transport industry foresights. Developed by RACE2050
Relevance rankings for shaping future competitiveness of European transport industries
Competitiveness parameter definitions
7 primary parameters
Business awareness
Ability to understand current or upcoming demands and frame conditions, and thus to adapt and to modify business models.
Environmental issues and policies
Relevance, impact and level of environmental awareness among public and policy-makers and effectiveness of dealing with those.
Energy and raw resources price
Impact of prices for energy and raw resources (oil, gas, coal etc.).
Geo-political landscape
Relevance of geo-political changes, new shapes, and their consequences to the market accessibility and conditions.
Infrastructure condition
Shape, quality and quantity of (physical) infrastructures necessary to carry out business.
R&D background
Research and development environment at its different levels (company, national, sovranational).
State of European integration
Level of economic cooperation and political integration between EU Member States.
8 secondary parameters
Technological preparedness
Ability to adapt, anticipate and modify technologies to current or upcoming demands and frame conditions.
Trade condition
Relevance of framing trade conditions and global trade agreements.
Financial environment
Relevance of available and accessible financial sources for investments and financing of infrastructures and industries.
Globalized products and services
Relevance of products and services that are distributed rather globally than locally or nationally.
ICT development
Relevance of developments in information and communication technology.
Value chain breadth and international scope
Relevance of products and services produced in international supply chains.
Market size
Relevance of EU’s “domestic” European Single Market size.
Urbanisation and demographic
Relevance and level of urbanization and demographic shifts.