Market Size of Russian Rail Freight Transport Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Russian Rail Freight Transport Market Analysis
The Russian Rail Freight Transport market is anticipated to register a CAGR of over 3.5% during the forecast period. Rail is among the most energy-efficient modes of transport for freight and passengers - while the rail sector carries 8% of the world's passengers and 7% of global freight transport, it represents only 2% of total transport energy demand.
- After the railroads of the United States and China, the Russian railways are the third longest in terms of length (85,500 km) and third in terms of the amount of freight they transport. Russia is second only to China in terms of the total density of operations (freight ton-kilometers + passenger kilometers)/length of the track. One of the economic wonders of the 19th, 20th, and 21st centuries has been dubbed Russian rail transport. The track has a 1520 mm gauge.
- COVID-19 had a split effect on the rail freight sector, with Asia and Europe experiencing an increase in rail freight traffic while North and South America suffered a fall. Long-term projections indicate that regional rail freight will significantly increase. Along with this, it's anticipated that there will be increased investment, further infrastructure construction, and technology adoption to digitise rail freight.
