Global Rail Sleepers Market to Reach $149.8 Billion by 2030
The global market for Rail Sleepers estimated at US$84.4 Billion in the year 2023, is expected to reach US$149.8 Billion by 2030, growing at a CAGR of 8.5% over the period 2023-2030. Concrete, one of the segments analyzed in the report, is expected to record 8.7% CAGR and reach US$140.7 Billion by the end of the analysis period. Growth in the Other Types segment is estimated at 5.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $22.1 Billion, While China is Forecast to Grow at 12.4% CAGR
The Rail Sleepers market in the U.S. is estimated at US$22.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$37.3 Billion by the year 2030 trailing a CAGR of 12.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 7.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.
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