Railcar Mover Market to Rise due to Increasing Activities of Export and Import and GDP Gains

A new Transparency Market Research report states that the global railcar mover market is predicted to expand at a CAGR of 1.02% between 2014 and 2020. The title of the report is “Railcar Mover Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”.

According to this report, a railcar mover is used for moving railroad cars within a rail siding or a small yard and has fitted couplers in it. Railcar movers can travel on both roads as well as rail tracks and have been utilized extensively owing to them being more convenient and economical in comparison to locomotives. The report states that the swift industrialization and increasing economic activities in numerous regions globally are poised to stimulate the market in the coming years. In addition, the GDP gains, economic prosperity, and swift industrialization in emerged countries in Rest of the World and Asia Pacific have raised the development prospects of the railcar mover market in the forecast horizon.

Furthermore, the low consumption of fuel by railcar movers hasalso raised their demand globally, thus having a positive effect on the market. The increasing import and export of mineral and chemicals, automobiles, construction materials, and food and beverages have also stimulated the market for railcar movers globally. On the other hand, the low rate of penetration within nationalized railway networks may impede the growth of the market in forthcoming years.

The report segments the railcar mover market on the basis of geography into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, in 2013, North America led the market for railcar movers owing to the huge investments and rising research and development activities taking place within the market for railcar movers in this region. In addition, the rising production of natural gas, oil, coal, and biofuels in this region has raised the demand for railcar movers.

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However, as per the report, in the coming years, the North America railcar movers market is predicted to lose its dominant position and will be surpassed by the Asia Pacific railcar mover market. In the forecast horizon, the railcar mover market in North America is poised to expand at a sluggish 0.69% CAGR, whereas the railcar mover market in Asia Pacific is predicted to expand at a 1.33% CAGR from 2014 to 2020. This is owing to the increasing disposable incomes of consumers, growing economies, and GDP gains in countries in Asia Pacific. The Middle East railcar movers market is also expected to grow exponentially in the forecast horizon.

As stated in the report, the prime manufacturers of railcar movers within North America are Trackmobile, Shuttlewagon, and Railking. Other key players operating in the market are Brandt Road Rail Corp., Railquip Inc., Unilokomotive, Unimog, Zweiweg, Zwiehoff, Zephir, and UCA.

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This release was published on openPR.