The Rail Freight Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. This helps to understand about the crucial opportunities as well as threats that can impact market globally as world economy has great impact due to COVID 19.
The global rail freight market is expected to decline from $97.3 billion in 2019 to $94.9 billion in 2020 at a compound annual growth rate (CAGR) of -2.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $114.3 billion in 2023.
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Top Leading Companies Mentioned are CN Railway, SBB Cargo, SNCF, DB Schenker, Duetsche Bahn AG.
Asia Pacific was the largest region in the global rail freight market, accounting for 30% of the market in 2019. North America was the second largest region accounting for 26% of the global rail freight market. Middle East was the smallest region in the global rail freight market.
Tracking and tracing systems of rail freight using GPS and GSM helps the transportation organizations to overcome the rail freight transportation drawbacks such as lost and theft. It provides full-fledged security and monetarization of freights and more effective and efficient freight transportation over short distances for smaller loads. ViWaS project equipped with smart telematics systems in Europe has introduced tracking technology in rail freight.
This report provides a detailed analysis of the Rail Freight market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.
Following are major Table of Content of Rail Freight Industry:
- Rail Freight Market Sales Overview.
- Rail Freight Market Sales Competition by Manufacturers.
- Rail Freight Market Sales Analysis by Region.
- Rail Freight Market Sales Analysis by Type.
- Rail Freight Market Analysis by Application.
- Rail Freight Market -Manufacturers Analysis.
Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Rail Freight in these regions, from 2015 to 2030(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East And Africa.
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