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Train And Components Market Future Growth Analysis, Regional Outlook 2020

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Updated on Nov 2, 2020

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The global train and components market is expected to decline from $211.4 billion in 2019 to $207 billion in 2020 at a compound annual growth rate (CAGR) of -2.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $256.7 billion in 2023.
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