Report Ocean published the latest research report on the Rail Logistics Market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Rail Logistics Market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, and growth rate.
Global Rail Logistics Market Overview
The global rail logistics market witnessed a revenue of approximately US$ 2,116.7 billion in 2022 and is projected to reach US$ 3,579.7 billion by 2031. The market is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period from 2023 to 2031. Rail logistics transport, involving the movement of goods on wheeled vehicles running on rails, is a significant and cost-effective mode of transportation over short and long distances.
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Factors Influencing Market Growth
- Rise in Demand for Safer Transport Systems: The global rail logistics market growth is driven by an increased demand for safer, secure, and efficient transport systems.
- Budget Allocation for Railway Development: Growth is fueled by an increase in budget allocations for the development of railways, contributing to the expansion of rail logistics.
- Restrictions in Cross-Border Freight Transport: Market growth is hindered by restrictions related to cross-border freight transport, posing challenges for rail logistics.
- Testing of Autonomous Trains: Opportunities for growth are presented by the testing of autonomous trains, along with the surge in development and increased mining and industrial activities.
Impact of COVID-19
During the COVID-19 pandemic, passenger train services were shut down, and freight transport services were restricted due to a decline in demand for commodities and disruptions in the supply chain. Rail logistics services were utilized for the transportation of essential commodities in several countries.
Regional Analysis
- Dominance of Asia-Pacific: Asia-Pacific is anticipated to dominate the global rail logistics market during the forecast period. The region’s growth is attributed to increased trade, supported by extended investments by governments in rail freight for goods movement.
Leading Companies
Leading companies in the global rail logistics market include A.P. Moller-Maersk, CEVA Logistics AG, C.H. Robinson Worldwide, Inc., DB Schenker, Deutsche Post DHL Group, DSV A/S, Geodis, FedEx, Kuehne+Nagel International AG, Nippon Express Co., Ltd., Schenker Deutschland AG, United Parcel Service of America, Inc., and other prominent key players.
Segmentation Outline
- Type
- Intermodals
- Tank Wagons
- Freight Cars
- Operational Area
- Domestic
- International
- End-Use Industry
- Healthcare
- Manufacturing
- Telecommunication
- Retail
- Technology
- Trade and Transportation
- Others
- Region
- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- North America
(*Note: The historical years and projected period in the report are flexible and can be tailored upon request. Additionally, the scope of the published report is adjustable to meet specific requirements, and customized analyses based on particular geographies or countries can be included as part of the customization.)
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