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Global Rail Freight Transportation Market Share, Forecast: By Type of Cargo: Containerised (Includes Intermodal), Non-containerised, Liquid Bulk; By Destination: Domestic, International; By Application: Oil and Gas, Mining, Chemical, Transport; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Rail Freight Transportation Market Outlook
The global rail freight transportation market size reached approximately USD 263.41 billion in 2023. The market is estimated to grow at a CAGR of 3.1% in the forecast period of 2024-2032, reaching a value of around USD 351.52 billion by 2032.
Key Trends in the Market
Rail freight transportation or rail cargo transportation refers to the usage of trains and railroads for the transport of goods and commodities. A freight train is an integral part of the supply chain and ensures the seamless transport of goods domestically or across the border.
- The growing shift towards precision scheduled railroading (PSR), which involves the operation of cargo trains on a fixed schedule, is one of the prominent rail freight transportation market trends. PSR improves the efficiency of freight trains by ensuring the timely delivery of goods.
- The increased incorporation of positive train control systems into freight rails for collision avoidance, monitoring speed, and prevention of rail derailments, among others, is another crucial trend supporting the market expansion.
- With the rising trend of decarbonisation, battery-powered freight trains that offer a zero-emission solution are gaining prominence, positively influencing the rail freight transportation market growth.
- The increasing deployment of advanced technologies such as AI, big data, and analytics in rail freight transport to facilitate effective train scheduling, reduce delays, and enable the prediction of failures to enhance efficiency and reliability is driving the market development.
Market Analysis
Based on the type of cargo, the market is divided into containerised (includes intermodal), non-containerised, and liquid bulk. The rail freight transportation market segmentation, on the basis of destination, includes domestic and international.
Based on application, the market is classified into oil and gas, mining, chemical, and transport. The major regional markets of rail freight transportation include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the rail freight transportation market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Deutsche Post AG
- United Parcel Service of America, Inc.
- Nippon Express Co., Ltd.
- Deutsche Bahn AG
- Indian Railways
- BNSF Railway Company
- Canadian National Railway Company
- PKP Cargo International Group
- CSX Corporation
- Genesee & Wyoming Inc.
- Others
Market Share by Type of Cargo
Containerised cargo occupies a significant portion of the rail freight transportation market share as it offers standardisation of containers, which makes the loading and unloading of containers easier, resulting in a cost-efficient and time-saving cargo handling process. These types of cargo offer seamless transfer of goods from one mode of transport to another without any hassle.
Furthermore, these cargos offer the flexibility of transporting a variety of goods such as manufactured and refrigerated commodities.
Market Share by Region
As per the rail freight transportation market analysis, Europe accounts for a substantial share of the global market, due to the growth of the railway sector in the region. This region has a well-established network of railways, which facilitates the transport of goods locally and across the border through railway modes.
Technological advancements by key players for enhancing the operational performance of rail freight also provide a positive outlook to the market. Additionally, the Asia Pacific is also expected to witness sizeable growth in the forecast period, owing to the growing focus on infrastructural development.
Competitive Landscape
Deutsche Post AG is a provider of mail and parcels, established in 1995 and based in Bonn, Germany. It also offers press distribution, digital marketing, and corporate communication services, among others.
United Parcel Service of America, Inc., founded in 1907, is a supply chain management company, headquartered in Georgia, the United States. The company offers innovative solutions in the shipment and delivery of parcels.
Nippon Express Co., Ltd., incorporated in 1937, is a global logistics corporation, with its headquarters in Tokyo, Japan. The corporation is a major provider of ground, air, ocean, railway, and cross-border freight services.
Other rail freight transportation market players include Deutsche Bahn AG, Indian Railways, BNSF Railway Company, Canadian National Railway Company, PKP Cargo International Group, CSX Corporation, and Genesee & Wyoming Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type of Cargo |
|
| Breakup by Destination |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Rail Freight Transportation Market Analysis
8.1 Key Industry Highlights
8.2 Global Rail Freight Transportation Historical Market (2018-2023)
8.3 Global Rail Freight Transportation Market Forecast (2024-2032)
8.4 Global Rail Freight Transportation Market by Type of Cargo
8.4.1 Containerised (Includes Intermodal)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Non-containerised
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Liquid Bulk
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Rail Freight Transportation Market by Destination
8.5.1 Domestic
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 International
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Rail Freight Transportation Market by Application
8.6.1 Oil and Gas
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Mining
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Chemical
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Transport
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.7 Global Rail Freight Transportation Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Rail Freight Transportation Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Rail Freight Transportation Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Rail Freight Transportation Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Rail Freight Transportation Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Rail Freight Transportation Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Deutsche Post AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 United Parcel Service of America, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Nippon Express Co., Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Deutsche Bahn AG
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Indian Railways
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 BNSF Railway Company
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Canadian National Railway Company
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 PKP Cargo International Group
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 CSX Corporation
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Genesee & Wyoming Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Rail Freight Transportation Market: Key Industry Highlights, 2018 and 2032
2. Global Rail Freight Transportation Historical Market: Breakup by Type of Cargo (USD Billion), 2018-2023
3. Global Rail Freight Transportation Market Forecast: Breakup by Type of Cargo (USD Billion), 2024-2032
4. Global Rail Freight Transportation Historical Market: Breakup by Destination (USD Billion), 2018-2023
5. Global Rail Freight Transportation Market Forecast: Breakup by Destination (USD Billion), 2024-2032
6. Global Rail Freight Transportation Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Rail Freight Transportation Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Rail Freight Transportation Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Rail Freight Transportation Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Rail Freight Transportation Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Rail Freight Transportation Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Rail Freight Transportation Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Rail Freight Transportation Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Rail Freight Transportation Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Rail Freight Transportation Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Rail Freight Transportation Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Rail Freight Transportation Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Rail Freight Transportation Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Rail Freight Transportation Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Rail Freight Transportation Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 263.41 billion.
The market is projected to grow at a CAGR of 3.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 351.52 billion by 2032.
The major market drivers are the increased volume of cargo, increased investments in railway infrastructural development, and growth of intermodal transportation.
The key trends of the market include a growing shift towards precision scheduled railroading (PSR), increased incorporation of positive train control systems into freight rails, rise in prominence of battery-powered freight trains, and the advent of technological advancements such as AI, big data, and analytics in rail freight transport.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Different destinations are domestic and international.
The key players in the market are Deutsche Post AG, United Parcel Service of America, Inc., Nippon Express Co., Ltd., Deutsche Bahn AG, Indian Railways, BNSF Railway Company, Canadian National Railway Company, PKP Cargo International Group, CSX Corporation, and Genesee & Wyoming Inc., among others.
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