Science Press Releases
SEE OTHER BRANDS

Informing on science news in the world

Freight Cars Market Trends Show Integration Of Advanced GPS Tracking

Freight Cars Market Report 2021 - COVID-19 Impact And Recovery

Freight Cars Global Market Report 2021 - COVID-19 Impact And Recovery

Freight Cars Market Report

Freight Cars Global Market Report

The Business Research Company’s Freight Cars Global Market Report 2021 - COVID-19 Impact And Recovery

LONDON, GREATER LONDON, UK, November 3, 2021 /EINPresswire.com/ -- Freight cars are now enabled with GPS tracking and this likely to be an emerging trend in the freight cars market. The efficiency of freight cars transport will be augmented with the use of advanced GPS technologies. Incorporation of GPS technologies into freight cars by rail operators helps in managing the transport process, scheduling of freight cars, maintain a consistent delivery process, and reduction in theft of goods from the freight cars. For instance, in 2019, Indian Railways began real-time monitoring of over 700 trains (passenger and freight), using The Control Office Application (COA) system. The COA was designed by ISRO after collaborating with the Indian Railways to monitor the movement of freight cars even between two stations with GPS. Therefore, demand for freight cars is expected to be increased with the incorporation of certain criteria such as real-time data and on-time deliveries.

The global freight cars market size is expected to grow from $135.32 billion in 2020 to $148.87 billion in 2021 at a compound annual growth rate (CAGR) of 10%. The growth of the freight cars market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The freight cars market is expected to reach $193.00 billion in 2025 at a CAGR of 6.7%.

Read More On The Global Freight Cars Market Report:
https://www.thebusinessresearchcompany.com/report/freight-cars-global-market-report

Government initiatives are expected to boost the freight cars market growth. For instance, in 2019, the Indian government has taken initiatives to make rail freight more attractive through long term tariff contract with major customers, providing incentives to container traffic, tariff rationalization initiatives, the launch of schemes such as the General-Purpose Wagon Investment Scheme (GPWIS), Liberalized Wagon Investment Scheme (LWIS), Special Freight Train Operator (SFTO), and Automobiles Freight Train Operator (AFTO), and others. Investments in railway infrastructure has also been looked into by the Government of India by making investor-friendly policies and enabling Foreign Direct Investment in railways to improve infrastructure for freight and high-speed trains. Also, similar instance, in 2019, the UK government launched a velocity improvement initiative which does the continuous analysis of freight services focused on commodity and flow in close collaboration with freight operators. Therefore, the steps taken by the government to increase the rail freight will increase the demand for freight cars market growth during the period.

Major players covered in the global freight cars industry are CN Railway, DB Schenker, SBB Cargo, Union Pacific, Kansas City Southern, CSX Corporation, Norfolk Southern Corporation, Housatonic Railroad Company, Linfox Pty Ltd.

TBRC’s global freight cars market report is segmented by type into intermodals, tank wagons, freight cars, by application into coal, petroleum and chemicals, metals and minerals, automobiles, agricultural products, others, by end-use industries into agriculture, construction, oil & gas, chemical, medical & pharmaceuticals, food & beverages, government & defense, automotive & transportation, marine.

Freight Cars Global Market Report 2021 - By Type (Intermodals, Tank Wagons, Freight Cars), By Application (Coal, Petroleum And Chemicals, Metals And Minerals, Automobiles, Agricultural Products), By End-Use Industries (Agriculture, Construction, Oil & Gas, Chemical, Medical & Pharmaceuticals, Food & Beverages, Government & Defense, Automotive & Transportation, Marine), COVID-19 Impact And Recovery is one of a series of new reports from The Business Research Company that provides freight cars market overview, forecast freight cars market size and growth for the whole market, freight cars market segments, and geographies, freight cars market trends, freight cars market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

Request For A Sample Of The Global Freight Cars Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3639&type=smp

Here Is A List Of Similar Reports By The Business Research Company:

Rail Freight Global Market Report 2021 - By Type (Intermodals, Tank Wagons, Freight Cars), By Destination (Domestic, International), By Application (Oil and Gas, Mining Industry, Logistic Industry, Post Service), By Freight Type (Containerized, Liquid, Commodities), COVID-19 Impact and Recovery
https://www.thebusinessresearchcompany.com/report/rail-freight-global-market-report-2020-30-covid-19-impact-and-recovery

Transport Services Market - By Type Of Product (General Transportation, Truck Transportation, Air Transportation, Rail Transportation, Transit And Ground Passenger Transportation, Warehousing And Storage, Water Transportation, And Pipeline Transportation), And By Region, Opportunities And Strategies – Global Forecast To 2022
https://www.thebusinessresearchcompany.com/report/transport-services-market

Couriers And Messengers Market - By Type (Domestic Couriers Market, International Couriers Market) Type Of Coverage (Couriers And Express Delivery Services, Local Messengers And Local Delivery), By End-User (B2B, B2C, Others), And By Region, Opportunities And Strategies – Global Forecast To 2023
https://www.thebusinessresearchcompany.com/report/couriers-and-messengers-market

Interested to know more about The Business Research Company?
The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

Or get a quick glimpse of our services here: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

The Business Research Company
Email: info@tbrc.info
Follow us on LinkedIn: https://bit.ly/3b7850r
Follow us on Twitter: https://bit.ly/3b1rmjS
Check out our Blog: http://blog.tbrc.info/

Oliver Guirdham
The Business Research Company
20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Share us

on your social networks:
AGPs

Get the latest news on this topic.

SIGN UP FOR FREE TODAY

No Thanks

By signing to this email alert, you
agree to our Terms of Service