LONDON, Nov. 29, 2017 (GLOBE NEWSWIRE) -- Infrastructure plays a vital role in the economic development of a country. Most matured economies allocate a significant portion of their annual budget for refurbishing and upgrading infrastructure. Similarly, developing countries are also racing for building up their infrastructure by funding through fiscal coffers and lending. Commodity Inside believes that due to growing population and urbanisation there is significant pressure on infrastructure and multi-billion infrastructure projects have been announced across the world. The US government plans to spend around $1 trillion on infrastructure over the next ten years.
Railways is a vital component of the infrastructure industry and currently going through significant overhauls across the world. Over the past few years, we saw some rail producers complaining about the limited growth and cost pressures and started to offload their rail units. Longs steel producers usually prefer to produce sections and other construction products due to better demand fundamentals. Most of the recently added rail capacity was in China due to domestic demand and non-market forces. Iran also entered the rail market with Esfahan Steel added 400,000 tonnes/year rail capacity to its portfolio in 2016.
Indeed, limited demand growth has been one of the culprits deterring new entrants or new capacity additions. Demand and supply also remained range-bound over the past few years. However, we have recently identified some growth pockets across the world which are going to underpin demand over the next decade. High-speed rail, electrification and new rails projects would be some of the fundamental drivers increasing demand for rails.
The Chinese initiative to improve connectivity through One Belt One Road (OBOR) would have a phenomenal impact on the rail industry. A large number of rail projects are planned under the OBOR initiative across Asia and Africa. The aim is to connect China with major trading regions including Europe. The train transport has already started between China and Europe where first Chinese freight train arrived in the UK in January 2017 while the first ever direct train from London to China full of goods completed its journey in April 2017. More recently, in November 2017, a train with 41 containers reached Xi'an Port in China from Finland's Kouvola. It was the first Central European train between China and the Nordic countries. The cargo included electromechanical equipment and various commodities. Dozens of European cities have now direct rail links with China.
REPORT DETAILS
The Global Steel Rail Market Outlook to 2027 is a valuable resource necessary for examining the global rail tracks and infrastructure market. We have employed a very sophisticated and robust approach to assessing the rail market by taking into account various demand and supply dynamics. This content-rich report covers the following key aspects:
- How will the rail market perform over the next ten years?
- What will be the major trends and developments in the rail market and how they will impact the industry?
- How will the planned and ongoing rail infrastructure projects benefit the industry?
- What will be the main threats and opportunities in the industry?
- What will be the major drivers behind the increase in rail demand globally and how the economic growth will impact the market?
- The current and future demand dynamics of rail in different regions.
- Rail production and capacity
- New capacity developments and closures
- Rail prices and premium
- Analysis of rail import and exports
- The dynamics of maintenance, replacement, up-gradation and new additions of rails on the overall rail market
- Detailed discussions on market strategies and competitive landscapes.
- The future of the Chinese rail market in the context of the global demand and supply balances.
- How the Belt and Road initiative will help the rail market in Asia
- Analysis of the present and future performance of matured and developing markets.
- Freight and passengers transportation in the context of rail transportation
- A brief overview of rolling stocks
The Global Steel Rail Market Outlook to 2027 provides you with the following in-depth analysis:
- Demand and supply analysis of the rail industry by leading markets
- Installed rail capacity and capacity developments over the next ten years
- Installed rail lines and its forecasts over the next ten years based on analysis of planned projects
- Rail prices and forecasts
- An overview of the rolling stock market
- Detailed discussions on megatrends
- Tables, figures and charts
- This is a content-rich report with all supportive data is provided in Excel.
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