International Railway Journal - October 2008 - (Page 4) News extra Global rail market now worth The world market for railway equipment and services has achieved strong growth in the last two years, with the market for equipment recording growth of 11%. The overall market now has an annual volume of almost €125.5 billion, says SCI Verkehr, Germany, in its latest assessment of how the market is performing. T HE study of the world railway market covers the period 2009-13, and while SCI Verkehr regards the strong growth of the last two years as a boom, it still predicts growth of around 4.5% a year during the next five years to reach around €157 billion in 2013. “Globally, the demand for mobility and in particular rail transport is growing,” says SCI Verkehr. “The market for railway technology is experiencing an immense upheaval as a result of increasing environmental awareness, deregulation and internationalisation and has grown at a rapid pace in the recent past. Growth will continue up to 2013, driven not only by increasing procurement of equipment, but also by advances in quality and technology.” In addition to further moderate growth in demand for rolling stock, SCI Verkehr expects sales of highquality railway products and services to increase. In order to give an accurate picture as possible of the trends in the regions and market segments, price increases have been taken into account in the forecasts made in the study. “We have also Worldwide division of the three product segments Rolling stock 11% Infrastructure Systems technology 30% 59% Total volume: €125.5 billion p.a. © SCI Verkehr GmbH Rolling stock 2008 Infrastructure 2008 Systems technology 2008 32% 50% 50% 68% 43% 57% OEM business 4 After sales services taken into account forecast price increases for raw materials and energy in the procurement markets,” it says. Both original equipment manufacture (OEM) business and the after sales market in the fields of rolling stock, systems technology and infrastructure have seen significant growth. In 2006 the market volume calculated by SCI Verkehr totalled €97 billion. “The high rate of growth to reach the current figure of €125.5 billion is clear, although a direct comparison with the figures from 2006 is not possible due to a number of changes we have made to our methods. “For the first time in 2008 we show the entire market volume for infrastructure, ie both the accessible and the not (yet) accessible market volume. Furthermore, to enable more effective comparisons with the annual company data, we now include price increases.” With a share of 30%, Western Europe remains the most important market region. However, the gap between Western Europe and Asia has closed considerably in the past two years. The markets with the highest growth up to 2013 will be Asia and countries belonging to the Commonwealth of Independent States (CIS) such as Russia and Kazakhstan. The market for rolling stock will grow in the next five years by an average of 4 to 5%. Urban transport and highspeed rail vehicles will lend momentum to this growth. Further investments are also being made in freight vehicles. The largest individual market is for freight wagons with a volume of about €11 billion. The market for infrastructure and systems IRJ October 2008
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