Europe 40-foot Platform Wagons Market registering a CAGR of 4.7% from 2021 to 2028
Europe 40-foot Platform Wagons Industry Overview The Europe 40-foot platform wagons market size was valued at USD 598.5 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2021 to 2028. The outbreak of the COVID-19 pandemic has taken a severe toll on several industries across Europe. Moreover, the subsequent restrictions and resultant supply chain disruptions had a deeper impact on the production of freight wagons. As such, government schemes aimed at mitigating the impact of the pandemic on various sections of the economy, including rail freight transport, are expected to drive the growth of the market over the forecast period. Freight transportation holds a higher weightage in the overall economy of the EU and contributes significantly to the competitiveness of various industries and services. The growing demand for mobility in Europe has created a need for a well-integrated and efficient railway system capable of ad...