The article cited AMA's "Global Heavy Rail Market Study" explored CAGR of %. According to the report, Rising demand for scrap produced during steel making is one of the primary growth factors for the market. Increased demands across various end users
is also expected to contribute significantly to the Heavy Rail market. Overall, Railway Transit
applications of Heavy Rail, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Power Source, such as Diesel, is boosting the Heavy Rail market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Heavy Rail market identified that the demand is rising in many different parts of the world as "Increasing construction activities and infrastructure in the Asia-Pacific region". Furthermore, some recent industry insights like "Tata Steel said its step-down subsidiary, T.S. Global Holdings Pte Ltd (TSGH), has signed definitive agreements with China's HBIS Group to divest a majority stake in its South East Asia (SEA) business" is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Heavy Rail market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Heavy Rail market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Heavy Rail market size is calculated using market estimation process, the Heavy Rail market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Heavy Rail market size has been validated using both top-down and bottom-up approaches.