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Railway

Overview of the railway sector

The railway sector is one of the most vital segments of the transport industry. It includes transporting goods using railcars pulled along the tracks by locomotives. Also, it includes services related to railway technology. It comprises the sale, manufacture, operation, maintenance, and repair of such goods. Likewise, it consists of the production of railcars, locomotives, and tracks. It also includes the retailing of railway services. It includes, for example, the purchase of tickets. The railway sector has been around since the 17th century. It results in an industry that employs in some regions more than 1 million direct and 1.2 million indirect professionals. They operate in more than 40,700 enterprises.

Is the sector innovative and highly valued?

It is one of the most valuable sectors of the transport industry. For example, it has recently reached a market size of $276.2 billion. The sector has an extensive network. It is due to the importance of rail transport for many industries. For example, its services are essential for the mining, metal and automotive sectors. It is also vital for the construction, agriculture, energy, chemical, and food industries. Likewise, its services are used by the manufacturing, retail, and tourism sectors. It also applies to the apparel, woodworking, and wood industries. The sector often implements innovations. It enables it to maintain its competitive position and meet the latest demands. The sector's novel solutions are frequently presented during biannual trade expos. Such events attract thousands of participants.