Table of Contents
1. EXECUTIVE SUMMARY 1
2. INTRODUCTION 4
2.1 Definitions 5
2.2 Methodology 5
2.3 Abbreviations 5
2.4 Market Positioning 6
2.4.1 Customers 6
2.4.2 Suppliers 11
2.5 UK Economy 11
2.6 Market Factors 14
3. MARKET SIZE AND TRENDS 17
3.1 Chapter Summary 18
3.2 Market Size 19
4. SUPPLY SOURCES 31
4.1 Chapter Summary 32
4.2 Production 32
4.2.1 Overview 33
4.2.2 Segmentation 34
4.3 Imports 35
4.3.1 Overview 35
4.3.2 Segmentation 36
4.4 Exports 36
4.4.1 Overview 37
4.4.2 Segmentation 37
5. INVESTMENT PROFILES 39
5.1 Chapter Summary 41
5.2 Arriva 41
5.2.1 Arriva Trains Wales 42
5.2.2 CrossCountry 43
5.3 National Express Group 44
5.3.1 c2c 45
5.3.2 National Express East Anglia (formerly One) 46
5.3.3 National Express East Coast (formerly GNER) 47
5.4 FirstGroup 49
5.4.1 First Great Western/Thames Trains 50
5.4.2 First TransPennine Express 52
5.4.3 First ScotRail 53
5.4.4 First Capital Connect 54
5.4.5 Hull Trains 55
5.4.6 First GBRf ( formerly GB Railfreight) 55
5.5 Virgin Trains 56
5.5.1 Virgin West Coast 57
5.6 Stagecoach Group 58
5.6.1 South West Trains 59
5.6.2 Island Line 60
5.6.3 East Midlands 61
5.7 Chiltern Railways 62
5.8 Northern Rail 64
5.9 Merseyrail 65
5.10 Govia 66
5.10.1 Southern 67
5.10.1.1 Gatwick Express 68
5.10.2 Southeastern 69
5.10.3 London Midland (West Midlands) 71
5.11 Direct Rail Services 72
5.12 English, Welsh & Scottish Railway 72
5.13 Eurostar (UK) 74
5.14 Eurotunnel 74
5.15 Freightliner 75
5.16 Heathrow Express 77
5.17 London & Continental Railways 77
5.18 London Underground 77
5.19 Mendip Rail 78
5.20 Northern Ireland Railways 78
5.21 Angel Trains 79
5.22 HSBC Rail (UK) 81
5.23 Porterbrook Leasing Company 82
6. SUPPLY INDUSTRY STRUCTURE 83
6.1 Chapter Summary 84
6.2 Industry Development 84
6.3 Structure by Employment 85
6.4 Structure by Turnover 86
6.5 Company Profiles 86
6.5.1 Bombardier Transportation Holdings (UK) 87
6.5.2 AMEC 89
6.5.3 Amey 93
6.5.3.1 Amey Rail 96
6.5.4 Angel Trains 97
6.5.5 Balfour Beatty Group 99
6.5.6 Westinghouse Brake and Signal Holdings 104
6.5.7 Babcock Rail (formerly First Engineering) 105
6.5.8 Jarvis Rail 107
6.5.9 Siemens 109
6.5.10 Network Rail 111
7. FORECAST 115
7.1 Chapter Summary 116
7.2 Market Size 116
7.3 Civil Engineering 120
7.4 Rolling Stock 124
8. FURTHER SOURCES & CONTACTS 127
8.1 Trade Associations & Regulatory Bodies 128
8.2 Trade Magazines 129
8.3 Trade Exhibitions 131
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List of Tables
1: Status of TOC Franchises, as of March 2009 6
2: Rail Industry Indicators for Great Britain, 2003/04- 2008/00 19
3: Investment in the Railway Engineering Industry in Great Britain, 2003/04-2007/08 20
4: Investment in Infrastructure Renewals by Network Rail, by Type, 2004/05-2007/08 20
5: Passenger Journeys on the Rail Network in Great Britain, 2004/05-2008/09 23
6: Passenger Train Punctuality and Reliability in Great Britain, 2003/04-2007/08 24
7: Passenger Train Punctuality and Reliability, by TOC, July-September 2007 25
8: Government Support to the Rail Industry in Great Britain, 2003/04-2007/08 26
9: Rail Infrastructure in Great Britain, 2003/04-2007/08 27
10: Average Age of Rolling Stock, Q1 2003/04 - Q2 2008/09 29
11: Investment in Railway Rolling Stock in Great Britain, 2003/04-2007/08 30
12: Seasonality of Civil Engineering Output in the Railways Sector, 2004-2008 30
13: UK Production of Locomotives, Rolling Stock and Other Equipment, 2004-2008 34
14: Segmentation of the UK Production of Locomotives, Rolling Stock and Other
Equipment, by Type, 2004-2008 34
15: UK Imports of Locomotives, Rolling Stock and Other Equipment, 2004-2008 35
16: Segmentation of UK Imports of Locomotives, Rolling Stock and Other Equipment, by
Type, 2004-2008 36
17: UK Exports of Locomotives, Rolling Stock and Other Equipment, 2004-2008 37
18: Segmentation of UK Exports of Locomotives, Rolling Stock and Other Equipment, by
Type, 2004-2008 38
19: Key Statistics for Arriva Trains Wales, 2008 43
20: Key Statistics for CrossCountry Trains, 2008 44
21: Key Statistics for c2c, 2008 46
22: Key Statistics for National Express East Anglia, 2008 47
23: Key Statistics for National Express East Coast, 2007/2008 49
24: Key Statistics for First Great Western, 2008 51
25: Key Statistics for First TransPennine Express, 2008 53
26: Key Statistics for First ScotRail, 2008 54
27: Key Statistics for First Capital Connect, 2008 55
28: Key Statistics for Virgin West Coast, 2008 58
29: Key Statistics for South West Trains, 2008 61
30: Key Statistics for East Midlands Trains, 2008 62
31: Key Statistics for Chiltern Railways, 2008 63
32: Key Statistics for Northern Rail, 2008 65
33: Key Statistics for Merseyrail, 2008 66
34: Key Statistics for Southern, 2008 68
35: Key Statistics for Gatwick Express, 2008 69
36: Key Statistics for Southeastern, 2008 70
37: Key Statistics for London Midland, 2008 72
38: Analysis of the Changes in the Structure of the Railway & Tramway Rolling Stock Manufacturing Industry, 2004-2008 85
39: Analysis of the Employment Structure of the Railway & Tramway Rolling Stock Manufacturing Industry, 2007 85
40: Analysis of the Financial Structure of the Railway & Tramway Rolling Stock
Manufacturing Industry, 2007 and 2008 86
41: Financial Analysis of Bombardier Transportation (Holdings) UK, 2003-2007 88
42: Key Financial Ratios for Bombardier Transportation (Holdings) UK, 2003-2007 89
43: Financial Analysis of AMEC, 2003-2007 92
44: Key Financial Ratios for AMEC, 2003-2007 92
45: Financial Analysis of Amey UK, 2004-2007 94
46: Turnover Analysis of Amey UK, by Segment, 2007 95
47: Key Financial Ratios for Amey UK, 2004-2007 95
48: Financial Analysis of Amey Rail, 2003-2007 96
49: Key Financial Ratios for Amey Rail, 2003-2007 97
50: Financial Analysis of Angel Trains, 2003-2007 99
51: Key Financial Ratios for Angel Trains, 2003-2007 99
52: Financial Analysis of Balfour Beatty, 2003-2007 102
53: Financial Analysis of Balfour Beatty by Segment, 2007 103
54: Key Financial Ratios for Balfour Beatty, 2003-2007 103
55: Financial Analysis of Westinghouse Brake and Signal Holdings, 2004-2008 104
56: Key Financial Ratios for Westinghouse Brake and Signal Holdings, 2004-2008 105
57: Financial Analysis of Babcock Rail, 2003-2008 106
58: Key Financial Ratios for Babcock Rail 2003-2008 107
59: Financial Analysis of Jarvis Rail, 2004-2008 108
60: Key Financial Ratios for Jarvis Rail, 2004-2008 109
61: Financial Analysis of Siemens, 2003-2007 110
62: Turnover Analysis of Siemens, by Business Segment, 2006 and 2007 111
63: Key Financial Ratios for Siemens, 2003-2007 111
64: Financial Analysis of Network Rail, 2004-2008 113
65: Key Financial Ratios for Network Rail, 2004-2008 113
66: Forecast Total Investment in the Rail Engineering Sector in Great Britain,
2008/09-2012/13 119
67: Total Renewals and Maintenance Expenditure in CP4, Network Rail Strategic
Business Update and ORR Assessment 121
68: ORR Annual Assumptions for CP4 Maintenance, Renewals and Enhancements
Expenditure, 2009/10-2013/14 121
69: Selection of Network Rail Enhancement Projects in CP4s, 2008/09-2013/14 122
70: Forecast Investment in Railway Rolling Stock in Great Britain, 2008-2012 126 |
