The report presents an in-depth assessment of the Rail Freight Transport Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Rail Freight Transport from 2021 till 2026. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.
The global rail freight transport market is expected to exhibit a CAGR of about 2% during the forecast period 2020-2025.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Rail Freight Transport Market: Union Pacific Railroad, Canadian National Railway, CSX Transportation, Norfolk Southern Railway, BNSF Railway, Swiss Federal Railways, DHL, DB Cargo, United Parcel Service (UPS), Canadian Pacific Railway, Russian Railways (RZD), Geneese & Wyoming Inc., SNCF, Indian Railways, Japan Freight Railway Company (JR Freight)* and others.
North America leads the global rail freight market and Asia-Pacific is expected to overtake North America during the forecast period. Moreover, the rise in global trade and various trade agreements are boosting the global trade flows. The non-containerized cargo and liquid bulk dominate the type of cargo transported by rail while the growth of Intermodal transport is boosting the transport of containerized cargo. Intermodal cargo is estimated to witness high growth over the forecast period. Similarly, with the rise in international trade and the countries recognizing the benefits of rail freight transport, cross-border rail freight transport is gaining huge momentum across different parts of the world.
Key Market Trends:
Low cost of transportation and modal shift drive the market
Rail freight companies continue to invest and reduce costs for customers. For instance, they have increased the payloads they can carry, with tonnage per train up by 80% in the last decade. When shipping by rail, the lower interest costs for the tied-up capital partly cover the higher transportation costs, making rail freight a very cost-efficient shipping alternative. Let me exemplify:
If a company ships 750 containers per year, with an average cargo value of 250 000 EUR per container, and a financial cost of 5% PA, the daily interest cost is 37.52 EUR per container. Shipping goods door-to-door from China to Europe by rail typically takes about 25 days, compared to the sea, which typically takes about 42 days. This means a saving in interest cost of 708 EUR per container or 531,165 EUR per year for all 750 containers. This is money that can be used to cover extra costs and create a more agile supply chain, which can also have an additional positive impact on cost parameters and capital binding.
Rail freight companies continue to invest and reduce costs for customers. For instance, they have increased the payloads they can carry, with tonnage per train up by 80% in the last decade. 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.
Regional Analysis For Rail Freight Transport Market:
North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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Influence of the Rail Freight Transport Market Report:
-Comprehensive assessment of all opportunities and risks in the Rail Freight Transport market.
-The detailed study of business strategies for the growth of the Rail Freight Transport market-leading players.
-Conclusive study about the growth plot of the Rail Freight Transport market for forthcoming years.
-In-depth understanding of Rail Freight Transport market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Rail Freight Transport market.
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Rail Freight Transport Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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