Railcar Movers Market by Application and Geography - Forecast and Analysis 2020-2024
- Published: Jul 2020
- Pages: 120
- SKU: IRTNTR44488
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The railcar movers market size has the potential to grow by USD 2,904.43 thousand during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by application (metal and mineral, oil and gas, and CCC) and geography (APAC, North America, Europe, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BOSS RAILCAR MOVERS, Calbrandt, Mitchell Equipment Corp., Nordco Inc., Railquip Inc, Shuttlewagon Inc., STEWART & STEVENSON LLC, Trackmobile LLC, Unilokomotive Ltd., and ZAGRO Bahn- und Baumaschinen GmbH.
What will the Railcar Movers Market Size be in 2020?
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Who are the Major Railcar Mover Vendors?
The market is concentrated. Vendors are focusing on strengthening their long-term financial stability by investing in the emerging economies and markets, the expertise of people, and expanding service offerings. Vendors are also using the latest technology for both safety and reliability. BOSS RAILCAR MOVERS, Calbrandt, and Mitchell Equipment Corp. are some of the major market participants. Although the energy-efficiency of railroad transportation will offer immense growth opportunities, the impact of COVID-19 pandemic will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this railcar movers market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this railcar movers market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- BOSS RAILCAR MOVERS
- Mitchell Equipment Corp.
- Nordco Inc.
- Railquip Inc
- Shuttlewagon Inc.
- STEWART & STEVENSON LLC
- Trackmobile LLC
- Unilokomotive Ltd.
- ZAGRO Bahn- und Baumaschinen GmbH
Which are the Key Markets for Railcar Movers?
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APAC was the largest railcar movers market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Expansion of rail network in China to Europe and Russia through the Silk Road Project and One Belt One Road (OBOR) projects and the progressing work on rail freight corridors will significantly drive railcar movers market growth in this region over the forecast period.
51% of the market’s growth will originate from APAC during the forecast period. China and Australia are the key markets for railcar movers in APAC. Market growth in this region will be faster than the growth of the market in regions.
What are the Major Application Segments in the Railcar Movers Market?
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Railcar movers in the metal and mineral industry are common in Europe and the US. Growth in the mining industry in Europe will result in more transportation of minerals and metal through railcars, which will increase the demand for railcar movers. Therefore, the railcar movers market share growth by the metal and mineral segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the railcar movers market size.
How will Energy-efficiency of Railroad Transportation Influence Railcar Movers Market Growth?
The railcar movers market will register a CAGR of over 1% by 2024. The energy-efficiency of railroad transportation is one of the major factors driving market growth. Railroad transport functioning with the support of railcar mover is effective and efficient as it can handle a large volume of cargo in a short span of time. With advances in technology, railcar movers are now built with hybrid engines that are not impacted by volatility in the crude oil prices. This will increase the cost-effectiveness of railcars, which will subsequently influence the railroad car mover market growth.
The integration of the Internet of Things with technologically driven train car movers is one of the key railroad car mover market trends. The integration of electronic devices with sensors in railcar movers will help in monitoring various statistics such as fuel level, track speed, and throttle position. IoT-enabled railcar movers have increased efficiency and higher productivity and also facilitates the easy collection, analysis, and operation of data. Additionally, IoT offers various functions such as real-time tracking equipment, predictive maintenance, GPS tracking, and fuel management. These beneficial factors will drive the integration of IoT in railcar movers.
What are the Key Factors Covered in this Railcar Movers Market Report?
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive railcar movers market growth during the next five years
- Precise estimation of the railcar movers market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the railcar movers industry across APAC, North America, Europe, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of railcar movers market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Russian Federation
- Saudi Arabia
- Railroad transportation is energy efficient
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