North America and Asia lead global freight wagon acquisitions

MC Freight WagonsAccording to SCI Verkehr GmbH study, “Freight Wagons – Global Market Trends”, the worldwide market for new freight wagons has a volume of around EUR 11.5  billion, with North America, the CIS and Asia the largest markets. The after-sales market has reached a volume of almost EUR 10 billion. Growth here will continue at a rate of c. 2.4%, whereas SCI Verkehr expects only moderate growth of 1% for the OEM market.
The worldwide demand for freight wagons is very inconsistent. While North America and Asia are reporting strong or moderate growth in demand, the freight wagon market in the CIS is falling substantially, driven by Russia and Ukraine. Overall, the world market for freight wagons is therefore stagnating, as losses in the CIS cannot be compensated for by growth in North America and Asia.
SCI Verkehr has analysed the respective developments within the various market regions. While the market for new vehicles in Africa and the Middle East is growing at a rate of 14% p.a. starting from a low level, growth rates in Asia have slowed down but procurements nonetheless remain at a high level. Demand in Europe has substantially declined and remains at a low level, which is leading to massive overcapacities among the manufacturers.


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