Asia-Pacific is expected to dominate the global rail logistics market during the forecast period. Increase in trade in the region is attributed to increase in investments by governments for rail freight used for movement of goods. For instance, governments of India and Nepal launched Jaynagar-Kurtha Railway link, a cross-border railway aimed at enhancing investment, commerce, and trading activities between the two countries.
According to the report published by Allied Market Research, the global rail logistics market accrued revenue worth $1,995 billion in 2021, and will reach $3,579.7 billion by 2031, registering a CAGR of 6.1% from 2022 to 2031. The market research report offers a comprehensive analysis of oscillating industry trends, top segments, value chains, major investment business scenarios, regional landscape, and competitive space. The study is a major source of information for giant players, entrepreneurs, owners, and managers in creating new business plans for the future and taking steps to improve their market position. The report demonstrates an in-depth quantitative analysis of the market from 2022 to 2031 and guides investors in allocating funds to the rapidly evolving market.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 – (268 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/2104
The rail logistics market is estimated to witness growth, owing to increasing trade activities across the globe, and increasing trade related contracts, over the forecast period. In addition, rising demand for goods from various regional markets is helping to build better trade relations within neighbouring regions, thereby fuelling the growth of the global market over the forecast period. Moreover, government in several countries across the globe are launching various trade & transportation initiatives to strengthen transportation infrastructure in their region, which also contribute in the growth of the market. For instance, in 2019, the Canadian government invested $2.1 billion for the Trade and Transportation Corridors Initiative (TTCI) to build stronger, more efficient transportation corridors to international markets. The core element of the TTCI is the merit-based National Trade Corridors Fund (NTCF), which will provide $2 billion over 11 years to strengthen Canada’s trade infrastructure, including ports, waterways, airports, roads, bridges, border crossings, rail networks, and interconnectivity between them.
The growth of the global rail logistics market has propelled due to increase in allocation of budget for development of railways and rise in demand for secure, safer, & efficient transport system. However, restrictions associated with cross border freight transport is the factor that hampers the growth of the market. Furthermore, surge in development & testing of autonomous train, and increase in industrial & mining activities are the factors expected to offer growth opportunities during the forecast period.
Based on type, the intermodals segment contributed the largest market share in 2021, accounting for nearly half of the overall share of the global rail logistics market. Moreover, this segment is predicted to retain its dominant status during the forecast timeline. However, the Freight Cars segment is slated to register the highest CAGR of nearly 6.9% from 2022 to 2031.
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In terms of the operational area, the domestic segment accounted for the highest share of the global market in 2021, contributing nearly two-thirds of the overall share of the global rail logistics market. Moreover, this segment is predicted to contribute the highest market share by 2031. However, the international segment is anticipated to register the fastest growth with a CAGR of nearly 7.0% during the forecast timeframe.
On basis of the end-use industry, the manufacturing segment accounted for a major share of the global market in 2021, contributing nearly one-third of the global rail logistics market share. Moreover, the segment is set to maintain its dominance during the forecast period. However, the healthcare segment is anticipated to record the fastest CAGR of nearly 9.2% from 2022 to 2031.
Based on region, Asia-Pacific contributed the largest market share in 2021, accounting for more than two-fifths of the global rail logistics market share. The region is predicted to continue its market dominance by 2031. Moreover, the Asia-Pacific rail logistics market is set to register the fastest CAGR of 7.2% during the assessment period. The report also includes other regions such as LAMEA, North America, and Europe.
Major players of the global rail logistics market profiled in the research report include A.P. Moller-Maersk, CEVA Logistics AG, C.H. Robinson Worldwide, Inc., DB Schenker, Deutsche Post DHL Group, DSV A/S, Geodis Company, FedEx Corporation, Kuehne+Nagel International AG, Nippon Express Co., Ltd., Schenker Deutschland AG, and United Parcel Service of America, Inc.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐭 – https://www.alliedmarketresearch.com/request-for-customization/2104
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