Description
INTRODUCTION
Rolling stock is recognised as one of the most affordable modes of transportation for commuters as well as for long-distance delivery of large or bulky objects. Additionally, it offers a higher carrying capacity than conventional forms of transportation and is straightforward to adjust to the particular needs of the user.
Due to rail networks being damaged during Covid-19 lockdowns, South Africa is having issues with its rolling stock. The lack of locomotives and rolling stock also prohibits the South African rail system from being used to its full potential.
Although state-owned companies have begun opening up its rail network to private operators, there are still difficulties.
The ability of South Africa to provide private operators with cutting-edge, bespoke locomotives and spare parts gives the nation the chance to make the most of its rolling assets. One of the most cheap means of transportation for commuters and long-distance delivery of heavy or large items is rolling stock.
It is also simple to modify to the specific demands of the user and offers a higher carrying capacity than traditional modes of transportation.South Africa is experiencing problems with its train stock as a result of the rail networks being harmed during Covid-19 lockdowns.
Another obstacle to the South African rail system’s full use is the lack of locomotives and train stock. Even while state-owned businesses have started to let private operators use their train network, there are still issues. South Africa has the opportunity to maximize the use of its rolling assets to its capacity to offer private operators modern, custom locomotives and spare parts.
KEY FINDINGS
In South Africa, since railways are losing out to road transport both in passenger and freight transport, the government is trying to revitalize the railways with rolling stock fleet renewal programme. The South African Government is planning to spend R900 billion by 2027 on rail infrastructure
Although Freight wagons account for 87.3 % of the rolling stock manufacturing every year, due to low individual pricing they account for only 15% of the overall market size by revenue. On the other hand EMUs which accounts for 4.7% of the volume manufactured accounts for 65.4% of the overall revenue
AI-based tools and machine learning, combined with large-scale data collection and analysis, are being used to exhibit new insights that could lead to better decision making and strategic business outcomes.
The use of big data in the rail sector lays the foundation for train communication, predictive analytics, asset management, passenger information systems, and data management platforms.
Automated tracking is advancing, and railroads will have to take the same route. Apart from being economic, it would also increase the velocity on their networks, due to the smart control of rolling stock.
In South Africa, the electric trains operated by the Passenger Rail Agency of South Africa (PRASA) use the pantograph system. PRASA operates electric trains in major cities such as Cape Town, Johannesburg, Durban, and Pretoria.
Transnet Engineering is a major supplier of car body shells in South Africa. It even supplies to private players like Alstom for their TRAXX Africa Class 23 locomotive
Technological trends such as smart seating systems are gaining popularity in the Global Railway market. Advanced seat systems employ smart monitoring technologies to enhance passenger comfort and safety.
SOUTH AFRICA ROLLING STOCK MARKET SIZE AND FORECAST
The South Africa Rolling Stock Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
SOUTH AFRICA ROLLING STOCK MARKET MARKET DYNAMICS
The Passenger Rail Agency of South Africa (PRASA) has awarded a contract to the Alstom-led joint venture Gibela to supply 600 X’Trapolis Mega passenger trains (3,600 coaches) over a ten-year period. This is one of Alstom’s largest rail projects. A local manufacturing facility will also be built, along with technical support and an 18-year supply of spare parts.
The recapitalization effort has been started by DCD Rolling Stock, a branch of the global manufacturing and engineering firm DCD Group with headquarters in Johannesburg. The investment comes at a time when local procurement in the rail industry is being urged, and South Africa is purchasing new locomotives and passenger trains through state-run Transnet and the Passenger Rail Agency of South Africa (Prasa).
The railway sector in South Africa and the rest of the continent appears to be poised for substantial expansion despite years of decline. For this reason, it’s critical that DCD Rolling Stock invest in its infrastructure and workforce in advance.
Gibela, a joint venture run by Alstom, has been given a contract by the Passenger Rail Agency of South Africa (PRASA) to provide 600 X’Trapolis Mega passenger trains (3,600 coaches) over a ten-year period. One of Alstom’s biggest rail projects is this one. In addition, a local manufacturing plant will be constructed, offering technical assistance and an 18-year supply of replacement parts.
DCD Rolling Stock, a division of the international manufacturing and engineering company DCD Group with headquarters in Johannesburg, has launched the recapitalization initiative.
The investment comes at a time when South Africa is buying new locomotives and passenger trains through the state-run Transnet and the Passenger Rail Agency of South Africa at a time when local procurement in the rail industry is being encouraged (Prasa).
Despite years of stagnation, the railway industry in South Africa and the rest of the continent seems to be positioned for significant expansion. DCD Rolling Stock must therefore make early investments in both its staff and infrastructure.
NEW PRODUCT DEVELOPMENT IN SOUTH AFRICA ROLLING STOCK MARKET
Afrail Express is a flagship development project between Zurich, Swizerland- based Afrailways and Oshakati, Namibia- based Groot Suisese Industries. The construction of the Afrail Express. The construction of the high speed Afrail express is expected to begin by June 2024
African Export-Import Bank (Afreximbank) renewed a partnership agreement with South Africa-based Thelo DB Proprietary Limited, signing a memorandum of understanding (MoU) to support railway corridor and network development, operations, including the opportunity to expand infrastructure and enhance operational efficiencies of existing networks. The MoU, which was first entered into in 2019, aims to promote trade and investment flows on the continent through coordinated intervention in Africa’s railway sector.
The Gautrain is a high-speed rail system that serves the Gauteng province, including the cities of Johannesburg and Pretoria. It provides a reliable and convenient mode of transportation for commuters and has helped alleviate congestion on the roads.
Transnet has been implementing various modernization projects to upgrade and expand the rail infrastructure. These initiatives aim to improve efficiency, increase capacity, and enhance the safety and reliability of the network. Transnet has procured new locomotives and rolling stock to enhance its fleet and improve operational capabilities. The acquisition of new trains allows for increased capacity and improved service delivery.
SOUTH AFRICA ROLLING STOCK MARKET MARKET SEGMENTATION
South Africa Rolling Stock Market By Vehicle Type
Freight wagons
High Speed Rail
MSR
LUR
Locomotive
South Africa Rolling Stock Market By Component
Electrical(HVAC, Lighting, Wiring Harness)
Driveline(Bogie, Brakes, Suspension)
Car Body
Interiors
South Africa Rolling Stock Market By Demand Type
New
Replacement
SOUTH AFRICA ROLLING STOCK MARKET COMPANY PROFILES
- Gibela
- CRRC Corporation Limited
- Alstom Ubunye
- Transnet Engineering
- Vossloh
- Wabtec
- TMH Africa
THIS SOUTH AFRICA ROLLING STOCK MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
- How many Rolling Stock are manufactured per annum in South Africa? Who are the sub-component suppliers in different regions?
- Cost breakup of South Africa Rolling Stock and key vendor selection criteria
- Where are the Rolling Stock manufactured? What is the average margin per unit?
- Market share of South Africa Rolling Stock market manufacturers and their upcoming products
- The cost advantage for OEMs who manufacture Rolling Stock in-house
- key predictions for the next 5 years in the South Africa Rolling Stock market
- Average B-2-B Rolling Stock market price in all segments
- Latest trends in the South Africa Rolling Stock market, by every market segment
- The market size (both volume and value) of the South Africa Rolling Stock market in 2023-2030 and every year in between?
- Production breakup of the Rolling Stock market, by suppliers and their OEM relationship
- What are the regulatory frameworks governing the rolling stock industry in South Africa?
- What is the level of investment in the development and maintenance of railway infrastructure in South Africa?
- What are the latest technological advancements in rolling stock manufacturing and design?
- What are the preferences of railway operators and other customers in South Africa when it comes to rolling stock?
- What are the key challenges facing the rolling stock industry in South Africa?
