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.
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.
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.
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.
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.