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(USGovernment-News.Com, February 14, 2019 ) The Business Research Company’s rail freight global market report covers the year-on-year growth of the global rail freight market historic and forecast growth. It also includes chapters on the rail freight market trends, geographical analysis, and competitive landscape.
The rail freight market size is expected to reach a higher value by 2022, growing at a steady CAGR during the forecast period.
Rail Freight Market Trends
The rail freight transportation market consists of sales of rail freight transportation services by entities (organizations, sole traders and partnerships) that provide the carriage of goods from a point of loading, or goods station, to a point of unloading, again a station capable of handling the loading and unloading of the goods carried. These goods are generally heavy in bulk and of low value in relation to their bulk. Examples include coal, building materials, iron and steel.
Tracking and tracing systems of rail freight using GPS and GSM helps the transportation organizations to overcome the rail freight transportation drawbacks such as lost and theft. It provides full-fledged security and monetarization of freights and more effective and efficient freight transportation over short distances for smaller loads. ViWaS project equipped with smart telematics systems in Europe has introduced tracking technology in rail freight.
The global rail freight market is primarily driven by developing infrastructure and adoption of advanced technologies.
The global rail freight 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.
With increasing technological advances, the global rail freight market is expected to increase in potential and scope. TBRC’s report also covers the rail freight drivers and restraints in the market.
The global rail freight 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 global rail freight market report are CN Railway, SBB Cargo, SNCF, DB Schenker, and Duetsche Bahn AG.
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