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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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.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
Companies included in the report are China Railway Corporation, Russian Railways, Deutsche Bahn AG, Indian Railways, and Union Pacific Railroad.
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