Global Light Rail Market 2016-2020

  • Published: Apr 2016
  • Pages: 63
  • SKU: IRTNTR8898

Enjoy complimentary customisation on priority with our Enterprise License!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted

  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

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).

Overview of the global light rail market

Technavio’s market research analyst predicts that the global light rail market will grow at a moderate CAGR of close to 5% during the forecast period. Due to increasing urbanization and the need for mobility, the global demand for rail and related infrastructure projects will increase rapidly. This increase in the demand for rail and infrastructure related projects will bolster the need for light rail vehicles (LRV), which are used for transportation purposes within cities. Furthermore, with an increase in population in and around major metros, the demand for convenient transportation has increased significantly. Consequently, governments from across the globe have been compelled to invest in transport methods like trams, light rail, monorail,  and commuter rail services, which in turn is expected to enhance market growth during the predicted period.

According to this market research report, a major trend influencing the prospects for growth in this market is the growing preference for public-private partnership (PPP) model in developing countries. 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.

Geographical segmentation of the light rail market

  • Americas
  • APAC
  • Europe
  • MEA

The European region currently dominates the global light rail market and is envisaged to grow at a steady CAGR of over 4% during the estimated period. In this region, Western Europe is the major revenue contributor, followed by Eastern Europe and CIS. The recent increase in the number of rail infrastructure projects across countries like France, Sweden, the UK, and Germany will result in the strong growth of this market in Europe. In addition, factors like the presence of major rail supplier vendors in this region, such as Alstom, Siemens, and Standler, will also aid in the growth of this market over the next few years.

Competitive landscape and key vendors

The global light rail landscape 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.

Key vendors in the market are -

  • Bombardier
  • Alstom
  • Siemens
  • Mitsubishi
  • CRRC
  • Construcciones Y Auxiliar De Ferrocarriles SA (CAF)

Other vendors in the market include AmstedMaxion, Astra Rail, Azovobeshemash, Bradken, Cyient, DCD Rail, Downer Rail, éolane, FreightCar America, Hitachi Rail Europe, Japan Transport Engineering Company, JSC Dneprovagonmash, JSC Kryukovsky Railway Car Building Works, JSC Zavod Metallokonstruktsy, Kinki Sharyo, National Steel Car, Newag, Nippon Sharyo, OJSC Altaivagon, PESA Bydgoszcz SA, PKC Group, Progress Rail Services, Promtractor-Vaton CJSC, SGC Solutions, Sinara Transport Machines, Skoda Transportation, Stadler Rail Group, Talgo, Tratavagonka Poprad, The Greenbrier Companies, Trinity Industries, Vossloh Group, and Wabtec Corporation.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global light rail market?
  • What are the key market trends affecting the growth of the global light rail market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global light rail market?
  • What are the market opportunities and threats faced by the vendors in the global light rail market?
  • Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
  • What are the key outcomes of the five forces analysis of the global light rail market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

A light rail transit (LRT) is a medium capacity mode of mass rapid transport that uses equipment and infrastructure that is less massive than that used for heavy rail modes i.e. commuter and metro rail or subway. These systems can be integrated into any city due to their operating flexibility, and has been driving the market growth.

The global light rail market report is part of Technavio’s transportation and logistics research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as logistics, packaging, transportation and distribution, and warehouse and storage. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.

Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Geographical segmentation

  • Global light rail market segmentation by geography
  • Light rail market in Europe
  • Light rail market in Americas
  • Light rail market in APAC
  • Light rail market in MEA

PART 07: Market drivers

PART 08: Impact of drivers

PART 09: Market challenges

PART 10: Impact of drivers and challenges

PART 11: Market trends

PART 12: Vendor landscape

  • Competitive scenario
  • Key vendor ranking 2015
  • Alstom
  • Bombardier
  • CAF
  • CRRC
  • Mitsubishi Electric
  • Siemens
  • Other prominent vendors

PART 13: Appendix

  • List of abbreviations

PART 14: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your sample now!
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
  • Off-the-shelf research reports
  • Reports can be tailored to meet the customer's needs
  • Trusted by more than 100 fortune 500 organizations
  • Information about the market's key drivers, trends, and challenges
  • Parent market analysis
  • Every week, 50,000 people visit our subscription platform
  • Detailed vendors report with competitive landscape
  • Covid-19 impact and recovery analysis
  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

Certified ISO 9001 : 2015

We are ISO recognized

We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

We are GDPR and CCPA compliant

We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

Safe and Secure SSL Encrypted

  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Customized Report as per your Business Needs

  • Our analysts will work directly with you and understand your needs
  • Get data on specified regions or segments, competitor and Vendors
  • Data will be formatted and presented as per your requirements
  • We offer $1000 worth of FREE customization at the time of purchase

Let us help you make report more suited to your requirements.

  • Get a competitive breakdown as per your niche industry
  • Customize the data with various metrics that meet your business prerequisite
  • Understand Revenue Sources, Customers and many more
  • Details on Market Share
  • These customizations are done in a short amount of time by our analysts and industry experts
Enquire Before Buying
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>