Reports
Global Light Rail Vehicle Market Share, Analysis, Forecast: By Capacity: Lower Capacity, Higher Capacity; By Ground Clearance: Low-Floor, High-Floor; By Application: Inner City, Interconnecting Cities; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Light Rail Vehicle Market Outlook
The global light rail vehicle market is expected to grow at a CAGR of 5% in the forecast period of 2024-2032.
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Huge Potential Growth in Countries with No Light Rail Transit Installation is Aiding the Light Rail Vehicle Industry
The market for light rail vehicle is driven by the huge potential growth in countries which do not have light rail transit installed yet. This is expected to propel the market growth in the forecast period as well. The market for light rail vehicle is further expected to find impetus owing to the rapid urbanisation in the countries within the Asia Pacific, consequently generating an increased demand for new and improved rail and transport-related infrastructure projects. This is expected to propel the market growth in the region over the forecast period. Further, the rising population in and around urban areas is resulting in the increasing demand for easy and time-efficient transportation services around the world, as a result, enhancing the market growth of light rail vehicle.
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Light Rail Vehicle: Market Segmentation
Light rail vehicle is considered to be an efficient means of public transport and is instrumental in reshaping the future of urban transportation. The light rail vehicle provides passenger service within as well as around the urban areas. It is similar to that of a tramway but varies a bit in capacity.
On the basis of capacity, the market is divided into:
- Lower Capacity
- Higher Capacity
Based on ground clearance, the industry can be segmented into:
- Low-Floor
- High-Floor
On the basis of application, the market is segmented into:
- Inner City
- Interconnecting Cities
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rapid Urbanisation and Increased Mobility to Aid the Global Market Growth of Light Rail Vehicle
The light rail vehicle industry is being driven by major factors such as rapid urbanisation and increased mobility. The market is further being aided by the growing population across the world and people switching to urban areas, which is expected to create a heightened demand for transportation services. Moreover, the increasing demand from transportation services, when met with a surge in the production of rail supply, is expected to aid the market growth of light rail vehicle over the forecast period. However, the market growth may witness a setback in the forecast period for the manufacturers of this product as the light rail vehicle costs considerably higher for long-distance routes with lesser traffic.
Key Industry Players in the Global Light Rail Vehicle Market
The report gives a detailed analysis of the following key players in the global light rail vehicle market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Bombardier Inc.
- Alstom
- Siemens Mobility GmbH
- Mitsubishi Heavy Industries, Ltd.
- Kawasaki Rail Car, Inc.
- PKC Group Ltd
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Capacity, Ground Clearance, Application, Region |
| Breakup by Capacity | Lower Capacity, Higher Capacity |
| Breakup by Ground Clearance | Low-Floor, High-Floor |
| Breakup by Application | Inner City, Interconnecting Cities |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Bombardier Inc., Alstom, Siemens Mobility GmbH, Mitsubishi Heavy Industries, Ltd., Kawasaki Rail Car, Inc., PKC Group Ltd, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Light Rail Vehicle Market Analysis
8.1 Key Industry Highlights
8.2 Global Light Rail Vehicle Historical Market (2018-2023)
8.3 Global Light Rail Vehicle Market Forecast (2024-2032)
8.4 Global Light Rail Vehicle Market by Capacity
8.4.1 Lower Capacity
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Higher Capacity
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Light Rail Vehicle Market by Ground Clearance
8.5.1 Low-Floor
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 High-Floor
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Light Rail Vehicle Market by Application
8.6.1 Inner City
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Interconnecting Cities
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Light Rail Vehicle Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Light Rail Vehicle Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Light Rail Vehicle Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Light Rail Vehicle Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Light Rail Vehicle Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Light Rail Vehicle Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Bombardier Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Alstom
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Siemens Mobility GmbH
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Mitsubishi Heavy Industries, Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Kawasaki Rail Car, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 PKC Group Ltd
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Light Rail Vehicle Market: Key Industry Highlights, 2018 and 2032
2. Global Light Rail Vehicle Historical Market: Breakup by Capacity (USD Billion), 2018-2023
3. Global Light Rail Vehicle Market Forecast: Breakup by Capacity (USD Billion), 2024-2032
4. Global Light Rail Vehicle Historical Market: Breakup by Ground Clearance (USD Billion), 2018-2023
5. Global Light Rail Vehicle Market Forecast: Breakup by Ground Clearance (USD Billion), 2024-2032
6. Global Light Rail Vehicle Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Light Rail Vehicle Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Light Rail Vehicle Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Light Rail Vehicle Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Light Rail Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Light Rail Vehicle Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Light Rail Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Light Rail Vehicle Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Light Rail Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Light Rail Vehicle Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Light Rail Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Light Rail Vehicle Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Light Rail Vehicle Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Light Rail Vehicle Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Light Rail Vehicle Market Structure
Key Questions Answered in the Report
The global light rail vehicle market is projected to grow at a CAGR of 5% between 2024 and 2032.
The major drivers of the industry, such as rising disposable incomes, increasing population, rapid urbanisation, rising demand for easy and time-efficient transportation services, and a surge in the production of rail supply, are expected to aid the market growth.
The key trends guiding the growth of the market include the rising demand for new and improved rail and transport related infrastructure projects.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.
The significant capacities of light rail vehicle in the market are lower capacity and higher capacity.
The major ground clearance segments in the industry are low-floor and high-floor.
The leading application segments in the market are inner city and interconnecting cities.
The major players in the industry are Bombardier Inc., Alstom, Siemens Mobility GmbH, Mitsubishi Heavy Industries, Ltd., Kawasaki Rail Car, Inc., and PKC Group Ltd, among others.
Analyst Review
The global light rail vehicle market is being driven by the rising demand for transportation services. Aided by the growing investments into rail industry, the market is expected to witness a healthy growth in the forecast period of 2024-2032, growing at a CAGR of 5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on capacity, the market is segmented into lower capacity and higher capacity. On the basis of ground clearance, the industry is divided into low-floor and high-floor. By application, the market is categorised into inner city and interconnecting cities. The major regional markets for light rail vehicle are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Bombardier Inc., Alstom, Siemens Mobility GmbH, Mitsubishi Heavy Industries, Ltd., Kawasaki Rail Car, Inc., and PKC Group Ltd, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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