$378 billion worldwide rail industry by 2027 - Featuring Canadian Pacific Railway, CSX and CTL Logistics among others - ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Railroad Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added ResearchAndMarkets.com’s Offering.

The global railway market size reached USD 291.6 billion in 2021. Looking ahead, the publisher expects the market to reach USD 378.87 billion by 2027, showing a CAGR of 4.46% during 2021-2027.

Companies mentioned

BNSF Railway Company (Berkshire Hathaway Inc.)

Canadian National Railway Co.

Canadian Pacific Railway Limited

CSX Corporation

CTL Logistics Sp. zoo

DB Cargo Aktiengesellschaft (Deutsche Bahn AG)

Japan Freight Railway Company

Norfolk Southern Corporation

PKP Cargo International (PKP Cargo)

SBB Cargo (Swiss Federal Railways)

The SNCF group

Union Pacific Corporation

Considering the uncertainty of COVID-19, we continuously track and evaluate the direct as well as the indirect impact of the pandemic on various end-use industries. This insight is included in the report as a major market contributor.

Railway refers to a set of rails made of steel laid on a roadbed. It is a medium of land-based mass transport for the movement of passengers and goods over short and long routes. It consists of vehicles with flanged wheels guided by parallel tracks that limit movement and eliminate the need for steering.

These vehicles are either self-propelled or use a locomotive for propulsion. The railway is widely used to travel and transport bulk goods, including coal, petroleum, chemicals, construction materials, agricultural products, consumer goods and automobiles. Compared to road transport, rail is faster, safer and more cost-effective, comfortable and energy-efficient due to the lower frictional resistance offered by tracks.

The global rail market is primarily driven by rapid industrialization, combined with significant growth in the tourism industry. Due to the globalization induced industrial revolution, the increasing number of local and cross-border movements of travelers and goods is facilitating the market growth.

Additionally, the introduction of advanced driver assistance systems (ADAS) in railways that provide automatic warning, monitoring and control arrangements to improve operational management and optimize energy use is driving the market growth.

Apart from this, the increasing use of railways for transportation of bulk goods to remote areas, due to their robust connectivity, acts as another growth inducing factor. Furthermore, extensive research and development (R&D) activities to build new high-speed rails, such as maglev trains and metros, create positive prospects for the market.

Moreover, the increasing inclination of public transport systems to minimize pollution, carbon footprint and traffic congestion favors the market growth. Other factors, including increasing investments by several governments for expansion of the railway network, exponential population growth, emerging trends in rail car leasing, and advancements in storage facilities for perishable goods are expected to drive the market.

Important questions answered in this report:

How has the global rail market performed so far and how will it perform in the coming years?

What has been the impact of COVID-19 on the global rail market?

What are the most important regional markets?

What is the breakdown of the market based on type?

What is the division of the market based on the distance?

What is the segmentation of the market based on the end use?

What are the different stages in the value chain of the industry?

What are the most important driving factors and challenges in the industry?

What is the structure of the global rail market and who are the key players?

What is the degree of competition in the industry?

Key topics covered:

1 Preface

2 Scope and methodology

3 Summary

4 Introduction

4.1 Overview

4.2 Important industry trends

5 Global rail market

5.1 Market overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market forecast

6 Market division by type

7 Market division by distance

8 Market division by end use

9 Market distribution by region

10 SWOT analysis

11 Value chain analysis

12 Porter’s Five Forces Analysis

13 Price analysis

14 Competitive landscape

14.1 Market structure

14.2 Key Players

14.3 Profiles of Key Players

For more information on this report visit https://www.researchandmarkets.com/r/pdc67u