Exporting Rolling stock parts to Europe
Driven by meta market trends, like growing urbanisation, an increasing population and increasing environmental awareness, imports of rolling stock parts offers a positive outlook. This growth is driven by the European rail vehicle industry, which is forecast to grow in the next five years by a total of about 15%. After a dip in 2012, European imports of rolling stock parts recovered strongly, reaching €2.5 billion in 2014. As Europe’s main importers of rolling stock parts, Germany and the United Kingdom are interesting target markets. Major trends shaping this market include growing use of low weight and high strength materials, like aluminium, high-strength steel and composites.