China's railway transport system is owned and operated by the government. As a result, government investment in rail transportation is crucial for the long-term development of the Railway Equipment Manufacturing industry.China's Ministry of Railways is the main purchaser of industry products, which are largely supplied by state-owned operator, CRRC Corporation Limited. The dominance of the company makes this industry a virtual duopoly; together, it accounts for about 87.3% of total industry revenue.A recovery in government railway investment and growing demand for railway products will lead to an increase in revenue. Industry revenue in 2018 is estimated to total $33.8 billion, up 2.5% from 2017, and reflecting annualized growth of 6.6% over the past five years...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Report - Industry Products Chapter

LocomotivesLocomotives are estimated to account for 28.0% of industry revenue in 2018. This category includes electric, steam, and diesel locomotives.Freight carsFreight cars are expected to account for 24.0% of industry revenue. This segment includes covered cars, open-freight cars, hopper cars, railway flat cars, depressed-center flat cars, rail tankers for liquids and chemicals, subway trains, railway flat cars and rail tankers.China Railway high-speed trains (CRH)CRH trains make up 19.0% of total industry revenue. Pricing for CRH trains is relatively high due to more sophisticated technologies involved. This category includes electric multiple units and diesel multiple units...purchase to read more.

Additional Insights for the Railway Equipment Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Railway Equipment Manufacturing Industry are

  • Effective cost controls
  • Undertaking technical research and development
  • Ability to forward sell production when appropriate
  • IBISWorld analysts also discuss how external factors such as Government Purchasing Policy - Transport Equipment and Competition from other Industries in the Railway Equipment Manufacturing industry impact industry performance..

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    What's in this report

    What is the Railway Equipment Manufacturing Industry?

    The Railway Equipment Manufacturing industry in China consists of operators that manufacture railway equipment for the transport of passengers and cargo.

    Industry Products
  • Locomotives
  • Passenger trains
  • Freight cars
  • CRH trains
  • Subway trains
  • Other trains
  • Industry Activities
  • Passenger and freight train
  • Subway train
  • China Railway high-speed (CRH) train
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Government Purchasing Policy - Transport Equipment
  • Competition from other Industries
  • Internal Population Migration
  • Real GDP
  • Import Competition - Transport Equipment mfg

  • Current Performance
    Exports and importsEntry of foreign capitalTechnology introduction
  • Chart: Revenue Growth

  • Industry Outlook
    Industry structureExports and imports
  • Table: Railway Equipment Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Railway Equipment Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Passenger Rail Transport
  • Freight Rail Transport
  • Subway, Light Rail & Cable Car Transport

  • Key Selling Industries
  • Iron & Steel Casting
  • Iron and Steel Smelting

  • Products & Services
  • Locomotives
  • Freight cars
  • CRH trains
  • Passenger trains
  • Subway trains
  • Other trains
  • Chart: Railway Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • China Railway
  • Subway companies
  • Exports
  • Other
  • Chart: Major Market Segmentation for the Railway Equipment Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Railway Equipment Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Railway Equipment Manufacturing Industry

  • Industry Globalization
    CRRC Corporation Limited, China North Industries Group Corporation, China Shipbuilding Industry Corporation,
  • Table: CRRC Corporation Limited - financial performance
  • Table: China North Industries Group Corporation - financial performance
  • Table: China Shipbuilding Industry Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Railway Equipment Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Railway Equipment Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Total Assets (2009-2023)
  • Rail Passenger Car Output (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    China Railway High-Speed (Crh) Trains
  • Trains of average speed of 124 miles per hour operated by China Railways on its high-speed rail network.
  • Rolling Stock
  • The collective term that describes all the vehicles that move on a railway.
  • Subway
  • Rapid underground transit systems, usually built in downtown areas when land above ground is not available.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Railway Equipment Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
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    This report on Railway Equipment Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Railway Equipment Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Railway Equipment Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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