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The Worldwide Railway Maintenance Machinery Industry is Expected to Reach $5 5 Billion by 2027
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Global Railway Maintenance Machinery Market (2020 to 2027) - by Product Type, Application, Sales Type and Region
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North America Railway Maintenance Machinery Market to Garner $1 16 Bn by 2028 at 6 1% CAGR: Allied Market Research
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Major players in the autonomous trains market are Alstom S.A., ABB, Bombardier Transportation, CRRC Transportation, Hitachi Ltd., Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Siemens AG., Thales Group. and Ansaldo.
The global autonomous trains market is expected to grow from $6.95 billion in 2020 to $7.73 billion in 2021 at a compound annual growth rate (CAGR) of 11.2%.
The growth is mainly due to the companies resuming their operations and adapting to the new normal while 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.
Rolling Stocks Market is expected to Witness Significant Growth between 2020-2025
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