Technavio, a tech-focused market research firm, has published a new report on rail freight transportation market in Europe, which is expected to experience a steady growth rate with a CAGR of almost 3% during the forecast period 2017-2021.
This latest report by Technavio covers the market outlook and growth prospects of the rail freight transportation market in Europe for 2017-2021, considering 2016 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the rail freight transportation market in Europe into the following key regions: France, Germany, and Poland.
Geographical segmentation of the rail freight transportation market in Europe for 2016 (market share %)
|
Rest of Europe |
47.93% |
|
Germany |
23.53% |
|
Poland |
14.31% |
|
France |
14.23% |
Source: Technavio
The top three revenue contributing regions are discussed below:
Rail freight transportation market in Germany
In 2016, Germany accounted for a share of around 24% in the rail freight transportation market in Europe. Germany accounts for over 30% of the total volume of goods transported by rail freight in Europe.
According to Sharan Raj, a lead analyst at Technavio, specializing in research on packaging, “The rail freight transportation market in Germany is anticipated to grow during the forecast period as shippers prefer rail freight for the transportation of goods. In terms of hours spent in traffic, the traffic congestion rate in Germany is 81 hours per week, which is the highest in Europe. The use of rail transportation helps shippers to save time as well as money.”
The rail freight network in Germany also has an important role in hinterland transportation. Hamburg is the largest port in Germany. The capacity of the wagons need to be increased with the rising freight volume. To increase the carrying capacity of the train, freight operating companies and freight infrastructure companies are working on increasing the length of freight trains to 740 meters, which is equivalent to 52 heavy trucks.
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Rail freight transportation market in France
The French national railway company, SNCF operates around 95% of the rail transport in France. For greater improvement in growth, operators have been constantly focusing on refining the infrastructure of rail freight services and offering value-added services to their customers. SNCF Réseau operates 51,217 kilometers of main railway lines, with transportation volumes between 80 and 180 million tons of goods per kilometer. SNCF planned to improve the capacity and productivity of rail freight by 25%, by modernizing the rail freight infrastructure and its maintenance processes. Moreover, it will aim to increase the quality of rail freight services by modernizing the rail network.
Rail freight transportation market in Poland
The Polish rail freight network transported around 202 million tons of goods in 2016. The launch of two international rail freight corridors through Poland is set to drive the growth of the rail freight transportation market in Poland, which will contribute to the overall growth of the rail freight transportation market in Europe. The rail freight corridors will result in the increase in flow of goods. It will increase the attractiveness of international rail freight corridors. Through the establishment of these corridors, a lot of investments are being made to modernize the railway networks in Poland, which includes eliminating local speed limits, upgrading traffic management systems, and reducing bottlenecks.
The top leading vendors operating in the rail freight transportation market in Europe are:
- CFR Marfa
- DB Schenker
- PKP Cargo
- SBB Cargo
- SNCF
Other prominent vendors in the market include Baltic Rail, BLS Cargo, Colas Rail, Direct Rail Services, Europorte, Freightliner Group, Globalink Logistics Group, Harsco Rail, Rhenus Logistics, and TRANSALEX International.
A more detailed analysis is available in the Technavio report titled, ‘Rail Freight Transportation Market in Europe 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Rolling Stock Market 2016-2020
- Global Smart Railways Systems Market 2016-2020
- Global Intermodal Freight Transportation Market 2015-2019
- Freight Transportation Market in Europe 2015-2019
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