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The Australia railroads market stood at a value of USD 38.63 billion in 2023. The market is further expected to grow at a CAGR of 6.8% in the forecast period of 2024-2032 to attain a value of USD 70.08 billion by 2032.
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Based on type, the passenger rail segment holds a significant market share in the railroad industry. The increasing passenger traffic has been contributing to the demand for passenger railroads in the region. In addition, the development of improved metros and bullet trains, owing to the increased influx of daily commuters, is expected to further support the market growth. Furthermore, railroads are an economical means of transport, which is expected to add to their popularity in the coming years. Additionally, the growing tourism industry in the region is also projected to propel the demand for railroads in the forecast period.
In Australia, the increased demand for freight railroads to support the economic activities across industry verticals is projected to supplement the industry growth in the forecast period. Rail freights help transport goods and resources in bulk from ports to warehouses and vice-versa, which is contributing to the country’s economic growth. Moreover, the rail network is instrumental in the transportation of business goods in Australia, playing a key role in export of coal and iron ore. This trend is further expected to be fuelled by the rising trade activities among countries, thereby aiding the market.
Railroads, also referred to as railways, are a mode of transportation for both passengers and goods, wherein the wheeled vehicle runs on rail tracks, which directionally guide the train. Railroad transportation imparts lower frictional resistance to a wheeled vehicle compared to road, which helps boost the efficiency of vehicles and reduce energy consumption.
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By type, the market is divided into:
On the basis of distance, the market can be segmented into:
The regional markets for the product include New South Wales, Victoria, Queensland, Western Australia, South Australia, and others.
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The railroads industry in Australia is anticipated to be aided by the rapid industrialisation in the region. This can be attributed to the increased expenditure by the government in the development and expansion of railroad infrastructure across the country. Moreover, the benefits of reduced carbon emission and cost-efficiency associated with railroad transportation are expected to support the market growth in the forecast years. In addition, railroads help reduce the issues of air pollution and traffic congestion across the cities. This, in turn, is expected to enhance the utilisation of railroad services among environmental conscious commuters. Further, the development of advanced infrastructure , making use of the internet of things and real time data analysis provide better insights to rail passengers as well as freight customers is expected to improve customer experience. These factors are projected to support the market growth in Australia in the coming years.
The report gives a detailed analysis of the following key players in the Australia railroads market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Distance |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the Australia railroads market attained a value of USD 38.63 billion.
The market is projected to grow at a CAGR of 6.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 70.08 billion by 2032.
The major drivers of the industry, such as the increased passenger traffic, rising demand for freight transportation, increased investments by the government in the expansion of the railroad network, and the associated benefits of railroads including reduced traffic congestion and cost effectiveness, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the rapid industrialisation.
The major regions in the industry are New South Wales, Victoria, Queensland, Western Australia, South Australia, and others.
The significant types include passenger rail and rail freight.
The significant market divisions based on distance include long distance and short distance.
The major players in the industry are Bombardier Transportation, Downer Group, UGL Rail, Alstom SA, and others.
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