Irving, TX (PRWEB) August 04, 2012
Therail 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$165.6billion 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 growthin 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 industryand presents its findings in “Global Rail Freight Transportation Services Industry2012-2017: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 2011the 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.
The study relates how the industry has made large investments in technological innovation during the last five years, a key driver for the industry. Advances in technology, striving for customer retention, and competition for growth of market share drive consolidation in the market.The permanent threat of terrorism creates an additional element of uncertainty and challenges,prompting rail freight companies to implement highly effective security and risk management systems.
This study, which provides an overview of the global rail freight transportation services industry,researches one market segment for four geographic regions: thus, it tracks four segments of the industry.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk (at) lucintel (dot) com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.