Urban Rail Transit Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026


#6949

Transparency Market Research

$ 5795

The urban rail transit system encompasses all the railway transportation occurring within the urban and suburban area. It mainly comprise of metro, sub-urban trains, and trams. The urban rail transit systems are generally operated by the governing body, whereas across several nation, the system is operated by the governing body in combination with a privately owned company. The urban rail transit system plays a vital role in transportation across densely populated cities. Therefore the safe operation of the transit system is of primary importance.

The global urban rail transit system is mainly driven by the rapid urbanization. Increasing population across urban area is fueling the demand for fast, safe, and economical mode of transportation, which in turn propelling the global urban rain transit market. According to the World Bank group, the ratio of population living in urban area is about 54% of the total population and it is increasing year on year. Moreover, the increasing pollution, increase in number of on-road vehicles, and increasing fuel prices are surging the demand for urban rail transit system. Enlarging autonomous level of urban rail transit system is increasing the safety and effectively reducing the travel time, which in turn attracting the passenger to use a public transport mode such as train. Considering the increase in pollution, government of several nations are well focused at reducing the pollution occurring from transportation industry. Train is a significantly less polluting mode of transportation than that of cars and bus, owing to which governing bodies are well focused at enhancing the railway connectivity across the urban area, which in turn is fueling the demand for urban rail transit system.

Major restraint to the global rail transit market is its cost. The cost of a train is not affordable for several nations having critically lower GDP, which is restraining the expansion of global urban rail transit market.

The global urban rail transit market can be segmented based on transit type, autonomy level, components, and region. In terms of transit type, the global urban rail transit market can be classified into four segments. Sub-urban trains are a prominent mode of connectivity between urban and suburban area. A mass number of passenger transportation occur via sub-urban trains. Metro trains are considered as a rapid, comfortable, and safer mode of transportation, owing to which the metro/subway segment of the global urban rail transit market is expanding with a rapid pace. Metros are witnessing a surged integration of automation and advanced technologies in order to make it more safer mode of transportation.

Based on autonomy level, the global urban rail transit market can be divided into five segments. Train transportation is witnessing the introduction phase of implementation of advanced technologies and automation. Therefore, major share of the urban rail transit market is accounted by the Grade of Automation (GoA) 0 segment of the non-automated trains. Metros and monorails are witnessing a surged adoption of GoA 1 and GoA 2 level of autonomy. Governing bodies are well focused at implementing the higher level of autonomy in order to enhance the safety of passengers.

Based on components, the global urban rail transit market can be segregated into seven segments. As the fuel driven engines are highly polluting, electrically operated trains are witnessing a boosted demand across the globe. A trains have a number of wheels, therefore the wheels and undercarriage component segment of the urban rail transit market contributed for major share of the total market revenue generated in fiscal year 2017. Electric and electronic components are essential part of an urban rail transit.

Geographically, the global urban rail transit market can be segmented into five prominent regions. Asia Pacific region comprise of rapidly developing nations such as China and India. The railway network across the region is expanding with a significantly higher pace. China has initiated the “One Road One Belt” strategy, which is aimed at connecting the Asian nation with the Europe in order to expanding the business and offer lucrative opportunities for development of nation across Asia. The initiative taken by China is expected to offer numerous opportunities for global players operating in the urban rail transit market. Middle East and Africa region is expected to witness a boosted demand for urban rail transit. Middle East nations are well focused at building safer and faster transportation infrastructure, which in turn is fueling the demand for rail transit system, especially for automated rail transits.

Key players operating in the global urban transit market are SIEMENS AG, Alstom S.A., Knorr-Bremse AG, Bombardier Transportation, Hitachi Ltd., Ansaldo STS, Mitsubishi Electric, Robert Bosch GmbH, Thales Group, and Wabtec Corporation., CRRC Corporation limited, Bharat Forge, and GHH-BONATRANS.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.