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The global railroad market is anticipated to grow on account of government initiatives in increasing investments in railway infrastructure and newer lines. Rapid urbanization and increased mobility are some of the primary drivers of the light rail vehicle market’s growth. It is exacerbated further by increased demand for transportation as a result of population growth and migration to urban areas, especially in Asia-Pacific.
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Railroads Market Size, Share, Trend, Price, Forecast 2022-2027
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Railroads Market Size, Share, Trend, Price, Forecast 2022-2027

The global railroads market is supported by the growth of global rail transport market, which is expected to grow at a CAGR of 3% in the forecast period of 2022-2027 to reach a value of approximately USD 253 billion by 2026.