Irving, TX (PRWEB) August 14, 2012
The global rail passenger equipment manufacturing and services industry generated revenue of US $148.6 in 2011 is expected to grow with a CAGR of 3% over the next five yearsand reach $178.3 billion in 2017. Europe that emerged as the dominating region is expected to do so along with APAC and drive the industry over the next five years.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the global passenger rail equipment manufacturing and presents its findings in "Global Passenger Rail Equipment Manufacturing and Services Industry 2012-2017: Trend, Profit and Forecast Analysis."
The industry consists of rolling stock, systems and signals, services and infrastructure. The industry is consolidated with top five and top players accounting for approximately 34.3% and 42.3% respectively. The competitive landscape has remained almost unchanged since 2006, Bombardier, China South Locomotive and Rolling Stock Corporation Limited, Kawasaki, Ahlstom, Siemens AG being the top 5 players.
The industry has witnessed notable growth ratio as the rolling stock segment with its increased demand of metro rails, commuter rails and mono rails majorly attributed to it. Increasing urban population and GDP per capita reflects a positive impact as it improves the consumers’ ability to travel through rail.The industry has certain concerns pertaining to the cost structure as there is a rise in contract cost including material, direct labor, manufacturing overhead and warranty.The fluctuation in oil price is also a matter of concern because of differences in the cost structures of the railway companies.
This report aims to project a forecast for the future development of the global rail market and also provides new insights and strategic implications on the qualitative and quantitative results of the market model. Major OEMs and railway equipment suppliers, making systems, subsystems and components for rolling stock, are playing a critical role in the rail revolution worldwide with a focus to meet the growing needs and expectations of rail and transit authorities in terms of quality, safety and reliability.
For a detail table of contents and pricing information on these timely, market reports, contact Lucintel at +1-972-636-5056 or via e-mail at email@example.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight and cost efficiency.