Rail Maintenance Services in the US - Industry Market Research Report

Rail Maintenance Services in the US - Industry Market Research Report

Rail Maintenance Services in the US

The success of the Rail Maintenance Services industry is generally aligned with the fortunes of the downstream industry it serves, with demand for repair and maintenance services rising in line with increased freight and passenger rail traffic. Industry demand has grown steadily over the five years to 2019, as the growth of the US economy sustained demand for rail freight transport services. Furthermore, growth in trade volumes has been particularly important to the expansion of industry demand, as a large share of both US imports and exports are shipped by rail. In addition, increased commercial activity and continued private investment in rail infrastructure are anticipated to drive demand for rail maintenance. However, the industry has failed to increase average profitability due in part to outsized growth in wages. Overall, industry revenue is anticipated to increase during the current period. Over the five years to 2024, industry revenue is forecast to continue to rise. However, the anticipated continuation of declining federal funding for rail transportation infrastructure poses a threat to the industry.

This industry provides specialized services for railroad transportation including servicing, administering routine repairs (exclusive of factory conversion, overhaul or rebuilding of rolling stock), performing maintenance on railcars, loading and unloading of railcars and operating independent rail terminals.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

MAJOR COMPANIES

Gatx Corporation