Categories: Market Research

Global Rail Freight Market Size and Forecast 2023-2032| Duetsche Bahn AG, BNSF Railway, Indian Railways, JSC Russian Railways, Union Pacific Corp,

The Rail Freight Global Market Report 2023 by The Business Research Company, provides rail freight market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Rail Freight Global Market Report 2023, the global rail freight market size grew from $258.77 billion in 2022 to $273.23 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The rail freight market is expected to grow to $332.67 billion in 2027 at a CAGR of 5.0%.

racking and tracing systems of rail freight using GPS and GSM help transportation organisations overcome the rail freight transportation drawbacks such as loss and theft. It provides full-fledged security and monetarization of freight and more effective and efficient freight transportation over short distances for smaller loads. The ViWaS project, equipped with smart telematics systems in Europe, has introduced tracking technology in rail freight.

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The rail freight market is segmented:

1) By Type: Intermodals, Tank Wagons, Freight Cars

2) By Destination: Domestic, International

3) By Application: Oil and Gas, Mining Industry, Logistic Industry, Post Service, Other Applications

4) By Freight Type: Containerized, Liquid, Commodities, Other Applications

The rail freight market includes revenues earned by entities by transporting bulk goods from one place to another using trains. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The rail freight market report table of contents includes:

1. Executive Summary

2. Report Structure

3. Rail Freight Market Characteristics

4. Rail Freight Market Product Analysis

5. Rail Freight Market Supply Chain

26. Rail Freight Market Competitive Landscape

27. Key Mergers And Acquisitions In The Rail Freight Market

28. Market Background: Rail Transportation Market

29. Recommendations

30. Appendix

Top Major Players: