Market Size of Asia Pacific Rail Freight Transport Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Rail Freight Transport Market Analysis
The size of the Asia Pacific Rail Freight Transport Market is USD 170 billion in the current year and is anticipated to register a CAGR of over 4% during the forecast period
- The rail freight digital transformation solution and services are creating new opportunities which are more agile to transform the rail freight digital transformation market share by developing new models and freight management systems to monitor the core operations of the rail freight digital transformation market.
- A well-functioning rail network provides the backbone of several countries' logistics sectors. Especially in countries like Australia, New Zealand or Indonesia, freight accounts for the larger share of railway traffic volumes given the long transport distances. South Korea and Thailand in terms of railway traffic volumes where support the reduction of road traffic and pollution in dense urban areas.
- Asia Pacific is expected to account for almost half of global freight activity by that time. Consequently, transport emissions might rise 48% from 2015 to 2050 at the regional level. With the onset of Covid-19, there was a surge in rail freight demand which led to growth in this sector as well as prompted the government of various countries to develop the railway network for the future.
APAC Rail Freight Transport Industry Segmentation
Rail freight transport is the usage of railroads and trains to transport cargo on land. It can be used for transporting various kinds of goods or some of the way between the shipper and the intended destination. The report includes a complete background analysis of the rail freight transport market, which includes an assessment of the sector and contribution of the sector in the economy, market overview, market size estimation for key segments, key countries and emerging trends in the market segments, market dynamics, and key freight statistics. The report also covers a detailed analysis of the impact of COVID-19 on the market.
The Asia Pacific Rail Freight Transport Market is segmented by cargo type (containerized (intermodal), non-containerized, and liquid bulk), destination (domestic and international), service type (transportation and services allied to transportation), and by country (India, China, Australia, Japan, Indonesia, Thailand and Rest of Asia-Pacific). The report offers the market size and forecasts in volume (thousand metric ton) and value (USD billion) for all the above segments.
| By Type of Cargo | |
| Containerized (Includes Intermodal) | |
| Non-containerized | |
| Liquid Bulk |
| By Destination | |
| Domestic | |
| International |
| By Country | |
| India | |
| China | |
| Australia | |
| Japan | |
| Indonesia | |
| Thailand | |
| Rest of Asia-Pacific |
Asia Pacific Rail Freight Transport Market Size Summary
The Asia Pacific Rail Freight Transport Market is experiencing a dynamic phase of growth, driven by digital transformation solutions and services that are reshaping the market landscape. This transformation is facilitating the development of new models and freight management systems, enhancing the efficiency of core operations. The region's rail network serves as a crucial component of the logistics sectors in countries like Australia, New Zealand, and Indonesia, where freight constitutes a significant portion of railway traffic. The market is poised to play a pivotal role in global freight activity, with countries such as South Korea and Thailand contributing to reduced road traffic and pollution in urban areas. The COVID-19 pandemic has further accelerated demand for rail freight, prompting governments to invest in future-ready railway networks.
Investment in new rail infrastructure and the renewal of existing systems are essential for expanding connectivity and supporting national transport strategies across the Asia Pacific region. These efforts aim to shift freight transport from road to rail and to decarbonize railway operations. The region's rail electrification rate remains low, presenting opportunities for substantial emission reductions, particularly in long-distance transport. China leads the region in railway coverage and is focusing on enhancing efficiency through digitalization and automation, as outlined in its 14th five-year plan. The market is moderately consolidated, with major players like China State Railway Group Co. Ltd., Aurizon Holdings Ltd., and Indian Railways. These companies are navigating competition from road and air transporters while investing heavily in infrastructural developments, particularly in China and India.
Asia Pacific Rail Freight Transport Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Current Market Scenario
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1.2 Technological Trends
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1.3 Government Regulations and Initiatives
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1.4 Insights into Transport Corridors in Key Regions
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1.5 Review and Commentary on the Freight Transportation Costs by Rail
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1.6 Elaboration on Key Trade Agreements Related to Rail
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1.7 Impact of COVID-19 on the Market (Short-term and Long-term Impact on the Market and the Economy)
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1.8 Insights into Key End Users of the Rail Freight Sector
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2. MARKET SEGMENTATION
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2.1 By Type of Cargo
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2.1.1 Containerized (Includes Intermodal)
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2.1.2 Non-containerized
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2.1.3 Liquid Bulk
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2.2 By Destination
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2.2.1 Domestic
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2.2.2 International
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2.3 By Country
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2.3.1 India
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2.3.2 China
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2.3.3 Australia
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2.3.4 Japan
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2.3.5 Indonesia
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2.3.6 Thailand
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2.3.7 Rest of Asia-Pacific
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Asia Pacific Rail Freight Transport Market Size FAQs
What is the current Asia Pacific Rail Freight Transport Market size?
The Asia Pacific Rail Freight Transport Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Rail Freight Transport Market?
China State Railway Group Co. Ltd., Aurizon Holdings Ltd., M & W China Limited, Japan Freight Railway Co. and Indian Railways are the major companies operating in the Asia Pacific Rail Freight Transport Market.
