Global Rail Track Components Market 2018-2022

The infographic below contains key findings from our analysis of the rail track components market

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Overview of the rail track components market

Technavio’s market research analysts have identified the rising demand for rail logistics as one of the primary factors that will trigger the growth of the rail track components market in the coming years. Several manufacturers and vendors are inclining toward rail transportation over road transportation and are an ideal choice for several business segments. Road transportation face several hurdles like infrastructure deficiencies, unstable fuel prices, and the driver shortage. Moreover, government policies that are focused on restricting the working hours of the drivers and limiting the movement of heavy trucks, are also responsible for the increasing demand for rail transportation. Rail transportation has several advantages such as reliability, cost-effectiveness, and environmental friendliness. These factors are increasing the demand for freight trains over road transportation and are expected to contribute to the growth of railway lines in the next five years. Our market research analysts estimate that this market will grow steadily at a CAGR close to 10% by 2022.

The regenerative braking energy is one of the key trends in the railway components market. Electric railways are considered as fast and quiet means of transport as compared with diesel powered trains. The moving train loses its energy when a brake is applied in electric trains. The lost energy can be captured with ease, but redistribution of that energy is a tough task. To solve this problem, several types of research are being conducted to effectively capture and redistribute the lost energy during braking by utilizing smart grids.

Companies covered

The rail track components market is highly fragmented owing to the presence of several players. This industry research report provides information about the competitive environment among the players in this marketspace. Moreover, our analysts also provide strategies and areas that the vendors should follow to improve their market shares and sustain the competitive environment in this railway track components market.

The report includes an analysis of a number of companies in this marketspace including -

• AGICO GROUP
• Harmer Steel
• HeidelbergCement
• Kimes Steel & Rail
• ROYAL INFRASTRU
• Vossloh

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Geographical segmentation and analysis of the rail track components market

• Americas
• APAC
• EMEA

APAC accounted for the maximum shares of the market during 2017. Our analysts have predicted that though APAC will witness a decline in its market share in the next five years it will contribute to the maximum growth opportunities to the vendors throughout the next few years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global rail track components market?
• What are the key market trends impacting the growth of the global rail track components market?
• What are the challenges to market growth?
• Who are the key vendors in the global rail track components market?
• What are the market opportunities and threats faced by the vendors in the global rail track components market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global rail track components market?

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