Railway technology: annual average global market size outlook 2013-2023

This statistic shows the average annual market size of the rail technology industry between 2013 and 2023. During the 2018 and 2020 time period, the market volume was estimated at 114 billion euros on average. The market is expected to grow at a compound annual growth rate of 2.6 percent to reach an average annual value of 125 billion euros between 2021 and 2023.

Average size of the global market for railway technology between 2013 and 2023

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Sources

Release date

May 2019

Region

Worldwide

Survey time period

2013 to 2018

Supplementary notes

* Data from the previous World Rail Market Study can be accessed here.

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Statistics on "Rail industry worldwide"

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