Strategic Analysis of the European Light Rail and Underground Market - Part 2: Market Engineering MeasurementsFrost & SullivanJune 30, 2009 51 Pages - SKU: MC2445147 |
| Countries covered: Europe This Frost & Sullivan research service titled Strategic Analysis of the European Light Rail and Underground Market: Part 2 Market Engineering Measurements provides a country-wise overview of existing fleet demography. It also offers an examination of operational as well as planned route kilometers. The research analyses reasons for the increasing demand for light rail and underground transportation and assesses existing market drivers and restraints across the western and eastern European regions. Market Overview Increasing Fleet and Infrastructure Development Support European Light Rail and Underground Systems Market Light rail and underground systems in Europe are receiving a fillip from increasing fleet augmentation. This trend is being supported by the expansion of infrastructure across the region. The market offers significant growth potential due to increasing regional commutes and a denser network of rail services across European metro destinations. "Steady investments in light rail infrastructure will continue in France, the United Kingdom and Italy where light rail density is still low," notes the analyst of this research. "Renovation of existing networks, with upgrades to new light rail standards will gradually revive after 2012 in eastern European countries, further boosting market expansion." Europe occupies a dominant position in the market, accounting for 44 per cent of the world’s light and underground rail rolling stock. The region has about 50 per cent of world’s underground systems in operation with 46 systems and 3,200 km of route network. Government plans to bail out national banks have tightened budgetary allotments for the rail industry. As a result, various national stimulus programmes have only allocated a minor part of approximately €4 billion for rail transport. "Local communities that operate the majority of networks are reliant on financial support from public funding schemes," states the analyst. "However, it has been difficult to allot funds with the ongoing credit crisis." Reduction in the availability of loans to private investors and projects and growing difficulties to access private financing might trigger project postponements or cancellations. |
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