Verkko Global

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Railways

  • The world railway network spans over 1.3mn route kilometers worldwide.
  • The rail industry comprises of sale, manufacture, and operation of railway technology. Rail transportation, primarily consisting of freight shipments and passenger service, plays a vital role in the economy of many countries.
  • The world railway industry is chugging along with positive growth projections and a focus on sustainability.
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Overview

market size railways
  • Market Size:
    • The global railway market is expected to reach around $692.2 billion USD by 2030, reflecting a Compound Annual Growth Rate (CAGR) of approximately 6% from 2023.
  • Challenges;
    • Ageing infrastructure.
    • Competition
    • Safety and security
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How we help