Rail Logistics Market by Type and Geography - Forecast and Analysis 2020-2024
- Published: Apr 2020
- Pages: 120
- SKU: IRTNTR41104
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The rail logistics market size has the potential to grow by USD 39.55 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by type (intermodals, tank wagons, and freight cars), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Brookfield Asset Management Inc., Deutsche Bahn AG, Deutsche Post AG, FedEx Corp., Kuehne + Nagel International AG, Nippon Express Co. Ltd., Rail Cargo Group, Russian Railways, Union Pacific Corp., and United Parcel Service Inc.
What will be the Rail Logistics Market Size in 2020?
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Who are the Major Rail Logistics Vendors?
The market is concentrated, with few companies offering services and catering to the needs of the market’s customer base. With rising investments and government initiatives to promote trade between countries, new players are expected to enter the market during the forecast period. Nippon Express Co. Ltd., Rail Cargo Group, Russian Railways, Union Pacific Corp., and United Parcel Service Inc. are some of the major market participants. Although the increased demand for rail logistics due to rising trade will offer immense growth opportunities, lack of door-to-door delivery services with fixed delivery timings will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this rail logistics market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this rail logistics market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Brookfield Asset Management, Inc.
- Deutsche Bahn AG
- Deutsche Post AG
- Fedex Corp.
- Kuehne + Nagel International AG
- Nippon Express Co. Ltd.
- Rail Cargo Group
- Russian Railways
- Union Pacific Corp.
- United Parcel Service, Inc.
Which are the Key Markets for Rail Logistics?
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North America accounted for the largest rail logistics market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The highly developed rail freight infrastructure and railway expansion projects undertaken by various states will significantly influence rail logistics market growth in this region.
33% of the market’s growth will originate from North America during the forecast period. The US is the critical market for rail logistics in North America. Market growth in this region will be slower than the growth of the market in APAC and Europe.
What are the Major Type Segments in the Rail Logistics Market?
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Shippers prefer intermodals transportation as it sends multiple less-than-truckload (LTL) shipments to the same destination. Moreover, this mode of transportation is growing rapidly, as it is flexible in terms of connectivity. Furthermore, it is supported by various growth drivers, such as accelerated adoption of containerization, growth in domestic intermodal transportation, globalization, and an increase in international transportation. With the increasing growth of intermodal transportation, companies are investing in the development of intermodal containers and trailers for better efficiency in terms of carrying goods.
Market growth in this segment will be slower than the growth of the market in the tank wagons segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the rail logistics market size.
How will Rising Trade Influence Rail Logistics Market Growth?
The train logistics market is expected to grow at a CAGR of almost 4% during the forecast period. The increasing demand for rail logistics due to the rising trade is one of the significant factors that will influence market growth. The increase in trade has induced businesses to choose railways as the preferred mode of transportation for their goods because of its higher fuel efficiency, ability to carry high capacity of goods, low railway transport charges compared to road transportation costs and its services being independent of weather conditions. The high usage of railway transportation as the mode of goods transfer benefits businesses as well as the country’s economy.
The increasing Internet and mobile penetration, the growing acceptability of online payments, and favorable demographics are key rail logistics market trends that will gain influence the demand for rail logistics. The door-to-door facility provided by companies offer services in road logistics and ensure last-mile delivery. Additionally, customers demand to express shipping of goods and commodities. To cater to these demands, better infrastructures, facilities, and more employee strength are required, which involves a significant investment. Key vendors are focusing on improving the rail network and latest technology-based service offerings, such as integrated ticketing, IoT-enabled services for efficient use of rail logistics, real-time tracking, and better environmental-friendly ways of transport.
What are the Key Factors Covered in this Rail Logistics Market Report?
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive rail logistics market growth during the next five years
- Precise estimation of the rail logistics market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the rail logistics industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of rail logistics market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Russian Federation
- Increased demand for rail logistics due to rising trade
- Integration of Internet of Things in rail logistics
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