According to a new
market report published by Transparency Market Research “RailcarMover Market - Global Industry Analysis, Size, Share, Growth, Trendsand Forecast 2014 - 2020,” the railcar mover market is growing at a
CAGR of 1.02% from 2014 to 2020.
Railway transit
network is one of the booming sectors in Asia Pacific and is expected
to grow significantly in the next few years, opening new avenues for
international and domestic railcar mover manufacturers. Moreover, the
market is boosted with investment in rail road infrastructure reduces
costs and pollution while increasing efficiency of access to goods
and transportation. With technological advancements, railcar movers
are being electrically-powered to reduce fuel cost and time.
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the full Railcar Mover Market
Report @ :
Railcar movers are
usually light weight; however, with the increase in demand, they are
gaining more tractive effort by transferring weight from the car they
are hauling onto their wheels, in order to increase their effective
weight. Due to technological advancements, the market for railcar
mover in mid segment tractive effort is growing significantly.
Increasing demand for rail equipment and services further boosted the
market for railcar movers. In addition, growth in chemical,
construction, and agricultural industries and railroads, and
manufacturing sectors is driving demand for railcar movers in Europe,
North America and parts of Asia Pacific, creating opportunities in
these regions.
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the full Railcar Mover Market press release @ :
North America held
the largest market share in 2013 with an estimated CAGR of 0.69%
between 2014 and 2020. With the decline in oil prices the demand for
railroad tank cars is growing. Increase in the shipment of grains,
autos, chemicals and construction materials, and minerals boosted
growth of the railcar mover market in North America. The increase in
production of oil, natural gas, renewable, coal, and other liquid
bio-fuels further spurred growth of the railcar movers market in
North America.
Major industry
participants include Trackmobile, Railking, and Shuttlewagon.
The market has
been segmented as follows:
Railcar Mover
Market, by Geography:
- North America
- South America
- Europe
- Asia Pacific
- Rest of the World
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Free Sample Report Railcar Mover Market :
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