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.
