PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1294711
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1294711
According to SPER Market Research, 'North America Rail Infrastructure Market Size- By Type, By Application, By Service Provider - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the North America Rail Infrastructure Market is estimated to reach USD 199.50 billion by 2033 and is anticipated to surge at CAGR of 4.75%.
The COVID-19 pandemic significantly impacted the North American rail infrastructure market. Passenger rail travel declined due to restrictions and health concerns, leading to reduced revenue and infrastructure investments. Freight rail saw a mixed impact, with decreased demand for certain goods but increased transportation of essentials. Rail operators adjusted operations to prioritize freight, while global supply chain disruptions affected import/export and freight volumes.