Global Freight Wagon Market: Growth Slowdown and New Trends Until 2028

The global freight wagon market continues to develop, although its growth rate is slowing down, this is reported by the railway transport news portal Railway Supply.

According to the tenth study “Freight Wagons — Global Market Trends” published by the German consulting company SCI Verkehr, the global freight wagon market is expected to grow at an average annual rate of 2.6% until 2028.

This figure is lower than the growth rate observed between 2018 and 2023, when the market showed higher growth rates.

Currently, the global freight wagon market is estimated at 31 billion euros per year, indicating its significance in the global economy.

Market development by region remains uneven. India, the second-largest market in Asia, also shows significant growth. This is due to the increasing need to modernize transport infrastructure and the growing volume of freight transportation.

However, China, despite significant efforts, has not yet returned to pre-crisis levels. The Chinese market faces several internal and external challenges, slowing its recovery to pre-pandemic levels.

It is worth noting that the global trend of rising freight wagon prices is becoming a key factor influencing market processes.

This trend is characteristic of most regions, including Europe and North America.

The increase in wagon costs, caused by several factors such as rising raw material prices and logistics costs, could significantly impact the industry’s future development.

In the next five years, this trend is likely to be decisive in forming new contracts and supply strategies.

Amid changes in the global economy and logistics, companies and governments are forced to adapt their strategies to ensure sustainability and competitiveness.

Market analysis shows that to successfully overcome challenges, it is necessary to implement innovative solutions and optimize production processes.

It is important not only to respond to current changes but also to anticipate future trends to adapt to new conditions in a timely manner.

Photo: CRRC

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