Global Train Loaders Market 2017-2021
About Train Loaders
Train loaders or wagon loaders are equipment used to load materials in wagons or train rakes. There are several types of materials that are transported by rail. Each material requires a diverse type of handler for efficient loading. Considering such requirements, train loader manufacturers are coming up with distinct types of loaders that are suitable for various material handling. Usually, materials are loaded in two ways — unit loading and bulk loading.
Technavio’s analysts forecast the global Train Loaders market to grow at a CAGR of 5.80% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global train loaders market for 2017-2021. To calculate the market size, the report considers the overall revenue of leading vendors.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Train Loaders Market 2017-2021
Technavio recognizes the following companies as the key players in the global train loaders market: FLSmidth, Schenck Process, ThyssenKrupp, PEBCO, and FAM Förderanlagen Magdeburg.
Other Prominent Vendors in the market are: Frigate Teknologies, Elecon Engineering Company Limited, BEUMER Group, Telestack, AUMUND Group, and Tenova TAKRAF.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing automation in loading system. Transportation cost is significant for mining, petroleum, and coal companies. The average transportation cost of coal and other materials has increased by 50% during the last decade. The transportation cost includes loading cost. Loading system will witness increased automation to reduce the overall transportation cost. Train loader vendors are offering significant methods to not only enhance the efficiency of the supply chain but also protect the environment, production plants, and personnel.”
According to the report, one of the major drivers for this market is rising demand from the power and energy generation industries. The exponential growth in industrialization and urbanization in developing countries such as China and India are driving the demand for power and energy generation. The manufacturing rate in China was recorded to be around 100% between 2007 and 2013, while India registered an industrialization rate of around 65% during the same period. However, the explosive growth of China reached its peak in 2013. During the forecast period, India is supposed to overtake China's growth.
Further, the report states that one of the major factors hindering the growth of this market is high entry barriers. The entry barriers for the train loaders market are high. The key reason for a strong entry barrier in the market is its captive-intense nature. This will restrict the entry of new players into the market. Thus, the market for train loaders is more concentrated with a few number of players. This concentrated market is expected to grow in two ways, wherein all players in the market monopolize, which, in turn, reduces the bargaining power of buyers and suppliers.
FLSmidth, Schenck Process, ThyssenKrupp, PEBCO, FAM Förderanlagen Magdeburg, Frigate Teknologies, Elecon Engineering Company Limited, BEUMER Group, Telestack, AUMUND Group, and Tenova TAKRAF.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook