According to a new report published by Allied Market Research, titled, “Rail Logistics Market,” The rail logistics market was valued at $1,995.00 billion in 2021, and is estimated to reach $3,579.7 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031.
Asia-Pacific is expected to dominate the global rail logistics market during the forecast period. Increase in trade in the region is attributed to increase in investments by governments for rail freight used for movement of goods. For instance, governments of India and Nepal launched Jaynagar-Kurtha Railway link, a cross-border railway aimed at enhancing investment, commerce, and trading activities between the two countries.
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Based on type, the intermodals segment contributed the largest market share in 2021, accounting for nearly half of the overall share of the global rail logistics market. Moreover, this segment is predicted to retain its dominant status during the forecast timeline. However, the Freight Cars segment is slated to register the highest CAGR of nearly 6.9% from 2022 to 2031.
In terms of the operational area, the domestic segment accounted for the highest share of the global market in 2021, contributing nearly two-thirds of the overall share of the global rail logistics market. Moreover, this segment is predicted to contribute the highest market share by 2031. However, the international segment is anticipated to register the fastest growth with a CAGR of nearly 7.0% during the forecast timeframe.
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Major players of the global rail logistics market profiled in the research report include A.P. Moller-Maersk, CEVA Logistics AG, C.H. Robinson Worldwide, Inc., DB Schenker, Deutsche Post DHL Group, DSV A/S, Geodis Company, FedEx Corporation, Kuehne+Nagel International AG, Nippon Express Co., Ltd., Schenker Deutschland AG, and United Parcel Service of America, Inc.
The report evaluates these key participants in the global rail logistics industry. These participants have executed a slew of major business plans such as the extension of the consumer base, technology innovation, strategic partnerships, and collaborations for enhancing penetration of new technologies in the global markets and establishing strong market growth globally. The market study report helps in monitoring the performance of each segment along with examining the effect of new technology launches on the overall market earnings.
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