Light Rail Market Size 2024-2028
The light rail market size is forecast to increase by USD 3.74 billion at a CAGR of 4.1% between 2023 and 2028. The market is experiencing significant growth, driven by the rapid expansion of urban areas and increasing investment from governments to improve public transportation infrastructure. This trend is particularly evident in densely populated cities where traffic congestion and environmental concerns are becoming major issues. However, the market is not without challenges. The volatility in prices of raw materials, such as steel and aluminum, poses a significant threat to the cost-effectiveness of light rail projects. Additionally, the high upfront costs of constructing light rail systems can be a barrier to entry for some potential investors. Despite these challenges, the long-term benefits of light rail, including reduced traffic congestion, improved air quality, and increased mobility, make it an attractive option for urban transportation solutions.
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1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
5 Historic Market Size
- 5.1 Global Light Rail Market 2018 - 2022
- Historic Market Size - Data Table on Global Light Rail Market 2018 - 2022 ($ million)
- 5.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 5.3 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
- 5.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 5.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on the Global Light Rail Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 7.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Type
- 8.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 8.3 High capacity light rail - Market size and forecast 2023-2028
- Chart on High capacity light rail - Market size and forecast 2023-2028 ($ million)
- Data Table on High capacity light rail - Market size and forecast 2023-2028 ($ million)
- Chart on High capacity light rail - Year-over-year growth 2023-2028 (%)
- Data Table on High capacity light rail - Year-over-year growth 2023-2028 (%)
- 8.4 Low capacity light rail - Market size and forecast 2023-2028
- Chart on Low capacity light rail - Market size and forecast 2023-2028 ($ million)
- Data Table on Low capacity light rail - Market size and forecast 2023-2028 ($ million)
- Chart on Low capacity light rail - Year-over-year growth 2023-2028 (%)
- Data Table on Low capacity light rail - Year-over-year growth 2023-2028 (%)
- 8.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
9 Market Segmentation by Application
- 9.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
- 9.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 9.3 Intra-city transport - Market size and forecast 2023-2028
- Chart on Intra-city transport - Market size and forecast 2023-2028 ($ million)
- Data Table on Intra-city transport - Market size and forecast 2023-2028 ($ million)
- Chart on Intra-city transport - Year-over-year growth 2023-2028 (%)
- Data Table on Intra-city transport - Year-over-year growth 2023-2028 (%)
- 9.4 Inter-city transport - Market size and forecast 2023-2028
- Chart on Inter-city transport - Market size and forecast 2023-2028 ($ million)
- Data Table on Inter-city transport - Market size and forecast 2023-2028 ($ million)
- Chart on Inter-city transport - Year-over-year growth 2023-2028 (%)
- Data Table on Inter-city transport - Year-over-year growth 2023-2028 (%)
- 9.5 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
10 Customer Landscape
- 10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
- 11.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)
- 11.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 11.3 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 11.4 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 11.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 11.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 11.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 11.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 11.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 11.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 11.11 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
- 11.12 Italy - Market size and forecast 2023-2028
- Chart on Italy - Market size and forecast 2023-2028 ($ million)
- Data Table on Italy - Market size and forecast 2023-2028 ($ million)
- Chart on Italy - Year-over-year growth 2023-2028 (%)
- Data Table on Italy - Year-over-year growth 2023-2028 (%)
- 11.13 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 11.14 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 11.15 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 11.16 South Korea - Market size and forecast 2023-2028
- Chart on South Korea - Market size and forecast 2023-2028 ($ million)
- Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
- Chart on South Korea - Year-over-year growth 2023-2028 (%)
- Data Table on South Korea - Year-over-year growth 2023-2028 (%)
- 11.17 Australia - Market size and forecast 2023-2028
- Chart on Australia - Market size and forecast 2023-2028 ($ million)
- Data Table on Australia - Market size and forecast 2023-2028 ($ million)
- Chart on Australia - Year-over-year growth 2023-2028 (%)
- Data Table on Australia - Year-over-year growth 2023-2028 (%)
- 11.18 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
12 Drivers, Challenges, and Opportunity/Restraints
- 12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 12.4 Market opportunities/restraints
13 Competitive Landscape
- 13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 13.3 Landscape disruption
- Overview on factors of disruption
- 13.4 Industry risks
- Impact of key risks on business
14 Competitive Analysis
- 14.2 Company ranking index
- 14.3 Market positioning of companies
- Matrix on companies position and classification
- 14.4 ALSTOM SA
- ALSTOM SA - Overview
- ALSTOM SA - Business segments
- ALSTOM SA - Key news
- ALSTOM SA - Key offerings
- ALSTOM SA - Segment focus
- SWOT
- 14.5 CRRC Corp. Ltd.
- CRRC Corp. Ltd. - Overview
- CRRC Corp. Ltd. - Product / Service
- CRRC Corp. Ltd. - Key offerings
- SWOT
- 14.6 General Electric Co.
- General Electric Co. - Overview
- General Electric Co. - Business segments
- General Electric Co. - Key news
- General Electric Co. - Key offerings
- General Electric Co. - Segment focus
- SWOT
- 14.7 Hitachi Ltd.
- Hitachi Ltd. - Overview
- Hitachi Ltd. - Business segments
- Hitachi Ltd. - Key news
- Hitachi Ltd. - Key offerings
- Hitachi Ltd. - Segment focus
- SWOT
- 14.8 Kawasaki Heavy Industries Ltd.
- Kawasaki Heavy Industries Ltd. - Overview
- Kawasaki Heavy Industries Ltd. - Business segments
- Kawasaki Heavy Industries Ltd. - Key offerings
- Kawasaki Heavy Industries Ltd. - Segment focus
- SWOT
- 14.9 Mitsubishi Heavy Industries Ltd.
- Mitsubishi Heavy Industries Ltd. - Overview
- Mitsubishi Heavy Industries Ltd. - Business segments
- Mitsubishi Heavy Industries Ltd. - Key news
- Mitsubishi Heavy Industries Ltd. - Key offerings
- Mitsubishi Heavy Industries Ltd. - Segment focus
- SWOT
- 14.10 Mott MacDonald
- Mott MacDonald - Overview
- Mott MacDonald - Product / Service
- Mott MacDonald - Key offerings
- SWOT
- 14.11 Parsons Corp.
- Parsons Corp. - Overview
- Parsons Corp. - Business segments
- Parsons Corp. - Key offerings
- Parsons Corp. - Segment focus
- SWOT
- 14.12 Samvardhana Motherson International Ltd.
- Samvardhana Motherson International Ltd. - Overview
- Samvardhana Motherson International Ltd. - Business segments
- Samvardhana Motherson International Ltd. - Key offerings
- Samvardhana Motherson International Ltd. - Segment focus
- SWOT
- 14.13 Schunk GmbH
- Schunk GmbH - Overview
- Schunk GmbH - Product / Service
- Schunk GmbH - Key offerings
- SWOT
- 14.14 Siemens AG
- Siemens AG - Overview
- Siemens AG - Business segments
- Siemens AG - Key news
- Siemens AG - Key offerings
- Siemens AG - Segment focus
- SWOT
- 14.15 Stadler Rail Ag
- Stadler Rail Ag - Overview
- Stadler Rail Ag - Business segments
- Stadler Rail Ag - Key offerings
- Stadler Rail Ag - Segment focus
- SWOT
- 14.16 SYSTRA SA
- SYSTRA SA - Overview
- SYSTRA SA - Product / Service
- SYSTRA SA - Key offerings
- SWOT
- 14.17 WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.
- WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP. - Overview
- WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP. - Business segments
- WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP. - Key offerings
- WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP. - Segment focus
- SWOT
- 14.18 WSP Global Inc.
- WSP Global Inc. - Overview
- WSP Global Inc. - Business segments
- WSP Global Inc. - Key offerings
- WSP Global Inc. - Segment focus
- SWOT
15 Appendix
- 15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 15.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 15.4 Research methodology
- 15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 360 degree market analysis
- 360 degree market analysis
- 15.10 List of abbreviations
- List of abbreviations
- o Capacity Expansion of the market
- o Strong operational management
- o Stable customer base
- o Stable market performance
- o Capacity Expansion of the market
- o Strong focus on sustainability
- o Capacity Expansion of the market
- o Strong operational management
- o Strong focus on sustainability
- o Capacity Expansion of the market
- o Strong geographic presence
- o Strong focus on sustainability
- o Stable customer base
- o Strong geographic presence
- o Diversification in products
- o Stable market performance
- o Stable customer base
- o Stable market performance
- o Capacity Expansion of the market
- o Strong geographic presence
- o Diversification in products
- o Strong manufacturing capabilities
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