A new Transparency
Market Research report states that the global railcar mover
market is predicted to expand at a CAGR of 1.02% between 2014 and
2020. The title of the report is “Railcar
Mover Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2014 – 2020”.
According to this
report, a railcar mover is used for moving railroad cars within a
rail siding or a small yard and has fitted couplers in it. Railcar
movers can travel on both roads as well as rail tracks and have been
utilized extensively owing to them being more convenient and
economical in comparison to locomotives. The report states that the
swift industrialization and increasing economic activities in
numerous regions globally are poised to stimulate the market in the
coming years. In addition, the GDP gains, economic prosperity, and
swift industrialization in emerged countries in Rest of the World and
Asia Pacific have raised the development prospects of the railcar
mover market in the forecast horizon.
Furthermore, the low
consumption of fuel by railcar movers hasalso raised their demand
globally, thus having a positive effect on the market. The increasing
import and export of mineral and chemicals, automobiles, construction
materials, and food and beverages have also stimulated the market for
railcar movers globally. On the other hand, the low rate of
penetration within nationalized railway networks may impede the
growth of the market in forthcoming years.
The report segments
the railcar mover market on the basis of geography into Europe, North
America, Asia Pacific, and Rest of the World (RoW). Amongst these, in
2013, North America led the market for railcar movers owing to the
huge investments and rising research and development activities
taking place within the market for railcar movers in this region. In
addition, the rising production of natural gas, oil, coal, and
biofuels in this region has raised the demand for railcar movers.
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However, as per the
report, in the coming years, the North America railcar movers market
is predicted to lose its dominant position and will be surpassed by
the Asia Pacific railcar mover market. In the forecast horizon, the
railcar mover market in North America is poised to expand at a
sluggish 0.69% CAGR, whereas the railcar mover market in Asia Pacific
is predicted to expand at a 1.33% CAGR from 2014 to 2020. This is
owing to the increasing disposable incomes of consumers, growing
economies, and GDP gains in countries in Asia Pacific. The Middle
East railcar movers market is also expected to grow exponentially in
the forecast horizon.
As stated in the
report, the prime manufacturers of railcar movers within North
America are Trackmobile, Shuttlewagon, and Railking. Other key
players operating in the market are Brandt Road Rail Corp., Railquip
Inc., Unilokomotive, Unimog, Zweiweg, Zwiehoff, Zephir, and UCA.
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