Global Rail Freight Transport Market
Rail freight transport is a means of conveyance which is for the use of sending bulk of goods through railroads or trains. Freight means cargo or shipment that is transited at certain rate for trading purpose. Originally Cargo was a shipload but now it covers all means of transportation.
A freight, cargo, or goods train is an assembly or a group of trains or freight cars as known in US or goods wagons under International Union of Railways dragged by one or more engines transiting shipment from one destination to other as a part of logistics. Freight train pulls materials which are dry, powdery or in granular form also known as bulk material, it may haul shipping container a large standardized container specifically designed for shipping by railways, seaways or roadways. The freight charges and economics can vary by country or region. A few examples of bulk material can be agriculture, automotive, chemicals, raw construction materials, energy resources like coal, oil, wind turbines etc.
Rail freight transportation is much faster than the ocean freight. It is more convenient way of moving goods by train especially for high-value industrial products which are required to reach final destination as early as possible. Rail freight transportation can be economical and environmental friendly. The main advantage of this conveyance is its dependability, better organisation and cheaper means of transport. Additionally, it is best suitable for bulky and heavy goods as in comparison to other modes of transportation as it holds a larger capacity for heavy materials. A 40-feet container holds up to 22,000 kg of goods which can cost up to 8,000 USD, however the same load would cost around 4,000$ to 32,000$ by air or sea.
There are approximately 1.1 million km rail lines around the world, and America holding the highest share of 32% followed by Asia with 30% and Europe with 24%. Last year’s demography shows that rail freight is on a rising curve world wide apart from Africa.
Global Rail Freight Transport Market overview
The global rail freight transport market was appraised at $247.39 billion in the year 2020 and it is forecasted to reach a CAGR of 2% during 2021-2026.
The Covid-19 pandemic has had diverse effects on the market as county’s like North and South America saw a drop in rail freight market while Europe and Asia witnessed a rise. However, in the long term the regional share is anticipated to rise in addition to development in infrastructure, higher investment, technology implementation to digitize the rail.
the major players included in the report:
Kuehne Nagel
RSI Logistics
CTL Logistics
Tschudi Logistics
PKP Cargo
Baltic Rail
Colas Rail
CFR Marfa
Union Pacific Railroad
Japan Freight Railway Company
VTG Rail Logistics
Deutsche Post DHL Group
CN Railway
Ozark Rail Logistics
SNCF
Deutsche Bahn AG
BNSF
SBB Cargo
DB Schenker
NIPPON EXPRESS
China Railway Tielong Container Logistics Company Ltd.
Genesee & Wyoming
GeoMetrix Rail Logistics
Segment by Type:
Tank Wagons
Freight Cars
Intermodals
Segment by Application:
Oil and Gas
Mining Industry
Logistic Industry
Chemical Industry
Military
Post Service
Others
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Production by Region
United States
Europe
China
Japan
India
TOC
1 Rail Freight Transportation Market – Research Scope
2 Rail Freight Transportation Market – Research Methodology
3 Rail Freight Transportation Market Forces
4 Rail Freight Transportation Market – By Geography
5 Rail Freight Transportation Market – By Trade Statistics
6 Rail Freight Transportation Market – By Type
7 Rail Freight Transportation Market – By Application
8 North America Rail Freight Transportation Market
9 Europe Rail Freight Transportation Market Analysis
10 Asia-Pacific Rail Freight Transportation Market Analysis
11 Middle East and Africa Rail Freight Transportation Market Analysis
12 South America Rail Freight Transportation Market Analysis
13 Company Profiles
14 Market Forecast – By Regions
15 Market Forecast – By Type and Applications
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