The Business Research Company’s latest report Rail Freight Global Market Report 2020 covers Rail Freight market drivers, Rail Freight market trends, Rail Freight market segments, Rail Freight market growth rate, Rail Freight market major players, and Rail Freight market size. The report provides in-depth analysis of the impact of COVID-19 on the Rail Freight industry, along with revised market numbers due to the effects of the coronavirus.
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Rail Freight Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global rail freight market is expected to decline from $97.3 billion in 2019 to $94.9 billion in 2020 at a compound annual growth rate (CAGR) of -2.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $114.3 billion in 2023.
The report covers the Rail Freight market’s segments-
1) By Type: Intermodals; Tank Wagons; Freight Cars
2) By Destination: Domestic; International
3) By Application: Oil and Gas; Mining Industry; Logistic Industry; Post Service; Others
4) By Freight Type: Containerized; Liquid; Commodities; Others.
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