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Rail Freight Transportation - Global Strategic Business Report

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    Report

  • 534 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4845824

Global Rail Freight Transportation Market to Reach $315.2 Billion by 2030

The global market for Rail Freight Transportation estimated at US$218.9 Billion in the year 2022, is projected to reach a revised size of US$315.2 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030. Intermodals, one of the segments analyzed in the report, is projected to record 4% CAGR and reach US$137.9 Billion by the end of the analysis period. Growth in the Freight Cars segment is estimated at 4.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $71.7 Billion, While China is Forecast to Grow at 6.2% CAGR

The Rail Freight Transportation market in the U.S. is estimated at US$71.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$42.8 Billion by the year 2030 trailing a CAGR of 6.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Select Competitors (Total 127 Featured)

  • APC Asia Pacific Cargo (S) Pte Ltd
  • Baxter Freight Limited
  • Arshiya Ltd.
  • Baltic Rail AS
  • 88 Transportation
  • ACFS Port Logistics
  • Addways Logistics, JSC
  • Arc Infrastructure Pty Ltd.
  • Arkas Logistics
  • Associated British Ports
  • Be Accurate Ltd.
  • Assured Group Ltd
  • 4PX WorldWide Express
  • ANL Singapore Pte. Limited
  • Aurizon Holdings Ltd.

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Rail Freight Transportation Market

What is the estimated value of the Rail Freight Transportation Market?

The Rail Freight Transportation Market was estimated to be valued at $218.9 Billion in 2022.

What is the growth rate of the Rail Freight Transportation Market?

The growth rate of the Rail Freight Transportation Market is 4.7%, with an estimated value of $315.2 Billion by 2030.

What is the forecasted size of the Rail Freight Transportation Market?

The Rail Freight Transportation Market is estimated to be worth $315.2 Billion by 2030.

Who are the key companies in the Rail Freight Transportation Market?

Key companies in the Rail Freight Transportation Market include APC Asia Pacific Cargo (S) Pte Ltd, Baxter Freight Limited, Arshiya Ltd., Baltic Rail AS, 88 Transportation, ACFS Port Logistics, Addways Logistics, JSC, Arc Infrastructure Pty Ltd., Arkas Logistics and Associated British Ports.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Railways: The Backbone of Economic Growth
  • Global Rail Transport Network by Length (In Kilometers) by Country for 2020
  • COVID-19 Pandemic Severely Disrupts Global Freight Transportation Industry
  • Volume Growth (in %) for Worldwide Merchandise Exports & Imports for Q1 2018 through Q3 2020
  • Rail Freight Slumps Amid the Crisis
  • Hurting Drop in Rail Cargo as COVID-19 Interrupts Transport Routes: Rail Freight Traffic Growth in the US (In %)
  • Rail Freight Transportation Plays a Critical Role in Ensuring Supplies of Essential Goods
  • Freight Capacity Plummets While Prices Surge with Demand
  • US Rail Freight Industry Suffers Amidst COVID-19
  • Rail Freight Transport Remains Indispensable Element of Global Logistics Chain
  • Intermodal: The Largest Segment
  • North America Leads Global Rail Freight Transportation
  • Rail Network Expansion and Technological Advances to Support Growth of European Rail Freight Transport Market
  • Increasing Trade to Help Asia-Pacific Rail Freight Transport Market
  • Competition
  • World Brands
  • Recent Market Activity
  • Rail Freight Transportation - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Increasing Realization about Benefits of Rail Freight Augur Well for the Market
  • Global Trade Flows Determine Growth Dynamics of the Rail Freight Transportation Market
  • Global Merchandise Trade Exports Volume Growth (in %) by Region for 2018-2020
  • Global Merchandise Trade Imports Volume Growth (in %) by Region for 2018-2020
  • Breakdown of Major Exporting Countries (in % Value): 2019
  • Breakdown of Major Importing Countries (in % Value): 2019
  • Development of Europe-Asia Railway Line and Resultant Rise in Trade Flows Augurs Well for the Market
  • Eurasian Rail Freight Transport in TEU for 2016 & 2027
  • COVID-19 Results in Increased Rail Freight Traffic on the New Silk Road
  • Container Shortages Impacts China-Europe Route
  • Rise in Infrastructure Development Projects Presents Opportunities for Rail Freight Transportation
  • A Snapshot of Select Major Ongoing & Upcoming Projects Focused on Rail Freight Transport
  • Rail Transport Investments in the US
  • Congestion Issues with Road Freight Transportation Drives Companies towards Rail Freight Transport Industry
  • Railway Sustainability Comes to the Fore With COVID-19 Reinforcing the Importance of Environmental Protection & Climate Change Management
  • Focus on the Environment Triggers the Trend Towards Railway Electrification
  • % of Rail Network Electrified in Europe by Country for the Year 2020
  • Focus on Sustainable Rail Transport Throws the Spotlight on Zero Emission Trains
  • Rail Freight Transport Embraces Digitization to Deal with Pain Points and Mounting Competition from Road Transport
  • Technology Advancements Help Create Safe, Efficient & Reliable Rail Freight Network
  • GPS and GSM Technologies Help in Tracking Rail Freight
  • Importance of Big Data Analytics and Train Flow Planning Solutions for Rail Freight
  • Growing Role of AI in Intelligent Train Automation
  • Rail Freight Operators Focus on Accident-Free Rail Freight Operations
  • Technology Comes to Aid in Addressing Customer Needs
  • Railroads Emerge as the Most Eco-Friendly Mode to Move Freight
  • Improving Employee Safety in Freight Rail
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Rail Freight Transportation Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Rail Freight Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Rail Freight Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 4: World 16-Year Perspective for Rail Freight Transportation by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Intermodals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Intermodals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 7: World 16-Year Perspective for Intermodals by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Freight Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Freight Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 10: World 16-Year Perspective for Freight Cars by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Tank Wagons by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Tank Wagons by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 13: World 16-Year Perspective for Tank Wagons by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 16: World 16-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Mining by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Mining by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 19: World 16-Year Perspective for Mining by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Chemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Chemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 22: World 16-Year Perspective for Chemical by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Transport by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Transport by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 25: World 16-Year Perspective for Transport by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 28: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Rail Freight Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • COVID-19 Pandemic Severely Impacts the Freight and Logistics Industry
  • Rail Freight in the US: Historical Snapshot
  • Freight Rail Network in the US
  • US Rail Freight Transport Volume (in Billion tonne-kilometers) from the year 2002 to 2018
  • North American Freight Value by Mode (in %) for 2020E
  • Railcar Economics: Highly Complex in Nature
  • CANADA
  • JAPAN
  • Rail Freight Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Rail Freight Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Market Overview
  • Rail Freight Traffic in China (in Trillion Ton Kilometers) for the Years 2011-2019
  • EUROPE
  • Rail Freight Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Rail Freight: A Critical Support System During COVID-19 Crisis
  • Rail Freight Transport in Europe: Lags Behind North American Counterpart
  • Development of CR Express Intercontinental Rail Freight System Faces Challenges Amidst the Pandemic
  • FRANCE
  • Rail Freight Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Rail Freight Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Rail Freight Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Rail Freight Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • Rail Freight Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • Rail Freight Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • Revenues Hit by Travel Ban Restrictions
  • COVID-19 Presents Indian Railways with Opportunity to Overhaul Existing Freight Transport Model
  • Indian Railways Offers Incentives for Freight Transport Amid Coronavirus Pandemic
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Rail Freight Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Rail Freight Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
  • Rail Freight Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • APC Asia Pacific Cargo (S) Pte Ltd
  • Baxter Freight Limited
  • Arshiya Ltd.
  • Baltic Rail AS
  • 88 Transportation
  • ACFS Port Logistics
  • Addways Logistics, JSC
  • Arc Infrastructure Pty Ltd.
  • Arkas Logistics
  • Associated British Ports
  • Be Accurate Ltd.
  • Assured Group Ltd
  • 4PX WorldWide Express
  • ANL Singapore Pte. Limited
  • Aurizon Holdings Ltd.