The rail transportation industry uses trains to provide transport for passengers and/or cargo. Railroads operate either on networks with physical facilities, labor forces, and equipment spread over a wide geographic area, or operate over a short distance on a local rail line. This industry does not include scenic and sightseeing rail transportation, street railroads, commuter rail, or rapid transit systems.
The top five companies covered are China Railway Corporation, Russian Railways, Indian Railways, Deutsche Bahn AG, and Union Pacific Railroad. China Railway Corporation was the largest company in the rail transportation market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Rail Transportation Market Size
The global rail transportation market was valued at around $534 billion in 2017. Asia Pacific was the largest region in the rail transportation market in 2017, accounting for around 49% of the total market. China was the largest country in the market in 2017, accounting for around 19% of the total market.
Rail Transportation Market Trend
Rail stations are evolving from a traditional transit facility to a facility offering leisure and entertainment services. Some of the services offered by rail transportation companies include automated ticketing, helipads and facilities with ergonomic design. Rail stations also serve as a crucial link between commercial, leisure and residential spaces, and are thus redeveloped to generate additional revenues for rail operators.
Rail Transportation Market Segmentation
The rail transportation market is segmented into Freight and Passenger Transportation.
Freight Transportation includes organizations the provide rail car services for passenger, freight and military use. These railcars include gondolas, tank cars, flatcars, refrigerator cars, covered hoppers and intermodal cars.
Passenger Transportation includes organizations that operate railroads worldwide. These include large railroads and regional and local line-haul railroads that carry passengers.