The Rail Road Construction Global Market Report 2023, provides comprehensive information on the rail road construction market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global rail road construction market size is expected to grow from $202.70 billion in 2022 to $222.17 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global rail road construction market size is expected to reach $272.09 billion in 2027 at a CAGR of 5.2%.
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Product innovations are a key trend gaining popularity in the rail road construction market. Major companies operating in the rail road 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 have 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 the rail road repair or alterations.
The rail road construction market 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
Asia-Pacific was the largest region in the rail road construction market in 2022.
The table of contents in TBRC’s rail road construction market report 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. Rail Road Construction Market Size And Growth
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26. Africa Rail Road Construction Market
27. Rail Road Construction Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rail Road Construction Market
29. Rail Road Construction Market Future Outlook and Potential Analysis
30. Appendix
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