The Rail Road Construction by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Rail Road Construction, The rail road construction market size has grown strongly in recent years. It will grow from $215.28 billion in 2023 to $228.82 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to industrialization and economic development, expansion of trade routes, government investments in infrastructure, resource transportation for extractive industries, military and strategic considerations..
The rail road construction market size is expected to see strong growth in the next few years. It will grow to $279.82 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to continued urbanization and population growth, globalization and international trade growth, focus on sustainable transportation, infrastructure modernization and upgrades, energy and resource transport.. Major trends in the forecast period include modernization of existing rail infrastructure, railway safety enhancements, public-private partnerships (ppps), global connectivity initiatives, innovations in materials and construction methods..
The growing demand for rail freight transport is expected to propel the growth of the railroad construction market going forward. Rail freight is the movement of commodities on trains by rail, as opposed to air, ocean, or road transit which allows a larger volume of cargo to be delivered over longer distances. The growth in railroad freight can boost railroad construction as a greater number of trains will be needed to increase rail freight transport. For instance, according to Eurostat, a statistical office of the European Union (EU), rail freight transport in the EU increased in 2021 by 8.7% compared to 2020. Therefore, the growing demand for rail freight transport is driving the growth of the railroad construction market.
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The rail road construction market covered in this report is segmented –
1) By Train Type: Metro, Light Rail, Bullet Train or High-Speed Rail (HSR)
2) By Construction Type: New Construction, Renovation
3) By Application: Urban, Rural
Top Major Players
Railroad Construction Company Inc.
SNCF Group
Union Pacific Corporation
OAO Rossiyskie zheleznye dorogi
Burlington Northern and Santa Fe Railway
Product innovations are a key trend gaining popularity in the rail road construction market. Major companies operating in the railroad construction market are developing innovative solutions to sustain their position in the market. For instance, in March 2021, Pandrol, a France-based rail technology company launched a new line of rail-cutting discs to address the ongoing difficulties that rail maintenance personnel encounter when cutting rail tracks. The new line of Pandrol rail-cutting discs has been created to increase rail-cutting productivity while lowering maintenance costs, enhancing safety, and minimizing environmental effects by producing less scrap. The new solution can be used during rail road repair or alterations.
The rail road construction market report table of contents includes:
1. Executive Summary
2. Rail Road Construction Market Characteristics
3. Rail Road Construction Market Trends And Strategies
4. Rail Road Construction Market – Macro Economic Scenario
5. Global Rail Road Construction Market Size and Growth
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31. Global Rail Road Construction Market Competitive Benchmarking
32. Global Rail Road Construction Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Rail Road Construction Market
34. Rail Road Construction Market Future Outlook and Potential Analysis
35. Appendix
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