Investor Presentaiton
World Rail Supply Market expectations until 2027 - by sector
176.5
1
3.0% CAGR
210.6
1,1
22,2
Services
18,2
33,7
42,1
77,9
65,9
57,8
2019-2021
Rolling Stock
67,2
2025-2027
Services
Infrastructure
Rail Control
Turnkey mgmt.
Source: World Rail Market Study 2022-2027 by UNIFE and Roland Berger
All the growth rates are CAGR
SALCEF GROUP
Infrastructure Services market (which accounts for 23% of the total services market and includes labour
and parts for maintaining railway superstructure) is expected to grow by 1.9% reaching € 17.6 Bn per
year in 2025-2027
Biggest growth in NAFTA countries at 2.9%, the only area where infrastructure services are expected to
grow more than rolling stock services. Eastern Europe, Africa / Middle East/Western Europe follow with
2.0%, 1.7% and 1.6% CAGR respectively
Infrastructure
> Infrastructure market (which includes all components of ballastless / ballast track and electrification while
excludes all the civil works) is expected to grow by 3.8% reaching € 42.1 Bn per year in 2025-2027
> Superstructure growth mainly driven by Very High Speed (7.2%), followed by Urban (3.4%) and
Mainline/Freight (3.0%), which remains by far the biggest component (57% of the total)
> Electrification (~56% of the track kilometres are not electrified, ~50% in Europe and ~28% in Italy) is the
segment with the highest growth rates: 7.5% for Mainline/Freight, 4.6% for VHS and 3.4% for Urban
Eastern Europe will grow by 8.7% (with Romania at 3.0%), Africa/Middle East by 4.1% (with remarkable
28.3% in Saudi Arabia) and Western Europe by 4.7%. 1.2% growth in Asia Pacific mainly Driven by
Australia while 3.9% growth in NAFTA countries mainly driven by US (3.9%)
Rail Control
Rail control market (which includes rail control and signalling solutions, communication equipment,
operational control systems and route control systems) is expected to grow by 3.4% reaching € 22.2 Bn
per year in 2025-2027
Africa/Middle East and Eastern Europe are expected to have the highest growth (8.2% and 6.8%
respectively). Western Europe is predicted to grow by 4.2%, amounting to 31% of the total market
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