Rail Transportation Market Insights As Per TBRC’s Latest Report
Added: (Wed Dec 26 2018)
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The Business Research Company’s rail transportation market global market analysis covers the year-on-year growth of the global rail transportation market historic and forecast growth. It also includes chapters on the rail transportation market trends, geographical analysis, and competitive landscape.
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The global rail transportation market is forecast to grow at a CAGR (compound annual growth rate) of around 5.5% to 2020.
Rail Transportation Market Segmentation
According to TBRC’s rail transportation global market research, the market is split by segments into freight and passenger.
Freight was the largest segment in the rail transportation market accounting for about 50% of the market. This includes organizations that provide rail car services for passenger, freight and military use. These railcars include gondolas, tank cars, flatcars, refrigerator cars, covered hoppers and intermodal cars.
Passenger was the smallest segment in the rail transportation market. This includes organizations that operate railroads worldwide. These include large railroads and regional and local line-haul railroads that carry passengers.
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Passenger had the highest forecast CAGR (compound annual growth rate) of about 7% during 2017-2021 followed by Freight which was the largest segment as per volume with forecasted CAGR of near about 4%. This is mainly due to lower ticket prices owing to cheaper crude oil prices allowing for cheaper fares, rise in investments in heavily populated countries such as China and India and introduction of trams, metro railways and other transportation systems in emerging economies.
The global rail transportation market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The global freight and passenger market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the report are China Railway Corporation, Russian Railways, Deutsche Bahn AG, Indian Railways and Union Pacific Railroad.
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