The global railcar
mover market is teeming with opportunities for regional as well as
multinational manufacturers of railcar movers on account of extensive
growth in the railway transit network in Asia Pacific. Furthermore,
the investment in railroad infrastructure, which has reduced shipment
costs and pollution while increasing access to products, has
encouraged the global market. Technical advancement in railcar movers
to make them electrically powered in order to reduce cost and fossil
fuel consumption is also expected to present the market with novel
opportunities.
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Research Report of Railcar Mover Market :
The ability of
railcar movers to run on roads as well as rail tracks is the key
growth driver of this market. These movers also consume less fuel
than traditional railways, which is another advantage supporting this
market. The increasing demand for rail equipment and services is also
propelling the global railcar movers market further. In addition to
this, the rise in the construction, chemical, production, and
agricultural industries, together with the increasing number of
railroads, is stimulating the demand for railcar movers across the
globe. However, the market is facing a global challenge owing to low
penetration in nationalized railway transit networks. The analysts at
leading market research firm Transparency Market Research (TMR)
expect the global railcar mover market to develop at a CAGR of 1.02%
between 2014 and 2020.
Asia Pacific to
Register Fastest Growth among Regional Railcar Mover Markets
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Report :
The global railcar
mover market is distributed among the regional markets in North
America, Europe, Asia Pacific, and the Rest of the World. The railcar
mover market in North America dominated the global industry in 2013
and is expected to register growth at an estimated 0.69% CAGR during
the period from 2014 and 2020.
The increasing
production of crude oil in North America has augmented the demand for
railcars used to carry crude oil to refineries, eventually resulting
in an increased demand for railcar movers. Apart from this, the
increasing shipment of grains, chemicals, minerals, autos, and
construction materials has fueled the growth of the market for
railcar movers in North America. Additionally, the rise in the
production of natural gas, oil, coal, and other liquefied biofuels is
expected to propel the growth of the regional market in the coming
years.
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Release of Railcar Mover Market :
The railcar mover
market in Asia Pacific is projected to develop at a CAGR of 1.33%
between 2014 and 2020. The growing industrialization in Asia Pacific,
backed by the stable economic conditions resulting in high disposable
incomes, is driving this market.
In the Middle East,
the railcar mover market is fueled by the escalating expenses for
logistics in the natural gas, crude oil, and mining industries,
whereas the betterment in economic condition and rapid
industrialization in the Rest of the World regional segment is
projected to add to the growth of the railcar mover market in the
Rest of the World in the coming years.
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Railcar Mover Market :
Shuttlewagon,
Trackmobile, and Railking Control Global Railcar Mover Market
Manufacturers in the
global railcar mover industry play a crucial role in technical
modification and pricing of railcar movers as well as consistency in
the value chain of the global railcar mover market. The production of
railcar movers depends on the demand from the oil and gas, mining,
and manufacturing industries. The manufacturers are highly competent
and maintain the price pressure on the regional raw material
suppliers operating in the industry.
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The global market
for railcar movers is highly consolidated, with three key players -
Shuttlewagon, Inc., Trackmobile, Inc., and Railking – accounting
for the majority of the overall market. Other prominent participants
of this industry supplying products to end-use industries are Brandt
Road Rail Corp., Railquip, Inc., and Stewart & Stevenson, LLC.
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