The Chinese Railway Market 2021
The Chinese railway technology market has a volume of EUR 37 billion and will grow by 3.6% p.a. until 2025. The worldwide largest rail market will mainly benefit from the growing after-sales market (CAGR...
The Chinese railway technology market has a volume of EUR 37 billion and will grow by 3.6% p.a. until 2025. The worldwide largest rail market will mainly benefit from the growing after-sales market (CAGR...
The Chinese railway technology market has a volume of EUR 37 billion and will grow by 3.6% p.a. until 2025. The worldwide largest rail market will mainly benefit from the growing after-sales market (CAGR +9.3%). Due to declining new procurements in the high-speed segment, new business will remain at the current level across all segments. (CAGR +0.7%). Dynamic growth in the OEM market is expected for the freight wagon, electric multiple unit and light rail vehicle segments.
Chinese railway technology companies have been investing heavily in the research and development of modern railway technology for years. The strategic plan “Made in China 2025”, issued by the central government in 2015, especially targets high-tech sectors which include the high-tech sector of the railway industry which is currently largely dominated by foreign companies.
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