Kansas City Southern for $31 billion.
3November 2021Ballard Power SystemsBallard Power Systems has acquired Arcola Energy, a UK based engineering company for integrating fuel cells into trains, buses and commercial vehicles.
4October 2021Bernhard CapitalBernhard Capital Partners has signed an agreement to acquire infrastructure contractor Railworks Corporation from Wind Point Partners.
5September 2021Stadler The largest sorting plant in Latin America which is supplied by Stadler is set to open a new door in Mexico City.
6May 2021Kansas CityKansas City has been merged with Canadian National in order to create a premier railway for the 21st century.
7January 2021AlstomAlstom has acquired the B&C Transit in order to expertise the acceleration towards delivery to the customers.

 ROLLING STOCK MARKET IN NORTH AMERICA MARKET SIZE AND FORECAST

 

SI NoTimelineCompanyDevelopments
1December 2021US Steel US Steel along with the Greenbrier Companies and Norfolk Southern has designed an open wagon to reduce the weight by 6.8 tonnes with an initial order of 800.
2December 2021VIA RailVIA Rail has officially revealed the first of the 32 push-pull train sets which Siemens Mobility is supplying for inter-city services from Quebec city to Windsor corridor.
3December 2021TalgoTalgo’s hydrogen train will be ready in 2023 and the technology will be tested for the first phase in 2021.
4November 2021StadlerThe first Flirt low-floor diesel multiple-unit for San Bernardino County Transportation Authority’s passenger service will be leaving from Stadler’s Salt Lake city Factory.
5July 2021CRRCCRRC Changchun  has revealed the first HR 4000 metro cars in Massachusetts.
6July 2021Kawasaki Heavy Industries Kawasaki Heavy Industries has delivered the first unit of R211 subway cars for the Metropolitan Transportation Authority(MTA) New York City Transit(NYCT).
7April 2021AlstomAlstom has signed a Product Test Agreement in New York in order to explore Alstom’s innovative and environmentally-friendly traction technologies.

In a country where car ownership is at 800 /1000 inhabitants, rail transit is a favourable option only for lower income group or working population in busy metropolitan cities.Rail transit never really took off in north America except a few cities and between 2016 and 2018, ridership fell in all the seven largest transit markets in US: New York, Chicago, Los Angeles, D.C., San Francisco, Boston and Philadelphia. But, there is a significant replacement opportunity,for example- Amtrak`s new Acela Express will enter Northeast Corridor (NEC) service in 2021, and entire fleet on this corridor will be modernised by end of 2023.

Amtrak has been exploring market options for modernising its fleet since June 2018. It wants to replace coach cars, trainsets and self-propelled units which can provide its customers  a comfortable riding experience, with improved ride quality and reliability

The rolling stock market in North America is third biggest in the world after China and Europe and estimated at $XX Billion in 2020, growing at –% CAGR.

 US FREIGHT WAGON MARKET

The US freight wagon market is among world`s biggest. The present freight wagon fleet size is more than 1.8 Million units.

Hoppers, tankers and flat wagons make up for more than 80% share of overall fleet.Among private freight car owners, Greenbier and TTX own approximately 0.5M wagons cumulatively.Among rail road operators, BNSF and Union pacific railroad cumulatively had 150,000 wagons.

RECENT DEVELOPMENTS IN ROLLING STOCK MARKET IN NORTH AMERICA

Dec 2019– CRRC started testing Chicago Series 7000 metro cars. CRRC won the order to supply upto 846 metro vehicles in 2016 and will be assembling it in the Hegewisch district.

November 2019 –Southern California’s San Bernardino County Transportation Authority awarded Stadler a contract to supply a Flirt H2 hydrogen fuel cell powered multiple-unit to enter passenger service in 2024, with an option for four more units.

September 2019- Massachusetts Bay Transportation Authority awarded Hyundai Rotem a $278·5 Million sole-source contract to supply 80 double-deck coaches. The new coaches will replace single deck vehicles to increase capacity on the Boston commuter rail network by more than 14 000 seats/day.

September 2019– Ontario transport authority Metrolinx ordered  36 more double-deck coaches from Bombardier Transportation to bolster GO Transit services in the Toronto area

September 2019– A patent-pending Tsunami Gate door system which could allow shippers to customize grain discharge speeds from a covered hopper wagon is being developed by Greenbrier Companies.

June 2019– Dallas Area Rapid Transit awarded a $199 Million contract to supply eight Flirt diesel multiple-units for Regional Rail project in the northen suburbs of Dallas

May 2019– Southern California Regional Rail Authority awarded a joint venture of Talgo and Systra a contract worth  $138 Million for the refurbishment of up to 121 Bombardier Bi-level coaches used on Metrolink commuter services

April 2019- The City of Ottawa and TransitNEXT consortium leader SNC Lavalin  declared Stadler the winner of a contract to supply seven four-car Flirt diesel-electric multiple-units.

ROLLING STOCK MARKET IN NORTH AMERICA COMPETITIVE LANDSCAPE

 

SI NoTimelineCompanyUpdates
1H1-2021/22AlstomThe half year sales of Alstom at the end of July 2021 was €7.4 billion and in 2020 the sales was €6.5 billion.
2Annual reportKinkisharyoThe year ended in March 2021 had a net sales of ¥49.41 billion and in 2020 the net sales was ¥41.05 billion.
39M-2021CAF GroupThe revenue of CAF Group at the end of the first three quarters was €2.03 billion and in 2020 the revenue was €1.81 billion.
4March 2021Wabtec CorporationWabtec Corporation has announced that it has signed an agreement to acquire Nordco, a leading North American supplier of new, rebuilt and maintenance of ultrasonic rail flaw detection technologies.

Among the operational LRV(excluding metro) fleet in North America, Siemens is the biggest supplier of LRVs with 32% share(1,000 units) of total LRV. Total North America LRV fleet, as of Dec 2019-3,200 units

 

Kinki Sharyo Co.(based in Japan) has been providing LRV(Tram) carriages to the U.S. cities for more than 3 decades now. It has ~590 carriages in operation or ~20% of total LRV fleet in US

In Mexico, the state of Nuevo León awarded China based CRRC a contract to supply 26 articulated light metro train-sets to Monterrey.

 THIS ROLLING STOCK MARKET IN NORTH AMERICAREPORT WILL ANSWER FOLLOWING QUESTIONS

  1. Rolling Stock Market In North America size and forecast of Rolling stock market in US and Canada, by application and product type
  2. Opportunity for traction motor, HVAC, signaling, pantograph, seats and auxiliary suppliers in the rolling stock market in North America
  3. Details on new rolling stock development and infrastructure upgradation of US and Canada rolling stock market
  4. Rolling Stock Market In North America share of major vendors,2021,
  5. Inroads made by CRRC in North America rolling stock market and how it will affect the competitive landscape in future
  6. Key criterion for rolling stock vendor selection by US and Canada rail operators

Companies mentioned