15.01.2019
Artikel Nummer: 25945
Slower growth in China’s railway market
Although China’s railway technology market will remain at a high level over the next five years, it will only grow by 0.6% per annum. Following high, heavily subsidised investments in new rail vehicles in 2018 and 2020, the OEM market will actually decline after 2020.
China’s after-sales market will become more important than new business due to the massive fleet and network expansions in recent years. These facts came to light in a new study compiled by the German consulting firm SCI.
The authors also assume that Chinese companies will focus more on international business in the coming years due to the weakening domestic market. (ben)