Rail Logistics Market Research, Trends, Growth, Key Drivers 2024-2033: A Comprehensive Report

Global rail logistics market size is expected to reach $291.41 Bn by 2028 at a rate of 3.2%, segmented as by type, intermodals, tank wagons, freight cars

Aug 20, 2024 - 11:27

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Rail Logistics Market Research, Trends, Growth, Key Drivers 2024-2033: A Comprehensive Report

Overview and Scope

Rail logistics refers to the planning, coordinating, and executing transportation activities involving the movement of goods via rail networks. It encompasses a wide range of activities, including the scheduling of train services, the management of freight operations, the tracking of shipments, and the optimization of routes and resources.

Sizing and Forecast

The rail logistics market size has grown steadily in recent years. It will grow from $246.29 billion in 2023 to $265.85 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to low cost of transportation and modal shift, environmental responsibility, infrastructure developments, restrictions associated with cross-border freight transport.

The rail logistics market size is expected to see steady growth in the next few years. It will grow to $291.41 billion in 2028 at a compound annual growth rate (CAGR) of 3.2%. The growth in the forecast period can be attributed to surge in development and testing of autonomous trains, demand for freight wagons, availability of custom-made and technologically advanced wagons, upsurge in budget allocation, and growth of e-commerce and online retail. Major trends in the forecast period include integration of artificial intelligence and machine learning, development of high-speed rail, emergence of smart railways, expansion of rail logistics services in emerging economies, and growth of intermodal transportation.

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Segmentation & Regional Insights

The rail logistics market covered in this report is segmented –

1) By Type: Intermodals, Tank Wagons, Freight Cars

2) By Operational Area: Domestic, International

3) By End User: Automotive, Manufacturing, Telecommunication, Retail, Technology

Asia-Pacific was the largest region in the rail logistics market in 2023. The regions covered in the rail logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

A rise in global trade is expected to propel the growth of the rail logistics market going forward. Global trade, or international trade, refers to exchanging goods and services across international borders. Global trade is rising due to several factors. The rise in global trade is propelled by increasing globalization, driving demand for efficient cross-border transportation services. The increasing volume of commodities being moved internationally has made the demand for effective and affordable transportation methods even more pressing. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, average exports in the USA increased by $4.1 billion in December 2022. Further, exports of goods increased from $3.1 billion to $171.2 billion in December. Therefore, a rise in global trade is expected to propel the growth of the rail logistics market.

Key Industry Players

Major companies operating in the rail logistics market are Meta Platforms Inc., United Parcel Service Inc., FedEx Corporation, Mærsk A/S, Deutsche Bahn AG, Schenker Deutschland AG, Deutsche Bahn International Operations GmbH, Kuehne Nagel International AG, Union Pacific Corp., C.H. Robinson Worldwide Inc., Canadian National Railway Co., Nippon Express Holdings Inc., CEVA Logistics Inc., Geodis SA, Gebrüder Weiss GmbH, Trinity Industries Inc., Japan Freight Railway Co., Brookfield Business Partners LP, SBB Cargo International AG, VTG AG, Russian Railways OJSC, BLR Logistiks Ltd., Tschudi Logistics Holding AS, GeoMetrix Rail Logistics Inc., CTL Logistics Sp. z o.o, Rail Cargo Group, Interport Global Logistics Private Limited, Dan Transport Group A/S

The rail logistics market report table of contents includes: