Market Research Report
|Published by||Global Industry Analysts, Inc.||Product code||997600|
|Published||Content info||138 Pages
Delivery time: 1-2 business days
|Published: April 1, 2021||Content info: 138 Pages||
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.
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