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Urban Rail Transit Market (Transit Type - Metro Rail, Light Rail, and Monorail): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : March, 2020

  • Rep Id : EIM0282

  • Category : Energy, Mining and Infrastructure

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Urban Rail Transit Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Urban Rail Transit Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Urban Rail Transit Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on the urban rail transit market provides an in-depth analysis of segments and sub-segments in the global as well as regional urban rail transit market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional urban rail transit market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global urban rail transit market. According to the report, the global urban rail transit market is projected to grow at a CAGR of 5.9% over the forecast period of 2019-2025.

 

Market Insight

The urban rail transit system includes all railway transportation that occurs in urban and suburban areas. It comprises of trains, suburban trains, and metro. It is generally operated by governing body and in some nations, it is operated by a government body combined with the privately-owned company. Urban rail transit systems have prime importance in transportation in densely populated cities. Thus safety regarding the operation of the transit system is of vital importance.

 

The growth of the urban rail transit market is attributed to rapid urbanization and a growing population in urban areas. A surge in demand for safe, fast, and economical mode of transportation led to the development of urban rail transit market. Further, rising pollution and increasing fuel prices stimulate the demand for the urban rail transit market. The rise in the number of on-road vehicles creates traffic problems contributing to the demand for the urban rail transit market. Additionally, the emergence of autonomous urban rail transit system promotes improved safety and effectiveness by minimizing the travel time. It has attracted the passengers to choose rail transit systems such as train as a public transport mode. The pollution from vehicle emissions has become a global concern. The government of several countries focused on reducing pollution from the transportation industry. The train is a less polluting mode of transportation as compared to buses and cars. The government is focused on improving the railway connectivity in urban areas contributing to the expansion of the urban rail transit market. On the flip side, the high cost of trains is not affordable to several nations with a lower GDP rate that hinders the growth of the urban rail transit market. Moreover, infrastructure development and innovations in the rail transit systems create numerous opportunities for the growth of the urban rail transit market.

 

Geographically, the global urban rail transit market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific region is expected to hold a dominant share in the global urban rail transit market. The expanding railway network across the Asia-Pacific region contributes to the growth of the market. ‘One Belt, One Road’ initiative by China made the two ends of Eurasia closer to each other through two routes- one overland and one maritime. It promotes the economic and strategic domination of countries along these routes. Europe has fruitful growth opportunities in the global urban rail transit market. Growing demand for safer and faster transportation infrastructure stimulates the expansion of the urban rail transit market in Europe. North America has significant growth in the global urban rail transit market. Light rail is a commonly used public transit mode in North America.

 

Segment Covered

The report on global urban rail transit market covers segments such as transit type. On the basis of transit type, the sub-markets include metro rail, light rail, and monorail.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Siemens AG, Hitachi Ltd., Robert Bosch GmbH, Thales Group, CRRC Corporation Limited, Bharat Forge Limited, Wabtec Corporation, Alstom S.A., Downer Group, Scomi Engineering BHD, and Other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of urban rail transit market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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