Railway System Market worth $35.3 billion by 2025

1. MarketsandMarkets Presents Railway System Market worth $35.3 billion by 2025 https://www.marketsandmarkets.com/Market-Reports/railway-system-market-203815831.html

2. The report "Railway System Market by System Type (Auxiliary Power, HVAC, Propulsion, On-board Vehicle Control, Train Information & Train Safety), Transit Type (Conventional & Rapid), Application (Passenger & Freight Transportation),& Region- Global Forecast to 2025" The global railway system market is estimated to be USD 26.0 billion in 2019 and projected to reach USD 35.3 billion by 2025, at a CAGR of 5.2%. The growing demand for public transport and increasing need for energy efficient transport are some of the key drivers for the growth of this market. Get The PDF Brochure For This Report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=203815831 Browse 38 market data Tables and 48 Figures spread through 139 Pages and in-depth TOC on "Railway System Market” https://www.marketsandmarkets.com/Market-Reports/railway-system-market-203815831.html

3. Passenger transportation, by application, is estimated to hold the largest market share during the forecast period The major passenger transportation markets include countries such as Japan, India, China, and the European countries. The increase in rapid transit systems equipped with advanced train information system, auxiliary power units, and onboard vehicle control is driving railway system market. Moreover, to provide safety systems, the rolling stock vendors are introducing cameras, video recorders, passenger information displays, and public address system. The increase in these functions will boost the passenger transportation segment of the railway system market. Europe to be the largest railway system market The European railway system market is estimated to be the largest in 2019. The EU represents the biggest absolute market for rail products and services, with the railway system segment representing the largest part of this market.  The demand for rail vehicles in this region is triggered by the growing population of urban areas, where the existing transportation infrastructure is insufficient. The expansion of these networks is expected to drive the demand for new vehicles, which, in turn, will fuel the railway system market. Request Sample of the report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=203815831

4. Train information system is estimated to be the fastest growing segment, by system type, during the forecast period The train information system market is estimated to be the fastest growing segment. Train information system is a communication system that provides information to passengers and enables two-way communication between passengers and operators. These communication systems are used in connected rails and high-speed trains for their efficient functioning. The growing demand for connected and high-speed trains is propelling the demand for train information systems. Moreover, the advent of autonomous trains will act as a catalyst in the growth of the train information system market in future. The report analyzes all major players in the railway system market including CRRC (China), Siemens (Germany), Bombardier (Canada), Alstom (France), and ABB (Switzerland). Don’t miss out on business opportunities in Railway System Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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