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High-Speed Trains and the Outlook for Railway Equipment Volume 1 -- Global Markets, Competitors, Technologies: 2012-2022 Analysis and Forecasts

Abstract

Interest is growing in railways across the globe. Global demand for railways is increasing, as plans to construct high-speed rail links come to the fore in China, Europe and the US as part of a modal shift toward using mass transportation systems that have less environmental impact. In terms of transportation modes, railways now have the edge in energy efficiency and environmental friendliness.

Rail infrastructure is needed in both industrialized nations and emerging economies. Major countries are now increasing railway infrastructure investment.

This report provides an in-depth look at the global railway infrastructure market including:

  • Why rail is getting renewed attention.
  • Role of urbanization, energy efficiency and environmental factors.
  • Increasing rail infrastructure investment.
  • Detailed analysis of the global rail infrastructure market by segment from 2012 to 2022.
  • Key strategic issues.
  • Regional trends.
  • Political risks.
  • New technologies.
  • Major opportunities.
  • Competitive landscape.
  • Top players in the market.

The report includes 50 figures and 19 tables.

Table of Contents

CONTENTS

EXECUTIVE SUMMARY

INTRODUCTION

  • Background
  • Methodology and Sources
  • Statistical Notes

RAILWAY INFRASTRUCTURE INDUSTRY

  • Railways Are Getting Renewed Attention Worldwide
  • Railways Meet Current Requirements for Means of Transport
  • Energy Efficiency
  • Increasing Need for Efficient Transport
  • Need for Transport to be Environment-Friendly
  • Worsening Pollution Problems in Cities in Emerging Regions
  • Need for Energy Efficiency
  • Sharp Rise in Crude Oil Prices Spurring Policy Measures
  • Need to Shift to Energy Efficient Society
  • Railways Can Solve These Three Problems Simultaneously
  • Capacity Greater Than Other Forms of Transport
  • Railways Edge in Energy Efficiency and Environmental Friendliness
  • Disadvantages of Rail Travel Disappearing
  • Infrastructure Needed in Both Industrialized Nations and Emerging Economies
  • Global Railway Infrastructure Market
  • Total Market
  • Accessible Market
  • Segments: Rolling Stock, Infrastructure, Control Systems, Services
  • Accessible Market by Segment
  • Market by Region
  • Signalling Is The Most Attractive Segment
  • Competition Heating Up In International Markets
  • Urban Railways and Intercity Railways
  • Passenger Railways
  • Many Small Urban Rail Projects and Few Large High-Speed Rail Projects
  • Four Types of Urban Railways
  • New Transportation Systems Make Driverless Operation Possible
  • LRT Systems Have Low Construction Costs
  • Selection That Meets Cities' Transport Needs Is Possible
  • Major Markets in the Future for LRT Systems and Subways
  • Subway Building Rush in East Asia
  • Major Cities in Southeast Asia Are Lagging in Rail Infrastructure New Means of Transportation Such as Subways in Demand
  • Japanese ODA to Support Construction Plan for Ho Chi Minh City
  • MRT Construction in Jakarta
  • Chinese Subways
  • Demand for LRT Systems in Europe and the US
  • European Market Dominated by the Three Majors
  • US LRT Market Growing
  • LRT Systems in Japan
  • High-Speed Railways Developing Worldwide from Origins in Japan and Europe
  • High-Speed Railways Began with Japan's Shinkansen
  • Development in Parts of Japan and Europe
  • Introduction of High-Speed Rail in Korea and Taiwan
  • High-Speed Rail Link Between Beijing and Tianjin in China
  • High-Speed Rail Link Between Beijing and Tianjin in China
  • 10 Countries and Regions Have High-Speed Railways
  • New Rolling Stock Makers in Countries That Have Introduced High-Speed Railways
  • High-Speed Railway Construction Plans in Each Country
  • China's Four East-West Lines and Four North-South Lines Plan to Link Major Cities
  • China Plans Major High Speed Rail investment
  • Risks for Participating Foreign Companies
  • Chinese Parts Makers Increased Role
  • US Railways Are Mainly for Freight Not Passenger Traffic
  • US Passenger Transportation is Limited
  • President Obama Announced High-Speed Railway Plan
  • Vice-President Biden Has Pushed Railway Policy
  • Japanese Companies Likely to Win Orders from US
  • Local Production Could Be A Condition
  • Issues Remain in Terms of Funding
  • Current Spending Insufficient
  • US and Chinese Plans Are Ambitious But Both Carry Risks
  • Japan Likely to Compete with Six Countries in Overseas Projects
  • Shinkansen, TGV and ICE Differ
  • Shinkansen's Advantages
  • Punctuality
  • Inbound/Outbound Track Vs. Bi-directional Track in Europe
  • Departures
  • Safety
  • Natural Disasters
  • Geographical Conditions
  • Speed Issues
  • Countries Want Operating Speeds of 350km/h Alstom's AGV
  • Kawasaki Heavy Industries efSET
  • Raising Shinkansen Speed
  • International Technical Standardization for Railways
  • CER
  • UITP
  • UIC
  • WCRR
  • International Railway Organizations Are European Based
  • International Technical Standardization for Railways
  • What Does Standardization Mean
  • ISO and IEC Standards
  • CEN and CELENEC
  • Shift from UIC to ISO and IEC
  • Railway Systems Vs. Individual Hardware Standards
  • International Vs. European Standards Adoption
  • Japan Has Its Own Standards
  • Japan Uses Individual Hardware Standards
  • Japan Cannot Afford to Ignore International Standards
  • International Standards Needed When Exporting
  • Establishing European Technology as the Global Standard
  • Scramble for Leadership in Standardization
  • Competition Shifting from Technological Development to Capturing Market Share
  • Opportunity for Japanese Companies to Boost Earnings
  • Four Main Types of Railway Contract
  • Margins Highest on Type D Contracts
  • Most Contracts for Japanese Companies Are Type A
  • Requirements for Winning Type C and D Contracts
  • Three French Companies Join Forces Globally
  • Cooperation with Rail Operators Essential
  • Consulting Capabilities Importance
  • Public-Private Initiatives Needed
  • Some Progress Evident
  • STEP Scheme for ODA Loans
  • Taiwan High-Speed Rail Project
  • Dubai Metro Project
  • Brazilian High-Speed Rail Project
  • Indian Freight Rail Project
  • California High-Speed Rail Project
  • Rolling Stock Market Features and Overseas Competition
  • Diverse Components, Limited Production Runs
  • Steel Frames Giving Way to Aluminum Alloy
  • Average Carriage Prices
  • Five Main Rolling Stock Manufacturers in Japan
  • Japanese Manufacturers Vs. The Big 3
  • Japanese Manufacturers Difference
  • High-Speed Rolling Stock Market Shares
  • Operating Margins

CHINA RAILWAY INFRASTRUCTURE

  • Grow For At Least Next 8 Years
  • Ministry of Railroads Expansion Targets
  • Continuous Density Improvement
  • Chinese Rolling Stock Market
  • Chinese Rolling Stock Refurbishment Market
  • Chinese Multiple Units Market
  • Chinese Locomotive Market
  • Chinese Rapid Transit Vehicle Market
  • Chinese Overseas Expansion: Significant Long-Term Potential
  • Improvement in the Financial Situation
  • Medium-Term Outlook
  • 2011 Infrastructure Spending
  • Funding Gap for Completion of On-Going Projects
  • Downgrade of High-Speed Railway Lines in Favor of Cargo Lines
  • 12th Five-Year Plan
  • 2012 Infrastructure Spending
  • Potential Downside Risk to Margins for Railway Construction
  • Major Railway Projects Under Construction

HIGH-SPEED RAIL

  • Overview
  • Definition
  • History
  • Early Research
  • Breakthrough: The Shinkansen
  • Revival in Europe
  • High-Speed Rail Technology
  • Common Standards
  • High-Speed Lines
  • High-Speed Trains of World
  • High-Speed Rail by Country
  • Planned High-Speed Rail
  • Speed Record
  • Maximum Speed in Service
  • Target Areas for High-Speed Trains
  • Optimal Distance
  • High-Speed Rail in China
  • Technology Transfer Issues
  • Wenzhou Train Collision on the Yongtaiwen Railway Line
  • Suppliers for the Yongtaiwen Line
  • Wenzhou Outcome
  • Impact on Chinese High-Speed Rail Exports
  • Chinese High-Speed Rail Build-Out
  • Global High-Speed Rail Network Growth

FIGURES

  • Rapid Urbanization in Emerging Economies
  • Rapid Increase in Megacities in Emerging Economies
  • Population and Particulate Matter Levels in World's Major Cities: 2007
  • Trains Capacity to Transport Vs. Other Modes of Transport
  • Railway Energy Consumption and CO2 Emissions Vs. Other Modes of Transport
  • Planned Infrastructure Investment in G20 Stimulus Measures: 2009-2010
  • Major Countries and Regions That Have Announced Investment In Railway Infrastructure
  • Global Railway Infrastructure Total Market: 2007
  • Global Railway Infrastructure Accessible Market: 2007-2016
  • Global Railway Infrastructure Accessible Market by Segment: Rolling Stock, Infrastructure, Control Systems, Services: 2007-2016
  • Global Railway Infrastructure Market Growth by Segment: 2007-2016
  • Global Railway Infrastructure Market by Region (China, Asia ex-China, Latin America, North America, CIS, Europe): 2005-2010, 2011-2016
  • Global Railway Infrastructure Market Shares by Company: 2002 Vs. 2010
  • Classification of Railways by Purpose of Transport
  • Types of Urban Railways
  • Subways in Major Cities in Industrialized Countries (Population, Passengers): 2007, 2025
  • Transportation Market Breakdowns for Major Cities in East Asia by Mode
  • Length of High-Speed Railway Lines Worldwide
  • Chinese Freight and Passenger Volumes: 1952-2008
  • China's High-Speed Rail Network Plan
  • Chinese Government Spending on Railways: 1998-2010
  • US and Other Developed Countries Passenger Vs. Freight Traffic: 2006
  • Passenger Volume in Various Countries by Mode of Transport
  • US High-Speed Rail Development Plan
  • High-Speed Rail Trend for Maximum Speed in Service: 1960-2010
  • Four Types of Railway Contracts
  • International Rail Infrastructure Business Models Vary in France and Japan
  • Taiwan High-Speed Rail Project Details
  • Dubai Metro Project Details
  • Major Projects in Brazil, India, and the US
  • Projected Schedule and Details for Major Rail Projects: 2009-2016
  • Indian Dedicated Freight Corridor Project
  • Indian Dedicated Freight Corridor Project Cost Calculations (2007) for Rolling Stock and Signaling/Communications Systems
  • California High-Speed Rail Project and Cost Calculations
  • Rolling Stock Production Company Market Shares: 2001 - 2006
  • Company Shares of Rolling Stock Production for High-Speed Railways: 2004 - 2008
  • China Railway Network (000 KM): 2007-2020
  • China Railway High-Speed Railway Network (000 KM): 2007-2020
  • China Urban Railway Network (000 KM): 2007-2020
  • China's Rapid and Sustainable Urbanization Ratio: 1955-2020
  • China Rolling Stock Market (Rmb Billion): 2005-2020
  • China Rolling Stock Refurbishment and Growth (Rmb Billion): 2009-2020
  • China Rolling Stock Industry Market Share (%) by Product Type (Multiple Units, RTVs, Locomotives, Freight Wagons, Passenger Carriages): 2009-2020
  • Chinese Multiple Units in Use (Volume) and Density (Unit/Km Railway); 2011-2020
  • China MU Demand (Rmb Billion) and Growth (%), OEM Vs. Refurbishment: 2009-2020
  • Chinese High-Power Locomotives in Use (Units) and Growth Rate (%): 2009-2020
  • Chinese Electrified Lines in Use (Units) and Electrification Ratio (%): 2008-2020
  • Chinese Rapid Transit Vehicle Market-OEM Vs. Refurbishment (Rmb Billion) and Growth Rate (%): 2009-2020
  • CSR & CNR: Large Overseas Expansion Potential (Rmb Billion): 2009-2020
  • MoR's Investments in the Procurement of Railway Vehicles, 2008-2015
  • Top 3 Chinese EPC Companies' Market Shares For Railway Projects Awarded by MoR: 2006-2011
  • High-Speed Rail Lines Europe: 2011
  • High-Speed Rail Lines Asia: 2011
  • Global Growth in High-Speed Rail Networks by Region (Km): 1980-2010
  • Alstom Transport Revenues by Segment: 2010
  • Alstom Transport Revenues by Region: 2010
  • Ansaldo STS Revenue & Margin History: 2004-2013
  • Ansaldo Breda Revenue & Margin History: 2004-2013
  • Global Rail Signalling Market Share by Company (%): 2010
  • ERTMS Wayside Market Share by Company (%): 2010
  • ERTMS Onboard Market Share by Company (%): 2010
  • China Subway Signalling Market Share by Company (%): 2010
  • Length Planned for Rapid Transit System in China (KM)
  • Bombardier Transportation Revenues by Product Segment (US$ Billion): 2007-2011
  • Bombardier Revenue Diversification by Selected Developed and BRIC Countries
  • Bombardier Transportation Product Portfolio: 2011
  • Bombardier Transportation Revenues by Product Segment (US$ Billion): 2007-2011
  • Bombardier New and Existing Product Opportunities in Emerging Markets
  • Global Rail Equipment Market Shares by Company: 2008-2010 and 2007-2009
  • Bombardier Transportation Market Position by Product
  • Main Rolling Stock Export Contracts Awarded to China's Two Leading Train Manufacturers by Country, Product, Supplier and Value: 2010-2011
  • EBIT Targets (%, $) for Bombardier Transportation: 2003-2011
  • Large Bombardier Transportation Orders by Purchase Type and Value: 2010-2011
  • CNR Revenue Breakdown by Product Segment (%): 2006-2009
  • CNR Revenue Structure by Customer Type: 2006-2009
  • CNR Cost Structure by Input (%): 2010
  • CNR Production Facilities and Products Produced
  • Leading Railway Rolling Stock Producers Sales and Market Shares ($ Billion): 2009
  • CSR Revenue Breakdown by Product Segment (%): 2009-2012
  • CSR Revenue Structure by Customer Type: 2005-2009
  • CSR Cost Structure by Input (%): 2010
  • CSR Railway and Urban Rail Exposure Compared to Its Peers (Percent of Total Revenue): 2009
  • CRS vs. CNR Market Share by Rolling Stock Product Category: 2009
  • CSR vs. CNR Production Capacity by Rolling Stock Product Category (Units): 2009
  • GE Locomotive Deliveries (Units): 2005-2010
  • Market Share by Supplier of Subway Cars Owned by NYCTA: 2010
  • Subway Cars Owned by NYCTA by Years in Service: Spring 2010
  • US Rail Passenger Volume Growth Vs. US Population Growth: 1995-2010
  • NYC Rail Passenger Volume and Growth Trend (Million): 2001-2009
  • Siemens Mobility Main Production Sites, Location, Market Segments, Employees Per Site, Products and Activities
  • Rail Cars and Services Companies Market Shares in Europe: 2010, Wabtec OEM Vs. Aftermarket Sales by Segment: 2003-2010
  • Times Electric Leading Products Market Shares in China: 2011
  • Times Electric Revenue Structure by Product Segment (%): 2003-2009
  • Times Electric Cost Structure by Component: 2010

TABLES

  • Trams and LRT Vs. Subways by Region (Number): 2005-2008
  • High-Speed Railways Line Development in Japan and Europe (Year Opened, Country, Route, Length): 1964-2002
  • Countries and Regions with High-Speed Railways (Year Opened, Country, Number of Trains and Cars, Type of Cars, Top Speed, Maker): 1964-2008
  • High-Speed Railway Lines Currently Being Planned (excluding China)
  • Comparison of the Shinkansen, TGV and ICE
  • AGV and efSET Comparison
  • Big Three Market Positions Vs. Competitors for Rolling Stock by Type, Signaling Equipment, Systems and Service
  • Railway Freight and Passenger Traffic Density by Major Country in 2005
  • China Freight and Passenger Traffic Density Projections to 2020
  • China Rolling Stock Market-Locomotives, Multiple Units, Passenger Carriages, Freight Wagons, RTVs, OEM Vs. Refurbishment, (Volume, Rmb Billion, CAGR): 2009-2020
  • Ministry of Railways Funding Support for Railway Sector: 3Q 2011
  • Chinese Railway Outlook (Length, High-Speed, Non-High-Speed): 2007-2015
  • Assumptions on Chinese Railway Equipment Investment: 2011-2015
  • Major Chinese Railway Projects Under Construction (Km, Km/hr, Capex (Rmb Billion), Construction Period: 2007-2016
  • Hong Kong's Rail/Subway Projects Status
  • High-Speed Rail Standards
  • High-Speed Trains of World by Name, Operator, Family, Manufacturer, Operating Speed, Design Speed, Service, Picture: 2011
  • High-Speed Rail Networks of the World by Country, Region, In Operation (Km), Under Construction (Km), Total Country (Km), Electrification
  • China High-Speed Rail Build-Out by Line, Length (km) Investment (Rmb Billion), Status: 2011
  • Alstom Sales, Orders, Book-Bill, Organic Growth, Operating Income, Margins by Operating Segment (€ Million): 2009-2013
  • Alstom Transport Orders by Country, Value, Contract, In-Service: July 2010-October 2011
  • Bombardier's Chinese Strategy
  • Bombardier's Position in India
  • Bombardier Key Projects to be Awarded
  • Bombardier Innovative Very High-Speed Train Technologies
  • Bombardier Customer Technology Needs
  • Most Important Contracts Obtained by CAF (€ Million, Product, Units, Cars, Customer, Year Awarded): 2005-2011
  • CNR Sales Volume (Units), Revenue (Rmb Million), Average Selling Price (Rmb/Unit) and Growth by Segment (Locomotives, Passenger Carriages, Freight Wagons, MUs, RTVs): 2005-2009
  • CSR Major Subsidiaries
  • CSR Sales Volume (Units), Revenue (Rmb Million), Average Selling Price (Rmb/Unit) and Growth by Segment (Locomotives, Passenger Carriages, Freight Wagons, MUs, RTVs): 2005-2009
  • CSR New Orders and Order Backlog by Product Segment (Rmb billion): 2009-2012
  • CSR's New Products Using Rolling Stock Technology
  • Subway Car Rolling Stock Projects in North America (Period, Project, Order Value, Delivery Schedule): 2005-2016
  • Subway Car Rolling Stock Projects in Asia (Period, Project, Order Value, Delivery Schedule): 2003-2017
  • Norfolk Southern Major Capital Projects
  • Norfolk Southern Intermodal Terminal Expansion Projects: 2010-2013
  • Siemens Divisional and Industry Revenue, Revenue Growth (EUR Million): 2007-2013
  • Siemens Divisional and Industry Profits, Profit Growth (EUR Million): 2007-2013
  • Siemens Mobility Selected Rolling Stock Sales by Model, Description and Customer
  • Siemens Mobility Selected Rolling Stock Sales by Model, Description and Customer
  • Siemens Mobility Main Production Sites, Location, Market Segments, Employees Per Site, Products and Activities
  • New Subway and LRT Projects In Canada
  • Kinki Sharyo Trains
  • Proposed West Coast Coal Export Terminals
  • VTG at Glance (Products, Sales, Market Share, Customers/Industries, Competitors, Sales by Region, Capacity Utilization, EBITA, Margins, ROA)
  • VTG at Glance (Number of Wagons, Consolidated Wagons, Utilization Rate, Daily Rate, Sales Per Consolidated): 2009-2011
  • Wabtec Revenue by Region: 2005-2010
  • Wabtec PTC Contracts: 2006-2011
  • Wabtec Acquisition History by Deal Details: 2006-2011
  • Times Electric Product Summary (Product Categories, Products, Functions, Share of Revenue, Market Share)
  • Times Electric Sales Volume, Average Selling Price, Revenue and Growth by Segment (Train Power Converters and Control Systems (By Type), Operation Safety Equipment, Electrical Control Systems, Power Semiconductor Devices): 2005-2009
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