Global Rail Freight Transportation Market is expected to reach US$ 9.24 Bn. by 2029, at a CAGR of 2.45% during the forecast period.Rail Freight Transportation Market Overview
The rail freight market consists of the selling of rail freight transport services by the companies. It transports products from the loading point at the discharge point to again the station that can handle the loading and unloading of cargo. These products are generally hefty and of low value compared with their volume, which includes coal, materials for construction, iron, and steel.To know about the Research Methodology :- Request Free Sample Report The report includes a comprehensive background analysis of the rail freight market, including an analysis of industry and economic sector contributions. The report has covered the market trends from 2018 to forecast the market through 2029. Where 2022 is considered a base year however the numbers for 2022 are considered based on the actual output of the market's companies. The report contains an analysis of the impact of COVID-19 lockdown on the revenue of the market and its effect on the demand and supply of the market. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Rail Freight Transportation Market Dynamics
Rising freight volumes, infrastructural development, and the adoption of advanced technology are all driving market growth. When compared to other means of transportation, rail freight transport is less expensive and more efficient because it allows a larger volume of cargo to be delivered over longer distances. The use of trains to transport goods minimizes the amount of fuel used and the amount of pollution produced. Rail transit is estimated to be six to seven times more efficient than vehicle transportation, with emissions reduced by 30 to 80 percent. Also, the cost of railway transportation is only one-tenth of the cost of automobile transportation. These factors are driving governments to opt for rail freight transport. Similarly, as global trade grows, cross-border rail freight transport is expected to gain popularity in many regions of the world. Rail travel between Europe and China, for example, is increasing since it promotes economic development by connecting countries and offering access to global and regional markets. Rail freight linkages exist in 59 Chinese cities and around 49 European cities. Aside from electronics, printers, and laptops, Chinese rail shipments to Europe also include food, wine, clothing, and even automobiles. Implementation of restrictions on foreign entry and other hurdles is expected to hamper the market growth in various countries around the world. Furthermore, the high energy tax burden on rail freight in the United States and Europe poses a significant challenge to the rail freight market.COVID-19 Impact on the Rail Freight Transportation Market
COVID pandemic has a major impact on the market in terms of sales as more than 44% of sales of units are hampered owing to disruption in transport capabilities of the manufacturers due to stringent norms of lockdown and increasing safety concerns. Furthermore, supply chain interruptions, demand destruction, and changes in customer behavior owing to stringent lockdown conditions across the globe have impacted the global rail freight transportation market. The COVID-19 crisis has resulted in a shortage of truck drivers as well as restrictions on sea and air transport in many countries and regions. As a result, the cost of transportation by truck, sea, or air has risen significantly in comparison to rail freight costs. Thus, switching to rail freight transportation has provided benefits in the supply chain during the pandemic. Rail freight transportation also plays an important role in linking European economies and keeping freight moving during the covid-19 pandemic.Rail Freight Transportation Market Segmentation Analysis
By Product Type, the Intermodal segment dominated the market, with market size of US$ xx Mn. in 2022 and to reach US$ 36.3 Mn. by 2029, with a CAGR of xx%. Intermodal connect various modes of transportation to rail transportation. They can transport bulk goods such as coal, minerals, and liquefied petroleum in cost-effective ways. Intermodal transportation is widely used because it reduces traffic congestion on highways by reducing the number of trucks on the road. This mode of transportation also helps to reduce fuel costs by more than 40% and carbon emissions by 75%. The global Tank Wagons segment is expected to grow at a CAGR of 4.6 percent, led by the United States, Canada, Japan, China, and Europe. These regional markets, which had a combined market value of US$33.8 billion in 2022, are expected to grow to US$ 46.7 billion by the end of the forecast period. By Application, the oil & gas industry segment dominated the market, with market size of US$ xx Mn. in 2022 and to reach US$ xx Mn. by 2029, with a CAGR of xx%. . Rail freight wagons are used by the oil and gas industry because of their vast capacity to transport bulk products. Furthermore, the oil and gas industry is expected to benefit from increased use and production of primary and secondary energy on a global scale.Global Rail Freight Transportation Market Regional Insights
North America is leading in rail freight transit market with a railway network of over 200,000 miles. The United States, which transports a large volume of commodities each year, makes a considerable contribution to the regional economy. In 2022, the United States' Rail Freight Transportation market accounted for 34.4 percent of the global market. Japan and Canada are two other important markets, with expected growth rates of 2.8 percent and 4.1 percent, respectively, over the forecast period. Germany's market is expected to grow at a 3.3 percent CAGR, while the rest of Europe's market is expected to reach US$35.5 billion during the forecast period. The Asia-Pacific region accounts for a large share of the market, and it is expected to grow faster than Europe and North America throughout the forecast period. The largest market is China, followed by India. China has declared plans to raise rail freight by 30 percent by 2022 in order to combat rising pollution levels. India has the world's third-largest rail network. With roughly 13,000 passenger trains and 9000 freight trains operating every day, India's rail network is the world's third-largest.Rail Freight Transportation Market Scope: Inquire before buying
Rail Freight Transportation Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 7.80 Bn. Forecast Period 2023 to 2029 CAGR: 2.45% Market Size in 2029: US $ 9.24 Bn. Segments Covered: by Product Type Intermodals Tank Wagons Freight Cars by Application Oil & Gas Industry Mining Industry Chemical Industry Transport Industry Rail Freight Transportation Market by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Rail Freight Transportation Market Key Players:
1. CN Railway 2. BNSF Railway 3. Union Pacific 4. SBB Cargo 5. CTL Logistics 6. PKP Cargo 7. Colas Rail 8. RSI Logistics 9. Nippon Express 10. SNCF 11. DB Schenker 12. Duetsche Bahn AG 13. Union Pacific Railroad 14. Canadian National Railway Frequently Asked Questions: 1. Which region has the largest share in Global Rail Freight Transportation Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Rail Freight Transportation Market? Ans: The Global Rail Freight Transportation Market is growing at a CAGR of 2.45% during forecasting period 2023-2029. 3. What is scope of the Global Rail Freight Transportation Market report? Ans: Global Rail Freight Transportation Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What was the Global Rail Freight Transportation Market size in 2022? Ans: The Global Rail Freight Transportation market was valued at US$ 7.80 Bn. In 2022. 5. What is the study period of this Market? Ans: The Global Rail Freight Transportation Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Rail Freight Transportation Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Rail Freight Transportation Market 3.4. Geographical Snapshot of the Rail Freight Transportation Market, By Manufacturer share 4. Global Rail Freight Transportation Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Rail Freight Transportation Market 5. Supply Side and Demand Side Indicators 6. Global Rail Freight Transportation Market Analysis and Forecast, 2022-2029 6.1. Global Rail Freight Transportation Market Size & Y-o-Y Growth Analysis. 7. Global Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 7.1.1. Intermodals 7.1.2. Tank Wagons 7.1.3. Freight Cars 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Oil & Gas Industry 7.2.2. Mining Industry 7.2.3. Chemical Industry 7.2.4. Transport Industry 8. Global Rail Freight Transportation Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 9.1.1. Intermodals 9.1.2. Tank Wagons 9.1.3. Freight Cars 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Oil & Gas Industry 9.2.2. Mining Industry 9.2.3. Chemical Industry 9.2.4. Transport Industry 10. North America Rail Freight Transportation Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Rail Freight Transportation Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Rail Freight Transportation Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Rail Freight Transportation Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Rail Freight Transportation Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Rail Freight Transportation Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product Type , 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Rail Freight Transportation Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. SNCF 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. CN Railway 45.5. BNSF Railway 45.6. Union Pacific 45.7. SBB Cargo 45.8. CTL Logistics 45.9. PKP Cargo 45.10. Colas Rail 45.11. RSI Logistics 45.12. Nippon Express 45.13. SNCF 45.14. DB Schenker 45.15. Duetsche Bahn AG 45.16. Union Pacific Railroad 45.17. Canadian National Railway 46.Primary Key Insights