14 January 2019, The U.S. Rail Infrastructure Market is projected to reach USD 5.93 billion by 2025. The market is expected to witness a lucrative growth on account of increasing population and demographics in this country. United States is becoming an urbanized country and it is anticipated that it will cover larger network of metropolitan areas. Growing population and effective investment in transportation infrastructure is anticipated to add rail Infrastructure market growth over the forecast period. According to U.S. Department of Transportation, Federal Railroad Administration, U.S. rail industry consist of 140,000 rail miles operated by class 1 railroads, 510 local railroads, and 21 regional railroads. Industry also provides 221,000 jobs across United States and also offers various public benefits such as highway fatalities, logistics cost, greenhouse gases and fuel consumption, reduction in road congestion, and public infrastructure maintenance cost.
Rising passenger volume, increasing number of rail routes and network, rolling infrastructure and stock, growing awareness regarding passenger rail is anticipated to boost the U.S. rail infrastructure market over the forecast period. Increasing invest to modernize and expand the capacity of the rail and to purchase the equipment is anticipated to add U.S. rail infrastructure market over the forecast period. However, growing dominance from automobiles and airplanes is anticipated to be the key restraint for U.S. Rail Infrastructure Market.
Railroads are continuously developing and researching high tech innovations to enhance rail operations which in turn is expected to add market growth. Growing investment in locomotives, freight cars, computer equipment, highway equipment, and other equipment is anticipated to add U.S. rail infrastructure market growth over the forecast period. According to American Public Transportation Association, in 2016, number of light rail passengers in 14 United States cities grew by an average of 4.3%, whereas Houston, New Orleans, Baltimore, Seattle, and Phoenix showed nearly double-digit growth. Increasing problems related to traffic congestion as well as parking capacities had led parliaments and many city administrations to rediscover the advantage of mass transit. As a result, there are cities in United States that especially seeking to make neighborhoods around rail stations more attractive and others making less crowded areas more attractive by providing new rail lines. Increasing investment on rail infrastructure is expected to boost the market over the forecast period. According to U.S. Department of Commerce, U.S. freight operators invested over 600 billion dollars from 1980 to 2015 for the maintenance and expansion of train fleets and rail infrastructure.
Rail infrastructure industry in United States is consolidated in nature with limited number of industries operating in this country accounted for most of the market shares. Some of the well-known players in this industry include National Railroad Passenger Corporation, BNSF Railway Company, Norfolk Southern Corp, The Kansas City Southern Railway Company, and Union Pacific Railroad Company. In addition, approval of light rail extension projects in this country is expected to add market growth over the forecast period. For instance, in November 2017, Massachusetts Bay Transportation Authority approved build and design agreement for Boston’s green line light rail extension.
Hexa Research has segmented the U.S. rail infrastructure market report based on type and ownership:
Segmentation by type, 2015 - 2025
• New track construction
• Track addition & maintenance
Segmentation by ownership, 2015 - 2025
• Private rail road
• Public rail road
Key players analyzed:
• National Railroad Passenger Corporation
• BNSF Railway Company
• Norfolk Southern Corp
• The Kansas City Southern Railway Company
• Union Pacific Railroad Company
The report "Rail Infrastructure Market by Infrastructure (Rail Network, New Track Investment and Maintenance Investment), by Type (Locomotive, Rapid Transit Vehicle and Railcar) and Region (Europe, Asia-Pacific, North America and RoW) - Global Forecast 2020.
The increasing urbanization across the globe and railway privatization in growing economies of Asia-Pacific are some of the key drivers fueling the growth of the rolling stock infrastructure market.Download our free PDF Brochure and gain crucial industry insights that will help your business grow:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=84436162Railroad car market: Set to grow at the highest CAGR market, in terms of value, during forecasted periodThe report segments the global rail infrastructure market on the basis of type into railroad, rapid transit, and locomotive.
Locomotives are traditionally used to haul freight and passenger wagons for long distance main line transport.
The growth of this market can be attributed to factors such as the growing global population, increasing urbanization, rising need for cleaner and faster modes of transportation, and economic growth.Request for free Customization:https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=84436162Asia-Pacific: Fastest-growing’ market, in terms of value, for rolling stock and its infrastructureAsia-Oceania comprises emerging and developing economies such as India, China, Japan, and Korea, and is experiencing a considerable growth in population.
The region houses major players such as CSR Corporation Ltd. (China) and Kawasaki Heavy Industries Ltd. (Japan).Request for sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=84436162North America:Promising market for rolling stockNorth America is witnessing a growth in the demand for locomotives and rapid transit vehicles, which is positively impacting the rolling stock infrastructure industry.
An increasing number of Eastern European and Asian players are forming joint ventures with U.S. manufacturers, as the rolling stock manufactured in the North American region is considered technologically advanced.
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