Global Railway Maintenance Machinery Market to Grow at a CAGR of 9.30% to 2021

MarketResearchNest.com adds “Global Railway Maintenance Machinery Market 2017-2021” new report to its research database. The report spread across 67 pages with table and figures in it.

Research analysts forecast the global railway maintenance machinery market to grow at a CAGR of 9.30% during the period 2017-2021.

About Railway Maintenance Machinery
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.
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.
Browse full table of contents and data tables at

https://www.marketresearchnest.com/global-railway-maintenance-machinery-market-2017-2021.html

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.

Technavio Announces the Publication of its Research Report – Global Railway Maintenance Machinery Market 2017-2021

Technavio recognizes the following companies as the key players in the global railway maintenance machinery market: CRCC High-Tech Equipment, Harsco, Loram Maintenance of Way, Plasser & Theurer, ROBEL Bahnbaumaschinen, and Speno.

Other Prominent Vendors in the market are: Strukton, American Equipment Company, Beijing Yan Hong Da Railway Equipment, GEATECH Group, Herzog Railroad Services, MFL Maschinenfabrik Liezen, Teräspyörä-Steelwheel Oy, and Vortok International.

Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is Maglev trains. Magnetic levitation trains, commonly referred to as Maglev trains, use magnetic suspension to move the vehicle without making contact with the track. Maglev trains maneuver over a guideway and work on the basic principles of magnets to replace old steel wheel and track trains.”
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According to the report, one of the major drivers for this market is Growing electrification of railways. The electrification of railways is economically more viable and environmentally friendly than diesel powered trains. The electrification of railways results in a significant reduction in emissions. Emissions associated with electric trains are highly variable and depend on the source of electricity generation. The reduction in emissions due to the absence of fuel burning during transit also prevents pollution. Moreover, electric trains can easily handle more station stops due to faster acceleration and deceleration than diesel engines.

Further, the report states that one of the major factors hindering the growth of this market is Slow progress of railway projects. The construction of railway lines requires clearances from various departments. In addition, it involves investments and skilled labor. Getting clearances is a tedious and time-consuming process, which results in the delay of railway projects. Moreover, the railway sector in many developing and developed countries is solely government-owned and not privatized.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

 

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