Europe Rail Freight Transportation Market to Touch €27 Billion by 2023
Expansion of rail network and rising
number of infrastructure developments coupled with growing investments and
technological advancements to drive Europe rail freight transportation market
through 2023
According to TechSci Research report, “Europe
Rail Freight Transportation Market By
Product, By Intermodal, By Consignment, By Country, Competition Forecast &
Opportunities, 2013 – 2023”, rail freight
transportation market in Europe is projected to reach $ 34 billion (€27 Bn) by 2023, owing to scheduled and
reliable transportation by rail in comparison to other freight transport mediums.
Expanding mining, logistics and automotive sectors coupled with increasing
usage of big data analytics by rail freight transportation companies to boost
operational efficiency and expanding rail freight network would aid the
region’s rail freight transportation market during the forecast period. Growing
technological advancements and increasing government funding are among the other
major factors expected to drive the market. Some of the major operators in the
market are DB Cargo, Rail Freight Cargo Austria, PKP Cargo S.A., SNCF Mobilités
Group, SBB Cargo, Ferrovie dello Stato SpA, Genesee & Wyoming Inc, and EQT
Infrastructure II GP BV, among others.
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Metal ores and other mining products account for a
major share in the Europe rail freight
transportation market, followed by coal/lignite/crude
oil/gas. Increase in the number of infrastructure development projects and power
plants and construction activities across the region is leading to strong
demand for metal ores and coal products. Germany dominated the market in 2017
and same trend is anticipated to continue in the coming years as well, on the
back of organized rail network and transportation of large tonnage of goods from
and to the country.
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“Launch of new train services such as a direct rail
connection between Amsterdam and China’s Yiwu, which will pass through Germany,
Poland, Belarus, Russia and Kazakhstan before reaching China, would drive the rail
freight transportation market in Europe. In addition to such developments, technological
advancements and growing investments in the market would provide lucrative
opportunities to rail freight transportation companies in the region over the
course of next five years”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Europe
Rail Freight Transportation Market By Product, By Intermodal, By Consignment,
By Country, Competition Forecast & Opportunities, 2013 – 2023” has analyzed the potential of rail freight transportation market, and provides
statistics and information on market size, shares and trends. The report will
suffice in providing the intending clients with cutting-edge market
intelligence and help them in taking sound investment decisions. Besides, the
report also identifies and analyzes emerging trends along with essential
drivers and key challenges faced by the Europe rail freight
transportation market.
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