Global Rail Transportation Market is anticipated to reach US$ 723.7 Bn by 2027 from US$ 418.1 Bn in 2019 at a CAGR of 7.8% during a forecast period.
Global Rail Transportation Market Overview

The rail transportation market includes sales of rail transportation services and related commodities that use trains to carry passengers or cargo. Commodity transportation provides for roughly 80% of all rail revenue in the current scenario. Rail transportation services are typically used to move goods such as coal, chemicals, and rocks, as well as consumer goods containers and automobiles. As a result, many industries are turning to rail transportation because of its advantages, such as its efficiency and cost-effectiveness.

Global Rail Transportation Market

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The report includes a comprehensive background analysis of the rail freight market, including an analysis of industry and economic sector contributions. The report has covered the market trends from 2015 to forecast the market through 2027. Where 2019 is considered a base year however the numbers for 2020 are considered based on the actual output of the market's companies.

The report contains an analysis of the impact of COVID-19 lockdown on the revenue of the market and its effect on the demand and supply of the market. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Rail Transportation Market Dynamics

Railways are the most environmentally efficient means of land transportation, using far less energy and emitting far less CO2 per ton-kilometer than roads or waterways. The transportation needs of people, both personal and freight, are growing with increased business and commercial activity. As a result of this scenario, governments are implementing rail transportation networks across the board, both by constructing new projects and extending current infrastructure. Railway networks, which provide benefits in passenger and freight transportation, are continuing to gain traction in government budgets for transportation infrastructure development.

The market is expected to grow due to an increase in e-commerce, a change in taxation rules, and an increase in mining activity. Furthermore, the continuous surge of bulk commodities transportation, such as coal transportation, car transportation, and other heavy commodities transportation, is likely to boost market growth during the forecast period. Also, the rising use of railcar leasing is becoming a major trend around the world, and it is expected to have a positive impact on the rail transportation market's growth.

Factors like shortages of drivers and operators, the growing popularity of ride-hailing applications and increased automobile rental opportunities are expected to hamper the growth of the rail transportation market during the forecast period.
COVID-19 Impact on the Global Rail Freight Transportation Market

COVID pandemic has a major impact on the market in terms of sales as more than 44% of sales of units are hampered owing to disruption in transport capabilities of the manufacturers due to stringent norms of lockdown and increasing safety concerns. Furthermore, supply chain interruptions, demand destruction, and changes in customer behavior owing to stringent lockdown conditions across the globe has impacted the global rail transportation market.

In several countries and regions, the COVID-19 situation has resulted in a scarcity of truck drivers as well as restrictions on sea and air transportation. As a result, the cost of transportation by truck, sea, or air has increased dramatically in comparison to the cost of rail transportation. Additionally, due to government attempts to deliver oxygen, food, and medical supplies, the market has gained various additional traffic channels. Thus, switching to rail transportation has provided benefits in the supply chain during the pandemic.
Global Rail Transportation Market Segmentation Analysis

By Type, the rail freight segment dominated the market in 2019, and is expected to grow at an xx% CAGR during the forecast period. When compared to other means of transportation, rail freight transport is less expensive and more efficient because it allows a larger volume of cargo to be delivered over longer distances.

With a railway network of nearly 200,000 miles, North America leads the world in rail freight. The United States contributes significantly to the regional economy by transporting a large volume of goods each year. In 2019, the Rail Freight Transportation segment in the United States accounted for 34.4 percent of the global market.

By Distance, the long-distance segment dominated the market, with market size of US$ xx Mn. in 2019 and expected to reach US$ 158.6 Mn. by 2027, with a CAGR of xx% during the forecast period.

Global Rail Transportation Market 1
Global Rail Transportation Market Regional Insights

North America holds the largest market share because of the availability of superior train transportation systems. In the year 2022, the rail transportation market in the United States is expected to be worth US$101.7 billion. In the global market, the country currently holds a 23.25 percent share. Japan and Canada are expected to grow at a 3.4 percent and 4.5 percent CAGR, respectively during the forecast period.

Global Rail Transportation Market 2

The European Rail Transportation market is expected to grow significantly because of the growing number of logistics companies. In Europe, Germany is expected to grow at a CAGR of roughly 3.7 percent, with the rest of the European market reaching US$101.7 billion by 2027.
Global Rail Transportation Market Scope: Inquire before buying

Global Rail Transportation Market 3
Global Rail Transportation Market by Region:

• North America
• Asia pacific
• Europe
• Middle East and Africa
• South America
Global Rail Transportation Market Key Players

• Union Pacific
• BNSF Railway
• Norfolk Southern
• Amtrak
• ATS
• INC
• Hallcon
• CSX Corporation
• R. J. Corman Railroad Group
• Patriot Rail Company LLC
• Professional Transportation, Inc.
• Thales Group
• Bombardier Transportation Hitachi Ltd
• CRRC Corporation limited
Frequently Asked Questions

1. What is the projected market size & growth rate of Rail Transportation Market?

Ans-Rail Transportation Market was valued at USD 418.1 Billion in 2019 and is projected to reach USD 723.7 Billion by 2027, growing at a CAGR of 7.8 % during the forecast period.

2. What is Rail Transportation Market?

Ans- The rail transportation market includes sales of rail transportation services and related commodities that use trains to carry passengers or cargo.

3. What is the key driving factors for the growth of Rail Transportation Market?

Ans- The market is expected to grow due to an increase in e-commerce, a change in taxation rules, and an increase in mining activity.

4. What segments are covered in Rail Transportation Market?

Ans-Global Rail Transportation Market is segmented based on Type, Distance and Region.

5. What are the top players operative in Rail Transportation Market?

Ans-Union Pacific, BNSF Railway, Norfolk Southern, Amtrak, ATS, INC, Hallcon, CSX Corporation
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