Key Market Indicators
Japanese rail infrastructure expenditure is projected to hit approximately €18.6 billion by 2028, marking an increase from €17.6 billion in 2023. This growth represents a compound annual growth rate (CAGR) of 0.9% year on year. Since the year 2000, demand for rail infrastructure in Japan has expanded at an annual rate of 3.1%. In contrast, the total length of Japan's rail network is expected to decline. By 2028, the rail length is anticipated to reach 17,900 route-kilometers, down from 18,310 route-kilometers in 2023. This represents a year-on-year decrease of 0.4% CAGR. Over the past two decades, the country's rail supply has diminished at an average annual rate of 0.9%. Japan ranked 11th globally in rail length in 2023, with Poland surpassing it at 18,310 route-kilometers. China, Russia, and India occupied the second, third, and fourth positions, respectively, in this ranking.
