Investigation of the World Railway Sector Development Prospects and Turkey's Status

Alper Uğur

Alphanumeric Journal, 2019, vol. 7, issue 2, 369-398

Abstract: Todays, changing consumer habits, comfort convenience, speed, environment and safety in terms of transportation by rail as a reliable transportation route is a sustainable and efficient option comes to the fore. Railway investments are increasingly rising worldwide to reduce regional economic and social development disparities. According to the study of the European Rail Industry Association (UNIFE), market growth prospects in the railway sector in the coming years, the world rail market is expected to reach an average annual value of € 185 billion in 2016-2021, with an annual growth rate of 2.3%. Railway sector product and service providers are expected to reshape their future organizational plans in the related works in a way that will meet customer expectations in freight and passenger transport in order to increase efficiency and quality management within the framework of market development expectations in the coming years. In this study, regional expectations of market growth for railways product and service groups in the World and Turkey’s current status are analyzed in accordance with statistical data and information that are obtained from different sources depend on the railway sector and the expected developments are evaluated. In the conclusion section the results were shared with the suggestions to increase of the Turkish railway sector ratio in the world railways market in the future.

Keywords: Forecast; Product Groups; Railway Sector; Turkish Rail Market; World Market Growth (search for similar items in EconPapers)
JEL-codes: C01 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:anm:alpnmr:v:7:y:2019:i:2:p:369-398

DOI: 10.17093/alphanumeric.582290

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