04.07.2015 Views

Cableways Impact Assessment Study - Final Report - saferail.nl

Cableways Impact Assessment Study - Final Report - saferail.nl

Cableways Impact Assessment Study - Final Report - saferail.nl

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Risk & Policy Analysts<br />

3.3.4 <strong>Impact</strong>s on the Structure of the Sector<br />

There have been a number of changes in the structure of the cableways sector, in<br />

particular, the reduction in the number of companies active in the sector and the<br />

emergence of two main players that dominate the market and have become<br />

increasingly integrated into their upstream supply chains. Information in Section 2<br />

shows that around 50 European companies 14 may have been subject to mergers and<br />

acquisitions over the past 40 years or so while over 20 European companies exited the<br />

market. It is not possible to determine what proportion of these were SMEs but it can<br />

be reasonably assumed (and indeed there are some indications to that effect) that<br />

many of these companies were SMEs. Presently, there appear to be around 35<br />

cableway manufacturers in Europe (this includes Norway, Switzerland and Turkey).<br />

The vast majority of which appear to be SMEs and their combined market share<br />

appears to be around 10%.<br />

While these developments at least partially coincided with the entry into force of the<br />

<strong>Cableways</strong> Directive in 2004 and some stakeholders appear to believe that the<br />

Directive contributed to these developments, it is important to note that the onset of<br />

these developments predates the Directive and a number of key bankruptcies, mergers<br />

and acquisitions occurred prior to 2004, including the acquisition of Poma by the<br />

Seeber Group which also owns Leitner (2000) and the merger of Doppelmayr with<br />

Garaventa (2002). As indicated in Section 2, the process of consolidation of the<br />

cableways sector in terms of a reduced number of manufacturers was already under<br />

way when the Directive came into force.<br />

However, literature review and interviews with various stakeholders in the cableways<br />

sector indicates that some stakeholders believe that the Directive may have<br />

contributed to these developments, for instance:<br />

<br />

<br />

<br />

an SME active in the cableways sector suggested that it was easier for larger<br />

companies to absorb the costs of complying with the Directive. Due to these<br />

costs, some companies sold up, went out of business or decided to focus on noncableway<br />

related activities. Overall, there has been a reduction in the number of<br />

companies in the cableways sector;<br />

in Sweden, cableway operators did not have the resources to undertake risk<br />

analysis and had problems doing this on their own; this put large companies at an<br />

advantage as they were able to offer assistance; and<br />

the alignment of the Swiss legislation to the EU <strong>Cableways</strong> legislation has<br />

reportedly introduced more stringent safety requirements. It is possible that this<br />

was one of several factors that may have (to an unknown degree 15 ) contributed to<br />

stagnation in the demand for small cableways and contributed to the sale of the<br />

Swiss company Niederberger to Inauen-Schätti (another Swiss producer) in 2005<br />

(Bergbahnen, nd).<br />

14<br />

15<br />

Please note that this includes Swiss companies.<br />

Consultation further suggested that Swiss companies started adjusting to the new requirements several<br />

years before their entry into force and that the permit process for operators of small cableways became<br />

more demanding and more complex which may also have had some impact on the market.<br />

Page 63

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!