NEW YORK, March 28, 2023 /PRNewswire/ — The rail freight transportation market in North America is forecast to grow by USD 42.88 billion between 2022 and 2027. The growth momentum will be accelerating at a CAGR of 7.47% during the forecast period. The growth of the market is driven by the low transportation cost of freight. Rail freight transportation is more economical compared to other modes of transport. It can transport larger amounts of cargo over longer distances. Also, rail transportation is 6-7 times more efficient than road transportation, which reduces greenhouse gas emissions. Such benefits have made rail freight transportation an attractive option for governments and other organizations to transport goods. Thus, the low cost of transportation is driving the growth of the rail freight transportation market in North America. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) – Request a report sample
Technavio has announced its latest market research report titled North America Rail Freight Transportation Market 2023-2027
Regional Analysis
By region, the rail freight transportation market is segmented into US, Canada, and Mexico. The US will account for maximum market growth during the forecast period. The country has an extensive rail network and a large volume of goods transported by rail. Also, the US is home to several major ports that handle a large volume of containerized cargo. In addition, the increasing demand for coal and grain and investments in infrastructure development by governments are driving the growth of the regional market.
Market Dynamics
The growth of the market is driven by factors such as the low transportation cost of freight, increasing investments in rail transportation, and an increase in cross-border trades. However, increasing competition from alternate freight services will challenge the growth of the market.
Company Profiles
The rail freight transportation market in North America is fragmented. The market is highly competitive with the presence of many vendors. The vendors are strengthening their positions in the market with heavy investments in rail infrastructure. The current vendor landscape is influenced by the increase in environmental regulations and demand for technological improvements and other sophisticated features. Besides, vendors are focusing on expanding their geographical reach and realigning their product offerings to reduce operating costs. They are also focusing on remaining competitive by targeting high-growth segments and strengthening their financial position in the market. As a result of these factors, the market will remain competitive over the forecast period.
The rail freight transportation market in North America report includes information on the key products and recent developments of leading vendors, including:
Brookfield Business Partners LP – The company offers rail freight transportation solutions under the subsidiary Genesee and Wyoming Inc.
Canadian National Railway Co. – The company offers rail freight transportation solutions for agricultural industry.
CSX Corp. – The company offers rail freight transportation solutions for industrial, construction, agricultural, and consumer products.
DB Schenker – The company offers rail freight transportation solutions such as conventional wagons and semi-wagons.
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Competitive Analysis
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Request a Sample
Market Segmentation
By end-user, the market is segmented into petroleum and chemical, coal, metals and minerals, agriculture products, and others.
By mode of transportation, the market is segmented into freight cars, tank wagons, and intermodals.
By geography, the market is segmented into the US, Canada, and Mexico.
What are the key data covered in this rail freight transportation market in North America report?
CAGR of the market during the forecast period.
Detailed information on factors that will drive the growth of the market between 2023 and 2027
Precise estimation of the size of the rail freight transportation market in North America and its contribution to the parent market.
Accurate predictions about upcoming trends and changes in consumer behavior.
Growth of the market across North America.
A thorough analysis of the market’s competitive landscape and detailed information about vendors.
Comprehensive analysis of factors that will challenge the growth of rail freight transportation market vendors.
Related Reports:
The freight logistics market is estimated to grow at a CAGR of 5.74% between 2022 and 2027. The size of the market is forecast to increase by USD 319.65 million. The market is segmented by type (road, maritime, rail, and air), end-user (manufacturing, automotive, consumer goods, food and beverage, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
The rail freight transportation market in Europe is expected to grow by USD 5.29 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 1.36%. The market is segmented by area (international and domestic) and geography (Germany, Poland, France, Italy, and Rest of Europe).
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Rail Freight Transportation Market in North America Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 7.47% |
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Market growth 2023-2027 |
USD 42.88 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
7.68 |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Berkshire Hathaway Inc., Brookfield Business Partners LP, Canadian National Railway Co., Canadian Pacific Railway Ltd., CSX Corp., DB Schenker, Deutsche Post AG, DSV AS, GeoMetrix Rail Logistics Inc., Grupo Mexico SAB de CV, Harsco Corp., Hub Group Inc., Kerry Logistics Network Ltd., Norfolk Southern Corp., Patriot Rail Co., RSI Logistics Inc., Union Pacific Corp., United Parcel Service Inc., VIA Rail Canada Inc., and WSP Inc. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Country Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary – Chart on Market Segmentation by Mode of Transportation
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on North America – Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Regional – Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on North America: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Regional – Market size and forecast 2022-2027 ($ billion)
4 Historic Market Size
4.1 Rail freight transportation market in North America 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Rail freight transportation market in North America 2017 – 2021 ($ billion)
4.2 End-user Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – End-user Segment 2017 – 2021 ($ billion)
4.3 Mode of transportations Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Mode of transportations Segment 2017 – 2021 ($ billion)
4.4 Country Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Country Segment 2017 – 2021 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 22: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 28: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by End-user
6.1 Market segments
Exhibit 29: Chart on End-user – Market share 2022-2027 (%)
Exhibit 30: Data Table on End-user – Market share 2022-2027 (%)
6.2 Comparison by End-user
Exhibit 31: Chart on Comparison by End-user
Exhibit 32: Data Table on Comparison by End-user
6.3 Petroleum and chemical – Market size and forecast 2022-2027
Exhibit 33: Chart on Petroleum and chemical – Market size and forecast 2022-2027 ($ billion)
Exhibit 34: Data Table on Petroleum and chemical – Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Chart on Petroleum and chemical – Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Petroleum and chemical – Year-over-year growth 2022-2027 (%)
6.4 Coal – Market size and forecast 2022-2027
Exhibit 37: Chart on Coal – Market size and forecast 2022-2027 ($ billion)
Exhibit 38: Data Table on Coal – Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Chart on Coal – Year-over-year growth 2022-2027 (%)
Exhibit 40: Data Table on Coal – Year-over-year growth 2022-2027 (%)
6.5 Metals and minerals – Market size and forecast 2022-2027
Exhibit 41: Chart on Metals and minerals – Market size and forecast 2022-2027 ($ billion)
Exhibit 42: Data Table on Metals and minerals – Market size and forecast 2022-2027 ($ billion)
Exhibit 43: Chart on Metals and minerals – Year-over-year growth 2022-2027 (%)
Exhibit 44: Data Table on Metals and minerals – Year-over-year growth 2022-2027 (%)
6.6 Agriculture products – Market size and forecast 2022-2027
Exhibit 45: Chart on Agriculture products – Market size and forecast 2022-2027 ($ billion)
Exhibit 46: Data Table on Agriculture products – Market size and forecast 2022-2027 ($ billion)
Exhibit 47: Chart on Agriculture products – Year-over-year growth 2022-2027 (%)
Exhibit 48: Data Table on Agriculture products – Year-over-year growth 2022-2027 (%)
6.7 Others – Market size and forecast 2022-2027
Exhibit 49: Chart on Others – Market size and forecast 2022-2027 ($ billion)
Exhibit 50: Data Table on Others – Market size and forecast 2022-2027 ($ billion)
Exhibit 51: Chart on Others – Year-over-year growth 2022-2027 (%)
Exhibit 52: Data Table on Others – Year-over-year growth 2022-2027 (%)
6.8 Market opportunity by End-user
Exhibit 53: Market opportunity by End-user ($ billion)
Exhibit 54: Data Table on Market opportunity by End-user ($ billion)
7 Market Segmentation by Mode of Transportation
7.1 Market segments
Exhibit 55: Chart on Mode of Transportation – Market share 2022-2027 (%)
Exhibit 56: Data Table on Mode of Transportation – Market share 2022-2027 (%)
7.2 Comparison by Mode of Transportation
Exhibit 57: Chart on Comparison by Mode of Transportation
Exhibit 58: Data Table on Comparison by Mode of Transportation
7.3 Freight cars – Market size and forecast 2022-2027
Exhibit 59: Chart on Freight cars – Market size and forecast 2022-2027 ($ billion)
Exhibit 60: Data Table on Freight cars – Market size and forecast 2022-2027 ($ billion)
Exhibit 61: Chart on Freight cars – Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Freight cars – Year-over-year growth 2022-2027 (%)
7.4 Tank wagons – Market size and forecast 2022-2027
Exhibit 63: Chart on Tank wagons – Market size and forecast 2022-2027 ($ billion)
Exhibit 64: Data Table on Tank wagons – Market size and forecast 2022-2027 ($ billion)
Exhibit 65: Chart on Tank wagons – Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Tank wagons – Year-over-year growth 2022-2027 (%)
7.5 Intermodals – Market size and forecast 2022-2027
Exhibit 67: Chart on Intermodals – Market size and forecast 2022-2027 ($ billion)
Exhibit 68: Data Table on Intermodals – Market size and forecast 2022-2027 ($ billion)
Exhibit 69: Chart on Intermodals – Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on Intermodals – Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Mode of Transportation
Exhibit 71: Market opportunity by Mode of Transportation ($ billion)
Exhibit 72: Data Table on Market opportunity by Mode of Transportation ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 73: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 74: Chart on Market share by geography – 2022-2027 (%)
Exhibit 75: Data Table on Market share by geography – 2022-2027 (%)
9.2 Geographic comparison
Exhibit 76: Chart on Geographic comparison
Exhibit 77: Data Table on Geographic comparison
9.3 US – Market size and forecast 2022-2027
Exhibit 78: Chart on US – Market size and forecast 2022-2027 ($ billion)
Exhibit 79: Data Table on US – Market size and forecast 2022-2027 ($ billion)
Exhibit 80: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 81: Data Table on US – Year-over-year growth 2022-2027 (%)
9.4 Canada – Market size and forecast 2022-2027
Exhibit 82: Chart on Canada – Market size and forecast 2022-2027 ($ billion)
Exhibit 83: Data Table on Canada – Market size and forecast 2022-2027 ($ billion)
Exhibit 84: Chart on Canada – Year-over-year growth 2022-2027 (%)
Exhibit 85: Data Table on Canada – Year-over-year growth 2022-2027 (%)
9.5 Mexico – Market size and forecast 2022-2027
Exhibit 86: Chart on Mexico – Market size and forecast 2022-2027 ($ billion)
Exhibit 87: Data Table on Mexico – Market size and forecast 2022-2027 ($ billion)
Exhibit 88: Chart on Mexico – Year-over-year growth 2022-2027 (%)
Exhibit 89: Data Table on Mexico – Year-over-year growth 2022-2027 (%)
9.6 Market opportunity by geography
Exhibit 90: Market opportunity by geography ($ billion)
Exhibit 91: Data Table on Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 92: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 93: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 94: Overview on factors of disruption
11.4 Industry risks
Exhibit 95: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 96: Vendors covered
12.2 Market positioning of vendors
Exhibit 97: Matrix on vendor position and classification
12.3 Berkshire Hathaway Inc.
Exhibit 98: Berkshire Hathaway Inc. – Overview
Exhibit 99: Berkshire Hathaway Inc. – Business segments
Exhibit 100: Berkshire Hathaway Inc. – Key news
Exhibit 101: Berkshire Hathaway Inc. – Key offerings
Exhibit 102: Berkshire Hathaway Inc. – Segment focus
12.4 Brookfield Business Partners LP
Exhibit 103: Brookfield Business Partners LP – Overview
Exhibit 104: Brookfield Business Partners LP – Business segments
Exhibit 105: Brookfield Business Partners LP – Key offerings
Exhibit 106: Brookfield Business Partners LP – Segment focus
12.5 Canadian National Railway Co.
Exhibit 107: Canadian National Railway Co. – Overview
Exhibit 108: Canadian National Railway Co. – Product / Service
Exhibit 109: Canadian National Railway Co. – Key offerings
12.6 Canadian Pacific Railway Ltd.
Exhibit 110: Canadian Pacific Railway Ltd. – Overview
Exhibit 111: Canadian Pacific Railway Ltd. – Product / Service
Exhibit 112: Canadian Pacific Railway Ltd. – Key offerings
12.7 CSX Corp.
Exhibit 113: CSX Corp. – Overview
Exhibit 114: CSX Corp. – Product / Service
Exhibit 115: CSX Corp. – Key offerings
12.8 DB Schenker
Exhibit 116: DB Schenker – Overview
Exhibit 117: DB Schenker – Business segments
Exhibit 118: DB Schenker – Key offerings
Exhibit 119: DB Schenker – Segment focus
12.9 Deutsche Post AG
Exhibit 120: Deutsche Post AG – Overview
Exhibit 121: Deutsche Post AG – Product / Service
Exhibit 122: Deutsche Post AG – Key news
Exhibit 123: Deutsche Post AG – Key offerings
12.10 GeoMetrix Rail Logistics Inc.
Exhibit 124: GeoMetrix Rail Logistics Inc. – Overview
Exhibit 125: GeoMetrix Rail Logistics Inc. – Product / Service
Exhibit 126: GeoMetrix Rail Logistics Inc. – Key offerings
12.11 Grupo Mexico SAB de CV
Exhibit 127: Grupo Mexico SAB de CV – Overview
Exhibit 128: Grupo Mexico SAB de CV – Business segments
Exhibit 129: Grupo Mexico SAB de CV – Key offerings
Exhibit 130: Grupo Mexico SAB de CV – Segment focus
12.12 Hub Group Inc.
Exhibit 131: Hub Group Inc. – Overview
Exhibit 132: Hub Group Inc. – Product / Service
Exhibit 133: Hub Group Inc. – Key offerings
12.13 Norfolk Southern Corp.
Exhibit 134: Norfolk Southern Corp. – Overview
Exhibit 135: Norfolk Southern Corp. – Business segments
Exhibit 136: Norfolk Southern Corp. – Key offerings
Exhibit 137: Norfolk Southern Corp. – Segment focus
12.14 Patriot Rail Co.
Exhibit 138: Patriot Rail Co. – Overview
Exhibit 139: Patriot Rail Co. – Product / Service
Exhibit 140: Patriot Rail Co. – Key offerings
12.15 RSI Logistics Inc.
Exhibit 141: RSI Logistics Inc. – Overview
Exhibit 142: RSI Logistics Inc. – Product / Service
Exhibit 143: RSI Logistics Inc. – Key offerings
12.16 Union Pacific Corp.
Exhibit 144: Union Pacific Corp. – Overview
Exhibit 145: Union Pacific Corp. – Product / Service
Exhibit 146: Union Pacific Corp. – Key offerings
12.17 VIA Rail Canada Inc.
Exhibit 147: VIA Rail Canada Inc. – Overview
Exhibit 148: VIA Rail Canada Inc. – Product / Service
Exhibit 149: VIA Rail Canada Inc. – Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 150: Inclusions checklist
Exhibit 151: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 152: Currency conversion rates for US$
13.4 Research methodology
Exhibit 153: Research methodology
Exhibit 154: Validation techniques employed for market sizing
Exhibit 155: Information sources
13.5 List of abbreviations
Exhibit 156: List of abbreviations
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