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The light rail market is forecasted to grow by USD 3.74 billion during 2023-2028, accelerating at a CAGR of 4.1% during the forecast period. The report on the light rail market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid growth of urban areas, growing need for reduction of traffic congestion, and increasing demand for sustainable transportation.
The light rail market is segmented as below:
By Type
- High capacity light rail
- Low capacity light rail
By Application
- Intra-city transport
- Inter-city transport
By Geographical Landscape
- Europe
- APAC
- North America
- Middle East and Africa
- South America
The report on the light rail market covers the following areas:
- Light rail market sizing
- Light rail market forecast
- Light rail market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by Application
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global light rail market: ALSTOM SA, CRRC Corp. Ltd., General Electric Co., Hitachi Ltd., Hyundai Heavy Industries Group, Kawasaki Heavy Industries Ltd., Kintetsu Group Holdings Co. Ltd., Knorr Bremse AG, Mitsubishi Heavy Industries Ltd., Mott MacDonald, Parsons Corp., Pesa Group, Samvardhana Motherson International Ltd., Schunk GmbH, Siemens AG, Stadler Rail Ag, SYSTRA SA, Thales Group, WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP., and WSP Global Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is high investment by governments in light rail."
According to the report, one of the major drivers for this market is the rapid growth of urban areas.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ALSTOM SA
- CRRC Corp. Ltd.
- General Electric Co.
- Hitachi Ltd.
- Hyundai Heavy Industries Group
- Kawasaki Heavy Industries Ltd.
- Kintetsu Group Holdings Co. Ltd.
- Knorr Bremse AG
- Mitsubishi Heavy Industries Ltd.
- Mott MacDonald
- Parsons Corp.
- Pesa Group
- Samvardhana Motherson International Ltd.
- Schunk GmbH
- Siemens AG
- Stadler Rail Ag
- SYSTRA SA
- Thales Group
- WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.
- WSP Global Inc.
