According to the latest market study released by Technavio,
the global
train loaders market is expected to reach USD 1,285.98 million
by 2021, growing at a CAGR of around 6%.
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Technavio has published a new report on the global train loaders market from 2017-2021. (Graphic: Business Wire)
This research report titled ‘Global
Train Loaders Market 2017-2021’ provides an in-depth analysis of
the market in terms of revenue and emerging market trends. This market
research report also includes up to date analysis and forecasts for
various market segments and all geographical regions.
Developments in the railroad logistics market are expected to encourage
the global train loaders market to grow steadily during the forecast
period. Besides the influence of railroad logistics, there are many
other factors, such as the production of coal, iron ore, non-metallic
minerals, fertilizers, wood chips, and others that have an impact on the
growth of the global train loaders market.
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Technavio’s transportation
and logistics research analysts categorize the global train
loaders market into the following segments by end-user. They are:
-
Coal sector
-
Non-metallic mineral sector
-
Iron ore sector
-
Others
The top three end-user segments for the global train loaders market are
discussed below:
Coal sector
The demand for coal remains same in all power plants and the metal
industry despite its higher prices. The procurement of coal is an
important function for those industries that are highly dependent on
coal as its raw material. Irrespective of the price, coal must be
procured to ensure the value chain is stable for the coal-based
industries.
According to Sharan Raj, a lead logistics
research analyst from Technavio, “The increase in price is also
mitigated by passing the cost to end-users and having a long-term
procurement contract with the supplier. This shows the demand for coal
will remain constant until the coal production stops completely. Thus,
the demand for coal influences the global train loaders market in the
coming years.”
Non-metallic mineral sector
“Non-metallic mineral sector is completely dependent upon the growth
in the construction sector. The growth in the construction sector is
booming, mainly in emerging markets such as APAC and EMEA. This will
augment the consumption of sand, stone, cement, and gravel, which, in
turn, will increase the demand for train loaders because efficient
loaders are required for the reduction in wastage and transportation
cost,” says Sharan.
Iron-ore sector
The growth of the manufacturing industries in emerging markets such as
India, Russia, South America, Brazil, and Ukraine will influence the
growth of the global train loaders market. The major iron ore producing
countries such as China, Australia, Brazil, India, and Russia will also
demand train loaders.
The decrease in iron ore price is the major driver for the growth of the
global train loaders market in this segment. The price of iron ore
declined around 55% from 2011 to 2015. The main reason behind the
decrease in the price is due to the over production and supply of iron
ore production companies in China like BHP Billiton, Rio Tinto, and
others.
The top vendors highlighted by Technavio’s research analysts in this
report are:
-
FLSmidth
-
Schenck Process
-
ThyssenKrupp
-
PEBCO
-
FAM Förderanlagen Magdeburg
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
If you are interested in more information, please contact our media team
at media@technavio.com.
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