DUBLIN, Ireland-- Research and Markets’ report on the "Global Rail Equipment Manufacturing and Services Industry 2013-2018, suggested that the industry is moderately consolidated with the top 10 players accounting for just over one-fourth of revenue in 2012.
The market is expected to grow as rail transportation industry continues to expand, relatively unfettered by rising fuel prices and environmental concerns that hamper other modes of transportation, said the reoirt, Long-term growth prospects are expected to be good for the industry, driven by population growth, urbanization, global trade expansion, and increasing environmental awareness.
A combination of factors such as increasing urban population, replacement of aging rail equipment, rail infrastructure development, environmental issues, and government regulations also greatly affect industry dynamics, the report added.
The report analyzes that the industry faced challenges from the increasing global unemployment rate due to the economic meltdown and the Euro zone debt crisis. This adversely affected the global consumption rate, especially on consumer electronics and the real estate industry. The global inflation rate rose during 2011, which had a negative impact on the food, retail, consumer electronics, and real estate industries.
This report discusses the key drivers of the industry. Increasing GDP per capita possesses a positive impact related to demand, which is reflected in the ability and propensity to pay for travel by rail. The industry made large investments in technological innovation globally during the last five years, a key driver for the industry.
This study is intended to provide industry leaders with a competitive benchmarking of global rail equipment manufacturing and services industry. It also provides up-to-date information on the market share, profit margins, capabilities, and strategies of the leaders. It helps current suppliers realistically assess their performance vis-a-vis leading competitors. It is designed for executives with strategically significant data analysis and insight, critical to the development and implementation of effective marketing and sales plans.