Market Research Logo

Global Urban Rail Transit Market 2017-2021

Global Urban Rail Transit Market 2017-2021

About Urban Rail Transit

The growing urbanization in the cities and suburban areas has spurred the demand for more public transportation modes. 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.

Technavio’s 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.

Key vendors
  • Alstom
  • Bombardier
  • CRRC
  • Mitsubishi Heavy Industries
  • Siemens
Other prominent vendors
  • AmstedMaxion
  • Astra Rail
  • Bradken
  • CAF
  • DCD Rail
  • Downer Group
  • èolane
  • 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
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?


Press Release

Technavio Announces the Publication of its Research Report – Global Urban Rail Transit Market 2017-2021

Technavio recognizes the following companies as the key players in the global urban rail transit market: Alstom, Bombardier, CRRC, Mitsubishi Heavy Industries, and Siemens.

Other Prominent Vendors in the market are: AmstedMaxion, Astra Rail, Bradken, CAF, DCD Rail, Downer Group, Èolane, INTAMIN Deutschland, Japan Transport Engineering Company, Newag, PKC Group, Promtractor-Vagon CJSC, Scomi Engineering Bhd, Sinara Transport Machines, Skoda Transportation, The Greenbrier Companies, and The Urbanaut Company.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rise of public-private partnership in developing countries. In developing countries, there exists a lack of infrastructure required for the operations of urban transportation. For the overall economic growth and development of the nation, efficient infrastructure facilities must be developed. The implementation of urban transport facilities requires huge investments. The expenses for such projects cannot be entirely borne by the government because of the huge risk associated with them. In such conditions, the PPP model becomes beneficial because of shared risk and better operational efficiency.”

According to the report, one of the major drivers for this market is Growing urbanization and need for sustainability. The urban population was more than 50% of the total global population in 2016. The growth is more visible in developing countries like India, China, and various countries in Africa and Latin America. For example, in China, the urban population increased by more than 40% in 2016 compared with 1960. The rise in the urban population can result in the increasing mobility in urban areas. With the growing urbanization, the primary issue is traffic and congestion associated with the increasing mobility. Therefore, with the growth of the urban population, there emerges a need for more public transportation solutions that offer high capacity transit. Railways is an option, which can overcome the problem of traffic congestion on roads by using a different route for transit, the rails.

Further, the report states that one of the major factors hindering the growth of this market is High initial investment. Rail projects are associated with high investments in the initial phase of the projects. Therefore, they are capital intensive in nature. The initial investments are mainly for the raw materials like iron, equipment and machinery, and labor. The railways are built under the build operate transfer (BOT) of public private partnership (PPP), wherein the rolling stock is done for certain projects or as per client requirement. The initial budget required for the construction of rolling stocks or stations must be borne by the vendors who are assigned the contract. The projects are done on a long-term basis because of which the company must borrow money for the initial financing.

Companies Mentioned

Alstom, Bombardier, CRRC, Mitsubishi Heavy Industries, Siemens, AmstedMaxion, Astra Rail, Bradken, CAF, DCD Rail, Downer Group, Èolane, INTAMIN Deutschland, Japan Transport Engineering Company, Newag, PKC Group, Promtractor-Vagon CJSC, Scomi Engineering Bhd, Sinara Transport Machines, Skoda Transportation, The Greenbrier Companies, and The Urbanaut Company.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Advantages of urban rail transit system
  • Market landscape
    • Market overview
      • Table Global urban rail transit market overview
      • Table Global urban rail transit market 2016 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by rail type
    • Global urban rail transit system by rail type
      • Table Global urban rail transit market by rail type 2016 (% revenue)
      • Table Global urban rail transit market by rail type 2016-2021 (% revenue)
      • Table Global urban rail transit market by rail type growth rate 2017-2021
    • Global urban rail transit system by metro rail
      • Table Global urban rail transit system by metro rail 2016-2021 ($ billions)
    • Global urban rail transit system by light rail
      • Table Global urban rail transit system by light rail 2016-2021 ($ billions)
    • Global urban rail transit system by monorail
      • Table Global urban rail transit system by monorail 2016-2021 ($ billions)
  • Geographical segmentation
    • Global urban rail transit market by geography
      • Table Global urban rail transit market by geography 2016 (% revenue)
      • Table Global urban rail transit market by geography 2016-2021 (% revenue)
      • Table Global urban rail transit market by geography growth rate 2017-2021
    • Urban rail transit market in APAC
      • Table Urban rail transit market in APAC 2016-2021 ($ billions)
    • Urban rail transit market in EMEA
      • Table Urban rail transit market in EMEA 2016-2021 ($ billions)
    • Urban rail transit market in Americas
      • Table Urban rail transit market in Americas 2016-2021 ($ billions)
  • Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Carbon emissions by different modes of transport 2016 (%)
    • Market challenges
      • Table Year-over-year growth of revenue of Indian railways 2011-2016
  • Market trends
    • Rise of public-private partnership in developing countries
      • Table Main benefits of PPP projects
    • Growing need for public transport
      • Table Rail transport statistics in Germany 2010-2014
    • Inclusion of asset finance as key model for procurement
  • Vendor landscape
    • Competitive scenario
    • Alstom
      • Table Alstom: Geographical segmentation 2016 (% revenue)
      • Table Alstom: Business segmentation 2016 (% revenue)
    • Bombardier
      • Table Bombardier: Geographical segmentation 2016 (% revenue)
      • Table Bombardier: Business segmentation 2015 and 2016 (% revenue)
    • CRRC
      • Table CRRC: Product segmentation
    • Mitsubishi Heavy Industries
      • Table Mitsubishi Heavy Industries: Business segment by revenue 2016 (% revenue)
    • Siemens
      • Table Business segmentation by revenue (% revenue)
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report