ROLLING STOCK MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In February 2023, Stadler Rail AG, a leading global manufacturer of railway vehicles and systems, announced a partnership with the ASPIRE Engineering Research Center at Utah State University to develop and test a battery-powered passenger train based on Stadler's FLIRT Akku platform.
• In February 2023, Stadler Rail AG, a leading global manufacturer of railway vehicles and systems, announced the acquisition of BBR Verkehrstechnik GmbH (BBR), a Germany-based company specializing in railway safety solutions, and its group companies. The move aims to expand Stadler's in-house expertise in signaling technology and digitalization, allowing the combined entity to offer innovative signaling solutions that drive the digitization of the global rail industry.
• In January 2023, Siemens Mobility, a separately managed company of Siemens AG focused on intelligent transport solutions, announced a historic Rs 26,000 crore (approximately €3 billion) contract with Indian Railways to deliver 1,200 electric freight locomotives. This single largest locomotive order in the history of Siemens Mobility and Siemens in India will see the company design, manufacture, commission, and test the 9,000 horsepower locomotives at its facilities in India.
• In November 2022, Siemens Mobility, a leading global provider of rolling stock, rail automation and electrification systems, announced the establishment of a state-of-the-art rail bogie manufacturing facility in Aurangabad, India. The new plant, which represents an investment by Siemens, can fulfill a single export order for over 200 bogies based on the proven SF30 Combino Plus global design concept.