Market Size of Japan Rail Freight Transport Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.60 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Rail Freight Transport Market Analysis
The Japan Rail Freight Transport Market transported over 39 million metric tons of cargo in the current year and is anticipated to register a CAGR of over 3.6% during the forecast period.The railway system was one of many transportation infrastructures that significantly aided Japan's economic growth with its effective transportation.
- Additionally, compared to autos, trains have extraordinarily high kinetic energy efficiency and have a very minimal environmental impact. JR Freight estimates that one freight train (26 cars) is equivalent to 65 10-ton trucks, demonstrating the extraordinarily high transportation efficiency of railways, which can move massive volumes of cargo at once.
- The TOYOTA LONGPASS EXPRESS is one well-known illustration. Toyota owns this freight train, which travels 900 kilometers between Nagoya and Morioka and transports auto parts made at its facility in Aichi Prefecture to its facility in Iwate Prefecture. Transporting 40 10-ton truckloads at once, according to the firm, is now achievable thanks to the changeover from truck to rail transportation.
- Every day, 737 freight trains run across the nation on average. 425 of them are container trains, and the remaining trains transport heavy cargo in tankers and hoppers. These freight trains cover a total daily distance of around 240,000 km. JR Freight transports 90% of its train cargo at night. Even thoughthe fact that JR Freight and the six JRs use the same tracks and catenaries as well as the same rail infrastructure, they are all controlled by the JRs. Despite not paying track usage fees, JR Freight is nonetheless liable for any additional expenditures incurred as a result of running freight trains on these tracks.
- Japan's 150-year-old tradition of developing sophisticated railway technology and knowledge should now be able to propel the growth of sustainable railway systems around the world. Railways are crucial for a sustainable modal shift away from road travel because they have the potential to form the foundation of any future sustainable transport system.
