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Metro trains operate mostly in the metropolis region covering all the major areas such as residential, commercial, and entertainment sectors. For this reason, it has become the backbone of public transport, reducing people's dependency on their personal cars and bikes to travel across the city. Due to this, a well-organized operational metro rail infrastructure is necessary for the functioning of the metro rail system. Rapid transportation causes workers and professionals to spend less time traveling, resulting in increased work efficiency. Metro is also known as the subway and underground.
With a substantial increase in population and urbanization, metro rails are considered an efficient mode of mass traveling. Pollution caused by personal vehicles is also a base factor in encouraging the use of public transportation, creating the need for the development of metro rail infrastructure to cater to the demand. In 2021, there were nearly 470 new and proposed metro rail projects worldwide, spanning over 8,500 km in six regions.
Development in the metro rail infrastructure will improve the usefulness and efficiency of the metro rail transit system, resulting in increased business for commercial development, thus helping to improve the country's economy. Factors, such as a large number of commuters, lower operating costs, eco-friendly, and reduction in the journey time, result in increased demand for metro, thus creating a need for metro rail infrastructure development and driving the market. However, huge construction costs, traffic disruption during construction, and the requirement for the latest technology restrain the metro rail infrastructure market.
The COVID-19 pandemic has had a disastrous effect on the metro rail infrastructure market. Government-imposed lockdowns and travel restrictions negatively impacted the public transportation sector. Several projects were halted during the pandemic, which affected the infrastructure industry. Furthermore, after the pandemic, infrastructure development took time due to factors such as low investments, material unavailability, and inadequate workforce availability, which slowed down the projects. However, post-pandemic scenarios witnessed rising demand for metro rail infrastructure due to the increasing movement of people for work and businesses.
The report will cover the following key insights:
By structure, the market is divided into elevated, at grade level, and underground. Elevated metro infrastructure is an economical and easier way to build as there is no need for expensive digging for the tunnel for underground railways and to create barriers. Elevated metro structures are also more advantageous than street railways in the area adjacent to the sea level, causing no obstruction in operation during the rise of the water table. It also helps in avoiding traffic interaction. However, elevated metro structures cause the loss of aesthetics blocking the scenery and obstructing sunlight.
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The APAC region dominates the market. The APAC region witnesses substantial growth in the market due to its rapid growth in urbanization and demand for fast, safe, and reliable rapid mass transit systems. China dominates the metro rail infrastructure market due to its high ridership and implementation of new railway lines. China currently has 43 metros in operation. The Shanghai metro has an annual ridership of about 2.83 billion trips. This creates a lucrative demand for efficient metro rail infrastructure, thus propelling the market.
The report will include the profiles of key players such as GE Co. Ltd, Siemens, Alstom, National Railroad Passenger Corporation, BNSF Railway Company, PCG Digital, SmartSites, Vivial Media Holdings, Inc., Sincro LLC, and 8Cats Automotive.
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