Leading manufacturers of high-speed rolling stock worldwide 2022
In 2022, the Chinese rolling stock manufacturer CRRC Corp. Ltd. dominated the market for high-speed rail rolling stock with a market share of 56 percent. Other world-leading rolling stock manufacturers for this segment include European manufacturers, such as Alstom, and Siemens – with around 15 and 7 percent of the market respectively – as well as the Japanese manufacturer Hitachi Rail, which had a market share of about five percent.
Global rail rolling stock leader CRRC Corp Ltd.
CRRC Corp Ltd. is not only the largest high-speed rail rolling stock manufacturer but the largest overall rail rolling stock manufacturer worldwide. While railway equipment constitutes the largest share of its revenue, the company also produces transit rail vehicles and urban infrastructure, as well as investing in other business segments. The vast majority of its revenue is derived from mainland China.
Russia leads passenger coach manufacturing
In comparison to the high-speed rolling stock market, the passenger coach rolling stock market is far more diversified. The leading passenger coach manufacturer, the Russian manufacturer TMH, held only 16 percent of the market in 2022. CRRC Corp. Ltd., is also among the market leaders, however, with a market share of only three percent.