The Europe
40-Foot Platform Wagons Market size is
expected to reach USD 856.2 million by 2028, registering a CAGR of 4.7% from
2021 to 2028, according to a new study by Grand View Research, Inc. Some of the
key players in this industry are AstraRail Industries S.A., Altaivagon
Joint-Stock Company, ELH Waggonbau Niesky GmbH, NYMWAG CS, RM RAIL,
Tatravagónka a.s. The European Union (EU) significantly relies on the
efficiency of rail transportation to haul freight for all industries that play
an important role in driving the economy. Promoting more efficient and
sustainable transportation of rail freight has been a key part of the EU
policy. The development of favorable government strategies for rail freight
operations can provide an opportunity to evaluate the current process and
identify the potential scope for the current and future requirements of rail
freight wagons.
The high capital investments required to rollout the
railway infrastructure is one of the major restraints hampering the growth of
the market. Rail projects can be considerably expensive owing to the huge
investments required in having the necessary infrastructure in place. Moreover,
rail operators need to continuously invest in upgrading the rail lines and
power lines and installing new tracks, among other activities. Around 70% of
the investments are spent on track infrastructure to ensure an efficient and
safe network. This includes the replacement of rail and the construction of
bridges and power lines. For instance, in June 2021, Rail Cargo Group, a rail
freight transportation company based in Austria, announced an investment of USD
235.5 million to buy 2,150 freight wagons by 2026.
The growing demand for mobility in Europe has created a
need for a well-integrated and efficient railway system capable of addressing
all the logistical, technical, and environmental constraints and ensuring
sustainable growth of the enlarged European Union. Replacing legacy technology
with advanced train-control and signaling systems, such as European Rail
Traffic Management System (ERTMS) Level 2 and above, which is based on wireless
communications to supervise the train movement, can be considered the core
element for the digitization of traffic management and train control. Advanced
technologies, such as freight information systems, Positive Train Control
(PTC), machine vision, and RFID, are unfolding new opportunities for reducing
logistics costs, improving operational efficiency, and enhancing customer
service while providing personalized door-to-door delivery.
Related Press
Release@ Europe
40-foot Platform Wagons Market Report
Europe 40-foot Platform Wagons Market Report Highlights
- In
France, digitalization and automation are driving the future of connected,
autonomous, and digital freight trains to deliver better services to
customers. For instance, the increasing e-commerce sales and government
investments in intermodal transportation have propelled rail freight
operators to boost local transportation services to facilitate the
efficiency of day-to-day logistics
- Fret
SNCF, a rail freight operator, partnered with Traxens, a Marseille-based
company specializing in smart containers, to enable rail freight operators
to track shipments in real-time, monitor mileage, record the movements of
freight wagons, and receive alerts when shipments reach predefined
locations
- In
Poland, the railway sector invests significantly through its most
extensive investment program, which offers business opportunities for
Swiss exporters. The investment program aims to construct and modernize
9,000 km of tracks, existing infrastructure, tunnels, overpasses, and
bridges for high-speed trains
- In
August 2019, PKP Intercity, a company responsible for long-distance rail
passenger transport, invested USD 2.2 billion to modernize 700 wagons, 14
new train sets, and 200 electric and diesel locomotives. The company also
procured 185 wagons, 19 new train sets, and 118 electric and diesel
locomotives
About Us:
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment