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Urban Rail Transit Market Scope and overview, Global Insights and Trends, Forecasts to 2027

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Increase In Demand Analysis: The Global Urban Rail Transit Market Size is projected to reach 58.2 Billion  USD by 2027, growing at a CAGR of 3.1% During 2021-2027. In this study, 2020 has been considered as the base year and 2021 to 2027 as the forecast period to estimate the market size for Urban Rail Transit.

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Growth Factors:

Urban rail transit are the various types of local rail systems which provides passenger service within and around urban or suburban areas. It is one of the most convenient and affordable of transportation within cities. It is known for its advantages of fast, environmentally friendly, low energy consumption and high efficiency. Urban transit mostly consists of metro trains, trams, monorail, and others which are generally operated by the government, whereas across some of country, urban rail transportation is operated by the government conjointly with a private company. This system plays a crucial role in transportation across densely crowded cities, owing to safety purpose. Moreover, using of rail transit has reduced traffic congestion to a great level since, people using personal vehicle to commute has started shifting towards urban rail transit. Furthermore, reduction in use of personal vehicles has contributed towards lowering of pollution levels in various cities. In addition, major cities across various countries have multiple urban transit available for travelling thus, it has lowered the crowding as well as enabled to cover a larger area connecting every small cities & town.

Urban Rail Transit Market Opportunities:
Europe is dominant in the urban rail transit market. In order to support multi-line centralized operations, companies are offering cloud solutions to deliver openness and compatibility. Trends are shifting toward fully automated operations where Huawei— a Chinese multinational technology company, is providing its Urban Rail LET-M Solution and Urban Rail Agile IP Network Solution to clients to improve their operational efficiency.

IP (Internet Protocol)-based systems and applications are offering large transmission bandwidth for wireless communication. Companies in the urban rail transit market are accommodating CCTV and multimedia advertising facilities in systems to meet requirements of stakeholders in the value chain. The proliferation of enhanced machine type communication (eMTC) and the Internet of Things (IoT) are fueling market growth.

Regional Analysis of Urban Rail Transit Market

In terms of region, the global urban rail transit market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is projected to be a highly lucrative region of the global urban rail transit market during the forecast period. This is primarily due to high investments in urban transport infrastructure projects of rapidly developing countries in the region. Consequently, governments are committed to the promotion of public transport systems. Public transportation infrastructure in India needs considerably high investments and massive upgrades to boost a modal shift from private vehicles. It is estimated that over 50% of the population in India is likely to reside in urban areas by 2050. Metro rail is seen as a necessary solution to develop mass rapid transit systems in large cities in India.

COVID-19 Impact on Urban Rail Transit Sales

  • Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Urban Rail Transit market.
  • Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
  • Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
  • Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Urban Rail Transit market 2021 onwards. This trend will however continue through the course of the report’s assessment period

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Recent report on the Urban Rail Transit market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Urban Rail Transit market analyzes the scenario for the period of 2017 to 2027, wherein, 2021 is the base year and 2020 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Urban Rail Transit market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global Urban Rail Transit market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Urban Rail Transit market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.

The report delves into the competition landscape of the global Urban Rail Transit market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Urban Rail Transit market that are profiled in this report.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Urban Rail Transit market is analyzed at both regional and country levels.

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Some of the prominent players in the Urban Rail Transit Market include: CRRC Corp Ltd, Alstrom, Larsen & Toubro Limited, Siemens AG, Kawasaki Heavy industries, Ltd, and Hitachi Ltd.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global Urban Rail Transit Market: Segmentation

  • Urban Rail Transit Market, by Rail Type
    • Metro/Subway
    • Monorail
    • Suburban
    • Tram
  • Urban Rail Transit Market, by Autonomy
    • Manual
    • Semi-autonomous
    • Fully Autonomous
  • Urban Rail Transit Market, by Autonomy Level
    • GoA-0 (On-sight)
    • GoA-1 (Manual)
    • GoA-2 (Semi-automatic Train Operation [STO])
    • GoA-3 (Driverless Train Operation [DTO])
    • GoA-4 (Unattended Train Operation [UTO])

Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Urban Rail Transit market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Urban Rail Transit market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.

Key Questions are

  • What are the key factors influencing the Urban Rail Transit market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2021 and 2027?
  • What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

Why should you invest in this report?

If you are aiming to enter the global Urban Rail Transit market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Urban Rail Transit are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1.    Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.    Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.    Executive Summary

3.1.  Market Snapshot

Chapter 4.    Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.     Raw Material Procurement Analysis

4.3.2.     Sales and Distribution Channel Analysis

4.3.3.     Downstream Buyer Analysis

Chapter 5.    Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.     Market Drivers

5.1.2.     Market Restraints

5.1.3.     Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.     Bargaining power of suppliers

5.2.2.     Bargaining power of buyers

5.2.3.     Threat of substitute

5.2.4.     Threat of new entrants

5.2.5.     Degree of competition

Chapter 6.    Competitive Landscape

6.1.1.     Company Market Share/Positioning Analysis

6.1.2.     Key Strategies Adopted by Players

6.1.3.     Vendor Landscape

6.1.3.1.          List of Suppliers

6.1.3.2.          List of Buyers

Chapter 7.    Global Urban Rail Transit Market, By Rail Type

7.1.  Urban Rail Transit Market, by Rail Type, 2021-2027

7.1.1.     Metro/Subway

7.1.1.1.          Market Revenue and Forecast (2016-2027)

7.1.2.     Monorail

7.1.2.1.          Market Revenue and Forecast (2016-2027)

7.1.3.     Suburban

7.1.3.1.          Market Revenue and Forecast (2016-2027)

7.1.4.     Tram

7.1.4.1.          Market Revenue and Forecast (2016-2027)

Chapter 8.    Global Urban Rail Transit Market, By Autonomy

8.1.  Urban Rail Transit Market, by Autonomy, 2021-2027

8.1.1.     Manual

8.1.1.1.          Market Revenue and Forecast (2016-2027)

8.1.2.     Semi-autonomous

8.1.2.1.          Market Revenue and Forecast (2016-2027)

8.1.3.     Fully Autonomous

8.1.3.1.          Market Revenue and Forecast (2016-2027)

Chapter 9.    Global Urban Rail Transit Market, By Autonomy Level

9.1.  Urban Rail Transit Market, by Autonomy Level, 2021-2027

9.1.1.     GoA-0 (On-sight)

9.1.1.1.          Market Revenue and Forecast (2016-2027)

9.1.2.     GoA-1 (Manual)

9.1.2.1.          Market Revenue and Forecast (2016-2027)

9.1.3.     GoA-2 (Semi-automatic Train Operation [STO])

9.1.3.1.          Market Revenue and Forecast (2016-2027)

9.1.4.     GoA-3 (Driverless Train Operation [DTO])

9.1.4.1.          Market Revenue and Forecast (2016-2027)

9.1.5.     GoA-4 (Unattended Train Operation [UTO])

9.1.5.1.          Market Revenue and Forecast (2016-2027)

Chapter 10.Global Urban Rail Transit  Market, Regional Estimates and Trend Forecast

10.1.          North America

10.1.1.  Market Revenue and Forecast, by Rail Type (2016-2027)

10.1.2.  Market Revenue and Forecast, by Autonomy (2016-2027)

10.1.3.  Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.1.4.  U.S.

10.1.4.1.       Market Revenue and Forecast, by Rail Type (2016-2027)

10.1.4.2.       Market Revenue and Forecast, by Autonomy (2016-2027)

10.1.4.3.       Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.1.5.  Rest of North America

10.1.5.1.       Market Revenue and Forecast, by Rail Type (2016-2027)

10.1.5.2.       Market Revenue and Forecast, by Autonomy (2016-2027)

10.1.5.3.       Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.2.          Europe

10.2.1.  Market Revenue and Forecast, by Rail Type (2016-2027)

10.2.2.  Market Revenue and Forecast, by Autonomy (2016-2027)

10.2.3.  Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.2.4.  UK

10.2.4.1.       Market Revenue and Forecast, by Rail Type (2016-2027)

10.2.4.2.       Market Revenue and Forecast, by Autonomy (2016-2027)

10.2.4.3.       Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.2.5.  Germany

10.2.5.1.       Market Revenue and Forecast, by Rail Type (2016-2027)

10.2.5.2.       Market Revenue and Forecast, by Autonomy (2016-2027)

10.2.5.3.       Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.2.6.  France

10.2.6.1.       Market Revenue and Forecast, by Rail Type (2016-2027)

10.2.6.2.       Market Revenue and Forecast, by Autonomy (2016-2027)

10.2.6.3.       Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.2.7.  Rest of Europe

10.2.7.1.       Market Revenue and Forecast, by Rail Type (2016-2027)

10.2.7.2.       Market Revenue and Forecast, by Autonomy (2016-2027)

10.2.7.3.       Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.3.          APAC

10.3.1.  Market Revenue and Forecast, by Rail Type (2016-2027)

10.3.2.  Market Revenue and Forecast, by Autonomy (2016-2027)

10.3.3.  Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.3.4.  India

10.3.4.1.       Market Revenue and Forecast, by Rail Type (2016-2027)

10.3.4.2.       Market Revenue and Forecast, by Autonomy (2016-2027)

10.3.4.3.       Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.3.5.  China

10.3.5.1.       Market Revenue and Forecast, by Rail Type (2016-2027)

10.3.5.2.       Market Revenue and Forecast, by Autonomy (2016-2027)

10.3.5.3.       Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.3.6.  Japan

10.3.6.1.       Market Revenue and Forecast, by Rail Type (2016-2027)

10.3.6.2.       Market Revenue and Forecast, by Autonomy (2016-2027)

10.3.6.3.       Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.3.7.  Rest of APAC

10.3.7.1.       Market Revenue and Forecast, by Rail Type (2016-2027)

10.3.7.2.       Market Revenue and Forecast, by Autonomy (2016-2027)

10.3.7.3.       Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.4.          MEA

10.4.1.  Market Revenue and Forecast, by Rail Type (2016-2027)

10.4.2.  Market Revenue and Forecast, by Autonomy (2016-2027)

10.4.3.  Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.4.4.  GCC

10.4.4.1.       Market Revenue and Forecast, by Rail Type (2016-2027)

10.4.4.2.       Market Revenue and Forecast, by Autonomy (2016-2027)

10.4.4.3.       Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.4.5.  North Africa

10.4.5.1.       Market Revenue and Forecast, by Rail Type (2016-2027)

10.4.5.2.       Market Revenue and Forecast, by Autonomy (2016-2027)

10.4.5.3.       Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.4.6.  South Africa

10.4.6.1.       Market Revenue and Forecast, by Rail Type (2016-2027)

10.4.6.2.       Market Revenue and Forecast, by Autonomy (2016-2027)

10.4.6.3.       Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.4.7.  Rest of MEA

10.4.7.1.       Market Revenue and Forecast, by Rail Type (2016-2027)

10.4.7.2.       Market Revenue and Forecast, by Autonomy (2016-2027)

10.4.7.3.       Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.5.          Latin America

10.5.1.  Market Revenue and Forecast, by Rail Type (2016-2027)

10.5.2.  Market Revenue and Forecast, by Autonomy (2016-2027)

10.5.3.  Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.5.4.  Brazil

10.5.4.1.       Market Revenue and Forecast, by Rail Type (2016-2027)

10.5.4.2.       Market Revenue and Forecast, by Autonomy (2016-2027)

10.5.4.3.       Market Revenue and Forecast, by Autonomy Level (2016-2027)

10.5.5.  Rest of LATAM

10.5.5.1.       Market Revenue and Forecast, by Rail Type (2016-2027)

10.5.5.2.       Market Revenue and Forecast, by Autonomy (2016-2027)

10.5.5.3.       Market Revenue and Forecast, by Autonomy Level (2016-2027)

Chapter 11.   Company Profiles

11.1.                 CRRC Corp Ltd

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.                 Alstrom

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.                 Larsen & Toubro Limited

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.                 Siemens AG

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.                 Kawasaki Heavy industries

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.                 Ltd

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.                 Hitachi Ltd

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

Chapter 12.   Research Methodology

12.1.                 Primary Research

12.2.                 Secondary Research

12.3.                 Assumptions

Chapter 13.   Appendix

13.1.                 About Us

13.2.                 Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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