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Railcar Mover Market: Rising Industrial Sector in Southeast Asia to Benefit Utilization of Railcar Movers

12-06-2016 01:54 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR

Railcar Mover Market: Rising Industrial Sector in Southeast

The global railcar mover market is dominated by companies such as Shuttlewagon, Trackmobile, Zephir S.p.A., and Railking, according to Transparency Market Research. While the market remains intensely competitive, the high investment costs required to manufacture railcar movers on a large scale are expected to keep the established players safe from new entrants in the coming years. The crucial utility of railcar movers also means that there are no viable alternatives to railcar movers, which will also help the industry retain its clout in the coming years.

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Versatility of Railcar Movers a Key Asset in Market Growth

Railcar movers contain both road and rail wheels and are thus used in railway yards as an alternative to locomotives. Their usability on both the road and the rails makes them incredibly cost-effective, especially when compared to locomotives. This allows railcar movers to efficiently transport materials from road-based transportation to railways, and vice versa, at relatively low fuel costs. Their high fuel efficiency is a key reason for their widespread use, as the only alternative to railcar movers are locomotives, which consume much more fuel than railcar movers.


The relatively simpler design of railcar movers also results in lower installation and maintenance costs than locomotives.

Industrialization in Emerging Economies Makes Railcar Movers Increasingly Relevant

On the other hand, the low penetration of the railcar mover market in the nationalized railway networks in developing economies is an influential restraint. While countries such as India, China, and Russia primarily rely on locomotives due to their widespread electric railway networks, the U.S. is a key contributor to the global railcar mover market.

However, the rising industrial and manufacturing sectors in countries such as China and India bode well for the railcar movers market. The expansion of the manufacturing sector will lead to an increased demand for various raw materials, which is likely to lead to an increased use of railcar movers in these countries.

The consistent advancements in the technological scenario of the railcar mover industry are also expected to be crucial in the market’s future. The increasing focus on environmental conservation observed in Europe is likely to result in the development of eco-friendly railcar movers that consume less fuel than the current railcar movers or run on alternative energy sources.

North America Market’s Dominance Likely to be Overshadowed by Asia Pacific Market’s Growth

At present, North America leads the global railcar movers market due to their widespread use in the U.S. The increasing production of fossil fuels and the large industrial sector in North America are likely to be crucial drivers for the railcar movers market in the coming years. However, the Asia Pacific railcar mover market is likely to exhibit rapid growth in the next few years due to the increasing economic development in Southeast Asian countries.

The global market for railcar movers was valued at US$330.4 mn in 2013 and is expected to rise to US$353.9 mn by 2020, exhibiting a 1.02% CAGR between 2014 and 2020. The information presented in this review is based on a Transparency Market Research report, titled, ‘Railcar Mover Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.’

The global railcar movers market is segmented as follows:

Railcar Mover Market: By geography

North America
Europe
Asia Pacific
Rest of the World

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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