Railcar Mover Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020

The global railcar mover market is teeming with opportunities for regional as well as multinational manufacturers of railcar movers on account of extensive growth in the railway transit network in Asia Pacific. Furthermore, the investment in railroad infrastructure, which has reduced shipment costs and pollution while increasing access to products, has encouraged the global market. Technical advancement in railcar movers to make them electrically powered in order to reduce cost and fossil fuel consumption is also expected to present the market with novel opportunities.

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The ability of railcar movers to run on roads as well as rail tracks is the key growth driver of this market. These movers also consume less fuel than traditional railways, which is another advantage supporting this market. The increasing demand for rail equipment and services is also propelling the global railcar movers market further. In addition to this, the rise in the construction, chemical, production, and agricultural industries, together with the increasing number of railroads, is stimulating the demand for railcar movers across the globe. However, the market is facing a global challenge owing to low penetration in nationalized railway transit networks. The analysts at leading market research firm Transparency Market Research (TMR) expect the global railcar mover market to develop at a CAGR of 1.02% between 2014 and 2020.

Asia Pacific to Register Fastest Growth among Regional Railcar Mover Markets

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The global railcar mover market is distributed among the regional markets in North America, Europe, Asia Pacific, and the Rest of the World. The railcar mover market in North America dominated the global industry in 2013 and is expected to...