Global Passenger Railways Market to Reach $71.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Passenger Railways estimated at US$38.9 Billion in the year 2020, is projected to reach a revised size of US$71.4 Billion by 2027, growing at a CAGR of 9.1% over the period 2020-2027.
The U.S. Market is Estimated at $10.5 Billion, While China is Forecast to Grow at 12.1% CAGR
The Passenger Railways market in the U.S. is estimated at US$10.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.9 Billion by the year 2027 trailing a CAGR of 12.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 7.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.
Select Competitors (Total 42 Featured):
Amid the COVID-19 crisis, the global market for Passenger Railways estimated at US$38.9 Billion in the year 2020, is projected to reach a revised size of US$71.4 Billion by 2027, growing at a CAGR of 9.1% over the period 2020-2027.
The U.S. Market is Estimated at $10.5 Billion, While China is Forecast to Grow at 12.1% CAGR
The Passenger Railways market in the U.S. is estimated at US$10.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.9 Billion by the year 2027 trailing a CAGR of 12.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 7.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.
Select Competitors (Total 42 Featured):
- Cisco Systems, Inc.
- Siemens AG
- Hitachi Ltd.
- Toshiba Corporation
- ABB
- Mitsubishi Electric Corporation
- Nokia Corporation
- General Electric Company
- Atos SE
- Thales Group
- Advantech
- Indra Sistemas SA
- Cubic Corporation
- Bharat Forge Ltd.
- Bombardier, Inc.
- Trimble, Inc.
- Alstom
- GAO RFID, Inc.
- Teleste Corporation
- Vedanta Ltd.
- West Japan Railway Company
- Ansaldo STS
- Canadian National Railway Company
- Canadian Pacific Railway
- Deutsche Bahn AG
- East Japan Railway Co
- Eurotech
- MTR Corporation Limited
- Norfolk Southern Corp.
- Union Pacific Corporation
- OptaSense
- Wabtec Corporation
- EKE-Electronics Ltd
- Passio Technologies
- Simpleway Europe A.S.
- ST Engineering
- IRCTC -The Indian Railway Catering and Tourism Corporation Limited
- TELEVIC GROUP
- IBM
- Huawei Technologies Co. Ltd.
- Bharat Heavy Electricals
- DXC Technology
- Frequentis
Frequently Asked Questions about the Global Market for Passenger Railways
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Report Attribute | Details |
---|---|
No. of Pages | 138 |
Published | April 2021 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD ) in 2020 | $ 38.9 Billion |
Forecasted Market Value ( USD ) by 2027 | $ 71.4 Billion |
Compound Annual Growth Rate | 9.1% |
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION