The Business Research Company covers the freight cars market drivers and restraints, market size, major players, and the impact of COVID-19 on the market.
LONDON, GREATER LONDON, UK, June 3, 2022 /EINPresswire.com/ — According to ‘Freight Cars Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ published by The Business Research Company, the freight cars market is then expected to grow to $178.57 billion in 2026 at a CAGR of 5.6%. Government initiatives are expected to boost the freight cars market growth.
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The freight cars market consists of sales of freight cars rail freight transportation services and related goods by entities (organizations, sole traders, and partnerships) that provide the transportation of freight in a freight car. Freight Cars are a type of railroad car or rolling stock that are designed to transport goods on a rail transport system. Only goods and services traded between entities or sold to end consumers are included.
Global Freight Cars Market Trends
Freight cars are now enabled with GPS tracking and this is likely to one of the key freight cars market trends. The efficiency of freight cars transport will be augmented with the use of advanced GPS technologies. The incorporation of GPS technologies into freight cars by rail operators helps in managing the transport process, scheduling freight cars, maintaining a consistent delivery process, reducing the theft of goods, shaping the freight cars market outlook. For instance, Indian Railways began real-time monitoring of over 700 trains (passenger and freight), using The Control Office Application (COA) system. The COA was designed by ISRO after collaborating with the Indian Railways to monitor the movement of freight cars even between two stations with GPS. Therefore, the demand for freight cars is expected to be increased with the incorporation of certain criteria such as real-time data and on-time deliveries.
Global Freight Cars Market Segments
The global freight cars market is segmented:
By Type: Intermodals, Tank Wagons, Freight Cars
By Application: Coal, Petroleum and Chemicals, Metals and Minerals, Automobiles, Agricultural Products, Others
By End-Use Industries: Agriculture, Construction, Oil and Gas, Chemical, Medical and Pharmaceuticals, Food and Beverages, Government and Defense, Automotive and Transportation, Marine
By Geography: The global freight cars market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific accounts for the largest share.
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Freight Cars Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides freight cars market overviews, analyzes and forecasts market size and growth for the global freight cars market, market share, market segments and geographies, market players, market leading competitor revenues, profiles and market shares. The freight cars market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s Freight Cars Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: CN Railway, DB Schenker, Union Pacific, Kansas City Southern, CSX Corporation, Norfolk Southern Corporation, Housatonic Railroad Company, and Linfox Pty Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
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