Global Rail Freight Market Report 2022 – Market Forecast, Trends And Strategies

22 Jun, 2022

The global rail freight market size is expected to grow from $242.53 billion in 2021 to $258.11 billion in 2022 at a compound annual growth rate (CAGR) of 6.4%. The rail freight market is then expected to grow to $318.42 billion in 2026 at a CAGR of 5.4%.

What is the Global Rail Freight Market?

The rail freight market consists of sales of rail freight transportation services and related goods by entities (organizations, sole traders, and partnerships) that provide the carriage of goods from a point of loading, or goods station, to a point of unloading, again a station capable of handling the loading and unloading of the goods carried. These goods are generally heavy in bulk and of low value with their bulk.

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What drives 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 loss 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.

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Global Rail Freight Market Segments
The global rail freight market is segmented:
By Type: Intermodals, Tank Wagons, Freight Cars
By Destination: Domestic, International
By Application: Oil and Gas, Mining Industry, Logistic Industry, Post Service, Others
By Freight Type: Containerized, Liquid, Commodities, Others
By Geography: The regions covered in the rail freight market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Rail Freight Global Market Report 2022provides market size and growth forecasts for the global rail freight market, global rail freight market share, rail freight market segments and geographies, rail freight market competitive landscape including leading competitors’ revenues, profiles and market shares. The rail freight market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Rail Freight Industry Playersinclude Duetsche Bahn AG, BNSF Railway, Indian Railways, JSC Russian Railways, Union Pacific Corp, China Railway Corporation, Berkshire Hathaway Inc., Canadian National Railway, CSX Corp, and Norfolk Southern Corp. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.

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