LONDON--(BUSINESS WIRE)--The global rails logistics market size is poised to grow by USD 39.55 billion during 2020-2024, progressing at a CAGR of almost 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
The increasing demand for rail logistics due to the rising trade is one of the significant factors that will influence market growth. The increase in trade has induced businesses to choose railways as the preferred mode of transportation for their goods because of its higher fuel efficiency, ability to carry high capacity of goods, low railway transport charges compared to road transportation costs, and its services being independent of weather conditions. The high usage of railway transportation as the mode of goods transfer benefits businesses as well as the country’s economy.
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Report Highlights:
- The major rails logistics market growth came from the intermodals segment. Shippers prefer intermodals transportation as it sends multiple less-than-truckload (LTL) shipments to the same destination. Moreover, this mode of transportation is growing rapidly, as it is flexible in terms of connectivity. Furthermore, it is supported by various growth drivers, such as accelerated adoption of containerization, growth in domestic intermodal transportation, globalization, and an increase in international transportation. With the increasing growth of intermodal transportation, companies are investing in the development of intermodal containers and trailers for better efficiency in terms of carrying goods.
- North America accounted for the largest rail logistics market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The highly developed rail freight infrastructure and railway expansion projects undertaken by various states will significantly influence rail logistics market growth in this region.
- The global rails logistics market is concentrated. Brookfield Asset Management Inc., Deutsche Bahn AG, Deutsche Post AG, FedEx Corp., Kuehne + Nagel International AG, Nippon Express Co. Ltd., Rail Cargo Group, Russian Railways, Union Pacific Corp., and United Parcel Service Inc. are some of the major market participants. To help clients improve their market position, this rails logistics market forecast report provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the global rails logistics market 2020-2024 is expected to have Negative and Inferior growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
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Integration of IoT in Rails Logistics will be a Key Market Trend
The increasing Internet and mobile penetration, the growing acceptability of online payments, and favorable demographics are key rail logistics market trends that will gain influence the demand for rail logistics. The door-to-door facility provided by companies offer services in road logistics and ensure last-mile delivery. Additionally, customers demand to express shipping of goods and commodities. To cater to these demands, better infrastructures, facilities, and more employee strength are required, which involves a significant investment. Key vendors are focusing on improving the rail network and latest technology-based service offerings, such as integrated ticketing, IoT-enabled services for efficient use of rail logistics, real-time tracking, and better environmental-friendly ways of transport.
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Rails Logistics Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist rails logistics market growth during the next five years
- Estimation of the rails logistics market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the rails logistics market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of rails logistics market vendors
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Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type placement
- Intermodal - Market size and forecast 2019-2024
- Tank wagons - Market size and forecast 2019-2024
- Freight cars - Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Brookfield Asset Management, Inc.
- Deutsche Bahn AG
- Deutsche Post AG
- FedEx Corp.
- Kuehne + Nagel International AG
- Nippon Express Co. Ltd.
- Rail Cargo Group
- Russian Railways
- Union Pacific Corp.
- United Parcel Service, Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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