Global Rail Freight Transport Market Size study & Forecast, by Type of Cargo (Containerized (Intermodal), Non-containerized, and Liquid Bulk), by Destination (Domestic and International), by Service Type (Transportation and Services Allied to Transportati

Global Rail Freight Transport Market Size study & Forecast, by Type of Cargo (Containerized (Intermodal), Non-containerized, and Liquid Bulk), by Destination (Domestic and International), by Service Type (Transportation and Services Allied to Transportation), and Regional Analysis, 2022-2029

The global Rail Freight Transport Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. The use of railroads and trains to transport cargo on land is known as rail freight transport. It can be used to transport a variety of goods or part of the distance between the shipper and the intended destination. The Rail Freight Transport market is expanding because of factors such as the rising industrialization and digitalization across automobile transportation.

According to Statista, the industrialization across the globe is growing by 3.6 % including major countries like China, India, Japan, Russia and others peaking at 23 % in June 2021. It includes 15.7 percent of small-scale industries in Africa and 44.2 percent in Latin America and the Caribbean receiving the forms of credit. Moreover, rising infrastructure and adoption of advanced technologies and environmental efficiency of rail transportation create lucrative opportunities for the market. However, restrictions imposed on foreign entry hamper the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Rail Freight Transport Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the growing industrialization and rising digitalization across railway transportation. Whereas the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing growth activities by market players.


Major market players included in this report are:
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
Recent Developments in the Market:
In May 2020, Norfolk Southern Railway made a breakthrough in track inspection technology, which improves railroad safety and efficiency. It is the first North American freight railroad to develop and deploy an autonomous track geometry measurement system mounted on a locomotive, combining ingenuity and innovation.
In February 2021, At the OBB headquarters, the SmartCargo project was officially launched. The technology was presented by the Rail Cargo Group (RCG) board of directors. Each of the 13,700 RCG agons is equipped with a SmartCargo device, which provides detailed information throughout the freight transport process.



Global Rail Freight Transport Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type of Cargo, Destination, Service, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World





The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type of Cargo:
Containerized (Includes Intermodal)
Non-containerized
Liquid Bulk

By Destination:
Domestic
International

By Service:
Transportation
Services Allied to Transportation

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

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

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