The global train market reached around USD 71.82 Billion in 2024. The market is projected to grow at a CAGR of 3.60% between 2025 and 2034 to reach nearly USD 102.29 Billion by 2034.
Base Year
Historical Period
Forecast Period
The United States has the world’s largest network of railway tracks, at 250,000km.
China and Russia are followed by the USA, with a railway network of 124,000 km and 86,000 km, respectively.
India has the fourth-largest network of railways in the world, at over 80,000km.
Compound Annual Growth Rate
3.6%
Value in USD Billion
2025-2034
Train Market Outlook
*this image is indicative*
| Global Train Market Report Summary | Description | Value |
| Base Year | USD Billion | 2024 |
| Historical Period | USD Billion | 2018-2024 |
| Forecast Period | USD Billion | 2025-2034 |
| Market Size 2024 | USD Billion | 71.82 |
| Market Size 2034 | USD Billion | 102.29 |
| CAGR 2018-2024 | Percentage | XX% |
| CAGR 2025-2034 | Percentage | 3.60% |
| CAGR 2025-2034 - Market by Region | Asia Pacific | 4.3% |
| CAGR 2025-2034 - Market by Country | India | 5.0% |
| CAGR 2025-2034 - Market by Country | United Kingdom | 4.4% |
| CAGR 2025-2034 - Market by Format | Online | 4.0% |
| Market Share by Country 2024 | USA | XX% |
The global rail industry accounted for around 1.1 billion tons of carbon emissions in 2022. As concerns for environmental protection intensify, the sector is boosting its commitment to sustainable practices. In 2023, over 10,000 electric trains were globally in operation. Multiple stakeholders are enhancing their investments to produce emissions-free trains. For instance, as a part of its commitment to reduce carbon emissions by 50% by 2030, the European Investment Bank is investing EUR 39 trillion towards the development of its railways.
The United Kingdom’s watchdog for British transport users, Transport Focus, suggests that over 80% of passengers feel safe when travelling by train. However, the mounting incidences of train accidents in 2022 have necessitated investments in the development of cutting-edge safety technologies like automatic train protection systems to minimise the risk of loss of human lives and enhance the safety of travelling.
Digitalisation is reshaping the future of the railway industry by providing opportunities for various data-driven enhancements. This includes the use of AI-powered cameras for detecting anomalies in railway tracks and promptly notifying railway operators to bolster their security measures to prevent train accidents. Moreover, AI tools can be used to analyse passenger behaviour and optimise train schedules, thereby boosting the travelling experience of passengers.
Global Train Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Distribution Channel
Market Breakup by Region
| CAGR 2025-2034 - Market by | Format |
| Online | 4.0% |
| Offline | XX% |
| CAGR 2025-2034 - Market by | Region |
| Asia Pacific | 4.3% |
| Middle East and Africa | 3.5% |
| North America | 3.2% |
| Europe | XX% |
| Latin America | XX% |
The market is segmented based on region into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific is projected to dominate the market, representing 46% of the overall market share, while registering a CAGR of 4.3% over 2025-2034. This is due to rising infrastructure development in countries like India and China. In the forecast period of 2025-2034, India is assessed to grow at a CAGR of 5.0% due to the modernisation and advancement of rolling stocks and the rising integration of advanced technologies in trains.
Major rail companies are focusing on the integration of new onboard equipment into passenger trains that enable people to stay connected and enjoy a delightful travel experience with the provision of personalised information and services.
| CAGR 2025-2034 - Market by | Country |
| India | 5.0% |
| United Kingdom | 4.4% |
| Mexico | 3.8% |
| South Africa | 3.7% |
| USA | 3.1% |
| Canada | XX% |
| Germany | XX% |
| Italy | XX% |
| China | XX% |
| Australia | 2.9% |
| Brazil | XX% |
| Japan | 2.6% |
| France | 2.3% |
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*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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The market reached nearly USD 71.82 Billion in 2024.
The market is projected to grow at a CAGR of 3.60% between 2025 and 2034.
The market is assessed to witness healthy growth in the forecast period to reach around USD 102.29 Billion in 2034.
The different distribution channels in the market are online and offline.
The different regions covered in the market report are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key market players are Amtrak Corporation, Deutsche Bahn AG, SNCF Group, East Japan Railway Company, Italian State Railways, ÖBB Group, Via Rail Canada Inc., Korea Railroad Corporation, Central Japan Railway Company, and Greater Anglia, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| 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 Distribution Channel |
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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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