Global railroad market grows despite COVID-19

Published: World Rail Market Study (Forecast 2020 to 2025)

Brussels, 01.10.2020

"The rail transport market is affected by the pandemic, which has temporarily interrupted the strong growth we have experienced. Nevertheless, after a challenging 2020, we are confident that the various economic stimulus packages, together with the increasing demand for sustainable mobility solutions, will lead to a solid market recovery, which will be reflected in an average annual growth rate of 2.3% between 2017-19 and 2023-2025," said Henri Poupart-Lafarge, Chairman of UNIFE and Chairman and CEO of Alstom during the digital presentation of the World Rail Market Study on 1 October 2020.

Unife's detailed press release on the study can be found here.

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