The Business Research Company’s rail transportation global market report, covers the year-on-year growth of the global rail transportation market historic and forecast growth. It also includes chapters on the rail transportation market trends, geographical analysis, and competitive landscape.
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The global rail transportation market size is expected to reach higher than $650 billion by 2022, significantly growing at a CAGR of around 5% during the forecast
Rail Transportation Market Trends
The rail transportation market consists of sales of rail transportation services by entities (organizations, sole traders and partnerships) that use trains to provide transport for passengers and/or cargo. Railroads operate either on networks with physical facilities, labour forces, and equipment spread over a wide geographic area, or operate over a short distance on a local rail line. This market excludes street railroads, commuter rail, urban rapid transit, and scenic and sightseeing train transportation.
Rail transportation companies are using alternative energy sources to operate their rolling stock and stations. Alternatives for diesel include hydrogen and LNG (already being tested by some rail operators) that can be used to power trains. The use of alternative energy sources is primarily driven by growing environmental concerns due to climate change and rising fears of energy security. For instance, The Netherlands’ national railway company Nederlandse Spoorwegen (NS) and electricity company Eneco is running all its trains on wind energy, since January 2017. period
The global rail transportation market is primarily driven by increasing connectivity in emerging economies such as India, China, and Brazil, increasing government investments, economical ticket pricing, and augmented use of big data analytics in railways during the forecast period.
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The global rail transportation market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increasing connectivity in emerging economies such as India, China, and Brazil, increasing government investments, economical ticket pricing, and augmented use of big data analytics in railways during the forecast period, the global rail transportation market is expected to increase in potential and scope. TBRC’s report also covers the rail transportation drivers and restraints in the market.
The global rail transportation market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global rail transportation market report are China Railway Corporation, Russian Railways, Indian Railways, Deutsche Bahn AG, Union Pacific Railroad..
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