Steady growth in the demand for railway products and services can be expected for the next six years, according to the 2018 World Rail Market Study published this month. After a couple of relatively flat years, where some markets saw a decline in total volumes, all regions are expected to return to a positive trend between now and 2023. Stronger than average growth rates are predicted in Latin America and Africa/Middle East, with the Asia Pacific 'engine' of recent years continuing to grow at around 2.5% per annum.
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