Railways - A Global Outlook
San Jose, California (PRWEB) September 1, 2008
Worldwide commercial railway systems are characterized by widespread diversity. For instance, the European railway network is government controlled, while the railways industry in the United States has been privatized. A majority of the railway systems across the world are managed by national governments, due to the enormous funding and infrastructure development activities involved in the sector. Privatization is one of the major ongoing developments in the global rail transport industry. Several governments across the world are looking at ways to transfer railway operations into private hands.
Technological developments are expected to charge up the global railways sector. Advanced technology-based locomotives and hybrid battery and diesel locomotives are major developments that are expected to transform railway operations in terms of safety and efficiency. Advancement in technologies related to design of components, railway systems, magnetic levitation systems, among others are expected to result in improved safety, and faster and efficient transportation of passenger and freight traffic. Lighter, high-speed train systems, and driverless and super fast trains are other focus areas for the worldwide railways industry.
Growing fleet of aging locomotives is a major driving force for the global railways industry. Locomotive sales across the world are largely influenced by emission and pollution control regulations. Following the implementation of new EPA emission standards, sales of locomotives that satisfy these regulations is expected to witness rapid growth. The use of railway systems for cargo transportation is on the rise across several countries including United States, China, India, and Egypt. Growth in the railway freight market depends on numerous factors including cargo volume, distance covered, and value of cargo. In United States, freight transportation accounts for a dominant share of the total rail traffic, while volume of passenger transportation is significantly higher in Japan and Europe.
Asia offers enormous growth opportunities for the railways industry, with developing countries such as India, China, Malaysia and Singapore attracting enormous investments in the sector. China and India are the leaders in Asian railways market, largely attributed to their vast population base that necessitates the use of railways for transporting large volumes of passenger traffic. Majority of the Asian countries are opting for light and metro rail development projects, which are generally funded by western firms. A major growth area for the Asian railways is the cross-border traffic link between Western Europe and Asia. Development of door-to-door logistics and interoperable technology would enable the establishment of a seamless network of cross-border railway traffic connecting Asia and Western Europe.
The report titled "Railways - A Global Outlook", published by Global Industry Analysts Inc, provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a brief overview of the market and noteworthy railway projects undertaken the world over. In addition to North America, the report also includes preludes to key European, and Asian markets including Germany, UK, Czech Republic, Indonesia and China, among others. The report recapitulates recent developments, mergers, acquisitions, and other strategic industry activities. Also included is an easy-to-refer, fact-finder directory of 139 companies worldwide, with addresses and contact details of each company.
For more details about this research report, please visit
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site http://www.StrategyR.com