Global Rail Freight Market 2024-2028
Rail Freight Market 2024-2028
The rail freight market is forecasted to grow by USD 27.7 bn during 2023-2028, accelerating at a CAGR of 2% during the forecast period. The report on the rail freight market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by low cost of rail freight, robust investments in freight corridors, and increasing industrial and cross-border trade activities.
Technavio's rail freight market is segmented as below:
By Type
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the emergence of digitalization in rail freight services as one of the prime reasons driving the rail freight market growth during the next few years. Also, increase in private-sector participation and rising focus on precision scheduled railroading will lead to sizable demand in the market.
The report on the rail freight market covers the following areas:
- Rail Freight Market sizing
- Rail Freight Market forecast
- Rail Freight Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading rail freight market vendors that include BURLINGTON NORTHERN SANTA FE LLC, Brookfield Business Partners LP, Canadian National Railway Co., Canadian Pacific Kansas City, Colas SA, CSX Corp., Dassault Systemes SE, DHL Express Ltd., Japan Freight Railway Co., Kuehne Nagel Management AG, Nippon Express Holdings Inc., Norfolk Southern Corp., OBB-Personenverkehr AG, PKP CARGO SA, SBB Cargo International AG, SNTFM CFR Marfa SA, Tschudi Group, Union Pacific Corp., and WSP Global Inc.. Also, the rail freight market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.