Market Overview:
The global railcar repair market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for railcars for transportation of goods and passengers, and the growing need for railcar repairs across the globe. The global railcar repair market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into send-for-repair and field-repair segments. The send-for-repair segment is expected to dominate the global railcar repair market owing to its low cost as compared to field repairs. However, field repairs are gaining traction due their ability to address complex issues with a single intervention as compared to send-for -repair which requires multiple interventions at different locations. On the basis of application, general repairs accounted for majority share in 2017 owingtothe high demand from freight operatorsand passenger railways for routine maintenance services such as wheel replacement or bogie changes etc., whereas tank car repairs are expectedto witness highest growth rate during forecast period due tobuild up in shale gas production in North Americaand increase in crude oil productionin Latin Americaregion .
Product Definition:
Railcar Repair is the process of repairing a railcar. This can include repairing damage to the car, replacing parts, and ensuring that the car is safe to use. Railcar Repair is important because it ensures that railcars are in good condition and can be safely used.
Send for Repair:
The send for repair service is used to notify the vendor of a fault in their component and get it fixed at the nearest repair center. This service has been around for ages, but with technological advancements such as cloud computing, mobile devices and social media integration it has become easier to use. The advent of new technologies in transportation services is expected to drive market growth over the forecast period.
Field Repair:
The global field repair and it's usage in railcar repair market size was valued at USD 2.5 billion in 2016. It is expected to expand at a CAGR of XX% over the forecast period owing to increasing demand for field repairing equipment from various end-use industries such as oil & gas, mining, and energy among others.
Application Insights:
The general repairs segment dominated the global railcar repair market in 2017 and is expected to witness a CAGR of XX% over the forecast period. General repairs include all types of scheduled and unscheduled maintenances that are required in order to keep a railway vehicle operational throughout its life cycle. These services help maintain rail fleet reliability, reduce down time, increase passenger travel distances and operating speeds, as well as improve track maintenance productivity by reducing the number of locomotive crew required for routine tasks such as fuel & water supply etc.
Regional Analysis:
The European region dominated the global railcar repair market in 2017. The presence of a large number of manufacturers and suppliers, coupled with high demand for rail equipment from various end-users such as freight operators, metro operators, and governments is expected to drive growth in this region. In addition, increasing investments by governments for improving the railway infrastructure are anticipated to fuel market growth over the forecast period.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing government spending on improving transportation facilities such as construction of new railways lines and stations along with an increase in ridership rates particularly on passenger trains which use diesel or electric locomotives or multiple units are likely to boost demand for railcars across countries including China, India Japan among others thus driving overall regional market growth.
Growth Factors:
- Increasing demand for rail transportation: The increasing demand for rail transportation is one of the key growth drivers for the global railcar repair market. This is because the use of railway systems helps in reducing traffic congestion and environmental pollution, thereby resulting in a reduction in overall transportation costs.
- Technological advancements: The advent of new technologies has led to an increase in the efficiency and safety of railway systems, which is expected to drive the growth of the global railcar repair market during the forecast period.
- Government initiatives: Governments across various countries are investing heavily in railway infrastructure development projects, which is expected to create opportunities for players operating in the global Railcar Repair market duringthe forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Railcar Repair Market Research Report
By Type
Send for Repair, Field Repair
By Application
General Repairs, Tank Car Repairs
By Companies
UTLX, American Industrial Transport, Bucyrus Railcar Repair, Midwest Railcar Repair, Railcare Inc, Central California Railcar Repair, LLC, Herzog, Southeast Railcar, Rocky Mountain Railcar Repair, BBM, MEIKI ENGINEERING Co.，Ltd., Holmatro Group, KORAIL, JR-West
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Railcar Repair Market Report Segments:
The global Railcar Repair market is segmented on the basis of:
Types
Send for Repair, Field Repair
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
General Repairs, Tank Car Repairs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- UTLX
- American Industrial Transport
- Bucyrus Railcar Repair
- Midwest Railcar Repair
- Railcare Inc
- Central California Railcar Repair, LLC
- Herzog
- Southeast Railcar
- Rocky Mountain Railcar Repair
- BBM
- MEIKI ENGINEERING Co.，Ltd.
- Holmatro Group
- KORAIL
- JR-West
Highlights of The Railcar Repair Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Send for Repair
- Field Repair
- By Application:
- General Repairs
- Tank Car Repairs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Railcar Repair Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Railcar repair is the process of repairing or restoring railcars. Railcar repair can involve a variety of tasks, such as fixing broken parts, replacing worn out components, and cleaning up debris.
Some of the major companies in the railcar repair market are UTLX, American Industrial Transport, Bucyrus Railcar Repair, Midwest Railcar Repair, Railcare Inc, Central California Railcar Repair, LLC, Herzog, Southeast Railcar, Rocky Mountain Railcar Repair, BBM, MEIKI ENGINEERING Co.，Ltd., Holmatro Group, KORAIL, JR-West.
The railcar repair market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Railcar Repair Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Railcar Repair Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Railcar Repair Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Railcar Repair Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Railcar Repair Market Size & Forecast, 2020-2028
4.5.1 Railcar Repair Market Size and Y-o-Y Growth
4.5.2 Railcar Repair Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Send for Repair
5.2.2 Field Repair
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 General Repairs
6.2.2 Tank Car Repairs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Railcar Repair Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Railcar Repair Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Send for Repair
9.6.2 Field Repair
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 General Repairs
9.10.2 Tank Car Repairs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Send for Repair
10.6.2 Field Repair
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 General Repairs
10.10.2 Tank Car Repairs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Send for Repair
11.6.2 Field Repair
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 General Repairs
11.10.2 Tank Car Repairs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Send for Repair
12.6.2 Field Repair
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 General Repairs
12.10.2 Tank Car Repairs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Send for Repair
13.6.2 Field Repair
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 General Repairs
13.10.2 Tank Car Repairs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Railcar Repair Market: Competitive Dashboard
14.2 Global Railcar Repair Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 UTLX
14.3.2 American Industrial Transport
14.3.3 Bucyrus Railcar Repair
14.3.4 Midwest Railcar Repair
14.3.5 Railcare Inc
14.3.6 Central California Railcar Repair, LLC
14.3.7 Herzog
14.3.8 Southeast Railcar
14.3.9 Rocky Mountain Railcar Repair
14.3.10 BBM
14.3.11 MEIKI ENGINEERING Co.，Ltd.
14.3.12 Holmatro Group
14.3.13 KORAIL
14.3.14 JR-West
