Imagine Türkiye as a shining star in the global railway industry! We’re tapping into the incredible know-how of experts like Mr. Serdar Aslan, who has masterfully boosted local content in projects from a mere 15% to over 70%! He’s a expert with technical specifications and a champion of teamwork with local firms. Thanks to the invaluable insights from seasoned professionals like him, we’re getting a crystal-clear picture of where the sector stands and the dazzling future that awaits.
The global railway scene is booming, and Türkiye is perfectly positioned to take a leading role. We’re talking about a colossal world railway market worth €240.8 billion, offering tremendous economic opportunities for Türkiye. And guess what? Türkiye has all the right ingredients: a wealth of knowledge, heaps of experience, and visionary public and private organizations ready to make it happen.
Skyrocketing Markets, Unmissable Opportunities
The railway market is buzzing with growth in various segments:
- The Electric Multiple Unit (EMU) market, for instance, is set to soar, with a projected annual growth of 7.1% to reach a staggering €16 billion by 2028. Europe was leading the charge in the EMU market in 2023 with €5.9 billion.
- Excitingly, the EMU market is also rapidly expanding in rising economies like China and India, which spells fantastic opportunities for Türkiye.
- Get ready for the future with Battery Electric Multiple Units (BEMU) and Hydrogen Electric Multiple Units (HMU) – a market predicted to hit €2.4 billion by 2028.
- The intercity and sleeper train market is also on a fast track, with an anticipated annual growth of 30%.
- We can expect the sleeper and couchette wagon market to reach €365 million by 2028.
- Light rail systems are also a big deal, with an annual market volume of €2.8 billion and a 4% growth forecast by 2026.
- Plus, the electrification of railway lines presents another massive opportunity, with a global market around €10 billion and an expected annual growth of 5%. Increasing Türkiye’s involvement in electrification projects will be a game-changer for local producers and our strategic region.
Can Türkiye Become a Global Railway Powerhouse? Absolutely!
Türkiye isn’t just starting out; it has a rich railway history and a robust infrastructure. Our public institutions are treasure troves of knowledge and experience, giving us a significant competitive edge. What’s more, Türkiye’s young, energetic population is a wellspring of talent, ready to become the skilled workforce the sector needs.
The Government Is Fully On Board!
- Türkiye’s 11th Development Plan zeros in on technological transformation in manufacturing and shines a spotlight on localization in the railway sector.
- The 12th Development Plan has pinpointed the Rail System Vehicles Industry as a critical and priority area, alongside other key sectors
