Global Rail Transport Market Overview And Prospects
Learn about the global rail transport market through The Business Research Company, which provides information on rail transport market size, rail transport market drivers and restraints, rail transport market players, the COVID-19 impact on the rail transport market, and more.
The global rail transport market size is expected to grow from $469.74 billion in 2021 to $509.04 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The rail transport market is then expected to grow to $676.26 billion in 2026 at a CAGR of 7.4%.
The rail transport services market growth is aided by stable economic growth forecasted in many developed and developing countries.
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The rail transport market consists of sales of rail transportation services and related goods by entities (organizations, sole traders, and partnerships) that use trains to provide transport for passengers and/or cargo. Railroads operate either on networks with physical facilities, labor forces, and equipment spread over a wide geographic area or operate over a short distance on a local rail line. This market excludes street railroads, commuter rail, urban rapid transit, and scenic and sightseeing train transportation.
Global Rail Transport Market Segments Include:
By Type: Passenger Rail Transport, Rail Freight
By Distance: Long-Distance, Short-Distance
By Destination: Domestic, International
By End-Use Industry: Mining, Construction, Agriculture, Others
Subsegments Covered: Medium-Distance Passenger Transport, Long-Distance Passenger Transport, Short-Distance Passenger Transport, Intermodals, Tank Wagons, Freight Cars
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 was the largest region in the rail transport market in 2021.
Advanced driver assistance system (ADAS) technology is becoming popular in the rail transportation industry to optimize energy usage, enhance operational management, safety and aid in cost reduction. These systems provide automatic warning, protection, operation, supervision, and control arrangement. They also aid in meeting stringent government regulations towards passenger safety. Around 60 million units of advanced driver assistance systems were produced globally.
TBRC’s rail transport market report covers:
Major Market Players: China Railway Corporation, Duetsche Bahn AG, Indian Railways, JSC Russian Railways, BNSF Railway, Union Pacific Corp, Berkshire Hathaway Inc., Central Japan Railway Co, Canadian National Railway, and CSX Corp.
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 (2016-21) and ten years forecast (2022-2026-2031)
The Rail Transport Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 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, leading competitor revenues, profiles and market shares.
TBRC’s rail transport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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