Rail Logistics Market Expected worth USD 3,579.7 Billion by 2031 | Deutsche Bahn AG, CEVA Logistics AG, DB Schenker
OREGAON, PORTLAND, UNITED STATESย , June 19, 2024 /EINPresswire.com/ -- 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.
๐ด ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/2104
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.
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 Canadaโs trade infrastructure, including ports, waterways, airports, roads, bridges, border crossings, rail networks, and interconnectivity between them.
The report offers an in-depth division of the global rail logistics market based on Type2, Operational Area, End-Use Industry, and Region. It provides an in-depth investigation of every segment and sub-segment in tables and figures through which consumers can get insights into market trends. The market report analysis aids organizations, investors, and entrepreneurs in knowing which sub-segments are to be explored for achieving massive growth in the ensuing years.
๐๐๐ฌ๐๐ ๐จ๐ง ๐ญ๐ฒ๐ฉ๐ , 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.
๐ด ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/rail-logistics-market/purchase-options
๐๐ง ๐ญ๐๐ซ๐ฆ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐จ๐ฉ๐๐ซ๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ซ๐๐, 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.
๐๐ง ๐๐๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ง๐-๐ฎ๐ฌ๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ, the manufacturing segment accounted for a major share of the global market in 2021, contributing nearly one-third of the global rail logistics market share3. 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.
๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ซ๐๐ข๐ฅ ๐ฅ๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐. 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.
๐๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐จ๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ซ๐๐ข๐ฅ ๐ฅ๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐ - A.P. Moller-Maersk, CEVA Logistics AG, C.H. Robinson Worldwide, Inc., DB Schenker, Deutsche Post DHL Group, DSV A/S, Geodis, FedEx, Kuehne+Nagel International AG, Nippon Express Co., Ltd., Schenker Deutschland AG, and United Parcel Service of America, Inc.
๐ด ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/2104
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By type, the freight cars segment is anticipated to exhibit significant growth in the near future.
By operational area, the international segment is anticipated to exhibit significant growth in the near future.
By end-use industry, the healthcare segment is anticipated to exhibit significant growth in the near future.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/logistics-market - Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/air-freight-market-A06421 - Global Opportunity Analysis and Industry Forecast, 2020-2027
https://www.alliedmarketresearch.com/chemical-logistics-market - Global Opportunity Analysis and Industry Forecast, 2020-2027
https://www.alliedmarketresearch.com/energy-logistics-market-A07811 - Global Opportunity Analysis and Industry Forecast, 2021-2031
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1 https://www.alliedmarketresearch.com/rail-logistics-market
2 https://www.alliedmarketresearch.com/press-release/rail-logistics-market.html
3 https://www.globenewswire.com/en/news-release/2022/10/20/2538484/0/en/Rail-Logistics-Market-to-Hit-3-579-7-Billion-by-2031-Allied-Market-Research.html
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