The track geometry measurement system market was valued at US$ 2795.7 million in 2019 and it is projected to reach US$ 4741.0 million by 2027; it is expected to grow at a CAGR of 7.3% from 2020 to 2027. Governments of several countries have implemented laws and regulations that suggest to comply with increasing safety concerns in railway,...
Major companies in the transit and ground passenger transport market include Transport For London; Metropolitan Transportation Authority; MTR Corporation; Guangzhou Metro and Madrid Metro. The global transit and ground passenger transport market is expected to grow from $412.97 billion in 2020 to $460.48 billion in 2021 at a compound...
The railway braking system market was valued at US$ 8,909.9 million in 2019 and is projected to reach US$ 10,515.7 million by 2027; it is expected to grow at a CAGR of 3.7% from 2020 to 2027. There is a growth in the railway sector across the world due to increasing number of passengers and freight transport.Therefore, the governments of...
Rail Asset Management Market Research Report - Global Forecast to 2025 - Cumulative Impact of COVID-19 The Global Rail Asset Management Market is expected to grow from USD 9,185.34 Million in 2019 to USD 13,745.82 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 6.94%. Market Segmentation...
The global rail asset management market size is expected to grow from USD 9.4 billion in 2020 to USD 12.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period. Asset management is gaining popularity at a fast pace in the railway industry. Rail asset management encompasses all systems, methods, procedures,...
Global Monorail Systems Market to Reach $5.5 Billion by 2027 Amid the COVID-19 crisis, the global market for Monorail Systems estimated at US$4.9 Billion in the year 2020, is projected to reach a revised size of US$5.5 Billion by 2027, growing at aCAGR of 1.5% over the period 2020-2027. Straddle, one of the segments analyzed in the...
Global Rail Track Components Market to Reach $180.2 Billion by 2027 Amid the COVID-19 crisis, the global market for Rail Track Components estimated at US$102 Billion in the year 2020, is projected to reach a revised size of US$180.2 Billion by 2027, growing at a CAGR of 8.5% over the analysis period 2020-2027. Rail Sleepers, one of...
The rail greases market in MEA is expected to reach US$ 39.93 million by 2027 from US$ 34.11 million in 2018 and is expected to grow at a CAGR of 1.9% from 2019 to 2027. The introduction of new technologies such as AI, big data, and cloud computing in the conventional railway networks is bolstering the growth of the rail greases market.Digitalization...
The rail greases market in SAM is expected to reach US$ 31.52 million by 2027 from US$ 27.53 million in 2018 and is expected to grow at a CAGR of 1.6% from 2019 to 2027. Railway vehicle elements such as axles and wheels, bearings and chains, brake elements, interior components, and pantographs need frequent maintenance and lubrication for...
On track: Renewed economic growth and increasing shale oil and gas production are expected to drive demand for railcar leases Abstract Railroad Car Rental & Leasing The Railroad Car Rental and Leasing industry exhibits a medium level of market share concentration, with the five largest players,...