This industry research report includes a detailed segmentation of the rail freight transportation market in Europe by application (intermodal, wagon, freight cars, and locomotives). It also outlines the market shares for key countries like Germany, Poland, France, and the rest of Europe. The leading vendors analyzed in this report are DB Schenker, CFR Marfa, SNCF Geodis, PKP Cargo, and SBB Cargo.
Technavio’s market research analysts estimate the rail freight transportation market in Europe, to grow at a CAGR of 5% between 2016 and 2020. The increasing instances of interoperability in the European railways is impacting the growth of rail freight transportation in Europe. Interoperability eases train network, at both national and international level, and helps IT systems and software applications to communicate and exchange data. Germany is the hub of Europe’s logistics market, and is the largest market in exporting goods.
The new market research report from Technavio provides a breakdown and analysis of the rail freight transportation segments by technology.
“Of late, the railways is increasingly implementing big data in its freight services. Big data provides greater transparency into operations and can help railways pinpoint inefficiencies and reduce waste. Big data automatically manages the rescheduling of trains and ensures train safety by incorporating visual and acoustic sensors in brakes, rails and switches. These advantages of big data will lead to its augmented utilization in the railways sector during the forecast period, says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research.
The intermodal segment dominates this market, occupying around 44% of the overall market share. The ability of intermodal to transport complex commodities in a cost-effective manner will result in its augmented utilization during the forecast period. Furthermore, advantages like its ability to reduce fuel consumption and congestion on highways will foster its adoption by railways until 2020.
Rail freight transportation market in Europe by intermodal 2015-2020 ($ billions)
Source: Technavio, 2016
The key vendors in the rail freight transportation market in Europe include DB Schenker, CFR Marfa, SNCF Geodis, PKP Cargo, and SBB Cargo. This market is highly competitive as it consists of various small, locally owned, and operated businesses that cater to specific regions. Many vendors in this market focus on long-term financial stability by investing in growing markets. The small providers in this market are heavily investing in railways infrastructure as it helps them to compete with prominent players.
A more detailed analysis is available in the Technavio report, Rail Freight Transportation Market in Europe 2016-2020.
We can customize reports by other regions and specific segments upon request.
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