Global Trams Market, By Type (Articulated Tram, Double-Decker Tram, Rubber-Tired Tram and Restaurant Tram), Fuel Type (Electric, Battery Powered, Liquid Fuel, Hybrid and Others), Passenger Capacity (Below 60 Passengers, Between 60 to 150 Passengers and More than 150 Passengers), Design (Single Ended Trams and Double Ended Trams), Sales Channel (Original Equipment Manufacturer and Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Trams Market
Data Bridge Market Research analyses that the trams market would exhibit a CAGR of 4.2% for the forecast period. Rising urbanization and construction of smart cities, increasing passenger population and increased focus on energy efficient modes of transportation are the two major factors attributable to the growth of trams market. This signifies that the global trams market which was USD 1,492.00 million in 2020, would stand tall by USD 2,073.53 million by the year 2028.
A tram is a passenger vehicle that runs on the tram runways along public urban streets. Trams are lightweight passenger vehicles that consist of a tractor unit and one or more than one trailer for passengers. Trams are shorts in length and can also be seen as shuttle services between public accommodations, amusement parks and recreational areas.
Increased urbanization coupled with increasing number of commuters in the metropolitan cities has resulted in growth in the trams market value. Growth and expansion of recreational sector owing to increased tourism and automotive industry will also create lucrative growth opportunities for the trams market. Rising migration of people coupled with increased concerns about traffic globally due to overpopulation will also foster the trams market growth. Stringent regulations on vehicular emissions will also propel the trams market growth rate. Increasing environmental concerns coupled with supportive initiatives by the government are some other important trams market growth determinants.
However, high investments involved in the trams transportation infrastructure will pose a major slowdown the trams market growth rate. Also, travelling by trams is costlier in comparison to buses for the passenger. This in turn will also hamper the trams market growth rate. Further, easy, time-saving and economical availability of alternative modes of transportation will challenge the trams market growth rate.
This trams market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on trams market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Trams Market Scope and Market Size
The trams market is segmented on the basis of type, fuel type, passenger capacity, design and sales channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the trams market has been segmented into articulated tram, double-decker tram, rubber-tired tram and restaurant tram.
- On the basis of fuel type, the trams market has been segmented into electric, battery powered, liquid fuel, hybrid and others. Others segment is sub-segmented into hydrogen and compressed air and gas.
- On the basis of passenger capacity, the trams market has been segmented into below 60 passengers, between 60 to 150 passengers and more than 150 passengers.
- On the basis of design, the trams market has been segmented into single ended trams and double ended trams.
Trams market has also been segmented on the basis of sales channel into original equipment manufacturer and aftermarket.
Global Trams Market Country Level Analysis
Global trams market is analysed and market size insights and trends are provided by country, type, fuel type, passenger capacity, design and sales channel as referenced above.
The countries covered in the trams market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the trams market and will continue to flourish its trend of dominance during the forecast period where Germany, Italy, France and Spain will emerge as the major contributors. This is because of the fact that these countries’ increasing fleet of rolling stock such as trams and others. Asia-Pacific on the other hand is projected to register the highest CAGR during the forecast period owing to the increase in population and development of public infrastructure in major countries in the region such as China and India.
The country section of the trams market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Trams Market Share Analysis
The trams market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to trams market.
The major players covered in the trams market report are Bombardier, Alstom, Kawasaki Heavy Industries, Ltd., Siemens, General Electric Company, HYUNDAI ROTEM COMPANY, Hitachi, Ltd., Toshiba Corporation, CAF, Construcciones y Auxiliar de Ferrocarriles, S.A, ABB, KINKISHARYO International, LLC, ŠKODA TRANSPORTATION a.s., The Kinki Sharyo Co.,Ltd., Vossloh, Stadler Rail AG, Durmazlar Makina A.S., CRRC, Brookville Equipment Corporation and Kawasaki Heavy Industries, Ltd. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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