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aimarketresearch · 1 month

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Rail Public Transport Market Size, Share, Trends, Demand, Growth and Competitive Analysis

Global Rail Public Transport Market report puts light on analysis of prime manufacturers, trends, opportunities, marketing strategies analysis, market effect factor analysis and consumer needs by major regions, types, and applications globally. This market research report performs an estimation of the growth rate and the market value based on market dynamics and growth inducing factors. Local, regional as well as global market has been considered here to conduct the research study of Rail Public Transport Market report. The report can be accessible to the users in the form of PDF or spreadsheet. Moreover, PPT format can also be offered depending upon client’s requirement.

While preparing an outstanding Rail Public Transport Market report, combination of best industry insight, practical solutions, talent solutions and latest technology have been utilized. The report aids in taking important decisions for the growth of business. What is more, with the utilization of best-practice models, comprehensive market analysis and research methodologies in this business report, it becomes simple to obtain perfect market segmentation and insights. The report also takes into consideration the detailed profiles of market’s major manufacturers and importers who are dominating the market. The world class Rail Public Transport Market report enlists key competitors with the required specifications and also endows with the strategic insights and analysis of the main factors influencing the industry.

Rail Public Transport Market, By Type (Passenger Rail Transportation, Rail Freight Medium-Distance Passenger Transport, Long-Distance Passenger Transport, Short-Distance Passenger Transport, Intermodals, Tank Wagons, Freight Cars, Heavy Rail, Light Rail), Application (Train Rail, Gantry Crane's Rail, Temporary Transport), Locality (City, Rural), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029.

Access Full 350 Pages PDF Report @

Core Objective of Rail Public Transport Market:

Every firm in the Rail Public Transport Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.

Size of the Rail Public Transport Market and growth rate factors.

Important changes in the future Rail Public Transport Market.

Top worldwide competitors of the Market.

Scope and product outlook of Rail Public Transport Market.

Developing regions with potential growth in the future.

Tough Challenges and risk faced in Market.

Global Rail Public Transporttop manufacturers profile and sales statistics.

Highlights of TOC:

Chapter 1: Market overview

Chapter 2: Global Rail Public Transport Market

Chapter 3: Regional analysis of the Global Rail Public Transport Market industry

Chapter 4: Rail Public Transport Market segmentation based on types and applications

Chapter 5: Revenue analysis based on types and applications

Chapter 6: Market share

Chapter 7: Competitive Landscape

Chapter 8: Drivers, Restraints, Challenges, and Opportunities

Chapter 9: Gross Margin and Price Analysis

Regional Analysis for Rail Public Transport Market:

APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)

Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)

North America (U.S., Canada, and Mexico)

South America (Brazil, Chile, Argentina, Rest of South America)

MEA (Saudi Arabia, UAE, South Africa)

Some of the major players operating in the rail public transport market report are TfL, MTR Corporation Limited, Bay Area Rapid Transit (BART), Chicago Transit Authority, WMATA, Massachusetts Bay Transportation Authority, METRO Cash & Carry India Pvt. Ltd., MTS Systems, MetroMadrid, Advantech Co., Ltd., Atos SE, SEOUL METROPOLITAN GOVERNMENT., Conduent Inc., FREQUENTIS, and Metro Infrasys Pvt. Ltd., among others.

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#Rail Public Transport Market Size #Share #Trends #Demand #Growth and Competitive Analysis #market share #market report #market trends #marketresearch #market size #market analysis #markettrends #market research

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juliamark · 4 months

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"On the Fast Track: Navigating the Evolution of the Railroads Market"

Introduction: In the pulsating heart of global transportation, the Railroads Market emerges as a key player, connecting nations, driving economies, and laying the foundation for sustainable mobility. This article embarks on a fascinating journey through the intricate rails of progress, exploring the current landscape and forecasting the future of railroads on a global scale.

Keyplayers:

Central Japan Railway Company,

SNCF Group,

Union Pacific Corporation,

OAO RZD (Russian Railways),

BNSF Railway,

Indian Railways,

Deutsche Bahn,

JSC Russian Railways,

CSX Corporation, and others.

Sample Report:https://www.econmarketresearch.com/request-sample/EMR00431/

The Renaissance of Railroads: Amidst the buzz of modern transportation, railroads are experiencing a renaissance. The efficiency, reliability, and eco-friendly nature of rail transport have rekindled interest, leading to strategic investments and innovative advancements. From the sleek lines of high-speed trains to the robust infrastructure supporting freight, the railroads market is witnessing a transformative resurgence.

Global Connectivity and Economic Impacts: Railroads are more than mere tracks; they are conduits of connectivity that crisscross continents. As nations invest in expanding and upgrading their rail networks, the market becomes a catalyst for economic growth. This section explores how the Railroads Market acts as a vital artery, facilitating trade, reducing congestion, and fostering sustainable development.

Ask for Discount:https://www.econmarketresearch.com/request-discount/EMR00431/

Technological Innovations Driving Efficiency: In the age of smart transportation, the Railroads Market is not immune to technological metamorphosis. From autonomous trains to predictive maintenance powered by AI, technology is enhancing efficiency and safety. We delve into the cutting-edge innovations that are reshaping the rail industry and elevating it to new heights of performance.

Challenges and Opportunities: While on the fast track to progress, the Railroads Market encounters its share of challenges. Competition from other modes of transportation, infrastructure bottlenecks, and regulatory hurdles pose obstacles. However, within challenges lie opportunities. This section assesses how the industry is adapting and capitalizing on these challenges to fuel sustained growth.

Sustainability and Environmental Impact: As the world gravitates towards sustainable practices, the Railroads Market takes center stage as an eco-friendly mode of transportation. With lower carbon emissions per ton-mile compared to other modes, rail transport plays a pivotal role in the global push for environmental conservation. We explore how the industry is aligning with sustainability goals and contributing to a greener future.

Railroads Market Report Segmentation

By Type

Rail Freight

Passenger Rail

By End Use

Mining

Construction

Agriculture

Others

By Geography

North America (USA,and Canada)

Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Gate Full Report:https://www.econmarketresearch.com/industry-report/railroads-market/

Conclusion: The Railroads Market is not just about trains and tracks; it's a dynamic force shaping the future of transportation and connectivity. As we traverse through this comprehensive overview, it becomes evident that the railroads' journey is far from over. With advancements in technology, strategic investments, and a commitment to sustainability, the Railroads Market is poised to redefine the way we move, connect, and thrive in the years to come.

#Railroads Market Growth

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world-logistics · 4 months

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How Long Does Air Freight from China Take?

Air freight is one of the fastest and most reliable ways to ship goods from China to anywhere in the world. Whether you need to import raw materials, finished products, or samples, air freight can help you save time and money while ensuring the quality and safety of your cargo. In this article, we will explore the growth and importance of air freight from China, the advantages of air freight over other shipping methods, the process of air freight shipping from China, the key players in the air freight industry, the factors affecting air freight shipping times from China, the challenges and solutions in air freight from China, the cost considerations in air freight shipping from China, and how to choose the right air freight partner for your business.

The Growth and Importance of Air Freight from China

China is the world’s largest exporter and the second-largest importer of goods. According to the World Bank, China exported $2.5 trillion worth of goods and imported $2.1 trillion worth of goods in 2019. A significant portion of these goods are shipped by air, especially those that are high-value, time-sensitive, perishable, or fragile. According to the International Air Transport Association (IATA), China accounted for 15.4% of the global air cargo market share in 2019, making it the second-largest air cargo market after the United States.

Air freight from China is important for many reasons. First, it enables faster and more efficient trade between China and its major trading partners, such as the United States, the European Union, Japan, and Southeast Asia. Air freight can reduce the transit time from weeks to days or even hours, which can improve the cash flow and inventory management of businesses. Second, it supports the development and innovation of various industries in China, such as e-commerce, electronics, pharmaceuticals, fashion, and automotive. Air freight can help these industries deliver their products to the global market faster and more securely, which can enhance their competitiveness and customer satisfaction. Third, it contributes to the economic growth and social development of China and its regions. Air freight can create jobs, generate revenue, and facilitate the movement of people and goods across the country and the world.

Advantages of Air Freight over Other Shipping Methods

Air freight has many advantages over other shipping methods, such as sea freight, rail freight, or road freight. Some of the main advantages are:

Speed: Air freight is the fastest way to ship goods from China to anywhere in the world. Depending on the destination, air freight can take as little as a few hours to a few days, while sea freight can take weeks or months, and rail or road freight can take days or weeks. For example, according to Freightos, the average transit time for air freight from China to the United States is 3 to 8 days, while the average transit time for sea freight is 20 to 40 days.

Reliability: Air freight is more reliable than other shipping methods, as it is less affected by weather, traffic, customs, or other delays. Air freight also has more frequent and flexible schedules, which can accommodate urgent or last-minute shipments. For example, according to the World Bank, the on-time delivery rate for air freight from China to the United States was 86% in 2018, while the on-time delivery rate for sea freight was 69%.

Security: Air freight is more secure than other shipping methods, as it has stricter security measures and less handling and exposure to theft, damage, or loss. Air freight also has better tracking and tracing capabilities, which can provide real-time information and visibility of the shipment status and location. For example, according to Cargo iQ, the average mishandling rate for air freight was 0.6% in 2019, while the average mishandling rate for sea freight was 1.5%.

Quality: Air freight can maintain the quality and freshness of the goods, especially those that are perishable, fragile, or sensitive to temperature, humidity, or pressure. Air freight can also provide specialized services and equipment, such as refrigerated containers, insulated packaging, or climate-controlled warehouses, to ensure the optimal conditions for the goods. For example, according to IATA, air freight transported 52 million metric tons of perishable goods, such as flowers, fruits, vegetables, seafood, and meat, in 2019.

The Process of Air Freight Shipping from China

The process of air freight shipping from China can vary depending on the type, size, and destination of the shipment, but it generally involves the following steps:

Preparation: The first step is to prepare the goods for air freight shipping, which includes packing, labeling, weighing, measuring, and documenting the goods. The goods should be packed securely and appropriately to avoid damage or loss during transit. The goods should also be labeled clearly and accurately with the necessary information, such as the sender, the receiver, the description, the quantity, the value, and the destination. The goods should also be weighed and measured to determine the chargeable weight and volume, which are used to calculate the shipping cost. The goods should also be accompanied by the relevant documents, such as the commercial invoice, the packing list, the air waybill, and the certificate of origin.

Booking: The next step is to book the air freight service with a reliable and reputable air freight partner, such as a freight forwarder, a carrier, or a broker. The air freight partner can help the shipper find the best flight, route, price, and service for their shipment. The air freight partner can also help the shipper with the customs clearance, the insurance, and the transportation of the goods to and from the airport.

Pickup: The third step is to arrange the pickup of the goods from the shipper’s location to the airport of origin. The pickup can be done by the air freight partner or by the shipper themselves, depending on the agreement and the service level. The pickup should be done in a timely and safe manner to avoid missing the flight or causing any damage or loss to the goods.

Departure: The fourth step is to load the goods onto the plane and depart from the airport of origin. The goods are usually loaded into unit load devices (ULDs), which are metal or plastic containers that can fit into the cargo hold of the plane. The goods are also scanned and checked by the airport security and customs before departure. The departure time and date are recorded and communicated to the shipper and the receiver by the air freight partner.

Transit: The fifth step is to transit the goods from the airport of origin to the airport of destination. The transit time and route can vary depending on the flight availability, the distance, the weather, and the possible stopovers or transfers. The goods are usually unloaded and reloaded at each stopover or transfer, which can increase the risk of delay, damage, or loss. The transit status and location of the goods are tracked and updated by the air freight partner.

Arrival: The sixth step is to unload the goods from the plane and arrive at the airport of destination. The goods are again scanned and checked by the airport security and customs upon arrival. The arrival time and date are recorded and communicated to the shipper and the receiver by the air freight partner.

Delivery: The final step is to deliver the goods from the airport of destination to the receiver’s location. The delivery can be done by the air freight partner or by the receiver themselves, depending on the agreement and the service level. The delivery should be done in a timely and safe manner to ensure the satisfaction and feedback of the receiver.

Key Players in the Air Freight Industry

The air freight industry is composed of various players, such as the exporters, the importers, the freight forwarders, the airlines, the customs, and the delivery agents. Each player has a different role and function in the air freight process, and they interact and cooperate with each other to ensure the smooth and successful completion of the air freight shipments. Some of the key players in the air freight industry are:

Exporters: Exporters are the companies or individuals that sell and ship their goods from China to the rest of the world by air. Exporters are responsible for preparing and providing their goods, documents, and information for the air freight shipments, and for paying the fees and charges for the air freight shipments. Exporters also have to comply with the laws and regulations of the origin and the destination countries, and to ensure the quality and the safety of their goods.

Importers: Importers are the companies or individuals that buy and receive their goods from China to the rest of the world by air. Importers are responsible for booking and arranging their air freight shipments, and for paying the fees and charges for the air freight shipments. Importers also have to comply with the laws and regulations of the origin and the destination countries, and to ensure the quality and the safety of their goods.

Freight Forwarders: Freight forwarders are the companies that specialize in arranging and managing the transportation of goods by air. Freight forwarders act as intermediaries between the exporters, the importers, the airlines, the customs, and the delivery agents, and they provide various services and solutions for the air freight shipments, such as booking, preparation, pick-up, flight, clearance, delivery, tracking, and insurance. Freight forwarders also have to comply with the laws and regulations of the origin and the destination countries, and to ensure the quality and the safety of the goods.

Airlines: Airlines are the companies that operate and provide the flights for the transportation of goods by air. Airlines are responsible for transporting and delivering the goods from the origin airport to the destination airport, according to the flight schedule and route. Airlines also provide various services and options for the air freight shipments, such as express, priority, economy, or charter. Airlines also have to comply with the laws and regulations of the origin and the destination countries, and to ensure the quality and the safety of the goods.

Customs: Customs are the authorities that regulate and control the import and export of goods by air. Customs are responsible for inspecting and clearing the goods at the origin and the destination countries, and for collecting and levying the taxes and duties for the import and export of the goods. Customs also have to enforce the laws and regulations of the origin and the destination countries, and to prevent the smuggling and the trafficking of illegal or prohibited goods.

Delivery Agents: Delivery agents are the companies or individuals that deliver the goods from the airport to the importer’s or the exporter’s location. Delivery agents are responsible for transporting and handling the goods from the airport to the final destination, and for providing the proof of delivery and the receipt of the goods. Delivery agents also have to comply with the laws and regulations of the destination country, and to ensure the quality and the safety of the goods.

Factors Affecting Air Freight Shipping Times from China

The time it takes to ship goods from China to the rest of the world by air can vary depending on various factors, such as the distance, the flight schedule, the service level, the customs clearance, and the delivery mode. Some of the main factors affecting air freight shipping times from China are:

Distance: The distance between the origin and the destination airports is one of the most obvious factors that affect the air freight shipping time from China. The longer the distance, the longer the flight time, and the longer the air freight shipping time. For example, shipping goods from China to the US by air can take about 10 to 15 hours of flight time, while shipping goods from China to Europe by air can take about 8 to 12 hours of flight time.

Flight Schedule: The flight schedule of the airline is another factor that affects the air freight shipping time from China. The flight schedule determines the frequency, the availability, and the timing of the flights for the air freight shipments. The more frequent, available, and timely the flights, the shorter the air freight shipping time. For example, shipping goods from China to the US by air can take about 2 to 3 days of total time, if there are daily direct flights, while shipping goods from China to Europe by air can take about 3 to 5 days of total time, if there are only weekly indirect flights.

Service Level: The service level of the airline is another factor that affects the air freight shipping time from China. The service level determines the priority, the speed, and the cost of the air freight shipments. The higher the service level, the higher the priority, the speed, and the cost of the air freight shipments. For example, shipping goods from China to the US by air can take about 1 to 2 days of total time, if the service level is express, while shipping goods from China to Europe by air can take about 4 to 6 days of total time, if the service level is economy.

Customs Clearance: The customs clearance of the origin and the destination countries is another factor that affects the air freight shipping time from China. The customs clearance determines the inspection, the documentation, and the taxation of the air freight shipments. The faster and smoother the customs clearance, the shorter the air freight shipping time. For example, shipping goods from China to the US by air can take about 1 to 2 days of customs clearance time, if the goods are pre-cleared and duty-paid, while shipping goods from China to Europe by air can take about 2 to 4 days of customs clearance time, if the goods are subject to inspection and taxation.

Delivery Mode: The delivery mode of the destination country is another factor that affects the air freight shipping time from China. The delivery mode determines the transportation and the handling of the goods from the airport to the final destination. The faster and more direct the delivery mode, the shorter the air freight shipping time. For example, shipping goods from China to the US by air can take about 1 to 2 days of delivery time, if the delivery mode is door-to-door, while shipping goods from China to Europe by air can take about 2 to 4 days of delivery time, if the delivery mode is airport-to-airport.

Challenges and Solutions in Air Freight from China

Air freight from China faces some challenges and limitations, such as cost, capacity, regulations, and environmental impact. These challenges and limitations can affect the efficiency, the effectiveness, and the sustainability of the air freight shipments. However, there are also some solutions and opportunities to overcome these challenges and limitations, such as technology, innovation, cooperation, and optimization. Some of the main challenges and solutions in air freight from China are:

Cost: Cost is one of the biggest challenges in air freight from China, as it is much more expensive than other shipping methods, such as sea freight, rail freight, or road freight. The cost of air freight from China depends on various factors, such as the weight, the volume, the distance, the service level, the fuel surcharge, the security surcharge, the handling fee, the insurance fee, and the taxes and duties. The cost of air freight from China can be reduced by some solutions, such as reducing the weight and the volume of the goods, choosing the best service level and the flight schedule, negotiating the best rate and the surcharge, consolidating the goods with other shipments, and pre-clearing and pre-paying the taxes and duties.

Capacity: Capacity is another challenge in air freight from China, as it is limited by the availability and the size of the planes, the airports, and the slots. The capacity of air freight from China can be affected by various factors, such as the demand, the supply, the season, the weather, the pandemic, and the disruption. The capacity of air freight from China can be increased by some solutions, such as increasing the frequency and the size of the flights, expanding and upgrading the airports and the slots, diversifying and optimizing the routes and the hubs, and using the charter or the cargo-only flights.

Regulations: Regulations are another challenge in air freight from China, as they are complex and diverse across different countries and regions. The regulations of air freight from China can affect the compliance, the documentation, and the taxation of the air freight shipments. The regulations of air freight from China can be followed by some solutions, such as understanding and complying with the laws and the standards of the origin and the destination countries, preparing and providing the necessary documents and information for the air freight shipments, and using the professional and reliable freight forwarders and customs brokers.

Environmental Impact: Environmental impact is another challenge in air freight from China, as it is one of the most polluting and carbon-intensive modes of transportation. The environmental impact of air freight from China can affect the sustainability, the reputation, and the social responsibility of the air freight shipments. The environmental impact of air freight from China can be reduced by some solutions, such as using the more fuel-efficient and less noisy planes, reducing the weight and the volume of the goods, choosing the shortest and the most direct routes and flights, and offsetting the carbon emissions and the environmental footprint of the air freight shipments.

Cost Considerations in Air Freight Shipping from China

The cost of air freight shipping from China is one of the most important considerations for the exporters and the importers, as it can affect the profitability, the competitiveness, and the customer satisfaction of their businesses. The cost of air freight shipping from China depends on various factors, such as the weight, the volume, the distance, the service level, the fuel surcharge, the security surcharge, the handling fee, the insurance fee, and the taxes and duties. The cost of air freight shipping from China can be calculated by some methods, such as the chargeable weight, the dimensional weight, the volumetric weight, and the actual weight. Some of the main cost considerations in air freight shipping from China are:

Chargeable Weight: Chargeable weight is the weight that is used to calculate the freight rate for the air freight shipments. Chargeable weight is usually the higher of the actual weight and the dimensional weight of the goods. Actual weight is the weight of the goods as measured by a scale. Dimensional weight is the weight of the goods as calculated by a formula that considers the length, the width, and the height of the goods. The formula for dimensional weight is: length x width x height / 6000 (in cm and kg) or length x width x height / 366 (in inches and lbs). For example, if the actual weight of a shipment is 100 kg, and the dimensional weight of the shipment is 120 kg, then the chargeable weight of the shipment is 120 kg.

Fuel Surcharge: Fuel surcharge is the surcharge that is added to the freight rate to cover the cost of the fuel for the air freight shipments. Fuel surcharge is usually a percentage of the freight rate, and it can vary depending on the fuel price, the currency exchange, and the airline policy. Fuel surcharge is usually updated monthly or weekly by the airlines, and it can be found on their websites or their newsletters. For example, if the freight rate of a shipment is $5 per kg, and the fuel surcharge is 20%, then the total cost of the shipment is $6 per kg.

Security Surcharge: Security surcharge is the surcharge that is added to the freight rate to cover the cost of the security measures and controls for the air freight shipments. Security surcharge is usually a fixed amount per shipment or per kg, and it can vary depending on the security level, the destination, and the airline policy. Security surcharge is usually updated periodically by the airlines, and it can be found on their websites or their newsletters. For example, if the freight rate of a shipment is $5 per kg, and the security surcharge is $0.5 per kg, then the total cost of the shipment is $5.5 per kg.

Handling Fee: Handling fee is the fee that is charged by the freight forwarder or the airport for the handling and loading of the goods for the air freight shipments. Handling fee is usually a fixed amount per shipment or per kg, and it can vary depending on the weight, the volume, the type, and the destination of the goods. Handling fee is usually quoted by the freight forwarder or the airport, and it can be found on their invoices or their contracts. For example, if the chargeable weight of a shipment is 100 kg, and the handling fee is $10 per shipment, then the total cost of the shipment is $10.

Insurance Fee: Insurance fee is the fee that is paid by the exporter or the importer to insure their goods against the risk of damage, loss, or theft during the air freight shipments. Insurance fee is usually a percentage of the value of the goods, and it can vary depending on the value, the type, and the destination of the goods. Insurance fee is usually optional, but highly recommended, and it can be arranged by the exporter, the importer, the freight forwarder, or the insurance company. For example, if the value of a shipment is $10,000, and the insurance fee is 1%, then the total cost of the shipment is $100.

Taxes and Duties: Taxes and duties are the taxes and duties that are levied by the customs of the origin and the destination countries for the import and export of the goods by air. Taxes and duties are usually a percentage of the value of the goods, and they can vary depending on the value, the type, and the origin of the goods. Taxes and duties are usually mandatory, and they can be paid by the exporter, the importer, the freight forwarder, or the customs broker. For example, if the value of a shipment is $10,000, and the taxes and duties are 10%, then the total cost of the shipment is $1,000.

How to Choose the Right Air Freight Partner for Your Business

Choosing the right air freight partner for your business is one of the most critical decisions for the success and the satisfaction of your air freight shipments from China. Choosing the right air freight partner for your business can affect the quality, the speed, the reliability, and the cost of your air freight shipments from China. Choosing the right air freight partner for your business can also affect the reputation, the relationship, and the trust of your business with your customers and suppliers. Some of the main factors to consider when choosing the right air freight partner for your business are:

Experience: Experience is one of the most important factors to consider when choosing the right air freight partner for your business, as it reflects the knowledge, the skills, and the reputation of the air freight partner. Experience can be measured by the years, the volume, and the types of the air freight shipments that the air freight partner has handled from China. Experience can also be verified by the references, the testimonials, and the reviews of the previous and current customers of the air freight partner. The more experienced the air freight partner is, the more likely they are to provide the best service and solution for your air freight shipments from China.

Network: Network is another important factor to consider when choosing the right air freight partner for your business, as it reflects the coverage, the availability, and the flexibility of the air freight partner. Network can be measured by the number, the location, and the quality of the airlines, the airports, the hubs, and the agents that the air freight partner has access to and cooperates with from China. Network can also be verified by the frequency, the capacity, and the options of the flights and the services that the air freight partner can offer and arrange for your air freight shipments from China. The more extensive and diverse the network of the air freight partner is, the more likely they are to provide the best flight and service for your air freight shipments from China.

Price: Price is another important factor to consider when choosing the right air freight partner for your business, as it reflects the cost, the value, and the competitiveness of the air freight partner. Price can be measured by the rate, the surcharge, the fee, and the tax that the air freight partner charges and quotes for your air freight shipments from China. Price can also be verified by the invoice, the contract, and the breakdown of the cost and the charge of the air freight partner for your air freight shipments from China. The more reasonable and transparent the price of the air freight partner is, the more likely they are to provide the best value and benefit for your air freight shipments from China.

Service: Service is another important factor to consider when choosing the right air freight partner for your business, as it reflects the quality, the speed, and the reliability of the air freight partner. Service can be measured by the booking, the preparation, the pick-up, the flight, the clearance, the delivery, the tracking, and the insurance that the air freight partner provides and manages for your air freight shipments from China. Service can also be verified by the communication, the feedback, and the support that the air freight partner offers and maintains for your air freight shipments from China. The more professional and responsive the service of the air freight partner is, the more likely they are to provide the best satisfaction and convenience for your air freight shipments from China.

GET A CHEAP CHINESE AIR SHIPPING AGENT

#china freight forwarder #china supplier #china supply chain #logistics #air freight #freight

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delvenservices · 10 months

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Intelligent Transportation System to reach $68 billion by 2026!

Intelligent Transportation System Market with COVID-19 Impact Analysis, by Offering, System (Advanced Traffic Management Systems, ITS-enabled Transportation Pricing Systems, and Others), Application, and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

The global ITS market is expected to grow from USD 42.2 billion in 2021 to USD 68.0 billion by 2026, at a CAGR of 10.0% from 2021 to 2028.

The intelligent transportation system market refers to the application of innovative communication and information technologies in traffic and transportation system operations to enhance driver experience in a myriad of different ways. In other words, the ITS market is essentially any mode of transportation that involves intelligent communication technologies. ITS is part of the Internet of Things and includes both wireless and wireline communication-based information.

Government efforts to ensure road and public safety, increased need to reduce traffic congestion, favourable government initiatives for effective traffic management, high adoption of eco-friendly automobile technology, and rapid development of smart cities globally are some of the factors that have supported long-term expansion for Intelligent Transportation System Market.

The ITS market includes major Tier I and II suppliers such as Thales Group (France), Siemens (Germany), Kapsch TrafficCom (Austria), Conduent, Inc. (US), Cubic Corporation (US), and so on. These suppliers have their manufacturing facilities spread across various countries across North America, Europe, APAC, and RoW. COVID-19 has impacted their businesses as well.

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Report Scope

Intelligent Transportation System Market is segmented into material, system, application (roadways, railways, aviation, maritime) and region.

On the basis of Material Offering

hardware

software

services

On the basis of System

ATMS

ATIS

ITPS

APTS

CVO

On the basis of Application – Roadways

Intelligent Traffic Control

Collision Avoidance

Parking Management

Passenger Information Management

Ticketing Management

Emergency Vehicle Notification

Automotive Telematics

Fleet Management and Asset Monitoring

On the basis of Application – Railways

Rail-running Operation and Collision Avoidance

Passenger Information Management

Smart Ticketing

Security & Surveillance

Emergency Notification

On the basis of Application – Aviation

Security & Surveillance

Shuttle Bus Tracking

Traveler Information Management

Smart Ticketing

Aircraft Management

Emergency Notification

On the basis of Application – Maritime

Freight Arrival & Transit

Real-time Wheather Information Tracking

Container Movement Scheduling

Emergency Notification

On the basis of Region

Asia Pacific

North America

Europe

South America

Middle East & Africa

Regional Analysis

APAC is expected to register the highest growth in the ITS market during the forecast period. The increasing number of megacities and growing population in developing countries have increased the deployment of ITS in countries such as China, Japan, Australia, and Rest of APAC.

Key Players

Thales Group

Siemens

Kapsch TrafficCom

Conduent, Inc.

Cubic Corporation

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Recent Developments

In September 2021, Siemens has signed a contract with the National Authority for Tunnels (NAT) to deliver a comprehensive rail system that will feature the first-ever high-speed, electrified main, and freight rail line transforming Egypt’s transportation. Siemens Mobility will provide its comprehensive turnkey services to design, install, commission, and maintain the systems for 15 years. The total contract value is approximately USD 4.5 billion, of which Siemens Mobility’s share is around USD 3 billion.

In June 2021, Kapsch TrafficCom announced that it had received a project from Plenary Infrastructure Group (Australia) to install a new toll collection system at the Louisiana Highway (LA-1) for the Louisiana Department of Transportation and Development (LADOTD). The project is an amendment to Kapsch’s existing contract with Plenary, where Kapsch is providing an end-to-end all-electronic tolling system and related maintenance services for a major bridge and tunnel replacement in Belle Chasse, Louisiana.

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Gain authentic and granular data access for Intelligent Transportation System Market so as to understand the trends and the factors involved behind changing market situations

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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efrost · 1 year

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Railway Infrastructure Market is Booming Worldwide | Gaining Revolution In Eyes of Global Exposure

A Latest intelligence report published by AMA Research with title "Global Railway Infrastructure Market Outlook to 2027. This detailed report on Railway Infrastructure Market provides a detailed overview of key factors in the Global Railway Infrastructure Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development.

Railway Infrastructure is the foundation which supports the railway transport system which connects railway stations, airports, and others public transport networks. The importance of railway infrastructure is vital in social and economic development of a country as it continues to be one of the major source of transportation. Lately, it has been observed that various countries are privatizing their railway infrastructure which in turn offer huge opportunity for companies involved in developing railway infrastructure.

Major Players in this Report Include are

ABB (Switzerland)

Akebono Brake (Japan)

Alstom (France)

Hitachi (Japan)

Kansas City Southern Railway Company (United States)

Union Pacific Railroad (United States)

BNSF Railway (United States)

Canadian Pacific Railway (Canada)

American Railcar Industries (United States)

CAF (Spain)

Canadian National Railway (Canada)

FreightCar America (United States)

GATX Corporation (United States)

Central Japan Railway (Japan)

Bombardier (Canada)

China Communications Construction (China)

China Railway Construction (China)

Delachaux (France)

East Japan Railway (Japan)

BLS Cargo AG (Switzerland)

Faiveley Transport (France)

China South Locomotive & Rolling Stock (China)

China Railway Group (China)

CSX Corporation (United States)

Guodian Nanjing Automation (China) Market Drivers: Rapid Globalization Led to Rise in Demand for Rail Networks

Growing Need to Revive the Existing Rail Infrastructure

Market Trend: Stringent Fuel Economy Norms in Developed Region

Opportunities: Growing Demand for Cleaner and Faster Mode of Transportation

Privatization of Railway in Leading Asia Pacific Countries

The Global Railway Infrastructure Market segments and Market Data Break Down by Type (Locomotive (Diesel Locomotive, and Electric Locomotive), Rapid Transit (Diesel Multiple Unit (DMU), Electric Multiple Unit (EMU), Light Rail/Tram,and Metro/Subway), Railroad Cars (Passenger Coach and Freight Wagon)), Application (High-Speed Rail, Common-Speed Rail), Infrastructure (Rail Network, New Track Investment, Maintenance Investment)

Geographically World Railway Infrastructure markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Global Railway Infrastructure markets will drive growth in the North American market over the next few years.

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sanemyamen · 1 year

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Digital Freight Forwarding Market Detailed Strategies, Competitive Landscaping and Developments for next 5 years

The Latest Released market study on Global Digital Freight Forwarding market provides information and useful stats on market structure, size and trends. The report is intended to provide cutting-edge market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Besides, the report also identifies and analyses changing dynamics, emerging trends along with essential drivers, challenges, opportunities and restraints in Digital Freight Forwarding market. What’s keeping C.H. Robinson Worldwide, Inc. (United States),FedEx Corp. (United States),J.B. Hunt Transport Services Inc. (United States),Kuehne + Nagel International AG (Switzerland),Penske Truck Leasing Co. LP (United States),United Parcel Service Inc. (United States),XPO Logistics Inc. (United States),TNT Logistics (Netherlands),Wilson Logistics Group (United States),Nippon Express (United States),Keep Growing in the Market? Benchmark yourself with the strategic moves and latest Market Share and Sizing of Global Digital Freight Forwarding market recently published by AMA

Digital freight forwarding offers various benefits such as better buying experience for customers, increased traceability, improved documentation management, and integration with existing platforms. It can tackle various challenges and even reduce the need to speak to someone in person. Digital freight forwarding also involves advanced technologies and services for logistics value chain. These benefits over traditional freight forwarding is increasing the usage by various players which is fueling the market growth.

The Digital Freight Forwarding Market segments and Market Data Break Down by Components (Solutions, Services), Technology (Augmented Reality, Robotics, Autonomous Logistics, Digital platforms, Big data analytics, Others), Mode (Rail Freight, Road Freight, Ocean Freight, Air Freight), End User (Third-Party Logistics (3PLs), Forwarders, Brokers, Shippers, Carriers)

On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.

What’s Trending in Market : Technological Enhancements in Logistics

Market Challenges: Lack of Skilled Professionals

Market Opportunities: Innovations in Data Analytics and ERP

Increasing Penetration of Technology and Reliance on It

Highlights of Influencing Drivers: Benefits Such as Improved Customer Experience, Easy Tracking, and Others

Growing E commerce Industry

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AMA Research & Media LLP

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imr-riya · 1 year

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Locomotive Market - Growth, Trends, Covid-19 Impact, and Forecast (2022 - 2028)

The Locomotive Market size is projected to reach USD 29.62 billion by 2028 from an estimated USD 16.67 billion in 2021, growing at a CAGR of 8.56% globally.

A locomotive is a powered rail transport vehicle that powers a train without payload capacity and its use is solely to pull the train along the railroad tracks. But nowadays, push-pull operations are becoming more common, with locomotives behind, in front of, or at both ends of the train. Electric locomotives are preferred because of their high performance, low maintenance, and energy costs, and low levels of pollution. In the foreseeable term, increased urbanization, traffic congestion, expanding environmental concerns, and technology improvements are expected to fuel locomotive demand. Governments are actively participating in the market to construct railways, which are the cheapest and safest mode of transportation which further boosts the growth of the locomotive Market.

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The global Locomotive market research investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Locomotive market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Locomotive Market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Locomotive market trends, major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts.

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Key Industry Players in Locomotive Market:

· Strukton

· Alstom

· AEG Power Solutions B.V.

· Siemens

· TOSHIBA CORPORATION

· CRRC

· Hitachi Ltd.

· Bombardier

· Bharat Heavy Electricals Limited

· Wabtec Corporation

· Metso Corporation

· Brookville Equipment Corporation and other major players.

The Global Locomotive market Report provides In-depth analysis on the market status of the Locomotive Top manufacturers with best facts and figures, meaning, Definition, SWOT analysis, PESTAL analysis, expert opinions and the latest developments across the globe, the Locomotive Market Report contains Full TOC, Tables and Figures, and Chart with Key Analysis, Pre and Post COVID-19 Market Outbreak Impact Analysis and Situation by Regions.

Segmentation Analysis Includes,

By Type:

· Rigid

· Semi-rigid

· Flexible

By Motive Power:

· Gas Turbine Electric

· Steam Diesel Hybrid

· Diesel

· Atomic Electric

· Steam

· Others

By Application:

· Passenger

· Freight

· Switcher Locomotives

By Region:

· North America (U.S., Canada, Mexico)

· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

· South America (Brazil, Argentina, Rest of SA)

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key questions answered in this report:

· Who are the global key manufacturers of the Locomotive Industry?

· What are the Locomotive market opportunities and threats faced by the vendors in the global Locomotive Industry?

· What focused approach and constraints are holding the Locomotive market?

· What are the key market trends impacting the growth of the Locomotive market?

· What are the market opportunities, market risk, and market overview of the Locomotive market?

· What is the Locomotive market size at the regional and country-level?

We have been following the straight effect of COVID-19 on this market, as well as the circuitous effect from different industries. This report investigates the effect of the pandemic on the Locomotive market from a Global and Regional point of view. The report frames the market size, market appearances, and market development for Locomotive industry, ordered by type, application, and consumer area. Likewise, it gives an extensive examination of perspectives engaged with market improvement when the Covid-19 pandemic.

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COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Related Report: -

https://introspectivemarketresearch.com/reports/bullet-train-and-high-speed-rail-market/

https://introspectivemarketresearch.com/reports/railway-traction-motors-market/

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Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assisting our clients to grow and have a successful impact on the market. Our team at IMR is ready to assist our clients to flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, that specializes in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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#Global Locomotive Market Locomotive Market Size Locomotive Market Share Locomotive Market Growth Locomotive Market Trend Locomotive

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sueheaven · 1 year

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Freight Forwarding Market to Observe Strong Growth to Generate Massive Revenue in Coming Years

A Latest intelligence report published by AMA Research with title "Global Freight Forwarding Market Outlook to 2027. This detailed report on Freight Forwarding Market provides a detailed overview of key factors in the Global Freight Forwarding Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development.

Freight transportation can be defined as all activities to move commodities. These activities include transportation by trucks, aircraft, ships, barges, railways, and related logistics activities such as handling and storage. According to the expertise, â€œOcean Freight Forwarding to witness high growth through the forecast period. the Ocean Freight Forwarding market size will reach USD 152145 million by 2025, from USD 99800 million in 2019.â€ In 2019, the total mail volume delivered by the United States postal service alone was over 142.5 Billion units. The export value of U.S.-NAFTA air freight flows in 2019 amounted to almost 21.8 US Dollars. According to American trucking associations, â€œTruck moved almost 11 Billion tons for freight in 2017.â€ The booming e-commerce market and the growth in international trade volumes is a major driver for the freight forwarding market. New trade corridors between Asia and Africa, Asia, and South America and within Asia will re-chart global supply chains. Trade volumes will shift towards emerging markets and least developed countries will take their first steps into the global marketplace. Emerging markets provide outstanding opportunities for logistics service providers, both in terms of overall growth rates and in response to rapidly changing market trends. The impact of Covid-19 has amplified pre-existing troubles in freight forwarding. According to reserch, global freight forwarding market could contract by 7.5% in 2020 as a result of the crisis.

Major Players in this Report Include are:

Kuehne + Nagel [Switzerland]

DHL Group [Germany]

DB Schenker Logistics [Germany]

C.H.Robinson [United States]

CEVA Logistics [United Kingdom]

DACHSER Germany)

GEODIS [France]

DSV [Denmark]

Sinotrans Limited (China)

Panalpina [Switzerland]

Expeditors [United States]

Nippon Express [Japan]

Pantos Logistics [South Korea]

Agility Logistics [Switzerland] Market Drivers: High Demand for Cost Effective Shipping

Ability to Provide Quick Logistics Solution Market Trend: Rising Demand For Integrated Service

Shift Towards Ocean Freight Industry from Air Freight Industry Opportunities: Rising Cross Border Trade Activities

Economic Growth in Emerging Countries

The Global Freight Forwarding Market segments and Market Data Break Down by Application (Industrial and Manufacturing, Retail, Healthcare, Media & Entertainment, Military, Oil & Gas, Food & Beverages, Others (Agro Commodities, Government and Public Utilities, & Fertilizer, Jewelry, etc.)), Services (Freight Transportation, Warehousing, Documentation, Packaging, Insurance, Others (Value Added Services â€“ Custom Clearance, Inventory Management etc.)), Type of Freight Forwarders (Consolidators, Multimodal transport operator, Customer Broker, Port Agent, Air Freight Agent, Loading Brokers, Others), Mode of Transportation (Road, Waterways, Rail, Air), Customer Type (B2C, B2B)

Geographically World Freight Forwarding markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Global Freight Forwarding markets will drive growth in the North American market over the next few years.

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AMA Research & Media LLP

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researchvishal · 1 year

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Railway System Market Latest Advancements And Business Opportunities up to 2033

The railway system market is valued at US$ 28,278.1 million as of 2023. The market is expected to advance at a CAGR of 4.8% during the forecast period. By 2033, the market is expected to cross an estimate of US$ 45,192.2 million.

Key Takeaways:

The railway system market is holding a valuation of US$ 28,278.1 million in 2023.

The market is expected to surge at a CAGR of 4.8% during the forecast period.

By 2033, the market might reach a valuation of US$ 45,192.2 million.

Based on the regional analysis, North America is expected to be the largest market during the forecast period.

USA market has a share of 21.8%.

Germany market has a share of 4.4%.

Japan market has a share of 5.7%.

Australia market has a share of 1.3%.

China market is expected to grow at a CAGR of 5.7%.

India Market is expected to grow at a CAGR of 7.1%.

UK market is expected to grow at a CAGR of 4.1%.

Based on the application, the passenger transportation currently has the largest market share of 64.8%.

For more information: https://www.futuremarketinsights.com/reports/railway-system-market

Competitive Landscape:

The key players operating in the railway system market are investing on profitable mergers and acquisitions. Apart from that, there are also massive investments being made on the R&D. Furthermore, the key players are also appointing some of the veterans who have not only served this niche, but related niches as well. Moreover, the manufacturers are also taking important steps to work on the sustainability goals.

In December 2022, Alstom had announced that it would be supplying an additional 49 Coradia Stream trains to Renfe in Spain.

Global urbanisation is accelerating, which has increased discretionary income. This has encouraged many people to start purchasing their own cars, which has increased traffic congestion. As a result, people in the workforce, especially, have begun using services like metro lines and electric trains. This could result in a rise in demand for railroad infrastructure during the forecast era.

Additionally, governments all over the globe are spending enormous sums of money upgrading the rail infrastructure. This is primarily due to an increase in freight transit. Additionally, the use of railroads is consistent with the use of sustainable energy sources. Many economies are placing a focus on "Green Transportation." Since the investors would concentrate on electrifying railway transportation, this would eventually result in a rise in the use of railways. This would result in the decrease of greenhouse gases.

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Apart from that, even if the railways make use of fuel, the fuel consumption is way less as compared to airlines. In addition to that, the load capacity associated with railways is way higher than the airlines. Thus, the market might witness surge in the number of investors.

With the implementation of the internet of trains, the railway system industry is anticipated to experience a renaissance in the truest sense. The internet of trains provides everything on a silver platter, whether it be dependability, safety, or maintenance. In addition, it has the capacity to collaborate with AI, which would further revolutionise the market in the future. All of these elements are anticipated to increase railway system sales during the anticipated time.

However, massive investment, and long time to recover the invested amount are expected to challenge the market growth.

Thus, from the insights obtained from FMI analysts, it can be inferred that “surging urbanisation, increased government initiatives, application of internet of trains, and a number of other factors are expected to surge the market growth of railway system during the forecast period.”

Top Key Players are: ABB, Alstom, Hyundai Rotem, CRRC, Siemens, Thermo King, Knorr Bremese, Mitsubishi Heavy Industries, Toshiba, and Hitachi.

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latestmarketblogupdates · 1 year

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Connected Rail Market - Forecast 2022 - 2027

Connected Rail Market Overview

The Connected Rail market size is forecast to reach $115.2 billion by 2027, growing at a CAGR of 5.8% from 2022 to 2027. Increasing deployment of advanced technologies like IoT in railway industry for serving applications in train tracking, automated fare collection system, passenger information system and so on, rising passenger traffic, as well as increased emphasis on installation of smart railway systems, have been driving the growth of connected rail industry. With adoption of wireless connectivity, ethernet switches and digital signage within the rail industry, the need for offering modernized and optimized passenger experiences have been also catering to the market demand for connected rail systems. In addition, the growing adoption of communication-based train control for automating traffic management and infrastructure control along with governmental initiatives towards increasing rail connectivity and operational efficiency of train operations is assisting its market growth. Such factors are set to accelerate the growth of connected rail market in the long run.

Report Coverage

The report: “Connected Rail Market Outlook – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Connected Rail Market industry.

By Type: Passenger Mobility (Wi-Fi Devices, On Board Entertainment), Passenger Information System (Information Announcement System, Rail Display Systems), IP Video Surveillance, Automated Fare Collection System, Train tracking and Monitoring System, Predictive Maintenance, Freight Management System (Freight Operation Management, Freight Tracking) and Others By Signalling System: Positive Train Control (PTC), Automated/Integrated Train Control (ATC) and Communication/Computer Based Train Control (CBTC) By Rolling stock: Diesel Locomotive, Electric Locomotive, DMU (Diesel Multiple Unit), EMU (Electric Multiple Unit), Light Rail/Tram Car, Subway/Metro Vehicle, Passenger Coach and Freight Wagon. By Geography: North America (U.S, Canada, Mexico), Europe (U.K, Germany, France, Italy, Spain, Others), APAC (China, Japan India, South Korea, Australia, Others), South America (Brazil, Argentina, Others), RoW (Middle East, Africa)

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Key Takeaways

Passenger Information System is analyzed to grow with the highest CAGR in the connected rail market during the forecast period 2022-2027, due to rising emphasis on providing real-time transit information to passengers, shift towards smart public transportation, and so on. Connected Rail for Freight Wagons is analyzed to witness the fastest growth during 2022-2027, owing to government mandates for increasing last-mile trade connectivity for trade along with significant investments on logistic infrastructures. Connected rail Market in North America is anticipated to grow during the forecast period 2022-2027 owing to the rising investment towards digital transformation of railway infrastructures, growing emphasis on R& D activities on connected rail solutions and so on. Increasing deployment of advanced technologies like IoT in railway industry along with government initiatives towards increasing rail connectivity and operational efficiency of train operations is analyzed to significantly drive the market growth of connected rail during the forecast period 2022-2027.

Connected Rail Market Segment Analysis- By Type

Passenger Information System is analyzed to grow with the highest CAGR of 7.1% in the Connected Rail Market during the forecast period 2022-2027. Growing emphasis by rail authorities towards providing real-time transit information for passengers, shift towards smart public transportation, along with increased efforts on improving passenger experience have been attributing to the market growth. Increasing R&D activities towards passenger information systems, growing adoption of integrated passenger information systems by railway operators, alongside significant demand for trains offering live arrival, destination and path crossed related information can also fuel the market growth forward. In January 2022, Siemens Mobility in collaboration with a Vienna based public transit network operator, Wiener Linien had revealed about the launch of an innovative passenger information and guidance system, for the Vienna metro system. This was meant to provide dynamic as well as visual presentation of information in the metro car, thus ensuring easier and more convenient mass transit within the city. Such factors are set to accelerate the market demand towards passenger information system in the long run.

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Connected Rail Market Segment Analysis- By Rolling stock

Freight Wagon is analyzed to witness the fastest growth with a CAGR of 6.3% in the Connected Rail market during 2022-2027. Government mandates for increasing last-mile trade connectivity, along with rising number of investments towards expanding rail networks for logistic operations have been attributing to its market growth. Additionally, growing demand for cheaper modes of transport like railways for supply chain activities alongside governmental initiatives to support railways through free trade agreements can also cater to the market demand for connected rail. Moreover, rising construction or upgradation projects related to freight infrastructure, as well as increased integration of wireless technologies within freight wagons to ensure real-time tracking and monitoring, will further drive the market growth forward. In February 2022, Indian Railways had revealed its plan on equipping the rolling stock of freight wagons with GPS, for monitoring their real-time movement as well as provide information to the parties booking the wagons. Furthermore, the railways announced that around 600 crore will be allocated for this project completion, with plans of system installation only in the wagons being used on the dedicated freight corridors during the initial phase. Such factors are set to accelerate the market demand for freight wagons having connected rail capabilities in the long run.

Connected Rail Market Segment Analysis- By Geography

North America region dominated the global connected rail market with a share of around 37% in 2021, attributed to rising investment towards digital transformation of railway infrastructures, growing emphasis on R& D activities on connected rail solutions and so on. In addition to this, governmental regulations or initiatives towards ensuring passenger safety, growing adoption of rail transport, as well as significant focus of railway authorities to provide advanced and modernized passenger services will drive the market forward. Moreover, increasing utilization of advanced technologies like internet of things (IoT), artificial intelligence (AI) and many others to conduct predictive maintenance, rising rail fatalities, shift towards smart railways, growing investment on modernizing railway infrastructures overtime can also assist the market growth in the region. In May 2022, Slalom and Kawasaki Heavy Industries have collaborated in order to jointly develop a rail track maintenance support service, starting with deployment in the North American markets. This is meant to support safe as well as secure operation of rail mobility through leveraging advanced IoT, machine learning and AI capabilities for providing value-added services to freight rail operators. Such factors can be considered essential in driving the market growth of connected rail within North American region.

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Connected Rail Market Drivers

Increasing deployment of advanced technologies like IoT in railway industry is positively impacting the market growth of connected rail:

Increasing deployment of advanced technologies like IoT in railway industry can be considered as a major factor driving the market growth of connected rail. Adoption of IoT sensors helps in increasing operational efficiency, reducing congestion as well as enhance predictive or preventive maintenance services, thus impacting its market growth. With the rapid rise in accidents or fatalities in railway transport, the need to gain real-time insights regarding rail lines, weather conditions, and so on, have become highly essential. Factors like growing emphasis on data analytics by train operators, increasing need for improving mobility, high usage of telemetry systems and so on have been attributing to the market growth. In the recent years passenger rail services in Japan have become more efficient spanning around 27,000 km. With the integration of IoT in railways, Japan have emerged as one of the most utilized, punctual and least subsidized railway circuit across the world. In November 2020, Bombardier Rail Control Solutions announced about the launch of a digital service, named EBI Sense, capable of delivering predictive maintenance for railway signalling. This service leverages IoT, cloud and machine learning for converting asset performance data into maintenance data through wireless sensors installed on railways, thus making it an ideal choice for widely distributed rail systems. Such factors are set to accelerate the market growth of connected rail market in the long run.

Government initiatives towards increasing rail connectivity and operational efficiency of train operations will drive the market forward:

Government initiatives towards increasing rail connectivity and operational efficiency of train operations can also be considered as one of the prime factors boosting the growth of connected rail market. Governmental efforts towards improving interstate or intrastate railway transportation facilities, significant funding or investment towards utilization of advanced technologies for enhancing railway digitalization, as well as increased emphasis on conducting proper monitoring and inspection of railway tracks have been driving the market growth. Additionally, the growing installation of Wifi, CCTV cameras, and so on for improving rail infrastructures, modernization of existing railway facilities with digital technologies, and many others can further cater to its market growth. In June 2021, Indian Railways had revealed that 6001 railway stations have been provided Wifi facility under the government’s Wifi programme. Additionally, the Railway Ministry had further announced the extension of its Wifi facility for more 102 stations in the coming time as a part of connecting passengers as well as general public through digital systems. In April 2022, Etihad Rail has revealed about completion of construction of 264km of railway link between Abu Dhabi and Dubai. The network is 75% of stage 2 of the UAE national rail network, making it one of the largest infrastructure projects in the region. These factors can be considered highly essential in boosting the market growth of connected rail overtime.

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Connected Rail Market Challenges

Security and data privacy concerns associated with connected rail is hampering the market growth:

Data safety and security threats associated with the connected rail act as a major factor restraining the market growth towards connected rail. Sensors, GPS systems and many other connectivity devices have been highly utilized within railways, making it vulnerable to cyberattacks, causing potential threat to passenger security and privacy. Through dependency on connected technology, there is access to passengers' data, which in turn can impact passengers' safety, alongside contributing to accidents, through unauthorized driving access. In a move towards protecting passenger personal information, varied governmental authorities have mandated the need for system operators in public transit to meet cybersecurity-imposed regulations. Due to the rising complexities of cybercrimes related to data hacking, frauds and so on, the demand towards connected rail solutions is advancing at a slower pace. In July 2021, UK’s Northern Railway had revealed about facing a ransomware attack on its self-ticketing terminals, thus making the system turn offline. However, the British government further stated about working with the system supplier to investigate the situation and mitigate the issue at the earliest. These factors have been eventually hampering the market growth towards connected rail.

Connected Rail Market Landscape Product launches, acquisitions and R&D activities are key strategies adopted by players in the Connected Rail Market. The Connected Rail Market top 10 companies include:

Huawei Technologies Co. Ltd. Siemens AG Hitachi Limited Wabtec Corporation Trimble, Inc. Robert Bosch GmbH Cisco Systems, Inc. Nokia Corporation Atos Corporation IBM Corporation

Recent Developments

In December 2021, Siemens AG and VGF worked together to develop Digital Train Control System. The traditional train control system used in metro and monorail circuits is expected to be replaced by this technology. This system is being developed to reduce traffic, capacity enhancement and efficiency of train routes. In November 2021, Robert Bosch GmbH launched an innovative driver assistance system for city rail transit that will help in reducing the chances of accidents due to human or technical error by issuing a signal to the driver in the event of a possible accident. If the driver fails to intervene the system will automatically brake until it comes to a complete stop. In September 2021, Hitachi launched the PTC system to help automate product development processes, boost product innovation, and reduce train delivery times. This launch will also help in reducing the corporation's control costs and easing the manufacturing process.

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