Rail activities revenue of selected rolling stock manufacturers 2020
Rolling stock refers to any vehicle able to move on a railway. Broadly, this can be categorized into passenger cars, freight cars, and the locomotives which pull them. Asia and Europe (including Eastern and Western Europe) are the two largest markets, with both being over double the size of North America in 2018. Short term growth is expected to be highest in the more underdeveloped markets of Africa, Australia and the Middle East, however European and North American growth predictions are not far behind.
In 2020, CRRC remained somewhat uncontested as the largest global manufacturer of rolling stock, with the combined revenues of Alstom and Bombardier trailing over four billion euros behind . In 2020, CRRC sold around over 46,100 units, including some 9,500 rapid transit and metro vehicles and just under 33,900 freight wagons. This allowed the company to employ around 164,200 people and generate close to 228 billion yuan (just under 36 billion U.S. dollars) in revenue.