The rail transportation industry
uses 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 industry does not include scenic and sightseeing rail
transportation, street railroads, commuter rail, or rapid transit systems.
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The global rail transportation
market has shown moderate growth in the past years with market value of around
$500 billion in the year 2017, which recorded highest ever market value in this
industry as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in
the market for each year with sourced reasons to support the growth claims in
this market.
The report also shows the rail
transportation market to grow at a much higher CAGR by 2021 as compared
to 2017, along with geographies best suited for investments with highest return
rate.
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report at
The global rail transportation market
is expected to grow from around $500 billion in 2017 to $650 billion in 2021. This
market is expected to register high growth rate due to increasing connectivity
in emerging economies such as India, China, and Brazil, increasing government
investments, economical ticket pricing, and augmented use of big data analytics
in railways during the forecast period.
Companies included in the report are China Railway Corporation, Russian Railways, Deutsche Bahn AG, Indian
Railways, and Union Pacific Railroad.
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