Lewes, DE -- (SBWire) -- 08/06/2015 --Report forecast the railway infrastructure spending market in China to grow at a CAGR of 26.7% over the period 2014-2019.
Railway infrastructure spending in China grew by 3.6% in 2014 compared to 3.2% in 2013. The government's initiatives to develop the railway infrastructure, particularly in the less developed region, and central and western China, have significantly contributed to the growth of the railway infrastructure spending market in the country. The government has also given emphasis toward the development high-speed railway line and metro network. In 2014, China's Ministry of Railways announced its plan to expand further the high-speed railway network from 9,941.9 miles to 15,534.3 miles. As of 2014, the total length of the railway network in the country was 74,564.5 miles. In 2014, China launched 32 new high-speed rail routes, including a new railway link between Guangzhou and Shanghai. In addition, in the same year new high-speed railway line was opened between Xinjiang capital, Urumqi, and Hami city in the eastern Xinjiang, China. The government is also encouraging private investment in the railway infrastructure, which otherwise is solely funded by the public entities.
This report presents the current scenario and growth prospects of the railway infrastructure spending market in China during the period 2015-2019. The market size has been calculated based on the spending on railway infrastructure. In addition, the report presents the economic outlook of China and an analysis of the infrastructure development in the country. It also presents the major drivers influencing the growth of railways in the country. It discusses the major challenges faced by the vendors and the industry at large, as well as the key trends emerging in the market.
Key players in the Railway Infrastructure Spending in China: China Communications Construction, China Railway Construction, China Railway Group and China State Construction Engineering
Other Prominent Vendors in the market are: China Railway Signal & Communication and Dongfang Electric
Market Driver
- Government Initiatives
- For a full, detailed list, view our report
Market Challenge
- Regulatory Framework and Source of Financing
- For a full, detailed list, view our report
Market Trend
- High-speed Railway Network
- For a full, detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
Spanning over 52 pages "Railway Infrastructure Spending Market in China 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, China: Country Outlook, Construction Industry in APAC, Construction Market in China, Railway Infrastructure in China, Vendor Selection Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/railway-infrastructure-spending-market-china-2015-2019
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