The Business Research Company’s rail transportation market
global market analysis covers the year-on-year growth of the global rail
transportation market historic and forecast growth. It also includes chapters on
the rail transportation market trends, geographical
analysis, and competitive landscape.
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The global rail transportation
market is forecast to grow at a CAGR (compound annual growth rate) of around
5.5% to 2020.
According
to TBRC’s rail transportation
global market research, the market is split by segments into freight and passenger.Freight was the largest segment in the rail transportation market accounting for about 50% of the market. This includes organizations that provide rail car services for passenger, freight and military use. These railcars include gondolas, tank cars, flatcars, refrigerator cars, covered hoppers and intermodal cars.
Passenger was the smallest segment in the rail transportation market. This includes organizations that operate railroads worldwide. These include large railroads and regional and local line-haul railroads that carry passengers.
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Passenger had the highest forecast CAGR (compound annual growth rate) of about 7% during 2017-2021 followed by Freight which was the largest segment as per volume with forecasted CAGR of near about 4%. This is mainly due to lower ticket prices owing to cheaper crude oil prices allowing for cheaper fares, rise in investments in heavily populated countries such as China and India and introduction of trams, metro railways and other transportation systems in emerging economies.
The global rail transportation market report
covers the following regions under the geographical analysis section: Asia
Pacific, Western Europe, North America, Middle East, Africa, South America, and
Eastern Europe. Major countries under each of these regions are also covered
under the country analysis chapters.
The global freight and passenger market’s
segment shares in each geographic region are mentioned in the report, along
with the historic and forecast growth rates for each segment presented visually
with supporting reasons to justify the growth rates.
The
top companies included in the report are China Railway Corporation, Russian Railways,
Deutsche Bahn AG, Indian Railways and Union Pacific Railroad.
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