Despite a slight downturn during the recession, the Railroad Track Construction has experienced strong growth in the past five years. Government funding is a major source of revenue for the industry, and firms with government contracts typically experience stable revenue growth. As the overall economy recovers, an increase in the volume of goods manufactured in the United States and goods imported from international sources will further benefit industry. Many of these goods are transported via freight train, and as existing rail lines are used more frequently, the demand for repair and maintenance work increases. Although increased competition has led to lower profits for industry operators, an expected increase in public funding for rail projects (including several proposed high-speed rail systems) is expected to accelerate industry growth in the next five years.
This industry constructs railway track, railway ties, bedding and other infrastructure related to railroads. Contractors perform new work, reconstruction and repairs. This industry also includes construction management firms and special trade contractors that construct rail track and transit systems.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.