Railcar Mover Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: AM 43051 Report Format: PDF + Excel (Delivery in 48 Hrs)

Rail car Mover Market Overview

The Global market size is forecast to reach $1519.4 million by 2026, growing at a CAGR of 6.9% from 2021 to 2026. Increasing demand from oil & gas, mining, manufacturing and related industries along with surge in railroad transportation or shipment of goods are the major factors that drive the market growth of rail car movers. Compared to switcher locomotive, adoption of rail car movers helps in minimizing operation costs with higher reliability, flexibility, versatility and energy efficient safer transport, which aids its market demand. In addition governmental support towards enhancing railway tracks through modernization or new establishment overtime along with growth of major industries such as chemicals & petrochemicals, surge in market demands for metals and related materials, with many others will further boost the market growth. Rising investments on rail freight corridors towards enhancing logistics operation will also raise its market demands in the coming time.

Report Coverage

The report: Rail car Mover Market Industry Outlook – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the industry.

By Type: Electric/Battery Powered Rail car Mover, Diesel Rail car Mover.
By Mode of Operation: Manually Operated, Automatic Operation.
By Size: Mobile/Compact Sized Mover, Large/Heavy weight Mover.
By Tractive Effort Ratings: Upto 46,500 lbs, 46551 lbs and above.
By Application: Loading, Unloading and Repositioning, Forklift Trucks, Railroad Track work Designing & Construction, Locomotive Maintenance, Repair & Overhaul, Raw Material Transportation and Distribution, Freight Transport, Others.
By End Users: Oil & Gas, Mining, Metal Processing, Power Generation, Chemical & Plastics, Construction, Industrial, Others.
By Geography: North America (U.S, Canada, Mexico), Europe (U.K, Germany, France, Italy, Spain, Others), APAC (China, Japan, South Korea, India, Australia, Others), South America (Brazil, Argentina, Others) and RoW (Middle East, Africa).

Key Takeaways

  • Rising investments on railway freight corridors along with increasing growth of chemical industries is analysed to significantly drive the Rail car Mover market during the forecast period 2021-2026.
  • Electric/battery powered rail car mover sector is anticipated to grow with the highest CAGR during 2021-2026, attributing to factors including reduced vehicular emissions, ease of operation and others.
  • APAC held the largest market share in 2020, owing to various factors including rapid industrialization, investment on upgrading railway tracks and so on.

Global Rail car Mover Market Value Share, By Region, 2020 (%)

Global Rail car Mover Market Value Share

For More Details on This Report - Request for Sample

Rail car Mover Market Segment Analysis- By Type

Based on type segmentation, Electric/Battery Powered Rail car Movers are analysed to grow with the highest CAGR of around 7.5% during the forecast period 2021-2026. Electric rail car movers have been gaining wide popularity across varied industrial markets due to benefits such as minimal maintenance or running costs with elimination of engine induced vibrations. In addition, these rail car movers can eliminate vehicular emissions, low noise emissions, low maintenance needs, easy operating controls as well as deliver higher traction performances, thus making it an environment friendly alternative for the end use customers. Moreover, growing trends such as smart automation has been also creating a positive impact on shifting towards automatically operated electric options to drive more productivity and efficiency conducting industrial operations. In January 2020, Shuttlewagon announced about the launch of compact electric rail car movers, named SWXe series, as a part of expanding its mobile rail car mover’s product line. This development was meant to complement its Navigator All-electric series, designed specifically for high tractive effort conditions where companies need to move up to 40 loaded or empty rail cars. Such factors can further help in boosting the market growth of electric rail car movers in the long run.

Railcar Mover Market Segment Analysis- By End Users

Metal Processing sector is analyzed to account with the highest CAGR of around 6.4% in the global Rail car Mover market during 2021-2026. Factors such as increasing plant expenses, cost of scrap by products and recycling processes are some of the major areas driving the need for cost-efficient and highly secure material handling tools or machinery. Adoption of rail car movers help the manufacturers engaged in steel and metal production towards improving profitability, reliability along with energy efficiency, leading to less production disruptions or delays. Incorporating rail car movers over traditional bulky locomotives help in improving workplace safety, increase mobility and flexibility, faster rail yard movements owing to bimodal capabilities, and many more, gaining it traction across metal & mineral industries. Since the demand for various metals such as iron, steel, copper and others have been growing significantly overtime, the need for metal processing firms towards opting for efficient locomotive transport ensuring timely delivery of metals for construction purposes, and many other industries becomes essential, aiding the market growth for rail car movers. In August 2021, SAIL (Steel Authority of India) had revealed about its plans of finalizing the next phase of its modernization and capacity expansion to more than double of installed crude steel production in the coming 15-18 months. This expansion of production capacity is set to propel the demand towards rail car movers during the forecast period.

Railcar Mover Market Segment Analysis- Geography

APAC region had contributed with the largest market share of around 39% in 2020 and is also analysed to have a significant growth over the forecast period 2021-2026. Increasing investments on chemical industries, metal processing and others along with surge of goods shipment for varied end use sectors can be considered as some of the major factors attributed to the market growth of rail car movers in the region. Rapid industrialization, investments on enhancing logistics services, growth of mining, oil & gas, and related sectors overtime have been also assisting the growth of rail car movers. In addition, expansion of rail networks in China, India along with governmental initiatives or investments towards rail freight corridor projects will facilitate the demand for rail car movers in the long run. In May 2021, some of the major Indian steel companies such as Tata Steel, JSW Steel, Jindal Steel & Power and others have been looking on restarting expansion projects, which will help in adding up to 29 million capability by 2024. Such measures are set to influence the need for rail car movers in the coming time as a part of meeting rise in steel prices.

Rail car Mover Market Drivers

Increasing growth of chemical industries:

Increasing growth of chemical industries act as a one of the major factors driving the market growth of rail car movers. In chemical industries, safety, reliability, efficiency along with productivity serve as the critical requirements, which in turn creates the need for safe transportation of chemicals to avoid industrial hazards or work safety compromises. Adoption of rail car movers have been gaining wide popularity across hazardous environments in chemical production & processing industries in order to offer asset preservation, reducing operational costs, driving work automation and many others. Moreover, owing to varied regulatory compliance, chemical firms need to focus highly on ensuring safety and protection within its workplace during storage, transportation or distribution of chemical products to customers, thereby boosting the market growth of rail car movers. Rise in chemical plant expansion projects or establishment of new infrastructures overtime along with increasing demand for chemicals in agricultural applications and many others will also fuel the demand for rail car movers in the long run. In March 2021, ExxonMobil had revealed about its plans of investing around $334 million within its Baton Rouge Chemical Plant, focusing on both expansion as well as ongoing maintenance of unspecified units, expected to be completed in 2023. Such factors will further assist the growth of rail car movers in the chemical facilities in the coming time.

Rising investments on railway freight corridors drives the market forward:

Rising investments on railway freight corridors can also be considered as a major driver boosting the growth of Rail car Mover market. Establishment of new railway freight corridors across various countries as a part of improving freight transport operations and enhance logistics sector. These infrastructural developments will further influence the growth of various types of rail car movers towards optimization of locomotive safety and efficiency. In July 2019, Indian Railways announced about seeking government approval on building three dedicated corridor networks with an investment of around $43.53 billion. This initiative was taken with an aim of facilitating freight movement in the country along with assisting in optimizing passenger railway operations. Such factors can be considered vital in raising the need for rail car movers in the long run.

Rail car Mover Market Challenges

Limitations regarding rail transportation:

Limitations regarding rail transportation act as one of the major factors restraining the market growth of rail car movers. Utilizing rail car movers enhances reliability and flexibility long with safer transport or shipments over long distances, which limits its adaptability for covering shorter distances. In addition, opting for rail transportation incurs the need to abide by certain regulatory compliance alongside limited shipment/ban of certain goods by the government further hampers the deployment of rail car movers by the end user sectors. Moreover, issues such as time-sensitive transport of goods, followed by varying or fluctuating prices of rail line corridors overtime have been also serving a major part in creating an adverse impact on the market growth of rail car movers.

Rail car Mover Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Rail car Mover market. Rail car Mover top 10 companies include Nordco Inc., Trackmobile LLC, Mitchell Equipment Corporation, Zephir S.p.A, Shuttle Wagon Inc., Railking, LEAF Automotive, BOSS Railcar Movers, Wolter Group LLC and DJ Products among others. 

Acquisitions/Technology Launches/Partnerships

  • In October 2020, Trackmobile, Zephir S.p.A and LEAF Automotive have jointly collaborated under the Global Railcar Mover Group for continuing its production of high quality equipment designed for utmost safety.
  • In February 2019, DJ Products announced about the launch of a battery powered compact rail car mover, named RailCarCaddy, which is capable of allowing moving rail cars weighing upto 200,000 pounds with minimal efforts. 

Relevant Report Titles:

Report Code: AIR 0028

Report Code: ITR 0168

For more Automotive Market reports, please click here

1. Rail car Mover Market- Market Overview
    1.1 Definitions and Scope
2. Rail car Mover Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by application
    2.3 Key trends segmented by geography
3. Rail car Mover Market–Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product Bench marking
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 10 companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. Rail car Mover Market– Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Framework Overview
    4.2 New Business and Ease of Doing business index
    4.3 Case studies of successful ventures
    4.4 Customer Analysis – Top 10 companies
5. Rail car Mover Market – Startup Company Scenario (Premium)
    5.1 Investment Analysis
    5.2 Venture Capital Funding Scenario
6. Rail car Mover Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Rail car Mover Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle
    7.4 Suppliers and Distributors
8. Rail car Mover Market- By Type
    8.1 Electric/Battery Powered Rail car Mover
    8.2 Diesel Rail car Mover
9. Rail car Mover Market- By Mode of Operation
    9.1 Manually Operated
    9.2 Automatic Operation
10. Rail car Mover Market- By Size
    10.1 Mobile/Compact Sized Mover
    10.2 Large/heavy weight Mover
11. Rail car Mover Market- By Tractive Effort Ratings
    11.1 Upto 46,500 lbs
    11.2 46551 lbs and above
12. Rail car Mover Market- By Application
    12.1 Loading, Unloading and Repositioning
    12.2 Forklift Trucks
    12.3 Railroad Track Work Designing & Construction
    12.4 Locomotive Maintenance, Repair & Overhaul
    12.5 Raw Material Transportation & Distribution
    12.6 Freight Transport
    12.7 Others
13. Rail car Mover Market- By End Users
    13.1 Oil & Gas
    13.2 Mining
    13.3 Metal Processing
    13.4 Power Generation
    13.5 Chemical & Plastics
    13.6 Construction
    13.7 Industrial
    13.8 Others
14. Rail car Mover Market - By Geography (Market Size -$Million/Billion)
    14.1 North America
        14.1.1 U.S
        14.1.2 Canada
        14.1.3 Mexico
    14.2 Europe
        14.2.1 U.K
        14.2.2 Germany
        14.2.3 Italy
        14.2.4 France
        14.2.5 Spain
        14.2.6 Others
    14.3 APAC
        14.3.1 China
        14.3.2 Japan
        14.3.3 South Korea
        14.3.4 India
        14.3.5 Australia
        14.3.6 Others
    14.4 South America
        14.4.1 Brazil
        14.4.2 Argentina
        14.4.3 Others
    14.5 RoW
        14.5.1 Middle East
        14.5.2 Africa
15. Rail car Mover Market- Entropy
16. Rail car Mover Market- Industry Competition Landscape (Premium)
    16.1 Global Market Share
    16.2 Market Share by Region
    16.3 Market Share by Type
    16.4 Market Share by End Users
17. Rail car Mover Market- Key Company List by Country Premium (Premium)
18. Rail car Mover Market Company Analysis
    18.1 Market Share, Company Revenue, Products, M&A, Developments
    18.2 Nordco Inc.
    18.3 Trackmobile LLC
    18.4 Mitchell Equipment Corporation
    18.5 Zephir S.p.A
    18.6 Shuttle Wagon Inc.
    18.7 LEAF Automotive
    18.8 Wolter Group LLC
    18.9 DJ Products Inc.
    18.10 BOSS Railcar Movers
    18.11 Railking
    18.12 Company 11 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

LIST OF FIGURES

1.US Railcar Mover Market Revenue, 2019-2024 ($M)
2.Canada Railcar Mover Market Revenue, 2019-2024 ($M)
3.Mexico Railcar Mover Market Revenue, 2019-2024 ($M)
4.Brazil Railcar Mover Market Revenue, 2019-2024 ($M)
5.Argentina Railcar Mover Market Revenue, 2019-2024 ($M)
6.Peru Railcar Mover Market Revenue, 2019-2024 ($M)
7.Colombia Railcar Mover Market Revenue, 2019-2024 ($M)
8.Chile Railcar Mover Market Revenue, 2019-2024 ($M)
9.Rest of South America Railcar Mover Market Revenue, 2019-2024 ($M)
10.UK Railcar Mover Market Revenue, 2019-2024 ($M)
11.Germany Railcar Mover Market Revenue, 2019-2024 ($M)
12.France Railcar Mover Market Revenue, 2019-2024 ($M)
13.Italy Railcar Mover Market Revenue, 2019-2024 ($M)
14.Spain Railcar Mover Market Revenue, 2019-2024 ($M)
15.Rest of Europe Railcar Mover Market Revenue, 2019-2024 ($M)
16.China Railcar Mover Market Revenue, 2019-2024 ($M)
17.India Railcar Mover Market Revenue, 2019-2024 ($M)
18.Japan Railcar Mover Market Revenue, 2019-2024 ($M)
19.South Korea Railcar Mover Market Revenue, 2019-2024 ($M)
20.South Africa Railcar Mover Market Revenue, 2019-2024 ($M)
21.North America Railcar Mover By Application
22.South America Railcar Mover By Application
23.Europe Railcar Mover By Application
24.APAC Railcar Mover By Application
25.MENA Railcar Mover By Application