PUBLISHER: IMARC | PRODUCT CODE: 1468591
PUBLISHER: IMARC | PRODUCT CODE: 1468591
Railroad Market Report by Type (Rail Freight, Passenger Rail), Distance (Long Distance, Short Distance), End Use (Mining, Construction, Agriculture, and Others), and Region 2024-2032
The global railroad market size reached US$ 320.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 447.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.7% during 2024-2032.
Railroad refers to a set of tracks made of steel that are laid on a roadbed. It is a medium of land-based mass transportation catering to the movement of passengers and commodities over short and long-distance routes. It comprises vehicles with flange wheels guided by parallel tracks that restrict movement and eliminate the need for steering. These vehicles are either self-propelled or use a locomotive for propulsion. The railroad is widely used for traveling and transporting bulk commodities, including coal, petroleum, chemicals, construction materials, agricultural produce, consumer goods, and automobiles. As compared to road transportation, the railroad is faster, safer, and more cost-effective, comfortable, and energy efficient due to the lower frictional resistance offered by tracks.
Railroad Market Trends:
The global railroad market is primarily driven by rapid industrialization, coupled with significant growth in the tourism industry. Due to the globalization-induced industrial revolution, the rising number of local and cross-border movements of travelers and commodities is facilitating the market growth. Additionally, the introduction of advanced driver assistance systems (ADAS) in railroads that provide automatic warning, supervision, and control arrangements to enhance operational management and optimize energy usage is providing an impetus to the market growth. Apart from this, the increasing adoption of railroads for transporting bulk commodities to remote areas, owing to their robust connectivity, is acting as another growth-inducing factor. Furthermore, extensive research and development (R&D) activities toward building new high-speed rails, such as maglev trains and metros, are creating a positive outlook for the market. Moreover, the increasing inclination towards public transport systems to minimize pollution, carbon footprint, and traffic congestion is favoring the market growth. Other factors, including increasing investments by several governments for the expansion of the railroad network, exponential population growth, emerging trends of railcar leasing, and advancements in storage facilities for perishable goods, are anticipated to drive the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global railroad market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type, distance and end use.
Breakup by Type:
Rail Freight
Passenger Rail
Breakup by Distance:
Long Distance
Short Distance
Breakup by End Use:
Mining
Construction
Agriculture
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bnsf Railway Company (Berkshire Hathaway Inc.), Canadian National Railway Co., Canadian Pacific Railway Limited, CSX Corporation, CTL Logistics Sp. z o.o, DB Cargo Aktiengesellschaft (Deutsche Bahn AG), Japan Freight Railway Company, Norfolk Southern Corporation, PKP Cargo International (PKP Cargo), SBB Cargo (Swiss Federal Railways), SNCF Group and Union Pacific Corporation.
Key Questions Answered in This Report
- 1. What was the size of the global railroad market in 2023?
- 2. What is the expected growth rate of the global railroad market during 2024-2032?
- 3. What are the key factors driving the global railroad market?
- 4. What has been the impact of COVID-19 on the global railroad market?
- 5. What is the breakup of the global railroad market based on the type?
- 6. What are the key regions in the global railroad market?
- 7. Who are the key players/companies in the global railroad market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Railroad Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Rail Freight
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Passenger Rail
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Distance
- 7.1 Long Distance
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Short Distance
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End Use
- 8.1 Mining
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Construction
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Agriculture
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Bnsf Railway Company (Berkshire Hathaway Inc.)
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Canadian National Railway Co.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Canadian Pacific Railway Limited
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 CSX Corporation
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 CTL Logistics Sp. z o.o
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 DB Cargo Aktiengesellschaft (Deutsche Bahn AG)
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Japan Freight Railway Company
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Norfolk Southern Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 PKP Cargo International (PKP Cargo)
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 SBB Cargo (Swiss Federal Railways)
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 SNCF Group
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Union Pacific Corporation
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.1 Bnsf Railway Company (Berkshire Hathaway Inc.)
List of Figures
- Figure 1: Global: Railroad Market: Major Drivers and Challenges
- Figure 2: Global: Railroad Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Railroad Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Railroad Market: Breakup by Type (in %), 2023
- Figure 5: Global: Railroad Market: Breakup by Distance (in %), 2023
- Figure 6: Global: Railroad Market: Breakup by End Use (in %), 2023
- Figure 7: Global: Railroad Market: Breakup by Region (in %), 2023
- Figure 8: Global: Railroad (Rail Freight) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Railroad (Rail Freight) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Railroad (Passenger Rail) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Railroad (Passenger Rail) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Railroad (Long Distance) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Railroad (Long Distance) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Railroad (Short Distance) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Railroad (Short Distance) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Railroad (Mining) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Railroad (Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Railroad (Construction) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Railroad (Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Railroad (Agriculture) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Railroad (Agriculture) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Railroad (Other End Uses) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Railroad (Other End Uses) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: North America: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: North America: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: United States: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: United States: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Canada: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Canada: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Asia-Pacific: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Asia-Pacific: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: China: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: China: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Japan: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Japan: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: India: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: India: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: South Korea: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: South Korea: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Australia: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Australia: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Indonesia: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Indonesia: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Others: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Others: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Europe: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Europe: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Germany: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Germany: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: France: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: France: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: United Kingdom: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: United Kingdom: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Italy: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Italy: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Spain: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Spain: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Russia: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Russia: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Others: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Others: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Latin America: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Latin America: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Brazil: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Brazil: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Mexico: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Mexico: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Others: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Others: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Middle East and Africa: Railroad Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Middle East and Africa: Railroad Market: Breakup by Country (in %), 2023
- Figure 72: Middle East and Africa: Railroad Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Global: Railroad Industry: SWOT Analysis
- Figure 74: Global: Railroad Industry: Value Chain Analysis
- Figure 75: Global: Railroad Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Railroad Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Railroad Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Railroad Market Forecast: Breakup by Distance (in Million US$), 2024-2032
- Table 4: Global: Railroad Market Forecast: Breakup by End Use (in Million US$), 2024-2032
- Table 5: Global: Railroad Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Railroad Market: Competitive Structure
- Table 7: Global: Railroad Market: Key Players
