Market Overview:
The global urban rail vehicle market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for public transportation in urban areas, rising population and growing economies. In terms of type, the subway segment is expected to hold the largest share of the global market during the forecast period. This can be attributed to factors such as increasing investments in metro projects and rising demand for high-capacity transit systems in densely populated cities. In terms of application, large cities are expected to account for a majority of the global market during the forecast period.
Product Definition:
Urban rail vehicles are those that are used in urban areas, typically for public transportation. They include buses, light rail vehicles, and streetcars. Urban rail vehicles are important for public transportation because they can help reduce traffic congestion and pollution in urban areas.
Subway:
Subway is the new urban transport mode that has been gaining popularity in various cities across the globe. Subway, being a low-cost mode of urban transportation, is increasingly becoming popular among commuters to get from one place to another quickly and conveniently. The primary benefit offered by this mode of transportation is its cost efficiency as compared to other modes such as buses and taxis.
Tram:
The tram is a self-propelled vehicle that runs on rails. It is mainly used for passenger transportation in cities and towns. Trams also have the ability to operate without power, using only gravity and momentum for propulsion. They are usually powered by electricity, but some models use diesel or even steam engines as well.
Application Insights:
The large city application segment dominated the global urban rail vehicle market in 2017, accounting for over 60% of the overall revenue share. The segment is expected to witness significant growth owing to rising demand for high-speed rail services within major cities across various regions, including North America and Europe.
In addition, governments are undertaking initiatives to expand the scope of public transport systems within large cities by developing new lines and connecting existing lines with higher speed trains. For instance, in 2016 China announced plans to invest USD 100 billion over the next five years on railway development projects aimed at linking remote areas with major cities by building high-speed railways.
Regional Analysis:
Asia Pacific dominated the global urban rail vehicle market in 2017 and is expected to continue its dominance over the forecast period. The presence of large cities such as Tokyo, Beijing, Shanghai, and Delhi coupled with growing investments in these systems by China and Japan are some of the key factors contributing to regional growth. Furthermore, increasing passenger traffic owing to rapid urbanization along with rising disposable incomes is expected to drive demand for metro services over the next eight years.
The Asia Pacific region is characterized by a high population density along with expanding transportation infrastructure networks supporting rapid urbanization across countries such as China and India. In addition, supportive government initiatives aimed at reducing pollution levels within cities are anticipated to fuel industry growth over the coming years. The Middle East & Africa region accounted for a relatively lower share owing to lack of proper infrastructure support; however this may change in near future due to new government policies encouraging private investment through PPP models or public-private partnerships (PPP).
Growth Factors:
- Increasing demand for public transportation: The increasing population and the subsequent increase in the number of commuters is one of the primary growth drivers for the urban rail vehicle market.
- Government initiatives to promote public transportation: Governments across various countries are promoting public transportation through various initiatives such as subsidies, tax benefits, and investment in infrastructure development. This is also aiding in the growth of the urban rail vehicle market.
- Development of smart cities: The development of smart cities is another key factor driving demand for urban rail vehicles as these systems are integral to efficient and sustainable city planning and operations.
- Technological advancements: Urban rail vehicles are becoming increasingly technologically advanced with features such as energy-efficient operation, automated controls, and passenger information systems among others, which is resulting in their increased adoption across cities worldwide. 5) Growing awareness about environment-friendly transport options: There is a growing awareness among people about environment-friendly transport options such as urban rail vehicles that run on clean energy sources like electricity or solar power
Scope Of The Report
Report Attributes
Report Details
Report Title
Urban Rail Vehicle Market Research Report
By Type
Subway, Tram, Light Rail, Others
By Application
Large City, Medium-sized City, Small City
By Companies
CRRC Corporation Limited, Knorr-Bremse, Bombardier, Alstom, Siemens, Mitsubishi, PKC Group, Progress Rail Services, Promtractor-Vagon CJSC, SCG Solutions, Sinara Transport Machines, Skoda Transportation, Hyundai Rotem, Inekon Trams, US Railcar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Urban Rail Vehicle Market Report Segments:
The global Urban Rail Vehicle market is segmented on the basis of:
Types
Subway, Tram, Light Rail, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large City, Medium-sized City, Small City
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CRRC Corporation Limited
- Knorr-Bremse
- Bombardier
- Alstom
- Siemens
- Mitsubishi
- PKC Group
- Progress Rail Services
- Promtractor-Vagon CJSC
- SCG Solutions
- Sinara Transport Machines
- Skoda Transportation
- Hyundai Rotem
- Inekon Trams
- US Railcar
Highlights of The Urban Rail Vehicle Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Subway
- Tram
- Light Rail
- Others
- By Application:
- Large City
- Medium-sized City
- Small City
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Urban Rail Vehicle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Urban rail vehicle is a type of railway vehicle that operates in an urban area.
Some of the major players in the urban rail vehicle market are CRRC Corporation Limited, Knorr-Bremse, Bombardier, Alstom, Siemens, Mitsubishi, PKC Group, Progress Rail Services, Promtractor-Vagon CJSC, SCG Solutions, Sinara Transport Machines, Skoda Transportation, Hyundai Rotem, Inekon Trams, US Railcar.
The urban rail vehicle market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Urban Rail Vehicle Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Urban Rail Vehicle Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Urban Rail Vehicle Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Urban Rail Vehicle Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Urban Rail Vehicle Market Size & Forecast, 2020-2028 4.5.1 Urban Rail Vehicle Market Size and Y-o-Y Growth 4.5.2 Urban Rail Vehicle Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Subway
5.2.2 Tram
5.2.3 Light Rail
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Large City
6.2.2 Medium-sized City
6.2.3 Small City
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Urban Rail Vehicle Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Urban Rail Vehicle Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Subway
9.6.2 Tram
9.6.3 Light Rail
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Large City
9.10.2 Medium-sized City
9.10.3 Small City
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Subway
10.6.2 Tram
10.6.3 Light Rail
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Large City
10.10.2 Medium-sized City
10.10.3 Small City
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Subway
11.6.2 Tram
11.6.3 Light Rail
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Large City
11.10.2 Medium-sized City
11.10.3 Small City
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Subway
12.6.2 Tram
12.6.3 Light Rail
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Large City
12.10.2 Medium-sized City
12.10.3 Small City
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Subway
13.6.2 Tram
13.6.3 Light Rail
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Large City
13.10.2 Medium-sized City
13.10.3 Small City
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Urban Rail Vehicle Market: Competitive Dashboard
14.2 Global Urban Rail Vehicle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CRRC Corporation Limited
14.3.2 Knorr-Bremse
14.3.3 Bombardier
14.3.4 Alstom
14.3.5 Siemens
14.3.6 Mitsubishi
14.3.7 PKC Group
14.3.8 Progress Rail Services
14.3.9 Promtractor-Vagon CJSC
14.3.10 SCG Solutions
14.3.11 Sinara Transport Machines
14.3.12 Skoda Transportation
14.3.13 Hyundai Rotem
14.3.14 Inekon Trams
14.3.15 US Railcar