At A CAGR Of 5.25% , Global Urban Rail Transit Industry will rise in the period of 2017-2021
The growing urbanization in the cities and suburban areas has spurred the demand for more public transportation modes.
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The advances of the public transport systems aid in the overall economic development of the country and help in increased mobility through connected networks. The acceptance of the urban rail transit market has been increasing over the years. The main reason for the growth of the market is the growing congestion in the urban and suburban areas. To overcome the rising concern of traffic and congestion, urban rail transit systems have been adopted globally. This is growing faster in the developing countries, especially in APAC, due to the increasing urbanization.
Technavios analysts forecast the global urban rail transit market to grow at a CAGR of 5.25% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global urban rail transit market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Urban Rail Transit Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Alstom
Bombardier
CRRC
Mitsubishi Heavy Industries
Siemens
Other prominent vendors
AmstedMaxion
Astra Rail
Bradken
CAF
DCD Rail
Downer Group
olane
INTAMIN Deutschland
Japan Transport Engineering Company
Newag
PKC Group
Promtractor-Vagon CJSC
Scomi Engineering Bhd
Sinara Transport Machines
Skoda Transportation
The Greenbrier Companies
The Urbanaut Company
Market driver
Growing urbanization and need for sustainability
For a full, detailed list, view our report
Market challenge
High initial investment
For a full, detailed list, view our report
Market trend
Rise of public-private partnership in developing countries
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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