Rail Infrastructure Market
Added: (Wed Mar 06 2019)
Pressbox (Press Release) -
Transparency Market Research in its new report titled, “Rail Infrastructure Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the rail infrastructure market. The TMR report anticipates that the increase in demand for transportation due to rapid globalization will drive the rail infrastructure market during the forecast period i.e, 2018-2026. In addition, the rapidly aging transport infrastructure is likely to drive the rail infrastructure market globally. Old urban transport systems can no longer cope with present requirements. Moreover, natural catastrophes such as earthquakes and landslides have led to the destruction of infrastructure in some areas. To address these problems and meet requirements, governments and investors are investing large amounts of money in infrastructure projects, says the report.
The TMR report has segmented the global rail infrastructure market based on infrastructure, type, and region. Based on infrastructure, the rail infrastructure market is bifurcated into rail network and two other segments. The increase in population in urban areas is anticipated to fuel the rail network segment in the near future. Increase in rail traffic is expected to boost investments in rail and rail track maintenance. In terms of type, the rail infrastructure market is classified into locomotive, rapid transit vehicle, and railcar. Locomotives are traditionally used to haul freight and passenger wagons for long distance main line transport. However, vehicles such as metros, light rail vehicles, and subways are being used for intra-city as well as intercity transportation. The expansion of the rail infrastructure market can be attributed to factors such as rise in global population, increasing urbanization, rising need for cleaner and faster modes of transportation, and economic growth.
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From a regional perspective, the rail infrastructure market is divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific region comprises emerging and developing economies such as India, China, Japan, and South Korea. The region is experiencing a considerable growth in population. The rolling stock industry in the region is witnessing a rise in demand after a weak performance during the global recession. Global OEMs are investing in this region, following new market opportunities. Increasing urbanization, reduction of road congestion, and technological advancements in rolling stocks are driving expansion of the rolling stock infrastructure industry in Asia Pacific. Major players operating in the rail infrastructure market are profiled in this report to give a better competitive analysis and these include CSR Corporation Ltd, Kawasaki Heavy Industries Ltd., GE Transportation, Bombardier Inc., Alstom SA, Siemens AG, and others.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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