Urban Rail Transit Market, Size, Share, Growth, Future Prospects, and Competitive Analysis, 2024-2032

Urban rail transit encompasses various types of local rail systems including heavy rail (rapid transit) and light rail transit, that provide passenger service within and around urban or suburban areas. Urban rail transit is the most convenient and safe mode of transportation. The Urban Rail Transit market is anticipated to be around USD 209.1 million by 2027. Over the forecast period, the market is expected to grow at a CAGR of 4.7%. Rising investments for rail projects and growth of rail supply are driving the market growth, and the rise in the development of rail transit systems is also one of the key driving factors of the market. Furthermore, the rise in demand for safe, fast, and economical modes of transportation is rising the demand for the urban rail transit market.

The rising investment in the development of rail transit systems is driving the market growth. The urban rail transit system impacts the regional economy by reducing daily traveling time and traffic congestion. The government of major countries is investing heavily in developing urban rail transit systems. For instance, The International Finance Corporation (IFC) has raised an investment of US$20 million in the Bangkok Mass Transit System Corporation Limited (BTSC), which involves building, operating, and maintaining an urban rail system in Bangkok, Thailand. The mass transit system will have a significant impact on the regional economy in the central business district of Bangkok. The investment will help problems relating to pollution, health, and excess fuel consumption; and free up government resources for other activities. Additionally, the Asian Development Bank (ADB) has approved $1 billion to support the construction of the high-speed Delhi–Meerut Regional Rapid Transit System. Delhi–Meerut regional rapid transit system (RRTS) network is the integrated transport network under the NCR Regional Plan 2021. The project will finance the construction of railway tracks, station buildings, maintenance facilities, and traction and power supply.

Interesting Facts of Urban Rail Transit Market:

• Based on rail type, light urban rail transit systems have shown significant growth in 2021 owing to the rising development of light urban rail transit in developing countries.

• Based on Autonomy, semi-automated urban rail transit systems have the largest market share in 2021, due to the rising demand for automation in developing countries for connectivity, data-driven systems, provide on-demand requirements.

• GoA 3 has a larger portion of the market based on autonomy level, due to the high requirement of GoA 3 autonomy level urban transit rails in developed nations.

• APAC will have the highest share of the urban rail transit market, due to the high investment in rail transit in Asian countries.

• China will have the largest share of the APAC urban rail transit market due to the rising commitment of the government body in China to promoting public transport systems.

APAC will account for the largest share of the urban rail transit industry.

The Asia-Pacific market for urban rail transit is expected to have the largest market share in 2021. This trend is expected to be led by major countries such as China and India. China has opened 39 new rail transit lines in its urban areas in 2020. In India, public transportation infrastructure investment is rising for a massive upgrade in private vehicle transportation. In 2021, there has been a rise in the urban rail transit market as countries are resuming their work for urban rail transit post-pandemic.

Global Urban Rail Transit Market Key Players

Some of the major competitors in the global Urban Rail Transit market include Alstom Holdings SA, Larsen & Toubro Limited, Construcciones y Auxiliar de Ferrocarriles SA, CRRC Corp. Ltd., Hitachi Construction Machinery Co. Ltd., Mitsubishi Heavy Industries Ltd., Motherson Sumi Systems Ltd., Siemens AG, SKODA TRANSPORTATION AS, The Greenbrier Companies Inc, and Kawasaki Heavy Industries, Ltd.

The rising investment in the development of rail transit and the development of the Urban Rail Transit system by the companies are driving the market growth. The following are some recent market developments: on June 18, 2021, Hitachi Group has signed a contract with the Washington Metropolitan Area Transit Authority (“Metro”) in the U.S. for the delivery of new metro cars at a cost of USD $2.2B.Hitachi’s new railcars are designed to be lighter, safer, and more energy-efficient with new regenerative braking technology, high-definition cameras, and stringent cybersecurity requirements to enhance security. 

Frequently asked questions about the global Urban Rail Transit market

Q: What is the current size of the global urban rail transit market?

Ans: The urban rail transit market is expected to grow at a CAGR of 4.7%

Q: What are the major opportunities in the urban rail transit industry?

Ans: government support and rising investments in urban rail transit, are two of the market's key opportunities.

Q: What is the major growth driving factor for the urban rail transit industry?

Ans: The growing demand for urban rail transit in developing countries and rising technological advancement in urban rail transit systems are some of the market's primary driving forces.

Q: Which region is expected to have the largest share of the urban rail transit market?

Ans: The Asia Pacific will dominate the urban rail transit market.

Q: Which end-user segment will dominate the urban rail transit market?

Ans: Light rail transit systems are expected to have the largest market share.

1. Urban Rail Transit Market – Introduction

1. Market Definition

2. Research Objective and Scope of the Report

2. Urban Rail Transit Market – Research Methodology

3. Urban Rail Transit Market – Executive Summary

1. Market Snippet, By Rail Type

2. Market Snippet, By Autonomy

3. Market Snippet, By Autonomy Level

4. Market Snippet, By Region

4. Urban Rail Transit Market Dynamics

1. Market Dynamics

1. Drivers

2. Restraints

2. Market Opportunities

3. Porter’s Five Analysis

4. Regulatory Analysis

5. Market Trends

5. Urban Rail Transit Market – COVID Impact Analysis

6. Urban Rail Transit Market – By Rail Type

1. Introduction

1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Rail Type

2. Market Attractiveness Index, By Rail Type

2. Metro/Subway

1. Introduction

2. Market Size Analysis, and Y-o-Y Growth Analysis (%)

3. Monorail

4. Suburban

5. Light Rail

6. Rapid Transit

7. Commuter Rail

8. Funicular

9. Cable Car

10. Guided Bus

11. Others

7. Urban Rail Transit Market – By Autonomy 

1. Introduction

1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Autonomy

2. Market Attractiveness Index, By Autonomy

2. Manual

1. Introduction

2. Market Size Analysis, and Y-o-Y Growth Analysis (%)

3. Semi-Autonomous

4. Fully Autonomous

8. Urban Rail Transit Market – By Autonomy Level

1. Introduction

1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Autonomy Level

2. Market Attractiveness Index, By Autonomy Level

2. GoA-0

1. Introduction

2. Market Size Analysis, and Y-o-Y Growth Analysis (%)

3. GoA-1

4. GoA-2

5. GoA-3

6. GoA-4

9. Urban Rail Transit Market - By Region

1. Introduction

1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region

2. Market Attractiveness Index, By Region

2. North America

1. Introduction

2. Key Region-Specific Dynamics

3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Rail Type

4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Autonomy

5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Autonomy Level

6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

1. The U.S.

2. Canada

3. Mexico

3. Europe

1. Introduction

2. Key Region-Specific Dynamics

3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Rail Type

4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Autonomy

5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Autonomy Level

6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

1. Germany

2. The U.K.

3. France

4. Italy

5. Spain

6. Rest of Europe

4. South America

1. Introduction

2. Key Region-Specific Dynamics

3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Rail Type

4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Autonomy

5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Autonomy Level

6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

1. Brazil

2. Argentina

3. Rest of South America

5. Asia-Pacific

1. Introduction

2. Key Region-Specific Dynamics

3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Rail Type

4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Autonomy

5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Autonomy Level

6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

1. China

2. India

3. Japan

4. Australia

5. Rest of Asia Pacific

6. The Middle East and Africa

1. Introduction

2. Key Region-Specific Dynamics

3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Rail Type

4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Autonomy

5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Autonomy Level

10. Urban Rail Transit Market – Competitive Landscape

1. Competitive Scenario

2. Comparative Product Portfolio Analysis

3. Market Positioning/Share Analysis

4. Mergers and Acquisitions Analysis

5. SWOT Analysis

6. Company Profiles

1. Alstom Holdings SA

1. Company Overview

2. Product Portfolio

3. Financials

4. Key Developments

2. Larsen & Toubro Limited

3. Construcciones y Auxiliar de Ferrocarriles SA

4. CRRC Corp. Ltd.

5. Hitachi Construction Machinery Co. Ltd.

6. Mitsubishi Heavy Industries Ltd.

7. Motherson Sumi Systems Ltd.

8. Siemens AG

9. SKODA TRANSPORTATION AS

10. The Greenbrier Companies Inc

11. Kawasaki Heavy Industries, Ltd.

11. Appendix

1. About Us and Services

2. Related Reports

3. Contact Us