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Rail Freight Global Market Report 2024 - By Demand, Share, Size And Analysis, Forecast To 2033
Rail Freight Market
As per the report, the rail freight market size has grown strongly in recent years. It will grow from $276.39 billion in 2023 to $291.62 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The rail freight market size is expected to see strong growth in the next few years. It will grow to $360.65 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.
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Increased Freight Demand Drives Expansion Of The Rail Freight Market
The growing need for freight services is expected to propel the growth of the rail freight market going forward. Freight encompasses items or merchandise moved from one location to another, employing various modes of transportation like ships, aircraft, trains, or trucks. Railways are a frequently chosen method for transporting cargo over extended distances due to their efficiency and economical nature. For instance, in June 2023, according to the Association of American Railroads, a US-based trade association, the total volume of freight shipments in the United States is projected to grow from approximately 19.3 billion tons in 2020 to 25.1 billion tons in 2040, reflecting a 30% increase. Therefore, the growing need for freight services is driving the growth of the rail freight market.
The rail freight market covered in this report is segmented -
1) By Type: Intermodals, Tank Wagons, Freight Cars
2) By Freight Type: Containerized, Liquid, Commodities, Other Freight Types
3) By Destination: Domestic, International
4) By Application: Oil And Gas, Mining Industry, Logistics Industry, Post Service, Other Applications
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Major companies operating in the rail freight market report are Berkshire Hathaway Inc, China Railway Corporation, Canadian National Railway, Union Pacific Corporation, Norfolk Southern Corporation, DB Cargo UK (formerly EWS), Japan Freight Railway Company (JR Freight), Etihad Rail DB, Tiger Logistics India Limited, Kansas City Southern, Companhia Paulista de Trens Metropolitanos, SNCF, BNSF Railway, Atlas Logistics, Porr Qatar Construction WLL, Vale, Direct Rail Services, Jenkar Shipping Ltd, SuperVia, Imt Express, Quebec North Shore and Labrador Railway (QNS&L), Miracle Logistics Company Ghana Limited, Deutsche Bahn AG, Freightliner, Indian Railways, VLI Logística, Shree Shyam Logistics, Rumo, Orchid Global Sourcing, CG Logistics Pvt. Ltd, Interem Packers & Movers, České dráhy (České Dráhy, A.s.), RFFSA, Botswana Rail (BR), Delhi Cargo & Courier Services, MRS Logistics, Russian Railways, Shiprocket, TransContainer, Om Logistics, Saudi Arabia Railways, Anshika Express Cargo, CSX Corporation, Transnet Freight Rail, Alstom, Traxport , SYSTRA, GB Railfreight, SLR Shipping Services LLC, RAIL1520 Ltd, América Latina Logística, OJSC Altaivagon, Canadian Pacific, VSL Logistics and Freight forwarding solutions, Achievers Logistics Ghana, Accra
Contents of the report:
1. Executive Summary
2. Rail Freight Market Report Structure
3. Rail Freight Market Trends And Strategies
4. Rail Freight Market - Macro Economic Scenario
5. Rail Freight Market Size And Growth
…..
27. Rail Freight Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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