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                Global Project Management Forum kicks off Monday, June 12

                Global Project Management Forum kicks off Monday, June 12

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                    France-Algeria relations: Colonial past still dominates ties – DW (English)

                    What is to be made of the Cranes fans expecting Algeria to field a … – Monitor

                    Hungarian Town Worries New EV Battery Plant Will Destroy Water … – International Environmental Technology

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                    VESCO Algeria Signs Two MOUs with Elite Capital & Co. to Finance Two Dairy Farm and Greenhouse Projects – EIN News

                    ChatGPT app for iPhone now available in India; how to download, features and more – Business Today

                  • Egypt

                    Egypt approves local initiatives to convert vehicles to run on … – Ahram Online

                    Fawry signs agreement with WFP for cutting-edge multi-purpose cash-assistance platform in Egypt – ZAWYA

                    ‘You were a ray of sunlight’: 3 IDF troops killed in Egypt border shooting buried – The Times of Israel

                    Egypt to increase FY 2023/24 healthcare spending by 15 percent … – Ahram Online

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                    Communications Ministry cooperates with GIZ in e-government … – Daily News Egypt

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                  • Libya

                    LIBYA : TotalEnergies sparks tensions by choosing Basalt as its … – Africa Intelligence

                    Libya: Officials impose indefinite 20:00-06:00 curfew in Tobruk … – Crisis24

                    UBS considers delaying results after Credit Suisse rescue – FT – Yahoo Canada Finance

                    Eastern Libya forces stage mass deportation of Egyptian migrants – Reuters.com

                    Google celebrates life of Saudi novelist and critic Abdul Rahman … – Arabian Business

                    Ministry of Transport plans to develop Libya-Tunisia Ras Jedir … – Libya Update

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                      The 10 fastest high-speed trains in the world – Railway Technology

                      Morocco's King, After Long Trips Abroad, Works To 'Restore Authority' – Barron's

                      Morocco – ancient and seaside holiday cities, architectural wonders … – Budapest Times

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                      Amir Ohana To Visit Morocco In Early June, A First For Israel's … – i24NEWS

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                      • South Sudan

                        As Sudan war rages, country's health system nears breaking point – ABC News

                        Sudan: Clashes between SAF and RSF – Flash Update No. 14 (28 … – ReliefWeb

                        Sudan's army says it is committed to seven-day ceasefire mediated … – The National

                        COLUMN: Sudan at war; refugees at our door | Pius Kamau – Colorado Springs Gazette

                        Eritrea accused of forcibly repatriating civilians caught up in Sudan fighting – The Guardian

                        Mass exodus from Sudan as deadly fighting enters third week – FRANCE 24 English

                        Trending Tags

                        • Sudan

                          Sudan fighters take over Khartoum museum raising fears for safety … – Arab News

                          Saudi foreign ministry calls on Sudan factions to agree new ceasefire – Reuters

                          Sudan Country Refugee Response Plan Addendum, January … – ReliefWeb

                          US, Saudi Arabia urge Sudan's warring parties to agree to a new cease-fire, fighting continues – The San Diego Union-Tribune

                          Sudan: How the generals disappeared the people on the way to the … – African Arguments

                          RSF advisor: 'Hemedti is alive and is leading the battle in Sudan … – Radio Dabanga

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                          • Tunisia

                            EBRD First Vice President visits Tunisia – EBRD

                            Conservatives call out multinational corporations for supporting pride month in America, but not Middle East – Fox Business

                            Tax the wealthiest to avoid IMF, says Tunisia’s president – Al Jazeera English

                            Aberdeen linked with Ipswich Town midfielder and Tunisia international Idris El Mizouni – Aberdeen Live

                            Tunisia carry Arab hopes into knock-out stages of 2023 FIFA U-20 … – Arab News

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                              ملتقى الاستثمار السنوي 2023 يناقش دور التكنولوجيا الرقمية في تصميم مدن المستقبل

                              Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

                              BZR on Coinstore – a Significant Milestone for Bazaars

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                              أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

                              أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

                              أوتيكو تتصدر ١٣٠٠٠ عينة بيئية تم تحليلها في ميناء تامان

                              أوتيكو تتصدر ١٣٠٠٠ عينة بيئية تم تحليلها في ميناء تامان

                              GCC health authorities and industry leaders meet to discuss pharma regulations and innovations

                              GCC health authorities and industry leaders meet to discuss pharma regulations and innovations

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                              • Middle east
                                يعزز تطبيق كام سكانر في الشرق الأوسط من خلال عرض عضوية متميزة و مجانية لمدة ثلاثين يوما

                                CamScanner Enhances User Experience in Middle East with Free 30-Day Premium Membership Offer

                                يعزز تطبيق كام سكانر في الشرق الأوسط من خلال عرض عضوية متميزة و مجانية لمدة ثلاثين يوما

                                يعزز تطبيق كام سكانر في الشرق الأوسط من خلال عرض عضوية متميزة و مجانية لمدة ثلاثين يوما

                                Global Project Management Forum kicks off Monday, June 12

                                Global Project Management Forum kicks off Monday, June 12

                                Global Project Management Forum kicks off Monday, June 12

                                انطلاق فعاليات المنتدى العالمي لإدارة المشاريع الإثنين المقبل

                                استكشاف الإمكانات غير المستغلة لطاقة النيوترينو

                                استكشاف الإمكانات غير المستغلة لطاقة النيوترينو

                                الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

                                الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

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                                  Integrated Security Services Market to grow at a CAGR of 14.6 percent to reach USD 47.77 Billion. by 2029

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                                  Home Press Releases

                                  Railcar Mover Market Size Forecast to Reach $1519.4 Million by 2026

                                  admin by admin
                                  January 31, 2022
                                  in Press Releases
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                                  (EMAILWIRE.COM, January 16, 2022 ) The Global Railcar Mover 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.

                                  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.

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                                  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.

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                                  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.

                                  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.

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