IMAP Germany Insights Railway Infrastructure

The rail infrastructure sector is currently experiencing a strong surge in investment, driven by the urgent need to refurbish and modernize rail networks, including rail lines, signaling systems, and bridge infrastructure. In particular, the rail infrastructure special fund package adopted in 2025 is accelerating large-scale construction, maintenance, and modernization projects, resulting in rising demand for engineering and construction services across the sector.

 Our IMAP Insight Rail Infrastructure Report provides a comprehensive overview of the key market drivers that will shape the rail infrastructure market in the coming years. In addition, the report analyzes the competitive landscape of selected subsegments and presents an overview of major mergers and acquisitions (M&A) in the rail infrastructure sector in recent years.

Key Highlights of the Rail Infrastructure Market:

• Government infrastructure programs and special funds are driving extensive refurbishment and modernization activities, with a market volume exceeding EUR 8 bn expected by 2026
• A highly regionalized and specialized market structure, particularly within individual rail infrastructure services
• Digitalization, automation, and modern monitoring systems acting as key drivers of efficiency gains and additional investment
• A fragmented market environment offering attractive opportunities for strategic buyers and financial investors to pursue market consolidation, build national champions, or expand existing service portfolios

Due to the high attractiveness of the rail infrastructure sector, companies are increasingly in the focus of investors, especially in the context of succession planning. Supported by strong market growth expectations and well-filled order books, investors are currently willing to pay attractive valuations for well-positioned rail infrastructure companies.

We would be pleased to engage in a non-binding discussion with you to jointly assess the optimal timing and identify the most suitable investor options for your company.