Rail Freight Transport Market 2021 Analysis and Precise Outlook - Union Pacific Railroad, Canadian National Railway, CSX Transportation, Norfolk Southern Railway

Rail Freight Transport Market - Growth, Trends, And Forecast (2020 - 2025)

The report presents an in-depth assessment of the Rail Freight Transport including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Rail Freight Transport investments from 2020 till 2025.

The global rail freight transport market is expected to exhibit a CAGR of about 2% during the forecast period 2020-2025. North America leads the global rail freight market and Asia-Pacific is expected to overtake North America during the forecast period. 

The Rail Freight Transport market is highly competitive and consists of a number of major players. Top Companies like Union Pacific Railroad, Canadian National Railway, CSX Transportation, Norfolk Southern Railway, BNSF Railway, Swiss Federal Railways, DHL, DB Cargo, United Parcel Service (UPS), Canadian Pacific Railway, Russian Railways (RZD), Geneese & Wyoming Inc., SNCF, Indian Railways, Japan Freight Railway Company (JR Freight)

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Scope of the Report

COVID-19 had a mixed impact on the global rail freight market as regions line North and South America saw a decline in the rail freight market while Asia and Europe saw a rise in the rail freight traffic. In the long term regional share of rail freight is expected to see a prominent increase. With this there is expected to be higher investment, further infrastructure development and technology implementation to digitize rail freight.

Key Market Trends

Low cost of transportation and modal shift drive the market

Rail freight companies continue to invest and reduce costs for customers. For instance, they have increased the payloads they can carry, with tonnage per train up by 80% in the last decade. When shipping by rail, the lower interest costs for the tied-up capital partly cover the higher transportation costs, making rail freight a very cost-efficient shipping alternative. Let me exemplify:

If a company ships 750 containers per year, with an average cargo value of 250 000 EUR per container, and a financial cost of 5% PA, the daily interest cost is 37.52 EUR per container. Shipping goods door-to-door from China to Europe by rail typically takes about 25 days, compared to the sea, which typically takes about 42 days. This means a saving in interest cost of 708 EUR per container or 531,165 EUR per year for all 750 containers. This is money that can be used to cover extra costs and create a more agile supply chain, which can also have an additional positive impact on cost parameters and capital binding.

Rail freight companies continue to invest and reduce costs for customers. For instance, they have increased the payloads they can carry, with tonnage per train up by 80% in the last decade. Railway transportation costs are lower. The cost of railway transportation is only one-tenth of the cost of automobile transportation; transportation fuel consumption is about one-twentieth of automobile transportation.

The COVID-19 crisis has resulted in the shortage of truck drivers, restriction on sea and air transport in many countries and regions. As a result, the cost of transportation through truck sea or air has sharply risen as compared to rail freight costs. This has made the shift to rail fright a supply chain advantage.

Asia-Pacific Leads the Global Rail Freight Transport Market

As per the industry sources, the Asia-pacific region leads the current market studied and is also expected to grow significantly above Europe and North America. China is the largest market followed by India. Indias rail network is the worlds third-largest.

Southeast Asia is the major driver for rail freight movement across the region comes from a significant improvement in the business climate in most of the ASEAN countries over the last decade. The China-Laos railway, the launch of Laos' first satellite, hydropower development, and other projects funded by China have helped to promote connectivity between the two nations. Agriculture is seen as an important sector to bolster Lao exports to China, especially bananas, rubber, fertilizer, cassava, and corn. A major driver for rail freight movement across the region is the significant improvement in the business climate in most of the ASEAN countries over the last decade. Vietnam, the Philippines, and Indonesia are among the fastest-growing countries in the region..

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Rail Freight Transport Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

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