The global railway system market has witnessed exponential growth over the last few years.
Its market size was valued at $24.72 billion (Sh2.5 trillion) in 2018 and is projected to reach $37.36 billion (Sh38 trillion) by 2026, registering a compound annual growth rate (CAGR) of 5.4 per cent. This is according to Allied Market Research, a US-based firm.