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Global Light Rail Vehicle Market: By Capacity: Lower Capacity, Higher Capacity; By Ground Clearance: Low-Floor, High-Floor; By Application: Inner City, Interconnecting Cities; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

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 2021-2026.

 

Light Rail Vehicle Market

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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.

 

Light Rail Vehicle Market by Capacity

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Light Rail Vehicle: Industry Definition and 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.

 

Light Rail Vehicle Market by Region

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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 industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Light Rail Vehicle Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Light Rail Vehicle Historical Market (2016-2020) 
    8.3    Global Light Rail Vehicle Market Forecast (2021-2026)
    8.4    Global Light Rail Vehicle Market by Capacity
        8.4.1    Lower Capacity
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Higher Capacity
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Light Rail Vehicle Market by Ground Clearance
        8.5.1    Low-Floor
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    High-Floor
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Light Rail Vehicle Market by Application
        8.6.1    Inner City
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Interconnecting Cities
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Light Rail Vehicle Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Bombardier Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Alstom
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Siemens Mobility GmbH
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Mitsubishi Heavy Industries, Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Kawasaki Rail Car, Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    PKC Group Ltd
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments


    
List of Figures and Tables

1.    Global Light Rail Vehicle Market: Key Industry Highlights, 2016 and 2026
2.    Global Light Rail Vehicle Historical Market: Breakup by Capacity (USD Billion), 2016-2020
3.    Global Light Rail Vehicle Market Forecast: Breakup by Capacity (USD Billion), 2021-2026
4.    Global Light Rail Vehicle Historical Market: Breakup by Ground Clearance (USD Billion), 2016-2020
5.    Global Light Rail Vehicle Market Forecast: Breakup by Ground Clearance (USD Billion), 2021-2026
6.    Global Light Rail Vehicle Historical Market: Breakup by Application (USD Billion), 2016-2020
7.    Global Light Rail Vehicle Market Forecast: Breakup by Application (USD Billion), 2021-2026
8.    Global Light Rail Vehicle Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Light Rail Vehicle Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Light Rail Vehicle Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Light Rail Vehicle Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Light Rail Vehicle Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Light Rail Vehicle Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Light Rail Vehicle Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Light Rail Vehicle Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Light Rail Vehicle Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Light Rail Vehicle Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Light Rail Vehicle Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Light Rail Vehicle Market Forecast: Breakup by Country (USD Billion), 2021-2026
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 2021 and 2026.

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 2021-2026, 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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