Global Rail Transport Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

October 18, 2021October 18, 2021 by The Business Research Company

The Global Rail Transport Market Report by The Business Research Company covers rail transport market drivers and restraints, rail transport market size, major players, and the impact of COVID-19 on the rail transport market.

The rail transport market consists of sales of rail transportation services and related goods by entities (organizations, sole traders and partnerships) that transport goods and people from one location to another for an amount or fee. The rail transportation services industry includes establishments that provide services to move people, goods and materials through trains. The market excludes street railroads, inner city commuter rail (such as localized underground and overground networks), urban rapid transit, scenic, and sightseeing train transportation.

The global rail transport market reached a value of nearly $468.6 billion in 2020, having increased at a compound annual growth rate (CAGR) of 1.5% since 2015. The market is expected to grow from $468.6 billion in 2020 to $ 658.4 billion in 2025 at a rate of 7.0%. The global rail transport market is then expected to grow at a CAGR of 5.1% from 2025 and reach $ 845.7 billion in 2030.

The availability of high-speed trains is expected to drive the rail transport market over forecast period. The high-speed trains are replacing air travel as they reduce the total travel time when compared with time travelled by flight, which includes both the flight time and the time spent at airport. The technological advances taking place in building high speed domestic rail network encourages individuals to choose rail network over flight as it significantly reduces the total travel time and is considered as comfortable.

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Some rail transport market trends include moving towards energy efficient power supply systems such as a head on generation (HOG) system rather than an end on generation (EOG) system for their trains. The HOG power supply system provides multiple benefits to the railway company such as reduced noise pollution and economical power generation through eliminated diesel consumption. Moreover, digitalization has emerged as the key trend for innovation in the railway transportation services. It offers major benefits to simplify operations, increase asset efficiency and enhance the experience of passengers while at the same time reduce costs.

Global rail transport market segments include:

1) By Type: Passenger Rail Transport (Short-Distance Passenger Transport, Medium-Distance Passenger Transport, Large-Distance Passenger Transport), Rail Freight (Intermodals, Tank Wagons, Freight Cars)

2) By Distance: Long-Distance, Short-Distance

3) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Rail Transport Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides rail transport market overviews, analyzes and forecasts market size, share, rail transport market players, rail transport market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The rail transport identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Rail Transport Opportunities And Strategies: Forecast 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: Deutsche Bahn, BNSF, JSC Russian Railways, Indian Railways, SNCF

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 Transport 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 Transport Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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Here is a list of reports from The Business Research Company similar to the Rail Transport Opportunities And Strategies: Forecast To 2030:

Passenger Rail Transport Global Market Report 2021

Transit And Ground Passenger Transport Global Market Report 2021

Rail Freight Global Market Report 2021

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