Press release
Rail Freight Transportation Market is Expected to Grow at a CAGR of over 9.9% | During 2022-2028 | Vantage Market Research
According to Vantage market research the Global Rail Freight Transportation market was valued at USD 271.87 Billion in 2020 and is projected to reach USD 400.3 Billion by 2028, growing at a CAGR of 9.9% from 2021 to 2028.
Key Findings and Insights from the report:
• The report presents the estimated CAGR of 9.9% size of the Rail Freight Transportation Market at the end of the forecast period.
• The Global Rail Freight Transportation market is predicted to reach a value of USD 400.3 Billion by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.
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Rail freight transportation allows the carriage of goods from a single point of loading or a freight station to a point of unloading. These goods are usually heavy and heavy, such as fuel, building supplies, iron and steel. The rail freight market offers the flow of heavy goods as well as rail freight service.
Market Segmentation:
By Type:
• Tank Wagons
• Freight Cars
• Intermodals
By Application:
• Oil and Gas
• Mining
• Industry Logistic Industry
• Chemical Industry
• Military
• Post Service
• Others
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COVID-19 Impact Analysis of Rail Freight Transportation Market:
When the Covid-19 pandemic began in China last year, it sent shock waves to countries around the world. And as the number of cases continued to rise, it forced governments around the world to take serious action such as border seals, lockdowns and enforce strict social distancing measures to avert imminent catastrophe. These actions had a dramatic effect on the economy, as industrialists around the world were forced to halt their production, leading to supply chain disruptions and the loss of various industries. Thus, a fall in the global markets.
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The Rail Freight Transportation market regional level analysis:
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
List of Leading Players in the Global Rail Freight Transportation Market:
• Kuehne Nagel
• SNCF
• Colas Rail
• Ozark Rail Logistics
• Genesee & Wyoming
• DB Schenker
• PKP Cargo
• Deutsche Post DHL Group
• CN Railway
• China Railway Tielong Container Logistics Company Ltd.
• CFR Marfa
• RSI Logistics
• Union Pacific Railroad
• SBB Cargo
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Reason for buying this Rail Freight Transportation market Report:
• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Rail Freight Transportation market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Rail Freight Transportation market and provides possible solutions to those problems.
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