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Rail Freight Global Market 2023 - By Trends, Share, Key Factors, Opportunities And Strategies, Outlook To 2032
The Business Research Company's latest "Global Rail Freight Market Opportunities And Strategies Market Report - Forecast To 2032" is the most comprehensive report available in market that will help gain a truly global perspective with data and statistics from over 60 geographies analyzed with more than 7500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth and highlights important trends and strategies that can be adopted to beat the competition in the industry
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The global rail freight market grew from $260.492 billion in 2022, having increased at a compound annual growth rate (CAGR) of 3.4% since 2017. The market is expected to grow from $260.492 billion in 2022 to $341.525 billion in 2027 at a rate of 5.6%. The market is then expected to grow at a CAGR of 5.5% from 2027 and reach $446.016 billion in 2032.
Rail freight transportation refers to the transportation service used to transport cargo using railroads and trains instead of transporting human passengers. It is an essential part of the logistics chain, involving the movement of goods between the shipper and the intended destination.
Major companies in the rail freight market are focusing on using artificial intelligence (AI) to provide accurate analysis and provide real time transport operations, transportation planning and predictive operations. Artificial Intelligence in rail freight helps to optimize operations and increase rail capacity. For example, in July 2023, RailVision Analytics, a Canadian new and innovative software company in the rail industry, developed artificial intelligence-enabled software to help locomotive engineers make small adjustments in train driving that could lead to big savings in diesel fuel. That could help freight and passenger trains cut into the roughly 100 million tons of planet-warming gases released into the atmosphere every year. Further, in January 2022, Hitachi Rail, an Italian transportation company, formed a long-term alliance with Intermodal Telematics (IMT), a Dutch provider of smart telemetric solutions for logistics sectors, to enhance its offerings for the rail freight market. As part of this cooperation, Hitachi Rail will utilize AI analytics for improving the efficiency and security of its clients' freight services globally.
Rail Freight Market Segmentation:
• By Type -
a) Intermodals
b) Tank Wagons
• By Destination -
a) Domestic
b) International
• By Application-
a) Oil And Gas
b) Mining Industry
c) Logistics Industry
d) Post Service
e) Other Applications
• By Freight Type-
a) Containerized
b) Liquid
c) Commodities
d) Other Freight Types
e) Other Applications
• By Geography -
o Asia Pacific
• China
• India
• Bangladesh
• Japan
• Australia
• Indonesia
• South Korea
• Hong Kong
• Malaysia
• New Zealand
• Philippines
• Singapore
• Thailand
• Vietnam
o North America
• USA
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Chile
• Colombia
• Peru
o Western Europe
• UK
• Germany
• France
• Austria
• Belgium
• Denmark
• Finland
• Ireland
• Italy
• Netherlands
• Norway
• Portugal
• Spain
• Sweden
• Switzerland
o Eastern Europe
• Russia
• Czech Republic
• Poland
• Romania
• Ukraine
o Middle East
• Saudi Arabia
• Israel
• Iran
• Turkey
• UAE
o Africa
• Egypt
• Nigeria
• South Africa
c) Freight CarsSome of the key players involved in the Rail Freight market are Berkshire Hathaway Inc., China Railway Corporation, Canadian National Railway, Union Pacific Corporation, Norfolk Southern Corporation.
The regions covered in the global Rail Freight market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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A Few Points From The Table Of Content
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
..........
24. Key Mergers and Acquisitions
25. Market Background: Rail Transport Market
26. Opportunities and Strategies
27. Rail Freight Market, Conclusions and Recommendations
28. Appendix
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