Railways: A Global Outlook
San Jose, California (PRWEB) January 11, 2012
Follow us on LinkedIn – The economic downturn negatively impacted the global rail industry, resulting in a decline in the demand for rail transportation. In particular, freight volumes witnessed a drastic fall of up to 30%. Such conditions adversely affected the rail supply industry, particularly across the US, CIS and Europe. In view of the economic crisis, global governments announced stimulus packages as well as rescue plans to revive the economy. A significant portion of these packages was aimed at the transportation sector, and are hence providing favorable opportunities for the rail transport sector. Such packages are particularly useful for projects (such as rolling stock) wherein public sector rail operators are key players and hence are dependent on government funding for their projects.
Explosive population growth, rapid economic development, growing urbanization, and increasing traffic congestion is driving governments to focus on the railways sector to address the needs of the transportation sector. Rail transportation holds an edge as it is more energy efficient than air, water, and road transportation, which is significant considering the rising fuel prices and increasing energy shortage. The growing demand for energy efficient and green transportation technologies is expected to favor rail transportation sector. These factors are in turn expected to drive the demand for rolling stock, systems and services.
Railways sector requires continuous investments for the modernization or replacement of existing rolling stock. Increasing competition among operators, increasing ridership, and the need to enhance passenger comfort are driving the demand for replacement of aging fleets. In addition to infrastructure replacement, there also exists a need for modernizing signaling equipment in order to improve network capacity and safety, a requirement that is particularly high in North America and Europe. In view of the enormous installed base, replacement, service and renewal are major driving factors for the global rail supply market.
Growth in the global passenger railcars market would be driven by expanding economies, growing environmental concerns, and the need to address congestion and noise caused by personal vehicles. Europe is expected to continue holding ground as the largest regional market for passenger railcars, followed by Asia-Pacific. Since Asia is a developing economy and also has the largest passenger-kilometer compared to other economies, Asian countries are expected to fare better in the rail market. In particular, high speed trains in China, Japan and Korea, as well as the metro trains in various Indian cities are expected to boost passenger rail market in the Asian region. Between 2010 and 2015, China is expected to emerge as the largest market for high speed trains. On the other hand, North American passenger rail market is likely to grow at a slower pace due to the higher demand for personal cars in the region.
The research report titled “Railways: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an overview of the global railways industry, identifies major short to medium term market challenges, and growth drivers. Regional markets elaborated upon include United States, Canada, Mexico, Japan, Germany, Poland, Spain, UK, Russia, Turkey, China, India, and Indonesia, among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.
For more details about this comprehensive industry report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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