Trends, Drivers and Vendor Forecasts for 2022-2026
Accelerating at a CAGR of 2.15%, the rail freight market is expected to post an incremental growth of $ 29.29 billion over the next five years. BNSF Railway Co., Brookfield Business Partners L.P., Canadian National Railway Co., Canadian Pacific Railway Ltd., Colas SA, CSX Corp., Dassault Systemes SE, Deutsche Post AG, SNTFM CFR Marfa SA, and WSP Global Inc. are among the key market players.
The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. In addition, our report offers a deep understanding of the key market players and their product portfolios. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
Rail Freight Market: Market Segments and Key Trends
The Rail freight market is segmented by Geography (APAC, Europe, North America, MEA, and South America). APAC led the market with 34% of the market growth set to originate from this region during the forecast period. China, India, and Japan are the key markets for rail freight in APAC. Market growth in this region will be faster than the growth of the market in North America owing to increase in cross-border trade.
Increasing maintenance expenses will be one of the challenges that will need to be overcome to drive growth. However, that is true of all segments and have to be mitigated through smart business practices. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
Rail Freight Market: Top Drivers to Boost Demand
Low cost of rail freight is one of the primary factors driving the growth of the rail freight market. The transportation cost of goods to far-off places through airfreight is higher than rail freight. Fuel surcharges, transportation costs, labor and handling expenses, customs brokerage, and landing charges are some of the major components of airfreight costs.
The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For additional insights on this market: Download FREE Sample Report.
Key Focus Areas in Our Reports:
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
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