According to the latest market research study, the global rail logistics market is expected to grow at a CAGR of close to 4% during the forecast period 2017-2021.
This report by Technavio provides an in-depth analysis of the global rail logistics market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the mode of transportation
|
MODE OF TRANSPORTATION |
MARKET SHARE 2016 (%) |
|
Intermodal |
41.72% |
|
Tank Wagons |
31.07% |
|
Freight Cars |
27.22% |
Source: Technavio
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Global rail logistics market by intermodal: The ability to transport complex commodities in a cost-effective manner with the help of intermodal will promote the growth of this market segment. The rail operators and manufacturers invest in the development of new products and integrate technology for better efficiency in the intermodal transportation sector. This investment will, in turn, increase the demand in this market segment.
“The vendors in the market are developing tracking systems that help operators track their intermodal containers from the source to the destination point. This development will also allow vendors to provide better and efficient logistics solutions to consumers worldwide,” says Sharan Raj, a lead analyst at Technavio for research on logistics.
Global rail logistics market by tank wagons: The growth in oil and gas industry across the globe is boosting the demand for tank wagons in the market. Tank wagons are cylindrical containers that are used for the storage and transportation of liquids, liquefied gasses, and oil. It was estimated that in 2015, over 500,000 tank wagons were used to transport oil to the refineries across the US.
Global rail logistics market by freight cars: The extensive use of freight cars for the transportation of coal, logs, and vehicle equipment will help in the development of this market segment. Freight car transportation includes flat cars, open cars, box cars, and sliding wall freight cars and can carry goods up to 100 tons. The vendors in the market are focusing on redesigning freight cars to increase the capacity to include high volumes of goods, which can be transported in a single trip and increase the efficiency of each container.
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The top vendors operating in the global rail logistics market are:
- Canadian National Railway (CN Railway)
- DB Schenker
- SBB Cargo
- Union Pacific
The other prominent vendors in the market include CTL Logistics, Genesee & Wyoming, GeoMetrix Rail Logistics, Kuehne Nagel, Ozark Rail Logistics, RSI Logistics, Tschudi Logistics, and VTG Rail Logistics.
A more detailed analysis is available in the Technavio report titled, ‘Global Rail Logistics Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Airfreight Forwarding Market 2017-2021
- Rail Freight Transportation Market in Europe 2016-2020
- Global Air Cargo Market 2016-2020
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