A Brief Comparative Insight on the Developments of International and Chinese Railway Equipment Manufacturing Industries (2014)
The railway equipment manufacturing industry in China mainly consists of the Electric Multiple Units, railway freight cars, and locomotives as per with the China’s railway planning. The great railway carriers and bullet trains are the key focus areas of the expansion policies of China’s railway equipment manufacturing industry. The hiatus of locomotive manufacturing industry between China and advanced nations is rather huge, particularly in the high-power electrical locomotive and Electric Multiple Units. Following a technology acquisition, China has procured the high-power electrical trains, diesel trains and 200 km per hour Electric Multiple Units. Currently, the concentration proportions of the components of an electric train and Electric Multiple Units have touched 70% and 75% respectively on the basis of assimilating foreign innovative technologies.
On the other side, the international railway equipment manufacturing industry is having an extra controlling edge like situation. The unification of trains and railway car plants has reorganized international railway equipment market that global railway equipment goliaths have subjugated additional market share. Currently, there are three global titans of the worldwide locomotive and railway car plants—Siemens from Germany, Alstom from France and Bombardier from Canada. They are having 55% of overall worldwide market share and advanced technology and higher market concentration. Bombardier is having the major market share of international railway equipment market and Alstom has a gain on Electric Multiple Units and electrical locomotive market.
Though China has a large number of railway equipment manufacturers and their products are also comparatively different, but the downsides are that they generate a velocity of less than 200 km per hour general locomotive’s depleted final goods and their assembly size is excess and price competition is also in turmoil; and there is a dearth of excellent blueprint and production capability of cutting-edge technology of railway equipment that cannot catch up with the requirements of high-end goods. In relation to the current situation of railway equipment industry in China, they still have a low level of technology. As a result of which, their government policies are boosting the induction of forward-looking technology. The Chinese government adopted a measure to shell out a lot of money through global collaboration with international principal manufacturers to initiate high-end goods and absorbing advanced manufacturing technology. They have invested 10 billion Yuan in order to procure progressive transnational technology for public businesses and to enhance their technical competence. Now, the high-speed railway equipment industry is the precedence of China’s governmental policy.
On the other side, the international railway equipment manufacturing industry is having an extra controlling edge like situation. The unification of trains and railway car plants has reorganized international railway equipment market that global railway equipment goliaths have subjugated additional market share. Currently, there are three global titans of the worldwide locomotive and railway car plants—Siemens from Germany, Alstom from France and Bombardier from Canada. They are having 55% of overall worldwide market share and advanced technology and higher market concentration. Bombardier is having the major market share of international railway equipment market and Alstom has a gain on Electric Multiple Units and electrical locomotive market.
Though China has a large number of railway equipment manufacturers and their products are also comparatively different, but the downsides are that they generate a velocity of less than 200 km per hour general locomotive’s depleted final goods and their assembly size is excess and price competition is also in turmoil; and there is a dearth of excellent blueprint and production capability of cutting-edge technology of railway equipment that cannot catch up with the requirements of high-end goods. In relation to the current situation of railway equipment industry in China, they still have a low level of technology. As a result of which, their government policies are boosting the induction of forward-looking technology. The Chinese government adopted a measure to shell out a lot of money through global collaboration with international principal manufacturers to initiate high-end goods and absorbing advanced manufacturing technology. They have invested 10 billion Yuan in order to procure progressive transnational technology for public businesses and to enhance their technical competence. Now, the high-speed railway equipment industry is the precedence of China’s governmental policy.
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