North America Rail Infrastructure Market Size By Type (Metro, Commuter Rail, Light Rail), By Application (Passenger and Freight), By Geographic Scope And Forecast

North America Rail Infrastructure Market Size And Forecast

North America Rail Infrastructure Market size was valued at USD 22,905.76 Million in 2020 and is projected to reach USD 32,769.35 Million by 2028, growing at a CAGR of 3.61% from 2021 to 2028.

Rail networks, as critical Transport, might be a tempting target for cyber-attacks. Hence, this factor can create a growth opportunity for the Rail Infrastructure Market. The North America Rail Infrastructure Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

North America Rail Infrastructure Market Definition

In terms of safety, rail Transportation has emerged as one of the most trustworthy forms of Transportation. In comparison to other modes of Transportation, trains are quick and are less influenced by common weather turbulences such as rain or fog. Rail travel is well-organized than any other kind of Transportation. It follows a set of routes and timetables. In comparison to other forms of Transportation, its services are more predictable, consistent, and consistent. Rail Network, New Track Investment, and Maintenance Investments can optimize the reliability and productivity of rail transport for better outputs. Various key players in North America provide effective operation and maintenance services to the rail infrastructure companies or owners for safe and efficient systems. Frequent checking and maintenance accordingly can minimize economic losses and even save lives. Drastic weather conditions including heavy rainfall, floods, and heavy snowfall might damage the rail tracks and other rail Transport.

North America Rail Infrastructure Market Overview

It supports about 167,000 employments across the US and delivers additional advantages that other modes of Transportation cannot, such as reduced traffic congestion, highway deaths, fuel consumption, greenhouse gas emissions, logistical expenses, and public Transport maintenance costs. Unlike highways, freight trains in the United States are controlled by private companies that are responsible for their own upkeep and improvements. More thorough passenger tracking and feedback, preventative maintenance sensors to decrease long-term TCO, and real-time issue alerts are just a few of the many possible uses. Meanwhile, the scope of autonomous trains is gradually growing. Finally, as people become more reliant on digital technologies, cybersecurity is becoming more of a worry. Rail networks, as critical Transport, might be a tempting target for cyber-attacks. Hence, this factor can create the growth opportunity for the market growth.

However, the U.S. has free trade agreements with over and above 20 countries around the world. Targeting FTA countries is one of the United States’ competitive market entry strategies. That’s because foreign buyers pay fewer tariffs for goods made in the U.S. compared with other lucrative goods from the countries without FTAs worldwide. The changes in tariffs could affect companies that import and export taxable goods and services to North America.

North America Rail Infrastructure MarketSegmentation Analysis

The North America Rail Infrastructure Market is segmented on the basis of Application, Type, and Geography.

North America Rail Infrastructure Market, By Application

• Freight• Passenger

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Based on Application, the market is bifurcated into Freight and Passenger. Freight accounted for the largest market share in 2020 and is projected to grow at the highest CAGR of 3.49%. during the forecast period. While road Transportation accounts for over half of Transport volumes in several countries, increasing traffic, emissions, and cost are driving governments to opt for rail freight Transport and this segment holds the highest market share overall. Rise in international trade and therefore the countries recognizing the benefits of rail freight Transport, cross-border rail freight Transport is gaining large momentum across different elements of the world. In some regions of North America, rail freight will increase economic integration by providing access to international and regional markets and connecting inland countries.

North America Rail Infrastructure Market, By Type

• Metro• Commuter Rail• Light Rail• Bullet Train

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On the basis of Type, the North America Rail Infrastructure Market has been segmented into Metro, Commuter Rail, Light Rail, Bullet Train, and Others. Light Rail accounted for the largest market share and is projected to grow at the highest CAGR of 2.10%. The market has witnessed significant opportunities in the past few years due to its lower capital costs and increased reliability compared to the heavy rail system. Light rail vehicle is also an environment-friendly alternative for means of Transport. Improvement in passenger comfort, as well as enhanced environmental control, is expected to drive the demand for light rail vehicles in the US and Canada. The market has witnessed significant opportunities in the past few years due to its lower capital costs and increased reliability compared to the heavy rail system. Light rail vehicle is also an environment-friendly alternative for means of Transport.

North America Rail Infrastructure Market, By Geography

• United States• Canada• Mexico

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On the basis of regional analysis, the North America Rail Infrastructure Market is classified into United States, Canada, and Mexico. United States accounted for the largest market share and is projected to grow at a CAGR of 3.45% during the forecast period. In the United States, freight rail accounts for the bulk of rail traffic, with a well-connected network of standard gauge private freight railways reaching into Canada and Mexico. Passenger service is mostly supplied by mass Transportation and commuter trains in metropolitan areas. When compared to Transportation patterns in many other nations, intercity passenger service, which was formerly a significant and essential element of the nation’s passenger transportation network, now plays a minor role. The United States bolsters the world’s greatest rail Transportation network of any country.

Key Players

The “North America Rail Infrastructure Market” study report will provide a valuable insight with an emphasis on the market including some of the major players such as Kiewit Corporation, The Walsh Group, Railworks Corporation, SKANSKA USA Inc., Bechtel Corporation, RailWorks Corporation, Bombardier, and Dufferin Construction Company, amongst others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.• Provides insight into the market through Value Chain.• Market dynamics scenario, along with growth opportunities of the market in the years to come.• 6-month post-sales analyst support.

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