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Australia Railroads Market to Grow at a CAGR of 6.90% During 2022-2027, Aided by the Rapid Industrialisation

According to a new report by EMR titled, ‘Australia Railroads Market Report and Forecast 2022-2027’, the market attained a value of around USD 33.8 billion in 2021. The industry is further expected to grow at a CAGR of 6.90% in the forecast period of 2022-2027 to reach a value of nearly USD 50.2 billion by 2027.

The Australia railroads industry is being driven by the rapid industrialisation. This is leading to heightened investments by the government in the development of the railroad infrastructure and its expansion in the region. Railroads in Australia are essential for the economic growth of the country, as it supports imports and exports of various goods and resources across the region. In addition, the growing passenger traffic in the region, especially the number of daily commuters, is estimated to support the market growth in the coming years. This can be associated with the economical benefits of railroads. Moreover, the increased influx of tourists in the region is also expected to support the market growth.

The rapid digitalisation, along with the steady integration of advanced technological solutions in the railway network by the leading market players is expected to support the market growth. For instance, in September 2021, Alstom SA (OTCMKTS: ALSMY) announced that the company has received two contracts by the Transport for New South Wales (TfNSW) & Sydney Trains for the development and delivery of long-term service support for European Train Control System Level 2 (ETCS) trackside signalling technology, which would help in digitalising Sydney’s suburban railway network. In this regard, the company will provide lstom’s Atlas and Smartlock trackside signalling technologies between Bondi Junction and Erskineville in the Sydney rail network. Such developments are expected to positively impact the growth of the railroads industry in the forecast period.

Market Breakup by Type, Distance, and Region:

  • The market is divided, based on type, into passenger rail and rail freight.
  • On the basis of distance, the market can be distributed into long distance and short distance.
  • Region-wise, the Australia market for railroads can be divided into New South Wales, Victoria, Queensland, Western Australia, South Australia, and others.

Key Findings of the Report:

  • The Australia market for railroads is being driven by the rising investments by the government in the expansion of the railway network in the region.
  • The growing passenger traffic in the major cities of the country has significantly contributed to the market expansion.
  • Increased demand for freight transportation is also aiding the industry growth.
  • The rapid technological advancements and the increased digitalisation in the region are further propelling the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the Australia market for railroads for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the types, distances, and major regions of railroads.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the Australia railroads market are Bombardier Transportation, Downer Group, UGL Rail, Alstom SA, and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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