Rail networks are expected to double in Africa, Latin America, and the Middle East by 2022.
GIBS Information Centre / GIBSIC‘s insight:
Other key market projections:
- Africa will experience the highest growth in the rail supply market.
- North America will be the fastest growing market for light and commuter rail and metro rail will be the largest replacement market.
- By 2020, China will have nearly 75,000 miles of rail.
- Between 2015 and 2022, Europe is expected to replace 10,298 locomotives and 1,860 railcars.
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