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Global demand for rail is growing

Posting in Transportation

The global rail market is expected to grow rapidly in the coming years.

According to a new report from Frost & Sullivan, the rail networks in Africa, Latin America, and the Middle East are expected to double in size by 2022. And while high-speed rail projects have been canceled in places like Poland and Portugal, governments are looking to infrastructure -- especially transit infrastructure -- to spur economic growth.

"Efficiency requirements will spur the global adoption of advanced asset and fleet management tools such as remote diagnostics, passenger information and asset planning," said Shyam Raman Frost & Sullivan's automotive and transportation research analyst, in a statement. "With train operators using Internet protocol architecture for onboard Internet access as well as operation and safety services, opportunities will open up for next-generation multimedia applications. The U.K. and U.S. already have the highest number of rolling stock with Wi-Fi services in their respective regions."

Other key market projections:

  • Africa will experience the highest growth in the rail supply market.
  • North America will be the fastest growing market for light and commuter rail and metro rail will be the largest replacement market.
  • By 2020, China will have nearly 75,000 miles of rail.
  • Between 2015 and 2022, Europe is expected to replace 10,298 locomotives and 1,860 railcars.

Photo: Flickr/Leonardo, easthastings

— By on July 15, 2013, 9:00 PM PST

Tyler Falk

Contributing Editor

Tyler Falk is a freelance journalist based in Washington, D.C. Previously, he was with Smart Growth America and Grist. He holds a degree from Goshen College. Follow him on Twitter. Disclosure