Rail Transportation Global Market Forecast To 2022

Asia Pacific was the largest region in the global rail transportation market, accounting for 34% of the market in 2018. North America was the second largest region accounting for 32% of the global rail transportation market. Africa was the smallest region in the global rail transportation market.

Rail transportation companies are using alternative energy sources to operate their rolling stock and stations. Alternatives for diesel include hydrogen and LNG (already being tested by some rail operators) that can be used to power trains. The use of alternative energy sources is primarily driven by growing environmental concerns due to climate change and rising fears of energy security. For instance, The Netherlands’ national railway company Nederlandse Spoorwegen (NS) and electricity company Eneco is running all its trains on wind energy, since January 2017.

Tags: Global Rail Transportation Market, Global Rail Transportation Market Analysis, Global Rail Transportation Market Research Report, Global Rail Transportation Market Share, Global Rail Transportation Market Trends