Global Railway Tie Supply Market 2018-2022| Growth Analysis and Forecast| Technavio
LONDON--(BUSINESS WIRE)--Sep 11, 2018--The global railway tie supply market is expected to post a CAGR of more than 3% during the period 2018-2022, according to the latest market research report by .
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Technavio has published a new market research report on the global railway tie supply market from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the growth in the global rail logistics market. Owing to the growth of major end-user industries such as retail, metals and minerals, chemical and petrochemical, manufacturing, and oil and gas industries, the rail logistics market is anticipated to grow significantly during the forecast period. This will boost the growth of the railway tie supply market since the demand for various rail track components will be high.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the increased consolidation in rail tie supply market as one of the key emerging trends in the global railway tie supply market:
Global railway tie supply market: Increased consolidation in rail tie supply market
The intensive competition among vendors, fragmented packaging market, and rapidly evolving technologies are creating substantial risk to vendors operating in the global rail tie supply market. This intense competition among the vendors has led to an increase in the number of mergers and acquisitions, where small firms are either being acquired or merged with major players.
“Mergers and acquisitions are expected to impact the railway tie supply market significantly. Vendors will have a wide network and strong positioning in the market post M&A. The vendors can quickly deliver railway ties and can switch to just-in-time deliveries due to the expansion of their businesses to different geographies,” says a senior analyst at Technavio for research on transportation and distribution.
Global railway tie supply market: Segmentation analysis
This market research report segments the global railway tie supply market by material type (concrete and wood) and geography (the Americas, APAC, and EMEA).
The Americas led the market in 2017 with around 41% of the market share, followed by EMEA and APAC respectively. The Americas is expected to dominate the market throughout the period 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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SOURCE: Technavio Research
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PUB: 09/11/2018 03:46 PM/DISC: 09/11/2018 03:47 PM