Light Railways - Track Geometry Measurement System Market Statistics
The global light railways track geometry measurement system market size was valued at US$ 577.4 million in 2022 and is estimated to grow at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2030.
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Light railways - Track geometry measurement system market highlights
- The global light railways segment generated a revenue of USD 577.4 million in 2022 and is expected to reach USD 849.2 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 4.9% by 2030.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Market summary
| Market revenue in 2022 | USD 577.4 million |
| Market revenue in 2030 | USD 849.2 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
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Track Geometry Measurement System Market Scope
Track geometry measurement system market segmentation & scope
Track Geometry Measurement System Market Outlook
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