Global Rail Trends in 2024
Rail is part of Rail Transportation and includes a number of sub-sectors such as Railroad, Electric Railway and Railway Equipment. You may also be interested in Rolling Stock.
The global rail network is projected to grow to approximately 910,000 route-kilometers by 2028, up from around 887,000 route-kilometers in 2023. This marks an average annual growth rate of 0.4%. Since 2019, the global supply of rail length has been increasing at an average rate of 0.6% per year. The United States leads the world in rail length, boasting 148,000 route-kilometers in 2023. China, Russia, and India follow as the second, third, and fourth largest rail networks, respectively. Notably, Turkmenistan has seen a significant increase in its rail length, growing by 4.3% annually. In contrast, Gabon experienced a decline, with its rail length decreasing by 4.4% per year since 2019.
Top 10 countries
In 2024 major markets in the Rail Industry were:
