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Light Rail - Global Strategic Business Report

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    Report

  • 107 Pages
  • February 2025
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1382308
The global market for Light Rail was valued at US$10.5 Billion in 2024 and is projected to reach US$13.4 Billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Light Rai Market - Key Trends and Drivers Summarized

The Light Rail market has been a significant sector in the transportation industry, showing consistent growth and a promising future. As urbanization increases and environmental concerns become more pressing, the demand for efficient and sustainable transit solutions like light rail systems has escalated. Modern light rail systems are emerging as a pivotal element in the urban transit landscape, providing significant benefits for city dwellers and the environment. As cities expand and the push for sustainable transit solutions becomes more urgent, light rail systems are being recognized not only for their efficiency but also for their role in enhancing urban living by providing improved connectivity and sustainable travel options. Modern light rail systems are becoming central to urban transit, transforming mobility and reshaping city landscapes through neighborhood renewal and economic growth. This renewal is supported by integrating land use, zoning laws, and economic strategies to ensure that light rail systems contribute positively to community identity and personal daily commute choices.

Governments and urban planners are intensifying efforts to combat urban traffic congestion by promoting public transport as a key solution. The growth of urban areas globally, especially in developing regions, has led to an increase in vehicle numbers, exacerbating congestion and environmental pollution. To address these challenges, initiatives are underway to enhance the attractiveness and efficiency of public transport systems. These include modernizing existing networks, expanding services, and integrating various modes of transport to offer seamless travel experiences, aiming to make public transport a more appealing alternative to private vehicle use.

Environmental consciousness is also shaping public transport trends, with an increasing number of individuals opting for public or shared transport solutions to reduce their carbon footprint. Light rail systems, in particular, are gaining popularity due to their lower emissions compared to other forms of public transport. Additionally, the integration of advanced technologies like artificial intelligence, machine learning, and blockchain is set to improve the performance and reliability of light rail systems, enhancing service quality and operational efficiency. Innovations in IoT and blockchain technology are especially crucial in evolving railway operations, offering new levels of automation, security, and efficiency, which contribute to the overall sustainability and effectiveness of urban transportation networks.

Report Scope

The report analyzes the Light Rail market, presented in terms of market value (USD). The analysis covers the key segments and geographic regions outlined below.

Segments

Segment (Light Rail).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Regional Analysis:

Gain insights into the U.S. market, valued at $2.8 Billion in 2024, and China, forecasted to grow at an impressive 7.2% CAGR to reach $2.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Light Rail Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Light Rail Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Light Rail Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of players such as Siemens AG, Mitsubishi Electric Coporation, Bombardier Inc., Trinity Industries, Inc., Alstom Group and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 12 companies featured in this Light Rail market report include:

  • Siemens AG
  • Mitsubishi Electric Coporation
  • Bombardier Inc.
  • Trinity Industries, Inc.
  • Alstom Group
  • The Greenbrier Companies
  • PKC Group
  • Wabtec Corporation
  • Nippon Sharyo, Ltd.
  • Vossloh AG
  • CAF, Construcciones y Auxiliar de Ferrocarriles, S.A.
  • Talgo
  • Cyient Ltd.
  • FreightCar America, Inc.
  • The Kinki Sharyo Co., Ltd.
  • CRRC Corporation Limited
  • Sinara-Transport Machines
  • Bradken Pty Limited

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • Light Rail - Global Key Competitors Percentage Market Share in 2025 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Urbanization & Increasing Investment in Transport Infrastructure Development Drives Light Rail Market Growth
  • Rising Demand for Sustainable and Eco-friendly Transportation Expands Addressable Market
  • Government Initiatives and Funding Strengthen Business Case for Light Rail Projects
  • Growing Focus on Reducing Traffic Congestion Spurs Light Rail Adoption
  • Advances in Electrification Propel Light Rail Market
  • Adoption of Renewable Energy Sources in Light Rail, a Key Trend in the Market
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Light Rail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • Table 2: World Historic Review for Light Rail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • Table 3: World 15-Year Perspective for Light Rail by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2015, 2025 & 2030
  • Table 4: World Light Rail Market Analysis of Annual Sales in US$ Million for Years 2015 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Light Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
  • Table 5: USA Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 6: USA Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
CANADA
  • Table 7: Canada Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 8: Canada Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
JAPAN
  • Light Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
  • Table 9: Japan Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 10: Japan Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
CHINA
  • Light Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
  • Table 11: China Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 12: China Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
EUROPE
  • Light Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
  • Table 13: Europe Recent Past, Current & Future Analysis for Light Rail by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • Table 14: Europe Historic Review for Light Rail by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • Table 15: Europe 15-Year Perspective for Light Rail by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2015, 2025 & 2030
FRANCE
  • Light Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
  • Table 16: France Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 17: France Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
GERMANY
  • Light Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
  • Table 18: Germany Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 19: Germany Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
ITALY
  • Table 20: Italy Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 21: Italy Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
UNITED KINGDOM
  • Light Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
  • Table 22: UK Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 23: UK Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
SPAIN
  • Table 24: Spain Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 25: Spain Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
RUSSIA
  • Table 26: Russia Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 27: Russia Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
REST OF EUROPE
  • Table 28: Rest of Europe Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 29: Rest of Europe Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
ASIA-PACIFIC
  • Light Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
  • Table 30: Asia-Pacific Recent Past, Current & Future Analysis for Light Rail by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • Table 31: Asia-Pacific Historic Review for Light Rail by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • Table 32: Asia-Pacific 15-Year Perspective for Light Rail by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2015, 2025 & 2030
AUSTRALIA
  • Light Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2025 (E)
  • Table 33: Australia Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 34: Australia Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
INDIA
  • Light Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2025 (E)
  • Table 35: India Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 36: India Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
SOUTH KOREA
  • Table 37: South Korea Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 38: South Korea Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
REST OF ASIA-PACIFIC
  • Table 39: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 40: Rest of Asia-Pacific Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
LATIN AMERICA
  • Light Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2025 (E)
  • Table 41: Latin America Recent Past, Current & Future Analysis for Light Rail by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • Table 42: Latin America Historic Review for Light Rail by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • Table 43: Latin America 15-Year Perspective for Light Rail by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2015, 2025 & 2030
ARGENTINA
  • Table 44: Argentina Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 45: Argentina Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
BRAZIL
  • Table 46: Brazil Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 47: Brazil Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
MEXICO
  • Table 48: Mexico Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 49: Mexico Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
REST OF LATIN AMERICA
  • Table 50: Rest of Latin America Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 51: Rest of Latin America Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
MIDDLE EAST
  • Light Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2025 (E)
  • Table 52: Middle East Recent Past, Current & Future Analysis for Light Rail by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • Table 53: Middle East Historic Review for Light Rail by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
  • Table 54: Middle East 15-Year Perspective for Light Rail by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2015, 2025 & 2030
IRAN
  • Table 55: Iran Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 56: Iran Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
ISRAEL
  • Table 57: Israel Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 58: Israel Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
SAUDI ARABIA
  • Table 59: Saudi Arabia Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 60: Saudi Arabia Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
UNITED ARAB EMIRATES
  • Table 61: UAE Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 62: UAE Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
REST OF MIDDLE EAST
  • Table 63: Rest of Middle East Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 64: Rest of Middle East Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
AFRICA
  • Light Rail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2025 (E)
  • Table 65: Africa Recent Past, Current & Future Analysis for Light Rail by Segment - Light Rail - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • Table 66: Africa Historic Review for Light Rail by Segment - Light Rail Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Siemens AG
  • Mitsubishi Electric Coporation
  • Bombardier Inc.
  • Trinity Industries, Inc.
  • Alstom Group
  • The Greenbrier Companies
  • PKC Group
  • Wabtec Corporation
  • Nippon Sharyo, Ltd.
  • Vossloh AG
  • CAF, Construcciones y Auxiliar de Ferrocarriles, S.A.
  • Talgo
  • Cyient Ltd.
  • FreightCar America, Inc.
  • The Kinki Sharyo Co., Ltd.
  • CRRC Corporation Limited
  • Sinara-Transport Machines
  • Bradken Pty Limited

Table Information