Europe Intelligent Railways Transportation Management Systems Market 2023-2030
MARKET OUTLOOK
Triton Market Research’s report on the European intelligent railways transport management systems market estimates it to progress with a CAGR of 10.77% over the forecast years 2023-2030.
Italy, Poland, Spain, France, Belgium, the United Kingdom, Germany, and Rest of Europe are evaluated in the market in this region.
The government of France allocates €170 million worth of investments every year with a view to attain its goal of doubling goods transportation via rail by the end of this decade. Furthermore, additional investments worth €70 million will be allocated for isolated wagons; €47 million for operating combined transport services; and €15 million for railway motorways. Moreover, €3.5 billion have been dedicated to a train & train services renewal program for major cities in France. These developments indicate an overall positive outlook for the French market.
The market for rail freight services in Poland differs from other markets in the region. Currently, there are 60 rail carriers in this market. Despite this high diversification, three carriers, namely, PKP Cargo, Lotos Kolej, and DB Cargo Polska, accounted for 90% of the market share in 2019. PKP Cargo is the main operator of rail freight services in the country and also the fourth largest in the European Union. The competently managed and integrated chain of logistical services offered by these operators for freight transportation shows positive growth prospects for the Polish intelligent railways transport management systems market over the coming years.
COMPETITIVE OUTLOOK
The acclaimed companies in the intelligent railways transport management systems market include SAP SE, Oracle Corporation, Denso Corporation, Blue Yonder, Thales Group, Siemens AG, and Kuebix LLC.
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