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Global Light Rail Market 2016-2020

About Light Rail

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

Technavio’s analysts forecast the global light rail market to grow at a CAGR of 4.76% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global light rail market for the period 2016-2020. To calculate the market size, this report covers revenue generated by the vendors in the market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • MEA
Technavio's report, Global Light Rail Market 2016-2020, 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.

Key vendors
  • Alstom
  • Bombardier
  • Construcciones Y Auxiliar De Ferrocarriles SA (CAF)
  • CRRC Corporation
  • Mitsubishi Electric
  • Siemens
Other prominent vendors
  • AmstedMaxion
  • Astra Rail
  • Azovobshemash
  • 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-Vagon CJSC
  • SCG Solutions
  • Sinara Transport Machines
  • Skoda Transportation
  • Stadler Rail Group
  • Talgo
  • Tatravagonka Poprad
  • The Greenbrier Companies
  • Trinity Industries
  • Vossloh Group
  • Wabtec Corporation
Market driver
  • Urbanization and increased mobility
  • For a full, detailed list, view our report
Market challenge
  • High initial investment
  • For a full, detailed list, view our report
Market trend
  • Emergence of PPP model in developing countries
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Light Rail Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Light Rail Market: Alstom, Bombardier, Construcciones Y Auxiliar De Ferrocarriles SA (CAF), CRRC Corporation, Mitsubishi Electric, and Siemens.

Other Prominent Vendors in the market are: AmstedMaxion, Astra Rail, Azovobshemash, 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-Vagon CJSC, SCG Solutions, Sinara Transport Machines, Skoda Transportation, Stadler Rail Group, Talgo, Tatravagonka Poprad, The Greenbrier Companies, Trinity Industries, Vossloh Group, and Wabtec Corporation.

Commenting on the report, an analyst from Technavio’s team said: “Developed and developing economies favors the adoption of PPP model for infrastructure projects financing and its implementation. The use of the PPP model in railway infrastructure projects for their funding and implementation provides cost savings and better risk sharing benefits. Private players enter into a long-term contracts with public or government authorities for delivery and maintenance of urban transit systems, thus providing greater certainty about timely delivery of projects as these contracts are set on target fulfillment basis to ensure payment.”

According to the report, the growing urbanization and increased mobility have surged the demand for light rail vehicles (LRVs) and passenger coaches in the urban rail transit market. Urban rail transit comprises various types of light and high rail systems, which provide passengers services within or around urban areas. With the growing population moving toward the urban areas, the demand for an increase in transportation services has increased. This increase in demand will be fulfilled by an increase in production of rail supply components, thus enhancing the growth of the market.

Further, the report states that high initial investment to start up the manufacturing process or to initiate a project act as a major hindrance to the growth of the market.

Companies Mentioned

Alstom, Bombardier, Construcciones Y Auxiliar De Ferrocarriles SA (CAF), CRRC Corporation, Mitsubishi Electric, Siemens, AmstedMaxion, Astra Rail, Azovobshemash, 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-Vagon CJSC, SCG Solutions, Sinara Transport Machines, Skoda Transportation, Stadler Rail Group, Talgo, Tatravagonka Poprad, The Greenbrier Companies, Trinity Industries, Vossloh Group, Wabtec Corporation.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global light rail market landscape
    • Market size and forecast
      • Table Global light rail market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Global light rail market segmentation by geography
      • Table Global light rail market segmentation by geography 2015 and 2020 (revenue %)
      • Table Global light rail market segmentation by geography 2015-2020 (revenue %)
      • Table Global light rail market segmentation by geography 2015-2020 ($ billions)
    • Light rail market in Europe
      • Table Light rail market in Europe 2015-2020 ($ billions)
    • Light rail market in Americas
      • Table Light rail market in Americas 2015-2020 ($ billions)
    • Light rail market in APAC
      • Table Light rail market in APAC 2015-2020 ($ billions)
    • Light rail market in MEA
      • Table Light rail market in MEA 2015-2020 ($ billions)
  • Market drivers
    • Table Growth drivers for light rail market
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Market challenges of global light rail market
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Emerging trends of global light rail market
  • Vendor landscape
    • Competitive scenario
    • Key vendor ranking 2015
      • Table Key vendor ranking
    • Alstom
      • Table Alstom: Business segmentation by revenue 2015
      • Table Alstom: Geographical segmentation by revenue 2015
      • Table Alstom: Key takeaways
    • Bombardier
      • Table Bombardier: Business segmentation by revenue 2015
      • Table Bombardier: Geographical segmentation by revenue 2015
      • Table Bombardier: Key takeaways
    • CAF
      • Table CAF: Product offering
      • Table CAF: Key takeaways
    • CRRC
      • Table CRRC: Product segmentation
      • Table CRRC: Key takeaways
    • Mitsubishi Electric
      • Table Mitsubishi Electric: Business segmentation by revenue 2015
      • Table Mitsubishi Electric: Geographical segmentation by revenue 2015
      • Table Mitsubishi Electric: Key takeaways
    • Siemens
      • Table Siemens: Business segmentation by revenue 2015
      • Table Siemens: Geographical segmentation by revenue 2015
      • Table Siemens: Key takeaways
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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