LONDON–(BUSINESS WIRE)–#RailFreightTransportationMarketinAPAC–Technavio has been monitoring the rail freight transportation market in APAC and it is poised to grow by $11.2 bn during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio’s latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Rail Freight Transportation Market in APAC Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aurizon Holdings Ltd., China State Railway Group Co. Ltd., Container Corp. of India Ltd., Indian Railways, Japan Freight Railway Co., KiwiRail Ltd., Pacific National Group, PT Kereta Api Indonesia (Persero), Qube Holdings Ltd., and Twentieth Super Pace Nominees Pty Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Industrial and cross-border trade activities have been instrumental in driving the growth of the market. However, increasing maintenance expenses might hamper the market growth.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/rail-freight-transportation-market-in-APAC-industry-analysis
Rail Freight Transportation Market in APAC 2020-2024: Segmentation
Rail Freight Transportation Market in APAC is segmented as below:
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Rail Freight Transportation Market in APAC 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our rail freight transportation market in APAC report covers the following areas:
This study identifies the emergence of digitalization in rail freight services as one of the prime reasons driving the rail freight transportation market growth in APAC during the next few years.
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Rail Freight Transportation Market in APAC 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Mode of Transportation
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
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