The rail equipment industry is expanding due to the global demographic explosion and increasing energy costs.
The rail equipment industry is expanding due to the global demographic explosion and increasing energy costs.
The rail equipment sector includes the manufacturers of rail rolling stock and fixed stock for:
- The transport of persons and goods
- Companies of remanufacturing and major servicing
- Manufacturers of parts, components and systems
- Suppliers of related products and specialized services intended for manufacturers and rail carriers.
Global demand is expected to increase steadily in the coming years. Indeed, demographic changes, the congestion of traffic flow, environmental concerns and laws on energy saving are forcing manufacturers to innovate, especially in the automated transport field.
The population increase and rapid urbanization in developing countries, as well as new markets opening in Eastern Europe and Russia will also create new opportunities for the industry.
In addition, the rail networks in North America are modernizing their fleets; they are adopting new technologies, using more efficient locomotives and intermodal equipment. The railway companies are also turning to new generations of equipment to increase their productivity and reduce their operating costs.
Source: MDEIE —Ministry of Economic Development, Innovation and Export Trade (MDEIE), 2008
