Global Rail Transport Market Report 2022 – Market Forecast, Trends And Strategies

The global rail transport market size is expected to grow from $469.74 billion in 2021 to $509.04 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The rail transport market is then expected to grow to $676.26 billion in 2026 at a CAGR of 7.4%.

What is the Global Rail Transport Market?

The rail transport market consists of sales of rail transportation services and related goods by entities (organizations, sole traders, and partnerships) that use trains to provide transport for passengers and/or cargo. Railroads operate either on networks with physical facilities, labor forces, and equipment spread over a wide geographic area or operate over a short distance on a local rail line. This market excludes street railroads, commuter rail, urban rapid transit, and scenic and sightseeing train transportation.

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What drives the Global Rail Transport Market?

The rail transport services market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in end-user markets, thereby driving the market during the forecast period.

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Global Rail Transport Market Segments
The global rail transport market is segmented:
By Type: Passenger Rail Transport, Rail Freight
By Distance: Long-Distance, Short-Distance
By Destination: Domestic, International
By End-Use Industry: Mining, Construction, Agriculture, Others
By Geography: The regions covered in the rail transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Rail Transport Global Market Report 2022provides market size and growth forecasts for the global rail transport market, global rail transport market share, rail transport market segments and geographies, rail transport market competitive landscape including leading competitors’ revenues, profiles and market shares. The rail transport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Rail Transport Industry Playersinclude China Railway Corporation, Duetsche Bahn AG, Indian Railways, JSC Russian Railways, BNSF Railway, Union Pacific Corp, Berkshire Hathaway Inc., Central Japan Railway Co, Canadian National Railway, and CSX Corp. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.