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Railway Signaling System Manufacturing - Industry Market Research Report

  • June 2016
  • 35 pages
  • Ibisworld
Report ID: 2853634

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On track: Increased industrial production will keep demand high for rail freight



Abstract

Railway Signaling System Manufacturing

The Railway Signaling Manufacturing industry has experienced strong growth during the five-year period. Beneficial federal funding and regulation have helped boost demand for industry products since the recession. Moreover, increased ridership of passenger rail service during the five-year period has allowed rail operators to increase demand for both urban and mainline signaling solutions. Lastly, higher revenue from freight rail operators over the past five years has driven demand for industry products. In 2010, Congress approved the Rail Safety Improvement Act, which mandated that a large portion of the nation's rail network implement Positive Train Control (PTC) systems. Railroad operators were initially given a deadline of December 31st, 2015 to implement PTC systems on most Class I railroads and all passenger railroads. This date proved to be too ambitious and was considered unworkable by rail operators; as a result, the deadline was extended to 2018. Moving forward, the industry is expected to continue experiencing strong growth as railway operators move to meet the 2018 deadline.

This industry is composed of companies that manufacture railway communications systems (including signaling systems) and related products.

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.



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