17.06.2025 By: Jeremy Soland
Artikel Nummer: 53297
Green transport drives rail investment
According to a new report from 'Research and Markets' the global rail transport market will grow from USD 541 billion in 2025 to USD 932 billion by 2034, driven by high-speed rail expansion, sustainability goals and smart tech adoption. Europe and Asia are driving this development with investments in electrification and high-speed networks.
The compound annual growth rate is forecast at 6.2%, reflecting rising demand despite high infrastructure costs and cross-border regulatory hurdles.
"This growth underscores rail transport's pivotal role in enhancing global logistics and passenger travel networks by providing a sustainable and cost-effective alternative to road and air travel", Research and Markets said. (js)