Train maintenance
HE worldwide market for vehicle maintenance is growing more strongly than the market for original equipment manufacture (OEM) as train builders try to strengthen their presence in the after-sales market to compensate for the sluggish growth in OEM. This is the conclusion of SCI Verkehr’s latest market study entitled Vehicle Maintenance - Global Market Trends in After-Sales Service. Many railways and train operators which have been deeply-rooted in the maintenance of their own fleets for years have restructured their maintenance divisions or awarded contracts to external partners not least due to increasing costs. In addition, technical requirements for maintenance have become more demanding in recent years so that specialists are now required. As a result, versatile organisational models for the maintenance of rolling stock have been developed in the various world market regions, but some individual country markets differ
15000 5.1% 5.3% 4.7% 4.2% 10000 3.1% 2.5% 5000 1.9% 2.7% 2.0% 4.0%
€38.5bn train maintenance T
The global market for rolling stock maintenance is growing faster than that for new build and is slowly opening up to third parties. But according to Henry Koppermann and Maria Leenen of SCI Verkehr, Germany, the market remains very diverse worldwide.
significantly within a region. The current annual market volume for after-sales services is worth around ƒ38.5bn and will grow by an average of 3.4% a year by 2016. Compared with falling growth rates in the OEM business, development in the after-sales market remains positive and the share of maintenance services within the total market for rolling stock - both OEM and after sales - will continue to increase. The market for train maintenance is
growing in all regions of the world but Asia is the main driver. On the one hand, further and sometimes large-scale expansion of rolling stock fleets in all vehicle segments mean a greater number of vehicles in the workshops, while on the other hand the amount of maintenance required will grow due to the increasing level of both the technology and the amount of equipment on the vehicles. For example, China wants to increase the number of depots for its expanding high-speed train fleet from four currently to almost 30.
Similar developments can be observed in Africa and the Middle East, South and Central America and the former Soviet Union albeit at a considerably smaller market volume. Around 60% of the total market is still accounted for by railways which maintain their own vehicles and therefore have a decisive influence on the market for traditional reasons. While there is a trend among railways to focus on their core business and transfer maintenance and repair of their vehicles to manufacturers or independent providers, this market is developing more slowly than was expected by many companies in recent years. Switching responsibility for vehicle maintenance is a ground- breaking and time-consuming process, especially for European state-owned railways, and a more rapid shift in market share is being hindered by the traditional structures of the train operators which have their own large and high-quality maintenance facilities.
6.0%
0
Africa/ Middle East
Asia
Australia/ Pacific
CIS
North America Market volume CAGR © SCI Verkehr GmbH
After-sales market volume and the compound annual growth rate (CAGR) between 2011 and 2016 for each region. 42
IRJ January 2013
Eastern Europe
South- and Central America
Western Europe
0.0%
€ millions
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