Global rankings: present and futureThe world’s railway network spans over 1.3 million route-kilometers worldwide. The United States operates by far the longest railroad network in the world, closely followed by Russia, China, India, Canada, Germany, and France. Japan was adjudged number one in the ranking of countries with the highest-quality infrastructure for railroads in 2019. Show
The average annual market volume of railway technology in North America is forecasted to reach around 32 billion euros by 2023. Western Europe will be the region with the highest market volume. The collective region of Asia, Oceania, and the Middle East accounts for the largest rail passenger traffic globally, with around three trillion passenger-kilometers traveled annually. Identifying key market playersThe current leading railway vehicle manufacturer is CRRC Corporation. The company is a state-owned enterprise headquartered in Beijing and formed in June 2015 from the merger of China CNR Corporation and CSR Corporation Limited, the leading rolling stock manufacturers in the world. In the fiscal year of 2019, CRRC generated operating revenue to the value of 17.72 billion U.S. dollars with its railway equipment business line alone. In response to the intensified competition and efforts to push past the Chinese manufacturer, France’s Alstom and Canada's Bombardier announced to merge both their railway manufacturing units in February 2020. Earlier in February 2019, the European Commission announced that it will not allow Siemens’ planned takeover of Alstom, as it would have significantly reduced competition in the railroad signaling and very-high-speed rail markets. In North America, one of the leading railroad company based on revenue was Union Pacific. In 2019, the company generated over 21.7 billion U.S. dollars in revenue. This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text. Featured industry events
JanuaryRail in the Midlands27 January InfraTalk26 January NRC Conference and NRC-REMSA Exhibition4 - 7 January FebruaryNT Expo São Paulo28 February - 2 March TransCityRail Midlands9 February MarchBAPCO7 - 8 March Eurasia Rail8 - 10 March UIC World Congress on High-Speed Rail7 - 10 March SIFER28 - 30 March AprilASLRRA annual meeting02-04 April Train & Rail Conference & Exhibition25
- 27 April MayInternational Wheelset Congress08-11 May Transport Logistic9 - 12 May European Light Rail Congress22 - 23 May JuneAPTA Rail Conference11-15 June Africa Rail27 - 28 June UITP Global Public Transport Summit4 - 7 June SeptemberICRE23-24 September Railway Industry Forum5 - 6 September Trako19 - 22 September OctoberInternational Rail Conference12-14 October Elmia Nordic Rail10-12 October APTA Expo8 - 11 October Alpine Rail Optimisation19 October NovemberAusRAIL Plus14 - 16 November Mobility Electronics Suppliers Expo7 - 9 November LAST YEAR
Follow Railway Gazette on social media Site powered by Webvision Cloud What will rail transportation be like in the future?Change in passenger activity in the High Rail Scenario relative to a base scenario, 2020-2050. Passenger rail activity increases in the High Rail Scenario to 15 trillion passenger-kilometres in 2050. Other public transport activities also increase, particularly travel by bus.
What will trains be like in 2050?According to the International Transport Forum, by 2050 passenger mobility will increase by a staggering 200-300% and freight activity by as much as 150-250%. 11 This means that smart solutions will need to be implemented to provide adequate transport capacity for growing volumes of goods and people.
Are trains the future of transportation?In this rapidly progressing environment, it's easy to think of trains as a more outdated technology and a bit of a vehicle of the past. But they're not. In fact, trains may actually be the future of travel, especially given the increasing congestion of roadways.
Is the rail industry growing?The market size of the Rail Transportation industry in the US has grown 3.4% per year on average between 2017 and 2022.
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