Market Size of Canada 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Canada Rail Freight Transport Market Analysis
The Canadian rail freight transport market is expected to register a CAGR of 3.5% during the forecast period.
- The freight rail sector of Canada's economy is its backbone, moving more than 320 billion dollars worth of goods annually across a coast-to-coast network. Almost all sectors of the Canadian economy are served by its freight trains, including manufacturing, agriculture, natural resources, wholesale, and retail.
- The export and import of goods are essential to Canada's economic development and standard of living, and the nation's freight trains make sure that these goods reach their destinations as quickly and cheaply as possible.
- Canadian railways transported 30.1 million tonnes of freight in June 2022, edging up 1.3% from June 2021 and the second consecutive month of the year-over-year increase in tonnage. Large increases in loadings of iron ores and energy products offset the ongoing declines in grain shipments.
- Also contributing to the overall increase were freight loadings from US rail connections, which reached 3.9 million tonnes in June 2022, a 9.2% increase from June 2021.
