Rail Freight Transportation Market in Europe 2017-2021
About Rail Freight Transportation
Rail freight transportation is used for the movement of heavy goods such as coal, metals, and oils. Often, rail freight service providers go beyond logistics and provide value-added services such as loading and unloading, documentation services, and packaging. They also provide strategic and operational value to many shippers worldwide. Freight service providers are improving logistics services by introducing innovative supply chain management (SCM).
Technavio’s analysts forecast the rail freight transportation market in Europe to grow at a CAGR of 2.75% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the rail freight transportation market in Europe for 2017-2021. To calculate the market size, the report considers the rail freight services provided by vendors in Europe.Technavio's report, Rail Freight Transportation Market in Europe 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report –Rail Freight Transportation Market in Europe 2017-2021
Technavio recognizes the following companies as the key players in the rail freight transportation market in Europe: CFR Marfa, DB Schenker, PKP Cargo, SBB Cargo, and SNCF.
Other Prominent Vendors in the market are: Baltic Rail, BLS Cargo, Colas Rail, Direct Rail Services, Europorte, Freightliner Group, Globalink Logistics Group, Harsco Rail, Rhenus Logistics, and TRANSALEX International.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is use of big data analytics in European rail freight. Freight rail operators in Europe have started using big data analytics to increase operational efficiency and overall business performance. The use of big data and relevant technologies helps provide better transparency into rail freight operations and can also help in minimizing errors and inefficiencies. Big data is usually collected through software systems and sensors that are attached to the product.”
According to the report, one of the major drivers for this market is increased growth in rail freight route between Asia and Europe, expected to grow by 30% in 2021. The imported and exported goods that were transported on the Europe-China rail route together accounted for $7.5 billion in 2015. European companies that have a production base in China use rail networks to transport goods back to European countries. The first rail freight route between Beijing and Hamburg was introduced in 2008. Since then, China has opened rail freight services to Europe in 15 cities.
Further, the report states that one of the major factors hindering the growth of this market is poor maintenance of railway networks resulting in less sustainability and profitability. Railway networks need to be maintained and modernized constantly to meet rail freight-specific needs and provide good quality service to customers. Despite the large investments and many infrastructure development strategies, rail freight lines continue to lack proper maintenance. This has resulted in speed restrictions and the closure of railway lines.
CFR Marfa, DB Schenker, PKP Cargo, SBB Cargo, SNCF, Baltic Rail, BLS Cargo, Colas Rail, Direct Rail Services, Europorte, Freightliner Group, Globalink Logistics Group, Harsco Rail, Rhenus Logistics, TRANSALEX International.
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