The rail industry is poised for transformation and growth.
After the challenges of the early 2020s, the global rail market is expected to continue its steady grow over the next decade. This growth is being fueled by many factors, including increased congestion on roadways, shift from air to rail transport and rapid global urbanization.
Perhaps most important, rail is the most sustainable and energy-efficient form of land transportation. As countries strive to meet their low-carbon goals in the coming decades, rail transport will emerge as an important environment-friendly way to move people and goods.