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Rail Freight Transportation Market

Rail Freight Transportation Market

Rail Freight Transportation Market Global Industry Assessment & Forecast

# Pages:

155

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0331

Segments Covered
  • By Type Tank Wagons, Freight Cars, Intermodals
  • By Application Oil and Gas Mining Industry Logistic Industry, Chemical Industry, Military, Post Service, Others
Snapshot
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 271.87 Billion
Revenue 2028Revenue 2028: 400.3 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 9.9
Fastest Growing Region Fastest Growing Region (2022 - 2028) North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key Insights

The global Rail Freight Transportation market was valued at USD 271.87 Billion in 2020 and is projected to reach USD 400.3 Billion by 2028, growing at a CAGR of 9.9% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2026
Annual Market Size (2028) 400.3 Billion
Annual Market Size (2021)
CAGR (2021 - 2028) 9.9%

Definition And Overview

Rail freight transportation grants acarriage of goods from a point of loading or goods station to a point of unloading. These goods are normally heavy and bulky, like fuel, building supplies, iron, and steel. The rail freight transportation market along with the flow of heavy goods also presents rail freight service.


The global Rail Freight Transportation market is segmented based on by Type, Application, Regions, and Countries. This report provides an analysis of the global Rail Freight Transportation market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report covers exhaustive analysis on the global Rail Freight Transportation industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. The report provides a detailed study on various product types and their applications in different industry verticals at the global/regional/country level. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

Yearly Infographics 271.87 Billion 400.3 Billion

COVID-19 Impact Analysis

COVID-19 pandemic led to government of numerous countries across the globe to impose stringent lockdown measures during the primary stages. This led to numerous challenges owing to the supply chain. However, the market witnessed steady growth over the later stages as the governments lifted restrictions on construction activities. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Analysis

The railway is environment-friendly and influential ways to transport people and goods. Railways are the most active centers of carrier, which can carry tons of weight with less expense and in less time. Railway improves the growth of the rail freight transportation market. This is driving factor for Rail Freight Transportation Market.

Railway transportation costs are lower. The cost of railway transportation is only one-tenth of the cost of automobile transportation; transportation fuel consumption is about one-twentieth of automobile transportation. This is another driving factor for Rail Freight Transportation Market.

Increasing in demand in regions such as the capita consumption of metal is rising which is hindering Rail Freight Transportation Market.

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Type, Application
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered Kuehne Nagel, SNCF, Colas Rail, Ozark Rail Logistics, Genesee & Wyoming, DB Schenker, PKP Cargo, Deutsche Post DHL Group, CN Railway, China Railway Tielong Container Logistics Company Ltd., CFR Marfa, RSI Logistics, Union Pacific Railroad, SBB Cargo, Tschudi Logistics, CTL Logistics, Deutsche Bahn AG, Japan Freight Railway Company, BNSF, GeoMetrix Rail Logistics, NIPPON EXPRESS, VTG Rail Logistics, Baltic Rail.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Product Analysis Preview

Type Analysis: Preview

On the basis of Type, the market is segmented into Tank Wagons, Freight Cars, Intermodals. Tank Wagons held the highest share in the global Rail Freight Transportation market and is projected to witness the same trend during the forecast period. Companies in this sector are opting to advanced technologies in their supply chain to cater the end user requirements effectively.

Application Analysis: Preview

Based on Application, the market is segmented into Oil and Gas Mining Industry Logistic Industry, Chemical Industry, Military, Post Service, Others. Mining accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Rail Freight Transportation Market: Type Segment Analysis

    • Tank Wagons
    • Freight Cars
    • Intermodals

Global Rail Freight Transportation Market: Application Segment Analysis

    • Oil and Gas Mining Industry Logistic Industry
    • Chemical Industry
    • Military
    • Post Service
    • Others

Regional Analysis Preview

Based on region, the global Rail Freight Transportation market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. Developing economies in the Asia Pacific region such as China and India are expected to make notable contributions in the growth over the coming years. Thus, it is expected that the Rail Freight Transportation market is anticipated to rise over the forecast timespan.

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Rail Freight Transportation Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Rail Freight Transportation market are Kuehne Nagel, SNCF, Colas Rail, Ozark Rail Logistics, Genesee & Wyoming, DB Schenker, PKP Cargo, Deutsche Post DHL Group, CN Railway, China Railway Tielong Container Logistics Company Ltd., CFR Marfa, RSI Logistics, Union Pacific Railroad, SBB Cargo, Tschudi Logistics, CTL Logistics, Deutsche Bahn AG, Japan Freight Railway Company, BNSF, GeoMetrix Rail Logistics, NIPPON EXPRESS, VTG Rail Logistics, Baltic Rail.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

Global Rail Freight Transportation Market: Key Highlights

  • The global Rail Freight Transportation market was valued at USD 271.87 Billion in 2020
  • The global Rail Freight Transportation Market is projected to reach USD 400.3 Billion by 2028
  • North America held the highest share of the Rail Freight Transportation market in 2020
  • Some of the major companies operating in the Rail Freight Transportation market are Kuehne Nagel, SNCF, Colas Rail, Ozark Rail Logistics, Genesee & Wyoming, DB Schenker, PKP Cargo, Deutsche Post DHL Group, CN Railway, China Railway Tielong Container Logistics Company Ltd., CFR Marfa, RSI Logistics, Union Pacific Railroad, SBB Cargo, Tschudi Logistics, CTL Logistics, Deutsche Bahn AG, Japan Freight Railway Company, BNSF, GeoMetrix Rail Logistics, NIPPON EXPRESS, VTG Rail Logistics, Baltic Rail.

FAQ
Frequently Asked Question
  • The global Rail Freight Transportation valued at 271.87 Billion in 2020 and is expected to reach 400.3 Billion in 2028 growing at a CAGR of 9.9%.

  • The prominent players in the market are Kuehne Nagel, SNCF, Colas Rail, Ozark Rail Logistics, Genesee & Wyoming, DB Schenker, PKP Cargo, Deutsche Post DHL Group, CN Railway, China Railway Tielong Container Logistics Company Ltd., CFR Marfa, RSI Logistics, Union Pacific Railroad, SBB Cargo, Tschudi Logistics, CTL Logistics, Deutsche Bahn AG, Japan Freight Railway Company, BNSF, GeoMetrix Rail Logistics, NIPPON EXPRESS, VTG Rail Logistics, Baltic Rail..

  • The market is project to grow at a CAGR of 9.9% between 2021 and 2028.

  • The driving factors of the Rail Freight Transportation include

    • The railway is environment-friendly and influential ways to transport people and goods. Railways are the most active centers of carrier, which can carry tons of weight with less expense and in less time. Railway improves the growth of the rail freight transportation market. This is driving factor for Rail Freight Transportation Market.
    • Railway transportation costs are lower. The cost of railway transportation is only one-tenth of the cost of automobile transportation; transportation fuel consumption is about one-twentieth of automobile transportation. This is another driving factor for Rail Freight Transportation Market.

  • North America was the leading regional segment of the Rail Freight Transportation in 2020.