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Global Railway Maintenance Machinery Market to Reach $4.9 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Railway Maintenance Machinery estimated at US$3.5 Billion in the year 2020, is projected to reach a revised size of US$4.9 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027. Tamping Machines, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$2.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Stabilizing Machines segment is readjusted to a revised 4.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $965.6 Million, While China is Forecast to Grow at 8.6% CAGR
The Railway Maintenance Machinery market in the U.S. is estimated at US$965.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 8.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 4.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$637.6 Million by the year 2027.



Ballast Cleaning Machines Segment to Record 3.9% CAGR
In the global Ballast Cleaning Machines segment, USA, Canada, Japan, China and Europe will drive the 3.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$401.4 Million in the year 2020 will reach a projected size of US$512.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 5.1% CAGR through the analysis period.