Press release
Railway Maintenance Machinery Market Globally Grow at a CAGR of 9.30% by Revenue During the Forecast Period 2017-2021
Railway maintenance machinery consists of small equipment and work vehicles that are used for the maintenance of tracks. Efficient transportation systems play a pivotal role in determining the economic development of a nation. The railway is an important mode of land transportation for people and goods. The key advantage that railway transport offers over road transport is the ability of trains to carry a large number of passengers and heavy loads across long distances.
Technavios analysts forecast the global railway maintenance machinery market to grow at a CAGR of 9.30% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global railway maintenance machinery market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Railway Maintenance Machinery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
CRCC High-Tech Equipment
Harsco
Loram Maintenance of Way
Plasser & Theurer
ROBEL Bahnbaumaschinen
Speno
Other prominent vendors
Strukton
American Equipment Company
Beijing Yan Hong Da Railway Equipment
GEATECH Group
Herzog Railroad Services
MFL Maschinenfabrik Liezen
Terspyr-Steelwheel Oy
Vortok International
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Market driver
Growing electrification of railways
For a full, detailed list, view our report
Market challenge
Slow progress of railway projects
For a full, detailed list, view our report
Market trend
Maglev trains
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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