Business Expansion

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What is Business Expansion?

Business Expansion is one of our largest categories and looks at the core functions of business operations within the sector.

This consists of any projects that have expanded the company’s footprint in the sector, including: contract wins; launching in new territories; launching new product lines; the acquisition and expansion of facilities and real estate; acquisition of new machinery or other assets; improved logistics; partnerships; and significant staff increases.

Themes

During the research period the railway industry has expanded in several areas, notably in the design and production of key infrastructure and machinery, with contracts won around the globe.

Many aspects of the railway industry have witnessed innovation and increased use of technology during the research period. The electronics and software that have been developed and implemented in various areas have greatly improved aspects such as train speed and efficiency and infrastructure integrity and manoeuvrability.

We have also seen how operations in the industry have been evolving to improve functionality. This includes great strides being taken in regards to optimising travel time, testing innovative solutions and making sure to provide accessibility to all passengers.

Trains obviously remain the blood that flows down the steel track veins of the industry and during the research period we have seen the industry expand production of traditional vehicles as well as enacting a strong drive towards innovation and the use of alternative fuels and power sources.

Categories

Design and Manufacture: Manufacturing Facilities

The companies in this category have expanded their production footprint by opening new manufacturing facilities.

Design and Manufacture: Vehicle Design

Design is the first step in bringing new innovation and technologies together to create a modern vehicle. The companies in this category know how to deliver designs that bring together the most innovative parts of the industry.

Electronics and Technology

When it comes to innovation, electronics and technology feature in any industry. The companies in this category have utilised technology to optimise travel time, provide cybersecurity solutions and create stable systems solutions.

Engineering: Vehicle Maintenance

One of the most important aspects of the rail industry is maintaining vehicle operability and the companies in this category have won contracts to upgrade, optimise and maintain trains to be in the best condition.

Infrastructure: Above-ground

Above-ground infrastructure is key to the industry and the communities it helps connect. The companies in this category have been hard at work building railways and accompanying infrastructure that keep communities connected, trade in motion and cities uncongested.

Infrastructure: Design

The companies in this category have demonstrated the experience and know-how to create infrastructure design that is efficient, serves the passenger and is optimised for modern modes of transportation.

Infrastructure: Maintenance

The companies in this category have won contracts for the maintenance of infrastructure, which is key to providing safety to passengers and personnel as well as maintaining the functionality of all key components of the rail system.

Infrastructure: Modernisation

This category recognises companies that have won contracts to keep infrastructure up to date, which is key to the wellbeing of passengers and personnel as well as ensuring that the infrastructure is in optimal condition in order to tackle all possible obstacles and situations.

Infrastructure: Underground Rail

Underground infrastructure is key to increasing mobility and interconnectivity in cities and the companies in this category have won significant contracts related to subterranean rail projects.

Operations

Companies in this category have acted on projects related to the day to day running of the rail network. Services such as freight and passenger transportation each demand different types of solutions that need to be fully optimised and efficient. Example projects from the research this year include developing freight capacity, diversifying fuel options for trains, such as LNG, and working innovative passenger transportation programs and smart ticketing for disabled passengers.

Trains and Rolling Stock: Locomotives

Locomotives are the pulling force for the whole industry and the companies in this category have won new contracts demonstrating a deep understanding of how to make modern, fast and efficient locomotives.

Trains and Rolling Stock: Railcars and Rolling Stock

The companies in this category have won contracts to manufacture efficient, modern and useful railcars, different types of wagons, as well as the rolling stock.

Trains and Rolling Stock: Trains

The railway industry during the research period has been growing its fleet of conventional trains despite global supply chain disruptions. The companies in this category have been hard at work manufacturing and upgrading rail fleets.

Trains and Rolling Stock: Trains – Automatic

This category recognises companies that have won contracts related to the test and manufacture of driverless trains.

Trains and Rolling Stock: Trains – Battery Powered

The current move away from fossil fuels across multiple industries has also been seen in the railway industry and the companies in this category have demonstrated an eye for innovation in developing new battery powered train systems.

Trains and Rolling Stock: Trains – Hydrogen

Hydrogen is becoming a staple in alternative fuels for many industries and the railway industry is no different. The companies in this category have demonstrated experience and knowledge in winning contracts to push forward this new and innovative fuel technology.

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