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LONDON, GREATER LONDON, UK, September 10, 2019 /EINPresswire.com/ — The rail transportation market expected to reach a value of nearly $521.15 billion by 2022, significantly growing at a CAGR of 8.7% during the forecast period. The growth in the rail transportation market is due to increasing connectivity in emerging economies such as India, China, and Brazil, increasing government investments, economical ticket pricing, and augmented use of big data analytics in railways during the forecast period. However, the market for rail transportation is expected to face certain restraints from several factors such as rising prices of energy and high investment with delayed return.
The rail transportation market consists of sales of rail transportation services 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, labour 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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The global rail transportation market is further segmented based on type and geography.
By Type – The rail transportation market is segmented into Passenger Rail Transportation, Rail Freight Medium-Distance Passenger Transport, Long-Distance Passenger Transport, Short-Distance Passenger Transport, Intermodals, Tank Wagons, Freight Cars among these segments, the freight segment accounts for the largest share in the global rail transportation market.
By Geography – The global rail transportation is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global rail transportation market, accounting for 34% of the market in 2018. North America was the second largest region accounting for 32% of the global rail transportation market. Africa was the smallest region in the global rail transportation market.
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Trends In The Rail Transportation Market
Rail transportation companies are using alternative energy sources to operate their rolling stock and stations. Alternatives for diesel include hydrogen and LNG (already being tested by some rail operators) that can be used to power trains. The use of alternative energy sources is primarily driven by growing environmental concerns due to climate change and rising fears of energy security. For instance, The Netherlands’ national railway company Nederlandse Spoorwegen (NS) and electricity company Eneco is running all its trains on wind energy, since January 2017.
Potential Opportunities In The Rail Transportation Market
This market is expected to register high growth rate due to increasing connectivity in emerging economies such as India, China, and Brazil, increasing government investments, economical ticket pricing, and augmented use of big data analytics in railways during the forecast period., the scope and potential for the global rail transportation market is expected to significantly rise in the forecast period.
Major players in the rail transportation market include China Railway Corporation, Russian Railways, Indian Railways, Deutsche Bahn AG, Union Pacific Railroad.
Rail Transportation Global Market Report 2019 is one of a series of new reports from The Business Research Company that provides rail transportation market overviews, analyzes and forecasts rail transportation market size and growth for the global rail transportation market, rail transportation market share, rail transportation market players, rail transportation market size, rail transportation market segments and geographies, rail transportation market trends, rail transportation market drivers and rail transportation market restraints, rail transportation market’s leading competitors’ revenues, profiles and market shares. The rail transportation market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Rail Transportation Global Market Report 2019 from The Business Research Company for information on the following:
Markets Covered: global rail transportation market
Data Segmentations: rail transportation market size, global and by country; historic and forecast size, and growth rates for the world, 7 regions and 12 countries
Rail Transportation Market Organizations Covered: China Railway Corporation, Russian Railways, Indian Railways, Deutsche Bahn AG, Union Pacific Railroad
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Time Series: Five years historic (2014-18) and forecast (2018-22).
Other Information And Analyses: PESTEL analysis, rail transportation market customer information, rail transportation market product/service analysis – product examples, rail transportation market trends and opportunities, drivers and restraints, key mergers and acquisitions, key metrics covered: number of enterprises, number of employees, global rail transportation market in 2019 – countries offering most new opportunities
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Rail Transportation Industry: The report explains a number of strategies for companies in the rail transportation market, based on industry trends and company analysis.
Opportunities For Companies In The Rail Transportation Sector: The report reveals where the global rail transportation industry will put on most $ sales up to 2022.
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Source: EIN Presswire