About Railcar Movers
Railcar mover is a vehicle that is capable of traveling on both rail and road tracks. It acts as a supporting role in the movement of railcars from rail to road or vice-versa. Railcar mover is used more compared with switcher locomotive as it is more economical and convenient in the process of switching operations because of its versatile nature. Railcar movers are extensively used in freight transportation worldwide. Rail freight transportation is used for the movement of raw materials, goods, coal, crude oil, metals and minerals, chemicals, and agricultural products. Railcar movers are widely used as an alternative to locomotives in railway yards, manufacturing, oil refineries and mining industries. The dual usability of railcar movers makes them an economical option. These vehicles have high reliability, consistent performance, and greater fuel efficiency as compared with other modes of transportation.
Technavio’s analysts forecast the global railcar movers market to grow at a CAGR of 1.55% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global railcar movers market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of railcar movers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Railcar Movers Market 2017-2021
Technavio recognizes the following companies as the key players in the global railcar movers market: Trackmobile, Shuttlewagon, Unilokomotive, and Rail King.
Other Prominent Vendors in the market are: Railquip, and ZAGRO Group.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is integration of intelligent system in railcar movers. Intelligent railcar mover has integrated intelligent systems such as Telematics and advanced IT and monitoring system that help in increasing the efficiency of operations. Information regarding the movement and speed of railcar movers is recorded on the real-time basis, which is shared with all stakeholders within the supply chain.”
According to the report, one of the major drivers for this market is Railroad transportation is energy efficient. Railroad transportation that requires the support of railcar movers is an effective mode of transportation as it can handle a large volume of cargo in short span of time as compared with road transport. An average number of 64 trucks are required for handling cargo of this volume, which is possible by a single train.
Further, the report states that one of the major factors hindering the growth of this market is Highly concentrated market. The global railcar movers market is highly concentrated as there are a limited number of market players that constitutes around 95% of the global market share. Trackmobile, Shuttlewagon, Unilokomotive, Rail King and Zagro Group are the five key players operating in the global railcar movers market. Hence, the challenge faced by the companies is to find out ways to differentiate products they offer from their competitor. Rail King, a railcar mover manufacturer, is focusing more on maximizing safety, increasing efficiency, and operator comfort. Also, Trackmobile, a leading railcar mover manufacturer, implemented innovative technologies such as MAX-TRAN automatic weight transfer management and MAX-TRAC ABS for helping railcar movers to ease the workload.
Trackmobile, Shuttlewagon, Unilokomotive, and Rail King. Railquip, and ZAGRO Group.