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ResearchAndMarkets.com s offering. This report provides strategists, marketers and senior management with the critical information they need to assess the global train and components market as it emerges from the COVID-19 shut down.
The global train and components market is expected to grow from $196. 45 billion in 2020 to $209. 77 billion in 2021 at a compound annual growth rate (CAGR) of 6. 8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $286. 2 billion in 2025 at a CAGR of 8%.