Urban Rail Transit Market by Type and Geography - Forecast and Analysis 2020-2024

  • Published: Nov 2020
  • Pages: 120
  • SKU: IRTNTR45725
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The urban rail transit market size is expected to grow by $ 16.83 mn and record a CAGR of 6% during 2020-2024.

This post-pandemic global urban rail transit market report has assessed the shift in consumer behaviour and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this urban rail transit market analysis report, key drivers such as growing urbanization and need for sustainability have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as high initial investment, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Urban Rail Transit Market Size be in 2020?

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Who are the Key Vendors in the Urban Rail Transit Market?

The urban rail transit market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies includng:

 

  • Alstom Holdings SA
  • Bombardier Inc.
  • Construcciones y Auxiliar de Ferrocarriles SA
  • CRRC Corp. Ltd.
  • Hitachi Construction Machinery Co. Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Motherson Sumi Systems Ltd.
  • Siemens AG
  • SKODA TRANSPORTATION AS
  • The Greenbrier Companies Inc.

 

The urban rail transit market is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This urban rail transit market report further entails segmentations by Type (Metro rail, Light rail, and Monorail) and Geography (APAC, Europe, North America, MEA, and South America). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.

 

Which are the Key Regional Markets for Urban Rail Transit?

Urban-Rail-Transit-Market-Market-Share-by-Region-2019-2024

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The report offers an up-to-date analysis of the geographical composition of the market. APAC had the largest market share in the urban rail transit market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. The surge in investments for rail projects will significantly influence biofuels market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

46% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for urban rail transit in the region. This report provides estimations of the contribution of all regions to the growth of the urban rail transit market size.

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What are the Key Factors Covered in this Urban Rail Transit Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive urban rail transit market growth during the next five years
  • Precise estimation of the urban rail transit market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the urban rail transit market industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of urban rail transit market vendors

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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.

TechnavioINFORMATION SOURCES

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
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TechnavioDATA ANALYSIS

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
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TechnavioREPORT WRITING

Qualitative

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

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The urban rail transit market growth will increase by $16.83 million during 2019-2024.
The urban rail transit market is expected to grow at a CAGR of 6.07% during 2019-2024.
Technavio has segmented the urban rail transit market by type (Metro rail, Light rail, and Monorail) and geographic (APAC, Europe, North America, MEA, and South America).
Alstom Holdings SA, Bombardier Inc., Construcciones y Auxiliar de Ferrocarriles SA, CRRC Corp. Ltd., Hitachi Construction Machinery Co. Ltd., Mitsubishi Heavy Industries Ltd., Motherson Sumi Systems Ltd., Siemens AG, SKODA TRANSPORTATION AS, The Greenbrier Companies Inc. are a few of the key vendors in the urban rail transit market.
APAC will register the highest growth rate of 45.81% among the other regions. Therefore, the urban rail transit market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the urban rail transit market growth are:
  • Growing urbanization and need for sustainability
The urban rail transit market vendors should focus on grabbing business opportunities from the metro rail segment as it accounted for the largest market share in the base year.
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