Intermodal Freights are Leading the Europe & CIS Rail Freight Transportation Market during Forecast Period
The growth of the Europe & CIS Rail Freight
Transportation Market in the forecast period is being driven by increasing
goods transport among countries and investments in rail infrastructure.
According to TechSci Research report, “Europe
& CIS Rail Freight Transportation Market - By Region, Competition Forecast & Opportunities,
2018-2028,” the Rail Freight Transportation Market in Europe &
CIS refers to the rail transport of goods and commodities across different
countries in Europe and the CIS region. The rail freight transportation market
includes the infrastructure, services, and operations involved in the
transportation of freight by rail across the European continent. The Rail
freight market caters to various types of freight such as coal & coke,
minerals & ores, food grains, cement & clinker, chemical manures, iron
& steel, petroleum products & gases, container services, etc. Europe
and CIS rail freight transportation market provide services in three main
freight categories, including Unit Trains, Carload Freight, and Intermodal
Freight. Additionally, rail freight is seen as a more environmentally friendly
mode of freight transport than other modes. The growth of the European rail
freight transportation market is largely attributed to an increase in trade,
supply chain optimization, and sustainability. The rail freight market refers
to the transportation of goods and containers by rail across different
countries in Europe and the CIS. The growth of Europe's rail freight market can
be attributed to a number of factors, including an increase in trade, supply
chain optimization, and sustainability. The rail freight transportation market
comprises the infrastructure, services, and operations that take place to
transport goods and commodities by rail across Europe and the CIS. The rail
freight market covers a wide range of goods and services, including coal &
coke, minerals & ores, food grains, cement & clinker, iron & steel,
petroleum products & gases, container services. Overall, with the above
considerations, Europe & CIS rail freight transportation market is expected
to grow at a higher rate in the coming years.
Europe
has established several energy policy use scenarios that mainly involve
renewable energy. Additionally, Europe's green transformation is taking place
across the entire socio-economic ecosystem, including rail freight. Freight
trains are now five times more energy efficient than lorries, and an increasing
number of freight transport companies are utilizing hydrotreated vegetable oil
(HVO) as a biofuel, which significantly reduces carbon dioxide emissions
compared to diesel fuel. This has resulted in the rapid expansion of the Europe
and CIS rail freight transportation market.
Many
agencies and organizations are contributing to this growth through the
implementation of standardized telematics interfaces for European rail freight
services and tracing, which include e-consignment notes, improved e-capacity
offerings to customers, and electronic real-time tracking of shipments/wagons.
DB Cargo has announced the use of HVO biofuel in 2023, which is expected to
reduce nearly 90% of carbon emissions from rail freight transportation.
Additionally, in 2022, DB Cargo Group won the contract for the sewer sludge
tender for the region of Vorarlberg, to transport up to 12,000 tonnes of sewage
sludge to Lower Austria each year through MOBILER (Mobile Logistics). In 2023,
the Rail Cargo Group signed a long-term logistics agreement with the companies
responsible for the transportation of raw materials, finished goods, and other
goods at Voestalpine Location in Linz. Overall, with the aforementioned
developments and collaborations, the Europe & CIS rail freight
transportation market has the potential to grow in the upcoming years.
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The Europe & CIS Rail Freight Transportation
Market can be segmented based on freight category, transport area, country, and
competitive landscape. The freight category is divided into three segments,
including Unit Trains, Carload Freight, and Intermodal Freight. Based on the
transport area, it is further segmented into International Transport and
National Transport. Furthermore, based on country the market is divided into
Germany, United Kingdom, France, Russia, Spain, Italy, Sweden, Poland, Austria,
Czech Republic, and the Rest of Europe & CIS.
Key
market players in the Europe & CIS Rail Freight Transportation Market
include:
- DB Cargo
- SNCF Group
- Rail Cargo Group
- PKP Cargo
- TX Logistik AG
- SBB Cargo International
- Green Cargo
- ČD Cargo
- Freightliner Group Ltd
- ZSSK CARGO
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“The
use of rail freight transport has increased in the past few years due to
increased logistics demand and developing rail infrastructure in the European
region. Furthermore, intermodal freight has gained popularity due to its
advantages over other segments, and it is expected to maintain its lead in the
coming years,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based global management consulting firm.
“Europe & CIS Rail Freight
Transportation Market By Freight Category (Unit Trains, Carload Freight,
Intermodal Freight), By Transport Area (International Transport, National
Transport), and By Country, Competition Forecast & Opportunities, 2018- 2028,” has evaluated
the future growth potential of Europe & CIS Rail Freight Transportation
Market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with essential
drivers, challenges, and opportunities in the Europe & CIS Rail Freight
Transportation Market.
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