"Market Intelligence for High-Geared Performance"

Urban Rail Transit Market Size, Share & Industry Analysis, Based on rail type (Trams., Metro/Subway., Monorail., Suburban.), Based on autonomy (Manual., Semi-Automated., Fully-Automated.), Based on autonomy level (GoA 2 (Semi-automatic), GoA 3., GoA 4.) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105961 | Status : Ongoing

 

KEY MARKET INSIGHTS

Urban rail transit is the safest and suitable means of transportation within urban cities. It is recognized for its high efficiency and low energy consumption, and consequently, they are majorly acknowledged on an international level. The factors such as lower operating cost per passenger and high passenger capacity per lane per hour are attributed to the increased use of urban rail transit. The increase in the need for solutions that make daily transportation easier, reliable, faster, and affordable and the high pressure on urban rail transportation providers and policymakers to congregate this mobility and transportation needs will accelerate the growth of urban rail transit.


There is a rise in environmental concerns regarding space requirements, noise and CO2 emissions of transportation internationally, and the increase in the need for cheap, environment-friendly, and fast modes of transportation. Additionally, government initiatives for smart cities and different working models, rapid urbanization, the rate of an ever-increasing population, and substantial investment for expanding railway networks in emerging economies positively influence the growth of the urban rail transit market. On the other hand, a large amount of capital investment, firmness of route, and interruption in traffic during construction activities are likely to restrain the growth of the urban rail transit market.

Up Arrow

Key Market Driver -

surge in investments for rail projects and growth of rail supply market are some of the major drivers of the market.

Down Arrow

Key Market Restraint -

the large amount of capital investment and firmness of route and interruption in traffic during construction are some of the major restrains for the market


Market Segmentation:


The urban rail transit market can be segmented based on rail type, based on autonomy, based on autonomy level, and by region. Based on rail type, the market is sub-segmented into trams, metros/subways, monorail, and suburban. Light urban rail transit systems, such as trams, have become a fixture in several cities around the globe. Currently, they are being acknowledged as the most capable system for Tier 2 and Tier 3 cities. New initiatives in developing countries in tram systems are expected to increase the implementation of trams in numerous cities during the forecast period. Based on autonomy, urban transit systems are segmented into manual, semi-automated, and fully automated systems. The semi-automatic segment accounted for the largest market share in 2020. The urban rail transit systems are likely to be connected, data-driven, shared, on-demand, and highly automated. Factors such as reducing traffic congestion and enhanced running time of trains are expected to drive the growth of the segment. Based on autonomy level, the market is further sub-segmented into GoA-2 (semi-automatic), GoA-3, and GoA-4. The GoA-2 segment is expected to dominate the market during the forecast period as urban rail transit deliveries are mostly semi-automatic in developing countries.

Key Players:


Key players in the global urban rail transit market include CRRC Corp Ltd, Ahlstrom, Larsen & Toubro Limited, Siemens AG, Kawasaki Heavy industries, Ltd. and Hitachi Ltd, among others.

Key Insights



  • New Advancements in Urban Rail Transit market.

  • Segmentation of Urban Rail Transit market.

  • New Products and Key Players.


Regional Analysis.


Geographically, the global urban rail transit market has been segmented into North America, Asia Pacific, Europe, and the Rest of the World. The Asia Pacific region is expected to show significant growth in the market during the forecast period. This is attributed to the high number of urban rail transportation infrastructure projects and heavy investments by rapidly developing countries in the region. As a result, governments are dedicated to promoting public transportation systems. The public transportation infrastructure, especially in India, needs considerable investment and a massive improvement to boost a modal shift from private vehicles. Metro rail is an essential solution for budding mass rapid transit systems in large cities across India. North America is anticipated to hold the second-largest share of the market. Due to the presence of key players in the market and the high demand for rail transit services in the region, the market is expected to exhibit steady growth. Europe is also expected to show significant growth in the market due to the government's surge in investments for rail projects and the growth of the rail supply market in the region.

To gain extensive insights into the market, Request for Customization


Segmentation


























 ATTRIBUTES 

 DETAILS     

Based on rail type



  • Trams.

  • Metro/Subway.

  • Monorail.

  • Suburban.



Based on autonomy



  • Manual.

  • Semi-Automated.

  • Fully-Automated.



Based on autonomy level



  • GoA 2 (Semi-automatic)

  • GoA 3.

  • GoA 4.



By Region



  • North America

  • Europe

  • Asia Pacific

  • ROW






  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Automotive & Transportation Clients

KIA
Bosch
Toshiba
Hitachi
GM

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X