The global rail transport industry is a vital component of freight and passenger transportation systems worldwide. Rail freight and passenger movement have gained significant prominence due to its efficiency and sustainability advantages over road transportation. This is because rail transport infrastructure allows for large-scale movement of commercial and consumer goods as well as people across cities, nations, and continents in a safe, reliable, and also in an environment-friendly manner.
Market Dynamics:
The global rail transport market is driven by robust growth in international and domestic trade volumes coupled with increasing expenditure on the development of cross-border railway connectivity infrastructure in major economies. However, high setup and maintenance costs associated with rail networks restrains market progress. Despite these challenges, growing investments to modernize aging rail assets along with focus on high-speed rail corridors present significant opportunities.
Key Features of the Study:
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