Global Urban Rail Transit Market, By Rail Type (Metro/Subway, Monorail, Suburban, Tram), Autonomy (Manual, Semi-Autonomous, Fully Autonomous), Autonomy Level (GoA-0, GoA-1, GoA-2, GoA-3, GoA-4), 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, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Urban Rail Transit Market
The urban rail transit market is expected to witness market growth at a rate of 4.10% in the forecast period of 2021 to 2028. Data Bridge Market Research report on urban rail transit market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the urban rail transit market’s growth. The rapid urbanization is escalating the growth of urban rail transit market.
Urban rail transit refers to one of the most convenient and safe mode of transportation within cities. It is known for its advantages of low energy consumption and high efficiency and thus, they are widely recognized on an international level.
The increase in demand owning to the high passenger capacity per lane, per hour and lowering of operating cost per passenger acts as one of the major factors driving the growth of urban rail transit market. The rise in the need for solutions that make daily mobility simpler, reliable, faster and affordable and the high pressure on urban rail transit providers and policymakers to meet these mobility and transportation needs accelerate the urban rail transit market growth. The growing concerns regarding reducing costs, space requirements, noise and CO2 emissions of transportation globally and the increase in need for inexpensive, environment-friendly and rapid mode of transportation system further influence the urban rail transit market. Additionally, government initiatives for smart cities and PPP working models, rapid urbanization, growing rate of population and surge in investment for in expanding railway network positively affect the urban rail transit market. Furthermore, research and development and technological advancements extend profitable opportunities to the urban rail transit market players in the forecast period of 2021 to 2028.
On the other hand, high capital investment, inflexibility of route and disruption in traffic during construction activities are expected to obstruct the urban rail transit market growth. The negative impact of COVID-19 urban rail transit supply chains is projected to challenge the urban rail transit market in the forecast period of 2021-2028.
This urban rail transit market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 urban rail transit market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Urban Rail Transit Market Scope and Market Size
The urban rail transit market is segmented on the basis of rail type, autonomy and autonomy level. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of rail type, the urban rail transit market is segmented into metro/subway, monorail, suburban and tram.
- On the basis of autonomy, the urban rail transit market is segmented into manual, semi-autonomous and fully autonomous.
- On the basis of autonomy level, the urban rail transit market is segmented into GoA-0 (on-sight), GoA-1 (manual), GoA-2 (semi-automatic train operation [STO]), GoA-3 (driverless train operation [DTO]) and GoA-4 (unattended train operation [UTO]).
Global Urban Rail Transit Market Country Level Analysis
The urban rail transit market is analyzed and market size, volume information is provided by country, rail type, autonomy and autonomy level as referenced above.
The countries covered in the global urban rail transit 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 the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific is expected to witness high growth in the urban rail transit market during the forecast period of 2021 to 2028 due to the high urban rail transit infrastructure project investments by rapidly developing countries, governments promoting public transport systems and massive upgrade to fuel a modal shift from private vehicles within the region.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Urban Rail Transit Market Share Analysis
The urban rail transit 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, 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 urban rail transit market.
The major players covered in the urban rail transit market report are CRRC, Alstom, LARSEN & TOUBRO LIMITED, Siemens, Kawasaki Heavy Industries, Ltd., Hitachi, Ltd., Bombardier, CAF, Construcciones y Auxiliar de Ferrocarriles, S.A., MITSUBISHI HEAVY INDUSTRIES, LTD., Motherson, ŠKODA TRANSPORTATION a.s., The Greenbrier Companies 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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