India Rail 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) - Trends, Analysis and Forecast till 2034

India Rail Transport Market Size was valued at US$ 15.7 Billion in 2024 and is projected to grow at a CAGR of 4.3%to reach US$ 23.00 Billion by 2034.

The rail transportation market consists of sales of rail transportation services by entities (organizations, sole traders and partnerships) that use trains to provide transport for passengers and/or cargo. Railroads operate either on networks with physical facilities, labor forces, and equipment spread over a wide geographic area, or operate over a short distance on a local rail line. This market excludes street railroads, commuter rail, urban rapid transit, and scenic and sightseeing train transportation.

Increasing connectivity

The growth in the rail transportation market is due to increasing connectivity in emerging economies, increasing government investments, economical ticket pricing, and augmented use of big data analytics in railways during the forecast period. The scope and potential for the rail transportation market is expected to significantly rise in the forecast period due to the increased use of public transport system, and railways is huge connectivity in India and is widely used by population for transportation hence it is expected to drive the market near in future.

 Alternative energy sources

Rail transportation companies are using alternative energy sources to operate their rolling stock and stations. Alternatives for diesel include hydrogen and LNG (already being tested by some rail operators) that can be used to power trains. The use of alternative energy sources is primarily driven by growing environmental concerns due to climate change and rising fears of energy security.

Rising prices of energy

The market for rail transportation is expected to face certain restraints from several factors such as rising prices of energy and high investment with delayed return. The rising prices of energy may affect the facility charges and hence the deployment of service may occur and force the users to find the alternative way for transportation which may hinder the market.

The India Rail Transport market is segmented based on type.

On the basis of type, the India rail transport market is segmented into passenger rail transportation, rail freight medium-distance passenger transport, long-distance passenger transport, short-distance passenger transport, intermodals, tank wagons, freight cars among these segments, the freight segment accounts for the largest share in the rail transportation market.

Segments Covered in the Report:

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the India rail transport market report based on type:

India Rail 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

The key players operating the India rail transport market includes Indian Railways, Jet Airways (India) Ltd., InterGlobe Aviation Ltd., Delhi Metro Rail Corporation Ltd., Cochin Shipyard Ltd., and VRL Logistics Ltd. For Instance, On March 2, 2020, Indian Railways Chittaranjan Locomotive works has achieved a world record for manufacturing the highest number of rail engines in a year. On February 27, 2020, Indian Railways dedicated freight corridors to enable the government to run freight trains as per a time schedule.

• Indian Railways
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• InterGlobe Aviation Ltd.
• Delhi Metro Rail Corporation Ltd.
• Cochin Shipyard Ltd.
• VRL Logistics Ltd.

 “*” marked represents similar segmentation in other categories in the respective section