DUBLIN--(BUSINESS WIRE)--The "Railroad Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global railroad market size reached US$ 291.6 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 378.87 Billion by 2027, exhibiting a CAGR of 4.46% during 2021-2027.
Companies Mentioned
- BNSF Railway Company (Berkshire Hathaway Inc.)
- Canadian National Railway Co.
- Canadian Pacific Railway Limited
- CSX Corporation
- CTL Logistics Sp. z o.o
- DB Cargo Aktiengesellschaft (Deutsche Bahn AG)
- Japan Freight Railway Company
- Norfolk Southern Corporation
- PKP Cargo International (PKP Cargo)
- SBB Cargo (Swiss Federal Railways)
- SNCF Group
- Union Pacific Corporation
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Railroad refers to a set of tracks made of steel that are laid on a roadbed. It is a medium of land-based mass transportation catering to the movement of passengers and commodities over short and long-distance routes. It comprises vehicles with flange wheels guided by parallel tracks that restrict movement and eliminate the need for steering.
These vehicles are either self-propelled or use a locomotive for propulsion. The railroad is widely used for traveling and transporting bulk commodities, including coal, petroleum, chemicals, construction materials, agricultural produce, consumer goods, and automobiles. As compared to road transportation, the railroad is faster, safer, and more cost-effective, comfortable, and energy efficient due to the lower frictional resistance offered by tracks.
The global railroad market is primarily driven by rapid industrialization, coupled with significant growth in the tourism industry. Due to the globalization-induced industrial revolution, the rising number of local and cross-border movements of travelers and commodities is facilitating the market growth.
Additionally, the introduction of advanced driver assistance systems (ADAS) in railroads that provide automatic warning, supervision, and control arrangements to enhance operational management and optimize energy usage is providing an impetus to the market growth.
Apart from this, the increasing adoption of railroads for transporting bulk commodities to remote areas, owing to their robust connectivity, is acting as another growth-inducing factor. Furthermore, extensive research and development (R&D) activities toward building new high-speed rails, such as maglev trains and metros, are creating a positive outlook for the market.
Moreover, the increasing inclination towards public transport systems to minimize pollution, carbon footprint, and traffic congestion is favoring the market growth. Other factors, including increasing investments by several governments for the expansion of the railroad network, exponential population growth, emerging trends of railcar leasing, and advancements in storage facilities for perishable goods, are anticipated to drive the market.
Key Questions Answered in This Report:
- How has the global railroad market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global railroad market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the distance?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global railroad market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Railroad Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
7 Market Breakup by Distance
8 Market Breakup by End Use
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/pdc67u
