Table of Contents
Executive Summary
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- The market
- Recent rise in government subsidies to rail industry driven by major rail projects
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- Figure 1: Government railway funding, 2009-13
- 50% of rail renewal expenditure is directed towards track and signalling renewal
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- Figure 2: Rail renewal expenditure, by asset, 2012-13
- Thameslink represented the largest project for enhancement expenditure between 2010 and 2014
- Network Rail granted £24.9 billion for capital spending during CP5 2014-19
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- Figure 3: Forecast capital expenditure for CP5, by type, 2014/15-2018/19
- Crossrail will be the largest rail infrastructure project over the next five years
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- Figure 4: Cost of enhancement projects in England and Wales during CP5, 2014/15-2018/19
- Market factors
- Network Rail’s funding and delivery outputs are agreed in five-year blocks called control periods
- Increase in passenger journeys to drive investment in rail infrastructure and capacity
- HS2 to have major impact on rail infrastructure spending over the next two decades
- Companies
- Network rail plans to procure 65% of its CP5 work bank by April 2014
- What we think
Introduction
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- Definitions
- Methodology
- Abbreviations
- Market positioning
- UK economy
- Inflation
- Interest rates
- Imports
- Exports
- Market factors
Market Size and Trends
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- Chapter summary
- Market size
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- Figure 5: Government railway funding, by type, 2009-13
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- Figure 6: Private investment in railways, by type, 2008-13
- Infrastructure
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- Figure 7: Rail infrastructure in Great Britain, 2008/09-2012/13
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- Figure 8: Rail industry infrastructure activity, 2008-13
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- Figure 9: Rail infrastructure renewals, enhancements and maintenance expenditure in Great Britain, 2010-13 and planned 2014
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- Figure 10: Rail infrastructure renewals, enhancements and maintenance expenditure in Great Britain graph, 2010-13 and planned 2014
- Figure 11: Renewal expenditure, by asset, 2010-13
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- Figure 12: Private sector investment in track and signalling, 2009-13
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- Figure 13: Private sector investment in stations, 2009-13
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- Figure 14: Analysis of enhancement expenditure in England and Wales, by type, 2010-13 and planned 2014
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- Figure 15: Analysis of enhancement expenditure in Scotland, by type, 2010-12 and planned 2013-14
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- Figure 16: Analysis of enhancement expenditure on non-PR08 funded schemes, by type, 2010-12 and planned 2013-14
- Rolling stock
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- Figure 17: Average age of rolling stock, by sector, 2009-13
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- Figure 18: Average age of rolling stock graph, by sector, 2009-13
- Figure 19: Average age of rolling stock, by company, 2008-12
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- Figure 20: Number of passenger journeys, by sector, 2009-13
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- Figure 21: Share of passenger journeys, by sector, 2012/13
- Figure 22: Distance covered, by freight trains, 2009-13
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- Figure 23: Rolling stock investment in Great Britain, 2009-13
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- Figure 24: Rolling stock investment in Great Britain graph, 2009-13
- Figure 25: Rolling stock parc, 2013 and committed to 2014
Supply Sources
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- Chapter summary
- Production
- Overview
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- Figure 26: UK production of locomotives, rolling stock and other equipment, 2008-12
- Segmentation
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- Figure 27: Segmentation of the UK production of locomotives, rolling stock and other equipment, by type, 2008-12
- Imports
- Overview
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- Figure 28: UK imports of locomotives, rolling stock and other equipment, 2009-13
- Segmentation
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- Figure 29: Segmentation of UK imports of locomotives, rolling stock and other equipment, by type, 2009-13
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- Figure 30: UK imports of locomotives, rolling stock and other equipment, by type, 2013
- Exports
- Overview
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- Figure 31: UK exports of locomotives, rolling stock and other equipment, 2009-13
- Segmentation
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- Figure 32: Segmentation of UK exports of locomotives, rolling stock and other equipment, by type, 2009-13
Investment Profiles
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- Chapter summary
- Introduction
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- Figure 33: Train operating companies, 2013
- Train operating companies
- Arriva Trains Wales
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- Figure 34: Key statistics for Arriva Trains Wales, 2011-13
- c2c
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- Figure 35: Key statistics for c2c, 2011-13
- Chiltern Railways
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- Figure 36: Key statistics for Chiltern Railways, 2011-13
- Cross Country
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- Figure 37: Key statistics for Cross Country, 2011-13
- East Coast
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- Figure 38: Key statistics for East Coast, 2011-13
- East Midlands Trains
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- Figure 39: Key Statistics for East Midlands Trains, 2011-13
- Eurostar
- First Capital Connect
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- Figure 40: Key statistics for First Capital Connect, 2011-13
- First Great Western
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- Figure 41: Key statistics for First Great Western, 2011-13
- First Hull Trains
- First ScotRail
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- Figure 42: Key statistics for First ScotRail, 2011-13
- First TransPennine Express
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- Figure 43: Key Statistics for First TransPennine Express, 2011-13
- Grand Central
- Abellio Greater Anglia
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- Figure 44: Key statistics for Abellio Greater Anglia, 2011-13
- Heathrow Connect
- Heathrow Express
- London Midland
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- Figure 45: Key statistics for London Midland, 2011-13
- London Overground
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- Figure 46: Key statistics for London Overground, 2011-13
- Merseyrail
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- Figure 47: Key statistics for Merseyrail, 2011-13
- Northern Rail
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- Figure 48: Key statistics for Northern Rail, 2011-13
- North Yorkshire Moors Railway
- Southeastern
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- Figure 49: Key statistics for Southeastern, 2011-13
- Southern
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- Figure 50: Key statistics for Southern, 2011-13
- South West Trains
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- Figure 51: Key statistics for South West Trains, 2011-13
- Virgin Trains
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- Figure 52: Key statistics for Virgin Trains, 2011-13
- West Coast Railway
- Freight operators
- Colas Rail
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- Figure 53: Key statistics for Colas Rail, 2013
- Direct Rail Services
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- Figure 54: Key statistics for Direct Rail Services, 2013
- DB Schenker Rail
- Freightliner Group
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- Figure 55: Key statistics for Freightliner in the UK, 2013
- GB Railfreight
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- Figure 56: Key statistics for GB Railfreight, 2013
- Mendip Rail
- Rolling Stock Operating Companies
- Angel Trains
- Porterbrook Leasing Company
- Eversholt Rail Group
- QW Rail Leasing
- Network Rail
- London & Continental Railways/HS1
Supply Industry Structure
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- Chapter summary
- Industry development
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- Figure 57: Analysis of the changes in the structure of the railway and tramway rolling stock manufacturing industry, 2009-13
- Structure by employment
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- Figure 58: Analysis of the employment structure of the railway and tramway rolling stock manufacturing industry, 2012-13
- Structure by turnover
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- Figure 59: Analysis of the financial structure of the railway and tramway rolling stock manufacturing industry, 2012-13
- Company profiles
- Bombardier Transportation UK
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- Figure 60: Financial analysis of Bombardier Transportation UK, 2008-12
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- Figure 61: Turnover analysis of Bombardier Transportation UK, by business segment, 2011 and 2012
- AMEC
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- Figure 62: Financial analysis of AMEC, 2008-12
- Amey
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- Figure 63: Financial analysis of Amey UK, 2008-12
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- Figure 64: Financial analysis of Amey Rail, 2008-12
- Angel Trains
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- Figure 65: Financial analysis of Angel Trains, 2009-12
- Balfour Beatty Group
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- Figure 66: Financial analysis of Balfour Beatty, 2008-12
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- Figure 67: Financial analysis of Balfour Beatty, by segment, 2009-12
- Knorr-Bremse Group
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- Figure 68: Financial analysis of Knorr-Bremse Rail Systems (UK), 2008-12
- Siemens Rail Automation Holdings (formerly Westinghouse Brake and Signal Holdings)
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- Figure 69: Financial analysis of Siemens Rail Automation Holdings, 2008-12
- Babcock Rail (formerly First Engineering)
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- Figure 70: Financial analysis of Babcock Rail, 2009-13
- Siemens
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- Figure 71: Financial analysis of Siemens, 2009-13
- Network Rail
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- Figure 72: Financial analysis of Network Rail, 2009-13
- Eversholt Rail (UK)
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- Figure 73: Financial analysis of Eversholt Rail (UK), 2008-11
- Porterbrook Leasing Company
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- Figure 74: Financial analysis of Porterbrook Leasing Company, 2008-11
- Hitachi Rail Europe
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- Figure 75: Financial analysis of Hitachi Rail Europe, 2009-13
Forecast
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- Chapter summary
- Market size
- Infrastructure
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- Figure 76: Rail infrastructure projects pipeline, 2013
- High speed rail network (HS2)
- Maintenance expenditure in CP5
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- Figure 77: Forecast rail maintenance expenditure for CP5, 2014/15-2018/19
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- Figure 78: Forecast rail maintenance expenditure for CP5 graph, 2013/14-2018/19
- Figure 79: Forecast rail maintenance expenditure for CP5, by activity, 2013/14-2018/19
- Capital expenditure in CP5
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- Figure 80: Forecast capital expenditure for CP5, by type, 2014/15-2018/19
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- Figure 81: Forecast capital expenditure for CP5 graph, by type, 2014/15-2018/19
- Renewals expenditure in CP5
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- Figure 82: Forecast rail renewals expenditure for CP5, by activity, 2013/14-2018/19
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- Figure 83: Forecast rail track renewal activity for CP5, by activity, 2014/15-2018/19 and CP5 total
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- Figure 84: Forecast rail structures renewal for CP5, by activity, 2014/15-2018/19
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- Figure 85: Forecast rail electrification and plant renewal for CP5, by activity, 2014/15-2018/19
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- Figure 86: Forecast building renewal for CP5, by activity, 2014/15-2018/19
- Enhancements expenditure in CP5
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- Figure 87: Cost of enhancement projects during CP5
- Crossrail
- Thameslink Programme
- Electrification schemes
- Other committed schemes
- Other named schemes and CP4 rollover schemes
- HLOS capacity metric schemes
- Rolling Stock
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- Figure 88: Fleet size requirements for passenger fleet under a low growth forecast, 2014-42
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- Figure 89: Fleet size requirements for passenger fleet under a medium growth forecast, 2014-42
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- Figure 90: Fleet size requirements for passenger fleet under a high growth forecast, 2014-42
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- Figure 91: Role of electric rolling stock under the medium growth forecast, 2014-42
Further Sources and Contacts
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- Trade associations and regulatory bodies
- Trade magazines
- Trade exhibitions
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