High-Speed Rail, Manufacturers Race To Secure Contracts From $8 Billion U.S. Government Pie
This SBI Energy report looks at the socioeconomic and consumer-based trends affecting the HSR industry, such as the development of next-generation HSR products, safety issues, and long-term effects of HSR on a transportation economy.
- (1888PressRelease) July 02, 2010 - MarketResearch.com has announced the addition of SBI Energy's new report "High Speed Rail Infrastructure Component Manufacturing" to their collection of reports. For more information, visit:
http://www.marketresearch.com/product/display.asp?productid=2496796
Since the Obama administration awarded $8 billion to states for 13 high-speed rail (HSR) projects, the race has been on for companies and manufacturers to get a slice of the pie. Competition is fierce between Amtrak, the nation's only operator of high-speed trains, and foreign HSR manufacturers eager to win bids in the United States.
Nations around the globe are increasing their roll out of high-speed rail initiatives during 2010, making them an integral part of the overall transportation infrastructure. Several countries in Europe, for example, currently lacking an HSR system have made commitments to begin construction by the end of the year. In Asia, a multitude of HSR development projects are underway with anticipated completion dates between 2015 and 2020 and of the 17,000 miles of planned HSR track implementations worldwide, nearly 10,000 is allocated for Asia, SBI Energy reports.
The move for high-speed rail in the U.S. will create or save tens of thousands of jobs in areas like track-laying, manufacturing, planning and engineering, and rail maintenance and operations. Over 30 rail manufacturers, both domestic and foreign, have agreed to establish or expand their base of operations in the U.S. if they are hired to build the country's next generation HSR lines - a commitment the Obama Administration secured to help ensure new jobs are created in the U.S.
"High Speed Rail Infrastructure Component Manufacturing" covers shipments, imports and exports, as well as the economic and market trends driving the HSR manufacturing industry. It identifies key market trends and dynamics, and profiles major market players, outlining their strategies to maximize growth and profitability. The research methodology for this report involved aggregating, synthesizing, and analyzing data from several sources, including the U.S. government and several third-party market research syndicated data suppliers.
For further information, visit: http://www.marketresearch.com/product/display.asp?productid=2496796
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Veronica Franco
MarketResearch.com
vfranco ( @ ) marketresearch dot com
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