Freight Rail Transport in the UK - Market Research Report (2014-2029)

Bad transport: Freight rail revenue is declining in 2022-23 due to economic instability restricting business confidence

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Over the five years through 2023-24, revenue is projected to grow at a compound annual rate of 0.2% to £1.2 billion. The Freight Rail Transport industry has benefitted from a shift from road to rail transport, driven by rising environmental awareness and improved operating efficiency. This has supported the industry's transformation from coal and steel to a more diversified mix of commodities following the decline in these two traditional sectors. Soaring gas prices led to increased use and transportation of coal which continues during the current year.

Operators in this industry transport goods via rail using both main-line and short-line rail networks. The industry does not include the related warehousing, storage, cargo handling or freight terminal activities. Neither does it encompass the operation of railway infrastructure or switching and shunting activities.