Rail Composites Market Breakdown: Applications, Materials, and Regional Insights
The rail composites market was estimated at USD 1.25 billion in 2022 and is likely to grow at a CAGR of 4.6% during 2023-2028 to reach USD 1.64 billion in 2028.
Composite materials have an exceptional strength-to-weight ratio; therefore, with the integration of composite carriages, structural elements, and interiors, the overall weight of trains can be significantly reduced.
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