Rail Market Records Annual Growth Rate of 9.80% in 2021 | BNSF Railway Co. and Canadian National Railway Co. among the main suppliers


NEW YORK, January 7, 2022 / PRNewswire / –

Attractive Opportunities in Railway Market by Type and Geography – Forecast and Analysis 2021-2025

Rail Market Facts at a Glance-

  • Total pages: 120

  • Companies: 10+ – Including BNSF Railway Co., Canadian National Railway Co., Canadian Pacific Railway Ltd., CSX Corp., Japan Freight Railway Co., National Railroad Passenger Co., Norfolk Southern Corp., Russian Railways, SNCF Group and Union Pacific Railroad Co. among others.

  • Blanket: Main drivers, trends and challenges; Product information and news; Value chain analysis; Parents market analysis; Landscaper from seller0065

  • Segments: Type (passenger train and freight train)

  • Geographies: APAC (China, Japan, and India), North America (WE), Europe (Germany), South America, and MEA

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According to the recent Technavio market study, the Railway market in the railway industry should increase by $ 336.90 billion from 2020 to 2025, with an accelerated CAGR of 10.14%. The report provides detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major pockets of investment.

North America will register the highest growth rate of 36% among other regions. The United States is the key market for railways.

Download a FREE sample: for more information on key countries in North America

Supplier Information-
The railroad market is fragmented and suppliers are deploying growth strategies such as focusing on delivering products through multiple distribution channels to compete in the market. Some of the offerings from the major vendors are mentioned below:

  • BNSF Railway Co. – The company offers a railway development that builds facilities served by rail.

  • Canadian National Railway Company – The company offers railway equipment, customs, brokerage, transshipment and distribution services.

  • Canadian Pacific Railway Ltd. – The company offers customers superior access and option on the Atlantic coast with shorter kilometers of road.

Discover additional highlights about the vendors and their product offerings. Download a free sample report

Regional market outlook
The growth in the market share of railways in North America will be important during the forecast period. The United States is the key market for railways in APAC. The low cost of rail freight services will drive the growth of the rail market by North America during the forecast period. In APAC, rail systems still predominate in countries such as China, Japan, India, and South Korea. These countries have invested heavily in rail transport systems to cope with increasing road traffic congestion and improve transport facilities in the region.

Download our FREE sample report for more highlights on the regional market share of most of the countries mentioned above.

Latest pilots and challenges-

Ongoing investments in rail line projects and expansion of rail networks around the world will drive the growth of the global rail market during the forecast period. Several national and international rail projects are currently in the planning, development or construction phase, particularly in APAC. This, in turn, stimulates the growth of the global railway market.

Increasing costs of maintaining railway infrastructure, coupled with uncompetitive pricing of rail freight, is a negative factor that may hamper the growth of the global rail market during the forecast period. Rolling stock is one of the most demanding maintenance items in the rail freight system. Rolling stock refers to all locomotives, freight cars and cars used in the railway industry. The cost of maintaining railways includes the cost of servicing and maintaining trains, stations, loading docks and signaling systems. The maintenance costs borne by the railway undertakings constitute a significant part of their expenditure. Thus, increasing maintenance costs of railway services may hamper the growth of the global railway market during the forecast period. Growing competition from alternative freight and

Find additional information on various other market drivers and challenges mentioned in our FREE Sample Report.

Here are some similar topics-

  • Rail Freight Transport Market in APAC by Transport Mode and Geography – Forecast and Analysis 2021-2025: The rail freight transport market in APAC has the potential to grow by $ 9.14 billion from 2020 to 2025, and the market growth momentum will accelerate at a CAGR of 2.87%. Download a free sample exclusive report

  • Securities market at North America by product and geography – Forecast and analysis 2021-2025: The size of the rolling stock market in North America has the potential to grow by $ 2.29 billion from 2020 to 2025, and the market growth momentum will accelerate at a CAGR of 5.48%. Download a free sample exclusive report

Scope of the rail market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Speed ​​up to a 10.14% CAGR

Market growth 2021-2025

$ 336.90 billion

Market structure

Fragmented

Annual growth (%)

9.80

Regional analysis

APAC, North America, Europe, South America and MEA

Efficient contribution to the market

North America at 36%

Main consumer countries

China, United States, Japan, Germany and India

Competitive landscape

Leading companies, Competitive strategies, Scope of consumer engagement

Profiled companies

BNSF Railway Co., Canadian National Railway Co., Canadian Pacific Railway Ltd., CSX Corp., Japan Freight Railway Co., National Railroad Passenger Co., Norfolk Southern Corp., Russian Railways, Groupe SNCF and Union Pacific Railroad Co.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period

Customization

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About Us
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s report library. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto / Technavio)

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SOURCE Technavio

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