Infrastructure renewal & urbanization
Aging bridges, railways and buildings in developed markets and growing cities in emerging markets demand decades of investment in transport, construction and building technology. That spans rail and transport infrastructure through building materials and construction, construction and mining machinery to building technology, elevators and the infrastructure investors operating finished assets for the long term. Construction firms and equipment makers depend more on the investment cycle, while operators of already-built infrastructure tend to deliver more predictable, long-running returns.
Rail & transport infrastructure
Cities are growing faster than their roads can keep up, and rail is often the only way to move more people without traffic collapsing entirely. Because rail projects are planned, built and maintained over decades, they give the manufacturers and construction firms involved an unusually long, well-plannable order pipeline.
Schienenfahrzeuge · Signaltechnik · Bahninfrastruktur-Bau · Mautstraßen und Flughäfen
Building materials & construction
Whether a bridge is being renovated, a data center built or a new factory erected, every one of these projects ultimately needs cement, steel and insulation. Manufacturers and distributors of these base materials benefit indirectly from practically every other trend described here at once, without depending on any single one of them.
Zement und Zuschlagstoffe · Baustoffhändler · Ingenieur- und Baukonzerne · Dämmung
Construction & mining machinery
Mining and construction machinery is expensive to buy, which is why many customers prefer renting over buying, a business model that gives rental fleets reliable, recurring income through the entire construction and commodity cycle. Manufacturers, in turn, earn for decades from spare parts and service on machines they have already sold.
Baumaschinen · Bergbauausrüstung · Maschinenvermietung · Ersatzteile und Service
Building technology & elevators
Elevators, fire safety and building automation get installed once but serviced over a building's entire lifetime, a service business with high, reliable margins far more stable than the one-time sale itself. Growing cities with ever more high-rises need this technology by necessity, which grows the underlying market structurally.
Aufzüge und Fahrtreppen · Gebäudeautomation · Brandschutz und Sicherheit · Elektroinstallation
Infrastructure investors & operators
Ports, toll roads and power grids generate plannable, often regulated returns over decades, much like a bond, but with the added inflation protection physical infrastructure provides. This exact combination of stability and inflation protection has been pulling more and more pension funds and infrastructure funds into this asset class for years.
Infrastruktur-Fonds · Konzessionsbetreiber · Netz- und Hafenbetreiber
Headwind
No headwind stocks are currently classified for this trend.