The Rail Transport Global Market Report 2020-30 by The Business Research Company describes and explains the global rail transport market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The Rail Transport Global Market Opportunities And Strategies Report covers rail transport market drivers, rail transport market trends, rail transport market segments, rail transport market growth rate, rail transport market major players, and rail transport market size.
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The rail transport market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.
Rail Transport Global Market Opportunities And Strategies Report 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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Trends include:
Head on Generation (HOG) To Increase Capacity in Passenger Trains –
Public and private railway companies across the world are moving towards energy efficient power supply systems such as a head on generation (HOG) system rather than an end on generation (EOG) system for their trains. The HOG power supply system provides multiple benefits to the railway company such as reduced noise pollution and economical power generation through eliminated diesel consumption. These benefits further result in improvements in revenue and lower operational costs due to decreased maintenance requirements. The HOG system also enables increase in coach capacity, as the traditional EOG system requires a minimum of two generator cars to supply power. Railway companies are recognizing the benefits of this technology and are making efforts to explore the sustainable power supply system.
Increased Focus on Digitalization –
Digitalization has emerged as the key trend for innovation in the railway transportation services. It offers major benefits to simplify operations, increase asset efficiency and enhance the experience of passengers while at the same time reduce costs. Digitalization is used to collect real-time data on rail movements and is a predictive maintenance facilitator for fixed assets and rail infrastructure. The focus on digital trains and connected railways at lowered prices shows that the pace of acceptance of these digitalization methods will increase in 2019 and ahead. For instance, Cisco, a USA based networking hardware company estimates that about $30 billion will be invested on IoT projects in the rail sector over the next 12 years.
The market is segmented:
By Type
1. Passenger Rail
2. Rail Freight
By Distance
1. Long-Distance Rail Transport
2. Short-Distance Rail Transport
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