Description
INTRODUCTION TO SOUTH KOREA ROLLING STOCK MARKET
Locomotives, powered and non-powered carriages, waggons, multiple units, and other track-bound vehicles are all considered to be rolling stock and are utilised on the railroad for both passenger and freight operations.
Technically, rolling stock refers to any vehicle used by a passenger transport company to provide a passenger service that runs on or uses a railway track or tramway track, including a locomotive, carriage, rail car, road/rail vehicle, trolley, and waggon, but excludes any vehicle built to run on and off a railway or tramway track when it is not running on one.
SOUTH KOREA ROLLING STOCK MARKET PARTNERSHIP
A contract for the supply of several coaches for the Ahmedabad metro has been given to the South Korean company Hyundai Rotem.
According to a Metro-Link Express press release between Gandhinagar and Ahmedabad, Hyundai Rotem would initially provide a few trains, each with three cars, for Phase I of the project.
The company’s Changwon plant in South Korea will produce these trains, and they’ll be supplied quickly. Sources claim that Hyundai Rotem was the lowest bidder, beating out firms with Indian manufacturing facilities including Bombardier and Alstom.
Bombardier, which has a metro coach manufacturing facility in Savli, close to Vadodara, was the highest bidder.
On Wednesday, representatives from the South Korean company also travelled to Gandhinagar to talk about the specifics of the metro trains’ design and specs.
According to the official release, the new trains should be able to operate in autonomous Unattended-Train-Operation mode like the Delhi metro’s new rolling equipment.
SOUTH KOREA ROLLING STOCK MARKET SIZE AND FORECAST
The South Korea 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 KOREA ROLLING STOCK MARKET COMPANY PROFILE
- Hyundai Rotem Company
- Kawasaki Heavy Industries, Ltd.
- Siemens
- CJSC Transmashingholding
- Stadler Rail AG
THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS
- What is the average cost per South Korea Rolling Stock Market right now and how will it change in the next 5-6 years?
- Average cost to set up a South Korea Rolling Stock Market in South Korea?
- How many South Korea Rolling Stock Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- What is happening to the overall public, globally?
- Cost breakup of a South Korea Rolling Stock Market and key vendor selection criteria
- Where is the South Korea Rolling Stock Market manufactured? What is the average margin per equipment?
- Market share of South Korea Rolling Stock Market manufacturers and their upcoming products
- The most important planned South Korea Rolling Stock Market in the next 2 years
- Details on a network of major South Korea Rolling Stock Market and pricing plans
- Cost advantage for OEMs who manufacture South Korea Rolling Stock Market in-house
- 5 key predictions for the next 5 years in South Korea Rolling Stock Market
- Average B-2-B South Korea Rolling Stock Market price in all segments
- Latest trends in South Korea Rolling Stock Market, by every market segment
- The market size (both volume and value) of South Korea Rolling Stock Market in 2024-2030 and every year in between?
- Global production breakup of Title Name, by suppliers and their OEM relationship
