Railway Freight Transportation Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Cargo Type (Containerized, Non Containerized, Tanker); Destination (Domestic, International); Service Type (Transportation Services, Ancillary Service) and Geography
The briskly rising economies of the developed as well as developing regions, growing trends of urbanization and escalating disposable income, have resulted in an increased flow of goods. Adoption of advanced technologies, infrastructure development are some of the primary factors contributing to the growth of the freight transportation and services. Despite, the process of the railways by government in certain nations might result in cost increment and inefficiency.
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Companies Profiled in this report includes: Canadian National Railway, Canadian Pacific Railway, DB Cargo, Geneese and Wyoming Inc., Indian Railways, Japan Freight Railway Company, Russian Railways RZhD, Swiss Federal Railways, Union Pacific Railroad, United Parcel Service
Based on cargo type, the global Railway freight transportation market is segmented into containerized, non containerized and tanker.
On the basis of destination, the market is segmented into domestic and international.
Based on service type, the market is bifurcated into transportation services and ancillary services.
The rail freight transport is relatively inexpensive to other transportation medium and is also the rail is considered to be more efficient, because it enables larger volume of cargo to be transported to long distances.
The transport of goods by train reduces the amount of fuel and emissions.
Implementation of restrictions on foreign entry and other barriers, are projected to restraint the growth of the market in some of the countries across the globe.
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IMPACT OF COVID-19 ON RAILWAY FREIGHT TRANSPORTATION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
Key Elements that the report acknowledges:
Market size and growth rate during forecast period.
Key factors driving the “Railway Freight Transportation market” market.
Key market trends cracking up the growth of the “Railway Freight Transportation market” market.
Challenges to market growth.
Key vendors of “Railway Freight Transportation market” market.
Detailed SWOT analysis.
Opportunities and threats faces by the existing vendors in Global “Railway Freight Transportation” market.
Trending factors influencing the market in the geographical regions.
Strategic initiatives focusing the leading vendors.
PEST analysis of the market in the five major regions.
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