Rail Components Market Share

Market Share of Rail Components Industry

The rail components market is consolidated due to the presence of major players in the market, such as Siemens AG, Bombardier Inc., CRRC Corporation Limited, Alstom, and Hitachi. The market witnessed various growth strategies, such as acquisitions, mergers, and collaborations, adopted by market players over the past few years. Major players in the market are focusing on expanding their product portfolio to augment their revenue share. For instance:

• In February 2019, GE announced the completion of its merger with Wabtec for USD 2.9 million in cash and Wabtec nonvoting convertible preferred stock.
• In December 2019, Bombardier won a EUR 26.8 million contract for refurbishment, maintenance, and upgradation of 59 bombardier Swedish Regina Electric Multiple Units Fleet.
• Hyundai Rotem signed a maintenance contract extension with the Ukraine Railway Speed Company (URSC). The contract covers 90 trains and is valued at KRW 64.8 billion (around EUR 50 million). It is a five-year extension of a deal beginning in 2022 and running through to 2027.

Rail Components Market Leaders

1. CRRC Corporation Limited

2. Siemens AG

3. Alstom SA

4. Bombardier Inc.

5. Hitachi Ltd

*Disclaimer: Major Players sorted in no particular order