The rail logistics market is poised to grow by USD 39.55 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. Request free sample pages
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Technavio has announced its latest market research report titled Global Rail Logistics Market 2020-2024 (Graphic: Business Wire)
Read the 120-page report with TOC on “Rail Logistics Market Analysis Report by Type (intermodals, tank wagons and freight cars), and Geography (APAC, Europe, MEA, North America and South America), and the Segment Forecasts, 2020-2024”.
https://www.technavio.com/report/rail-logistics-market-industry-analysis
The market is driven by the increased demand for rail logistics due to rising trade. In addition, the integration of Internet of Things in rail logistics is anticipated to boost the growth of the rail logistics market.
Free trade agreements, such as the North American Free Trade Agreement (NAFTA), facilitate international trade, resulting in greater access to a variety of goods at a lower cost. Global trade not only benefits a company but also improves the economy of a country as these businesses rely on rail transportation to deliver goods and services to customers. Moreover, the increased efficiency of rail transport over road transportation, and the growth of intermodal transportation are the major factors driving global trade through rail. Rail freight transportation is 4.5 to 6 times more fuel-efficient compared with road transportation. Thus, the increased demand for rail logistics due to rising trade will drive the growth of the market.
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Major Five Rail Logistics Companies:
Brookfield Asset Management Inc.
Brookfield Asset Management Inc. has business operations under various segments, such as asset management, real estate, renewable power, infrastructure, and private equity. The company provides freight services with multiple Class I carriers, allowing choices for long-haul routing and service.
Deutsche Bahn AG
Deutsche Bahn AG operates its business through various divisions, such as DB Long-Distance, DB Cargo, DB Netze Track, DB Regional, and DB Schenker. The company provides services of transshipment for wagons to trucks and a door-to-door delivery or pick up of goods by truck followed by moving the goods in wagons.
Deutsche Post AG
Deutsche Post AG has business operations under various segments, such as post-ecommerce – parcel, express, global forwarding, freight, and supply chain. The company offers freight rail services for transportation of goods.
FedEx Corp.
FedEx Corp. operates its business through four segments, which include FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. The company provides rail services, including intermodal, TOFC (trailer-on-flatcar) and COFC (container-on-flatcar).
Kuehne + Nagel International AG
Kuehne + Nagel International AG has business operations under four segments, namely sea freight, air freight, overland, and contract logistics. The company’s key offerings include KN Eurasia Express, which optimizes supply chain by offering reduced transit times and reliable schedules for logistic services.
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Rail Logistics Type Outlook (Revenue, USD Billion, 2020-2024)
- Intermodals
- Tank wagons
- Freight cars
Rail Logistics Regional Outlook (Revenue, USD Billion, 2020-2024)
- APAC
- Europe
- MEA
- North America
- South America
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200226005442/en/