RAIL FREIGHT TRANSPORTATION SERVICES INDUSTRY

Rail Freight Transportation Services Industry

The rail freight transportation services industry, which experienced steady growth during the last five years, is anticipated to continue that momentum over the next five years (2012-2017). The industry is forecast to reach revenue of approximately US $165.6 billion globally in 2017 with a CAGR of 2.6%. Continued development in emerging markets such as China, Brazil, India, and the Middle East is expected to drive growth in the Asia Pacific (APAC) and Rest of the World (ROW) regions.

Lucintel, a leading global management consulting and market research firm, has analyzed the global rail freight transportation services industry and presents its findings in “Global Rail Freight Transportation Services Industry 2012-2017:Trend, Profit, and Forecast Analysis.”

The rail freight transportation services market is consolidated. This industry comprises both domestic and international routes within the rail freight transportation services sector. North America currently dominates this market. A combination of factors, including service quality, greater reliability, and more tightly engineered synchronization, influence industry dynamics considerably. APAC witnessed the highest growth rate during 2006-2011 as across the region, coal, minerals, steel, fertilizers, chemicals, petroleum products, and agricultural products are mostly transported by rail. Coal, crude oil, and steel make up the bulk of the rail commodities.

Lucintel’s research indicates that in 2011 the industry witnessed robust growth over 2010, driven by high freight volumes as global economic conditions and industrial production continued to improve along with the rising demand for raw materials and an escalation in container transport.

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