Light rail vehicle is considered as an efficient means of public transport, and is significantly contributing in reshaping the future of urban transportation. Light rail vehicles provide passenger service within or around the urban areas. Light rail vehicles are similar to that of a tramway but differ slightly in capacity.
Light rail vehicles have recently gained significant opportunities due to their lower capital costs and increased reliability as compared to heavy rail system. Light rail vehicle are being seen as an environment-friendly alternative for means of transport. Improved passenger comfort as well as enhanced environmental control is expected to drive the demand for light rail vehicles in the urban regions. Therefore, the market for light rail vehicle is expected to witness significant demand during the forecast period.
Growing urbanization and increased mobility are expected to be the key factors driving the growth of the light rail vehicle market during the forecast period. Growing population across the globe and a switch towards urbanization is expected to increase the demand in the transportation services. The rising demand from transportation services will be satisfied by an upsurge in production of rail supply, which in turn is expected to propel the demand for light rail vehicle during the forecast period.
Europe is the leading region in the light rail vehicle market. Germany and Russia collectively account for more than 33% of the total light rail vehicles around the world. Region such as the Middle East and Africa is expected to develop new and modern infrastructure with a faster growth rate. However, Latin America started considering light rail vehicle as a suitable means of transport and is expected to project significant growth during the forecast period.
The global Light Rail Vehicle market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Light Rail Vehicle volume and value at global level, regional level and company level. From a global perspective, this report represents overall Light Rail Vehicle market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Light Rail Vehicle in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Light Rail Vehicle manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Progress Rail Services
Sinara Transport Machines
Construcciones Y Auxiliar De Ferrocarriles SA (CAF)
Segment by Regions
Segment by Type
By Ground Clearance
Low-Floor Light Rail Vehicle
High-Floor Light Rail Vehicle
Segment by Application
Inner City Light Rail Vehicle
Summary: Get latest Market Research Reports on Light Rail Vehicle . Industry analysis & Market Report on Light Rail Vehicle is a syndicated market report, published as Global Light Rail Vehicle Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Light Rail Vehicle market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.