The Global Rail Freight Market Report by The Business Research Company covers rail freight market drivers and restraints, rail freight market size, major players, and the impact of COVID-19 on the rail freight market.
The rail freight market consists of sales of rail freight transportation services and related goods by entities (organizations, sole traders and partnerships) that provide the carriage of goods from a point of loading, or goods station, to a point of unloading, again a station capable of handling the loading and unloading of the goods carried. These goods are generally heavy in bulk and of low value in relation to their bulk. Examples include coal, building materials, iron and steel. The rail freight market is segmented into intermodals, tank wagons and freight cars.
Tracking and tracing systems of rail freight using GPS and GSM helps the transportation organizations to overcome the rail freight transportation drawbacks such as lost and theft. It provides full-fledged security and monetarization of freights and more effective and efficient freight transportation over short distances for smaller loads.
The global rail freight market is expected to grow from $247.39 billion in 2020 to $271.87 billion in 2021 at a compound annual growth rate (CAGR) of 9.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $351 billion in 2025 at a CAGR of 7%.
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Some rail freight market trends include tracking and tracing systems of rail freight using GPS and GSM, as it helps the transportation organizations to overcome the rail freight transportation drawbacks such as lost and theft. It provides full-fledged security and monetarization of freights and more effective and efficient freight transportation over short distances for smaller loads. ViWaS project equipped with smart telematics systems in Europe has introduced tracking technology in rail freight.
Global rail freight market segments include:
1) By Type: Intermodals, Tank Wagons, Freight Cars.
2) By Destination: Domestic, International.
3) By Application: Oil And Gas, Mining Industry, Logistic Industry, Post Service, Others.
4) By Freight Type: Containerized, Liquid, Commodities, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global rail freight market share.
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The Rail Freight Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides rail freight market overviews, analyzes and forecasts market size, share, rail freight market players, rail freight market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The rail freight market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Rail Freight Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: CN Railway, SBB Cargo, SNCF, DB Schenker, Duetsche Bahn AG.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The rail freight Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The rail freight Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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