World Railroads Market to Reach $944 Billion by 2015, According to New Report by Global Industry Analysts
Driven by the growth in passenger and freight traffic, world railroads market is forecast to reach $944 billion by the year 2015. Future growth is expected to stem largely from the developing Asian markets.
San Jose, CA (PRWEB) April 15, 2009 -- Railroads contribute significantly to a country's economy, and governmental assistance provided to railroad companies ranks as major growth driver. Demand for fast and low cost passenger and freight transportation, and increased private railway participation and market liberalization, especially in the developed markets, will remain key factors driving growth in the market. Rail offers an efficient, economical, and profitable means to transport goods. Rail transportation reduces highway costs and increases the capacity of transportation system. Rail enables safe and secure transportation of freight especially for hazardous materials and offers emergency response during military mobilization and national emergency. Rail is more fuel-efficient and is relatively less polluting.
Asia Pacific, CIS and Eastern Europe are forecast to emerge into lucrative markets in the upcoming years. Primary growth contributors in these regions include urban traffic congestion, rising rail traffic, intense urbanization, and industrialization. The government's emphasis on developing public transportation is additionally expected to result in huge investments in new infrastructure with light rail projects assuming a prominent place in overall developments. China, for instance, is accelerating the development of its subway and railway systems. Asia-Pacific dominates the world railroads market.
Key players operating in the market include - Aeroexpress Ltd, Arriva Plc, BNSF Railway, CSX Corporation, Con-way Inc, Canadian National Railway Company, Canadian Pacific Railway Ltd, Deutsche Bahn AG, First Group Plc, The Go-Ahead Group Plc, Indian Railways, Kansas City Southern, National Express Group Plc, National Railroad Passenger Corporation, Norfolk Southern Corporation, NSB AS, Schenker AG, Sinotrans Ltd, Trinity Industries Inc., Thalys International, Union Pacific Corporation, and Veolia Transport Ltd, among others.
The report titled "Railroads: A Global Market Report" published by Global Industry Analysts Inc., provides a comprehensive review of the industry, market trends, issues, challenges, and drivers, profiles of major players, and recent industry activity. The study quantifies latent demand potential in key markets, including Passenger Traffic and Freight Traffic. Quantitative analysis is also provided for major geographic market verticals including Asia-Pacific, among others.
For more details about this research report, please visit http://www.strategyr.com/Railroads_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com
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