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The global rail logistics market size reached approximately USD 256.39 billion in 2023. The market is assessed to grow at a CAGR of 3.1% between 2024 and 2032 to attain a value of around USD 336.1 billion by 2032.
Rail logistics, variously known as rail freight, refers to the movement of bulk materials efficiently and affordably. A train can carry large amounts of cargo in terms of weight and volume. It is also one of the most reliable modes of transportation. Rain logistics is essential to reduce the congestion of roads and lower pollution levels.
Based on type, the rail logistics market segmentations include intermodals, tank wagons, and freight cars. On the basis of operational area, the market can be divided into domestic and international. By end use, the market is divided into automotive, manufacturing, healthcare, telecommunication, retail, and technology, among others. The major regional markets for rail logistics 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 global rail logistics market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
As per the rail logistics market analysis, the preference for rail logistics for domestic freight movement is likely to significantly grow in the forecast period. This can be attributed to the cost-effectiveness, reliability, sustainability, and dependability of rail freight services. In addition to this, trains have higher loading capacities than trucks, which makes them ideal for transporting large amounts of cargo in domestic areas.
Moreover, the demand for railways for international logistics is anticipated to surge as trains provide better speed for long-distance hauls, reduce hindrances to freight movement, and boast more organised routing than road freight.
The automotive sector accounts for a significant portion of the rail logistics market share. The increasing demand for cars, coupled with the globalisation of the automotive industry, is boosting the demand for rail logistics services to reduce road congestion and lower carbon footprints. Automakers are increasingly preferring railway as a service and safe freight service, and surging investments in maximising efficiency of railroads are boosting the usage of rail logistics for automobiles.
FedEx Corporation, headquartered in Tennessee, the United States, is a company that provides businesses as well as customers with e-commerce and transportation services. Its independent operating companies offer services and advanced tech solutions in over 220 territories and countries to ensure the robustness of supply chains.
United Parcel Service Inc., founded in 1907 as a private delivery and messenger service provider in Seattle, has emerged as a leading package delivery company. It also offers specialised logistics and transportation services as well as a has established itself as a prominent provider of supply chain management solutions. It offers its services in nearly 200 countries and territories across the world.
Geodis Group is a leading transportation and logistics company that specialises in various aspects of the supply chain. It has a global network in approximately 170 countries and delivers shipments through its expertise in air, land, and sea transportation. Founded in 1904 and headquartered in LEVALLOIS-PERRET, France, the company aims to deliver goods globally through sustainable, ethical, and innovative logistics.
Other rail logistics market players include Deutsche Post AG, DB Schenker, CEVA Logistics, C.H. Robinson Worldwide, Inc., DB International Operation, Nippon Express Co., Ltd., A.P. Moller – Maersk, and Dan Transport Group A/S, among others.
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 |
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Breakup by Operational Area |
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Breakup by End Use |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market attained a value of nearly USD 256.39 billion.
The market is assessed 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 to reach about USD 336.1 billion by 2032.
The major market drivers are the growing investments in rail infrastructure, rising awareness regarding the benefits of rail freight, and growing attempts to enhance the sustainability of logistic operations.
Technological advancements and innovations aimed at improving rail logistics operation and the development of fuel-efficient locomotives are the key trends aiding the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant end uses of rail logistics are automotive, manufacturing, healthcare, telecommunication, retail, and technology, among others.
The major players in the market are Deutsche Post AG, DB Schenker, United Parcel Service Inc., Geodis Group, FedEx Corporation, CEVA Logistics, C.H. Robinson Worldwide, Inc., DB International Operation, Nippon Express Co., Ltd., A.P. Moller – Maersk, and Dan Transport Group A/S, among others.
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