Market Research Report
Rail Freight Transportation
|Published by||Global Industry Analysts, Inc.||Product code||913965|
|Published||Content info||139 Pages
Delivery time: 1-2 business days
|Rail Freight Transportation|
|Published: May 1, 2020||Content info: 139 Pages||
Amid the COVID-19 crisis and the looming economic recession, the Rail Freight Transportation market worldwide will grow by a projected US$144.4 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 13.3%. Rail Freight Transportation, one of the segments analyzed and sized in this study, is forecast to grow at over 13.3% and reach a market size of US$247.3 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Rail Freight Transportation market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 11.5% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$5.3 Billion to the region's size over the next 7 to 8 years. In addition, over US$4.6 Billion worth of projected demand in the region will come from Rest of European markets. In Japan, the Rail Freight Transportation segment will reach a market size of US$11 Billion by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Rail Freight Transportation market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 18.2% over the next couple of years and add approximately US$28.2 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Rail Freight Transportation market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others, BNSF Railway Company; Canadian National Railway Company; Canadian Pacific; CSX Corporation; DB Cargo AG; Deutsche Post AG (DHL Group); Genesee & Wyoming Inc.; Indian Railways; Joint Stock Company "Russian Railways" ; Norfolk Southern Corp.; SNCF; Swiss Federal Railways SBB; Union Pacific Railroad; United Parcel Service, Inc. (UPS)Competitors identified in this market include, among others,