The briskly rising economies of the developed as well as developing regions, growing trends of urbanization and escalating disposable income, have resulted in an increased flow of goods. Adoption of advanced technologies, infrastructure development are some of the primary factors contributing to the growth of the freight transportation and services. Despite, the process of the railways by government in certain nations might result in cost increment and inefficiency.
The "Global Railway freight transportation Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Railway freight transportation market with detailed market segmentation by cargo type, destination, service type, and geography. The report provides key statistics on the market status of the leading Railway freight transportation market players and offers key trends and opportunities in the market.
- Based on cargo type, the global Railway freight transportation market is segmented into containerized, non containerized and tanker.
- On the basis of destination, the market is segmented into domestic and international.
- Based on service type, the market is bifurcated into transportation services and ancillary services.
- The rail freight transport is relatively inexpensive to other transportation medium and is also the rail is considered to be more efficient, because it enables larger volume of cargo to be transported to long distances.
- The transport of goods by train reduces the amount of fuel and emissions.
- Implementation of restrictions on foreign entry and other barriers, are projected to restraint the growth of the market in some of the countries across the globe.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Railway freight transportation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Railway freight transportation market in these regions.
IMPACT OF COVID-19 ON RAILWAY FREIGHT TRANSPORTATION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the Railway freight transportation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Railway freight transportation market are anticipated to lucrative growth opportunities in the future with the rising demand for Railway freight transportation in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Railway freight transportation market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Canadian National Railway
- Canadian Pacific Railway
- DB Cargo
- Geneese and Wyoming Inc.
- Indian Railways
- Japan Freight Railway Company
- Russian Railways RZhD
- Swiss Federal Railways
- Union Pacific Railroad
- United Parcel Service
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.