The Business Research Company’s Rail Freight Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
The global rail freight market expected to reach a value of nearly $159.06 billion by 2022, significantly growing at a CAGR of 14.6% during the forecast period. The growth in the rail freight market is due to developing infrastructure and adoption of advanced technologies.
The rail freight transportation market consists of sales of rail freight transportation services by entities (organizations, sole traders and partnerships) that provide the carriage of goods from a point of loading, or goods station, to a point of unloading, again a station capable of handling the loading and unloading of the goods carried. These goods are generally heavy in bulk and of low value in relation to their bulk.
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Tracking and tracing systems of rail freight using GPS and GSM helps the transportation organizations to overcome the rail freight transportation drawbacks such as lost and theft. It provides full-fledged security and monetarization of freights and more effective and efficient freight transportation over short distances for smaller loads. ViWaS project equipped with smart telematics systems in Europe has introduced tracking technology in rail freight.
The rail freight market is segmented into
- Tank Wagons, And
- Freight Cars.
The present study exhibits the trends and market dynamics of the rail freight market in major countries – USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world. The report also includes the study of the current issues with consumers and various future opportunities for the market.
Some of the major key players involved in the rail freight market are CN Railway, SBB Cargo, SNCF, DB Schenker, and Duetsche Bahn AG.
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This post was originally published on The Market Plan