Dublin, Oct. 17, 2023 (GLOBE NEWSWIRE) -- The "Rail Freight Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global rail freight market grew from $258.77 billion in 2022 to $273.23 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The rail freight market is expected to grow to $332.67 billion in 2027 at a CAGR of 5.0%.
The rail freight market research report offers essential statistics on the rail freight market. It covers global market size, regional market shares, key competitors and their market shares, detailed market segments, prevailing trends, opportunities, and other relevant data crucial for success in the rail freight industry.
In the rail freight market, the primary types of services are intermodal, tank wagons, and freight cars. Freight cars play a pivotal role in transporting and conveying goods efficiently. The market is further segmented by freight type, which includes containerized, liquid, commodities, and other goods. Additionally, it is categorized by application, encompassing sectors like oil and gas, mining, logistics, postal services, and others.
The adoption of tracking and tracing systems in rail freight, utilizing technologies like GPS and GSM, has addressed key challenges in rail freight transportation, such as loss and theft of cargo. These systems provide enhanced security, asset monetization, and more efficient transport solutions for smaller loads over shorter distances. Projects like ViWaS in Europe have introduced advanced tracking technologies to improve rail freight operations.
The rail freight market encompasses the revenue generated by entities engaged in transporting bulk goods via trains. The market value comprises not only the transportation service itself but also the value of related goods sold by the service provider or included as part of the service offering. Only goods and services traded between entities or sold to end consumers are considered in this market.
In 2022, Asia-Pacific emerged as the largest region in the rail freight market, with North America coming in as the second-largest region. The regions covered in this rail freight market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major companies in the rail freight market include
- Duetsche Bahn AG
- BNSF Railway
- Indian Railways
- JSC Russian Railways
- Union Pacific Corp
- China Railway Corporation
- Berkshire Hathaway Inc.
- Canadian National Railway
- CSX Corp
- Norfolk Southern Corp
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 300 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $273.23 billion |
| Forecasted Market Value (USD) by 2027 | $332.67 billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Rail Freight Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Rail Freight Market Product Analysis
4.1. Leading Products/Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Rail Freight Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Rail Freight Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Rail Freight Market Trends And Strategies
8. Rail Freight Market - Macro Economic Scenario
8.1 COVID-19 Impact On Rail Freight Market
8.2 Ukraine-Russia War Impact On Rail Freight Market
8.3 Impact Of High Inflation On Rail Freight Market
9. Rail Freight Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Rail Freight Market Regional Analysis
10.1. Global Rail Freight Market, 2022, By Region, Value ($ Billion)
10.2. Global Rail Freight Market, 2017-2022, 2022-2027F, 2032F, Historic And Forecast, By Region
10.3. Global Rail Freight Market, Growth And Market Share Comparison, By Region
11. Rail Freight Market Segmentation
11.1. Global Rail Freight Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Intermodals
- Tank Wagons
- Freight Cars
11.2. Global Rail Freight Market, Segmentation By Destination, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Domestic
- International
11.3. Global Rail Freight Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Oil and Gas
- Mining Industry
- Logistic Industry
- Post Service
- Other Applications
11.4. Global Rail Freight Market, Segmentation By Freight Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Containerized
- Liquid
- Commodities
- Other Applications
12. Rail Freight Market Metrics
12.1. Rail Freight Market Size, Percentage Of GDP, 2017-2027, Global
12.2. Per Capita Average Rail Freight Market Expenditure, 2017-2027, Global
For more information about this report visit https://www.researchandmarkets.com/r/ck6shj
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