Freight Cars Market Scope
Freight car plays vital role in ensuring sustainable logistic needs as railroad provide a cost effective solution and environment friendly transportation. Amid increasing road transportation, freight car services provide a better alternative and are widely adopted among developed neighboring countries.
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Freight Cars market throughout the predicted period.
CN Railway [Canada], DB Schenker [Germany], SBB Cargo [Switzerland], Union Pacific [United States], Kansas City Southern [United States] and CSX Corporation [United States] are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Canadian National Railway [Canada], GeoMetrix Rail Logistics [Canada], CTL Logistics [Poland], VTG Rail Logistics [Germany], Kuehen+Nagel Logistics [Switzerland], Union Pacific [United States] and RSI Logistics [United States].
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Freight Cars market by Type (Intermodals , Tank Wagons and Freight Cars), by Application (Oil Industry, Gas Industry and Others) and Region with country level break-up.
On the basis of geography, the market of Freight Cars has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Amid changing consumers need driven by the need to improve the supply chain, freight cars are shifting their focus towards digital forwarding. Denmark based company Maersk announced in September 2018 to embrace Digital Forwarding and combine with Damco’s supply chain services.
Market Trend
- Rising Demand For Integrated Services
- Adoption of Internet of Things in Rail Logistics
Market Drivers
- Developed Railroad Transportation Especially in Developed Countries
- Provide Cost Effective Logistic Solution
Opportunities
- Emergence of Multi-modal System and Use of IT Solutions and Software
- Economic Growth in Emerging Countries
Restraints
- Lack of inadequate infrastructure in Emerging Countries
- Volatile Nature of Trade Activities
Challenges
- Stringent Regulation Regarding Import and Export
- Hostile Relation Among Neighboring Countries
Key Target Audience
Freight Forwarding Service providers, Potential Investors, Government Agencies, Research Institute and Others