This industry research report presents a detailed segmentation of the global light rail market by geography (the Americas, APAC, Europe, and MEA). The leading vendors in this market are Bombardier, Alstom, Siemens, Mitsubishi, CRRC, and Construcciones Y Auxiliar De Ferrocarriles SA (CAF).
Technavio’s market research analysts estimate the global light rail market to grow at a CAGR of around 5% between 2016 and 2020. The demand for enhanced public transportation services has led to an increase in demand for urban transit rolling stock, thus driving the growth of the light rail market. Increase in investment for rail infrastructure projects and expansion of manufacturing sites by the market vendors is expected to drive the growth of the market over the next four years. Europe is expected to be the leading region in the global light rail market, owing to the recent increase in the number of rail infrastructure projects across countries like France, Sweden, the UK, and Germany.
The new market research report from Technavio provides a breakdown and analysis of the light rail segments by technology.
“Growing preference for public-private partnership (PPP) model in developing countries is a key trend gaining traction in this market. Since the PPP model offers cost savings and better risk sharing benefits, it is extensively used for railway infrastructure projects for their funding and implementation. In this model, the private players enter into long-term contracts with public or government authorities for the delivery and maintenance of urban transit systems. Such contracts provide greater certainty about the timely delivery of projects as these contracts are set on target fulfillment basis to ensure payment,” Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research
Growing rail supply market globally is expected to exert positive influence on urban transit solutions, thus driving the growth of the market in the coming years. The rail supply market includes all rail infrastructure turnkey projects, rail signaling services, and rolling stock. The growth in overall rail supply market exerts positive impact on the light rail vehicle transit segment as these are correlated. The European region is the predominant marketplace in the global rail supply market, as countries such as France, Germany, and the UK have the majority of the leading vendors which have operations and manufacturing sites in these countries. The growing rail supply market exerts increase in demand for solutions urban transportation solutions, thus driving the growth of the market.
The leading vendors in the global light rail market include Bombardier, Alstom, Siemens, Mitsubishi, CRRC, and Construcciones Y Auxiliar De Ferrocarriles SA (CAF). The market is moderately competitive due to the presence of a few vendors. The vendors that have a vast geographical presence with respect to the rail supply and its infrastructure business will gain maximum market traction during the forecast period. The market is also characterized by its capital-intensive nature, which requires high initial investment cost. The key differentiating element in this industry is the contract fulfillment and project cost offered by companies.
A more detailed analysis is available in the Technavio report, Global Light Rail Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
