NEW YORK, Nov. 26, 2021 /PRNewswire/ -- The railroad market is expected to witness the emergence of BNSF Railway Co. and Canadian National Railway Co. as some of the key vendors. The market size is expected to increase by USD 336.90 bn from 2020 to 2025, registering a CAGR of 10.14%, according to the latest research report from Technavio. The report offers an in-depth analysis as well as exact growth variance and the Y-O-Y growth rate. 

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The report on the railroad market provides a detailed update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The increasing investments in railroad transportation is expected to be one of the major factors driving the growth of the market.

The railroad market covers the following areas:

Railroad Market Sizing
Railroad Market Forecast
Railroad Market Analysis

Market Landscape

Technavio categorizes the global railroad market within the global transportation market. Railroads service includes companies primarily providing goods and passenger rail transportation. Technavio calculates the size of the global transportation market based on the combined revenue generated by air freight and logistics, airlines, marine, road and rail, and transportation infrastructure vendors. The global railroads market size is further calculated based on revenue generated by railroad service providers.

Some Companies Mentioned

• BNSF Railway Co.
• Canadian National Railway Co.
• Canadian Pacific Railway Ltd.
• CSX Corp.
• Japan Freight Railway Co.
• National Railroad Passenger Co.
• Norfolk Southern Corp.
• Russian Railways
• SNCF Group
• Union Pacific Railroad Co.

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SOURCE Technavio