Global Rail Wagon Market Overview:
Rail wagon refers to transportation of cargo by unpowered railway vehicle. Development of rail infrastructure is the essential element for economic development of the countries. Growing research and development for modernization of techniques such as producing wagon from composite material, develop cost-effective wagon with improved lifecycle, reduce problem during exploitation, and production of the lightweight wagon with more carrying capacity are the key factors driving the rail wagon market. Some of the key players profiled in the study are Kiruna Wagon AB (Sweden), Texmaco Rail & Engineering Limited (India), Hindustan Engineering & Industries Ltd. (India), CFR Marfa (Europe), PKP Cargo (Europe), SNCF International SA (France), Canadian National Railway Company (Canada), DB Schenker (Germany), SBB Cargo (Switzerland), Baltic Rail AS (Europe), Union Pacific Corporation (United States), CTL Logistics (Germany), Colas Rail SA (France), Genesee & Wyoming Inc. (United States), Rail Logistics, LC. (United States), RSI Logistics Inc. (United States) and Tschudi Logistics Holding AS (Norway).
On the basis of geography, the market of Rail Wagon has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by By Industry Vertical, the sub-segment i.e. Mining will boost the Rail Wagon market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Owner Type, the sub-segment i.e. Private Owner will boost the Rail Wagon market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Freight Transportation Activates Owing To Rapid Industrialization
- Adverse Effect on Freight Transportation Owing To Economic Slow Down
- Emphasizing On Manufacturing of Corrosion Resistant Wagon of Low Weight with High Load Carrying Capacity
- Problems Associated with Rail Wagons life Circle
- Expansion of Rail Networks in Emerging Countries
- Fluctuating Raw Material Prices
Major Market Developments:
21 October 2018, India the fourth largest rail network market in the world have 90% private players in the rail wagon market produced over 2000 wagon till October 2018. Which is less as the total ordered wagon was over 10,000 from ten leading players of the market. Hence, the Indian railway is emphasizing on improving speedy manufacturing of rail wagon.
Rail wagon market is fragmented owing to the number of players present in the market. Growing government initiatives towards developing rail infrastructure generating lucrative opportunities for the companies involved in the production of rail wagon.
Rail Wagon Manufacturers, Business Entities, Government Bodies, Research centers and Consulting Firms and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Rail Wagon market on the basis of product [Open Wagon, Box Wagon, Covered Wagon, Flat Wagon, Intermodal Wagon, Tank Wagon and Other] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Rail Wagon market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Rail Wagon industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Ozark Rail Logistics (United States), Vehix, Inc. (United States), VTG Rail Logistics (Germany) and BNSF Railway (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Rail Wagon market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.